What Is a Funded Trading Account? Complete 2026 Beginner's Guide

A funded trading account is an account funded with a proprietary trading firm's capital that you, the trader, control after passing an evaluation. You take a share of the profits (usually 80-95%) while the firm absorbs the downside. Instead of risking your own $5,000 to trade with $5,000, you pay a small evaluation fee (often $33-$100 for a $5,000 account), prove you can trade to rule, and get access to the firm's balance. SizeProp has granted over $50M in funded capital since launch. This guide walks through every mechanic, every number, and every decision a beginner needs before buying their first challenge.

SizeProp is a crypto prop trading firm founded in October 2025 by Windra Thio, backed by Igloo Inc (parent of Pudgy Penguins), offering $33 entry challenges with same-day USDT payouts and zero denied payouts.

Originally published: April 24, 2026 · Last verified: April 2026 · By Windra Thio, Co-Founder of SizeProp. 10+ years trading crypto derivatives since 2016. Previously founding GTM team at Element Finance (DeFi Fixed Rate protocol, which raised $32M Series A at a $320M valuation led by Polychain Capital, with backing from Andreessen Horowitz / a16z), then Executive Director of the HyperVue Foundation.

Key Takeaways

• A funded account = firm capital + trader skill + profit split. The firm takes strategy risk; you take execution risk.
• You don't deposit the account balance. You pay a one-time evaluation fee. $33 gets you access to a $5,000 crypto account at SizeProp.
• Three common models: evaluation prop (most firms), instant funding (rare, expensive, tight rules), institutional prop (not retail — hired traders only).
• Profits are real USDT. SizeProp has processed 100+ payouts since launch with zero denied.
• Most traders don't pass on the first attempt. The honest version: expect 2-3 tries before funding. The cost of learning is the fee, not your life savings.
• This is the pillar article for the SizeProp educational cluster. Deeper guides on how to get funded and how much funded traders make extend the material here.

What Is the One-Sentence Definition?

100+ payouts processed · zero denied · over $50M in funded capital granted (as of April 2026)

A funded trading account is firm-provided capital granted to a trader who passes a paid evaluation, where the trader keeps 80–95% of profits and the firm absorbs all losses beyond the original entry fee. On SizeProp, fees range from $33 (Degen $5K) to $899 ($100K). Over $50M in funded capital granted across 200+ traders since launching October 2025.

A funded trading account is a trading account where the capital belongs to a proprietary trading firm — not you — and you're given permission to trade it in exchange for a share of the profits.

That's the whole concept. The rest of this article is the mechanics that make the concept workable, fair, and verifiable.

The reason this model exists: there are more skilled traders in the world than there is skilled capital. Banks, hedge funds, and family offices have been pairing capital with traders internally for decades. Retail prop firms take the same structure and open it to anyone — any trader, any country (minus sanctioned jurisdictions), any time — who can prove they trade with discipline inside a defined risk envelope.

If you've ever thought I have an edge, but I'm trading $500 and it's not worth my time, the funded account model is the answer that industry came up with. You front a small fee, prove the edge, and trade real size.

How Does a Funded Trading Account Work End-to-End?

Over $50M in funded capital granted across SizeProp traders (as of April 2026). SizeProp is a crypto prop trading firm founded in October 2025 by Windra Thio, backed by Igloo Inc (parent of Pudgy Penguins), offering $33 entry challenges with same-day USDT payouts and zero denied payouts.

The end-to-end flow runs through five steps: pay the entry fee ($33–$899), pass the evaluation (hit profit target without breaching daily loss or drawdown), complete one-time KYC, receive funded account access, and withdraw profits same-day in USDT. No paperwork beyond KYC, no scaling-period gates before first payout, no minimum trading days on the funded phase. Linear and clean from purchase to payout.

Here's the full life cycle of a funded account from the moment a trader lands on a prop firm's homepage to the moment USDT hits their wallet.

