Prop trading firms have long operated on a framework of rules. Traders face daily loss limits, trailing drawdown thresholds, profit targets, time constraints, and restrictions on trading styles. These rules define how most prop firms evaluate and manage traders. RaiseMyFunds is removing all of them but one.Prop traders on RaiseMyFunds can now trade as they wish. The single parameter that remains is a maximum loss, fixed once on the starting balance.The decision goes beyond adjusting risk parameters or loosening constraints. RaiseMyFunds is eliminating the rules-based framework that other prop firms use to govern trader behaviour. No daily loss limits. No trailing drawdown. No profit targets. No time constraints. No restrictions on trading methods or styles.RaiseMyFunds is also offering instant funding of up to $400,000 with no challenge phase. Access is by application: traders submit a form, RaiseMyFunds reviews each one, and a member of the team makes contact only if the candidate is selected. The account also offers a profit split of up to 85 per cent for the traders.These moves represent a fundamental break from how prop trading operates today.How Prop Firms Normally Keep Traders in CheckA typical funded trader operates under multiple constraints: daily loss limits that cap losses in a single session, drawdown thresholds recalculated on account balance or equity as the account grows, profit targets that must be hit within specific timeframes, and often restrictions on holding positions overnight or trading during news events.Prop firms justify these rules as risk management tools, arguing that limits protect capital and filter out reckless trading. The rules create boundaries within which traders must operate, theoretically ensuring disciplined behaviour.RaiseMyFunds has observed how these rules function in practice over several years. The company concluded that they do something different than advertised: they create artificial conditions that distort trading behaviour rather than improve it.The Only Rule That Stays: A Fixed Maximum LossThe parameter RaiseMyFunds keeps is a maximum loss. What distinguishes it is not its size but the way it is calculated.Why a Static Maximum Loss Beats a Trailing OneMost prop firms operate a trailing drawdown, recalculated on account balance or equity as the account grows. The effect is familiar to every funded trader: the floor rises with each gain. A trader up 6 per cent carries a threshold that has moved up with them, and an ordinary retracement can close an account that is still profitable on its starting capital. The trader is penalised not for losing money, but for having made some first.RaiseMyFunds' maximum loss is static. It is calculated once, on the initial balance. It does not trail. It is not recalculated on equity. A trader up 6 per cent has exactly the same floor as on day one, and knows from the first session where the wall stands.This is the difference between a rule a trader can plan around and a rule that moves while they trade.Why Every Other Rule Was RemovedThe decision to eliminate the other rules stems from RaiseMyFunds' assessment of what those constraints actually accomplish. Rather than promoting good trading, they often force traders into patterns that contradict sound strategy.Daily loss limitsDaily loss limits create artificial pressure points. A trader who takes a legitimate loss early in the day faces restricted room for additional losses. This constraint doesn't reflect real market conditions but an arbitrary boundary imposed by the prop firm.Trailing drawdownTrailing drawdown rules have a similar effect. Traders approaching a threshold that keeps moving face mounting pressure to avoid any loss at all, often closing positions prematurely or skipping trades they would otherwise take. The rule becomes the focus rather than the market itself.Profit targets and time limitsProfit targets with time constraints push traders toward rushed decisions. Someone with a profitable strategy that works over weeks or months must compress that approach into shorter timeframes to meet prop firm deadlines. This pressure contradicts the patient approach that often leads to consistent results.RaiseMyFunds identified these patterns as structural problems, not implementation issues. Adjusting the specific numbers (allowing slightly larger limits or longer timeframes) doesn't address the core issue that the rules themselves distort behaviour.What Actually Changes for the TraderThere are no daily loss limits to navigate. Traders can take legitimate losses without worrying about hitting artificial caps. There is no trailing threshold that closes an account because it grew.The model eliminates profit targets entirely. RaiseMyFunds doesn't require traders to hit specific profit levels within set timeframes. There's no pressure to generate returns quickly or compress strategies into evaluation periods.Time constraints disappear as well. Traders aren't working against deadlines to prove themselves or maintain accounts. Style restrictions are gone too: RaiseMyFunds doesn't limit what types of trades are permitted, when traders can enter positions, or how they must manage them.Where the Oversight Goes: Selection at the DoorThis doesn't mean RaiseMyFunds provides capital with no oversight. The oversight moves to the entrance. Because there is no challenge phase to filter candidates, the firm filters them before the capital is released: applications are reviewed individually, and only selected traders are contacted. There is no challenge fee, no retry and no way to buy a way in. The programme is deliberately smaller than its mass-market equivalents.The Reasoning Behind the ModelRaiseMyFunds believes that artificial constraints imposed by prop firms often create the problems they claim to prevent.Rules force traders to optimise for compliance rather than good trading. When someone's primary concern is avoiding rule violations, such as staying under daily loss limits, meeting profit targets, and adhering to time constraints, they're not focused on reading markets and executing sound strategies. They're focused on navigating the prop firm's framework.RaiseMyFunds concluded that removing these artificial priorities allows traders to focus on actual trading. It also recognised that rules-based systems create adversarial relationships, in which traders view rules as obstacles to overcome rather than helpful boundaries. One fixed, transparent limit changes that dynamic.The company isn't claiming that removing rules makes trading easier or more profitable. It is stating that artificial constraints distort trading behaviour in ways that work against traders' interests, and that a single static threshold does the risk management work the rulebook claimed to do.How to Apply for Instant FundingApplications for instant funding accounts are open and reviewed individually. Places are limited, and only selected candidates are contacted.Apply for instant funding at RaiseMyFunds: https://raisemyfunds.co/instant-fundingWhat This Could Mean for the IndustryBy removing every trading rule but one, RaiseMyFunds is testing whether selection, trust and aligned incentives can replace rigid control systems. The model suggests that risk can be managed through partnership and performance rather than artificial constraints. This shift could encourage a broader rethink of how prop firms balance capital protection with trader autonomy. This article was written by IL Contributors at investinglive.com.