In the realm of proprietary trading, selecting the right funding firm can significantly impact a trader’s success and growth in the financial markets. True Forex Funds and FTMO stand out as reputable players in the industry, offering funding opportunities to skilled traders worldwide.
Choosing between these two firms is important because it affects the trading conditions, support, and growth opportunities for traders. This blog compares True Forex Funds and FTMO, focusing on funding limits, profit-sharing models, evaluation processes, unique features, and more.
Understanding the differences between each firm helps traders make informed choices. This ensures they find the best funding provider for their trading goals in the ever-changing world of prop trading.
Company Details: TFF and FTMO
FTMO
- CEO: Otakar Suffner
- Date and Year Founded: September 2015
- Location: Prague, Czech Republic
- Maximum Allocation: Up to $200,000
True Forex Funds
- CEO: Richard Nagy
- Date and Year Founded: October 2021
- Location: Győr, Hungary
- Maximum Allocation: Not specified
FTMO, founded in September 2015 by Otakar Suffner in Prague, Czech Republic, offers traders the opportunity to trade with up to $200,000 on an FTMO Account. On the other hand, True Forex Funds, established in October 2021 by Richard Nagy in Győr, Hungary, provides funding opportunities with a one-phase program but does not specify a maximum allocation amount. Both firms cater to traders looking for funding and evaluation processes tailored to enhance their trading skills and opportunities.
Funding Program Options
| Funding Program Options | True Forex Funds | FTMO |
|---|---|---|
| One-step Evaluation | ✅ | ❌ |
| Two-step Evaluation | ✅ | ✅ |
Two-Step Comparison
| Trading Rules/Objectives | True Forex Funds (Standard) | True Forex Funds (Quick Funding) | True Forex Funds (Limitless) | FTMO |
|---|---|---|---|---|
| Phase 1 Profit Target | 8% | 8% | 8% | 10% |
| Phase 2 Profit Target | 5% | 5% | 5% | 5% |
| Daily Drawdown | 5% | 5% | 5% | 5% |
| Overall Drawdown | 10% | 10% | 10% | 10% |
| Leverage | 1:100 | 1:100 | 1:100 | 1:30 up to 1:100 |
| Minimum Trading Days | 5 calendar days | No minimum trading days | 5 calendar days | 4 calendar days |
| Trading Period | Step 1: 30 calendar days Step 2: 60 calendar days | Step 1: 30 calendar days Step 2: 60 calendar days | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited |
| Profit Split | 80% | 80% | 80% | 80% up to 90% |
FTMO Offerings Overview
FTMO provides a comprehensive platform for traders seeking to access substantial trading capital and refine their skills. Their offerings include:
Evaluation Process
- FTMO Challenge: A two-step evaluation process consisting of the FTMO Challenge and Verification. Traders must pass both stages to qualify for a funded account.
- Trading Objectives: Traders must meet specific profit targets and risk limits during the evaluation process.
- Account Analysis: FTMO offers Account Analysis and Performance Coaches to help traders improve their skills and strategies.
Trading Accounts
- Beginner: $10,000 funding with 50% profit share.
- Intermediate: $25,000 funding with 70% profit share.
- Advanced: $50,000 funding with 80% profit share.
- Scaling Plan: FTMO aims for long-term business relationships by increasing the balance of an FTMO Account by 25% every 4 months, subject to consistent profitability.
Payout System
- Default Payout Ratio: 80% for all traders.
- On-Demand Payouts: Traders can request payouts after 14 days, with the option to change their profit split day up to three times.
Educational Resources and Support
- Educational Materials: FTMO provides educational materials, including trading guides, webinars, and articles, to help traders enhance their trading skills and knowledge.
- Community: Traders become part of a supportive community where they can interact with fellow traders, share ideas, and seek guidance.
- Personalized Feedback: Throughout the evaluation process and funded account trading, traders receive personalized feedback from FTMO’s team of experts.
Free Trial
- Free Trial Account: Traders can try the process completely free of charge, with the same trading conditions as the FTMO Challenge.
Payout System
- Default Payout Ratio: 80% for all traders.
- On-Demand Payouts: Traders can request payouts after 14 days, with the option to change their profit split day up to three times.
Scaling Plan
- Scaling Plan: FTMO aims for long-term business relationships by increasing the balance of an FTMO Account by 25% every 4 months, subject to consistent profitability.
Educational Resources and Support
- Educational Materials: FTMO provides educational materials, including trading guides, webinars, and articles, to help traders enhance their trading skills and knowledge.
- Community: Traders become part of a supportive community where they can interact with fellow traders, share ideas, and seek guidance.
