9 Best No Challenge Prop Firms

Why bother with the traditional evaluation or “challenge” phase when you can get instant funding without having to pass a demo trading test first? This is the whole model of no challenge prop firms, and we see how much these can appeal to traders like yourself who want fast access to capital and less red tape.

Unfortunately, though, it’s not always easy to find good no evaluation prop firms. They’re all competing with each other to get your access fee, which has also resulted in plenty of scammy options promising huge profit splits and starting balances. 

So, we’ve put together our 9 best no challenge prop firms to give you an idea of what a quality firm should look like. You’ll learn everything from how these firms generally work and how you can pick the right one, so let’s get into understanding a few of the basics before our list.

What is a No Challenge Prop Firm?

A no challenge prop firm gives you funding without a formal trading challenge or evaluation phase first. Simple. In practice, it means you’re now live trading with the firm’s capital immediately, instead of on a demo account to hit profit targets and prove you know what you’re doing (as is common with traditional prop firms).

You usually only get access to funding after passing these tests, so these particular forms massively speed up the process if you’re experienced and know how good a trader you are. How are they even able to do this? There are usually a few trade-offs -  higher fees, lower starting profit splits (we’ll cover these in a moment), etc. 

Your main takeaway, though, is that a no challenge prop firm is a fast-track route to trading firm capital.

How No Challenge Prop Firms Operate

As you might expect, no challenge prop firms work with a slightly different business model than traditional two-step evaluation firms:

• Upfront Fee or Deposit: Instead of collecting challenge fees or monthly subscriptions, these firms charge a one-time upfront fee (sometimes called a joining fee or security deposit) - for example, from a few hundred dollars for a small account to over a thousand for a large account.

• Immediate Live Account: You’re immediately given a funded trading account (often a demo account that simulates a live account, but profits are still paid out if you trade successfully). No waiting period here.

• Risk Management Rules: They usually have stricter risk management rules on your account, from daily loss limits to sometimes profit targets that you have to maintain. Obviously, not ideal, but they haven’t tested you first, so they’re just managing risks with these tighter drawdown rules or other safeguards.

• Profit Splits: Similar to that last point, no-challenge firms may start (keyword, since they can definitely improve) with a slightly lower profit share to the trader compared to challenge-based firms because they’re taking on more upfront risk.

• Payouts and Scaling: You’ll get payouts of your share of profits on a set schedule - usually monthly or bi-weekly, though a few firms offer on-demand payouts. Our firm, Atlas Funded, for instance, gives you payouts within 24 hours on request because we know how important it is to stay liquid as a trader.

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9 Best No Challenge Prop Firms

With those fundamentals out of the way, let’s start exploring your best options for no challenge prop firms:

1. Atlas Funded

Atlas Funded is the clear #1 choice for a no-challenge prop firm. We let you start trading a live funded account immediately - no evaluation or demo challenge required - but we’re well aware that that’s the standard, so what else do we offer? 

Firstly, you’ll have access to account sizes up to $400,000 in capital from day one, but one of our biggest differentiators is our profit-sharing - you’ll keep 100% of your profits on funded accounts (yes, 100%) up to certain withdrawal thresholds. 

And we guarantee payouts within 24 hours upon request - we’re so confident in fulfilling this that we’ll pay you an extra $1,000 for free if we ever miss that window. 

We’ve got accounts that start at $5k, but you can pick up a $300k account for just $799 - did we mention there’s a 50% discount on all our instant funded accounts?

Atlas Funded does a 5-day minimum trading requirement just for our own security, but we’re still putting traders like you first by allowing news trading and holding positions over weekends, which loads of forms prohibit.

So, if you’re ready to start making gains, come chat with our community and sign up for an instant-funded account now.

Pros

• 100% profit split so you can keep everything you earn
• On-demand payouts within 24 hours
• True instant funding - no evaluations or annoying challenges

Cons

• Add-on upgrades (extra drawdown, faster payouts, etc.) are non-refundable

2. FundYourFX

FundYourFX is our next-best no challenge prop firm, and we like that it caters mainly to forex traders. Their biggest account starts with $200k, and lets you scale up to a whopping $6 million over time. 

