The products every ranking here leaves out
Instant funding, where the drawdown is what you are actually buying
6 of the 52 programmes on this site have no evaluation at all: no profit target, no phase, nothing to pass. Every other comparison here ranks by the chance a losing streak ends the attempt before the target — and on these there is no target and no attempt, so the measure has nothing to bite on. It returns a figure for the other 46 programmes and none for these 6, which is why they sit outside every ranking on this site, and that exclusion is where this page starts rather than a footnote at the end of it.
What is left once the target is gone is a loss limit. Every one of these carries an overall drawdown and 3 of the 6 carry a daily limit inside it, and these 6 disagree about the drawdown as completely as the data allows: between them they use all 4 drawdown types recorded across every programme on this site, from a floor that never moves to one that follows your equity high inside the session. The percentages run 5%–10%, and the percentage does not tell you which you are buying: 6% appears here as 3 different drawdown types.
The 6, ordered by how far the floor moves against you
| Product | Drawdown | Daily limit | Split | Fee ladder | Chance a streak ends it |
|---|---|---|---|---|---|
| City Traders Imperium Direct Funding | 6% Static the floor never moves | None published | 100% | $229–$3,999 5 sizes, $5K–$80K | —no target, so no figure |
| City Traders Imperium Instant Funding | 6% Static the floor never moves | None published | 100% | $79–$1,599 6 sizes, $1.25K–$40K | —no target, so no figure |
| Audacity Capital FTP (Instant Funding) | 10% Static the floor never moves | 5% ends the account measured from the day’s equity high | 80% | —no price we could cite | —no target, so no figure |
| Funded Trading Plus Instant | 6% Trailing, closed balance the floor rises when you bank a profit | 6% ends the account | 90% | —no price we could cite | —no target, so no figure |
| FundedNext Stellar Instant | 6% Trailing, end of day the floor rises at the end of the day | None published | 80% | $44.99–$449.99 4 sizes, $2K–$20K | —no target, so no figure |
| Funding Pips FundingPips Zero | 5% Trailing, intraday the floor follows your equity high | 3% ends the account | 95% | $60–$888 6 sizes, $5K–$200K | —no target, so no figure |
Sorted by how much the floor moves: static first, then trailing on closed balance, at end of day, and intraday. Fees are the prices displayed on the date each source was read, against the balance you actually trade rather than any larger figure advertised beside it. The last column is empty on purpose and is explained below. Audacity Capital's FTP (Instant Funding) and Funded Trading Plus' Instant carry no fee here: the rules were readable on a page we could cite and the prices were not, and a price that cannot be traced is not published on this site.
What ends you, once there is no target to reach
On an evaluation the overall drawdown is rarely what decides the outcome. Across the 46 programmes this site does rank, the daily limit is the tighter cap on 38 of them at 1% risk per trade — the drawdown is the number on the pricing page, and the daily limit is the number that ends the attempt. Delete the target and the drawdown stops being the third thing you check. At 3 of these 6 it is the only cap there is. At the other 3 a daily limit still sits inside it, and both are reproduced below.
3 of these 6 measure it from the balance you started with, so profit is distance from the floor and the account gets safer as it earns. The other 3 do not: the floor follows you up, and an account that has doubled is exactly as close to breaching as it was on day one. Same word on both pricing pages, opposite products underneath it.
A daily limit is the second thing that can end you, and only 3 of the 6 publish one — Audacity Capital's FTP (Instant Funding), Funded Trading Plus' Instant and Funding Pips' FundingPips Zero. At all 3 breaching it ends the account outright rather than pausing it until the next session. The remaining 3 — City Traders Imperium's Direct Funding, City Traders Imperium's Instant Funding and FundedNext's Stellar Instant — publish no daily cap at all, which sounds generous and means the drawdown is the only rope any of them has. At Audacity Capital's FTP (Instant Funding) that daily cap is measured from the day’s equity high rather than from where the day opened, so a session that rises and falls back can breach it while showing no loss.
And the absence of an evaluation does not always mean the absence of a hurdle: Audacity Capital's FTP (Instant Funding) (5 minimum trading days) still requires a minimum number of trading days on an account sold as funded from day one.
And a loss limit is not the only thing that closes one of these. Reading every recorded rule for one that ends the account for some other reason turns up 3 of them, at FundedNext's Stellar Instant and Funding Pips' FundingPips Zero:
- · FundedNext's Stellar Instant — Accounts inactive for 60 days are closed.
