Prop Trading Firms 
If you are lacking in investment capital and want to gain access to a funded account, you will probably be considering a proprietary trading firm. Unless you are using an instant funding prop firm, you will need to pass a trader evaluation process before they trust you with their funds. These trader challenges will have profit targets that you need to reach whilst sticking to certain trading rules. These rules often include a maximal drawdown, maximum loss and minimum amount of trading days.
Prop firms with no minimum trading days are more flexible as they do not put artificial limitations on your trading strategies and allow you to qualify for a funded account within just one day. This means that the trading challenges can be easier to pass and you don’t need to keep trading simply to reach a minimum amount of trading days. If you were using a prop firm with a minimum 10 trading days, these means that you would need to trade on at least 10 different days. They might even have a maximum number of days which could add even more unnecessary pressure.
You should be able to trade with as much freedom as possible but it is still understandable why prop trading firms have minimum trading days. This is because they want to fund traders who are consistent, not those who just get lucky or use high risk strategies to try and make a quick profit. If you can trade consistently for a sustained period of time, you are more likely to have a solid trading strategy with sensible money management and be considered less risk to the prop firm.
The 5%ers Review
The Funded Trader Review
SurgeTrader Review
E8 Funding Review
Funded Trading Plus Review
The Funded Trader two-step evaluation programme, The Rapid Challenge, allows you to get your first payment in as short as 20 days. This challenge is open to traders with accounts of $50k, $100k, or $200k. Simply decide how much money you want to handle, and then pass the evaluation by achieving the Trading Objectives during Phases 1 and 2. There are no minimum trading days required for your evaluation in the Rapid Challenge. Once you earn your funded account and wait 14 days, you are entitled for your first profit split. You can trade a large range of trading instruments on the MetaTrader platforms and scale your account up to $1,500,000 with a 90% profit split.
| Swing | 50K | 100K | 200K |
|---|---|---|---|
| Account Balance | $50,000 | $100,000 | $200,000 |
| Challenge Leverage | 1:30 | 1:30 | 1:30 |
| Minimum Trading Days | 0 | 0 | 0 |
| Phase 1 Target (35 Days) | $4,000 USD (8%) | $8,000 USD (8%) | $16,000 USD (8%) |
| Phase 2 Target (60 Days) | $2,500 USD (5%) | $5,000 USD (5%) | $10,000 USD (5%) |
| Max Loss | $4,000 USD (8%) | $8,000 USD (8%) | $16,000 USD (8%) |
| Max Daily Loss | $2,500 USD (5%) | $5,000 USD (5%) | $10,000 USD (5%) |
| Profit Split | 80% | 90% with Scaling | 80% | 90% with Scaling | 80% | 90% with Scaling |
| Weekend trading | Yes | Yes | Yes |
| Refundable Fees | $299 USD | $499 USD | $899 USD |
| Regular | 50K | 100K | 200K |
|---|---|---|---|
| Account Balance | $50,000 | $100,000 | $200,000 |
| Challenge Leverage | 1:100 | 1:100 | 1:100 |
| Minimum Trading Days | 0 | 0 | 0 |
| Phase 1 Target (35 Days) | $4,000 USD (8%) | $8,000 USD (8%) | $16,000 USD (8%) |
| Phase 2 Target (60 Days) | $2,500 USD (5%) | $5,000 USD (5%) | $10,000 USD (5%) |
| Max Loss | $4,000 USD (8%) | $8,000 USD (8%) | $16,000 USD (8%) |
| Max Daily Loss | $2,500 USD (5%) | $5,000 USD (5%) | $10,000 USD (5%) |
| Profit Split | 80% | 90% with Scaling | 80% | 90% with Scaling | 80% | 90% with Scaling |
| Weekend trading | Yes | No | No |
| Refundable Fees | $299 USD | $499 USD | $899 USD |
The Funded Trader Best price
There are no restrictions on instruments and 0 minimum trading days with the SurgeTrader Audition. There is no required 30-day holding period like you see with some other prop firms. You just need to achieve a 10% profit target without breaching two straightforward rules. Once you have passed the audition phase, SurgeTrader will get you into a funded account within 24-48 hours, unlike other prop trading companies that require two business days or more to check and validate your evaluation.
| Starter – $25K | Intermediate – $50K | Seasoned – $100K | Advanced – $250K | Expert – $500K | Master – $1M | |
|---|---|---|---|---|---|---|
| Account Type | Standard | Standard | Standard | Large | Large | Large |
| Profit Share | 75% | 75% | 75% | 75% | 75% | 75% |
| Profit Target (10%) | $2,500 | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 |
| Daily Loss Limit | 4% | 4% | 4% | 4% | 4% | 4% |
| Max Trailing Drawdown | 5% | 5% | 5% | 5% | 5% | 5% |
| Audition Fee | $250 | $400 | $700 | $1,800 | $3,500 | $6,500 |
SurgeTrader Best seller
There are no minimum trading days on the E8 Funding regular account type. The minimum requirement to pass Phase-2 is to trade for at least 1 trading day. You don’t need to wait for the entire duration of the evaluation process. All in all, you can be managing your E8 Funded Account in 2 trading days. There is a maximum capital allocation on the E8 account from 250k to 600k with an industry average 80% profit split. You can use all types of trading strategy on the MetaTrader platforms and trade forex with 1:100 leverage.
