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    Frequently Asked Questions

    Clear, data-backed answers to the most common questions about prop trading firms, funded accounts, cashback programs, and how PropFirmScan helps you save.

    Questions15
    Categories3
    Updated2026

    About Our Prop Trading FAQ

    Browse answers to the most common questions about prop trading firms, funded account challenges, cashback programs, and how PropFirmScan helps you save money. Whether you're wondering how our 2% cashback system works, which firm ranks best for your style, or how to maximize your profit splits, you'll find clear answers below. Currently covering 15 questions across 3 categories — all verified against the latest firm policies as of 2026. Can't find what you need? Reach out to our team directly.

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    PropFirmScan partners with prop firms as affiliates. When you purchase a challenge through our links, we earn a commission from the prop firm. We then share a portion of this commission with you as cashback. This doesn't increase your cost - the price is the same whether you use our link or not. We typically process cashback within 48 hours of purchase verification.

    Most cashback claims are processed within 48 hours after verification. Once approved, payments are sent to your chosen payout method (PayPal, bank transfer, or crypto) within 1-3 business days. You can track your claim status in your dashboard.

    You need to provide: (1) The prop firm you purchased from, (2) Your order/confirmation number, (3) Purchase date, (4) Amount paid, (5) Challenge name. Optionally, you can upload a receipt screenshot for faster processing.

    Yes! If you're purchasing a new challenge, you can use our affiliate links and still receive cashback even if you already have an account with that prop firm. However, cashback only applies to new challenge purchases, not to existing/ongoing challenges.

    Click "Sign Up" in the top right corner, enter your email and create a password. Verify your email and you're ready to start earning cashback on your prop firm purchases!

    After signing in, go to your Dashboard and click "Submit New Claim". Fill in the required information about your prop firm purchase including the order ID, purchase date, and amount paid. Upload your receipt if available, then submit. You'll receive email updates on your claim status.

    Yes! Your dashboard shows all your submitted claims with their current status (pending, approved, or rejected). You can see detailed information including submission date, cashback amount, and any admin notes.

    We support PayPal, bank transfer, and cryptocurrency payments. You can set your preferred payout method in your account settings. Make sure to provide accurate payment details to avoid delays.

    A proprietary trading firm (prop firm) provides traders with capital to trade financial markets. Traders go through an evaluation process (challenge) to prove their skills. Once funded, traders keep a percentage of profits (typically 70-90%) while the firm provides the trading capital and absorbs losses.

    A prop firm challenge is an evaluation process where traders must meet specific profit targets while adhering to risk management rules (like maximum drawdown limits). Challenges typically have 1 or 2 phases. Successfully passing the challenge qualifies you for a funded account.

    1-step challenges require meeting one profit target to get funded, while 2-step challenges have two phases with separate targets. 1-step is faster but usually has stricter rules or higher fees. 2-step gives more time to prove consistency and is generally more beginner-friendly.

    FTMO and Funded Next are excellent for beginners due to clear rules, good educational resources, and supportive communities. Start with smaller account sizes ($10K-$25K) to minimize costs while learning. Check our comparison page for detailed reviews and current cashback offers.

    No! Challenge fees typically range from $100-$600 depending on account size. You can start with a $10,000 challenge for around $100-$150. Plus, with our cashback, you get money back on your purchase. Many challenge fees are also refundable after your first payout.

    Most prop firms support MetaTrader 4 (MT4), MetaTrader 5 (MT5), and some offer cTrader or DXtrade. The specific platform depends on the firm. You can filter by platform on our comparison page to find firms that support your preferred platform.

    It depends on the prop firm. Many firms like FTMO, The5ers, and MyForexFunds allow EAs and automated trading. However, some firms prohibit or restrict them. Always check the specific rules of your chosen firm before starting a challenge.

    Did You Know?

    PropFirmScan's 2% cashback stacks on top of any promotional discount codes from firms — meaning you can save on the already-discounted price. For example, a $200 challenge with a 20% code becomes $160, and our cashback saves you an additional $3.20. See how it works →

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