No Time Limit Prop Firms

FTMO (FTMO s.r.o., Prague) is the sector's most established simulated-funding firm, running a 2-Step and a newer 1-Step challenge. The most important fact is one almost every review gets backwards: the 2-Step fee is refunded 100% with your first payout, while the 1-Step fee is NON-REFUNDABLE. The 1-Step's lower sticker price (€499 vs €540 on a $100K) therefore makes it the more expensive route to funded, permanently. The 2-Step uses a STATIC 10% drawdown; the 1-Step uses an end-of-day TRAILING drawdown, a 3% daily loss, a 50% Best Day Rule that silently blocks payouts, no Scaling Plan — and it resets your entire drawdown buffer every time you withdraw. FTMO charges no withdrawal commission, has no consistency rules on the 2-Step, and scales to $2,000,000. There is no reset product: failing means buying again at full price.

Funded Trading Plus sells three programmes - Instant Funding, 1-Step Express and 2-Step Classic - on MT5 and Match-Trader, with an 80% base split. Two things reshaped the firm in 2026: the entire product line was replaced in February, taking the fee rebate with it, and the company was acquired by Instant Funding in May. It is UK-registered and says plainly that it is not FCA regulated. The 2-Step carries a 3% single-symbol loss limit that terminates the account outright.

E8 Markets (E8 Funding LLC, Dallas + E8 Markets Ltd, Saint Lucia) runs three single-phase products: E8 Zero, E8 One and E8 Pro. Two things dominate. First, the profit split is a PAID CHOICE at checkout — in E8's own words, 'select 80%, 90%, or 100% at checkout. Higher splits cost more upfront,' and the choice is permanent. Second, and more dangerous: on E8 Zero and E8 Pro your first payout permanently raises the loss level to your initial balance. E8's own worked example shows a $104,000 account requesting a $4,000 payout, dropping to $100,000, and BREACHING immediately. Withdrawing your own profit can destroy the account that produced it. E8 Zero also deactivates permanently after 5 payouts, capping lifetime earnings between $15,000 and $35,000 depending on account size. There is no fee refund of any kind.

Topstep is a Chicago-based futures prop firm running a single evaluation product, the Trading Combine, in three sizes ($50K/$100K/$150K). The split is a flat 90/10 with no upgrade to buy — but the headline "100% of your first $10,000" perk CLOSED to new accounts on 12 January 2026 and is now grandfathered only. The rule that decides most accounts is the Maximum Loss Limit: it trails on your END-OF-DAY balance, but it breaches INTRADAY on unrealised P&L, so you can be liquidated by an open drawdown you never actually realise — and after your first payout it is forced to $0, leaving your balance as your entire buffer. Express Funded accounts are simulated; Topstep's own 2025 data shows 16.8% pass the Combine and just 0.71% reach a real Live account. Minimum payout $125, five winning days of $150+, no subscription once funded.

The5ers (Five Percent Online Ltd, a UK company — but contracted under Israeli law with exclusive jurisdiction in Tel Aviv) runs four CFD programmes: Bootcamp, Hyper Growth, Pro Growth and High Stakes. Its real strengths are genuine: drawdown is STATIC on every CFD programme, the split scales to 100% for free rather than as a paid add-on, and High Stakes offers 1:100 leverage. But two things are widely misreported. First, a 3.5% commission is taken from EVERY cash withdrawal — Rise, crypto and bank transfer alike; the only 0% route is non-convertible Hub Credit. Second, the celebrated ~70% fee refund is High Stakes only, is paid as account equity rather than cash, and is itself subject to that 3.5% on the way out. The rule that decides most accounts is the 0.5% profitable-day definition: on a $100K you need $500 of closed profit in a day to qualify, and an open losing position at midnight wipes the day out entirely.

