Forex prop without trading days restriction

Forex prop without trading days restriction

Written by

Justin Cox

Written on

Dec, 2023

Updated on

Jan, 2024

Table of content

Forex prop firms have certain rules and limits such as daily loss limit, maximum drawdown, and trading days. Risk limit rules are typically more important than trading days, but some firms prefer to additionally check traders for consistency. Some Forex prop trading firms offer funded accounts with zero trading days or without trading day restrictions, and we have selected the best options.

On our platform, we constantly research and review prop firms based on multiple metrics such as safety, funding options, rules, fees, assets, platforms, education, and support. To ensure an unbiased approach, we have developed a complex research methodology that strictly evaluates prop firms. It places greater emphasis on safety and trading rules to ensure the overall score has the highest impact from these critical metrics. The final core is calculated by the weighted average and ensures it is as close to real products and the safety of the firm as possible.

Understanding Forex Prop Firms without Trading Days Restrictions

Forex proprietary firms or prop firms, are financial companies that provide traders with capital to speculate on financial markets. Some Forex prop firms impose trading day restrictions, meaning traders are required to trade the minimum number of days within a specific time frame, such as a month or a quarter when working with a Forex Prop Firm. This restriction prevents traders from hitting the profit targets right away, without first having to trade for some time. Trading days usually require traders to open a trading position each day for a certain number of days. Some firms may have 3 days, but more common restrictions typically are at 5 days. Top no time limit prop firm ratings are reviewed by our experts and the best firm is selected. Ensure to glance through our list and read reviews to understand detailed rules and specs.

Reasons why some firms have minimum trading days

Minimum trading days are designed to ensure that traders are actively participating and meeting certain trading targets consistently. Prop firms need to confirm they are funding only consistently profitable traders to avoid losing their capital and take financial losses. Some reasons why trading days might be good for prop firms are:

  • Risk Management – Firms can check trader’s risk management skills over time
  • Capital Utilization – Firms want their capital to be used for consistent trading activities and not sit idle. Traders are required to open at least one position during trading days, ensuring the firm’s capital is put to work on financial markets.
  • Skill Development – It can help firms select traders with excellent skills and help them develop trading skills and consistency
  • Assessing profitability – Traders can hit profit targets in a short period if they are lucky. Minimum trading days ensure traders have to open trading positions every day, excluding luck.
  • Incentivizing Discipline – Discipline is a cornerstone of financial trading, and top prop firms need to select the best traders to give them their capital. Selecting disciplined traders increases the chances of finding the most talented traders.

A Forex prop firm without trading days restriction is more attractive for experienced traders who just want to start trading on the funded account and have a definite strategy for hitting the profit targets. Experienced traders have the discipline and consistency skills required to become profitable, and it is more flexible for them to avoid trading day restrictions. However, beginners might want to trade on the accounts with trading day restrictions to develop consistency and strong risk management practices.

Trading Days vs. Time Limits – What’s the difference?

The prop firms with no time limits usually allow traders to trade as long as they like without minimum time for holding the open positions.

No minimum trading days prop firms, on the other hand, do not restrict the minimum days during which traders are required to open at least one trading position. Prop firms without time limits may have minimum trading day requirements, while firms without minimum trading days might introduce the minimum time to hold open positions.

Benefits of Trading Without Time Restrictions

Top no time limit prop firms offer flexibility to their traders to hold positions without minimum or maximum time restrictions. Some firms require traders to hold positions for certain seconds, which can greatly impact scalpers who usually are in the markets for minutes. While this rule ensures the firm avoids arbitrage and front-running, scalpers might find it difficult to follow this rule. While no minimum trading days are better for swing traders, scalpers will find no time restrictions more useful.

The best prop firms without trading days restrictions

Below is a list of legit prop firms with no time limits, selected after conducting extensive research.

Firm Overall Score Min instant funding Max instant funding Min instant funding fee Profit share Daily loss limit Max loss limit
Funded Trading Plus 4.05 5,000 USD 250,000 USD 229 USD 70-80% 3-4% 5-8%
FTMO 4.03 10,000 USD 200,000 USD 164 USD 90% 5% 10%
Lark Funding 3.89 5,000 USD 1,000,000 USD 50 USD 75-80% 5% 10%
Audacity Capital 3.67 10,000 USD 480,000 USD 129 USD 50-85% 10% 10%
Smart Prop Trader 3.57 10,000 USD 200,000 USD 67 USD 85% 4% 8%

The best prop firms with no time limit

Explore our list of no time limit prop firms rated and ranked below.

