Funding Pips News Trading Rules Explained: The 5-Minute Blackout Window in 2026

A single economic release can turn a carefully managed prop-firm trade into a rule violation if the timing is wrong.

That is why news trading rules deserve more attention than a simple “news trading allowed” or “news trading prohibited” label.

For Funding Pips traders, the key detail in 2026 is the 5-minute blackout window around restricted high-impact news. On applicable Master Accounts, profits from trades opened, closed, or held within the restricted window around high-impact news on the affected currency may be deducted. There is also a separate 10-minute window around restricted speeches.

There is an important exception.

A trade opened five hours or more before the relevant high-impact event or speech is excluded from the restriction. That is the Funding Pips “5-Hour Rule,” designed to distinguish an established swing position from a trade deliberately opened close to a news release.

The distinction matters because a trader can be holding a position through news without necessarily violating the rule. The timing of the original entry, the timing of the exit, the affected currency, and the exact account model all matter.

This guide explains the current Funding Pips news trading rules, how the five-minute window works, what happens to profits, how the five-hour exception works, and how the rules compare with The5ers, another active prop firm with a different approach to news execution.

2026 accuracy note: Funding Pips’ rules can vary by account model and may be updated. This article uses the current publicly available Funding Pips documentation checked in September 2026. Traders should verify the rules displayed for their specific account before trading around a scheduled release.

Funding Pips News Trading Rules: What Does the 5-Minute Blackout Window Mean?

The short answer is that Funding Pips does not treat every trade held through news in the same way.

For applicable Master Accounts, the restricted high-impact-news window runs from 5 minutes before the release until 5 minutes after it. Restricted speeches use a longer window: 10 minutes before the speech starts through 10 minutes after it ends.

The rule is important because the restriction is not limited to intentionally opening a trade immediately before an announcement.

Funding Pips’ current documentation says profits from trades opened, closed, or held within the restricted window around high-impact news and speeches on the affected currency may be deducted.

Can you trade during high-impact news on Funding Pips, and when does the 5-minute restriction apply?

The answer depends on the stage of the account.

Funding Pips states that purposely trading news is prohibited in both the Evaluation and Master phases and can lead to account closure. On the Master Account, traders can hold positions through news, but specific restrictions apply to trades opened or closed around restricted high-impact events.

For a standard restricted high-impact event, think of the window like this:

News release: 15:30

The precise interpretation should always be checked against the current account rules and the event’s timestamp in the official Funding Pips calendar.

The important point is that five minutes before and five minutes after is a 10-minute restricted period surrounding the release, not five minutes total.

This distinction is easy to misunderstand when reading a short description of the rule.

Funding Pips also identifies the affected currency as relevant to the restriction. Its current example explains that if a restricted event affects USD, trades involving USD-related pairs can be affected.

That means traders should not think only about the exact currency pair they are watching.

For example, a major USD release may have implications for:

• ●EUR/USD
• ●GBP/USD
• ●USD/JPY
• ●USD/CHF
• ●AUD/USD
• ●USD/CAD
• ●NZD/USD

The exact application should be determined from the event and the account’s current rules.

Internal-link opportunity: A Prop Firm Insider guide on prop firm news trading rules can naturally link here, followed by more detailed articles covering economic calendar trading, drawdown management, and high-impact news risk.

Does the 5-minute window apply to opening, closing, or holding positions during major economic releases?

This is where Funding Pips’ rules become more nuanced.

The current Master Account documentation says profits from trades opened, closed, or held within the restricted window around high-impact news may be deducted.

So it is not enough to think:

“I opened the trade earlier, so I can close it whenever I want.”

That assumption can be wrong unless the five-hour exception applies.

The current Funding Pips explanation gives the following distinction:

• ●A trade opened less than five hours before the event can have its profits excluded if it is closed during the restricted window.
• ●A trade opened five hours or more before the event is excluded from the restriction and can be closed inside the restricted window with profits counting.
• ●Partial closing can also trigger the news-trading flag.

This creates two separate concepts:

Holding through news and trading the news are not necessarily the same thing.

A swing trader may have entered a position several hours before CPI and simply still be holding it when CPI is released.

A news trader might enter immediately before CPI because the trader expects volatility.

Funding Pips’ five-hour rule is designed to distinguish these situations.

Funding Pips News Trading by Account Type and Trading Phase

Funding Pips has multiple account models, and the exact rules should be checked against the model attached to the account.

