Comparison between My Forex Funds & FTUK

In this article, we will compare My Forex Funds and FTUK in general and what they offer to forex traders worldwide.

Home » 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 FundsFTUK
Incorporation dateJuly 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 optionsMy Forex FundsFTUK
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/GuidelineMy Forex FundsFTUK low riskFTUK aggressive risk
Profit targetNo profit target💚10%25%
Daily drawdown5%5%5%
Overall drawdown12%5%💚5%💚
Leverage1:500💚Up to 1:50Up to 1:100
Minimum trading days3 times per weekNo limit💚No limit💚
Phase 1 trading periodNo limit💚90 calendar days90 calendar days
Profit split12%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 sizeMy Forex FundsFTUK low riskFTUK 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/GuidelineMy Forex Funds ConventionalMy Forex Funds EmphaticFTUK low riskFTUK aggressive risk
Profit targetNo profit target💚No profit target💚10%25%
Overall drawdown5%10%💚5%5%
Leverage1:501:100💚Up to 1:50Up to 1:100
Profit split75% 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 sizeMy Forex Funds ConventionalMy Forex Funds EmphaticFTUK low riskFTUK 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 FundsFTUK
BrokerTraders Global GroupEightcap
Trading platformMetaTrader 4, MetaTrader 5MetaTrader 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 instrumentMy Forex FundsFTUK
Forex pairs
Commodities
Indices
Equitiesone-phase and two-phase evaluation
Cryptoone-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 statisticsMy Forex FundsFTUK
Rating4.9/5💚4.7/5
Number of reviews6,093💚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).

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