Prop trading, explained
Know this before you pay: how challenges work, the rules that trip people up, and how to pay and get paid from Nigeria.
What's a prop firm? Funded trading in plain EnglishProp firms, simply: what they are, how the challenge works, what you pay and how you get paid, for traders in How a prop firm challenge works, step by stepProp firm challenges explained: phases, profit target, daily loss, max loss, minimum days and what happens wheThe consistency rule: what it is and how not to get caughtWhat the consistency rule is, how the best-day percentage works and which firms skip it.Prop firm profit split: what you actually take homeHow profit splits work: 80% standard, 90% and 100% add-ons, scaling and what lands in your account.Instant funding: skip the challenge, pay moreWhat instant funding is, how its price compares with a challenge, the rules and who should use it.How to pass a prop firm challenge: 8 rules that workPractical tips to pass a prop firm challenge: risk per trade, daily stops, sizing, news and staying calm.News trading at prop firms: the rulesHow prop firms handle news trading: no-trade windows, high-impact events and firms that allow it.How much does a prop firm account cost?Prop firm challenge prices by size, what makes them cost more, refunds, add-ons and cheapest options for NigerAre prop firms legal in Nigeria?Are prop firms legal in Nigeria? Where they stand with the SEC, how to spot a fake prop firm and what protectiHow to pay for a prop firm challenge from NigeriaPaying for a prop firm challenge from Nigeria: naira card limits, virtual dollar cards, USDT and keeping receiHow prop firm payouts reach Nigerian tradersHow Nigerian traders receive prop firm payouts: crypto, Rise, converting to naira and the costs along the way.