This is particularly important in 2026 because the firm’s published documentation has been changing as newer account structures and reward systems are introduced.

Are news trading rules different for 1 Step Flex, 2 Step Standard, 2 Step Flex, and 2 Step Pro accounts?

The underlying news restriction is broadly similar across the applicable evaluation/master structures, but other trading rules differ between models.

Current Funding Pips documentation for the 1 Step Flex states that profits from trades opened, closed, or held within the restricted high-impact news or speech window on the affected currency may be deducted. It also explicitly describes the five-hour swing-trader exception.

The current 2 Step Standard documentation shows that the model itself has changed during 2026. For example, the former 10% Phase 1 profit target was discontinued effective July 24, 2026, while the current documentation reflects updated rules and reset treatment.

The 2 Step Flex model also has current reward and consistency conditions that have changed during 2026. Its current documentation states that a monthly 100% split applies to eligible evaluation accounts purchased from August 15, 2026, with a 35% consistency requirement and seven qualifying profitable days for that monthly reward cycle.

The 2 Step Pro model likewise has updated minimum trading-day requirements for newer accounts. Funding Pips states that accounts purchased or reset on or after August 26, 2026 require two minimum trading days in each phase.

The practical lesson is important:

Do not assume that an old Funding Pips review describes the current account rules.

A trader researching news trading should check at least four things:

1. ●The exact account model.
2. ●Whether the account is in evaluation or Master.
3. ●The date the account was purchased or reset.
4. ●The current rules shown in Funding Pips’ help center and dashboard.

A useful editorial comparison table for a Prop Firm Insider article should therefore avoid presenting historical rules as current ones.

The news rule should therefore be read as part of the entire account specification rather than as an isolated sentence.

What happens when you trade around high-impact news on a Funding Pips Master account?

The most important consequence is usually profit deduction.

Funding Pips says profits from trades opened, closed, or held within the restricted window around high-impact news on the affected currency may be deducted. It also warns that deductions can have knock-on effects if they cause the account to breach its daily-loss or maximum-loss limits.

Consider a simplified example.

A trader has a Master Account and makes $800 from a trade that is opened inside the restricted news window.

The trade closes profitably.

The account may not simply retain that $800 as qualifying profit.

Under the published rule, the profit may be deducted.

Now consider a more dangerous scenario.

The trader’s equity is already close to the account’s maximum daily loss threshold. A high-impact announcement causes the open position to move sharply against the trader.

Even if the trader did not deliberately trade the news, the resulting equity loss can still cause a risk-limit breach.

Funding Pips’ current trading-mechanics guidance emphasizes monitoring equity rather than balance when positions are open because floating losses can affect the account’s risk limits in real time.

This is a crucial distinction:

A news rule violation and a drawdown breach are different problems.

A trader can avoid intentionally trading news and still lose an account if a pre-existing position moves far enough to breach the applicable risk limit.

That is why position sizing matters even when news trading itself is not the strategy.

Funding Pips 5-Hour Swing Trader Exception and News Trading Examples

The five-hour exception is one of the most important parts of the Funding Pips news policy because it changes how established swing positions are treated.

A trader who opened a position well before a scheduled release is not necessarily treated the same way as a trader who opens the position shortly before the release.

How does the 5-hour rule work if a position was opened well before a high-impact news release?

The current Funding Pips rule states that trades opened five hours or more before a high-impact event or speech are excluded from the news restriction and can be closed inside the restricted window with profits counting.

Consider this example:

• ●CPI release: 15:30
• ●Trade opened: 09:00
• ●Time between entry and news: 6 hours 30 minutes
• ●Trader closes the position: 15:28

The position was opened more than five hours before CPI.

Under the published swing-trader exception, the profit can count even though the closing order occurs inside the normal restricted news window.

Now change the entry time:

• ●CPI release: 15:30
• ●Trade opened: 13:00
• ●Time between entry and news: 2 hours 30 minutes
• ●Trader closes: 15:28

This position does not meet the five-hour exception.

Funding Pips states that profits from trades opened less than five hours before the event will not count if they are closed during the restricted window.

The distinction is therefore based on the age of the position.

This is particularly relevant for:

• ●swing traders;
• ●position traders;
• ●multi-session strategies;
• ●traders holding through scheduled economic releases;
• ●traders who do not want to close every position before major news.

It is less relevant to a trader whose strategy deliberately enters shortly before a release.

The five-hour rule should not be interpreted as permission to intentionally trade news.