Stage 1 — Sign up

Create an account on the prop firm's site. Email, password, sometimes a username. No identity verification yet (KYC comes later, after you pass). Takes 60 seconds.

Stage 2 — Buy a challenge

Pick an account size and challenge type. On SizeProp, the decision matrix is three products (Degen, 1-Step, 2-Step) across six account sizes ($5K, $10K, $25K, $50K, $100K, and in between). Prices range from $33 (cheapest Degen) to $899 (top-tier 1-Step). Pay by card, Apple Pay, Google Pay, or crypto (USDT, USDC, BTC, ETH, SOL). Account activates instantly.

Stage 3 — Pass the evaluation

Trade the challenge account to the profit target without breaching the drawdown or daily loss rule. On a $5,000 2-Step, the Phase 1 target is typically 8-10% ($400-$500), Phase 2 is 5% ($250), and the drawdown floor is 8% of starting balance ($400). On a Degen, the target is single-phase with tighter rules.

Stage 4 — KYC verification

Once you've passed, submit a government ID and a live selfie through the dashboard. This happens once per trader — if you pass a second challenge later, you don't re-verify. SizeProp processes KYC in minutes to a few hours.

Stage 5 — Funded account issued

The funded account goes live with the same balance, same rules (in percentages), and same exchange access as the challenge you passed. Identical mechanics — no tightened rules, no extended waiting period.

Stage 6 — Trade the funded account

Your first profitable trade on the funded account is your first payout-eligible profit. There's no "scaling period" at SizeProp. No minimum trading days before you can withdraw.

Stage 7 — Withdraw profits

Request a payout from the dashboard. USDT ERC-20 lands in your wallet same-day (24 hours average). No minimum amount, no minimum frequency, no bi-weekly cadence.

That's the entire flow. Sign up, buy, pass, verify, fund, trade, withdraw.

How Does a Funded Account Compare to Personal Capital?

Trading $5,000 of personal capital exposes you to the full $5,000; trading a $5,000 SizeProp Degen exposes you to a $33 fee — the firm absorbs the rest. Personal capital gives 100% of profits but 100% of losses; funded gives 80–95% of profits with losses capped at fee. For a trader with developing edge, funded is materially cheaper risk per dollar of position size tested.

The clearest way to understand a funded account is to compare it to trading your own capital.

The personal-capital route is simpler. If you already have $50,000 in savings and a proven strategy, you probably don't need a prop firm. You buy Bitcoin on Binance, short an altcoin on Bybit, and keep every cent.

The funded-account route is designed for the trader who has a strategy but not the bankroll — or who has the bankroll but doesn't want to risk it while learning. Paying $33 to get a shot at $5,000 is a defined risk. Losing a real $5,000 in a bad week is not.

A real-world example

A trader pays $33 for a Degen $5,000 account on SizeProp. The rules: hit the profit target, don't hit the 3% static drawdown ($150), don't hit the 2% daily loss ($100). They take three trades, net out at a profit above target, pass the challenge, KYC in under an hour, and get a funded $5,000 account.

Best-case week 1 on the funded account: they net 5% ($250). At an 80% split, that's $200 in USDT, paid same-day. The trader spent $33. They got $200 back. Net outcome: +$167, plus a live funded account they can keep trading.

Worst-case: they breach. The challenge closes. They lose the $33. No other personal capital is at risk.

That asymmetric risk envelope — bounded downside, uncapped upside on skill — is the entire reason funded accounts exist.

What Are the Three Types of Funded Trading Accounts?

Three distinct models exist: 1-step evaluation (single phase to target), 2-step evaluation (phase 1 + phase 2 with smaller targets), and instant funding (no evaluation, smaller account, higher fee). SizeProp offers all three: Degen 1-step at $33, 1-Step at $59+, 2-Step at $89+, with no instant-funding tier as of April 2026. Match the model to your trading style and risk tolerance.

Not all funded accounts are the same. Three distinct models exist in the market, and a beginner should know which one they're actually buying.

