Best No Evaluation Prop Firms (2024)

Looking to trade with a prop firm without dealing with evaluations or monthly fees? No evaluation prop firms might be your answer. These firms offer funded trading accounts without upfront costs or skill verification. But before diving in, you must weigh their pros and cons. This article highlights the top no evaluation prop firms, helping you pick one aligned with your trading style and objectives.

Quick Look: Best No Evaluation Prop Firms

• Best for Scalable Funding: The 5ers
• Best for Simple & Straightforward Trading: SurgeTrader
• Best for Funding Traders: FTUK
• Best for Flexible Trading: City Traders Imperium
• Best for Forex Trading: FundYourFX

Best No Evaluation Prop Firms

Here are Benzinga’s top picks for the best no evaluation prop firms.

1. Best for Scalable Funding: The 5ers

The 5ers, a prop trading firm and growth program, offers traders capital for forex, metals and indices trading. It absorbs all trading losses, alleviating concerns about personal funds. With no evaluation, instant funding and a profit split of 50% to 85%, traders can advance in the scaling plan, growing their accounts to $4 million. This distinctive scaling plan operates on the premise that for every 10% net profit target achieved, traders can effectively double their account size, culminating in the $4 million maximum limit.

2. Best for Simple, Straightforward Trading: SurgeTrader

SurgeTrader stands out as a top no evaluation prop firm, providing funded accounts to traders who meet audition and onboarding criteria. The audition is simple, with no time limits or complicated rules. Traders can choose from different types of auditions and funding tiers, depending on their preferences and goals. With straightforward trading rules, no time limits, monthly fees or hidden costs, traders retain up to 90% of profits and easily access payouts. The firm boasts responsive customer service and a user-friendly trader hub.

3. Best for Funding Traders: FTUK

FTUK is a standout prop trading firm renowned for its swift funding options and attractive fee structure. It provides traders immediate access to live accounts without needing an evaluation process. Funding options range from $14,000 to $90,000, with profit-sharing percentages up to 80%, depending on the chosen level. The firm charges a one-time payment for joining, ranging from $200 to $1,200, contingent on the funding amount. FTUK offers traders mentoring and coaching from seasoned professionals, access to a vibrant trading community and a wealth of educational resources.

4. Best for Flexible Trading: City Traders Imperium

City Traders Imperium (CTI) Direct Funding program offers up to $4 million in funded capital, accommodating diverse risk profiles and trading styles without evaluations or challenges. With a profit split of up to 100%, it removes minimum trading days or time constraints. Using a balance-based drawdown system, CTI fosters exponential growth and earnings, allowing any trading style, including Expert Advisors (EAs) and news trading. Low commissions and wide flexibility attract traders seeking substantial capital and profits without evaluation or time restrictions.

5. Best for Forex Trading: FundYourFX

FundYourFX is a no evaluation prop firm tailored for forex traders, offering instant funding starting from $6,000 with the potential to scale it to $2 million. Its streamlined process requires only handling fees and signing a contract to start trading. Traders can earn up to a significant 90% profit share that increases with account growth. They also get to keep 100% of the initial $5,000 in profits. The firm prioritizes risk mitigation, allowing fund trading with real funds while absorbing losses and instilling confidence and security in traders.

What is a No Evaluation Prop Trading Firm?

A no evaluation proprietary trading firm gives you access to a funded trading account without requiring you to pass an initial assessment or pay monthly fees. Instead, it requests a one-time refundable deposit from traders, serving as a security measure for the firm against losses or rule violations. In return, traders gain access to the firm's capital and retain a portion of the profits they generate. The initial deposit is refunded if a trader decides to leave or transition to another prop firm.

Unlike traditional prop firms, no evaluation prop firms skip the tough evaluation process where you prove your trading skills. Also, traditional firms charge a monthly fee for education, coaching and support. However, they typically offer more funding and profit share but have stricter rules.

How to Choose the Best No Evaluation Prop Firm

Picking the right no evaluation prop firm hinges on your trading style, goals, preferences and budget. Here's what to think about when comparing these firms.

Reputation and Trustworthiness

Prioritize evaluating the reputation and trustworthiness of a no evaluation prop company. You want to ensure that the prop firm is legitimate, reliable and transparent and that it will honor their promises and pay you your profits. Review the website, social media, testimonials, ratings and trader feedback. Reach out to customer support to address any concerns. Avoid firms with a history of scams, payment delays, poor communication or service.

Trading Platforms and Technology

Consider the trading platforms and technology the prop firm offers. Confirm it supports your preferred platform and provides tools to enhance trading performance. Check for a fast, stable connection and backup systems for technical issues. You can check the trading platforms and technology of a prop firm by looking at the website or by requesting a demo or a trial account to get firsthand experience.

Funding and Withdrawal Options

Next, assess the funding and withdrawal options available. Ensure its funding amounts and profit splits align with your trading goals and expectations. Check for transparent fee structures and secure payment methods. Verify the ease and speed of their withdrawal process through the website or by contacting customer support.

Risk Management and Support

Scrutinize the prop firm's risk management policies and support services. Ensure it employs realistic and fair risk management practices without imposing unreasonable penalties on your trading account. Look for evidence of a responsive support team offering guidance, education and feedback to improve your trading skills. Review the website or contact support to clarify their risk management protocols and available user support.

Profit-Sharing Structure

Examine the profit-sharing structure. You want to ensure that the prop firm has a transparent and generous profit-sharing structure and that its doesn’t deduct hidden or excessive fees or commissions from your profits. Check for a flexible withdrawal schedule without limitations. Explore the website or consult customer support to understand the profit-sharing model comprehensively.

Choosing Your No Evaluation Prop Firm

Trading with a no evaluation prop firm can be a great way to access the financial markets with a funded trading account without having to pass an evaluation or pay a monthly fee. However, not all no evaluation prop firms are created equal, and you need to do your research and due diligence before you sign up with one.

Choosing a no evaluation prop firm is about finding the right fit for your trading style and goals. It's essential to look for reliable, user-friendly platforms, funding options that match your needs and good support.

Ensure the firm's risk management approach works for you and the profit-sharing feels fair. Ultimately, the best choice will be the one that feels like a good match for your trading journey, supporting your success and growth as a trader.

Frequently Asked Questions