True Forex Funds is the fastest-evolving proprietary trading firm with an extensive vision. They provide ground-breaking technology and modern solutions for traders who are keen to advance in their careers. Their funding program grants traders up to $400,000 upon successfully passing our 2-Phase Evaluation Process. The company can also directly cover traders’ potential losses.

Whereas, The Prop Trading has strived to bring professional trading services to the global financial markets. Leveraging the best of the team’s years of experience in Trading along with the power of Proprietary Firm Funding, The Prop Trading empowers thousands of people to harness the value behind their trading skills, shaping a new, better trading network.

In the latest YouTube video review, these two prop firms were compared, let’s see what are the similarities and the differences:

Company details

True Forex Funds

• Incorporation date: October 2021
• CEO: Richard Nagy
• Office Location: Gyor, Hungary
• Maximum allocation limit: $400,000

The Prop Trading

• Incorporation date: February 2020
• CEO: Will Gomes
• Office Location: Brisbane, Australia
• Maximum allocation limit: $500,000

After that mark, both prop firms allow traders to continue scaling their accounts with no maximum upside limit, so there can get their hand on plenty of capital.

Funding program

They provide an industry-standard Two Step Evaluation program with relatively similar objectives:

Trading Objectives

True Forex Funds

1. Phase 1 profit target 8%
2. Phase 2 profit target 4%
3. Maximum daily loss of 5%
4. Maximum loss 10%
5. Minimum Trading days: No minimum trading days
6. Maximum trading days: 30 calendar days (phase 1), 60 calendar days (phase 2)
7. Profit split: 80%

The Prop Trading

1. Phase 1 profit target 8%
2. Phase 2 profit target 5%
3. Maximum daily loss of 5%
4. Maximum loss of 10%
5. Minimum Trading days: No minimum trading days
6. Maximum trading days: 30 calendar days (phase 1), 60 calendar days (phase 2)
7. Profit split: 80%

Differences

However, their trading platforms are different:

True Forex Funds

BROKER

Tier 1 Liquidity Provider with direct market access

TRADING PLATFORM

MetaTrader 4, MetaTrader 5

The Prop Trading

BROKER

The Brokers Capital

TRADING PLATFORM

MetaTrader 5

TrustPilot Statistics

True Forex Funds

Rating: 4.6/5

Number of reviews: 281

The Prop Trading

Rating: 4.5/5

Number of reviews:792

The Prop Trading has been in the market for longer, so that explains the larger number of reviews.

Conclusion

Both the True Forex Funds as well as The Prop Trading firms are fantastic, successful firms worldwide, offering excellent trading opportunities. Trading instruments, commissions, etc were also compared in the video. Watch the full video: