10 Best Pipcy Alternatives for No Daily Drawdown Limits

Finding a prop firm that works for your style of trading can be tricky, especially when your trading decisions are constrained by daily drawdown limits. Some traders might like Pipcy, but others prefer funding programs that offer more flexibility and don’t have daily loss limits.

Luckily, there are several alternatives that come with different funding options, account sizes, profit splits and drawdown structures. In this guide, I’ll review the Best Pipcy Alternatives for No Daily Drawdown Limits that don’t have daily drawdown limits, pointing out the key features and what makes each option worth considering.

How to Choose the Best Pipcy Alternative?

Check the Daily Drawdown Rules: Select a prop firm that doesn’t have any daily drawdown limits on its accounts and ensure that it applies to its evaluation, funded, or instant funding programs.

Compare Maximum Drawdown: Look at the maximum overall drawdown percentage and see if the firm uses static, trailing or End-of-Day calculations to account for losses.

Review Account Sizes Consider the account sizes available, initial funding costs, and maximum allocation caps to find a program that suits your trading experience and capital needs.

Study Profit Sharing: Review the starting profit sharing percentage, potential increases, and withdrawal terms to understand how much of your trading profits you can actually keep.

Know Payout Policies Before you join a prop trading firm, check first payout eligibility, withdrawal frequency and processing times, minimum withdrawal amounts, and whether they require consistency.

Check out Trading Platforms: Choose a company that offers reliable platforms like MT4, MT5, NinjaTrader, Tradovate or cTrader, depending on the trading environment and instruments you want to use.

Check Trading Restrictions: Before you buy an evaluation or funded account, check the news trading, weekend holding, overnight positions, Expert Advisor permissions, copy trading rules and prohibited strategies.

Compare Pricing and Refunds: Check the fees for challenges, resets, refunds, and account activation to discover a transparent funding program that offers appropriate trading conditions.

Benefits of Choosing a Prop Firm Without Daily Drawdown Limits?

Greater Flexibility in Trading: Traders have the ability to manage their positions without the worry of a separate daily loss limit, thus giving them more flexibility in dealing with market shifts and modifying their trading approaches.

Improved Risk Management: Traders are not restricted by daily drawdowns and can focus on managing the risk of their overall account, their individual loss limits and decisions according to their own trading methods.

Flexibility in Volatile Markets: Traders can trade in volatile markets without being subject to a daily loss limit, as long as they adhere to the firm’s total maximum drawdown and trading rules.

Good for Swing Trading: Traders who hold positions over multiple sessions can benefit from fewer daily loss restrictions, enabling them to weather market movements without additional daily drawdown pressure.

Reduced Trading Pressure: By eliminating a separate daily loss limit, traders may feel less pressure to meet stringent daily limits. This can enable them to focus on disciplined execution and consistent decision making.

Flexible Trading Strategies: Depending on the execution policies of the firm, maximum drawdown rules, and strategy restrictions, traders can deploy different strategies, including scalping, intraday trading, and swing trading.

Better Position Management Traders can manage their open positions relative to market conditions rather than having to make every trade contingent on a daily loss limit while keeping responsible overall account exposure.

More Emphasis on Long-Term Performance: Rather than focusing purely on staying within daily loss limits, traders can focus on overall account growth, consistent execution and sustainable risk management.

10 Best Pipcy Alternatives for No Daily Drawdown Limits

• MyFundedFutures – Offers funded trading programs with no daily drawdown limits on its qualifying account types, allowing traders to focus on overall drawdown management rather than daily loss restrictions.
• City Traders Imperium (CTI) – Features Long-Term Trader and select funding programs that remove daily loss caps, making it a strong choice for swing and position traders.
• Apex Trader Funding – Provides certain account models without daily drawdown limits, giving futures traders more flexibility during volatile market conditions.
• Take Profit Trader – Known for futures funding accounts where traders manage a maximum drawdown rather than a daily loss threshold.
• The Upside Funding – Offers one-step evaluation programs with no daily drawdown restrictions, benefiting traders who prefer flexible risk management.
• Phoenix Trader Funding – Includes funding plans that eliminate daily loss rules and instead rely on overall account drawdown limits.
• FundYourFX – Provides forex-funded accounts with no daily drawdown requirement on select plans, giving traders greater freedom in trade execution
• Lux Trading Firm – Utilizes overall maximum drawdown controls rather than daily loss limits, making it suitable for longer-term trading strategies
• Instant Funding – Offers instant-funded account options without daily drawdown limits, allowing traders to focus on maintaining total account risk parameters.
• Funded Trading Plus – Features instant funding programs with flexible drawdown structures and account models that do not enforce daily drawdown restrictions

