What is trailing drawdown in prop firms?

Trailing drawdown means your maximum loss limit rises as your account profits grow. For example, with a $2,500 trailing drawdown starting at a $50,000 account, if you grow the account to $51,500, your drawdown floor rises to $49,000. This punishes traders for profitable runs by constantly raising the floor, creating a treadmill effect.

What is EOD drawdown and how is it better than trailing?

EOD (End-of-Day) drawdown only recalculates at the close of the trading session based on closed P&L, not intraday floating profits. This means your floor doesn't rise during the day because a position is winning — it only updates once you close that position and the session ends. This gives far more intraday freedom than trailing drawdown.

Which futures prop firms have no trailing drawdown in 2026?

The main futures prop firms with no trailing drawdown in 2026 are: Alpha Futures (pure fixed EOD), Phidias (fixed EOD, One Day Pass), and MyFundedFutures Flex (EOD that locks to initial balance). All three use some form of EOD drawdown that doesn't trail intraday profits.

What is the cheapest prop firm with no trailing drawdown?

With discount codes: Phidias is the cheapest at $65.60 with code PROPSCOPE (60% OFF on $164). Alpha Futures is $95.20 with PROPSCOPE (20% OFF on $119). MyFundedFutures Flex 50K is $106.76 with PROPSCOPE (32% OFF on $157).

Guide updated April 29, 2026

Best Futures Prop Firm with No Trailing Drawdown 2026

Trailing drawdown is one of the most trader-unfriendly mechanics in prop firms. This guide explains the difference between trailing, fixed, and EOD drawdown — and ranks the best futures prop firms that don't use it.

Trailing drawdown vs fixed drawdown vs EOD: what's the difference?

Trailing Drawdown (avoid this)

Your maximum loss limit rises continuously as your account grows. If you're at $50,000 with a $2,500 trailing drawdown and you reach $52,000 intraday, your floor rises to $49,500. A reversal that brings you back to $50,000 doesn't hurt — but if it brings you to $49,400, you're eliminated. The floor follows every tick in your favor, creating a treadmill where profits tighten your ceiling.

Apex Trader Funding uses intraday trailing drawdown. Topstep uses trailing drawdown. These firms are eliminated from this guide.

Fixed (Static) Drawdown

Your loss floor is set at account creation and never moves. With a $50,000 account and $2,500 fixed drawdown, your floor is permanently at $47,500 regardless of how much you've earned. You can grow the account to $70,000 and your floor stays at $47,500. This is the most favorable drawdown type for traders.

EOD (End-of-Day) Drawdown

The floor only recalculates at session close based on closed P&L, not intraday floating profits. If your position is up $3,000 intraday but you haven't closed it, your floor hasn't moved. It only updates once the session ends and profits are realized. This gives traders full intraday freedom while still having some floor movement over time.

Best futures prop firms with no trailing drawdown 2026

#1 Alpha Futures — Pure Fixed EOD

Best for: macro traders, aggressive strategies, highest trust rating

Trustpilot 4.9/5

Drawdown: Pure fixed EOD — floor never rises regardless of profits
50K evaluation: $95.20 with code PROPSCOPE (20% OFF on $119)
Profit split: 90% (no consistency rule)
Payout: Weekly, every Wednesday from day 7
Daily loss limit: $1,500 (50K account)

Start Alpha Futures — $107.00 with code PROPSCOPE → Full review →

#2 Phidias — Fixed EOD + One Day Pass

Best for: fastest evaluation, cheapest entry with discount

60% OFF

Drawdown: Fixed EOD — floor never rises with intraday profits
50K evaluation: $65.60 with code PROPSCOPE (60% OFF on $164)
Profit split: 85%
Payout: On-demand after ~10 days
One Day Pass: Pass in one trading session if you hit the target

Start Phidias — $65.60 with code PROPSCOPE → Full review →

#3 MyFundedFutures Flex — EOD Locking

Best for: fastest payout (1 day), no daily loss limit

1-Day Payout

Drawdown: EOD drawdown that locks to initial balance — no intraday trailing
50K evaluation: $106.76 with code PROPSCOPE (32% OFF on $157)
Profit split: 100% first $10K → 90%
Payout: 1 day after hitting target ($100 minimum)
Daily loss limit: None on Flex plan

Start MFFU — $106.76 with code PROPSCOPE → Full review →

Which should you choose?

If you trade macro events like FOMC, NFP, or CPI where your profit concentrates in a single session, Alpha Futures is the best option: pure fixed drawdown means that exceptional day doesn't raise your floor at all. If you want the fastest evaluation with the cheapest entry, Phidias wins with the One Day Pass and 60% discount. If you need cash in your hands the same week you hit a target, MyFundedFutures Flex with its 1-day payout is unbeatable.

Use our free consistency calculator to simulate how your trading performance maps to each firm's rules before committing.

Frequently Asked Questions

Alpha Futures is the top-rated option: Trustpilot 4.9/5, pure fixed EOD drawdown, 90% profit split and weekly payouts. The 50K evaluation costs $107.00 with code PROPSCOPE (10% OFF).

Yes. Apex Trader Funding uses intraday trailing drawdown — your floor rises as your account value increases intraday, including on unrealized profits. This is why many traders prefer Alpha Futures or Phidias as alternatives.

Not exactly. Fixed (static) drawdown means the floor never moves at all — it's permanently set at account creation. EOD drawdown updates once per day based on closed session profits. Both are far superior to intraday trailing drawdown, but fixed is theoretically the best for long-term traders.

With Alpha Futures and Phidias (fixed EOD): holding overnight won't affect your drawdown floor unless you close a position that day. With MyFundedFutures Flex: positions held past 4:59 PM CT are included in that day's EOD calculation. Plan overnight holds carefully if using MFFU.