Funding Pips explicitly states that purposely trading news is prohibited.

The safest interpretation is that the exception protects legitimate pre-existing positions rather than creating a loophole for news-event strategies.

What happens if you open, partially close, or fully close a trade inside the restricted news window?

This is an area where traders can make an avoidable mistake.

The current Funding Pips documentation specifically states that closing any partial orders can affect the entire order and lead to a news-trading flag.

That means partial profit-taking should not be treated as automatically harmless.

For example:

A trader opens EUR/USD at 10:00.

A restricted USD event is scheduled for 15:30.

The trader has not yet reached the five-hour threshold.

At 15:28, the trader closes half of the position.

At 15:32, the trader closes the remaining half.

Both actions occur inside the restricted period.

The trader should not assume that only the portion closed after the release matters.

The account’s rules can treat the partial closing as part of the restricted trade activity.

Pending orders require similar caution.

A pending order may have been placed hours before the news, but the important question is when the order actually executes.

Funding Pips’ documentation states that its news restriction applies to forms of trade execution including manual orders, pending orders, stop-loss and take-profit orders in the relevant rule framework.

That creates an important distinction:

Order placement time is not necessarily execution time.

A trader can place a pending order before the five-minute window and still have it trigger inside the restricted period.

That is one reason traders who do not want news exposure should review pending orders before major releases.

Funding Pips News Calendar, Speeches, and What Counts as Restricted News

Knowing that a five-minute window exists is not enough.

You also need to know which events are considered restricted and which calendar should be used to identify them.

Funding Pips currently directs traders toward the Economic Calendar available through its dashboard for its news rules. Its documentation identifies restricted high-impact events and speeches as the events subject to the relevant restrictions.

Which economic events are covered by Funding Pips’ news trading restrictions, and which calendar should traders use?

The safest approach is to use the Funding Pips Economic Calendar associated with the trading dashboard rather than relying solely on a third-party calendar.

Older Funding Pips terms referenced Forex Factory as the news-calendar source, while the current help documentation emphasizes the Funding Pips Economic Calendar.

That change illustrates why traders should prioritize the current rules attached to their account.

Typical high-impact events can include releases such as:

• ●U.S. CPI;
• ●U.S. Nonfarm Payrolls;
• ●FOMC decisions;
• ●central-bank interest-rate decisions;
• ●major employment releases;
• ●major inflation data;
• ●important GDP releases.

But traders should not build a compliance strategy from the event name alone.

The event must be checked against the calendar and the account’s current restrictions.

For example, a trader might know that CPI is normally considered a major market event. That does not replace checking the actual scheduled release, affected currency, event classification and server time.

The current Funding Pips documentation says the restriction is applied to the affected currency.

This means currency exposure matters.

Suppose a USD event is restricted.

A trader holding EUR/USD is clearly exposed to USD.

But the trader should not assume that a different instrument is automatically outside the rule simply because the instrument’s name does not contain USD.

The exact application should be confirmed against Funding Pips’ current rules.

This is also why a good news-trading workflow begins with the calendar before the trading session.

A simple routine is:

1. ●Open the Funding Pips Economic Calendar.
2. ●Identify restricted high-impact events.
3. ●Note the scheduled time.
4. ●Identify the affected currency.
5. ●Check all open positions.
6. ●Check pending orders.
7. ●Calculate the five-hour threshold for existing positions.
8. ●Review available drawdown before the event.
9. ●Decide whether exposure is acceptable.
10. ●Avoid deliberately entering around the release.

This takes minutes but can prevent a rule misunderstanding.

Are speeches treated differently from high-impact economic releases, and how long is the speech restriction?

Yes.

Funding Pips currently distinguishes high-impact news releases from restricted speeches.

For high-impact news, the standard restricted window is:

5 minutes before → event → 5 minutes after

For restricted speeches, the current rule is:

10 minutes before the speech begins → speech ends → 10 minutes after the speech ends.

That means a speech can produce a much longer practical restriction than a standard scheduled data release.

Suppose a restricted speech begins at 14:00 and ends at 14:25.

The relevant restricted period can extend from 13:50 until 14:35.

That is substantially longer than the normal 10-minute total window around a point-in-time release.

The five-hour exception remains important here.

A position opened at least five hours before the relevant event or speech can fall outside the restriction under the current swing-trader rule.

However, traders should not interpret that as permission to enter five hours before a speech specifically because they want to trade its volatility.