Alpha Capital Group is a UK-registered prop firm running four evaluation paths - Alpha One, Alpha Pro, Alpha Swing and Alpha Three - on MT5, cTrader, DX Trade and TradeLocker. The split is a flat 80% on every plan, and scaling raises your balance rather than your share. Every plan uses a static drawdown except Alpha One, which trails. The fee is non-refundable, and the rule that ends most accounts here is not a drawdown at all - it is the 2-minute average trade duration test.

Crypto Fund Trader is a crypto-first prop firm running 1-Phase, 2-Phase, Instant and Break evaluations on simulated capital up to $300,000, across MetaTrader 5, Match-Trader and Bybit. The base split is 80%, and the default payout cycle is 15 traded days or every 30 calendar days - weekly payouts and the 90% split are both paid add-ons. Simulated profit is hard-capped at $10,000 per day and per trade, with the excess deducted, which is the rule most crypto traders here meet first.

Apex Trader Funding replaced its entire product line on 1 March 2026. Everything on sale now is a one-time fee with no rebill, a 100% profit split and no consistency rule in the evaluation. The old model - monthly subscription, 90/10 split, the 30% negative P&L rule and the 5:1 risk-reward rule - is now Legacy and cannot be bought. Most reviews of Apex, including our previous one, still describe the old product.

FundedNext is a UAE proprietary trading firm operating through GrowthNext F.Z.E. (Ajman Free Zone), running the Stellar range: 1-Step, 2-Step, Lite and Instant. Per its own disclaimer it is a simulation-based platform. The base profit split is 80% — 90% is reached through the Scale-Up plan, and 95% is a PAID add-on costing 25–30% on top of the challenge fee. A processing fee of up to 3.5% is deducted from EVERY payout, so a nominal 80% split nets closer to 77%. Since 12 January 2026 the 1-Step split starts at 80% rather than 90% — and resetting an older account moves you onto the newer, worse terms. The 1-Step pays on a 5-business-day cycle; the 2-Step's first cycle is 21 days, then 14 thereafter. Minimum payout from 20 USD, and only 2 minimum trading days on the 1-Step.

Sabio Trade offers comprehensive forex trading services with user-friendly platforms and educational resources. Their competitive spreads and responsive customer support make them popular among both beginners and experienced traders. The company maintains strong security protocols while providing access to diverse market opportunities through their intuitive trading interface.

Funding Pips is a Comoros-registered prop firm (FundingPips Corp) with an administrative base in Dubai. All accounts are simulated. The advertised "up to 100%" profit split is neither a tier you earn nor an add-on you buy - it is a payout-frequency trade-off: weekly pays 60%, bi-weekly 80%, on-demand 90% and monthly 100%. That makes it the only major firm whose top split is free and rule-based rather than bought or scaled into. Maximum drawdown is STATIC on all four standard models (a floor that never moves) - the exceptions are FundingPips Zero, which trails at 5% and is by far the strictest product here, and Prime, which trails at 8%. Six programmes, fees from 29 to 888 USD, max allocation 400,000 USD, and Prime scaling to 2,000,000. Weekend holding has been suspended on funded accounts since January 2026. The challenge fee is refunded at your 4th reward on 1 Step and 2 Step Standard only - reset fees never are.

FXIFY is a broker-owned simulated forex/CFD prop firm: its challenge provider sits in the same corporate group, Prime Intermarket Group or FXPIG, as the Mauritius-licensed broker that supplies its pricing and liquidity. It trades on MT4, MT5, DXTrade and TradingView, plus crypto, with a separate FXIFY Futures brand. Its signature feature is first payout on demand: after passing, one closed trade lets you withdraw immediately with no minimum days, target or amount, credible because it owns its broker end to end. It offers 1-step, 2-step, 3-phase, Lightning, Instant Funding and crypto programs, sizes 5,000 to 400,000 from about 19 dollars, a split up to 90 percent (100 percent on crypto and futures), a 50 dollar minimum payout and scaling to 4 million. The main risk is a recurring pattern of payout denials citing latency arbitrage or prohibited strategies. It does not accept US traders.