Which prop firms have no daily drawdown limit?

Maven Trading, Goat Funded Trader, Lux Trading Firm, City Traders Imperium, For Traders, The5ers each sell at least one evaluation that publishes none — 11 programmes in all. Several of them state the absence rather than omitting it, which is the difference between a rule that does not exist and a rule that was not published.

Is a challenge without a daily loss limit easier?

Not on its own, and the range here is the argument: 2% to 95%. Removing the daily cap removes one way to fail and hands the decision to the overall drawdown, which is then the only limit left. Across these 11 that drawdown runs from 3% to 10% — at 1% risk per trade, 3 consecutive losses against 10. Of the firms selling both shapes, 4 are better without a daily cap and 3 are worse.

Why does the overall drawdown decide everything here?

Because nothing else can. On a programme with a daily cap, that cap is almost always reached first — a 10% overall allowance means little if 3% in one day ends the attempt. Take the daily cap away and the overall figure is the whole risk budget, so the number of consecutive losses you can survive is exactly what it buys. Every programme in the table below breaks at precisely that count, which is asserted rather than assumed.

So what should I actually compare?

Two numbers, and they are both on the pricing page. The overall drawdown says how long a losing run may run; the profit target says what you have to achieve with what is left. Where two programmes here share a drawdown, the target orders them exactly, because there is nothing else in the rules to order them by.

The rule that is missing, at six firms

No daily loss limit sounds like freedom. These 11 span 2% to 95%.

Most pages on this site end up at the daily loss limit, because it is the rule that ends an attempt rather than the one you work towards. These 11 evaluations publish none at all — and they are 93 percentage points apart, which means the absence by itself tells you almost nothing.

What it does is hand the decision to the overall drawdown, the only cap left. Across these it runs from 3% to 10% — at 1% risk per trade, 3 consecutive losses against 10. Two published numbers explain every row below, and there is nothing else in the rules to look at.

The 11, and what each firm does with a daily limit instead

Firm	Programme	Drawdown	Losses	Target	Fails	Their best with a daily cap, and the gap
Maven Trading	Buy Now, Pay Later	10%	10	4%	2%	Standard 2-Step 91% ↓ 89
Goat Funded Trader	Pay Later Model	8%	8	4%	5%	GOAT Blitz 60% ↓ 55
Lux Trading Firm	1-Step Evaluation — $100K	6%	6	10%	43%	sells none with one
Lux Trading Firm	1-Step Evaluation — $400K	6%	6	12%	49%	sells none with one
Lux Trading Firm	INSTA	6%	6	12%	49%	sells none with one
City Traders Imperium	1-Step Challenge	5%	5	8%	54%	2-Step Challenge 78% ↓ 24
Lux Trading Firm	1-Step Evaluation — $1M	6%	6	15%	58%	sells none with one
Maven Trading	Prediction Markets One-Step Elite	5%	5	9%	59%	Standard 2-Step 91% ↓ 32
For Traders	Fast Pro (Crypto)	4%	4	6%	64%	Pay After Pass (Forex) 42% ↑ 22
The5ers	Bootcamp	5%	5	18%	84%	Hyper Growth 43% ↑ 41
Maven Trading	Prediction Markets One-Step Essential	3%	3	9%	95%	Standard 2-Step 91% ↑ 4

At 1% risk per trade, a 40% win rate and 2R winners. In the last column, a green ↓ means the programme without a daily cap is that many points better than the best one the firm sells with a cap, and an orange ↑ means it is that many points worse. The losses column is the drawdown column divided by the risk per trade, exactly, on every row — that is the mechanism, and the build fails if a programme here stops obeying it. Two rows carry a drawdown that trails within the trading day, which this model applies at its starting level and so measures optimistically: Goat Funded Trader's Pay Later Model and Maven Trading's Prediction Markets One-Step Essential.

Why the drawdown becomes the whole answer

On a programme with a daily cap, that cap is almost always what ends the attempt. A firm advertising an 8% overall drawdown beside a 3% daily one is advertising the 8% and selling the 3%: at 1% risk per trade you get three consecutive losses, and the larger number never gets the chance to matter. Maven Trading are the clearest case — five evaluations whose daily caps explain a 98-point spread their profit targets do not touch.

Take the daily cap away and the overall figure stops being decoration. It is the entire risk budget, so the number of losing trades an attempt survives is exactly what it buys: 3% buys 3, 10% buys 10. Because the chance of a losing run reaching a given length falls away exponentially, those seven extra trades are worth more than any difference in profit target on this page.

