The terms below are the ones you will run into on PFTrace and on the checkout pages
of the firms listed here.
Discount Code
A promotional code entered at checkout when buying a trading challenge. It reduces
the challenge fee, usually by a fixed percentage.
Standing Code
A discount code that applies year-round rather than for a limited campaign period.
Some firms run one standing code and then add separate short-term promotions on top.
Current Deal
A limited-time offer that is not tied to a reusable code — a discounted challenge,
a fee waiver, or a bonus. Deals come and go, so they carry a shorter shelf life
than standing codes.
Challenge Fee
The amount a proprietary trading firm charges for a funded trading evaluation.
It is the number a discount code acts on.
Last Verified
The date PFTrace most recently checked that a firm's offer was still live. Shown at
the top of every firm page. See
How We Verify.
Expired Code
A code that no longer applies a discount because the firm ended the campaign behind
it. Expired codes are removed from PFTrace at the next daily check.
Prop Firm
A proprietary trading firm: a company that gives traders access to its capital
after they pass an evaluation, in exchange for a share of profits.