The firm’s broader rule still prohibits purposely trading news.

The purpose of the exception is to distinguish a pre-existing swing position from a deliberately timed news trade.

The5ers vs. Funding Pips News Trading Rules: How Do the Restrictions Compare?

Comparing prop-firm news rules is useful because “news trading allowed” can mean very different things from one firm to another.

The5ers and Funding Pips both allow certain existing positions to remain open through news, but their execution windows are different.

Funding Pips uses a five-minute high-impact news window on applicable accounts, while The5ers High Stakes currently prohibits execution from two minutes before until two minutes after a high-impact event.

How does Funding Pips’ 5-minute blackout compare with The5ers High Stakes 2-minute news execution restriction?

The simplest comparison is:

The5ers’ current High Stakes news guidance is unusually explicit about the difference between placing an order and having it executed.

A pending order placed well before an event can still be considered a news trade if it triggers inside the restricted two-minute window.

For example:

• ●CPI: 15:30
• ●Buy Stop placed: 12:00
• ●Buy Stop triggers: 15:29

The order was placed hours earlier.

But its execution happened inside the restricted period.

The5ers states that such an execution is treated as news trading.

Funding Pips has a different five-hour framework that can protect certain established trades.

This makes the two systems interesting for different trading styles.

A trader who frequently holds positions through scheduled events should study both the entry timing rule and the exit timing rule, rather than simply searching for “news trading allowed.”

How do The5ers news rules, drawdown framework, overnight holding, and long-term scaling approach affect traders who regularly trade around economic events?

The5ers High Stakes currently allows traders to hold open positions through high-impact news, but prohibits order execution from two minutes before through two minutes after high-impact news. The firm states that profits generated from orders executed during that restricted window are deducted, while losses remain the trader’s responsibility.

That structure sits inside a broader risk framework.

Current High Stakes rules provide:

• ●10% maximum loss;
• ●5% daily loss;
• ●at least three profitable days;
• ●no fixed evaluation time limit;
• ●overnight holding;
• ●weekend holding;
• ●high-impact-news holding with execution restrictions;
• ●scaling toward $500,000.

For traders who regularly hold positions around macroeconomic events, the no fixed evaluation deadline can also affect psychology.

There is less reason to manufacture a trade simply because an evaluation clock is approaching.

The current High Stakes structure allows unlimited evaluation time, subject to inactivity rules. Evaluation accounts expire after 30 consecutive days without activity, while funded accounts have a 60-day inactivity limit.

That can be relevant for a strategy that waits for specific market conditions.

The scaling framework is another important difference.

The5ers currently describes High Stakes scaling at 10% profit milestones, with the pathway reaching $500,000. The published structure also shows profit-share progression from 80% at lower stages toward higher splits, with 100% profit share plus fixed payout structures at specified higher levels.

For a trader focused on longevity, this changes the question from:

“Can I pass the evaluation?”

to:

“Can I operate this strategy consistently as the account grows?”

That is a more useful long-term question.

The5ers also currently provides funded traders with withdrawal access every 14 days under the High Stakes rules.

For traders building a longer-term account plan, payout frequency, drawdown and scaling should therefore be considered together.

The news rule is only one piece of that framework.

How to Manage Risk Around the Funding Pips News Trading Window

The safest way to approach high-impact news is not to try to predict exactly what the market will do.

The more useful objective is to control what can happen to the account if volatility suddenly increases.

How should traders adjust stops, position size, and exposure before CPI, NFP, FOMC, and other high-impact releases?

Start with exposure, not the news prediction.

Suppose a trader has a $100,000 simulated account and a maximum daily loss of 5%.

That does not mean the trader should risk 5% during a CPI release.

A 5% limit is an account protection threshold, not a recommended trade size.

A more disciplined process is:

1. Identify the event

Check the official Funding Pips Economic Calendar.

Determine:

• ●event;
• ●scheduled time;
• ●affected currency;
• ●whether it is restricted;
• ●whether it is a speech;
• ●duration of the speech if applicable.

2. Calculate the blackout window

For standard high-impact news:

T − 5 minutes to T + 5 minutes

For restricted speeches:

10 minutes before the speech begins through 10 minutes after it ends.

3. Check every open position

Do not review only the pair you intend to trade.

Look at the entire portfolio.

A trader may have multiple positions whose risk is correlated with the same currency.

4. Check pending orders

This is easy to overlook.

