Best Futures Prop Firms No Daily Limit

Looking for a futures prop firm with no daily loss limit? The best options in 2026 are Apex Trader Funding, Tradeify SELECT, My Funded Futures, and Topstep — all eliminate daily drawdowns entirely. These firms enforce only a maximum trailing or static drawdown, giving you full flexibility to hold positions through volatility without arbitrary daily breach rules killing your account.

A futures prop firm with no daily limit removes the single biggest evaluation killer: the 5% daily loss cap that most firms impose. Swing traders, news traders, and anyone holding positions through high-volatility sessions benefit massively from this structure. If your strategy involves overnight holds or trading major economic releases, no daily limit is non-negotiable.

Here is everything you need to know about the best no-daily-limit futures prop firms operating in 2026.

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Industry Benchmark (Daily Limit)	No Daily Limit Advantage	Top Rated Firm (2026)
5% daily loss cap	Trade through volatility	Apex (4.4 Trustpilot, 17K+ reviews)

Sources: Apex Trader Funding, DealPropFirm, Tradeify official sites — February 2026

What Is a Daily Loss Limit and Why Does It Matter?

A daily loss limit caps how much your account balance can drop within a single 24-hour period. Most futures prop firms enforce a 5% daily loss limit, meaning if your equity falls 5% in one day — even if you remain profitable overall — you breach the account and lose your evaluation.

This rule exists to protect firms from catastrophic losses, but it also creates a problem: it penalizes traders who experience intraday volatility. A single whipsaw during a news release, an overnight gap, or holding a position through a volatile session can trigger a daily loss violation even when your overall risk management is sound.

Firms with no daily loss limit remove this arbitrary constraint. Instead, they enforce only a maximum drawdown — either trailing or static — calculated from your starting balance or equity peak. This gives you breathing room to trade through volatility, hold swing trades overnight, and manage risk on your terms rather than reacting to a 24-hour timer.

The practical difference is significant. Markets gap overnight regularly. Without a daily limit, a gap is a temporary setback you can recover from. With a daily limit, that same gap can end your evaluation instantly regardless of your skill level.

Best Futures Prop Firms With No Daily Loss Limit (2026)

1. Apex Trader Funding — Industry Leader, No Daily Limit

Apex Trader Funding remains the most recognizable futures prop firm with no daily loss limit as of 2026. Founded in 2021, Apex has distributed over $660 million in payouts and operates one of the largest trader communities in the futures space.

Key stats (February 2026):

• Trustpilot rating: 4.4/5 from 17,380+ reviews
• Account sizes: $25K to $300K
• Evaluation: One-step challenge, 7 trading days minimum
• Profit split: 100% of first $25K, then 90/10
• Drawdown: Trailing threshold (2.5%–6% depending on account size)
• Monthly fee: $137–$677 depending on account size

No daily loss limit structure: Apex enforces only a trailing maximum drawdown threshold. Your account can lose any amount in a single day as long as you stay above the trailing threshold. Once your balance exceeds starting balance + $100, the threshold becomes static and stops trailing — a trader-friendly adjustment added in 2024.

Important rule to note: Apex does not have a daily loss limit, but it does enforce a 30% consistency rule (no single day can exceed 30% of total profit) and a 30% negative P&L rule (open trade drawdown cannot exceed 30% of your start-of-day profit). These are not daily loss limits in the traditional sense, but they do restrict position sizing and require monitoring.

Best for: High-volume traders who want access to large capital ($250K–$300K accounts) and are comfortable managing trailing drawdowns and consistency rules.

2. Tradeify SELECT — Lowest Total Cost, EOD Drawdown

Tradeify’s SELECT evaluation plan won three major awards from PropFirmMatch in 2025: highest-rated prop firm (4.8/5 from 131 verified reviews), best payout process, and most seamless trader experience. Their no-daily-limit structure uses an end-of-day (EOD) drawdown, which is materially more forgiving than intraday trailing models.

Key stats (February 2026):

• Trustpilot rating: Not widely tracked (newer firm, launched 2023)
• PropFirmMatch rating: 4.8/5 from 131 verified reviews
• Account sizes: $50K, $100K, $150K
• Evaluation: One-step, 3 minimum trading days (SELECT Daily) or 5 winning days (SELECT Flex)
• Profit split: 90% on both payout plans
• Drawdown: EOD (end-of-day) only — intraday volatility does not count
• Monthly fee: $103–$215 depending on account size
• Activation fee: $0

No daily loss limit structure: Tradeify SELECT Flex has no daily loss limit whatsoever. SELECT Daily enforces a modest buffer requirement but still no hard daily cap. The EOD drawdown calculation is the critical advantage here — your drawdown is only measured at market close (4:59 PM ET), meaning intraday spikes and volatility do not shrink your risk capacity.

