Prop Firms With No Time Limitations

How do prop firms with no time limitations work?

Proprietary trading firms offer aspiring traders the opportunity to showcase their skills through trading challenges. These challenges serve as a means for firms to assess the trader's performance before granting access to a funded trading account. Typically, these evaluations include specific profit targets, drawdown limits, daily loss thresholds, and the number of trading days. However, some prop firms impose time restrictions on completing the evaluation, which can create unnecessary pressure and potentially lead to mistakes. In contrast, prop firms with no time limits provide a solution for traders who prefer a more flexible approach and want to avoid additional evaluation fees if they exceed the time constraints.

Effectively, such firms offer a unique trading environment where traders have the freedom to execute their strategies without the constraints of time restrictions. These firms provide traders with the opportunity to engage in trading activities on a flexible basis, allowing them to trade at their own pace and according to their individual trading styles.

In such prop firms, traders are not bound by predefined trading sessions or specific trading hours. Instead, they have the liberty to trade whenever they choose, whether it be during regular market hours or outside of traditional trading times. This flexibility caters to the diverse needs and preferences of traders, enabling them to take advantage of market opportunities whenever they arise.

Typically, prop firms with no time limitations provide traders with access to advanced trading platforms and cutting-edge technology. These platforms offer features like real-time market data, charting tools, order execution capabilities, and risk management systems. By leveraging these resources, traders can analyze market conditions, make informed trading decisions, and execute trades seamlessly.

Best prop firms with no time limit in 2024

1 Topstep

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As a broker, Topstep has always had an outstanding reputation, fantastic trader support, and very generous payouts. As a result of their current promotion, they're one of the best bargains in the industry for forex trading.

You keep 100% of your first $5,000-$10,000 profit when you first get started (depending on which account you choose). In addition to that, you get 90% of your profits going forward, which is the industry's highest payout ratio.

Furthermore, Topstep has streamlined its two-step evaluation process, known as Trader Combine. The minimum trading requirement in Step 2 has been eliminated, so both steps can be completed in less than two weeks.

To pass the Trader Combine, Topstep gives traders unlimited time to hit their profit targets. No matter how long it takes, just make sure you don't reach your loss limit or trailing maximum drawdown. While you're in the Trader Combine, you'll be charged a monthly fee, but once you're confirmed as a funded trader, those fees will disappear.

2 Funded Next

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At Funded Next, traders can take advantage of the Express model, which offers several benefits. Firstly, traders earn a 15% profit share from the demo phase itself, allowing them to start earning rewards even while trading on the demo account. Additionally, there are no unrealistic profit targets imposed, with a reasonable 25% growth target set. Traders have the freedom to trade at their own pace without the pressure of reaching absurd targets. With no time limit, traders can take as much time as they need to achieve their goals without feeling rushed. Furthermore, the profit sharing increases up to 90% after obtaining a funded account, providing traders with enhanced earning potential. To qualify, traders need to take a minimum of 10 individual trades and enter new trades on at least ten separate days per month, with no maximum trade limit as long as they stay within their risk parameters.

3 FTMO

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FTMO offers a step-by-step evaluation process, beginning with the FTMO Challenge. Traders are required to meet reasonable Trading Objectives, including a profit target and drawdown limits. There is no time limit within which traders need to achieve the profit target, allowing for an indefinite trading period. Once all the objectives are met, traders can progress to the Verification phase. The minimum time to complete the FTMO Challenge is 4 trading days. The trading period in the Verification and FTMO Trader phases is unlimited. Traders need to adhere to maximum daily loss limits of $500.

4 The 5%ers

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The 5%ers provide traders with an Instant Funding account that offers flexibility in terms of time. Traders have the freedom to take as much time as they need to pass the challenge. However, inactive accounts for more than 14 calendar days will expire. In the Bootcamp Program, traders can demo trade to showcase their skills. The entry cost varies depending on the account size, leverage is set at 1:10, and there are no minimum requirements for trading days or trades. The time to complete the three stages is unlimited, and account expiration occurs after 14 days of inactivity. The 5%ers offer instant funding in real accounts, frequent payouts, exceptional trading conditions, a supportive traders community, and a fast growth plan.