1. Evaluation prop (what most retail firms offer)

This is the model used by SizeProp, Breakout, FTMO, HyroTrader, FundedNext, and every other major retail prop firm. The trader pays an evaluation fee, passes a challenge with defined rules, and receives a funded account after verification.

Characteristics:

• Low upfront fee ($33-$900 depending on size)
• Tight, published rules (drawdown, daily loss, sometimes time limits and consistency rules)
• Simulated evaluation phase, real money on the funded phase (or hybrid. The firm handles risk management on the backend)
• 80-95% profit split
• USDT or USDC payouts in crypto-native firms; bank wires in traditional firms

2. Instant funding

A rarer, more expensive model. Instead of passing an evaluation, you pay a higher fee upfront and get "instant" access to a funded account. The catch: drawdown rules are much tighter, profit splits are often lower, and daily loss limits can be punishing.

Instant funding is for confident traders who don't want to grind through an evaluation. It's a higher-risk product with a higher ceiling. SizeProp's Degen challenge ($33 for $5,000, single-phase) is positioned as a fast-track alternative — cheap, single-stage, but with tight drawdown discipline.

3. Institutional prop (not retail)

Institutional prop desks are the original model. Firms like Jane Street, SIG, Jump Trading, and dozens of smaller quant shops hire traders as employees and give them firm capital to trade. No evaluation fee. But you need a Master's in math, a CS degree from a top-30 school, and an interview gauntlet.

Institutional prop is not the subject of this guide. When someone in 2026 says "funded trading account," they almost always mean the retail evaluation prop model.

Who Actually Funds the Account?

The prop firm funds the account from its own balance sheet — at SizeProp, that's backed by Igloo Inc, parent of Pudgy Penguins, with hundreds of millions of dollars in liquidity-side capital. Traders trade simulated positions that mirror real exchange execution; the firm's risk teams hedge or absorb the aggregated trader P/L. The capital is real on the firm side; trader exposure caps at the entry fee.

This is the question every beginner asks and most firms answer vaguely. Here's the honest version.

The firm itself is the counterparty. When you pass an evaluation and receive a funded account, the capital on that account belongs to the firm. Your profits come from the firm's balance sheet, not from another trader's losing trades.

How the firm can afford to pay profitable traders is the firm's problem, not yours. Each firm handles internal risk management differently — some manage firm-side risk on real exchanges (trader-side is always simulated prop), some aggregate flow, some use proprietary models. SizeProp sources orderbook data directly from Binance, Bybit, and Hyperliquid, so execution prices track real exchange reference prices. What happens on the firm's books after your order fills is internal risk management.

What you need to know as a trader:

• The capital is real. Your profits are real USDT.
• Payouts are not from other traders' losses. SizeProp has processed over 100 payouts and denied zero since launch. Other firms publish similar numbers.
• The firm's incentive is aligned with yours. A firm that denies payouts dies from social-media exposure within a quarter. Every serious firm publishes payout proof.
• The firm's institutional backing matters. SizeProp is backed by Igloo Inc. The parent company of Pudgy Penguins. Pudgy Penguins is one of the largest consumer crypto brands globally, with Pudgy Toys sold in 3,100+ Walmart locations, in Target, and across 10,000+ retail locations. Igloo Inc is backed by Founders Fund (Peter Thiel's venture fund) and Animoca Brands. Igloo Inc operates Abstract, a consumer-focused Ethereum Layer 2, and the PENGU token is a top-100 cryptocurrency globally. This institutional backing is a direct answer to the "who funds this firm" question.

The Economics: How the Firm Makes Money (and Why That's Fine)

Prop firms profit primarily from the 87–90% of traders who breach before hitting target — challenge fees ($33–$899) cover firm operating costs, and the 5–20% retained from passing-trader splits funds growth. The model is sustainable because it aligns with industry-wide retail trading outcomes (74–89% lose money per ESMA data). Trader-firm incentive alignment is real: the firm only wins when traders trade.

