No Daily Loss Limit Prop Firms 2026: 9 Firms Checked

Phidias has no daily loss limit on Express to Live, Fundamental or Premium, and Express to Live adds a static drawdown that never trails. Elsewhere it depends on the plan: none on Take Profit Trader Test, PRO and PRO+ or on MyFundedFutures Rapid, Pro and Studio, an optional one at Topstep and Lucid, and a daily loss limit on every Apex funded account except the Legacy accounts, on sale again for a limited time in November 2026.

No daily loss limit at Phidias: Express to Live, Fundamental and Premium

The Phidias rules page lists the daily loss limit as None on all three account families. You get the full loss limit of the account and you manage it yourself, from the first trade of the evaluation to the funded CASH account.

On Express to Live the floor is static: $49,350 on a 50K, and it never trails. No daily limit on top of it, no consistency rule, no minimum trading days. Reach the target on the evaluation, reach it again on the CASH account, and the fixed bonus payout, paid at 80/20, converts the account to a LIVE account.

The whole cycle can run in a single day: our record from purchase to payout is 6 hours 18 minutes, and 90% of Phidias payouts are processed in under 30 minutes, all within 24 hours. One-time payment prices with code PHIDIAS: $69 for the 25K (list price $277), $144.60 for the 50K, $180 for the 100K, $225 for the 150K.

See Express to Live: no daily loss limit

Which prop firms have no daily loss limit? 9 futures firms checked

Most firms do not have one rule: they have one per plan. Here is what each firm’s own help center said on November 3, 2026:

Two things stand out. The firms that let you choose put a price on it: Lucid charges more for the version without a daily loss limit, FundedNext gives a discount when you add one, and so does Topstep on some Trading Combines. And a daily loss limit is rarely a breach: almost everyone calls it a pause. The loss you took to reach it, though, stays on the account.

Apex: no limit on the Intraday evaluation or on Legacy, a limit on every other funded account

Apex’s help center is explicit: “There is no DLL for Intraday Drawdown Evaluations.” The EOD evaluations carry a fixed one, $500 on a 25K to $2,000 on a 150K. And on every current Performance Account, Intraday or EOD, the daily loss limit is tier based: on a 50K it is $1,000 until $3,000 of profit, then $2,000, then $3,000 from $6,000 of profit. So on Apex’s current Intraday and EOD accounts, the funded account always has one. The exception is Legacy: in November 2026 Apex has its Legacy evaluations on sale again for a limited time, and its Legacy Performance Account rules state that the 30% cap on open losses is not a daily loss limit. Our Apex trailing drawdown guide covers the rest of the loss rules.

Topstep: optional in the Combine, automatic once live

Topstep made the daily loss limit optional in the Trading Combine and the Express Funded Account. If you add it at checkout it is fixed for good: $1,000 on a 50K, $2,000 on a 100K, $3,000 on a 150K, with a small “Responsible Trading” discount on some Combines. It is automatic on the Live Funded Account, and the Static Combines sold through Topstep Labs carry a mandatory one ($500 on the 25K). More in our Topstep drawdown guide.

Lucid Trading: you pay to remove it

On the daily loss limit, LucidPro, LucidFlex and LucidDaily each come in two versions. Daily loss limit On gives a lower evaluation price and on demand payouts. Daily loss limit Off gives a higher evaluation price and payouts on the regular end of day schedule. The choice covers the evaluation and the funded account and cannot be changed afterwards. On LucidDaily, the limit is $600 to $2,700.

LucidDirect offers no Off version: the 25K has no daily loss limit, the larger sizes start with a fixed one ($1,200 on the 50K, $2,100 on the 100K, $3,000 on the 150K). LucidMaxx, invite only, has none. Our LucidFlex review details both versions.

MyFundedFutures: none on Rapid, Pro and Studio, a soft pause on Builder

MyFundedFutures’ Rapid, Rapid EOD and Pro plans list no daily loss limit, and neither do the limited Studio plans, whose max loss is static. Builder is the exception: a soft pause daily loss limit on every size, $600 on the 25K, $1,000 on the 50K, $1,750 on the 100K and $2,500 on the 150K. On the 50K, it follows you to the live account.

Tradeify, Take Profit Trader, FundedNext and Bulenox

• Tradeify: a daily loss limit on Growth, Lightning and Select Daily funded accounts ($1,000 to $1,250 on a 50K at the start), none on Select Flex. Level Up, a limited ladder product, has none.
• Take Profit Trader: its comparison table lists the daily loss rule as None on Test, PRO and PRO+. Traders moved to PRO+ Development after a review get a soft daily limit.
• FundedNext Futures: none on Flex, none on Rapid Pro unless you take the daily loss limit add-on, which lowers the price; $500 to $1,250 on Rapid Daily, $1,000 on Direct.
• Bulenox: you pick a risk model at purchase, locked for the life of the account. Option 1, real time trailing, has none. Option 2, end of day, has one: $500 on a 25K to $3,300 on a 150K Qualification account.

Why a daily loss limit is not protection

A daily loss limit turns a floating loss into a booked one. Take a 50K account with a $2,000 max loss and a $1,000 daily loss limit, the combination MyFundedFutures uses on Builder 50K. You are down $1,000 on a position by 10 AM. The rule stops you: at Topstep, open positions are flattened; at Apex, they are liquidated at market price. The $1,000 is now realized.