5 SurgeTrader

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SurgeTrader allows traders to participate in their Audition without any time limits or minimum trading days. The only requirement for funding is to hit the profit target. Traders have the flexibility to pass the trading challenge in any timeframe, whether it takes two days or two months. Once traders earn profits in a funded account, they can withdraw their money at any time, once per calendar month. SurgeTrader offers a profit split of up to 90% for successful traders who pass the trading challenge with no time limit. Traders can scale up from $25,000 to as high as $500,000. SurgeTrader provides a simple evaluation process, no minimum trading day requirements, no 30-day assessment period, a range of trading instruments, and the option to trade on both MT4 and MT5 platforms.

6 City Traders Imperium

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City Traders Imperium offers Direct Funding, which allows traders to skip the evaluation process and save time. Traders can enjoy up to 100% profit share and make withdrawals without the need to hit any profit targets. Weekly payouts provide added convenience. With no minimum trading days or time limits, traders have the freedom to trade at their own pace. Direct Funding eliminates the evaluation process, enabling traders to start at higher levels by passing and getting evaluated on smaller account sizes. The Direct Funding and Master Trader programs share similar characteristics, including the absence of a minimum trading day requirement, no time limit, and no evaluation process.

How to choose the best prop firm with no time limit?

Choosing the best prop trading firm with no time limit requires careful consideration of several factors. Here's a step-by-step guide on how to make an informed decision:

Step 1: Consider the entry process

Prop trading firms often require traders to pass an evaluation or challenge before granting access to a funded account. Some firms have no time limit for these evaluations, which can be a great solution if you prefer to take your time and avoid unnecessary mistakes that could result from pressure.

Step 2: Evaluate the profit share and fee structure

Look at the firm's profit share and fee structure. Consider the cost of trading challenges, monthly fees, and the profit split ratio. Some firms might have high fees or take a larger cut of the profits, so it's crucial to understand these costs before signing up.

Step 3: Check the trading conditions and support

Consider the trading conditions and customer support provided by the firm. Make sure the firm offers a range of trading strategies and tools that fit your trading style and goals. Additionally, a good prop firm should have clear and transparent rules and risk management guidelines.

Step 4: Assess the firm's reputation

Look for a firm with a good reputation and track record of success. You can research firms online and read reviews from other traders to get a sense of their reputation and performance.

Step 5: Check the tradable financial instruments

Ensure the firm offers the financial instruments you wish to trade. Some firms may specialize in certain markets or asset types, so it's important to find a firm that aligns with your trading interests.

Step 6: Consider the firm's scaling plan

Examine the firm's scaling plan. This refers to how the firm will increase your trading account size as you demonstrate consistent profitability. A good prop firm should have a clear and fair scaling plan.

How to get into a prop firm with no time limit?

To enter a prop trading firm with no time limit, consider the following steps from both a trading strategy perspective and other important aspects:

Difference between "no time limits" and "no minimum trading days"

There are two terms commonly used in proprietary trading: "No Time Limits" and "No Minimum Trading Days," and they have distinct meanings in the context of a trader's evaluation, often referred to as an "audition" or "challenge."

No Time Limits

"No time limits" in prop trading means that traders are not constrained by specific restrictions on how long they can trade during their audition or challenge process. This flexibility allows traders to hold onto their trading positions for as long as they see fit, without the pressure of closing positions within a set timeframe. Traders can patiently wait for the right market conditions to maximize their profits, which is particularly advantageous for strategies that require a longer time horizon, such as those based on fundamental analysis or long-term trends.

No Minimum Trading Days

Conversely, "No minimum trading days" indicates that traders are not obligated to execute a minimum number of trades within a specified number of days as a requirement to pass their audition or challenge. This means that a trader won't face a mandate to trade actively for a certain period to meet evaluation criteria. Instead, they have the freedom to choose when and how they execute their trades, aligning with their trading strategy and market opportunities. This flexibility is valuable for traders who may not prefer daily trading or those who focus on quality over quantity in their trades.

Key Differences

• Timeframe of holding positions: "No time limits" deals with the duration a trader can hold a position, while "No minimum trading days" is about the frequency of trading activities.

• Strategic flexibility: "No time limits" allows traders to execute long-term strategies without pressure to close positions, whereas "No minimum trading days" gives them the freedom to not trade on days when they don't see favorable opportunities.

• Pressure and obligations: with "No time limits," the pressure is on the decision of when to exit a position, but "No minimum trading days" removes the obligation to engage in trading activities when not deemed necessary.

Methodology for compiling our ratings of prop firms

Traders Union applies a rigorous methodology to evaluate prop companies using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.

Key aspects of the assessment include: