When it comes to trading, there are multiple factors to consider, such as the platform you choose and the requirements that come along with it. One particular factor that can cause concern for some traders is the existence of time limits and minimum trading days still enforced by some platforms. This can be a deal breaker for some traders looking for more flexibility in their trading schedules.
To better understand this, let us look at the differences between “no time limits” and “no minimum trading days” and what this means to some platforms.
What’s the difference between “no time limits” and no “minimum trading days”
When it comes to prop trading firms, two terms that are often used are “no time limits” and “no minimum trading days.” But what does this mean?
“No time limits” means no restrictions on how long a trader can trade during their Audition process, whereas “no minimum trading days” means that a trader is not required to trade for a number of days before passing their Audition or challenge.
It can be restricting and inflexible when prop firms offer no time limits but require minimum trading days.
Competitors with “No Time Limits”
Some firms, like FTMO, mandate that you trade for at least 4 days, which may cause you to overtrade. Others have similarly restrictive trading time frames on some levels of their challenges or may require you to pay to remove the time limits. For example, MyForexFunds (MFF) and The Funded Trader (TFT) require three weekly trades, which can mandate more trading than necessary to meet profit targets. Another example of trading day requirements is Funded Next which imposes a minimum of ten trading days on the Express Funded account
SurgeTrader vs Competitors
With SurgeTrader, it’s simple. Take all the time that your strategy needs and make as many (or as few) trades as you need to be profitable. You can pass our Audition at your own pace – in 3 hours or 3 months, you decide how many days you want to trade with no minimums. We believe traders should have the flexibility to trade whenever they want, without any restrictions. We understand traders have different schedules and preferences, which is why we chose to expand their trading opportunities.
Why choosing a no minimum trading days firm is beneficial
Finding a trading platform with the trading flexibility you’re looking for is a significant factor that you must consider. While some platforms still require a minimum number of trading days and/or impose time limits, SurgeTrader does not have those requirements. We firmly believe in giving our traders the flexibility and freedom to trade whenever they want without limitations. We are confident that our platform will exceed your expectations and help you achieve your trading goals.