Firm Overall Score Min instant funding Max instant funding Min instant funding fee Profit share Daily loss limit Max loss limit
Funded Trading Plus 4.05 5,000 USD 250,000 USD 229 USD 70-80% 3-4% 5-8%
FTMO 4.03 10,000 USD 200,000 USD 164 USD 90% 5% 10%
Lark Funding 3.89 5,000 USD 1,000,000 USD 50 USD 75-80% 5% 10%
Audacity Capital 3.67 10,000 USD 480,000 USD 129 USD 50-85% 10% 10%
Smart Prop Trader 3.57 10,000 USD 200,000 USD 67 USD 85% 4% 8%

Evaluating Prop Firms with No Trading Days Restrictions

The top forex prop firm without trading days restriction offers superior flexibility to experienced traders but is not very suitable for beginner traders. Beginners must develop consistency and discipline, and having a rule of opening at least one trading position each day for a certain number of days can greatly assist in this challenge. No time limit prop firm also enhances experienced traders’ flexibility by allowing them to manage their trades as they like without the additional hassle of holding an open position for some time.

Prop firms offer minimalistic trading restrictions when they are new and need to accumulate new traders, or if they are scams. Another reason is to find the best traders. Because of this, it is critical to select prop firms that are safe and reliable. Scammers will introduce hidden rules together with minimalistic rules to lure traders and then collect fees, while legit prop firms will try to attract experienced traders with simple rules and limits. Best no time limit prop firm must offer achievable goals and less strict rules.

Safety and Profitability: Forex Props Without Trading Days Restrictions

As we have mentioned before, safety is the number one priority for any trader searching to get funded. However, another important aspect is to have less strict rules, allowing traders to quickly pass the evaluation and start on the funded accounts. How can trading day restrictions affect profitability? There are two implications: trading day restrictions might limit the trading strategies traders can employ. If a trader is a swing trader and there are no setups to trade, their profitability might suffer from opening additional trading positions each day. Scalpers will find minimum trading days a very easy rule to follow, while traders with more long-term strategies might suffer considerably. Trading day restrictions can directly impact the profitability of swing traders but will not impact scalpers.

Comparing Prop Firms: With vs. Without Trading Days Restrictions

The main difference between trading with and without trading days is the time needed to pass the evaluation phase. When there is a rule of minimum trading days, traders must wait for a certain number of days even if they hit the profit target in fewer days. This is a little inconvenient for experienced traders, as they can hit profit targets much faster. No trading days give traders the advantage of freely opening positions when they see fit and not every day, ensuring lesser psychological stress. Reducing the pressure is very important in financial trading, as this business is based on discipline and strong emotional balance. There might be days when there are no trading setups to open positions, and having no restriction of minimum trading days can help avoid unnecessary losses.

Choosing the Right Prop Firm Without Trading Days Restriction – What to Look for

The key metric for the best prop firm without trading days restrictions is safety and reliability. Below is the list of things to look for when searching for the best firms without trading days restrictions:

  • Safety – ensure the firm has a track record of being honest. Also, read our unbiased reviews of prop firms. Check if the partner broker is regulated and look for FPA comments.
  • Funding options – Depending on your risk tolerance and experience, ensure the firm offers comfortable funding options
  • Audition fees – Check audition fees for your preferred funded account. Some firms might have expensive fees for fewer restrictions, while top firms in our list will offer competitive fees.
  • Trading asset diversity – Ensure the firm offers asset classes you are trading such as Forex, commodities, indices, etc. Different traders will look for different lists of assets.
  • Risk rules and hidden rules – Ensure risk rules are achievable and double-check for any hidden rules in terms and conditions or ask the support about lot size, mandatory stop loss, etc.
  • Trading strategies and methods allowed – depending on your trading strategy, ensure the firm allows your style. This may be trading during news, EAs, hedging, overnight positions, weekend trading, etc.

FAQs about Forex Prop Firms without Trading Days Restrictions

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