How to read prop challenge terms

Prop-firm challenges look alike, but the details decide fates. The four main points of every contract:

The four key points

• Loss limits: daily and total. How is the daily one measured — equity or balance?
• Profit target: how much, over what period? A compressed target usually demands more risk.
• Restrictions: lot caps, news trading, overnight holds, hedging.
• Payout rules: your share and payment timing after passing.

In the PAMM Iran prop evaluation, the challenge runs on your own account at your own broker — the result is verifiable, not the claim of a distant firm.

Full terms: prop evaluation and its guide.

Frequently asked questions

How is the PAMM Iran prop challenge different from foreign firms? The challenge runs on your own account at your own broker; the result is verifiable, not a distant company’s claim.

What is the daily loss limit based on? The calculation basis (equity or balance) is written in that evaluation round’s terms — the text is the basis, not the ad.

Are there style restrictions? Each round’s restrictions (news, overnight, hedging) are published before the start.

What happens if I fail the prop evaluation? It depends on that round’s terms: some rounds allow another attempt under stated conditions. More important is reading why you failed; the evaluation is exactly where your risk plan’s weaknesses surface, and that information is the capital for your next attempt.

Next step

For what comes after passing, read the next article in this category; official terms are on the prop evaluation page.

The four points of every prop contract

• Daily and total loss limits — on what basis?
• Profit target and deadline — compressed or realistic?
• Restrictions: lots, news, overnight, hedging
• Payout rules after passing
• The contract text is the basis, not the ad

PAMM Iran prop-evaluation terms: See it.