Guides for prop traders
What to know before you buy a challenge: rules, drawdown, paying and getting paid from Kenya, and common mistakes.
What is a prop firm and how does it work?What a prop firm is, how the challenge works, what it costs and how you get paid, explained simply for tradersHow a prop firm challenge works: phases, targets and limitsHow a prop firm challenge works step by step: phases, profit target, daily loss, max loss, minimum days and whDrawdown explained: static, trailing and daily limitsStatic vs trailing drawdown, daily loss limits and how prop firms calculate them, with worked examples in plaiProp firm profit split: how much do you really keep?How prop firm profit splits work: the 80% standard, 90% and 100% add-ons, scaling plans and what reaches your 1-Step vs 2-Step challenge: which should you choose?1-Step vs 2-Step vs 3-Step prop firm challenges compared: targets, loss limits, price and which suits your traCommon prop firm mistakes and how to avoid themThe most common mistakes that cost traders their prop firm challenge or funded account, and how to avoid each How much does a prop firm account cost?What prop firm challenges cost by account size, what affects the price, refunds, add-ons and the cheapest optiProp firm glossary: the terms explainedA plain-English glossary of prop firm terms: challenge, drawdown, consistency rule, profit split, scaling, KYCAre prop firms legal in Kenya? The CMA and prop firmsAre prop firms legal in Kenya? How they relate to CMA rules, how to avoid scams and how to check a firm.How to pay for a prop firm challenge from KenyaPaying for a prop firm challenge from Kenya: cards, M-Pesa virtual cards, USDT and receipts.How prop firm payouts reach Kenyan tradersHow Kenyan traders receive prop firm payouts: crypto, Rise, converting to shillings and M-Pesa.