Company Information

Company Name: Limitless Funding
Company Legal Name: Prop Account LLC
Company Registration No.: Undisclosed
Operating Since: 17 August 2023
CEO Name: Undisclosed

Challenge Details

Limitless Funding offers three types of evaluation accounts, allowing traders to prove their skills and earn funded trading accounts. Here's a detailed breakdown of each type:

1-Phase Evaluation Details

Pricing:

Size: $5,000 ($53)
Size: $10,000 ($65)
Size: $25,000 ($158)
Size: $50,000 ($298)
Size: $100,000 ($598)
Size: $200,000 ($1,198)

Rules:

Profit Target: 10%
Total Loss: 6%
Daily Loss: 5%
Profit Share: 75% (Upgradable to 90%)
Drawdown Type: Trailing Drawdown
Time Limit: Unlimited
Leverage: 20:1
Max Lot Size: No limit
Payout Frequency: 30 Days
Allows Copy Trading: Not allowed
Min Trading Days: 0 Days

2-Phase Evaluation Details

Pricing:

Size: $5,000 ($58)
Size: $10,000 ($98)
Size: $25,000 ($209)
Size: $50,000 ($289)
Size: $100,000 ($439)
Size: $200,000 ($829)

Rules:

Profit Target (Phase 1): 10%
Profit Target (Phase 2): 5%
Total Loss: 8%
Daily Loss: 4%
Profit Share: 75% (Upgradable to 90%)
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage: 30:1
Max Lot Size: No limit
Payout Frequency: 30 Days
Allows Copy Trading: Not allowed
Min Trading Days: 0 Days

3-Phase Evaluation Details

Pricing:

Size: $5,000 ($36)
Size: $10,000 ($67)
Size: $25,000 ($154)
Size: $50,000 ($212)
Size: $100,000 ($332)
Size: $200,000 ($652)

Rules:

Profit Target (Phase 1): 5%
Profit Target (Phase 2): 5%
Profit Target (Phase 3): 5%
Total Loss: 5%
Daily Loss: None
Profit Share: 75% (Upgradable to 90%)
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage: 20:1
Max Lot Size: No limit
Payout Frequency: 30 Days
Allows Copy Trading: Not allowed
Min Trading Days: 0 Days

Scaling Plan

Limitless Funding did not offer a scaling plan.

Spreads and News Trading Rules

Spreads:

Limitless Funding had not mentioned the spreads but they mentioned that they offer True STP BrokerLow Spreads.

News Trading Rules:

Yes, Traders were allowed to trade during news events.

Other Important Rules

Daily Drawdown Calculation:

Limitless Funding used to calculate Daily Drawdown based on the previous day's balance, resetting at 5 PM EST. Limitless Funding used a balance-based model rather than equity, which means the drawdown limit will only increase as the account size reaches a new high watermark and does not decrease even if the account is in loss.

Countries Banned from Purchasing:

Limitless Funding is open to traders worldwide, except for countries listed on the OFAC sanctions list. You can check the sanctioned countries here.

Gambling Rules and Prohibited Trading Strategies

Limitless Funding prohibits the following activities to ensure fair trading practices:

Account Sharing or Account Sale
High-Frequency Trading (HFT)
Any kind of Arbitrage
Trading in US-Sanctioned Countries
Collusion Between Users
Hedging Across Multiple Accounts
Delayed Data Feed

Payout Methods

Traders could request payouts through:

Bank Transfer
Cryptocurrency
Stored-Value Limitless Funding card – Coming Soon

Trading Commissions

Limitless Funding used RAW accounts from ThinkMarkets. Forex and Equity Share CFDs incur commission charges, while other products are commission-free.

IP Rule

Limitless Fun has not mentioned any IP Rule.

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