Risk warning CFDs are complex instruments. 74–89% of retail investor accounts lose money when trading CFDs.

Module 16 — Prop Firms and Funded Accounts

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About Course

Module 16 is an optional specialisation with 14 lessons on retail “funded account” challenges. There is little independent data on this industry, so the lessons rely on regulators (Italy’s Consob warning of July 2024, the CFTC’s 2023 enforcement action against “My Forex Funds”) and on course simulations of challenge rules. Firm names and rules change often, so check each firm’s current terms yourself.

Level: Intermediate–Advanced · Before this: Modules 9, 11 and 13.

Course Content

Part 1 — How challenges work

  • Lesson 16.1 — Retail “funded accounts” vs traditional prop desks
  • Lesson 16.2 — Phases, profit targets and time limits
  • Lesson 16.3 — Daily loss limit, static drawdown and trailing drawdown
  • Lesson 16.4 — Why trailing drawdown is harder than it looks
  • Lesson 16.5 — Other common rules
  • Lesson 16.6 — Profit splits, payouts and scaling

Part 2 — Business model, risks and the decision

Module quiz and sources

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