- · Funding Pips' FundingPips Zero — Holding any position over the weekend terminates the account.
- · Funding Pips' FundingPips Zero — Accounts with no completed trade for 30 consecutive days are breached.
The drawdown is still the rule the price is attached to, and it is still the one this page compares. It is not the only sentence that can shut an account you have already bought.
Each one, in its own firm’s words
The drawdown sentence for each, plus every additional rule recorded against it. These are the rules that replace the profit target, so they are reproduced rather than summarised.
City Traders Imperium — Direct Funding
6% · StaticA 6% drawdown measured from the balance you started with. It never moves, so every dollar of profit is a dollar further from the floor. No daily limit is published, so this is the only cap that can close the account.
- · The same product as Instant Funding without the half-sized start: full balance from day one and a 70% profit share from the first trade, for roughly three times the fee at the same traded size.
- · Same 6% static drawdown, same absence of a daily limit, same scaling ladder.
City Traders Imperium — Direct Funding — read 2026-08-06
City Traders Imperium — Instant Funding
6% · StaticA 6% drawdown measured from the balance you started with. It never moves, so every dollar of profit is a dollar further from the floor. No daily limit is published, so this is the only cap that can close the account.
- · No evaluation: "funded from day one". The 10% is a scaling milestone that doubles the balance, not a target to pass.
- · You start on half the advertised account size, and the profit share starts at 50% rather than the 80% the challenges pay. Reaching the full size and a 70% share means clearing the first 10% milestone.
- · Nothing is refundable on this programme either, and the reset discount is 10% rather than the challenges’ 15%.
City Traders Imperium — Instant Funding — read 2026-08-06
Audacity Capital — FTP (Instant Funding)
10% · StaticA 10% drawdown measured from the balance you started with. It never moves, so every dollar of profit is a dollar further from the floor. A 5% daily limit sits inside it and breaching it closes the account.
- · No evaluation and no profit target — the drawdown rules are the whole product.
- · The 5% daily limit trails the highest equity the account has reached, per the knowledge centre, while the page selling it promises "a static drawdown" with "nothing that tightens as you start to profit". Both are published; they cannot both be true.
- · Five minimum trading days, of which at least three must be profitable.
- · The fee is not refundable: "Refunds only apply to the Ability challenge and Ability one program."
- · The firm advertises this programme as "$5,000 to $50,000" in one place and "whether you start at $5,000 or $60,000" in another.
Audacity Capital — FTP (Instant Funding) — read 2026-08-06
Funded Trading Plus — Instant
6% · Trailing, closed balanceA 6% drawdown measured from the highest balance you have banked. Taking a profit raises the floor beneath you by the same amount, so a run of gains buys no extra room — only an unbanked one does. A 6% daily limit sits inside it and breaching it closes the account.
- · No evaluation: "there is no evaluation for this program". The 10% on that page is a scaling target, not a profit target.
- · The 6% trail locks at the starting balance, as on the 1-Step Express.
Funded Trading Plus — Instant — read 2026-08-06
FundedNext — Stellar Instant
6% · Trailing, end of dayA 6% drawdown measured from where your equity stood at the end of a session. Yesterday’s profit raises today’s floor, so the room you have is the room you had when the day opened, whatever the account is worth. No daily limit is published, so this is the only cap that can close the account.
- · No profit target — the account is live from day one.
- · Reward share starts at 70% and rises to 80% from the third tier.
- · Accounts inactive for 60 days are closed.
FundedNext — CFD trading objectives — read 2026-08-05
Funding Pips — FundingPips Zero
5% · Trailing, intradayA 5% drawdown measured from the highest equity the account has touched, while positions are open. A gain you never closed still raises the floor, so giving back an unrealised profit can end the account on a day it never lost money. A 3% daily limit sits inside it and breaching it closes the account.
- · A breached account can be reset at a discount within seven days: 15% off the evaluation, 7% off the funded account ($100K accounts and above excluded).
- · The trailing cap follows the highest recorded equity and locks at the starting size once equity reaches +5%; it never resets, including after rewards.
- · Rewards unlock after seven profitable days (0.25% or more each) in a rolling 30-day window; 95% split.
- · Holding any position over the weekend terminates the account.
- · Accounts with no completed trade for 30 consecutive days are breached.
