Prop firms that don’t require an evaluation or audition period appeal to many new traders. These “no eval” firms provide funding to traders without requiring a skills assessment. Instead, they offer programs that allow traders to fund an account and start trading.
Traders can get started right away without a lengthy application process. No demos, simulations, or evaluations are needed. The risk of personal financial loss is eliminated. Traders are trading with the firm’s capital, not their own money.
Prop traders can often choose an account size that suits their needs and experience level. Accounts typically start at $10,000 and go up from there. Potential to earn a profit split. If a trader is profitable, they receive a percentage of the profits, often 70-80%. The prop firm takes the rest as payment.
Since prop trading firms are not providing funding based on a trader’s performance or skills. The trader assumes most of the risk, while the prop firm’s risk is limited to the amount they provide for the funded account.
While the higher risk for the trader, the potential rewards of a solid profit split, and full-time trading make these programs appealing, with hard work and perseverance, traders can turn their passion for trading into a career. On that note, here are the top no-evaluation prop firms today.
Top 5 No Evaluation Prop Firms to Consider
When you’re ready to trade without going through an evaluation process, consider these top no-evaluation prop firms.
- Fidelcrest: Best overall, Fidelcrest is ideal for traders of all experience levels. They offer robust support and allow for diverse trading styles. You’ll have access to multiple asset classes and the ability to trade from anywhere with their mobile platform.
- City Traders Imperium: Perfect for seasoned traders, City Traders Imperium provides comprehensive trading conditions. They offer high leverage, tight spreads, and fast execution on forex, stocks, indices, commodities, and cryptocurrencies. Funding is available up to $1 million with no evaluation required.
- Funded Trading Plus: A straightforward program for retail traders, Funded Trading Plus provides funding up to $25,000 without evaluation. Their simple and direct approach allows you to keep 75-80% of profits. Trade forex, gold, oil, and stock indices with fixed spreads and fair trading conditions.
- The 5ers: For forex traders looking to skip the evaluation and start trading, The 5ers are a great choice. They provide funding up to $50,000, allowing you to keep 80% of profits. With tight spreads, fast execution, and 24-hour support, The 5ers allows you to aim high without evaluating.
- MyForexFunds: Ready to dive right into live trading? MyForexFunds offers funding up to $100,000 with no evaluation required. They have straightforward trading conditions for forex and metals, allowing you to keep 75-85% of the profits. MyForexFunds is ideal if you want to skip the demo and start immediately.
Fidelcrest
Fidelcrest offers skilled traders a unique opportunity. This prop trading firm allows you to become a funded trader if you can meet the conditions of their trading challenges.
Depending on the challenge, you’ll get access to different capital levels. You keep 10% of profits for normal accounts, while aggressive accounts let you keep 20%. The challenges come in two parts: a trading challenge and a verification stage.
Fidelcrest’s pricing is fair. Challenge fees range from €99 ($15k “Micro Trader”) up to €3,499 ($500k Pro Trader Aggressive). They stand out by offering high profit-split percentages and focusing on consistent trading strategies. While not for everyone, Fidelcrest gives experienced traders a chance to join a prop firm and gain a large profit split.
If you’re looking to become a funded trader, Fidelcrest provides a competitive choice. Their trading challenges could be your opportunity to access capital and boost your profits. With the chance to keep 10-20% of what you earn, working with this prop firm may be worth considering.
City Traders Imperium
City Traders Imperium (CTI) is a forex prop firm that provides funding, trading programs, and education for traders. They offer profit splits up to 100%, starting at 80%. CTI’s services are tailored to traders who meet their requirements and show strong trading skills.
CTI uses programs like the CTI Challenge to find the top performers. Traders who pass the Challenge and meet CTI’s standards gain access to funded accounts. Once traders demonstrate their abilities, CTI provides funded forex accounts sized according to the trader’s needs and skills. Account sizes range from $10,000 to $500,000 or more for the most skilled traders.
CTI offers profit splits of up to 100% for their top traders. Even for newly funded traders, the profit split starts at a generous 80% in the trader’s favor. As traders build their skills and track records, they can increase their profit share.
CTI cultivates a community of knowledgeable traders who support each other. New traders can connect with and learn from more experienced traders, creating an environment where people help each other succeed.
