In this article, we will be making a general and two-step comparison between True Forex Funds and FTMO.
True Forex Funds & FTMO Two-step Comparison
In this article, we will be making a general and two-step comparison between True Forex Funds and FTMO. We will compare the two mentioned proprietary trading firms in general and what they are offering to forex traders worldwide.
Company Details
| Company Details | True Forex Funds | FTMO |
|---|---|---|
| Incorporation Date | October 2021 | September 2015 |
| CEO | Richard Nagy | Otakar Suffner |
| Office Location | Győr, Hungary | Prague, Czech Republic |
| Maximum Allocation Capital | $400,000 | $400,000 |
True Forex Funds and FTMO are both reliable and trustworthy proprietary trading firms. True Forex Funds was incorporated in October 2021, while FTMO started operating in September 2015. When it comes to CEOs, Richard Nagy is the CEO of True Forex Funds, while FTMO is being run by Otakar Suffner. True Forex Funds has offices located in Győr, Hungary, while FTMO has its headquarters in Prague, Czech Republic. And lastly, when it comes to the maximum allocation capital, traders can manage $400k two-step evaluation accounts with True Forex Funds, while with FTMO, traders can also obtain funding up to $400k. Note that both proprietary trading firms also have a scaling plan.
Funding Program Options
| Funding Program Options | True Forex Funds | FTMO |
|---|---|---|
| One-step Evaluation | ✅ | ❌ |
| Two-step Evaluation | ✅ | ✅ |
True Forex Funds and FTMO both offer multiple funding programs to forex traders worldwide. True Forex Funds offers three two-step evaluations and a one-step evaluation. FTMO, on the other hand, also offers a two-step evaluation.
Let’s look at the comparison between the two-phase evaluation since both proprietary trading firms are offering it.
Two-step Comparison:
| Trading Rules/Objectives | True Forex Funds (Standard) | True Forex Funds (Quick Funding) | True Forex Funds (Limitless) | FTMO |
|---|---|---|---|---|
| Phase 1 Profit Target | 8% | 8% | 8% | 10% |
| Phase 2 Profit Target | 5% | 5% | 5% | 5% |
| Daily Drawdown | 5% | 5% | 5% | 5% |
| Overall Drawdown | 10% | 10% | 10% | 10% |
| Leverage | 1:100 | 1:100 | 1:100 | 1:30 up to 1:100 |
| Minimum Trading Days | 5 calendar days | No minimum trading days | 5 calendar days | 4 calendar days |
| Trading Period | Step 1: 30 calendar days Step 2: 60 calendar days | Step 1: 30 calendar days Step 2: 60 calendar days | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited |
| Profit Split | 80% | 80% | 80% | 80% up to 90% |
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 | True Forex Funds (Standard) | True Forex Funds (Quick Funding & Limitless) | FTMO |
|---|---|---|---|
| $10,000 | €89 | €98 | €155 |
| $25,000 | €189 | €208 | €250 |
| $50,000 | €299 | €329 | €345 |
| $100,000 | €499 | €549 | €540 |
| $200,000 | €998 | €1,098 | €1,080 |
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.
| True Forex Funds | FTMO | |
|---|---|---|
| Broker | Tier-1 Liquidity Provider with Best Simulated Real Market Trading Conditions | Tier-1 Liquidity Provider with Best Simulated Real Market Trading Conditions |
| Trading Platform | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5, cTrader, DXtrade |
Trading instruments
Another important factor when comparing proprietary trading firms is trading instruments. Below you can see which trading instruments we can trade with True Forex Funds and FTMO.
| Trading Instrument | True Forex Funds | FTMO |
|---|---|---|
| Forex Pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Stocks | ✅ | ✅ |
| Bonds | ❌ | ✅ |
| Crypto | ✅ | ✅ |
Community Feedback
The last thing we will go through is the feedback from True Forex Funds and FTMO prop firms. The reviews we will be looking at are from Trustpilot.
| Trustpilot Statistics | True Forex Funds | FTMO |
|---|---|---|
| Rating | 4.7/5 | 4.8/5 |
| Number of Reviews | 2,257 | 5,999 |
True Forex Funds has a rating of 4.7/5 out of a total of 2,257 reviews, while FTMO has a rating of 4.8/5 out of 5,999 reviews. Based on the statistics, we can clearly see that FTMO is the more popular proprietary trading firm at the moment.
Conclusion
In conclusion, True Forex Funds and FTMO 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 True Forex Funds offers three two-step evaluations and a one-step evaluation. On the other hand, FTMO also offers a two-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!
This comparison was lastly updated on 10.11.2023 at 09:59 (CE(S)T).
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