Best for: Traders who want the lowest total cost of funding and prefer EOD drawdown rules over intraday trailing thresholds. SELECT Flex is ideal for swing traders; SELECT Daily suits active intraday traders who want frequent payouts.

3. My Funded Futures — Fastest Payouts, No Daily Limit

My Funded Futures (MFFU) launched in 2023 and quickly gained traction with a 4.9/5 Trustpilot rating from over 15,000 reviews. The firm reports a 25% pass rate — well above the 10–15% industry average — and offers some of the fastest payouts in the futures space.

Key stats (February 2026):

• Trustpilot rating: 4.9/5 from 15,000+ reviews
• Account sizes: $25K to $150K
• Evaluation: One-step
• Profit split: 80/20 standard; 90/10 on Rapid plan (updated January 2026)
• Drawdown: Static or trailing depending on plan
• Payout speed: 1-minute approvals on Rapid plan; daily payout option available
• Activation fee: $0 (eliminated in 2025)

No daily loss limit structure: MFFU eliminated daily loss limits across all evaluation plans. Their Rapid plan offers daily payouts with a 90/10 profit split, making it one of the fastest paths from evaluation to cash in hand. The firm also allows news trading and automated strategies, unlike many competitors.

Best for: Traders who prioritize fast payout processing and want daily access to profits. The Rapid plan with 90/10 split and daily payouts is unmatched in the industry as of early 2026.

4. Topstep — Original Futures Prop Firm, No Daily Limit

Topstep has operated since 2012, making it the longest-running futures prop firm in the space. The company rebranded from “TopstepTrader” to “Topstep” in 2020 and switched from a two-step to a one-step evaluation model in 2023. As of 2026, Topstep maintains a 4.3/5 Trustpilot rating from over 11,500 reviews.

Key stats (February 2026):

• Trustpilot rating: 4.3/5 from 11,500+ reviews
• Account sizes: $50K to $150K
• Evaluation: One-step Trading Combine
• Profit split: 80/20 standard; scaling available
• Pass rate: 16.8% on Trading Combines; 33.3% of funded traders receive payouts
• Total payouts: Over $150 million since 2012

No daily loss limit structure: Topstep’s Trading Combine enforces no daily loss limit. The firm uses a trailing drawdown model during evaluation, but funded accounts transition to a more forgiving structure. Topstep is often called the “gold standard” of futures prop firms due to its longevity and transparent track record.

Best for: Traders who want the credibility and stability of the longest-running firm in the space. Topstep’s 14-year operational history and $150M+ in payouts provide meaningful reassurance for risk-averse traders.

5. Take Profit Trader — Day 1 Payouts, Static Drawdown Option

Take Profit Trader offers Day 1 payout eligibility and a $0 activation fee. Their static drawdown option means your loss limit does not trail unrealized profits — a significant advantage for traders who prefer predictable risk parameters.

Key stats (February 2026):

• Account sizes: $50K to $200K
• Evaluation: One-step or two-step options
• Profit split: 80%–90%
• Drawdown: Static drawdown available (does not trail)
• Payout eligibility: Day 1 after passing evaluation
• Activation fee: $0

No daily loss limit structure: Take Profit Trader does not enforce daily loss limits. The static drawdown option is particularly attractive — it calculates your maximum loss from starting balance and never moves, meaning unrealized profit fluctuations do not affect your breach level.

Best for: Traders who want immediate payout eligibility and prefer static drawdown over trailing models.

No Daily Limit Futures Prop Firms: Quick Comparison

Firm	Trustpilot Rating	Max Account Size	Profit Split	Drawdown Type	Monthly Fee (50K)
Apex Trader Funding	4.4/5 (17K+ reviews)	$300K	100% first $25K, then 90/10	Trailing (becomes static)	~$167
Tradeify SELECT	4.8/5 (131 reviews, PropFirmMatch)	$150K	90/10	EOD (end-of-day)	$103–$150
My Funded Futures	4.9/5 (15K+ reviews)	$150K	80/20 (90/10 on Rapid)	Static or trailing	~$100
Topstep	4.3/5 (11.5K reviews)	$150K	80/20	Trailing	~$165
Take Profit Trader	Not widely tracked	$200K	80–90%	Static available	Varies

Note: Monthly fees vary by account size and promotional discounts. Apex frequently runs 80–90% discount campaigns; always check current pricing before purchasing.

