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Prop Firm Rules

In the prop trading industry, rules can vary significantly from one firm to another based on their risk management policies. This section provides key rules for each firm and highlights any significant rule changes along with the specific dates of those changes.

Rules43

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News Trading

  • Orion Nova, Standard & Orion Select: News trading is allowed during evaluation phases. On funded accounts, opening, closing, or modifying trades is prohibited 2 minutes before and 2 minutes after high-impact news events.
  • Orion Swing: News trading is fully allowed with no restrictions.
  • Orion Zero: News trading is allowed. However, trades opened or closed within 5 minutes before or after a high-impact news event are subject to a 50% reward split instead of the standard 80% split.

Copy Trading

  • Copy trading is allowed only between accounts owned by the same trader within Orion Funded. External copy trading services, third-party tools, or trade replication between different account holders are strictly prohibited.

Expert Advisor

  • Expert Advisors are allowed as long as they comply with Orion Funded's trading rules. EAs or automated systems used for prohibited strategies, system abuse, latency exploitation, ultra-fast execution, or unfair trading advantages are not permitted.

Inactivity Rule

  • Accounts with no trading activity for 30 consecutive calendar days may be classified as inactive, deactivated, or terminated.

Prohibited Practices

  • Gap trade: open trades specifically to exploit price gaps in either of the following situations:
    • when major global news, macroeconomic events, or earnings releases are scheduled that may affect the relevant market; or
    • within 2 hours of a relevant market closing for at least 2 hours
  • Circumvent the Best Day Rule: strategies that artificially distribute profit across multiple days without proportionally distributing market risk
  • Overload the server with automation: EAs or robots that generate more than 2,000 server requests per day (orders opened, modified, or closed) are not permitted
  • Exploit platform errors: knowingly or unknowingly use strategies that take advantage of price display errors, delayed price updates, or slow or external data feeds
  • Coordinate manipulative trades: perform trades alone or with others, including across connected accounts or accounts held with other providers, for manipulative purposes, such as simultaneously holding opposite positions across different accounts (holding opposing positions within a single account is permitted)

Risk Management Rules

  • Your trading needs to reflect how a reasonable person would manage risk on a real account. The following are not considered standard market risk management:
    • Opening position sizes that are substantially larger than your other trades
    • Opening substantially more or fewer positions than your normal pattern
    • Repeatedly increasing risk per trade in ways that build cumulative exposure in a single symbol or correlated symbols

Less than

20 reviews

$50OFF

No firm rules have been provided.

Less than

20 reviews

No firm rules have been provided.

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