But that’s far higher than the figures we mentioned for Atlas Funded, so why would this be second place? Because that account has an opening fee of $6,139. Not ideal. But if you have the starting capital to invest in it, it’s a great option, and there are plenty of other benefits. 

For example, they have a 95% profit split, which, while still lower than ours, is genuinely more favorable than the majority of forex prop firm no challenge options.

You’ll have access to popular platforms MetaTrader 4 and 5, as well as cTrader, so it also gets points for catering to different traders. Overall, this is a solid option - it’s definitely worth considering if you’re a forex fan - but keep in mind that it’s not available to U.S. residents due to regulatory reasons. 

Pros

• Account is activated instantly with no evaluation challenges
• Profit split scales up to 95%
• Capital can grow to $6 million

Cons

• The joining fee becomes non-refundable once the live-account credentials are issued

3. The 5%ers

The 5%ers traditionally had evaluation programs, but they’ve now got an instant funding model called the Hyper Growth Program that effectively works as a no-challenge option. It is, technically, a challenge in that you’re using a demo account to pass the test, but you get to keep any profits you earn throughout that test, so it’s functionally the same as instant funding.

We like the 5%ers because their Hyper Growth Program scales pretty aggressively - for every profit milestone you hit, your account size doubles, all the way up to a maximum of $4,000,000 in funded capital.

The only issue with this is that you’re capped at 20k for initial starting balance - compared to most no challenge prop firms offering 6-figure options. That account is far too expensive to open, though, at $850, for the money you’re starting out with. For content, the $300k account we offer at Atlas Funded is just $799.

Still, you’ve got plenty of trading options here - from a funded forex account (no challenge) to indices and crypto - so it’s worth exploring that Hyper Growth Program if you don’t mind taking your time building your account size.

Pros

• Hyper Growth plan doubles the account at each milestone up to $4 million.
• Unlimited time to reach targets - no evaluation deadline pressure
• Profit share can eventually reach 100%

Cons

• Leverage is just 1:30 - low in comparison to other options here

4. FTUK (Funded Trading UK)

Next up, let’s look at FTUK, who have instant funding account sizes ranging from $5k up to $100k. That’s not the highest range out of the other firms on this list, but we like FTUK because it’s genuinely instant funding - there aren’t any minimum trading days (which might be why they’re only offering $100k as their highest account size).

Now, we’d potentially give FTUK a higher rating if it weren’t for their account opening fees, which, for the $100k option, are $1499. They also offer just 1:30 leverage. That said, these fees are relatively low per dollar of capital when you compare them to some competitors, so it’s still fairly cost-effective. 

The profit split is also just 80%, but unlike The 5%ers, who actually scale this low split up to 100% if you reach the biggest account size, you’re stuck with this 80% from day one.

That’s the end of our complaints, though - you’re getting a solid, trusted platform with FTUK, who offer you on-demand payouts, as well as news trading and weekend holding. Worth checking out if you’re a fan of TradeLocker or DX Trade.

Pros

• Instant-funding accounts with plenty of account sizes to choose from
• No stop-loss or lot-size restrictions
• Payouts on demand

Cons

• Only 80% profit split with expensive account setup fees

5. SabioTrade

SabioTrade is a prop firm that’s also a bit like The 5%ers, in that there’s a simplified one-step assessment where you’re still getting paid (making it basically instant funded). 

The best part about this program is definitely the account balance you can start with - $650k if you pay the, admittedly steep, $3,404 account opening fee (for their Prime account). That’s practically unheard of in terms of starting balance. And that’s with a 90% profit split and the ability to hold positions over the weekend.

With that account, you’re also getting a huge amount of trading resources - you can download their mobile trading app, which is handy for managing trades on the go, where there’s access to webinars and market analysis. There's even a signals group chat (we’d suggest using your own trading strategies, though, not relying on others).

The only noted drawback is that you have to pass that one test (where you’re still earning) to get the funding - definitely one that’s worth a look.

