What does a prop firm need on day one to accept its first trader?
Quick answer
On day one you need a registered business, terms and a refund policy, a website with checkout and a working payment method, a trading platform that can create an account and deliver login details, rules that are enforced automatically, and a way to answer support questions.
Detailed answer
A minimal launch checklist:
- Legal: company, terms of service, privacy policy, refund and payout policy.
- Sales: a website that explains the challenge, a checkout and a payment provider.
- Trading: a terminal for the trader, an account with the right starting balance and rules, and login credentials.
- Rule enforcement: limits checked automatically as prices move, so you are not watching accounts by hand.
- Support: an email address or chat and a short FAQ.
- Payout readiness: a KYC step and a reserve, even if your first payout is weeks away.
Everything in the trading row can be ready within a day on PropExecutor: you create an account type with its rule set, provision accounts in bulk, and hand each trader an Account Number, Password and Server for the terminal.
Test before the first sale
Buy your own challenge through your checkout, receive the credentials, log in, place trades and deliberately approach a loss limit. Walking through the whole journey once reveals broken links, unclear emails and rules that do not behave as your website describes.
PropExecutor team · Updated
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