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.