Pros

• Up to 90% profit split on funded accounts
• Huge account sizes
• 250+ instruments across forex, indices, crypto and more

Cons

• Still requires that single evaluation step, so funding isn’t truly “day-one”

6. Alpine Funded

Moving on, we’ve got Alpine Funded at 6th place, which is actually quite a similar prop firm to ours, as they offer profit splits of up to 100% (which increase after the second payout) and weekend holding. 

We also like the range of account sizes  - you can access up to $2 million in trading capital without having to complete a challenge first under its instant funding model. That’s a substantial amount of funding available from the start for qualified traders.

Why’s Alpine Funded on the back end of our list, then? Unfortunately, through no fault of their own, they currently don’t accept U.S. traders in their program (likely due to regulatory considerations). 

But our real issues are with how they enforce certain strategy restrictions - some techniques like martingale or certain high-risk news strategies are limited to maintain risk control. 

Still, Alpine Funded is a decent choice if you want a high funding amount that’s fairly straightforward and has low fees.

Pros

• Instant funding up to $2 million
• Profit split up to 100% with their most expensive account
• Backed by a Swiss asset-management partner

Cons

• U.S. traders are currently barred from joining

7. Funded Trading Plus

Next, let’s look at Funded Trading Plus - their “Master Trader” program is the no challenge funded one, which lets you start trading live funds immediately after paying the fee.

There’s plenty to like about this firm, like the five account sizes that start with as little as $5k and as high as $100k. That’s not as high as some of the other options on this list, but it gets points for making it into 6 figures.

We also like the range of trading platforms they support, everything from MetaTrader 5 and cTrader to TradingView integration and more. This is great because you’re not stuck with a single platform. But it’s also where our praise stops. The 80% profit split is a problem, and when you combine it with the lack of weekend positions and 1:30 leverage, there are just too many better no challenge prop firms out there. And the $100k account costs you $4.5k to set up

There are better options available on this list, but don’t sleep on Funded Trading Plus if you're someone who likes using various trading platforms.

Pros

• Profit split can climb all the way to 100% after hitting performance tiers
• Fast weekly (often same-day) payouts reported.
• Lets you choose instant funding or 1-/ 2-step evaluations for flexibility

Cons

• Challenge fees span $119 - $4.5k, so bigger accounts cost a premium

8. Overview Funding Program (OFP)

We rate OFP because you’re able to get an account worth $100k set up for just $420. That’s value that a lot of these other no challenge prop firms can’t compete with - especially with the 90% profit split you’re getting.

Other than that, transparency is another big selling point of OFP that we like. Like Atlas Funded, they’ve got an official Discord where they’re always posting daily testimonials and trading statistics. This is promising because any firm that’s got a focus on community building is worth looking into. 

And you know how a few of the firms we’ve covered don’t allow U.S. traders? OFP don’t have any nationality restrictions (aside from standard compliance checks), which is a huge plus. The only reason they’re not higher on this list is because they don’t have many account size options - you’re limited to either $25k, $50k, or $100k.

The largest size your account can be is also $300k - you see plenty of firms taking you up to 7 figures, so while this is definitely a strong choice, it’s not the most ambitious option.

Pros

• Instant funding with no trials or time limits
• You keep 90% of profits
• Payouts processed in under 24 hours

Cons

Maximum account size is capped at $300k, which is smaller than many rivals

9. City Traders Imperium (CTI)

And lastly, we have City Traders Imperium  CTI, which is actually one of the oldest firms on this list as they were established in 2018. This is worth noting when you consider all the new scam sites popping up - CTI has years of experience and a solid reputation in the industry.

As you might expect from such an old firm, the customer service CTI offers is fantastic - they’re big on community and are available to contact across a few channels, including Discord. 

Another one of CTI’s biggest selling points is the profit split that’s up to 100% - you might initially start with an 80% profit share, but CTI offers a scaling where, as you achieve certain profit targets in the account, your profit split increases, eventually reaching 100%. 

The issues we have with CTI mainly come down to their subscription model (you pay a monthly fee for the capital access, which is a different approach from one-time fees). It’s unique to no challenge prop forms, but, unfortunately, in a bad way.