A pending order can execute automatically while the trader is watching something else.

If the strategy is not supposed to trade the news, pending orders around the event need to be reviewed.

5. Calculate the five-hour threshold

For each established position, determine whether it was opened at least five hours before the event.

That may affect whether the trade qualifies for the swing-trader exception.

6. Check equity

Funding Pips’ trading guidance emphasizes monitoring equity when positions are open. Floating P/L can affect risk thresholds before the trade is closed.

7. Reduce unnecessary correlation

If three positions are effectively expressions of the same USD view, they should not be treated as three independent risks.

For example:

• ●long EUR/USD;
• ●long GBP/USD;
• ●short USD/JPY.

These positions can all respond to the same broad USD move.

The account does not care that the trades have different ticket numbers.

The risk is still connected.

8. Do not increase size to “make up” for a missed news trade

If a trader deliberately avoids the restricted period and subsequently feels that an opportunity was missed, increasing position size afterward can create a second risk.

The objective of a prop evaluation is not to capture every market movement.

It is to remain within the account’s rules while executing the strategy consistently.

What mistakes can cause a Funding Pips news-trading violation even when a trader did not intend to trade the news?

Several mistakes occur because traders think about intention rather than execution.

The rule system is concerned with what happened to the trade.

Common problems include:

Mistake 1: Opening shortly before the event

A trader sees a setup developing and enters four minutes before CPI.

The trade is now inside the restricted period.

Mistake 2: Closing shortly after the release

A trader entered two hours before CPI and assumes the position is automatically safe.

It does not meet the five-hour exception.

The trader closes shortly after the release.

The profit can be subject to deduction.

Mistake 3: Partial closing

A trader closes half the position during the restricted period.

Funding Pips specifically warns that closing partial orders can affect the entire order and lead to a news-trading flag.

Mistake 4: Pending order execution

A trader places a pending order well before the event.

The order triggers during the restricted period.

The trader assumes the order was “placed” outside the window.

That is not a safe assumption because execution timing matters.

Mistake 5: Ignoring speeches

A trader remembers the five-minute rule but overlooks a central-bank speech.

The speech restriction is longer: 10 minutes before the speech begins through 10 minutes after it ends.

Mistake 6: Looking only at balance

A trader sees a positive account balance but ignores floating losses.

A sharp news move pushes equity toward a risk limit.

Funding Pips specifically advises traders to monitor equity because it represents the account’s real-time value while positions are open.

Mistake 7: Assuming every Funding Pips account has identical rules

This is particularly dangerous in 2026.

Funding Pips has updated account models, reward structures and minimum trading-day requirements during the year.

The exact account and purchase/reset date can matter.

A Practical Funding Pips News Trading Checklist

Before a major release, a trader can use this short checklist.

Before the event

• ●Check the Funding Pips Economic Calendar.
• ●Identify restricted high-impact releases.
• ●Identify restricted speeches.
• ●Note the affected currency.
• ●Record the exact server-time release.
• ●Review all open trades.
• ●Review pending orders.
• ●Calculate each position’s entry age.
• ●Check whether the five-hour exception applies.
• ●Check current equity.
• ●Check daily-loss room.
• ●Check maximum-loss room.

During the event

Avoid deliberately entering or closing trades inside a restricted window unless the account’s rules clearly permit the specific action.

Do not assume that volatility itself is a trading opportunity that overrides the account rules.

After the event

Before returning to normal trading:

• ●confirm the restricted period has ended;
• ●check whether a speech has actually finished;
• ●review pending orders;
• ●verify that no automated order triggered unexpectedly;
• ●check account equity;
• ●check whether any profit deduction has occurred.

This is especially important for automated strategies.

A system can execute an order without the trader consciously clicking anything.

The trader remains responsible for understanding the account rules.

Funding Pips News Trading vs. The5ers: What Is the Bigger Difference?

The most important difference is not simply five minutes versus two minutes.

It is the logic behind the exception structure.

Funding Pips provides a five-hour exception for established positions. A trade opened at least five hours before the relevant event can be closed inside the restricted window with its profits counting under the current rule.

The5ers High Stakes uses a shorter two-minute execution restriction but does not present the same five-hour exception in its current news-trading guidance. It instead focuses on whether an order actually executes inside the restricted period.

That distinction can matter depending on the strategy.

For swing traders

Funding Pips’ five-hour exception is particularly relevant because it explicitly addresses established positions.

