The Ultimate Showdown: True Forex Funds vs. FTMO – A Comprehensive Comparison

Introduction

Embark on an enlightening journey as we delve into the captivating world of proprietary trading firms. Our focus will be on two industry giants: True Forex Funds and Ftmo. Join us as we meticulously compare these esteemed organizations, offering valuable insights to empower your trading endeavors.

Company Profiles

The 5 most important aspects of FTMO

True Forex Funds, established in October 2021, is a rising star guided by the visionary Richard Nagy. Its headquarters are nestled in the heart of Győr, Hungary. Ftmo, on the other hand, has been a trailblazer since September 2015, led by the astute Otakar Suffner. This Prague-based firm has firmly established its presence in the industry.

Both firms share a common goal: providing traders with the opportunity to manage substantial capital. They offer evaluation accounts that allow traders to prove their skills and potentially earn the privilege of managing up to $400,000.

Funding Program Options

True Forex Funds presents a diverse range of funding options, catering to traders of varying experience levels. They offer three distinct two-step evaluations and a simplified one-step evaluation, providing flexibility and choice.

Ftmo, on the other hand, has opted for a more streamlined approach, focusing solely on their robust two-step evaluation program. This program has gained recognition for its effectiveness in identifying skilled traders.

Two-Step Evaluation: A Closer Examination

The 5 most important aspects of FTMO

The two-step evaluation process is a crucial aspect of the proprietary trading firm model. Let’s delve into the specifics of how True Forex Funds and Ftmo approach this evaluation:

Profit Targets

Both firms set an initial profit target of 8% in Phase 1. However, Ftmo raises the bar in Phase 2, requiring traders to achieve a 10% profit target, demonstrating their commitment to identifying exceptional traders.

Drawdown Limits

Maintaining discipline is paramount in trading. Both True Forex Funds and Ftmo enforce strict drawdown limits to mitigate risk. Daily and overall drawdowns are capped at 5% and 10% respectively, ensuring that traders adhere to sound risk management practices.

Leverage Options

Leverage can be a double-edged sword. True Forex Funds offers a standard 1:100 leverage, while Ftmo provides a range of options from 1:30 to 1:100. Traders should carefully consider their risk tolerance and trading style when selecting the appropriate leverage level.

Minimum Trading Days

To ensure that traders have sufficient time to demonstrate their skills, True Forex Funds requires a minimum of 5 calendar days of trading in Phase 1. Ftmo, on the other hand, has set a slightly shorter minimum of 4 trading days, allowing traders to progress more quickly through the evaluation process.

Trading Periods

Phase 2 of the evaluation process offers unlimited trading opportunities for both firms. However, the requirements for Phase 1 differ. True Forex Funds allows traders to trade for a maximum of 30 days, while Ftmo imposes a shorter 10-day trading period.

Profit Split

Traders are incentivized to perform well through a profit-sharing arrangement. Generally, both firms offer an 80% profit split. However, Ftmo has the potential to offer a more generous 90% split, providing an additional incentive for traders to excel.

Comparative Pricing Structure

Pricing is an important consideration for traders. True Forex Funds offers a range of account sizes, starting from €89 for a $10,000 account. Ftmo‘s pricing starts at €1,080 for a $200,000 account, providing traders with a wider range of options to suit their financial capabilities.

Brokers & Trading Platforms

The 5 most important aspects of FTMO

True Forex Funds and Ftmo understand the importance of partnering with reliable brokers and providing traders with access to top-notch trading platforms. Both firms have established relationships with Tier-1 Liquidity Providers, ensuring that traders have access to real-time market data and competitive spreads.

In terms of trading platforms, True Forex Funds offers MetaTrader 4 and MetaTrader 5, while Ftmo provides a wider selection that includes MetaTrader 4, MetaTrader 5, cTrader, and DXtrade. Traders can choose the platform that best aligns with their trading style and preferences.

Trading Instruments

The ability to trade a diverse range of instruments is crucial for traders seeking to capitalize on various market opportunities. Both True Forex Funds and Ftmo offer a comprehensive selection of trading instruments, including:

Additionally, Ftmo provides access to Bonds, further expanding the trading opportunities available to traders.

Community Feedback

The 5 most important aspects of FTMO

Trustpilot, a reputable online review platform, provides valuable insights into the experiences of traders with True Forex Funds and Ftmo. True Forex Funds has earned a commendable 4.7/5 rating from 2,257 reviews, indicating a high level of satisfaction among its traders.

Ftmo has an even more impressive 4.8/5 rating from 5,999 reviews, showcasing its strong reputation and the positive experiences of its trader community.

Conclusion

True Forex Funds and Ftmo are both reputable proprietary trading firms that offer unique opportunities for traders to showcase their skills and potentially manage substantial capital. While True Forex Funds provides a wider range of funding options, Ftmo‘s established presence and higher Trustpilot rating demonstrate its popularity among traders.

Ultimately, the best choice for you will depend on your individual trading style, risk tolerance, and financial situation. By carefully considering the factors outlined in this comprehensive comparison, you can make an informed decision and embark on a successful trading journey with either True Forex Funds or Ftmo.