Skip to main content

We use cookies to analyze traffic and improve your experience. You can accept or manage your preferences. Privacy Policy

Live
NEWSNEUTRALS&P 500 muted as industrials counter tech drag; US-Iran peace prospects rise - ReutersReuters1hNEWSBEARISHPolymarket makes moves to get house in order before expected boom times for prediction markets this fallCNBC2hNEWSBEARISHGulf stocks fall on fading prospects of US-Iran deal - ReutersReuters2hNEWSNEUTRALMy 401(k) fully vests this month—why my latest work anniversary is worth thousandsCNBC3hNEWSBEARISHHouthi attack on small cargo ship in Red Sea kills three crew members, sources say - ReutersReuters4hNEWSBULLISHIHG's room revenue growth slows as Iran war offsets US, China growth - ReutersReuters5hNEWSNEUTRALUKMTO reports incident involving container ship and military forces in Gulf of Oman - ReutersReuters5hNEWSBULLISHRupee retreats to near two-week low as US-Iran standoff pushes oil higher - ReutersReuters6hNEWSBEARISHGulf shipping traffic via Strait of Hormuz falls to six vessels - ReutersReuters11hNEWSBULLISHOil firm as US-Iran impasse drags on; stocks edge up - ReutersReuters14hNEWSNEUTRALS&P 500 muted as industrials counter tech drag; US-Iran peace prospects rise - ReutersReuters1hNEWSBEARISHPolymarket makes moves to get house in order before expected boom times for prediction markets this fallCNBC2hNEWSBEARISHGulf stocks fall on fading prospects of US-Iran deal - ReutersReuters2hNEWSNEUTRALMy 401(k) fully vests this month—why my latest work anniversary is worth thousandsCNBC3hNEWSBEARISHHouthi attack on small cargo ship in Red Sea kills three crew members, sources say - ReutersReuters4hNEWSBULLISHIHG's room revenue growth slows as Iran war offsets US, China growth - ReutersReuters5hNEWSNEUTRALUKMTO reports incident involving container ship and military forces in Gulf of Oman - ReutersReuters5hNEWSBULLISHRupee retreats to near two-week low as US-Iran standoff pushes oil higher - ReutersReuters6hNEWSBEARISHGulf shipping traffic via Strait of Hormuz falls to six vessels - ReutersReuters11hNEWSBULLISHOil firm as US-Iran impasse drags on; stocks edge up - ReutersReuters14h

Prop Firms With No Daily Loss Limit

A daily loss limit (DLL) caps how much you can lose in a single session. While protective, it restricts traders who manage risk through position sizing rather than arbitrary daily caps. Firms without a DLL give you full intraday freedom. New to DLLs? Start here first.

Below are all firms ranked by daily loss limit policy — firms without any DLL appear first. Your only constraint with these firms is the overall maximum drawdown.

Who Actually Benefits From No Daily Loss Limit

A daily loss limit is a firm's way of saving undisciplined traders from themselves. Hit the cap, you are done for the day — no revenge trades, no tilt-induced blow-ups. For the trader profile it is designed for, it works. But for a specific subset of professional-style traders, the same rule is the single biggest handicap on the account: it converts a temporary drawdown inside a session into a hard stop before the setup they were waiting for has even formed.

Firms without a DLL suit three profiles. First: session traders who run multiple setups per day and need to continue trading after an early loss to capture the rest of their playbook. Second: scalpers whose raw R ratios produce frequent drawdowns that are recovered in the same session. Third: event traders who position around FOMC or CPI and accept that a single news release can move against them before it moves with them. If any of those describes you, a DLL is actively costing you edge.

The tradeoff is real: without a DLL, your maximum drawdown is the only safety net — one catastrophic session can still end your account. If you doubt your discipline, pair a no-DLL firm with a forgiving overall drawdown model and set a self-imposed daily cutoff. If you want maximum intraday freedom with zero guardrails, the firms below are your shortlist.

Best Choice For You

Computed from live data.

All Firms by Daily Loss Limit

Swipe →

#FirmDaily Loss LimitPrice (From)Profit TargetDrawdownPayout SpeedProfit SplitDeal
1Alpha Futures
None$40/mo$3,000Hybrid DrawdownUp to 4x/month90%50% OFFFUNDED
2Elite Trader Funding
None$59/mo$3,000Trailing (real-time)Twice weekly (Mon & Wed)100%70% OFFJUNE70
3YRM Prop
None$69$3,000End-of-Day Trailing DrawdownPer cycle (6 qualifying days)90%30% OFFAUG30
4Bulenox
$1,100$13/mo$3,000Flexible Drawdown (Intraday + EOD options)Weekly (Wednesdays)100% / 90%89% OFFFUTURESFURY
5AquaFutures
$1,250$51/mo$3,000End-of-Day Trailing DrawdownWeekly80% / 70%40% OFFSUNSET
6Blue Guardian
$1,250$55/mo$3,000Trailing (real-time)Weekly85%35% OFFBGF35
7BluSky Trading
4.4
$2,000$59/mo$3,000Flexible Drawdown (Intraday + EOD options)Daily (M-F, $250 min, above buffer)90%
8Top One Futures
$1,250$59$3,000End-of-Day Trailing DrawdownBi-weekly90% / 80%60% OFFFURY
9TradeDay
N/A$79/mo$3,000Flexible Drawdown (Intraday + EOD options)Day 1 (next business day processing)80% (90% after $50K, 95% after $100K withdrawn)55% OFFFuturesFury
10E8 Markets
$2,000$113$3,000EOD (End of Day)Bi-weekly80%25% OFFE8

Decision Guide

If you prioritize full intraday freedom → choose Alpha Futures (no daily loss limit — only max drawdown applies)

If you prioritize no DLL + lowest cost → choose Alpha Futures (no DLL from just $40/mo)

If you prioritize no DLL + best drawdown → choose Alpha Futures (Hybrid Drawdown with no daily cap)

DLL vs No DLL: Trade-offs

Without a DLL, you can recover from morning losses within the same session. This suits traders who adjust mid-day and work through choppy conditions. With a DLL, you are forced to stop after hitting the daily cap, which can prevent recovery trades.

The trade-off: no DLL means one bad day can consume your entire drawdown buffer. If you lack discipline, a DLL acts as a forced stop-loss. For more on drawdown safety, see low drawdown firms.

Keep Reading

More ways to compare and save

Want to explore all prop firm guides in one place? Visit our prop firm guides hub to compare pricing, rules, payouts, and more.

Frequently Asked Questions

What is a daily loss limit in prop trading?
A daily loss limit caps how much you can lose in a single trading day. Once hit, you must stop trading for the day. Exceeding it may result in account termination depending on the firm.
Which prop firms have no daily loss limit?
Alpha Futures, Elite Trader Funding, and YRM Prop offer evaluations with no daily loss limit. You are still subject to maximum trailing drawdown, but intraday losses are not separately capped.
Is no daily loss limit better for traders?
For experienced traders who manage risk themselves, yes. No DLL allows recovery from a bad morning within the same session. For newer traders, a DLL can serve as a helpful guardrail preventing catastrophic single-day losses.
How does no daily loss limit affect risk?
Without a DLL, your only constraint is the overall max drawdown. This means you could theoretically lose your entire drawdown buffer in a single day. The advantage is flexibility; the risk is that one bad day can end your account.
Do firms with no daily loss limit have stricter drawdown?
Not necessarily. Firms compensate differently — some have tighter max drawdown, others have stricter consistency rules. Always evaluate the full rule set, not just DLL in isolation.