• A daily loss limit is the cap on how much you can lose in a single day — and it is the single most common reason evaluation accounts are failed.
  • A handful of firms remove it and govern risk through one maximum drawdown instead: City Traders Imperium (Long-Term Trader) and BluFX on some plans. (Correction: The5%ers no longer qualifies — all of its current programs carry a daily loss limit.)
  • No daily limit suits swing and position traders — but only if your own risk control replaces the rule the firm removed.

What a daily loss limit actually does

A daily loss limit is the maximum you’re allowed to lose in one trading day, measured from that day’s starting balance. Breach it — counting realised losses plus open floating loss intraday — and the account is failed, even if your overall drawdown still has room.

For day traders this is a guardrail. For swing and position traders it’s a trap: a position held overnight can drift into a daily breach on a single gap or news spike, failing an account that was never actually in deep drawdown. That mismatch is why traders search specifically for firms without the rule.

Prop firms with no daily loss limit

FirmPlan with no daily limitRisk control insteadBest for
City Traders ImperiumLong-Term TraderMax drawdown onlyPosition traders, longer holds
BluFXSome plansMax drawdown onlySubscription-style funded access

Program structures change often, so treat this as a shortlist and confirm the live rule set on each firm’s official site before you pay.

The5%ers — a correction: it no longer belongs on this list

Earlier versions of this article led with The5%ers High-Stakes as a single-stage, no-daily-loss plan with a ~4% max drawdown. On re-verification against the official program pages, none of that holds: High Stakes is a two-step evaluation with a 5% daily loss limit and a 10% static maximum loss, and the one-step Hyper Growth carries a 3% daily loss limit with a 6% stop-out. Every current The5%ers program has a daily loss rule, so it has been removed from this list. (Separately, on 2026-08-01 this site re-rated The5%ers from High to Low trust after the firm acknowledged payout delays.) Current rules: The5%ers rules explained.

City Traders Imperium — Long-Term Trader

  • The Long-Term Trader plan removes the daily loss limit by design and is built around holding trades.
  • Suits position traders who think in days and weeks rather than sessions.

BluFX — subscription model

  • No daily loss limit on some plans, with a subscription-style funded structure.
  • Read the specific plan terms, as the no-daily-limit rule applies to particular tiers only.

No daily limit is freedom, not safety

Removing the daily cap doesn’t reduce your risk — it moves it onto you. Without a daily limit, one oversized loss can run straight to your maximum drawdown and end the account in a single trade. The firms above simply trust you to manage the day yourself.

So if you choose a no-daily-limit account:

  • Set your own daily stop. Decide the loss that ends your trading day and honour it.
  • Size against max drawdown. Your real budget is the overall drawdown, not a daily figure — divide it across the trades you expect to be wrong on.
  • Respect overnight and weekend gaps. The reason you wanted no daily limit (holding trades) is exactly where gap risk lives.

Who should use a no-daily-loss-limit firm?

  • Swing traders holding positions for days → the daily cap is your biggest false-failure risk; remove it.
  • Position traders on higher timeframes → a daily measure barely fits how you trade.
  • News and event traders → overnight drift won’t fail you on a technicality.
  • Pure scalpers and day traders → you probably don’t need this; a daily limit can even enforce useful discipline.

Summary

  • The daily loss limit fails more accounts than any other rule — and swing traders are hit hardest by it.
  • City Traders Imperium Long-Term Trader and BluFX are the clearest no-daily-limit options; The5%ers was removed from this list after re-verification showed all its current programs carry a daily loss limit.
  • The freedom only pays off if you replace the rule with your own daily stop and size against max drawdown.
  • Final investment decisions are your own. This site does not provide investment advice.