1. My Future Funding

MyFundedFutures is a prop firm that focuses on futures and provides simulated evaluation accounts that can lead to funded trading. Plans start around $75-159 typically for account sizes of $50K and up. Many plans do not have a hard daily drawdown. Maximum drawdown is usually $2,000, based on end of day or intraday trailing rules depending on the plan.

Traders must hit a profit target (usually $3,000) before being funded. Payouts are every 48 hours, daily or bi-weekly. Profit splits are 80/20 or 90/10. It supports futures trading on platforms like Tradovate and Quantower.

Main Features

• Provides a variety of futures funding programs including Rapid, Starter and Expert.
• Offers account sizes with varying profit targets and drawdown requirements.
• No separate daily loss limit on rapid accounts.
• Supports futures trading via platforms like NinjaTrader, Tradovate, and TradingView compatible connections.
• Allows for profit withdrawals as per the payout rules and eligibility of each plan.

Suggested For

• Futures traders seeking alternatives to daily loss limits.
• Traders who want more than one option for funding programs.
• Experienced traders who want flexible withdrawal schedules.
• Traders seeking access to established futures trading platforms.

2. City Traders Imperium (CTI)

City Traders Imperium is a forex and CFD prop firm based in the UK, and it offers flexible funding paths like evaluation, instant funding and scaling programs. Prices vary by size of the account and the program, and may be one-time or subscription-based.

The maximum drawdown of an account is between about 5% and 10% depending on if it is evaluation, instant or scaled funding. CTI offers trailing and static drawdown models. Profit shares range up to 80%–100% and payouts are weekly, monthly or on demand depending on the trader tier. It mainly provides forex, indices, metals and commodities on MetaTrader platforms.

Main Features

• Provides Instant Funding as well as Direct Funding, with no underwriting period.
• No daily drawdown limit for CTI Instant and Direct Funding programs.
• Offers 6% static maximum drawdown on these funding programs.
• For MetaTrader 5 and Match-Trader platforms.
• Provides news trading, overnight holding, weekend holding and scaling opportunities up to $2 million per account.

Ideal for

• Forex and CFD traders who don’t want daily drawdown limits.
• Traders who want instant funding without the hassle of being evaluated.
• Traders who prefer static draw down over trailing draw down.
• Experienced traders who want to scale up to higher funding

3. Apex Trader Capital

Apex Trader Funding is one of the biggest prop firms for futures. They offer evaluation accounts from $25K up to $300K. Pricing is typically monthly, with frequent discounts, and account fees vary with size.

Apex has a trailing max drawdown but no daily drawdown limit, e.g. $1,000 on a $25K account and $2,000 on $50K. Traders must hit profit targets. This could be $1500 on $25K or $3,000 on $50K.

Qualifying payouts may allow for profit splits as high as 100%, subject to consistency rules. It supports futures trading on Rithmic, Tradovate, NinjaTrader, TradingView, and more.

Main Features

• Provides futures evaluation accounts with $25,000, $50,000, $100,000 and $150,000 account sizes.
• Intraday Trailing & End of Day (EOD) drawdown options.
• Intraday Evaluation Accounts do not have a daily loss limit per account.
• Offers up to 100% payout share under qualifying payout conditions.
• Futures trading with a variety of contract sizes and tiered position limits.

Best For

• Futures traders seeking an intraday drawdown option with no daily loss limit
• Traders who like to choose between EOD and intra-day drawdown.
• Seasoned traders looking for bigger futures accounts.
• Traders comfortable with structured pay out requirements of performance accounts.

4. Take Profit Trading

Take Profit Trader is a futures prop firm with PRO accounts from $25K to $150K. The evaluation costs about $130 as a one-time PRO fee, while testing accounts can opt for monthly subscriptions. There is no daily loss limit but it has a trailing drawdown of $1,500-$4,500 depending on account size.

