Prop Firms
Prop Firm Rules for MT4 and MT5 Traders
Loss limits, profit targets and conduct rules at leading prop firms, checked against each firm's official pages, and the Arka Terminal tools that keep those limits in view on a funded MetaTrader account.
Available for Windows 10 and Windows 11
Rules checked
6 Nov 2026
Against each firm's official pages
Platforms
MT4 · MT5
The accounts Arka Terminal connects
Typical limits
5% / 10%
Daily and maximum loss
Rules Side by Side
Each firm's main two-phase evaluation.
| MetaTrader | Profit targets | Daily loss | Maximum loss | Minimum days | News rule, funded | |
|---|---|---|---|---|---|---|
| FTMO | MT4, MT5 | 10% / 5% | 5% of initial capital | 10%, static | 4 per phase | No orders 2 min either side |
| FundedNext | MT4, MT5 | 8% / 5% | 5% of initial balance | 10%, static | 5 per phase | 40% of profit within 5 min |
| Funding Pips | MT5 | 8% / 5% | 5% of the higher of balance or equity | 10%, static | 3 per phase | Profit deducted within 5 min |
None of these firms offers MetaTrader to US residents. Rules checked 6 November 2026; each firm's page links to its source.
How Prop Firm Loss Limits Work
A $100,000 account with a 5% daily loss and a 10% maximum loss, the most common structure.
- Daily loss
- A floor set at the start of each day and reset every day. Most firms measure it on equity, so floating losses count.
- Maximum loss
- A floor for the life of the account. A static floor stays at the starting level; a trailing floor rises with profit.
- Balance or equity
- Some firms take the day's starting balance, others the higher of balance or equity. A profitable open position can raise the next day's floor.
Typical two-phase evaluation · $100,000 · Illustrative
Daily reset at the firm's server midnight
- Profit target+8% · 108,000
- Starting balance100,000
- Daily loss floor5%
- Maximum loss floor10% · 90,000
- Equity (illustrative)
How Arka Terminal Supports the Rules
Four tools in the terminal map directly to the limits every prop firm sets.
Daily loss
Every Trade Sized From Risk
The full order window opens with 1% of the balance at risk. At a 5% daily limit, that is five full losses before the floor.
- Risk-based sizing
- The stop is set at the recent average true range, the target at twice that distance, and the volume follows from 1% of the balance at risk.
- Pre-trade Check
- Before submission, the check states the loss at the stop in money and as a share of equity, and flags any trade above 1%.
Maximum loss
Aggregate Exposure in One View
Several positions on one symbol can be managed as one, with the total shown before any change is made.
- Group stop line
- One line sets the stop or target for every position on a symbol and shows what they add up to at that price.
- Close by kind
- Close buys, sells, winners, losers or all positions, with the floating P&L and share of the balance shown first.
- Net exposure
- The positions panel nets exposure by symbol across the account.
News rules
Releases Flagged Well Ahead
Most firms restrict trading for 2 to 5 minutes around high-impact news on funded accounts. The terminal flags major releases 15 minutes ahead.
- Release alerts
- A notice 15 minutes before a release rated four stars or above on a symbol with open positions, and again once it is out.
- Releases on the chart
- Releases rated three stars and above sit on the time axis with previous, forecast and actual figures.
- AI previews
- Releases rated four stars and above carry an AI preview before and an AI reading after.
Consistency
Profit Distribution by Day and Week
Best-day and consistency rules depend on how profit is spread. Trading Profile and Daily Review measure it from the account itself.
- Daily P&L
- Daily Review shows net P&L for each of the last seven days, with the day's best and worst trade.
- Weekly rhythm
- Trading Profile shows net P&L for each of the past eight weeks, by session and by symbol.
- Risk flags
- A single loss of three times the average loss, or four consecutive losses, is flagged.
Arka Terminal does not read a firm's limits or close positions on the trader's behalf. These tools make risk visible before and during each trade; compliance with each firm's rules remains the trader's responsibility.
Choosing a Platform at Checkout
Prop firms now offer several platforms. Arka Terminal connects to MetaTrader accounts only, so the platform is decided at purchase.
MT5
Offered by FTMO, FundedNext and Funding Pips outside the United States.
MT4
Offered by FTMO and FundedNext. Funding Pips offers MT5 only.
Other platforms
cTrader, Match-Trader and TradingView accounts cannot be connected to Arka Terminal.
US residents
None of these firms offers MetaTrader to US residents, so Arka Terminal is not available on their accounts.
Frequently Asked Questions
What is a prop firm?
A proprietary trading firm sells evaluations. Traders who reach its profit targets within its loss limits receive a funded account and a share of the profits.
What is a funded account?
An account provided by a prop firm after a passed evaluation. The trader keeps a share of the profits and must stay within the firm's loss limits and conduct rules.
What is the difference between daily loss and maximum loss?
The daily loss limit resets every day from that day's starting value. The maximum loss limit applies for the life of the account, either at a fixed level or trailing the account's high.
Which prop firms offer MT5?
FTMO, FundedNext and Funding Pips all offer MT5 outside the United States. FTMO and FundedNext also offer MT4.
Does Arka Terminal enforce prop firm rules?
No. It does not read a firm's limits or close positions on the trader's behalf. It shows the risk of each trade and of the whole account, and flags major releases in advance.
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Available for Windows 10 and Windows 11