| Account Types | E8 Account | ELEV8 program | E8 Track |
|---|---|---|---|
| Account Size & Fee | $25,000 (Fees: $228) $50,000 (Fees: $338) $100,000 (Fees: $588) $250,000 (Fees: $988) | $100,000 (Fees: $888) | $25,000 (Fees: $138) $50,000 (Fees: $208) $100,000 (Fees: $358) $250,000 (Fees: $598) |
E8 Funding
During your evaluation phase with Funded Trading Plus, you have no maximum or minimum trading day requirements which means you can trade at your own pace. If you pass the trader challenge, you can get a funded account from $200,000 up to $2,500,000 with scaling and a generous 90% profit split. They allow most manual and automated trading strategies with a simple set of rules and good trading conditions that don’t try to catch you out. Not only do they provide the popular MT4/MT5 platforms via the regulated Eightcap broker, but you can also take advantage of the excellent TradingView charting software.
| Evaluation Type | Two Phase | Two Phase | Two Phase |
|---|---|---|---|
| Profit Split | 80/20 (up to 90/10) | 80/20 (up to 90/10) | 80/20 (up to 90/10) |
| Phase 1 Target | 10% | 10% | 10% |
| Phase 2 Target | 5% | 5% | None |
| Min. Trading Days | None | None | None |
| Maximum Leverage | Up to 1:30 | Up to 1:30 | Up to 1:30 |
| Platforms | MT4, MT5, or TradingView | MT4, MT5, or TradingView | MT4, MT5, or TradingView |
| Relative Drawdown | 10% | 10% | 10% |
| Daily Drawdown | 5% | 5% | 5% |
| Account Size (USD) | $25,000 | $50,000 | $100,000 |
| Refundable Fee | $199 | $349 | $499 |
| Evaluation Type | Instant Funded (No Evaluation) | Instant Funded (No Evaluation) | Instant Funded (No Evaluation) | Instant Funded (No Evaluation) | Instant Funded (No Evaluation) |
|---|---|---|---|---|---|
| Profit Split | 70/30 (up to 90/10) | 70/30 (up to 90/10) | 70/30 (up to 90/10) | 70/30 (up to 90/10) | 70/30 (up to 90/10) |
| Min. Trading Days | None | None | None | None | None |
| Maximum Leverage | Up to 1:30 | Up to 1:30 | Up to 1:30 | Up to 1:30 | Up to 1:30 |
| Platform | MT4, MT5, or TradingView | MT4, MT5, or TradingView | MT4, MT5, or TradingView | MT4, MT5, or TradingView | MT4, MT5, or TradingView |
| Relative Drawdown | 5% of starting balance | 5% of starting balance | 5% of starting balance | 5% of starting balance | 5% of starting balance |
| Account Size (USD) | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 |
| Drawdown Figures | -$250 / $4750 | -$500 / $9500 | -$1250 / $23750 | -$2500 / $47500 | -$5000 / $95000 |
| One Time Fee | $225.00 | $450.00 | $1,125.00 | $2,250.00 | $4,500.00 |
Funded Trading Plus
The 5%ers three challenge stages must be completed on a demo account by traders who wish to apply for a funded trading account. The challenge seeks to find stability and profitability but for Level 1, there are no minimum trade or trading day requirements. When the profit objective is reached, you can immediately advance to the next stage. After completing all three challenge rounds, the trader will begin trading on a live funded account and become eligible for a profit split of 50% on a funded account that can be scaled up to $4,000,000.
The 5%ers Best value
The first thing to check is that the prop firm has trading challenges with no minimum trading days required to pass. If they do, you might still consider them if the minimum trading days is a low amount that you feel confident with. If you use a prop firm with a one-step evaluation, this means that you can skip an additional verification step and get funded as soon as possible
Other things to look for are trading strategies that they allow, including expert advisors, news trading, overnight holding and weekend trading. You will also want to make sure they provide trading platforms that you are already familiar with and the financial instruments that you like to trade. Finally, consider the brokerage firm that they partner with as this is where you will be placing your trades. Tight spreads, low commission fees and quick trade execution speeds are all important factors.
Here are some of the key features to look for when choosing a suitable prop firm without minimum trading days:
- Profit target during evaluation phase
- Minimum and maximum trading days
- Cost and variety of trading challenges
- Retake and refundable fee options
- Trading platforms and instruments
- Partner brokerage firm
- Profit share once you get funded
- Payout frequency and methods
- Prop firm reputation and support
Prop trading firms with no minimum trading days are ideal for anyone who is confident that they have a trading strategy that can achieve the profit target whilst abiding by the rules. If you think you can get lucky with a risk strategy and have one winning day top get a funded account, you might be wasting your time. This is because the prop firm will check how you are trading not only during the challenge, but when using a funded account. After all, even though they might have no minimum trading days, they are still looking for consistent prop traders. There are also many other factors that are just as important to look out for when choosing the best prop firm for your financial goals.
