Proprietary trading — usually shortened to "prop trading" — means trading with a firm's capital rather than your own money. Instead of funding an account with your own assets, you demonstrate your skill in an evaluation, and once you pass, the firm gives you an account to trade and pays you a share of the profits you generate.
How prop trading works on Omen
You purchase an Omen Evaluation, reach the profit goal for your tier within 30 days without breaching your loss limit, and receive an Omen Funded Account of the same size. From that point on you trade the funded account and withdraw up to 90% of its profits.
Reaching the profit goal is measured on realized profit and loss, so you need enough closed or settled positions to bring your buying power above the profit goal. Your loss limit is measured against equity, which includes the unrealized profit and loss of your open positions — so an open position moving against you can breach the account even if you never close it.
The only money you spend is the evaluation fee. You never deposit trading capital, and Omen never asks you to.
Is the capital real money?
All trading account balances — in both evaluations and funded accounts — consist of simulated capital. Omen does not hold, manage, or trade any of your personal funds. Withdrawals from a funded account are performance-based payments made under the terms of the program, not withdrawals of a balance you deposited. See Trader Fund Holdings & Simulated Capital.