FundingPips Help Centre — account models — read 2026-08-05
What skipping the evaluation costs
The only honest price comparison is inside one firm at one account balance, because a fee means nothing except against the capital it buys. Where a firm sells both at the same balance, this is the instant product against that firm’s own cheapest evaluation at that balance — the most favourable framing available to the instant product.
| Product | Balances compared | Instant fee | Same firm’s evaluation | Multiple | What that evaluation computes at |
|---|---|---|---|---|---|
| City Traders Imperium Direct Funding | $5K–$10K 2 of 5 sizes | $229–$399 | $49–$79 1-Step Challenge | 4.67×–5.05× | 54% |
| City Traders Imperium Instant Funding | $2.5K–$10K 3 of 6 sizes | $139–$449 | $29–$79 1-Step Challenge | 4.79×–5.68× | 54% |
| FundedNext Stellar Instant | $5K–$10K 2 of 4 sizes | $112.49–$224.99 | $24.74–$44.99 Stellar Lite | 4.55×–5.00× | 89% |
| Funding Pips FundingPips Zero | $5K–$200K 6 of 6 sizes | $60–$888 | $29–$844 2 Step Pro | 1.05×–2.07× | 98% |
Last column: the chance a losing streak ends that evaluation before its target, at 1% risk per trade, a 40% win rate and 2R winners — the measure the rest of this site runs on, computed for the evaluation being skipped and never for the product beside it. Audacity Capital's FTP (Instant Funding) and Funded Trading Plus' Instant are absent: no fee is recorded, or the firm sells no evaluation at the same balance.
The trade, stated plainly
At every one of the 13 balances where a firm here sells both, the instant product is the dearer purchase — 1.05×–5.68× the fee of that firm’s own cheapest evaluation at the same size. The widest gap is 5.68× — City Traders Imperium's Instant Funding at $10K: $449 against $79 for City Traders Imperium's 1-Step Challenge. The narrowest is 1.05× — Funding Pips' FundingPips Zero at $100K and $200K.
What the difference buys is skipping a filter, and this site puts a number on that filter — roughly 54%–98% across the evaluations in the table above, at 1% risk per trade. That is a real thing to pay to avoid. It is also the only thing being avoided. A drawdown still sits on the account you now own outright, and it is not the one you skipped: at every one of the 4 priced here it is not even the same kind of cap as the evaluation it replaces, and at 2 it is a smaller percentage as well. There is no second phase behind which it eases.
And the money does not come back: 5 of the 6 record no refund at all and Funded Trading Plus' Instant does not publish refund terms either way. The comparison is therefore kinder to the instant product than it looks: Stellar Lite, on the other side of that table, returns its fee on passing, so the real gap across a completed run is wider than the multiple shown.
One thing worth holding onto before the word “funded” does its work: City Traders Imperium, Funded Trading Plus, FundedNext and Funding Pips describe the capital in their own materials as simulated, and those citations are on the firm pages. Paying more to be funded immediately is paying more to reach a simulated account immediately. We have read no such wording from Audacity Capital, which is not the same as a firm saying the capital is real.
Same rules, different price, inside one firm
Every modelled rule identical: same drawdown, same type, same daily limit, same split, same refund terms. If the drawdown is the product, these are one product sold twice — and what separates them is packaging the rules do not record.
City Traders Imperium — Direct Funding and Instant Funding. Every one of them: a 6% static drawdown, no published daily limit, and a 100% split.
| Balance traded | Direct Funding | Instant Funding |
|---|---|---|
| $5K | $229 | $259 |
| $10K | $399 | $449 |
| $20K | $999 | $849 |
| $40K | $1,999 | $1,599 |
At the balance you actually trade, so the ladders are comparable. Across those balances the identical rules cost 1.13×–1.25× as much depending only on which of them you buy. And the ladders cross: the cheaper product at one balance is the dearer one at another, which cannot be a rules difference because there is not one.
A rule recorded above also prices this gap in words, and the ladders do not bear it out: Direct Funding — “The same product as Instant Funding without the half-sized start: full balance from day one and a 70% profit share from the first trade, for roughly three times the fee at the same traded size.” The published tiers put the gap at 1.13×–1.25×. We reproduce what the firm published and compute what its own price list says; where the two disagree, the figures above are the price list.
