Prop Firms With No Daily Loss Limit
A daily loss limit caps how much the account can drop within a single trading day, regardless of the overall drawdown. For strategies that occasionally take a single concentrated hit and recover over a week, the daily cap is a structural drag. The firms below have at least one program without it.
Removing the daily loss limit shifts risk back toward the overall drawdown rule. That is appropriate for swing traders and any strategy whose variance per session is high relative to its variance per week. Most firms that drop the daily cap compensate with a tighter overall drawdown or a stricter consistency rule, so the program reads better in isolation than it does in context. Read the per-program rule sheet linked from each firm before assuming the daily-limit removal is purely upside.
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Frequently asked questions
Does removing the daily limit mean overall drawdown is tighter?
Often yes. Firms that remove the daily cap typically reduce the overall maximum drawdown buffer by 1% to 2% to preserve their risk envelope.
Which trader profiles benefit most?
Swing traders, news traders and any strategy whose per-trade size is large relative to typical daily variance. Pure scalpers see no benefit because they rarely approach the daily cap anyway.
Are no-daily-limit programs more expensive?
Pricing is comparable to the firm's standard program. The trade-off is in the rule set rather than the fee.