Hate getting stopped out because of one volatile candle? These firms judge you on your Total Drawdown only, giving you maximum freedom to trade.
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| Rank | Firm | Key Feature | Best For | Code |
|---|---|---|---|---|
| 1 | Apex Trader Funding | 90% Profit Split | Futures | |
| 2 | Take Profit Trader | Day 1 Payouts | Futures | |
| 3 | Topstep | Industry Leader | Futures | Auto-Apply |
| 4 | Lucid Trading | 15min Payouts | Futures | |
| 5 | Taurus Arena | Volumetrica Free | Futures | |
| 6 | Chronos Funding | Trustpilot 4.8 | Futures | |
| 7 | Tradeify | Simple Rules | Futures | Auto-Apply |
Most prop firms have a "5% Daily Loss Limit". If your equity drops 5% in a single day (even if you are still in profit overall), you lose the account.
Firms with NO Daily Loss limit allow you to hold trades through high volatility or news events without fear of an arbitrary daily breach. It is the Holy Grail for Swing Traders and aggressive scalpers.
Learn how we evaluate firms →Apex is the industry leader for a reason. On their standard Evaluation accounts, there is NO daily loss limit. You only have a Trailing Threshold. $600M+ paid out.
Take Profit Trader offers Day 1 payouts and $0 activation fee. Their Static Drawdown option means your loss limit doesn't trail unrealized profits.
The OG of futures prop trading. Topstep has been funding traders since 2012 with over $150M paid out. No daily loss limit on their Trading Combine. Most trusted name in the industry.
Lucid Trading is the newcomer shaking up the industry with 15-minute payouts. 50% OFF with code DEALPROPFIRM: 50K account just $90. No daily loss limit and no monthly subscription fees.
New futures prop firm launched late 2025. Offers 3 programs: Prime (cheap bundles), Frees ($0 activation), and Direct Prime. Includes professional order flow software.
Chronos Funding has built a strong reputation with 4.8 Trustpilot rating. No daily loss limit and straightforward rules make it a solid choice.
Tradeify offers one of the simplest rule sets in the industry. No daily loss limit, straightforward profit targets, and transparent pricing. Great for traders who hate complexity.
The most significant confusion lies between the Daily Loss Limit and the Maximum Drawdown.
A hard cap on how much you can lose within a single 24-hour period.
Total amount you can lose from starting balance before termination.
A 4-5% daily limit could breach your account even if your setup is perfect. No daily limit lets your account "breathe".
Markets can gap overnight. Without daily limits, a gap is just a temporary setback, not an instant account killer.
CPI, NFP create massive wicks. These firms focus on end results. See our futures prop firms.
No daily loss often comes with a trade-off. Read the fine print about how Maximum Drawdown is calculated.
Result: You made $500, but "lost" $1,500 of your drawdown buffer!
Generally, yes. It removes psychological pressure. Check our best prop firms for beginners.
Futures: Most require closing before Friday. Forex: The5ers and FT+ often allow weekend holding.
Yes. If your Max Drawdown is 10% and you lose 10% in one session, you still lose the account. Freedom, not immunity.
Daily Loss Limit caps how much you can lose in a single day (e.g., 5% daily). Maximum Drawdown is your total loss limit from starting balance. Firms with no daily limit only enforce maximum drawdown, giving traders more flexibility during volatile sessions.
Static drawdown is generally better for swing trading because your loss limit stays fixed. Trailing drawdown moves up with unrealized profits, which can trap swing traders who hold positions through normal retracements.
Yes, most firms like Apex and TPT allow news trading. Without daily limits, you can survive volatile wicks during high-impact releases. Always verify each firm's specific policy.
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