Hidden trading rules often matter more than profit splits. Compare drawdown and payout rules before buying a challenge. HONG KONG, July 29, 2026 — Velotrade today released its 2026 Prop Firm Transparency Report, a comparative review of the published rulebooks of six proprietary trading firms, Topstep, FTMO, FundingPips, Blue Guardian, HyroTrader and Velotrade. Consistency rules: evaluation, funded, or both? About VelotradeVelotrade is a proprietary trading firm offering funded trading challenges across crypto, forex, stocks, indices and commodities, built around a single, fully published rulebook and a fixed drawdown model.