Instant Funding: Top 5 Prop Firms No Challenge Needed

How to Become a Funded Prop Trader Without Challenges

Introduction to Instant Funding

• The video discusses how traders can become funded prop traders without passing traditional challenges, which typically require completing phase one or two.

• Many prop firms now offer instant funding for a small registration fee, allowing immediate access to trading capital and the ability to withdraw profits once earned.

Overview of Instant Funding Options

• The presenter introduces a list of top five prop firms that provide real capital for trading without challenge requirements.

1. Instant Funding

• Instant Funding is a British company with positive customer feedback, offering accounts ranging from $250 to $80,000.

• Payout occurs 14 days after the first trade; subsequent payouts are weekly. There are no profit targets or daily drawdowns, but there is a maximum drawdown of 10%.

• For an initial payment of $120 for a $250 account, traders effectively gain an additional $130 in capital, enhancing their potential for profit.

• The baseline profit split is set at 70%, meaning traders keep 70% of their profits. Scaling options allow up to 90% profit share under certain conditions.

Key Trading Conditions

• Traders must achieve at least a 5% return on their account before withdrawals are permitted. Overnight trades are allowed; however, weekend holding is not permitted.

Second Platform: FT.com

• FT.com offers an instant funding program specifically designed for UK traders who prefer not to undergo evaluations.

Features of FT.com's Program

• This program provides virtual capital on live accounts from day one and allows overnight and weekend trades with rapid scaling options.

• To access the program starting at $1,400 requires a fee of $200. A target profit of 10% must be achieved before withdrawals can occur.

Account Management Rules

• Accounts have an absolute drawdown limit set at 8%. If equity falls below this level due to losses, all trades will be closed automatically.

Funding and Profit Structures in Trading

Overview of Account Scaling and Drawdown

• The drawdown is initially fixed at 10%, but with instant funding, it adjusts to 5% after achieving a 5% profit on the account.

• Different account sizes allow for significant scaling:

• $14K can scale up to $896K,

• $40K can scale up to $2.5 million,

• $60K can scale up to $3.8 million,

• $90K can scale up to $5.7 million.

Funded Trading Plus Platform Insights

• Funded Trading Plus is recognized as a reliable trading platform with a long-standing presence in the industry.

• Unlike other platforms, there are no maximum simulated trading days; withdrawals can be made from day one after purchasing an account.

Profit Splits and Withdrawal Policies

• Traders are entitled to an initial profit split of 80%, which may change based on performance:

• After reaching certain profit thresholds, splits could adjust to 90/10 or even fully retain profits at higher levels.

• There are no minimum simulated trading days required for evaluation, allowing traders potentially to pass on their first day.

Understanding Drawdown Mechanics

• The program features a maximum leverage ratio of up to 1:30, varying by asset class.

• Relative drawdown is defined as the distance between the high water mark (the highest balance achieved) and the current maximum drawdown level.

Practical Examples of Drawdown Calculations

• A trader's maximum drawdown adjusts upward with each profitable trade closed, impacting future loss calculations.

• For instance, if a trader starts with a $100K account and makes a profit of $1K, their new balance becomes crucial for determining future drawdowns.

Daily Loss Limits and Scaling Plans

• Daily loss limits mirror overall loss limits; both set at a maximum of 6%.

Withdrawal Policies and Account Management

Withdrawal Process

• Users can withdraw profits from the first day, with subsequent withdrawals allowed every seven days.

• The minimum withdrawal amount is set at $50, with no additional fees except for personal bank or currency conversion fees.

Trading Rules and Limitations

• There is no fixed lot size; it depends on account management capabilities. Trades are automatically closed on Fridays to prevent weekend holding.

• Closing trades over the weekend does not breach any rules, ensuring that losses or profits are secured before market closure.

Risk Management

• No simulated stop losses are required when trading; however, users cannot exceed a loss of $300 in their accounts.

• For a $100K account, the maximum allowable loss is 6%, equating to $6,000 against a fee of $4,500 for account access.

City Trader Imperium Overview

Funding Structure

• City Trader Imperium has been established in the industry with a good track record and offers various community engagement platforms like YouTube and Discord.

Account Features

• Their no-evaluation funding starts at $5K with a profit target of 10% and allows up to 100% profit share requests.

• The maximum absolute drawdown is capped at 6%, which translates to a risk of only $300 for an initial fee of $299.

Cost-Benefit Analysis

• The cost structure raises questions about its value since paying $299 only allows risking $300. This may not be appealing compared to self-funding options.

10 Trade Insights

Company Reputation

• Despite some misunderstandings regarding their system, many complaints stem from users violating rules rather than flaws in the program itself.

Account Specifications

• Accounts start as low as $1,000 without profit targets but require waiting 15 days for payouts after trading begins.

Drawdown Limits

Withdrawal and Profit Structure Explained

Understanding Withdrawal Timing and Consistency Rules

• A minimum of 5 days is required before considering a withdrawal request. This timeframe is essential for maintaining consistency in trading practices.

• The consistency rule does not hinder profit generation; it primarily regulates the lot size used in trades.

Profit Split and Registration Fees

• The profit split structure allocates 70% of profits to the trader while the company retains 30%.

• A registration fee of $39 is applicable, meaning that if you invest $90, your total potential loss is capped at this amount, effectively making your net investment $40 after accounting for additional funds provided.

Comparison with Instant Funding Plans

• When comparing different funding options, the minimum plan for instant funding starts at an account value of $1,250.

• For an investment of $79, traders receive a total of $225 in funding, indicating a significant return on initial investment.

Additional Insights on Funding Options

• In contrast to other plans, instant funding offers minimal additional benefits; for instance, an account valued at $11,000 only provides an extra $39.