Best Prop Firms With No Time Limit (2024)

Benzinga readers often choose SurgeTrader or FundedNext as the best prop firms with no time limits.

Have you ever dreamed of earning a healthy income by risking someone else’s cash? That possibility can now be a reality with proprietary or “prop” firms.

Prop firms are companies offering adventurous, skilled traders the opportunity to earn profits with essentially free capital. Using the firm’s money, traders made transactions on commodities and split the proceeds with the prop firm.

Many prop firms allow their traders to operate outside regular business hours. The best firms with no time limit can offer more exposure to both traditional and nontraditional securities.

Quick Look: Best Prop Firms With No Time Limit

• Best for Getting Up to Speed as a Trader: SurgeTrader
• Best for Experienced Traders: FundedNext
• Best for Forex Trading: The 5ers
• Best for New or AspiringTraders: Apex Trader Funding
• Best for Stock Traders: Trade The Pool
• Best for Aggressive Traders: FTMO

Best No Time Limit Prop Firms

Which prop firms are the best for certain situations? Here is a closer look at six of Benzinga’s favorites.

Best for Getting Up to Speed as a Trader: SurgeTrader

SurgeTrader is the best prop firm for traders who want to learn about capital-funded trading from top to bottom. The firm offers a fast account setup, a streamlined platform, a generous 90% profit share and a complete set of powerful educational resources to accompany traders throughout their journeys.

Best for Experienced Traders: FundedNext

The relatively new FundedNext platform offers plenty of opportunities for experienced market players, especially day traders. It allows traders to hold accounts up to $4 million, increasing their range of opportunities, especially in forex markets. FundedNext is prompt with its transactions and offers vast educational resources.

Best for Forex Trading: The 5ers

The 5ers allows traders of all experience levels to operate with a sizable capital balance, offering a profit split of 50% from bonus funds. Based in the United Kingdom, The 5ers use the MetaTrader 5 (MT5) trading platform, making it easy to trade in alternative markets like forex, precious metals and indices. The 5ers’ account fees are reasonable.

Best for New or Aspiring Traders: Apex Trader Funding

Apex Trader Funding is best suited for traders who are just getting started in their practice. It offers flexible plans for affordable subscription rates, with clear challenges and an industry-high 90% profit payout. Traders can choose from eight different trading plans with funding between $25,000 and $300,000. Payouts happen twice per month.

Best for Stock Traders: Trade The Pool

A subsidiary firm of The 5ers, Trade The Pool is an excellent option for traders who largely deal with stocks. It provides four account sizes, 14-day free trials and payouts of up to 80% on gains. With Trade The Pool’s Scale-Up program, traders can assume more risk and earn more money with higher daily losses in a legal version of the “pump and dump” strategy.

Best for Aggressive Traders: FTMO

FTMO, founded in the Czech Republic, puts prospective traders through a two-step test process, after which it receives up to $200,000 to start trading. It offers an 80% profit split to start with, making a 90% split available after traders successfully reach FTMO’s Scaling Plan. Evaluations are strict, but once traders pass them, FTMO makes trading exceptionally easy.

How Do Prop Firms with No Time Limitations Work?

A prop firm is a company that gives its clients an amount of capital to trade with. In return, clients share a percentage of the profits they earn.

Prop firms without time limits give traders more options for when and how they execute trades. They entrust their traders to set their schedules, often remotely, with a great degree of independence. Traders are compensated according to their performance, sharing a percentage of their profits with the prop firm.

In giving them more independence, prop firms with no time limits implore their traders to continue learning and evolving in their craft. They encourage open communication channels and the use of advanced technology to conduct business.

What Does ‘No Time Limit’ Mean in Prop Trading?

A prop firm with “no time limits” gives traders carte blanche to trade outside regular business hours. Alternatively, these firms may not require their traders to be at a physical trading desk or station during certain times.

Without time limits, prop firm traders have greater flexibility and access to global markets. They’re under less pressure to trade within a dictated time frame, allowing them to explore various trading practices and styles.

A prop firm with no time limits does not impose a minimum of trading days. Without the minimum, traders can take time to try different approaches in varying market conditions without pressure.

Things to Consider with Prop Firms That Have No Time Limit

When evaluating prop firms that do not have time limits, prospective traders need to think about several factors.

Capital and Profit Split

Prop firms generally use a profit-sharing model. Traders get a certain percentage of the profits they earn. They may offer an even 50-50 split or increase traders’ percentages once they hit certain revenue thresholds. They may also adjust their compensation based on past performance, risk tolerance or other factors.

Fully understand what compensation practice your prop firm follows before agreeing with them.

Trading Rules

Prop firms with no trading limits may hold their traders to certain rules and limitations. Most have strict policies about risk management and the daily losses they may incur. Some impose limits on the capital they provide or the leverage they allow traders. They also expect their traders to comply with regulations, changing laws and codes of ethics.

Evaluation Process

Prop firms offer traders challenges to ramp up their abilities, glean insight from their transactions and access more of the firm’s capital. They may use profit and loss measurements, drawdowns and different scenarios to evaluate trader skills.

Trading Platform and Tools Available

Prop firms with no limits may offer traders various platforms, algorithmic tools, risk management software and programs for technical, fundamental, performance and risk analytics. This technology can impact each trader’s ability to develop effective strategies and make smart trading decisions.

Policies for Payouts and Withdrawal

A trader must be clear on their prop firm’s compensation practices. They should know the company’s percentage split, payout schedule, withdrawal fees and requirements and provisions of capital. Their contract should also contain information on taxation, specific targets and how payouts are calculated.

Educational Content

Prop firms have the double objective of earning profits and helping traders become better. They should offer an array of strategies, risk management trading, analytical software, compliance checklists and webinars that can contribute to the development of a trader’s craft.

Customer Service

Prop firms owe their traders positive and helpful customer service. They should provide regular software upgrades, access to trading analytics, personalized trader support and comprehensive educational and informational resources.

Reputation and User Reviews

Online trading communities and review websites may offer information about a prop firm’s history, performance, culture and reputation. This information can be found in blogs, websites, industry publications and casual channels like networking events and workshops.

Work With the Best Prop Firms With No Time Limit

Prop firms offer traders the unusual prospect of earning generous incomes with little to no personal risk. As with any alternative investment strategy, traders must be cautious about working with prop firms. But for those with high risk tolerance and experience, they may be lucrative opportunities.