In this article, we will be making a general and instant funding comparison between My Forex Funds and FTUK.
My Forex Funds & FTUK Instant Funding Comparison
In this article, we will be making a general and instant funding comparison between My Forex Funds and FTUK. 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 | FTUK |
|---|---|---|
| Incorporation date | July 2020 | December 2021 |
| CEO | Murtuza Kazmi | Haseem Gafer |
| Office Location | Toronto, Canada | London, UK |
| Maximum Allocation Capital | $6,060,000 | $17,280,000 |
My Forex Funds and FTUK are both reliable and trustworthy proprietary trading firms. My Forex Funds was incorporated in July 2020, while FTUK started operating in December 2021. When it comes to CEOs, Murtuza Kazmi is the CEO of My Forex Funds, while FTUK is being run by Haseem Gafer. My Forex Funds has offices located in Toronto, Canada, while FTUK has its headquarters in London, UK. And lastly, when it comes to the maximum allocation capital, traders can manage 3x 50k instant funding accounts with My Forex Funds, while with FTUK, traders can manage 3x $90k instant funding accounts. Note that both proprietary trading firms also have a scaling plan.
Funding Program Options
| Funding Program Options | My Forex Funds | FTUK |
|---|---|---|
| One-step Evaluation | ✅ | ✅ |
| Two-step Evaluation | ✅ | ❌ |
| Instant Funding | ✅ | ✅ |
My Forex Funds and FTUK both offer multiple funding programs to forex traders worldwide. My Forex Funds offers a unique one-step evaluation, two-step evaluation, and instant funding program. FTUK, on the other hand, offers a one-step evaluation and instant funding.
That being said, let’s take a look at the comparison of the instant funding programs.
Instant Funding Comparison:
| Trading Rules/Objectives | My Forex Funds (Conventional) | My Forex Funds (Emphatic) | FTUK |
|---|---|---|---|
| Profit Target | 10% | 20% | 10% |
| Daily Drawdown | ❌ | ❌ | ❌ |
| Overall Drawdown | 5% | 10% | 6% |
| Leverage | 1:50 | 1:100 | Up to 1:100 |
| Trading Period | No limit | No limit | No limit |
| Profit Split | 50% | 50% | 80% |
Now that we have covered all the rules and guidelines of the instant funding programs. Let’s take a closer look at prices.
| Account Size | My Forex Funds (Conventional) | My Forex Funds (Emphatic) | FTUK |
|---|---|---|---|
| $2,000 | $99 | $198 | ❌ |
| $5,000 | $245 | $490 | ❌ |
| $10,000 | $485 | $970 | ❌ |
| $14,000 | ❌ | ❌ | $200 |
| $20,000 | $970 | $1,940 | ❌ |
| $40,000 | ❌ | ❌ | $550 |
| $50,000 | $2,450 | $4,900 | ❌ |
| $60,000 | ❌ | ❌ | $750 |
| $90,000 | ❌ | ❌ | $1,200 |
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 | FTUK | |
|---|---|---|
| Broker | Traders Global Group | Eightcap |
| Trading Platform | MetaTrader 4, MetaTrader 5 | MetaTrader4, 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 FTUK.
| Trading Instrument | My Forex Funds | FTUK |
|---|---|---|
| Forex pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Cryptocurrencies | ✅ | ❌ |
Community Feedback
The last topic we will go through is community feedback from My Forex Funds and FTUK. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.
| Trustpilot Statistics | My Forex Funds | FTUK |
|---|---|---|
| Rating | 4.9/5 | 4.5/5 |
| Number of Reviews | 14,273 | 154 |
My Forex Funds has a rating of 4.9/5 out of a total of 14,273 reviews, while FTUK has a rating of 4.5/5 out of 154 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 FTUK 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: a unique one-step evaluation, a two-step evaluation, and instant funding. On the other hand, FTUK offers two: a one-step evaluation and instant funding.
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
FTUK 5% active discount code: forexpropreviews
This comparison was lastly updated on 13.06.2023 at 10:40 (CE(S)T).
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