- Personalized Feedback: Throughout the evaluation process and funded account trading, traders receive personalized feedback from FTMO’s team of experts.
Free Trial
- Free Trial Account: Traders can try the process completely free of charge, with the same trading conditions as the FTMO Challenge.
True Forex Funds Offers
True Forex Funds is a rapidly growing proprietary trading firm that provides funding and support to skilled traders worldwide. Here is a detailed exploration of True Forex Funds’ offerings:
Funding Limits
- Maximum Allocation Capital: Traders can manage up to $400,000 in two-step evaluation accounts with True Forex Funds.
- Account Structures: True Forex Funds offers various account structures tailored to different trader needs, including Standard Two Phase Funding, One Phase Funding, Quick Funding, and Timeless Funding.
Profit-Sharing Model
- Profit Split: Traders at True Forex Funds benefit from an 80/20 profit split, allowing them to retain a significant portion of their trading profits.
Evaluation Process and Account Scaling Plan
- Evaluation Programs: True Forex Funds offers multiple evaluation programs, including two- and one-step evaluations. Traders can choose the program that best suits their trading style and goals.
- Account Scaling: The firm provides a scaling plan with unlimited upside potential for traders who complete the evaluation process and adhere to the trading rules.
Unique Features
- No Minimum Trading Days: True Forex Funds does not impose minimum trading day requirements on traders, offering flexibility in trading schedules.
- Account Retry Options: Traders at True Forex Funds have the opportunity to retry the evaluation process if they do not initially meet the requirements, providing a second chance for success.
True Forex Funds stands out for its comprehensive funding options, profit-sharing model, flexible evaluation programs, and unique features like no minimum trading days and account retry options. Traders looking for a supportive and growth-oriented trading environment may find True Forex Funds to be a valuable partner in their trading journey.
Account Sizes and Fees
| Account Size | True Forex Funds (Standard) | True Forex Funds (Quick Funding & Limitless) | FTMO |
|---|---|---|---|
| $10,000 | €89 | €98 | €155 |
| $25,000 | €189 | €208 | €250 |
| $50,000 | €299 | €329 | €345 |
| $100,000 | €499 | €549 | €540 |
| $200,000 | €998 | €1,098 | €1,080 |
Trading Instruments
FTMO
- Tradeable Assets: Forex, Indices, Metals, Commodities, Stocks, Crypto
- Maximum Balance: Up to $2,000,000
- Trading Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, DXtrade
- Risk Management: Emphasizes risk management with predefined limits for drawdown and daily losses.
True Forex Funds
- Tradeable Assets: Forex, Indices, Metals, Commodities, Stocks, Crypto
- Maximum Balance: Up to $1,000,000
- Trading Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5)
- Risk Management: Implements innovative risk scaling up to 14% drawdown
Truspilot Review Statistics
| Trustpilot Statistics | True Forex Funds | FTMO |
|---|---|---|
| Rating | 4.3/5 | 5/5 |
| Number of Reviews | 2,947 | 9,879 |
True Forex Funds or FTMO: Summary
True Forex Funds
- Evaluation Process: True Forex Funds offers a straightforward evaluation process with no trading restrictions, allowing traders to showcase their skills without limitations. This approach can be advantageous for traders seeking flexibility and freedom in their trading strategies.
- Funding Program Options: TFF provides both One-Step and Two-Step evaluations.
- Costs and Fees: True Forex Funds offers competitive pricing structures with account sizes tailored to different trader preferences. Traders can access funded accounts at varying price points, with the firm providing a cost-effective solution for traders of all levels.
- Support & Community: True Forex Funds prioritizes community support, providing traders with valuable tools such as daily returns and profitability allocations, enhancing the trading experience.
- Trading Accounts: Traders can manage funded accounts up to $400,000. The firm supports popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for efficient trade execution.
FTMO
Evaluation Process: FTMO presents a structured and comprehensive evaluation system with the FTMO Challenge and Verification stages.
Funding Program Options: Offers a two-step evaluation process.
Costs and Fees: Charges an evaluation fee covering platform usage, personalized feedback, and support resources. Traders do not need to make an initial deposit or bear losses during evaluation.
Support & Community: Emphasizes a community-driven approach with forums, webinars, and valuable insights from seasoned traders.
Trading Accounts: Offers different account levels with varying funding, profit share, and risk parameters: Beginner ($10,000), Intermediate ($25,000), Advanced ($50,000).
The comparison between True Forex Funds and FTMO reveals distinct evaluation processes, cost structures, support offerings, and account options. Traders can make informed decisions based on their preferences for simplicity, community engagement, funding levels, and risk management requirements when choosing between these reputable funding firms in the proprietary trading industry.