Traders need a 6% profit target and at least three trading days to go by. The standard PRO split is 80/20, but PRO+ live accounts have a 90/10 split. Payouts can be made on demand but you must first build a buffer of the drawdown. It supports futures through platforms like CQG and Rithmic.

Main Features

• Provides a drawdown model at End-of-Day for futures trading evaluations.
• No daily loss limit during the Test evaluation phase.
• Allows eligible traders to request PRO account withdrawals from the day 1.
• Provides profit split of 80% for PRO accounts and 90% for PRO+ accounts.
• Compliance with applicable rules to copy accounts and to have multiple simultaneous trading accounts.

Best suited For

• Futures traders that want no daily loss limit during eval.
• Traders who like End of Day drawdown calculations.
• Traders who desire daily or frequent payout opportunities.
• Traders wanting to move up from Test accounts to PRO and PRO+ accounts

5. The Upside Capital

The Upside Funding is a multi-asset prop firm offering both one-step and two-step evaluation programs and instant funding options. Prices are based on account size and type of program and fees are generally paid in advance. Its one-step program has no daily drawdown and a trailing maximum drawdown of 4%.

Its two-step program uses a 4% daily static loss limit and an 8% total static drawdown. Profit targets are based on program and account size. The profit split is up to 90% depending on the plan for traders. It offers forex, indices, commodities and crypto, usually through MetaTrader or compatible trading platforms.

Main Features

• Provides 1-Step and 2-Step evaluation programs.
  The 1-Step evaluation has no daily drawdown limit and uses a 4% trailing max drawdown.
• Offers a 2-Step option with a fixed maximum drawdown of 8% and daily drawdown of 4%.
• Provides rules allowing news trading, holding over the weekend and automated trading tools.
  -Profit share up to 95% and scaling possibilities up to $1.5 million.

Ideal For

• Forex and CFD traders looking for a no daily drawdown evaluation.
• Traders who are looking for a one-phase evaluation.
• Traders that want EA automation for their trading.
• Experienced traders, seeking larger profit shares and account expansion

6. Phoenix Trader Fund

Phoenix Trader Funding is a prop trading firm that trades futures and has accounts such as Classic, Daily, Spark, and Merit. Pricing is by account size and model. Classic accounts may start at $89 for $25K and $269 for $100K. Most accounts use end-of-day trailing drawdown, eg $1,500 for a $25K Classic account, while Merit uses static drawdown.

Profit goals are usually 6% of the starting balance. Profit splits range from 50% to 90% with some plans getting higher after certain conditions are met. Payments can be made weekly, bi-weekly, daily or on demand. It supports futures trading on major futures engines.

Characteristics

• Provides various types of futures evaluation and funding accounts.
• Offers End-of-Day drawdown options in its evaluation programs.
• Has different drawdown structures for the Challenge, Pre-Funded and Funded-Tier phases.
• Offers integrated trading tools like its platform, copier, journal and analytics.
• It allows scaling opportunities and does not have maximum withdrawals at the Funded-Tier level.

Best For

• Futures traders who like End-of-Day drawdown structures.
• Traders looking for multiple funding stages.
• Traders who want an integrated trading analytics and journaling solution.
• Traders looking to scale and make larger withdrawals.

7. FundYourFX

FundYourFX is a forex and CFD prop firm with one-step, two-step, instant funding, and 10X Quest programs. Pricing varies based on account size and program, and fees are paid in advance. It uses static maximum drawdowns of 6%, 8% or 10% depending on the plan, in addition to daily loss limits of 4% or 5% based on end of day balance.

Profit targets vary from 6% to 12% based on the challenge. Profit splits start at 50%-85% and can reach 95% after consecutive payouts. Minimum payout is $150, paid weekly or bi-weekly. It provides forex, indices, metals and commodities through MetaTrader platforms.

Main Features

• Provides 1-Step, 2-Step and Instant Funding programs.
• Offers a variety of maximum drawdown schemes including static and trailing models.
• Supports forex trading with leverage up to 1:100 on eligible programs.
• Allows Expert Advisors, news trading and holding trades over a weekend, subject to your plan’s individual limitations.
• Provides profit sharing options that can be as high as 95% on certain programs.

