True Forex Funds & The Funded Trader Two-step Comparison

In this article, we will be making a general and two-step comparison between True Forex Funds and The Funded Trader. 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	The Funded Trader
Incorporation Date	October 2021	May 2021
CEO	Richard Nagy	Angelo Ciaramello
Office Location	Győr, Hungary	Liberty Hill, Texas
Maximum Allocation Capital	$400,000	$600,000

True Forex Funds and The Funded Trader are both reliable and trustworthy proprietary trading firms. True Forex Funds was incorporated in October 2021, while The Funded Trader started operating in May 2021. When it comes to CEOs, Richard Nagy is the CEO of True Forex Funds, while The Funded Trader is being run by Angelo Ciaramello. True Forex Funds has offices located in Győr, Hungary, while The Funded Trader has its headquarters in Liberty Hill, Texas. And lastly, when it comes to the maximum allocation capital, traders can manage $400k two-step evaluation accounts with True Forex Funds, while with The Funded Trader, traders can obtain funding up to $600k. Note that both proprietary trading firms also have a scaling plan.

Funding Program Options

Funding Program Options	True Forex Funds	The Funded Trader
One-step Evaluation	✅	✅
Two-step Evaluation	✅	✅

True Forex Funds and The Funded Trader both offer multiple funding programs to forex traders worldwide. True Forex Funds offers three two-step evaluations and a one-step evaluation. The Funded Trader, on the other hand, offers a one-step evaluation and three two-step evaluations.

That being said, let’s take a look at the comparison of the two-step evaluation programs.

Two-step Comparison:

Trading Rules/Objectives	True Forex Funds (Standard)	True Forex Funds (Quick Funding)	True Forex Funds (Limitless)	The Funded Trader (Standard)	The Funded Trader (Rapid)	The Funded Trader (Royal)
Phase 1 Profit Target	8%	8%	8%	10%	8%	8%
Phase 2 Profit Target	5%	5%	5%	5%	5%	5%
Daily Drawdown	5%	5%	5%	5% (6% with addon)	5%	5%
Overall Drawdown	10%	10%	10%	10% (12% with addon)	8%	10%
Leverage	1:100	1:100	1:100	1:60 or 1:200	1:30 or 1:100	1:200
Minimum Trading Days	5 calendar days	No minimum trading days	5 calendar days	3 calendar days	No minimum trading days	5 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	Step 1: 35 calendar days Step 2: 60 calendar days	Step 1: Unlimited Step 2: Unlimited
Profit Split	80%	80%	80%	80% up to 90%	80% up to 90%	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 Siure	True Forex Funds (Standard)	True Forex Funds (Quick Funding & Limitless)	The Funded Trader (Standard)	The Funded Trader (Rapid)	The Funded Trader (Royal)
$5,000	❌	❌	$65	$79	❌
$10,000	€89	€98	$129	$129	❌
$25,000	€189	€208	$199	$229	❌
$50,000	€299	€329	$299	$299	$289
$100,000	€499	€549	$499	$499	$489
$200,000	€998	€1,098	$939	$899	$939
$300,000	❌	❌	$1,409	❌	$1,399
$400,000	❌	❌	$1,879	❌	$1,869

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	The Funded Trader
Broker	Tier-1 Liquidity Provider with Best Simulated Real Market Trading Conditions	Eightcap, Purple Trading Seychelles, Think Markets
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 True Forex Funds and The Funded Trader.

Trading Instrument	True Forex Funds	The Funded Trader
Forex Pairs	✅	✅
Commodities	✅	✅
Indices	✅	✅
Stocks	✅	❌
Crypto	✅	✅

Community Feedback

The last topic we will go through is community feedback from True Forex Funds and The Funded Trader. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.

Trustpilot Statistics	True Forex Funds	The Funded Trader
Rating	4.7/5	4.5/5
Number of Reviews	1,787	10,750

True Forex Funds has a rating of 4.7/5 out of a total of 1,787 reviews, while The Funded Trader has a rating of 4.5/5 out of 10,750 reviews. Based on the statistics, we can clearly see that The Funded Trader is the more popular proprietary trading firm at the moment.

Conclusion

In conclusion, True Forex Funds and The Funded Trader 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, The Funded Trader offers a one-step evaluation and three two-step evaluations.

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!

The Funded Trader 10% discount code: forexpropreviews

This comparison was lastly updated on 14.08.2023 at 12:45 (CE(S)T).