MyForexFunds vs FTMO: Which Prop Firm is Best for You?

The Two Biggest Prop Firms

FTMO and MyForexFunds are the two largest and most established prop firms. Both offer similar services but with important differences that may favor one over the other depending on your trading style and goals.

Comparison: Challenge Rules

FTMO Challenge:

• Challenge cost: $200
• Profit target: 10%
• Daily loss limit: 5%
• Total drawdown: 10%
• Duration: 90 days (minimum 10 trading days)

MyForexFunds Challenge:

• Challenge cost: $149-$299
• Profit target: 5%
• Daily loss limit: 3-5% (varies)
• Total drawdown: 5%
• Duration: No time limit

Comparison: Funded Account Rules

FTMO Funded Account:

• Account sizes: $25k-$500k+
• Daily loss limit: 5%
• Total drawdown: 5-10%
• Profit split: 80/20 (trader keeps 80%)
• Scaling: After 3-6 months consistent profits

MyForexFunds Funded Account:

• Account sizes: $10k-$1M+
• Daily loss limit: 3-5% (more restrictive)
• Total drawdown: 5%
• Profit split: 80/20 or 90/10 (trader keeps 80-90%)
• Scaling: Faster and more frequent

Winner: Easier Challenge

MyForexFunds has an easier challenge: - 5% target vs FTMO's 10% - 3-5% daily limit gives more trading days before hitting limit - No time constraint means you can trade at comfortable pace

Winner: Better Payouts

MyForexFunds offers better payouts: - 90/10 split available (vs FTMO's 80/20) - This means 10-20% more profit in your pocket monthly - Over a year, this difference is substantial

Winner: Larger Scaling Potential

MyForexFunds scales more aggressively: - Offers accounts up to $1M+ for proven traders - Faster scaling timeline (3-4 months typical) - FTMO's maximum scaling is slower

Winner: Established and Trusted

FTMO has longer track record: - Operating since 2015 (older and more established) - Larger community and reputation - More transparent about payouts and rules - Lower risk of firm collapse

Winner: Stricter Risk Management Requirements

FTMO has stricter rules: - More restrictive for undisciplined traders - Better for learning risk management - Forces traders to trade carefully

Which Should You Choose?

Choose FTMO if:

• You value established reputation and stability
• You want community support (larger FTMO trader base)
• You're a beginner needing stricter discipline
• You prefer longer track record of firm

Choose MyForexFunds if:

• You want easier challenge (5% vs 10%)
• You want better profit split (90/10)
• You want faster scaling to larger accounts
• You want more trading flexibility

Real Trader Preference

Many experienced traders trade BOTH firms because: - Multiple funded accounts = multiple income streams - Each account only needs $5,000 profit/month to be profitable - Risk is diversified across firms - Reduces single-firm account termination impact

FAQ

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