A beginner reasonably asks: if I'm making 80-95% of profits, how does the firm keep the lights on?

Three revenue streams:

1. Evaluation fees from traders who don't pass. Most traders don't pass on their first attempt. Those fees pay for infrastructure, support, and risk capital.
2. The 5-20% profit split on winners. Over time, at scale, a firm with hundreds of funded traders accumulates meaningful revenue from the firm side of each payout.
3. Internal risk management. How this works is the firm's business. Not your business. Not ours to explain publicly.

The point: this is a sustainable business when it's run correctly. Firms that pay out what they owe build trust and grow. Firms that deny payouts die. The prop firm industry is old enough — FTMO launched in 2015, Breakout in 2023, SizeProp in October 2025 — that the dynamics are clear.

Choose Your Account →

Typical Rules on a Funded Account

Six standard rules govern most funded accounts: profit target (8% on Degen, 8–10% across phases on multi-step), daily loss cap (2–5%), max drawdown (3–8%), minimum trading days (0 on SizeProp Degen, 5+ on competitors), allowed instruments, and trading style restrictions. The rules let firms grant capital safely. SizeProp's clean rule set has no consistency rule and no minimum days on Degen.

Every funded account has rules. The rules are what let the firm grant capital to strangers on the internet. Here are the standard ones.

Maximum drawdown

The floor of your account. If your equity (or balance, depending on the firm) drops this far below the starting balance, the account closes permanently. On SizeProp: 3% static (Degen), 7% trailing-till-starting (1-Step), 8% trailing-till-starting (2-Step). Static means the floor never moves. Trailing-till-starting means the floor moves up with your peak balance until you reach the starting balance, then locks.

Daily loss limit

How much you're allowed to lose in a single UTC day. SizeProp: 2% (Degen), 3% (1-Step), 5% (2-Step). Resets at 00:00 UTC. If you hit it, the account closes.

Profit target

How much you need to earn to pass an evaluation. Typically 8-10% on Phase 1 of a 2-Step, 5% on Phase 2, or a single target on a 1-Step/Degen.

Allowed assets

Which instruments you can trade. SizeProp: 100+ crypto perpetual futures from Binance/Bybit/Hyperliquid pairs. FTMO: mostly forex, limited crypto via CFDs. The asset list matters — if you're a crypto-native trader, trading crypto through an MT5 CFD wrapper on a forex-first firm is a frustrating experience.

Leverage cap

Maximum position size per unit of margin. SizeProp: 5x on BTC, 2x on altcoins. Tight by crypto-exchange standards (Binance offers 125x on BTC perps) but appropriate for risk-managed funded accounts.

Hedging / copy trading / bot rules

Most firms restrict hedging (opposing positions on the same pair) and copy trading (mirroring another trader's fills). SizeProp: hedging no, copy trading no, bots allowed via frontend only (no API). Bot-reliant strategies need to check this before buying.

Minimum trading days / consistency rules

Some firms force you to trade a minimum number of days (HyroTrader: 10, FTMO: 4/phase, FundedNext: 2). Some force consistency (no single day can exceed X% of total profit). SizeProp: zero minimum days, zero consistency rule. A trader can pass a Degen on the first trade if the setup allows.

Time limits

Some firms give you a deadline to pass Phase 1 (FTMO historically had 30-day limits). SizeProp: no time limit on any product.

How to Qualify for a Funded Trading Account

Qualifying for a SizeProp funded account on the Degen $5K means hitting an 8% profit target ($400) without breaching the 2% daily loss ($100) or 3% static drawdown ($150) — no minimum days, no time limit. Most traders take 2–3 attempts at $33 each. Pass, complete one-time KYC, receive funded access, and start the same-day USDT payout flow.

The qualification process is the evaluation. Here's what qualifying actually looks like on a SizeProp Degen $5,000 account.

Step 1 — Pay $33, get the account activated instantly.