Why No Daily Limit Matters for Futures Traders

Overnight Gaps and News Events

Futures markets gap overnight regularly. The ES contract (S&P 500 E-mini) can gap 20–50 points between the 4 PM close and the 6 PM reopen during major news releases. If you hold a position through that gap with a 5% daily loss limit, you can breach your account instantly — even if the market reverses in your favor hours later.

Firms with no daily limit remove this risk. A gap becomes a temporary drawdown you can manage rather than an instant account killer. This is critical for swing traders and anyone who trades around economic data releases like CPI, NFP, or FOMC.

Intraday Volatility During High-Impact Releases

Major economic releases create massive intraday wicks. A CPI print or Fed decision can move the ES 30–40 points in seconds, triggering stop hunts that reverse minutes later. With a 5% daily limit, that volatility can end your evaluation even if your directional bias was correct.

No daily limit firms focus on end results. If you finish the day profitable or within your maximum drawdown, intraday chaos does not matter. This aligns the firm’s incentives with genuine trading skill rather than penalizing traders for short-term market noise.

Psychological Freedom

Trading with a daily loss limit creates constant psychological pressure. Every losing trade forces you to calculate: “Can I afford one more loss today, or do I need to stop?” This often leads to premature exits, revenge trading, or overly conservative position sizing that undermines edge.

Removing the daily limit shifts focus to what actually matters: your overall drawdown and risk management. You trade your strategy without worrying about arbitrary 24-hour clocks.

The Trade-Off: What You Give Up With No Daily Limit

No daily loss limit does not mean unlimited risk. These firms compensate with other restrictions, and you need to understand the trade-offs before committing.

Trailing Drawdown Is Often More Restrictive

Most no-daily-limit firms (Apex, Topstep, My Funded Futures on some plans) use trailing drawdowns that move up with unrealized profit. This means a winning trade that partially reverses can “cost” you drawdown cushion even if you close flat or positive.

Example: You start with a $100K account and a $3,000 trailing threshold (breach at $97,000). You open a trade that goes up $1,000. Your threshold now trails at $98,000. If the trade reverses and you close at break-even, you have effectively “lost” $1,000 of your drawdown buffer even though you made $0 on the trade.

This is why EOD (end-of-day) drawdowns like Tradeify’s are meaningfully better — they only measure at market close, not intraday.

Consistency Rules and Position Sizing Caps

Apex enforces a 30% consistency rule (no single day can exceed 30% of total profit) and a 30% negative P&L rule (open position drawdown cannot exceed 30% of start-of-day profit). These are not daily loss limits, but they do restrict how aggressively you can trade.

Other firms have similar constraints. Always read the full rule set — “no daily limit” does not mean “no restrictions.”

Monthly Subscription Fees Are Higher

Futures prop firms with no daily limits tend to charge monthly subscription fees rather than one-time evaluation costs. Apex ranges from $137–$677/month depending on account size. This is more expensive over time than CFD prop firms that charge a one-time evaluation fee and refund it on first payout.

Calculate your total cost of funding before committing. If you take 3 months to pass an evaluation at $167/month, your total cost is $501 — higher than many one-time CFD evaluations.

How to Choose the Right No-Daily-Limit Futures Prop Firm

Match Drawdown Type to Your Trading Style

If you scalp or day trade with tight stops, a trailing intraday drawdown (Apex, Topstep) is manageable. If you swing trade or hold through volatility, an EOD drawdown (Tradeify) is far superior. Static drawdowns (Take Profit Trader) are the most predictable but often come with tighter initial thresholds.

Prioritize Payout Speed If Cash Flow Matters

My Funded Futures Rapid plan offers daily payouts with 1-minute approvals. Apex processes payouts every 8 trading days once eligible. Topstep operates on a bi-monthly schedule. If you need fast access to profits, payout velocity matters as much as profit split.

Check Contract Limits and Instrument Access

Not all firms offer the same contract limits. Apex allows up to 35 contracts on a $300K account. Smaller firms cap at 10–15 contracts even on large accounts. If you trade size, verify contract limits before purchasing an evaluation.