CTI is an excellent choice for forex traders seeking funding and an opportunity to profit from their skills. In addition to financial backing, CTI provides education and a community to help traders reach their full potential. For traders who meet their standards, CTI offers a path to build a trading career and achieve financial freedom.
Funded Trading Plus
Funded Trading Plus offers trading accounts for traders looking to prove themselves without risking their capital. Their innovative platform provides real-time access to global markets so you can showcase your skills.
Funded Trading Plus acknowledges that talent knows no boundaries. Their inclusive platform creates a global community of traders, empowering them to take control of their financial future. Traders sign up for one of the accounts, which varies based on the account size chosen. The main program includes two phases: the assessment phase and the funded account phase.
It offers various accounts to suit different traders and their trading needs. The three main programs are the Experienced Trader Program, Advanced Trader Program, and Master Trader Program.
- Experienced Trader Program: Account Ranges from $12,500 to $200,000
- The Advanced Trader Program: Account Varies from $25,000 to $200,000
- Master Trader Program: Account Ranges from $5,000 to $100,000
Pass the assessment phase, and you’ll gain access to a funded account to trade with the firm’s capital. Prove you have the skills to generate consistent profits, and you’ll have the opportunity to increase your account size over time.
If you have experience in stock trading, forex, futures, or options, Funded Trading Plus allows you to showcase your abilities without risking your own money. Their program provides all the tools and resources you need to take your trading to the next level.
The 5ers
The 5ers are a prop trading firm that provides funded accounts for traders and takes a percentage of the profits. They stand out by immediately allowing anyone to get started with a funded account. Once you choose your account based on your risk tolerance and capital, The 5ers offers useful features for funded traders:
Different options and assets to trade. Whether you prefer forex, stocks, or commodities, The 5ers have you covered. Free trading resources and support. The 5ers provides free tools, data, and 24/7 support to help you become a better trader.
Entry costs from 95 to 745 euros. The 5ers uses a one-time fee, and you can increase any account to $4 million.
Many prop firms exist, so compare a few before choosing one. They each have strengths and weaknesses, after all. The 5ers seems a solid choice for new traders given its low barrier to entry, valuable resources, and potential for high earnings. If you’re ready to take your trading to the next level with a funded account, The 5ers could be worth considering.
The key is starting small and building up as your skills and profits increase. Who knows, with time and dedication, The 5ers may help you become a master trader managing millions. But take it step by step, do your research, and don’t get ahead of yourself. With the right prop firm fit and funding, trading success could be within your grasp.
MyForexFunds
If you’re looking for an established prop firm that provides funded accounts, MyForexFunds should be at the top of your list. MyForexFunds offers a unique accelerated program where traders can prove their proficiency and secure a funded account by reaching set profit targets within a minimum number of trading days.
Getting started with MyForexFunds involves a one-time registration fee and selecting one of their trading accounts, which range from $5,000 up to $300,000. Their programs cater to beginners and experienced traders, providing an excellent platform for individuals to kickstart or enhance their forex trading careers.
The Rapid Account Program and Forex Funded Account allow you to trade with a demo account, where you keep a percentage of the profits. The Accelerated Program allows earning a funded account by hitting profit targets within a set time frame.
MyForexFunds offers various account options to match your needs and experience level:
- Rapid Account Program: For new traders. Keep 70% of profits, no evaluation period.
- Forex Funded Account: For experienced traders. Keep 80-85% of profits, evaluation period of 30-90 days.
- Accelerated Program: For skilled traders. Reach profit targets in 30-90 days to earn a funded account. Keep 85-90% of profits.
MyForexFunds offers a highly appealing platform. Their programs cater to beginners and experienced traders, providing an excellent platform for individuals to kickstart or enhance their careers. If you’re ready to take your forex trading to the next level, MyForexFunds has an option for you.
Overview of the Best No Evaluation Prop Firms
When looking for a prop firm as a new trader, you’ll want to consider those with a “no evaluation” model. These firms provide you with capital to trade without an intensive screening or evaluation process. Some of the top no-evaluation prop firms include:
These “no evaluation” prop firms allow you to get trading with less hassle. You can start making money in the markets without risking your capital. While the payouts may be slightly lower, the ease of getting started and the opportunity to gain experience make these firms attractive for new and small traders. With consistent profits, you can move on to more traditional prop firms with higher payouts.