How transparent should a prop firm be about its rules?

What full transparency looks like:

• Every rule with formula and example.
• Day definition: time zone and reset time.
• Measurement: balance or equity, static or trailing.
• Prohibited strategies with thresholds.
• Payout conditions including KYC and caps.
• Rule history: what applies to accounts bought before a change.

The platform must match the published rules exactly. PropExecutor's rule builder states each rule's calculation in plain language, and the dashboard in the terminal shows traders the same limits the engine applies.

Example

Instead of "5% daily drawdown", publish: "Equity may not fall more than 5% below the day's opening value, which is the higher of your balance and equity at 00:00 UTC. Open positions count." The second version answers the questions traders would otherwise ask support.

Transparency about changes

Publish a short changelog of rule changes with dates. Traders who can see that the firm changes rules openly, and only for new purchases, trust the rules they bought.