Comparison between My Forex Funds & FTUK

In this article, we will go through what My Forex Funds and FTUK have to offer. We will compare the firms in general and what they offer to forex traders.

1. Company incorporation

	My Forex Funds	FTUK
Incorporation date	July 2020💚	December 2021

My Forex Funds and FTUK are legitimate proprietary trading firms. My Forex Funds was incorporated in July 2020 and has become one of the most successful firms in the industry. FTUK, on the other hand, is a relatively new proprietary trading firm incorporated in December 2021. However, despite the short period they are operating, they have made an excellent reputation for themselves and are attracting attention from forex traders worldwide.

2. Funding program options

Funding program options	My Forex Funds	FTUK
One-phase evaluation	✅	✅
Two-phase evaluation	✅	❌
Direct funding	✅	✅

My Forex Funds and FTUK have the following funding program options that their community can choose from. My Forex Funds has a one-phase evaluation, two-phase evaluation, and direct funding, while FTUK has a one-phase evaluation and direct funding program.

Let’s look at the comparison between their one-phase evaluation and direct funding programs since both proprietary trading firms are offering them.

One-phase funding program comparison:

Rule/Guideline	My Forex Funds	FTUK low risk	FTUK aggressive risk
Profit target	No profit target💚	10%	25%
Daily drawdown	5%	5%	5%
Overall drawdown	12%	5%💚	5%💚
Leverage	1:500💚	Up to 1:50	Up to 1:100
Minimum trading days	3 times per week	No limit💚	No limit💚
Phase 1 trading period	No limit💚	90 calendar days	90 calendar days
Profit split	12%	Up to 80%💚	Up to 80%💚

Now that we have gone through their rules and guidelines for their one-phase evaluation challenges we are going to go through pricing for different account sizes.

Account size	My Forex Funds	FTUK low risk	FTUK aggressive risk
$10,000	$99	❌	❌
$14,000	❌	£119	£119
$20,000	$189	❌	❌
$40,000	❌	£299	£299
$50,000	$399	❌	❌
$60,000	❌	£349	£349
$90,000	❌	£449	£449
$100,000	$749	❌	❌

Direct funding program comparison:

Rule/Guideline	My Forex Funds Conventional	My Forex Funds Emphatic	FTUK low risk	FTUK aggressive risk
Profit target	No profit target💚	No profit target💚	10%	25%
Overall drawdown	5%	10%💚	5%	5%
Leverage	1:50	1:100💚	Up to 1:50	Up to 1:100
Profit split	75% up to 85%💚	75% up to 85%💚	Up to 80%	Up to 80%

Now that we have gone through their rules and guidelines for their direct funding programs we are going to go through pricing for different account sizes.

Account size	My Forex Funds Conventional	My Forex Funds Emphatic	FTUK low risk	FTUK aggressive risk
$2,000	$99	$198	❌	❌
$5,000	$245	$490	❌	❌
$10,000	$485	$970	❌	❌
$14,000	❌	❌	£150	£150
$20,000	$970	$1,940	❌	❌
$40,000	❌	❌	£410	£410
$50,000	$2,450	$4,900	❌	❌
$60,000	❌	❌	£550	£550
$90,000	❌	❌	£950	£950

3. Broker and trading platform

Now that we have gone through all of the funding programs that they are offering. Let’s compare which brokers and trading platforms you can use with each prop trading firm.

	My Forex Funds	FTUK
Broker	Traders Global Group	Eightcap
Trading platform	MetaTrader 4, MetaTrader 5	MetaTrader 4, MetaTrader 5, TradingView

4. Trading instruments

Another important factor are trading instruments. Let’s see which trading instruments you can trade with My Forex Funds and which with FTUK.

Trading instrument	My Forex Funds	FTUK
Forex pairs	✅	✅
Commodities	✅	✅
Indices	✅	✅
Equities	one-phase and two-phase evaluation	❌
Crypto	one-phase and two-phase evaluation	❌

5. Traders’ comments

The last thing we will go through is the feedback from My Forex Funds and FTUK prop firms. The reviews we will be looking at are from Trustpilot.

Trustpilot statistics	My Forex Funds	FTUK
Rating	4.9/5💚	4.7/5
Number of reviews	6,093💚	87

My Forex Funds has a rating of 4.9/5 while FTUK has 4.7/5. The number of reviews, on the other hand, differs immensely. My Forex Funds has 6,093 reviews, while FTUK has only 87. One of the reasons behind such a huge difference is that My Forex Funds was incorporated more than a whole year before FTUK.

6. Conclusion

In conclusion, My Forex Funds and FTUK are two excellent proprietary trading firms. The main difference between them would be the incorporation date since My Forex Funds is well over a year ahead of FTUK. The difference can be easily seen in the reviews on Trustpilot. Besides that, the other significant difference would be the funding options. My Forex Funds offers three: one-phase, two-phase evaluation, and direct funding, while FTUK offers a one-phase evaluation and direct funding program.

Check our discount codes about the presented proprietary trading firms to end the comparison:

My Forex Funds 5% active discount code: forexpropreviews5

FTUK 5% active discount code: forexpropreviews

This comparison was lastly updated on 04.11.2022 at 14:45 (CE(S)T).