Real Prop Funding: Trading Firm With No Max Daily Drawdown (2024)

FAQs

Which prop firm gives real money to trade? ›

The 5ers. The 5ers is a US-based prop firm that has recently expanded its services to India. They offer a challenge-based approach where traders need to pass a simulated trading test to receive a funded account. The profit split at The 5ers is 50/50, with the potential to increase based on performance.

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.

Maximum Daily Loss | 4%

The daily drawdown amount is always fixed to 4% of the initial balance. This includes commissions and swap fees. If the account at any point breaches the daily drawdown, the account is breached.

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.

Overview: Apex Trader Funding is the best futures prop trading firm on this list for a variety of reasons, but most notably because it boasts the highest pass rate for its evaluation program out of all the futures prop firms on this list. It is also by far the most friendly option for beginner futures traders.

{quote} FTMO (unless you are a US citizen), The5ers, and City Traders Imperium are the three oldest prop firms, and probably the only ones with 5+yrs reputable history of reliable payouts. I'd start with those three. Audacity is from 2012.

The Volcker Rule is one of the more controversial pieces of legislation to emerge from the financial crisis. Attached to the Dodd-Frank Act, the rule was intended to limit banks' ability to make speculative investments that do not benefit their customers.

FTUK is a Global One-Step and Instant Funding Prop Firm. Choose the Right Program For You.

What is the maximum daily loss for prop firms? ›

The maximum daily loss limit is calculated as 4% of the starting balance for each trading day, based on the account balance at the daily candle close. Maximum Total Loss: The max simulated drawdown is still set at 6% trailing from your highest simulated balance or equity achieved.

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. While this result is not nearly as bad as the one discussed earlier, it still looks bleak for prospective prop traders. But why is the percentage of failure so high?

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.

As a result, anyone can be profitable as a prop trader because profitability is linked to their experience and skills, strategy, and ability to generate gains by trading in the market with the firm's capital.

Proprietary trading firms, or prop firms, are specialized financial entities that engage in trading assets with their own capital across various financial markets. These can include stocks, currencies, commodities, crypto-assets, and other financial instruments.