Comparison between The Funded Trader Program & FTMO

In this article, we will go through what The Funded Trader Program and FTMO have to offer. We will compare the firms in general and what they offer to forex traders.

1. Company incorporation

	The Funded Trader Program	FTMO
Incorporation date	May 2021	September 2015💚

The Funded Trader Program and FTMO are legitimate proprietary trading firms. The Funded Trader Program was incorporated in May 2021. FTMO, on the other hand, was incorporated in September 2015. Both proprietary trading firms have made an excellent reputation for themselves and are attracting attention from forex traders worldwide.

2. Funding program options

Funding program options	The Funded Trader Program	FTMO
Two-phase evaluation	✅	✅

The Funded Trader Program and FTMO have the following funding program options that their community can choose from. The Funded Trader Program has a standard two-phase,rapid two-phase evaluation, and royal two-phase evaluation, while FTMO also has a two-phase evaluation funding program.

Let’s look at the comparison between the two-phase evaluation since both proprietary trading firms are offering it.

Two-phase funding program comparison:

Rule/Guideline	The Funded Trader Program Standard	The Funded Trader Program Rapid	The Funded Trader Program Royal	FTMO normal risk	FTMO aggressive risk
Phase 1 profit target	10%	8%💚	8%💚	10%	20%
Phase 2 profit target	5%💚	5%💚	5%💚	5%💚	10%
Daily drawdown	6%	5%	5%	5%	10%💚
Overall drawdown	12%	8%	10%	10%	20%💚
Leverage	1:60 or 1:200	1:30 or 1:100	1:200💚	1:30 up to 1:100	1:30 up to 1:100
Minimum trading days	3 calendar days	No minimum trading days💚	5 calendar days	10 calendar day	10 calendar days
Phase 1 trading period	35 calendar days💚	35 calendar days💚	35 calendar days💚	30 calendar days	30 calendar days
Phase 2 trading period	60 calendar days	60 calendar days	60 calendar days	60 calendar days	60 calendar days
Profit split	80% up to 90%	80% up to 90%	80% up to 90%	80% up to 90%	80% up to 90%

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

Account size	The Funded Trader Program Standard	The Funded Trader Program Rapid	The Funded Trader Program Royal	FTMO normal risk	FTMO aggressive risk
$10,000	❌	❌	❌	€155	€250
$25,000	❌	❌	❌	€250	€345
$50,000	$315	$299	$289💚	€345	€540
$100,000	$549	$499	$489💚	€540	€1,080
$200,000	$949	$899💚	$939	€1,080	❌
$300,000	❌	❌	$1,399	❌	❌
$400,000	$1,898	❌	❌	❌	❌

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.

	The Funded Trader Program	FTMO
Broker	Eightcap, Purple Trading Seychelles	Tier-1 Liquidity Provider with Direct Market Access
Trading platform	MetaTrader 4	MetaTrader 4, MetaTrader 5, cTrader💚

4. Trading instruments

Another important factor are trading instruments. Let’s see which trading instruments you can trade with The Funded Trader Program and which with FTMO.

Trading instrument	The Funded Trader Program	FTMO
Forex pairs	✅	✅
Commodities	✅	✅
Indices	✅	✅
Equities	❌	✅
Bonds	❌	✅
Crypto	✅	✅

5. Traders’ comments

The last thing we will go through is the feedback from The Funded Trader Program and FTMO prop firms. The reviews we will be looking at are from Trustpilot.

Trustpilot statistics	The Funded Trader Program	FTMO
Rating	4.9/5💚	4.9/5💚
Number of reviews	2,311	3,055💚

The Funded Trader Program has a rating of 4.9/5, while FTMO also has 4.9/5. However, the number of reviews differs immensely. The Funded Trader Program has 2,311 reviews, while FTMO has 3,055. One of the reasons behind such a significant difference is that FTMO has been operating since September 2015.

6. Conclusion

In conclusion, The Funded Trader Program and FTMO are two excellent proprietary trading firms. The main difference between them would be the incorporation date since FTMO is almost six years ahead of The Funded Trader Program. The difference can be easily seen from the reviews on Trustpilot. Besides that, the other significant difference would be the funding options. The Funded Trader Program offers two: standard two-phase and rapid two-phase evaluations, while FTMO also has a two-phase evaluation.

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

The Funded Trader Program 10% discount code: forexpropreviews

This comparison was lastly updated on 06:10.2022 at 13:54 (CE(S)T).