Best For

• Forex traders who are looking for different valuation structures.
• Traders who like the static drawdown account option.
• Automated strategies traders and Expert Advisors
• Traders who are looking to grow their accounts and improve profit sharing opportunities

8. Lux Trading Company

Lux Trading Firm is a prop firm in a professional style. They provide large forex and CFD accounts including 100K, 400K and 1M options. The cost of the one-step assessment is £199, £449 or £999 respectively and is refundable on passing. It uses a 6% static maximum drawdown on account sizes. The profit targets are 10%, 12% and 15% depending on the account size.

There is no fixed daily drawdown, but traders must respect the total loss limit. Traders using the fund get 80% of the profits. You can request a payout when your account is in profit and all positions are closed. It provides forex, indices, metals and commodities on institutional-style trading platforms.

Main Features

• Offers various trader funding programs with different account progression structures.
• Provides scaling opportunities for traders who meet performance criteria.
• Has set maximum loss and risk-management rules in its funding programs.
• Offers Forex, indices, commodities and other CFD trading opportunities, depending on the account.
• It has a structured evaluation and funded-account stages with performance-based progression.

Best For

• Forex and CFD traders in search of structured funding programs.
• Traders who want to scale their accounts in the long term.
• Performance based funding for experienced traders.
• Traders looking for multiple financial market instruments

9. Funding in a Flash

Instant Funding is a prop firm that provides direct funded accounts without a traditional evaluation challenge. Traders pay up front for account access, with pricing based on account size and program. It usually does not have a daily drawdown, but some programs have consistency or risk rules.

Maximum drawdown depends on the type of account, usually around 5%-6% and can be trailing or static, depending on the plan. There is no profit target, as the funding is instant. Traders generally keep 80% of the profits.

Early payouts are possible, usually within 14 days of the first trade, and the minimum withdrawal is about $25. It provides forex, indices, metals and crypto on MetaTrader based platforms.

Key Features

• Direct funding without underwriting via its Instant Funding program.
• A 10% Smart Drawdown model on eligible accounts, adjusted after a 5% balance increase.
• 80% starting profit split on multiple programs.
• Supports Forex, commodities, indices and cryptocurrencies.
• Smart Drawdown accounts that qualify for upscaling to $1.28 million.

Best for:

• Traders who want to begin with funding without an assessment.
• Currency traders looking for flexible account options.
• Traders who want Smart Drawdown instead of a traditional trailing drawdown.
• Traders looking for opportunities to scale their accounts and withdrawals scheduled.

10. Funded Trading

Funded Trading Plus is a well-established forex and CFD prop firm that offers evaluation, instant funding, and scaling programs. Pricing is based on account size and program, with instant funding typically costing more, for example a $100K instant account has been listed around $4,499 before discounts.

Its Instant Program has a 6% daily drawdown and a 6% relative trailing maximum drawdown that locks at the starting balance. No profit targets for instant accounts. The standard profit split is 80% with room to scale to 90% or 100%. Payouts are made according to the program specific schedule and trading on MetaTrader platforms is available for forex, indices, metals and commodities.

Main Features

• offers 1-step, 2-step, instant and other funding programs.
• Depending on the program you choose it provides for static and trailing maximum drawdown structures.
• Instant Program offers instant simulated funding with no evaluation.
• Provides 80% standard profit split on Instant Program.
• Scale up accounts up to $5 million under eligible programs.

Best For

• A number of funding and evaluation options for traders.
• Traders looking for immediate funding without evaluation.
• Forex and CFD traders who are looking to scale their accounts.
• Traders needing flexible withdrawal/funding structures.

Conclusion

Selecting the right Pipcy alternative can help traders find funding programs that better suit their trading strategies and risk tolerance. Some of the companies that offer programs with no separate daily drawdown limits on eligible accounts are MyFundedFutures, City Traders Imperium, Apex Trader Funding and Take Profit Trader.

Other options offer different funding models, profit splits, account sizes and payout structures. However, traders need to carefully compare maximum drawdown, trailing loss rules, evaluation fees, and withdrawal conditions before buying. Ultimately, the best prop firm is one that offers the right trading flexibility, transparent rules, reliable payouts and sustainable risk management.

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