Prop Trading Firms: Forex Prop Firm vs. FTMO – A Comparative Analysis
Trading Objectives: A Comparative Overview
When comparing Forex Prop Firm and Ftmo, the differences in their trading objectives become apparent. Forex Prop Firm’s Phase 1 profit target stands at 8%, while Ftmo sets a slightly higher benchmark of 10%. However, both firms share a common goal of a 5% profit target in Phase 2.
Regarding risk management, Forex Prop Firm initially allows for no maximum daily loss, transitioning to a 5% limit once funded. Ftmo, on the other hand, maintains a consistent 5% maximum daily loss throughout the evaluation process.
Total maximum loss is another area of distinction. Forex Prop Firm permits a 12% loss (10% once funded), while Ftmo caps it at a more conservative 10%.
Trading duration also varies between the two firms. Forex Prop Firm requires a minimum of 5 trading days, compared to Ftmo‘s 4-day requirement. However, Ftmo offers unlimited trading periods for both phases, while Forex Prop Firm sets a 35-day limit for Phase 1 and a 60-day limit for Phase 2.
Profit sharing is another key differentiator. Forex Prop Firm offers a generous 90% to 100% profit split, while Ftmo‘s split ranges from 80% to 90%.
Unique Features: Setting Forex Prop Firm Apart
Trading Goals: A Comparative Overview – uProfit
- Forex Prop Firm Targets 8% Gain in Phase 1
- FTMO eyes 10% gain
- Both companies share a common profit goal of 5% in Phase 2
- Forex Prop Firm Allows 12% Maximum Total Loss
- Forex Prop Firm requires a minimum of 5 trading days
Forex Prop Firm’s standout feature is its two-step evaluation program with no time limit. This flexible approach allows traders to progress at their own pace, without the pressure of a ticking clock.
The program comprises two phases, with a 10% profit target in Phase 1 and 5% in Phase 2. Traders must adhere to a 5% maximum daily loss and a 10% maximum drawdown rule.
Notably, Forex Prop Firm does not impose a maximum trading day requirement, providing traders with the freedom to manage their time as they see fit. However, a prerequisite of achieving a 5% profit is necessary before traders can withdraw their earnings.
This unique combination of flexibility and performance-based incentives sets Forex Prop Firm apart from industry leaders like Ftmo.