Maybe the trade was about to turn. Maybe it was not. You will never know, and that is the point: the decision was taken away from you at the worst moment of the day. You come back tomorrow with half of the max loss already used.

Without a daily limit, the same position is still yours to manage: the stop you planned, a partial exit, or the turn. You can lose just as much. But the line that ends the account is the one you knew from the start, not a second one that fires halfway.

Tradeify’s own warning

Tradeify’s own help center warns traders never to use the daily loss limit as a stop loss: losses may exceed the limit before it triggers, and slippage can breach the max drawdown and fail the account. It also notes that if your trailing drawdown is closer than your daily limit, you could hit the drawdown first. In other words, the daily limit is not a hard stop on your loss.

The case for a daily loss limit, and our answer

Credit where it is due: Topstep presents its limit as a way to make sure one bad day does not wipe out the account, and says over 63% of traders have lost an account in a single day. On a tilting day, a forced stop can save an account. That is real.

Our answer: a daily stop is a good habit, and it should be yours. Set it in your platform, at the size your strategy needs, and keep the call on a position you believe in. A firm-wide number applied to everyone cannot know your stop, your size or your setup. If you want the rule, Lucid, FundedNext and Topstep sell it to you at a lower price. If you want the room, it costs extra at the firms that let you choose, and nothing extra at Phidias.

Trade with no daily loss limit at Phidias

What does no daily loss limit mean?

No daily loss limit means no rule stops you for the day after a given loss. It does not mean no limit at all. The account’s maximum loss still ends it. What matters next is how that maximum moves:

• Static (Phidias Express to Live, MyFundedFutures Studio in evaluation and sim funded): the floor never moves. Every dollar above it is room you keep.
• End of day trailing (Phidias Fundamental and Premium, Apex EOD, MyFundedFutures Pro and Builder, FundedNext, Bulenox Option 2): the floor follows your best close, then stops once it locks.
• Intraday trailing (Apex Intraday, Bulenox Option 1, MyFundedFutures Rapid funded): the floor follows your highest point, open profit included.

That is why no daily loss limit plus a static drawdown is the cleanest combination: one line, fixed, known on day one. Our static drawdown prop firms page compares the static accounts, and the trailing drawdown guide explains how the trailing ones move.

A daily loss limit is also only one of the rules that can end a good run. If consistency rules worry you more, see our page on prop firms with no consistency rule; for payout speed, our daily payout prop firms list.

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No daily loss limit prop firms in 2026: frequently asked questions

Which prop firms have no daily loss limit?

Phidias has no daily loss limit on Express to Live, Fundamental or Premium. Among the other futures firms we checked in November 2026, Take Profit Trader lists none on Test, PRO and PRO+, and several plans have none: MyFundedFutures Rapid, Pro and Studio, FundedNext Flex, Tradeify Select Flex, Bulenox Option 1, Lucid when you pay for the DLL Off version, and the Topstep Trading Combine unless you add one.

Does Phidias have a daily loss limit?

No. The Phidias rules page lists the daily loss limit as None on Express to Live, Fundamental and Premium. Express to Live also has a static drawdown that never trails, no consistency rule and no minimum trading days. Fundamental and Premium use an end of day trailing drawdown.

Does Apex have a daily loss limit?

On its current Intraday and EOD Performance Accounts, yes. Apex’s help center says there is no daily loss limit on Intraday evaluations, a fixed one on EOD evaluations ($500 to $2,000), and a tier based one on every Performance Account, $1,000 to $3,000 on a 50K. When it is hit, open positions are liquidated at market price and trading pauses for the session. The exception is Legacy: Apex has its Legacy accounts on sale again for a limited time in November 2026, and the Legacy Performance Account has no daily loss limit.

Does Topstep have a daily loss limit?

It is optional in the Trading Combine and the Express Funded Account, and automatic in the Live Funded Account. If you add it at checkout, it is $1,000 on a 50K, $2,000 on a 100K and $3,000 on a 150K, and it cannot be changed later. Topstep Labs’ Static Combines carry a mandatory one.

Does Lucid Trading have a daily loss limit?

On LucidPro, LucidFlex and LucidDaily you choose at purchase: the daily loss limit is On or Off, and Lucid says the Off version has a higher evaluation price. The choice applies to the evaluation and the funded account and cannot be changed later. LucidDirect has no such choice: none on the 25K, a fixed one from $1,200 on the 50K to $3,000 on the 150K. LucidMaxx, which is invite only, has none.

What does no daily loss limit mean in a prop firm?

It means no rule stops you for the day after a given loss. Your maximum loss still applies: on a 50K Express to Live it is a static $650, liquidation at $49,350. Without a daily limit, the whole of that room is yours to manage in a single session, including a losing position you want to keep.

Is a daily loss limit a soft breach or a hard breach?

At most futures firms we checked, a soft breach: Lucid, Tradeify, Topstep, Apex, MyFundedFutures, FundedNext and Bulenox all describe it as a pause until the next session, not a failed account. The loss you took to reach it stays on the account.

Is a prop firm with no daily loss limit riskier?

Not by itself. The account still ends at the same maximum loss. What changes is who decides when to stop: you, with your own daily stop, instead of a rule that stops you at a fixed amount. If you know you tilt after a red morning, set a personal stop and keep it.

Competitor rules as read on each firm’s website or help center on November 3, 2026; they change often, so check the source before you buy. Phidias evaluation, funded CASH and LIVE accounts follow the Phidias rules page. Futures trading involves substantial risk of loss.