Industry Analysis·5 min
Why Some Firms Don't Publish Pass Rates — and What That Tells You
Pass rate disclosure is voluntary. When a firm chooses not to publish, there is usually a reason. Here is what the data shows.
Why would a prop firm choose not to publish its pass rate?
Firms that don't publish are usually hiding unfavorable numbers. Industry averages suggest pass rates below 15% are common.
Is there any legitimate reason to withhold pass rates?
Some newer firms argue they don't have statistically significant data yet. Others claim their data is 'proprietary.' Neither excuse holds up.
What does a disclosed pass rate tell you about a firm?
It signals transparency and confidence. Disclosure correlates with clearer ToS and faster payout processing.
How should non-disclosure affect your decision?
At minimum it should be a yellow flag. Compare the non-disclosing firm against those who do publish.