All articles
Guides
The June 2026 Rule-Change Report: What We Found When We Re-Read the Documents
June 2026: 112 material score moves across ~25 firms. The finds that matter — FTMO's equity-basis "static" drawdown, The5ers' first-four payout ramp, CTI's no-cap clearance, and Apex's default-product ruling.
Guides
Prop Firm Payout Caps: The Hidden Math Behind Your Take-Home
The profit split gets the marketing. The payout cap quietly decides your real take-home. Here is how the three cap structures work across the prop-firm set — and how to read the one that actually binds.
Regulatory references
Posts touching prop firms, futures, or live trading reference CFTC, NFA, FCA Register, and the CME Group rulebook for regulatory and product context.