In this article, we will be making a general and two-step comparison between My Forex Funds and Blue Guardian.
My Forex Funds & Blue Guardian Two-step Comparison
In this article, we will be making a general and two-step comparison between My Forex Funds and Blue Guardian. We will compare the two mentioned proprietary trading firms in general and what they are offering to forex traders worldwide.
Company Details
| Company Details | My Forex Funds | Blue Guardian |
|---|---|---|
| Incorporation Date | July 2020 | September 2021 |
| CEO | Murtuza Kazmi | Sean Bainton |
| Office Location | Toronto, Canada | West Midlands, UK |
| Maximum Allocation Capital | 2x $300,000 | $400,000 |
My Forex Funds and Blue Guardian are both reliable and trustworthy proprietary trading firms. My Forex Funds was incorporated in July 2020, while Blue Guardian started operating in September 2021. When it comes to CEOs, Murtuza Kazmi is the CEO of My Forex Funds, while Blue Guardian is being run by Sean Bainton. My Forex Funds has offices located in Toronto, Canada, while Blue Guardian has its headquarters in West Midlands, UK. And lastly, when it comes to the maximum allocation capital, traders can manage 2x $300k two-step evaluation accounts with My Forex Funds, while with Blue Guardian, traders can obtain funding up to $400k. Note that both proprietary trading firms also have a scaling plan.
Funding Program Options
| Funding Program Options | My Forex Funds | Blue Guardian |
|---|---|---|
| One-step Evaluation | ✅ | ✅ |
| Two-step Evaluation | ✅ | ✅ |
| Instant Funding | ✅ | ❌ |
My Forex Funds and Blue Guardian both offer multiple funding programs to forex traders worldwide. My Forex Funds offers a unique one-step evaluation, a two-step evaluation, and an instant funding program. Blue Guardian, on the other hand, offers two two-step evaluations and a one-step evaluation.
That being said, let’s take a look at the comparison of the two-step evaluation programs.
Two-step Comparison:
| Trading Rules/Objectives | My Forex Funds | Blue Guardian (Elite) | Blue Guardian (Unlimited) |
|---|---|---|---|
| Phase 1 Profit Target | 8% | 8% | 8% |
| Phase 2 Profit Target | 5% | 4% | 4% |
| Daily Drawdown | 5% | 4% | 4% |
| Overall Drawdown | 12% | 10% | 8% |
| Leverage | 1:100 | 1:50 | 1:100 |
| Minimum Trading Days | 5 calendar days | 5 calendar days | No minimum trading days |
| Trading Period | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited |
| Profit Split | 75% up to 90% | 85% | 85% |
Now that we have covered all the rules and guidelines of the two-step evaluation. Let’s take a closer look at prices.
| Account Size | My Forex Funds | Blue Guardian (Elite) | Blue Guardian (Unlimited) |
|---|---|---|---|
| $5,000 | $49 | ❌ | ❌ |
| $10,000 | $84 | $120 | $87 |
| $20,000 | $139 | ❌ | ❌ |
| $25,000 | ❌ | $240 | $187 |
| $50,000 | $299 | $370 | $297 |
| $100,000 | $499 | $570 | $497 |
| $200,000 | $979 | $1,090 | $947 |
| $300,000 | $1,389 | ❌ | ❌ |
Brokers & Trading Platforms
After covering all the trading objectives, rules, and pricing, let’s take a closer look at brokers and trading platforms that we can use with each proprietary trading firm.
| My Forex Funds | Blue Guardian | |
|---|---|---|
| Broker | Traders Global Group | Eightcap, Purple Trading Seychelles |
| Trading Platform | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
Trading Instruments
Another important factor when comparing proprietary trading firms is trading instruments. Below you can see which trading instruments we can trade with My Forex Funds and Blue Guardian.
| Trading Instrument | My Forex Funds | Blue Guardian |
|---|---|---|
| Forex Pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Crypto | ✅ | ✅ |
Community Feedback
The last topic we will go through is community feedback from My Forex Funds and Blue Guardian. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.
| Trustpilot Statistics | My Forex Funds | Blue Guardian |
|---|---|---|
| Rating | 4.8/5 | 4.8/5 |
| Number of Reviews | 16,913 | 544 |
My Forex Funds has a rating of 4.8/5 out of a total of 16,913 reviews, while Blue Guardian has a rating of 4.8/5 out of 544 reviews. Based on the statistics, we can clearly see that My Forex Funds is the more popular proprietary trading firm at the moment.
Conclusion
In conclusion, My Forex Funds and Blue Guardian are two excellent proprietary trading firm choices for any trader. We can see some clear differences regarding the trading rules and objectives, prices, and community feedback. In addition, we can also see that there is a difference regarding funding program options since My Forex Funds offers the following three: one-step evaluation, two-step evaluation, and instant funding. On the other hand, Blue Guardian offers two two-step evaluations and a one-step evaluation.
We will be ending the comparison with our special discount codes for each of the two compared proprietary trading firms. You can find both discount codes below!
My Forex Funds 5% active discount code: forexpropreviews5
Blue Guardian 10% active discount code: forexpropreviews
This comparison was lastly updated on 11.08.2023 at 13:02 (CE(S)T).
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