Prop Trading Firms 
Proprietary trading firms usually require you to take part in a trading challenge so that they can evaluate your performance before giving you access to trade on a funded account. They will set profit targets and other objectives such as maximal drawdowns, daily loss and trading days. You will need to follow these rules in order to pass the evaluation process.
If there are a maximum number of days that you have to pass a prop firm challenge, this can put pressure on your trading strategy and lead to unnecessary mistakes. That is when a prop firm with no time limits can be a great solution for those of you who would prefer to take your time and do not want to pay for another evaluation fee if you fail to meet the time restrictions.
It is important to note that the time limit does not mean you need to trade for the complete duration of the challenge. It just means that you need to complete the evaluation objectives within the allocated maximum number of trading days. Most prop firms have a 30-day time limit to pass whereas others will let you trade for as long as it takes, although that can incur monthly fees.
The 5%ers Review
SurgeTrader Review
FundedNext Review
FTUK Review
There are no time limits or minimum trading days required to pass the SurgeTrader Audition. The only requirement to become funded is hitting the profit target. Pass in two days or two months. Once you earn profit in a funded account, you can withdraw your money any time you like, once per calendar month. You can keep up to 90% of the profits if you successfully pass the trading challenge with no time limit and scale up to $500,000.
| 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 is no minimum or maximum time limit for you to hit your milestone target with FTUK, so when you reach the next milestone target you will immediately move to the next level and manage more capital. Forex Traders UK (FTUK) allow nearly all trading strategies including automated trading with prop firm EAs. They have partnered with a regulated trading broker in Eightcap, so you can take your time to trade a good variety of asset classes on both MT4/MT5 platforms with leverage up to 1:100. Pass the FTUK no time limit trading challenge and you can qualify for a funded account with an 80% profit share.
FTUK
At FundedNext, they want to make things easier for prop traders. Therefore, you only need to take a minimum of 10 individual and separate trades each month, but you must enter a new trade on at least ten separate days in a month. However, you can relax as your trading days do not need to be consecutive, and to make things even easier, there is no maximum number of trades you need to take each month, as long as you do not exceed your risk. If you want, you can take as much time as you want to become a FundedNext Crown Trader. There is no time limit or pressure to reach any profit target within a restricted period. They encourage traders to trade freely with them.
| Funding Amount | $15,000 | $25,000 | $50,000 | $100,000 | $200,000 |
|---|---|---|---|---|---|
| Maximum Daily Loss | $750 | $1,250 | $2,500 | $5,000 | $10,000 |
| Maximum Overall Loss | $1,500 | $2,500 | $5,000 | $10,000 | $20,000 |
| Maximum Trading Day | 5 | 5 | 5 | 5 | 5 |
| Trading Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| One Time Fee (Refundable) | $99 | $199 | $299 | $549 | $999 |
FundedNext
Technically, there is a time limit with The 5%ers prop firm. However, it is very generous and should not be an issue for anyone who is serious about becoming a funded trader. There is a maximum time duration of 12 months for level 1 of the program. Within this duration, they expect the trader to complete all trading objectives and goals. If you pass the evaluation phase, you can get a funded account scaled up to $4,000,000 with a reasonable 50% profit share.
| Starting Balance | Maximum Loss (5%) | Profit Target (6%) | |
|---|---|---|---|
| Challenge 1 | $25K | $1,250 | $1,500 |
| Challenge 2 | $50K | $2,500 | $3,000 |
| Challenge 3 | $75K | $3,750 | $4,500 |
The 5%ers Best value
Obviously, the first thing to do was filter down our top prop firms to those who do not have any time limits. We then considered some of the other important factors including profit share, scaling plan, cost of trading challenges, trading conditions and customer support. You will also want to check if they have a one-step evaluation process or more. The more challenges you need to pass, the longer it can take to get a funded account.
Here are some of the key features to look for when choosing a suitable prop firm without a time limit:
- Number of evaluation phases
- Minimal trading days
- Profit targets
- Maximum drawdown & loss
- Trading platforms
- Trading instruments
- Partner brokerage firm
- Profit split on funded accounts
- Payout methods and frequency
- Prop firm support and reputation
Prop trading firms with no time limit can give you plenty of time to practice your trading strategies and learn more about the markets without feeling the pressure of needing to pass a trading challenge within a set amount of days. You can show them that you are a consistent trader and use long-term trading strategies with sensible money management which tend to be more stable when compared to day trading or scalping. No time limit prop firm challenges are a great way to prepare before committing to a funded account.
On the other hand, it takes longer to get access to a funded account. Whilst that might not be a problem to beginners who need the practice, the more experienced traders might feel that they don’t need so much time. If you are reading this but have a successful trading strategy and are ready to trade on a funded account right away, then you might want to take a look at our instant funding prop firms instead.
