Forex Prop Firms Without Challenge in 2024 – 5 Best No Evaluation Prop Firms

Best Forex Prop Firms Without Challenge. The world of forex prop trading is filled with firms that offer traders the opportunity to manage funded accounts and earn profits. While many of these firms require traders to undergo a challenging evaluation phase to prove their skills and profitability, only some offer a direct path to a funded account without challenges. This article will explore some of the best forex prop firms that do not require traders to pass a challenge or complete an evaluation. By offering access to funded accounts with minimal requirements, these firms provide a unique opportunity for traders to enter the world of trading easily.

Best Forex Prop Firms Without Challenge

Below are some of the best forex prop firms without challenge

FTUK

FTUK, a London-based company, is well-known for its generous bonuses and adaptable trading choices. FTUK offers a plethora of tradable assets, such as metals, indices, Forex, and commodities, along with rapid funding, making it the perfect platform for traders looking to maximize their profits. With a $14,000 starting amount, traders must reach a profit target to grow their accounts. If they succeed in the program, they could receive a 50–80% profit split in addition to their beginning balance twice. FTUK distinguishes itself from other prop firms with several characteristics, such as weekend and overnight positions, a high-size account of $6,720,000, and no commission or swap fees. These characteristics, such as a sizable profit split possibility, make FTUK an appealing option for traders looking for a flexible and profitable trading environment. Traders should know the leverage and the tight 1.5% Max stop loss risk restriction.

The 5%ers

The 5%ers have made a name for themselves in prop trading firms by offering traders instant funding and a platform to start trading immediately, using any trading system. This approach has allowed them to build a diverse and inclusive community of traders who value simplicity and flexibility in their trading environment. The 5%ers provide accessibility for traders of all styles and backgrounds, while fostering a sense of community and shared knowledge among their users. By eliminating the need for a subscription fee, The 5%ers minimize the barrier to entry for traders looking to join their community, making it easier for them to start trading and growing their account balance. The 5%ers also provide a range of support tools, including trading resources and an active community of traders. This fosters an environment of learning and support, enabling traders to share knowledge and learn from one another as they navigate the market.

SurgeTrader

SurgeTraderis a standout forex prop firm known for its generous profit splits, diverse asset offerings, and streamlined evaluation process. Sponsored traders can enjoy a significant 75% profit share, allowing them to keep more of their hard-earned profits. With tradable assets such as gold and cryptocurrency, traders can diversify their portfolios and enjoy multiple market opportunities. Unlike many prop firms with various phases, SurgeTrader’s evaluation process is streamlined into a single phase, eliminating the need for traders to pass multiple challenges. By achieving the 10% profit target, traders can enjoy a generous profit share of up to 90%, maximizing their earnings potential. The firm recognizes the importance of risk management in profitable trading and has implemented risk management policies to ensure the stability of its funded accounts. There is a maximum trailing drawdown of 8%protecting against significant losses. By limiting traders to a daily loss of 5%, SurgeTrader seeks to prevent excessive losses and promote disciplined trading. With its diverse selection of CFD market instruments, forex, and cryptocurrencies, SurgeTrader offers traders an extensive range of trading opportunities.
The simplicity of SurgeTrader’s evaluation process eliminates unnecessary complexities, allowing traders to focus on hitting 10% profit targets without worrying about timeframes or trading day requirements.

Audacity Capital

Audacity Capital is a great fit for active traders who value fast funding and high-profit splits.
The firm is known for its fast funding process, Audacity Capital’s initial fee is £149, and the payout is 50/50. However, traders can upgrade the profit share ratio to 75/25 after completing the firm’s challenge, and receiving a refund can offset these concerns for successful traders.
In addition to its lucrative payout potential, Audacity Capital offers traders a high leverage of 1:100, allowing for rapid profit growth. The company’s comprehensive educational resources and strong partnership program further enhance its appeal, making it an excellent choice for novice and experienced traders. Upon successful registration and acceptance into Audacity Capital’s program, traders are given a live account with a starting balance of $15,000. Audacity Capital allows traders to use any trading strategy, including during weekends, providing flexibility and the freedom to implement their preferred approach. While a 10% drawdown will result in the program’s suspension, reaching a 10% profit target will enable traders to double their account balance, potentially growing their account to a maximum of $480,000.

BluFX

BluFX provides seasoned traders with a range of forex pairs, low fees, and immediate funding options. With two account packages starting at $25,000 and $50,000, traders are funded instantly, up to $100,000, enabling them to kickstart their trading journey without delay.
The firm’s profit share ratio is relatively low at 50%, enabling traders to retain a significant portion of their profits. However, monthly membership fees are required to access the platform, which varies based on the account size. BluFX’s withdrawal process and trading methods allow traders to manage their funds efficiently. While traders can only withdraw in increments of 5%, this helps to enable consistent capital growth. The firm’s lenient trading parameters and simple rules provide traders with flexibility and the freedom to implement creative strategies without restrictions. In addition, automated risk management tools safeguard trader capital, ensuring peace of mind. While BluFX’s features are impressive, traders should assess the profit share, membership fees, and withdrawal restrictions to determine if it align with their trading preferences.

Before joining any prop trading firm, it’s essential to thoroughly research their terms, conditions, and fee structures. Additionally, consider reaching out to current or former traders associated with these firms to gather insights into their experiences.