These subscription fees can be somewhat high, which CTI itself acknowledges as a trade-off for no evaluation and high capital. They also don’t have very large starting account sizes, with $80k being the highest you can get (although it does scale to $2 million).

That said, City Traders Imperium is still a solid option if you want a lot of flexibility but don’t mind a subscription fee model, which is essentially the only reason we’ve put it last on our list.

Pros

• Direct-funding path scales to $2 million
• Profit share can reach 100%, with weekly withdrawals from day one
• News trading is allowed

Cons

• High entry cost - top tier charges a $4,799 one-time fee

Benefits of No Challenge Prop Firms

You probably have an idea of how beneficial no-challenge prop firms are after that list, but let’s look at a few other general advantages:

Lower Entry Hurdles

Needless to say, it’s much simpler and quicker to begin trading with one of these firms when you don’t have to pass a lengthy test. They’re good for seasoned pros who just can’t be bothered with demo trading, but also for newer traders who don’t want the risk of losing their small portfolio balance. Basically, more traders get a shot at prop funding.

Immediate Access to Capital

Carrying on from that last point, do you know how long it would take to build your portfolio balance to $100,000, when most traders start from practically nothing? You get access to significant trading capital from day one with no challenge prop forms, so you can trade larger position sizes (within risk limits, of course) and potentially earn larger profits a lot sooner than you would otherwise.

Flexible Trading Conditions

There are loads of no-challenge firms that don’t impose rules like profit targets or other micro-management tactics that some challenge-based firms have, which means you can actually integrate prop trading into your life a bit more easily. We get that most readers don’t trade full-time, so you won’t be bending to meet some arbitrary challenge criteria with Atlas Funded.

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Cheap access to significant capital without risking your personal finances speaks for itself in terms of benefits, but don’t forget about the higher upfront fees or low profit splits that a lot of these firms come with.

How to Choose the Best No Challenge Prop Firm

We talked at the start about how many no-challenge prop firms are out there (and that a lot of them aren’t legit), so it’s important to do your homework and select a firm that fits your goals and trading style. 

So, keep some of these factors in mind when you’re comparing those options we listed earlier:

Reputation and Trustworthiness

Definitely the first feature you need to consider. Have a look at the firm’s background and see if they’re transparent about their operations and whether traders are actually getting paid reliably. 

Any firm worth its salt will have positive reviews you can verify on Trustpilot, and it’s also a good signal if they have an active social media or Discord channel (like ours!) where you can speak to users - real people, not bots - and ask questions. Basically, just prioritize firms that are legitimate and well-regarded, because you’re putting your time and money in their hands.

Trading Platforms and Technology

Does the firm you’re considering even support your favorite trading platform (such as MT4, MT5, cTrader, TradingView, etc.)? Loads of prop firms have multiple platform options, so definitely don’t settle if you’re a TradingView devotee and they only support MT5. 

And see if they allow mobile trading, or have their own dashboard for analytics. If you’re someone who likes using certain tools (like copy trading software or specific indicators), you should see if they’re allowed and actually functional with the firm’s setup. 

Funding Amounts and Withdrawal Policies

The whole reason you’ve decided to explore funding prop firms is that there’s potential to trade with a huge balance. So, it’s worth checking if the firm’s funding even meets your needs (e.g., $50k vs $500k account)? And is the profit split fair, or does it at least improve as you grow? 

Then check the withdrawal rules: How frequently can you get payouts (weekly, bi-weekly, monthly)? Is there a minimum profit or time before the first withdrawal? Any withdrawal fees?

Profit Potential

And lastly, we’d suggest scrutinizing their profit-sharing structure in detail and what it means for your earning potential. For example, a higher profit split is great, and it’s ideally what you should be aiming for, but weigh it against other factors like fees and rules. 

Sometimes, a slightly lower profit split at a firm with excellent conditions could net you more in the long run (if that firm’s rules let you trade more profitably). 

Start Trading with Atlas Funded Today

As we talked about before, Atlas Funded gives you all the advantages of a no-challenge prop firm - from immediate access to large capital to 100% profit splits - into one top-tier program. And don’t forget about our resources and support options. Come see what it’s all about and get your account funded today!

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