Which is why Maven Trading's Buy Now, Pay Later and Maven Trading's Prediction Markets One-Step Essential can both advertise the same missing rule and sit 93 points apart. One pairs it with a 10% drawdown and asks 4%; the other pairs it with 3% and asks 9%.

3 of these are worse off without the daily cap than with one

Of the 7 programmes here whose firm also sells something with a daily loss limit, 4 are better off without it and 3 are worse. Maven Trading are on both sides, with the largest example of each. The reversals, biggest first:

· The5ers. Bootcamp has no daily cap and fails 84% of the time; Hyper Growth has a 3% one and fails 43% — 41 points better with the rule than without it.
· For Traders. Fast Pro (Crypto) has no daily cap and fails 64% of the time; Pay After Pass (Forex) has a 3% one and fails 42% — 22 points better with the rule than without it.
· Maven Trading. Prediction Markets One-Step Essential has no daily cap and fails 95% of the time; Standard 2-Step has a 4% one and fails 91% — 4 points better with the rule than without it.

Nothing paradoxical is happening. Those programmes pair the missing daily cap with a tight overall drawdown and a large profit target, and both of those cost more than the missing rule saves. “No daily drawdown” is a feature of one line in a rulebook, and a rulebook is not one line.

What this does not measure

· Whether the daily cap comes back once funded. It does at some of these. Maven publish a 4% end-of-day limit on the funded account that the evaluation does not have at all, so the missing rule is missing for the cheap half of the relationship.
· How the drawdown is measured. static, trailing-intraday, trailing-close, trailing-eod all appear above. This model applies every cap at its starting level, which is pessimistic on a static one and optimistic on a trailing one.
· Minimum trading days and time limits, which several of these carry and none of which the figures above can see.
· Assumes each trade is independent. Correlated positions — three majors against the dollar — lose together and count as one.
· Assumes every trade risks the same amount. Raising size after a loss shortens the streak you can survive.
· Uses your stated win rate. If that came from a demo account or a good month, the figure below is optimistic.
· Whether any of these firms pay. No published rule answers that.

On the numbers above

Maven Trading — Buy Now, Pay Later

It comes out ahead on the chance a losing streak ends the attempt, at 1% risk per trade, at 2% — 41 percentage points clear of Lux Trading Firm's 1-Step Evaluation — $100K, the next best.

This is computed from the published rules, not chosen. Whichever programme wins that calculation appears here, including firms we earn nothing from, and it changes when the rules do. It says nothing about the fee, what changes once funded, or whether the firm pays.

One thing to know before you act on it: Maven Trading does not publish a fee for this programme by account size, so what it costs cannot be shown here. Any “from” price beside it in a table on this site is the cheapest across everything that firm sells, not the price of this.

Open Maven Trading → Read its rules here first

Questions

Which prop firms have no daily drawdown limit?: Maven Trading, Goat Funded Trader, Lux Trading Firm, City Traders Imperium, For Traders, The5ers each sell at least one evaluation that publishes none — 11 programmes in all. Several of them state the absence rather than omitting it, which is the difference between a rule that does not exist and a rule that was not published.
Is a challenge without a daily loss limit easier?: Not on its own, and the range here is the argument: 2% to 95%. Removing the daily cap removes one way to fail and hands the decision to the overall drawdown, which is then the only limit left. Across these 11 that drawdown runs from 3% to 10% — at 1% risk per trade, 3 consecutive losses against 10. Of the firms selling both shapes, 4 are better without a daily cap and 3 are worse.
Why does the overall drawdown decide everything here?: Because nothing else can. On a programme with a daily cap, that cap is almost always reached first — a 10% overall allowance means little if 3% in one day ends the attempt. Take the daily cap away and the overall figure is the whole risk budget, so the number of consecutive losses you can survive is exactly what it buys. Every programme in the table below breaks at precisely that count, which is asserted rather than assumed.
So what should I actually compare?: Two numbers, and they are both on the pricing page. The overall drawdown says how long a losing run may run; the profit target says what you have to achieve with what is left. Where two programmes here share a drawdown, the target orders them exactly, because there is nothing else in the rules to order them by.

Where these rules were read

Maven Trading — FAQ — read 2026-08-23

Goat Funded Trader — models — read 2026-08-06

Lux Trading Firm — trading rules — read 2026-08-06

City Traders Imperium — 2-Step Challenge — read 2026-08-06

For Traders — our rules — read 2026-08-23

The5ers — challenge programmes explained — read 2026-08-05

Maven Trading → Goat Funded Trader → Lux Trading Firm → City Traders Imperium → For Traders → The5ers →