Step 2 — Open the dashboard. Use the built-in terminal or TradingView integration. 100+ pairs, orderbook from Binance/Bybit/Hyperliquid, sub-millisecond execution.

Step 3 — Trade the account to profit target. The Degen is single-phase. You trade until you hit the target (or breach a rule). No time limit. No minimum days. No consistency rule.

Step 4 — Avoid the 3% static drawdown ($150 on a $5K). Size positions so a loss at your stop doesn't hit 3% below starting balance.

Step 5 — Avoid the 2% daily loss limit ($100 on a $5K). If you're down $100 on the day, stop. The rule resets at 00:00 UTC.

Step 6 — Hit target, close all open positions, complete KYC. That's the pass.

The honest framing: most traders don't pass on the first attempt. Expect to try 2-3 times. Each attempt is $33 on the Degen. The cost of learning the game is $33-$99, not a blown $5,000 trading account.

Profit Splits Explained

Profit splits define the share of trading profit retained by the trader — SizeProp offers 80% base, 90% (+$350 upgrade), or 95% (+$450 upgrade), locked at challenge purchase and permanent for the account life. On $5,000/month profit, the difference between 80% and 95% is $750/month — meaning the $450 upgrade pays for itself in the first month at meaningful payout volume.

The profit split is the percentage of profits you keep. The firm keeps the rest.

SizeProp's ladder: 80% base, 90% mid-tier, 95% top-tier. You upgrade at checkout, not later. The upgrade fees:

• 80% split: included
• 90% split: +$350 at checkout
• 95% split: +$450 at checkout

Here's what the splits look like in dollars on different account sizes at a 5% monthly return:

Math on the upgrade: $450 for 95% vs 80% on a $100K account at 5% monthly is $750 more per month. The upgrade pays for itself in the first successful payout and then some.

The 80% starting tier is already above industry norms. HyroTrader starts at 70%. FTMO's base is 80% but requires hitting scaling plan milestones to reach 90%. FundedNext's 2-step starts at 80%.

How to Choose a Funded Account Firm

Compare firms across six dimensions: entry price, drawdown type, payout speed, profit split, operating history, and product fit (CFD vs perp futures). Verify on-chain payout proof, Trustpilot ratings (100+ reviews), public Discord with active funded traders, and named operators. SizeProp wins on entry ($33), perp fit, and payout speed; FTMO wins on history (since 2014). Match the firm to your trading style and trust threshold.

Ten firms offer crypto funded accounts in 2026. Five of them you've probably seen on Twitter. Here's how to actually compare them.

The five questions that matter

1. Is the drawdown rule balance-tracked or equity-tracked? Balance-tracked (closed trades only) is forgiving of temporary floating losses. Equity-tracked (includes unrealized) can breach you on a single wick move.
2. Is there a minimum trading-days rule? Zero is best for disciplined traders with high-conviction setups. HyroTrader's 10-day minimum forces activity that dilutes your edge.
3. Is there a consistency rule? Consistency rules cap your best day as a percentage of total profit. They protect the firm from lucky outliers but punish the kind of session where a strategy works perfectly.
4. What's the payout speed and method? Same-day USDT (SizeProp) beats 14-day delay (FTMO first payout) beats monthly cadence (some traditional firms).
5. Is the platform native to the asset class? A crypto-first proprietary terminal beats an MT5 CFD wrapper for anyone who actually trades crypto.

The anti-checklist (things beginners overrate)

• Trustpilot score. New firms have low review counts. An old firm with 10,000 reviews and a 4.2 is less meaningful than it looks. Read the 1-stars.
• "As featured in Forbes." Paid placement. Doesn't mean anything.
• Big giveaways. Marketing spend doesn't validate the product.
• The biggest total paid out number. Legitimate, but skewed by firm age. FundedNext's $284M+ reflects four years of scale. SizeProp's figures reflect six months.

