Prop Firms with No Minimum Trading Days (2024)

FAQs

Prop Firms with No Minimum Trading Days? ›

Which prop trading firm has no minimum trading days limitation? the5ers, SabioTrade, SurgeTrader are some of the best options for traders who want to trade with no minimal trading day rule.

Experience the Exclusiveness of Working with Prop Firms with No Minimum Trading Days. If you want prop firms with no minimum trading days, Smart Prop Trader is the right choice. We are a proprietary firm in Austin, Texas, established in 2022, and we aim to offer exemplary benefits and spreads to traders.

The Minimum Four Trading Days rule is one of the special Trading Objectives in our Evaluation Process.

“No time limits” means no restrictions on how long a trader can trade during their Audition process, whereas “no minimum trading days” means that a trader is not required to trade for a number of days before passing their Audition or challenge.

The article from Lux Trading Firm provides slightly different results. According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time.

The minimum time to complete an FTMO Challenge is 4 trading days.

Prop firms with no time limit typically provide traders with access to a trading account funded by the firm's capital. Traders are then free to execute trades using the provided capital, with the profits shared between the trader and the firm according to predefined terms and conditions.

The 'No Minimum Trading Days' add-on removes the minimum 5-day trading rule from the Evaluation, Stellar and Stellar Lite Accounts. This means that when a trader purchases this add-on, they will not have to wait for 5 days to pass the Evaluation, Stellar and Stellar Lite Challenge.

Traders that follow the 10 a.m. rule think a stock's price trajectory is relatively set for the day by the end of that half-hour. For example, if a stock closed at $40 the previous day, opened at $42 the next, and reached $43 by 10 a.m., this would indicate that the stock is likely to remain above $42 by market close.

Under the PDT rules, you must maintain minimum equity of $25,000 in your margin account prior to day trading on any given day. If the account falls below the $25,000 requirement, you cannot day trade until you are back at or above the $25,000 minimum.

How to bypass day trading rule? ›

Maintain composure and focus, even during challenging times. Employ techniques like deep breathing to stay composed. Emotional decisions can lead to unfavourable trades. In summary, succeeding in a trading prop firm challenge demands planning, risk management, adaptability, continuous learning, and emotional control.

To help protect novice investors from large losses, in 2001, the Financial Industry Regulatory Authority, or FINRA, created the pattern day trader, or PDT, rule. Under the PDT rule, any margin account that executes four or more day trades in a five-market-day period is flagged as a pattern day trader.

According to FTMO statistics, only about 10% of traders are able to pass the funded account challenge at any account level. This means approximately 90% of aspiring funded traders fail the evaluation and are unable to gain access to the firm's capital.

Statistics on Average Trader Payouts

Profit Split: The average prop firm will offer a 80-20 profit split once you become a funded trader. TFT, on the other hand, gives up to a 90% split, — even as high as 95% in some promotions — the highest in the industry.

There is estimated to be a 90% fail rate of traders that take the FTMO challenge. The reason behind this is due to traders chasing the profit target with a time restriction in place. A trader doesnt know when a winning streak might occur, or when they may take a string of drawdowns.

You can day trade without $25k in accounts with brokers that do not enforce the Pattern Day Trader rule, which typically applies to U.S. stock markets. Consider forex or futures markets, which have different regulations and often lower entry barriers for day trading. Swing trading is another option.

OneUp Trader offers a straightforward, one-step process for securing funding. Aspiring traders need to trade for a minimum of 15 days (5 days for Express accounts) and achieve the specified profit target. Meeting these criteria assures eligibility for a funded trading account.

There are no minimum trades or trading days requirements for completing Level 1. Level 1 is immediately completed when reaching the profit target. A trader must close all trades and pending orders once reaching the milestone target or the drawdown. The fund will not pay profits higher than the milestone.