Why no probability is quoted on this page
Every other comparison here ends in a percentage: the chance a losing streak long enough to breach a cap turns up over the trades a profit target needs. Both halves of that are required. The caps give the streak length; the target gives the number of trades. Remove the target and the second half is not small or uncertain — it does not exist. There is no number of trades these 6 imply, because there is nothing you are trading towards.
A figure could be manufactured by choosing a horizon — a hundred trades, or a month — and computing against it. It would be a statement about the horizon we picked, dressed as a statement about the product, and it would sort these 6 into an order that our choice of horizon, not their rules, decided. So the column is empty and stays empty. The site’s own recommendation function agrees, by construction: handed only these 6, it returns nothing rather than naming one.
What can be compared is above, and it is arithmetic over published rules: which drawdown, measured how, with what sitting inside it, at what price against the same firm’s own evaluation.
What this page does not tell you
- · Whether the firm pays. An instant account moves that question forward rather than answering it: you reach the payout stage sooner and depend on it just as completely. No published rule speaks to it, so nothing here does.
- · How long these accounts last. Nobody publishes it, and unlike an evaluation there is not even a target from which a length could be inferred.
- · The scaling ladders. 3 of the 6 record a scaling milestone in the rules above — City Traders Imperium's Direct Funding, City Traders Imperium's Instant Funding and Funded Trading Plus' Instant. They are promises about the future rather than caps that can be compared today, so nothing here ranks them.
- · Fees are compared only within one firm and one currency, never converted. Across firms they are not the same comparison.
- · The splits shown (80%–100%) are the published maximums, and 2 of the 6 start lower and climb — City Traders Imperium's Instant Funding and FundedNext's Stellar Instant — which the rules above record and the column cannot.
Questions
- What is an instant funding prop firm?
- A firm that sells the funded account itself rather than a test of whether you deserve one. 6 such products are recorded here, from 5 firms: City Traders Imperium's Direct Funding, City Traders Imperium's Instant Funding, Audacity Capital's FTP (Instant Funding), Funded Trading Plus' Instant, FundedNext's Stellar Instant and Funding Pips' FundingPips Zero. None has a profit target and none has a phase to clear, so the only cap left to breach is a loss limit — the overall drawdown at all 6, plus a daily limit at 3. That makes the drawdown the thing being bought, and these 6 disagree about it completely: they use all 4 of the drawdown types recorded across this whole data set, at 5%–10% of the starting balance. A cap is not the only way the account can close, and the page says so: FundedNext's Stellar Instant and Funding Pips' FundingPips Zero also publish rules that shut it for something other than a loss.
- Which prop firms offer instant funding with no evaluation?
- Of the firms whose rules we have read from their own pages, 5 sell one: City Traders Imperium, Audacity Capital, Funded Trading Plus, FundedNext and Funding Pips. City Traders Imperium's Direct Funding (6% static), City Traders Imperium's Instant Funding (6% static), Audacity Capital's FTP (Instant Funding) (10% static), Funded Trading Plus' Instant (6% trailing, closed balance), FundedNext's Stellar Instant (6% trailing, end of day) and Funding Pips' FundingPips Zero (5% trailing, intraday). Every figure is dated and linked: 4 of the 6 cite the firm’s own page for that product, because those firms publish one page per product and nothing that covers them together, and the other 2 cite the firm’s rules page, which is where their rules are published.
- Is an instant funded account better than a challenge?
- It is a different purchase, and the honest comparison is a price against a filter. Where a firm here sells both at the same account balance, the instant product costs 1.05×–5.68× what its own cheapest evaluation costs. What the extra buys is skipping an evaluation, and at 1% risk per trade, a 40% win rate and 2R winners, this site computes those particular evaluations as ending in a losing streak roughly 54%–98% of the time. What it does not buy is safety: a drawdown still ends the funded account, and it is not the one you skipped — at every one of the 4 priced here it is not even the same kind of cap as the evaluation it replaces. Nor does the fee come back where an evaluation fee sometimes would: 5 of the 6 record no refund at all and the other does not publish terms.
- Why is there no pass rate or probability for instant funding here?
- Because the number this site computes elsewhere has nothing to attach to here, rather than being withheld. It asks how likely a losing streak long enough to breach a cap is over the trades a profit target needs — and with no target there is no number of trades to ask it over. The account runs until it breaches or until you stop, and those are two different horizons that no published rule sets. A figure could be produced by choosing a horizon ourselves, but it would describe the horizon we chose rather than the product, so this page publishes none and puts no substitute in its place.