18+ and not financial advice

Not financial advice

PropFirmRules is an independent information site. We aren't authorised or regulated by the Financial Conduct Authority (FCA) to give investment advice, and we don't. We don't provide signals, tips, trade ideas or personal recommendations. Comparisons and scores describe published rules, not the quality of any firm or your chance of success.

The risks

• Prop firm challenge fees are payments for an evaluation, and most traders lose them. Only pay what you can afford to lose completely.
• Prop firms are generally not regulated by the FCA, and their accounts are often simulated. You may not have Financial Ombudsman Service or FSCS protection.
• Firms can apply discretionary rules, refuse payouts or change terms. Read their legal terms before you pay.
• Trading leveraged products such as CFDs, forex and gold is high risk, and you can lose money quickly.

Getting help

If trading or spending on challenges feels out of control, you can get free, confidential support from GamCare (0808 8020 133) or MoneyHelper.