In this article, we will be making a general and instant funding comparison between My Forex Funds and Funded Trading Plus.
My Forex Funds & Funded Trading Plus Instant Funding Comparison
In this article, we will be making a general and instant funding comparison between My Forex Funds and Funded Trading Plus. 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 | Funded Trading Plus |
|---|---|---|
| Incorporation date | July 2020 | November 2021 |
| CEO | Murtuza Kazmi | Simon Massey |
| Office Location | Toronto, Canada | London, UK |
| Maximum Allocation Capital | $6,060,000 | $2,500,000 |
My Forex Funds and Funded Trading Plus are both reliable and trustworthy proprietary trading firms. My Forex Funds was incorporated in July 2020, while Funded Trading Plus started operating in November 2021. When it comes to CEOs, Murtuza Kazmi is the CEO of My Forex Funds, while Funded Trading Plus is being run by Simon Massey. My Forex Funds has offices located in Toronto, Canada, while Funded Trading Plus 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 Funded Trading Plus, traders can manage 100k instant funding accounts. Note that both proprietary trading firms also have a scaling plan.
Funding Program Options
| Funding Program Options | My Forex Funds | Funded Trading Plus |
|---|---|---|
| One-step Evaluation | ✅ | ✅ |
| Two-step Evaluation | ✅ | ✅ |
| Instant Funding | ✅ | ✅ |
My Forex Funds and Funded Trading Plus 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. Funded Trading Plus, on the other hand, also offers a one-step evaluation, two two-step evaluations, and instant funding.
That being said, let’s take a look at the comparison of the instant funding programs.
Instant Funding Comparison:
| Trading Objectives | My Forex Funds (Conventional) | My Forex Funds (Emphatic) | Funded Trading Plus |
|---|---|---|---|
| Profit Target | 10% | 20% | 5% |
| Daily Drawdown | ❌ | ❌ | ❌ |
| Overall Drawdown | 5% | 10% | 5% (Trailing) |
| Leverage | 1:50 | 1:100 | Up to 1:30 |
| Trading Period | No limit | No limit | No limit |
| Profit Split | 50% | 50% | 70% up to 90% |
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) | Funded Trading Plus |
|---|---|---|---|
| $2,000 | $99 | $198 | ❌ |
| $5,000 | $245 | $490 | $225 |
| $10,000 | $485 | $970 | $450 |
| $20,000 | $970 | $1,940 | ❌ |
| $25,000 | ❌ | ❌ | $1.125 |
| $50,000 | $2,450 | $4,900 | $2,250 |
| $100,000 | ❌ | ❌ | $4,500 |
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 | Funded Trading Plus | |
|---|---|---|
| Broker | Traders Global Group | Eightcap |
| 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 Funded Trading Plus.
| Trading Instrument | My Forex Funds | Funded Trading Plus |
|---|---|---|
| Forex pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Cryptocurrencies | ✅ | ✅ |
Community Feedback
The last topic we will go through is community feedback from My Forex Funds and Funded Trading Plus. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.
| Trustpilot Statistics | My Forex Funds | Funded Trading Plus |
|---|---|---|
| Rating | 4.9/5 | 4.9/5 |
| Number of Reviews | 14,273 | 1,484 |
My Forex Funds has a rating of 4.9/5 out of a total of 14,273 reviews, while Funded Trading Plus has a rating of 4.9/5 out of 1,484 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 Funded Trading Plus 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, Funded Trading Plus offers four: a one-step evaluation, two two-step evaluations, 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
Funded Trading Plus 10% active discount code: FOREXPROPREVIEWS
This comparison was lastly updated on 13.06.2023 at 10:55 (CE(S)T).
NEWSLETTER
Always stay up to date with our latest news