Realistic Expectations

Realistic monthly P/L for a funded SizeProp trader runs $300–$3,000 on $5K–$25K accounts and $1,500–$15,000 on $50K–$100K accounts — and that's after the typical 2–3 attempt path to first pass. Most traders breach before hitting target. The 100+ payouts processed since October 2025 came almost entirely from traders who failed multiple challenges before passing. Persistence beats prodigy.

The honest version, not the Instagram version.

Most traders don't pass first attempt

Crypto prop evaluations exist because trading is hard. ESMA's annual CFD statistics from 2018-2024 consistently show 74-89% of retail traders lose money trading leveraged instruments. A prop firm evaluation is a filter designed to weed out the same bad habits — oversizing, revenge trading, no plan — that produce those losses. Most traders fail it. That's the point.

Expect to try 2-3 times. On a $33 Degen, three attempts is $99 total. That's cheaper than a single month of Trading View Pro + a basic indicator pack.

Passing the challenge is not the hard part

The hard part is trading the funded account without breaching it in the first month. Many traders pass the evaluation, get cocky, double size, and breach the funded account in week one. The discipline that got you through the challenge is the exact discipline that keeps the funded account alive.

The people who succeed are boring

Most profitable funded traders take one to three trades a day, follow a defined plan, journal religiously, and quit when the market is chop. They don't post screenshots, don't have Twitter threads, and don't care about being right on social media. They care about being right on the P/L curve.

The upside is real but bounded by skill

If you have a genuine edge and a $5,000 funded account returning 5% a month at 80% split, you're taking home $200/month. That's not life-changing. But scale it: pass a $100K account, consistently return 5%, upgrade to 95%. That's $4,750 a month, net. Stackable across multiple accounts (when multi-account support rolls out). This is where funded trading becomes a real income.

The path is long. But the bounded downside (pay the fee, bound the risk) makes it a path worth walking for anyone who actually has a strategy.

Is It Real Money? Is the Trading Simulated?

The trading is simulated on the trader side — your positions execute against a mirrored exchange feed, not the live exchange — but the firm's hedging, P/L exposure, and payouts are all real money. When SizeProp pays $1,500 USDT into your wallet, that's actual stablecoin from the firm balance sheet. Trader-side simulation protects the trader from real-world capital risk; firm-side reality makes the payouts real.

Two questions every beginner asks. Clear answers.

Is the money real? Yes. Payouts are real USDT. SizeProp has processed over 100 payouts and granted over $50M in funded capital since launch. Zero denied since launch. Largest single payout $8,500+. This is verifiable: payouts land on the Ethereum mainnet, you can check them on Etherscan.

Is the trading simulated? Execution happens against real orderbook data sourced from Binance, Bybit, and Hyperliquid. The prices you trade are the prices on real exchanges. How the firm handles the position after you fill is internal risk management — each prop firm handles this differently, and it's not the trader's concern. What matters for you as a trader: execution is at market prices, drawdown tracking is in milliseconds, and when you close a profitable trade, the profit is real and payable.

The old myth that "prop firm accounts are fake demo accounts" is an artifact of bad prop firms from 2019-2021 that didn't pay out. The 2026 crypto prop industry is different — firms that don't pay get exposed on Twitter within weeks and lose their user base within a quarter. The ones still operating are paying.

Glossary

Drawdown: Maximum allowable loss on a prop account, tracked from starting balance (static), running peak (trailing), or until breakeven (trailing-till-starting-balance).

Profit split: Percentage of profits the trader keeps. Industry standard 80%, up to 95% at SizeProp.

Daily loss limit: Separate loss cap resetting each day at 00:00 UTC.

Perpetual futures (perps): Crypto futures with no expiry. SizeProp trades perps only.

Prop firm evaluation: Paid challenge to hit a profit target without breaching risk rules.

Same-day USDT payout: Withdrawal processed within 24 hours, paid in USDT ERC-20.

Funded account: Account with firm's capital, activated after passing evaluation.

