If you have taken on a prop firm challenge, grinded through your trades, managed risk efficiently, and passed – congratulations. That is no small feat. But now you are probably wondering, what’s next? What actually happens after you cross that finish line?
Even if you have not yet taken the challenge or passed it, it is just the beginning of your trading journey. Sure, everyone knows you get access to a funded account after you pass the challenge, but that is not all. Here is a full breakdown of what to expect:
Verification Phase
Many prop firms simply move you along to a funded or demo account once you complete a prop firm challenge, but some have a two-step process. This means that once you pass the first challenge, you will have to enter a verification phase. This phase is usually more relaxed because it is focused on testing consistency rather than profit targets.
The firm wants to make sure that you did not just get lucky and know what you are doing. Keep trading smart. Stick to your strategy. Think of this as a final checkpoint before getting the keys to a funded account.
Getting Funded
Once you have passed all required phases, you are offered a funded trading account. Finally, the real deal. You can now trade with the firm’s capital. Depending on the firm, this capital could be anywhere from $10,000 to $200,000 or more. And because they are trusting you with their cash, they will be watching closely how you use it. Make sure to follow their risk management rules.
Profit Splits and Withdrawals
When you are trading with a funded account, the best part is the profit split. Most prop firms do payouts monthly, weekly, or bi-weekly. Some even offer daily or on-demand payouts if you are consistent. Make sure you meet the minimum trading days, if required. Don’t violate any risk parameters and request withdrawal via the platform’s dashboard or support. This is the point where you are officially making money as a prop trader.
Scaling Plans
Some firms offer scaling plans if you stay profitable over time. If you show consistent performance over a few months, they might increase your account size. More capital means you can make higher profits and earn bigger payouts. Of course, this also means handling more responsibility – but if you are in it for the long term, it is a great perk.
Staying Funded
Even after passing the challenge and getting funded, the work is not over. In fact, staying funded is just as important as getting funded. Remember that you will still need to follow daily and overall drawdown limits., show consistent risk management, and stick to the firm rules. One bad week or reckless trade can get your account revoked. So, don’t let the win get to your head and stay disciplined.
Conclusion
Passing a prop firm challenge is a major milestone, but it is just the beginning. From verification to payouts, scaling opportunities, and everything in between, there is a lot to manage once you are inside the system. Just make sure to trade smart, stay disciplined, and treat the account like it is your own. That is how you turn a challenge win into real income.
