Industry, legal and operations
Prop firm
A company that assesses traders and pays them a share of the results they produce, rather than a broker that executes orders for clients. Most modern retail firms run the assessment on simulated accounts.
GFN’s figure
GFN publishes every objective before purchase: 3% to 5% daily loss limits, 5% to 8% maximum drawdowns, targets by programme and a virtual profit share of up to 90%.
Get Funded Now is a trading name of Bradbury Capital Ltd, an English company. GFN is not regulated as a financial services provider and does not present itself as one.
In detail
Prop firm,explained
The business is straightforward to describe and frequently misread: revenue comes from evaluation fees, and the cost is the payouts owed to traders who pass. The rules exist to keep the second smaller than the first.
The consequence for a trader is that the rules are the product. Reading them before buying is the entire due diligence process, and firms that publish them fully are making a statement by doing so.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
Proprietary trading
Trading a firm's own capital rather than client money. The traditional form employed traders in-house; the retail form assesses traders remotely and pays them a share of the results they produce.
Simulated funding
The model where a firm assesses and pays traders on simulated accounts rather than routing their orders to a market. Trading is simulated; payouts against qualifying performance are real money.
Broker
A firm that executes trades on a client's behalf and holds client funds to do so. It is a different business from a prop firm, with different obligations and a different relationship to the client.
Funded trader agreement
The contract governing a simulated funded account: what the trader may do, how performance is measured, how payouts are calculated and on what grounds the arrangement can end.
Prop firm challenge
A paid assessment on a simulated account. Reach a virtual profit target without breaking the risk rules and the firm issues a simulated funded account that pays you a share of the gains you generate on it.
Ready when you are
Your capital stays yours.The risk is ours.
One evaluation fee, no time limits and up to 90% of simulated profits. Pick an account size and your credentials arrive by email within minutes.
No subscriptions or hidden fees
Payouts every 14 days
$400,000 max total allocation