Consistency rule: Cap on single-day profit. SizeProp does not enforce.

Igloo Inc: Parent of Pudgy Penguins (3,100+ Walmart locations). SizeProp investor. Backed by Founders Fund and Animoca Brands.

USDT ERC-20: Tether USD on Ethereum. SizeProp's default payout rail.

FAQ

What is the difference between a funded trading account and a demo account?

A demo account uses fake money with no real profits or losses. A funded account uses real firm capital — when you make a profit, you withdraw real USDT to your wallet. On SizeProp, the evaluation phase is a risk-managed account with real-market execution, and the funded phase is the same with real payouts. A demo has no skin in the game on either side; a funded account has real money on both.

How much money can you make with a funded trading account?

Realistic returns depend on account size, profit split, and consistency. A $5,000 account at 5% monthly and 80% split pays $200/month. A $100,000 account at 5% monthly and 95% split pays $4,750/month. Most funded traders earn somewhere between those numbers. The average SizeProp payout is $300-$500. The largest single payout to date is $8,500+. See our dedicated guide on how much funded traders actually make for deeper math.

Is a funded trading account real money?

Yes. Payouts are real USDT paid to your personal wallet. SizeProp has processed over 100 payouts and denied zero since launching in October 2025. Largest single payout is $8,500+. The capital on the funded account belongs to the firm, but the profit share. The part you take home — is real spendable crypto.

How do you qualify for a funded trading account?

You qualify by passing an evaluation challenge. On SizeProp, buy a challenge ($33-$899), trade to the profit target without hitting the drawdown floor or daily loss limit, complete KYC, and the funded account activates. No credentials, no interview, no degree. Just execution against the published rules. Most traders don't pass first attempt — 2-3 tries is normal.

What happens if you lose money on a funded trading account?

If your account hits the daily loss limit or the maximum drawdown floor, the account closes immediately. You don't owe the firm anything. The losses are on their balance sheet, not yours. Your downside is capped at the evaluation fee. Any profits already withdrawn before a breach stay yours. To return to funded status, pass a new challenge.

How much does a funded trading account cost?

On SizeProp, evaluation fees range from $33 (Degen $5,000) to $899 (1-Step $100,000). The fee is one-time. Profit split upgrades are optional add-ons at checkout — $350 for 90% split, $450 for 95% split. Comparable firms run $50-$1,000 depending on account size. The fee is fully refundable within 24 hours if you haven't placed a trade.

How long does it take to get a funded account?

After passing the challenge, KYC clears in minutes to a few hours, and the funded account activates immediately after. Total time from challenge purchase to funded account depends on how quickly you pass the evaluation. Some traders pass in a day. Most take 2-3 attempts across a few weeks. A 2-Step with phase minimums at other firms takes longer; SizeProp has no minimum trading days.

Can I trade a funded account on mobile?

SizeProp is web-only currently. A dedicated mobile app is on the roadmap. The web terminal is mobile-browser-friendly. Most SizeProp traders actually trade on mobile browsers. Competitor options vary: HyroTrader requires a Bybit account (which has a mobile app). FTMO and FundedNext use MT4/MT5 (native mobile apps).

What's the difference between evaluation prop and instant funding?

Evaluation prop requires passing a challenge before you get funded — cheaper upfront, lower risk, most common model. Instant funding skips the evaluation for a higher upfront fee and usually has tighter drawdown rules and lower profit splits. SizeProp's Degen sits between — it's a single-phase evaluation (fast like instant funding) at a low fee ($33 for $5K) with tight drawdown (3% static).

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Sources & Verification

• SizeProp challenge specs and rules: sizeprop.com/tos
• SizeProp help docs: help.sizeprop.com
• ESMA retail CFD statistics (annual 2018-2024): esma.europa.eu
• TechCrunch — Element Finance $32M Series A
• PRNewswire — Igloo Inc raises $11M from Founders Fund
• Blockworks — Pudgy Penguins Walmart debut