The5ers High Stakes also allows existing positions to remain open through news, but the trader needs to understand the two-minute execution restriction.

For intraday traders

The timing of entries and exits becomes more important.

A trader entering minutes before CPI needs to understand the applicable Funding Pips restriction.

A trader using pending orders around news needs to understand The5ers’ execution-based rule as well.

For longer-term traders

The broader program structure becomes increasingly important.

A news rule may influence one trade.

A scaling framework, drawdown model and payout cycle can influence hundreds of trading decisions over the life of an account.

That is why Prop Firm Insider’s comparison framework should treat news rules as one part of a larger evaluation covering:

• ●drawdown;
• ●consistency;
• ●scaling;
• ●payout frequency;
• ●profit splits;
• ●evaluation flexibility;
• ●overnight holding;
• ●trader development.

For The5ers, that broader structure is particularly relevant.

Current High Stakes rules combine a two-step evaluation with unlimited evaluation time, 5% daily loss, 10% maximum loss, overnight and weekend holding, biweekly funded withdrawals and scaling toward $500,000.

The program also has multiple account-growth milestones and higher profit-share stages as the account scales.

That creates an educationally useful distinction:

Funding Pips’ five-hour rule is a specific news-trading mechanism. The5ers’ High Stakes structure is a broader account-development framework in which news execution is only one component.

Neither approach should be treated as universally suitable.

The right choice depends on how a trader manages volatility, how often positions remain open through economic releases, and what the trader values in a longer-term prop account.

What Traders Should Verify Before Trading the Next Major News Release

Prop-firm rules change.

Funding Pips has already made several rule updates during 2026, including changes affecting account models, minimum trading days and reward conditions.

That makes an old article potentially misleading even when it was accurate when published.

Before every major event, traders should verify:

1. ●The exact account model
2. ●Evaluation or Master stage
3. ●Current news-trading rule
4. ●Current speech rule
5. ●Five-hour exception
6. ●Affected currency
7. ●Server time
8. ●Open-position timing
9. ●Pending-order exposure
10. ●Current daily-loss threshold
11. ●Current maximum-loss threshold
12. ●Any model-specific reward or consistency requirement

This is especially important for traders who purchased an account under older terms.

The current Funding Pips documentation contains several date-specific changes. For example, new 2 Step Pro accounts purchased or reset from August 26, 2026 require two minimum trading days per phase, while the 2 Step Standard documentation records the end of the former 10% Phase 1 target from July 24, 2026.

The same principle applies to The5ers and other prop firms.

Always check the current official rules for the exact program rather than relying on a generic “news trading allowed” label.

Summary: Understanding the Funding Pips 5-Minute Blackout Window

The Funding Pips news rule is easier to understand when it is separated into several pieces.

First, the standard high-impact news window is five minutes before through five minutes after the release.

Second, restricted speeches have a longer window: ten minutes before the speech begins through ten minutes after it ends.

Third, the current Master Account rules allow positions to be held through news, but profits from trades opened, closed or held within the restricted window may be deducted.

Fourth, the five-hour swing-trader exception is important. Trades opened at least five hours before the relevant event can be excluded from the restriction, allowing them to be closed within the restricted window with profits counting.

Fifth, purposely trading news remains prohibited.

The five-hour rule should therefore not be treated as a way to manufacture a news trade.

It is better understood as protection for an established position that happens to remain open when an economic release occurs.

Traders also need to watch for partial closes, pending-order execution and floating equity.

A trade can appear harmless on the balance screen while its floating P/L creates a serious risk to the account.

The comparison with The5ers is also useful.

The5ers High Stakes currently allows positions to remain open through high-impact news but uses a shorter two-minute execution restriction. It also combines that news framework with a 5% daily loss limit, 10% maximum loss, no fixed evaluation deadline, overnight/weekend holding, biweekly funded withdrawals and scaling toward $500,000.

For traders comparing prop firms, that broader structure matters.

News rules affect individual trades.

Drawdown rules, payout mechanics, scaling milestones and evaluation flexibility affect the entire trading process.

The most useful approach is therefore not to ask whether a firm “allows news trading.”

Instead, ask:

What exactly happens if I open, hold, close or partially close a position around a restricted event—and how does that rule interact with my drawdown, payout and scaling plan?

That question produces a much more realistic picture of whether a prop-firm account fits a particular trading strategy.

For more prop firm comparisons, scaling guides, payout analysis, and trader education, explore Prop Firm Insider.