Also confirm which instruments are available. Most futures prop firms focus on ES, NQ, YM, and RTY (equity index futures). If you trade crude oil, gold, or other commodities, verify access before committing.

Read Community Feedback on Payout Reliability

All five firms listed here have established track records and verifiable payout histories. However, newer firms entering the space may advertise no daily limits but have inconsistent payout processing. Stick to firms with 1,000+ Trustpilot reviews and at least 12–18 months of operating history.

Red Flags to Watch For

Not all “no daily limit” claims are equal. Watch for these warning signs:

• Hidden consistency rules: Some firms advertise no daily limit but enforce undisclosed consistency caps that function like daily limits. Always read the full terms.
• Trailing drawdowns on unrealized P&L: If the drawdown trails intraday on open positions, you effectively have a soft daily limit even if it’s not called one.
• Retroactive rule changes: Apex has been criticized for changing rules mid-cycle. If a firm frequently updates terms without grandfather clauses, proceed cautiously.
• No clear legal entity: Futures prop firms should disclose their registered entity and jurisdiction. If this information is hidden, that’s a transparency concern.
• Crypto-only payouts: Reputable futures firms offer bank wire and ACH. Crypto-only payout models introduce unnecessary volatility into your income.

Bottom Line: Best Futures Prop Firm With No Daily Limit

If you prioritize scale and are comfortable with trailing drawdowns, Apex Trader Funding remains the industry leader with $300K accounts and a proven payout history exceeding $660 million.

If you want the lowest total cost and trader-friendly EOD drawdowns, Tradeify SELECT offers the best value proposition in 2026 with no activation fees and a 4.8/5 rating from verified reviews.

If payout speed is your top priority, My Funded Futures Rapid delivers daily payouts with 1-minute approvals and a 90/10 profit split — unmatched for cash flow.

For credibility and operational history, Topstep has 14 years of track record and over $150 million in payouts, making it the safest choice for risk-averse traders.

All four firms eliminate daily loss limits entirely, but the devil is in the details — drawdown type, payout speed, and total cost vary significantly. Take time to match the firm’s structure to your trading style before committing.

For more detailed comparisons, see our Apex Trader Funding review, Tradeify review, and futures vs CFD prop firms comparison.

Frequently Asked Questions

What does “no daily loss limit” mean in futures prop trading?

A futures prop firm with no daily loss limit does not cap how much your account can lose in a single 24-hour period. Instead, the firm enforces only a maximum drawdown — either trailing or static — calculated from your starting balance or equity peak. This removes the arbitrary constraint of a 5% daily loss rule that most firms impose, giving you flexibility to trade through volatility and hold positions overnight without fear of daily breach.

Which futures prop firm has the best no daily limit structure?

Tradeify SELECT offers the most trader-friendly structure with an EOD (end-of-day) drawdown that only measures at market close. This means intraday volatility does not affect your drawdown calculation. Apex Trader Funding has the largest account sizes ($300K) and highest total payouts ($660M+) but uses an intraday trailing drawdown. My Funded Futures offers the fastest payouts (daily, 1-minute approvals) on their Rapid plan. Your best choice depends on whether you prioritize drawdown type, account size, or payout speed.

Does no daily limit mean unlimited risk?

No. All no-daily-limit firms still enforce a maximum drawdown. Apex uses a trailing threshold (2.5%–6% depending on account size). Tradeify uses an EOD drawdown. Take Profit Trader offers static drawdowns. You can still lose your account if you breach the maximum drawdown — the difference is that breach is not calculated on a 24-hour basis, giving you more flexibility to manage positions through volatile sessions.

Are trailing drawdowns worse than daily loss limits?

Trailing drawdowns can be more restrictive than daily loss limits if they trail intraday on unrealized profit. A winning trade that partially reverses can reduce your drawdown cushion even if you close flat. However, EOD (end-of-day) trailing drawdowns like Tradeify’s are significantly better because they only measure at market close. Static drawdowns are the most predictable because they never move from starting balance.

Can I hold futures positions overnight with no daily limit firms?

Most no-daily-limit futures prop firms require you to close all positions by 4:59 PM ET each day. Apex, Topstep, and Tradeify enforce this rule during evaluation. My Funded Futures allows overnight holds on some plans. Always verify the specific overnight holding policy before purchasing an evaluation — “no daily limit” does not automatically mean overnight positions are allowed.