FTMO vs FX2 Funding: A Comprehensive Prop Trading Firm Comparison
Choosing the right proprietary trading firm is crucial for traders looking to maximize their potential. This comparison between FTMO and FX2 Funding delves into their evaluation processes, trading rules, platforms, and more to help you make an informed decision.
FTMO
- Evaluation Fee Range
- €89.00 – €1,080.00; $89.00 – $1,080.00
- Profit Split
- 80%
- Max Total Funding
- $200,000.00
- Trading Platforms
- MetaTrader 4, MetaTrader 5, cTrader
FX2 Funding
- Evaluation Fee Range
- $95.00 – $925.00
- Profit Split
- 95%
- Max Total Funding
- $100,000.00
- Trading Platforms
- Match-Trader, Gooey Pro, DX Trade, JTrader, cTrader
Key Metrics Comparison
This table compares the facts currently shown for each firm side by side.
— means a supported value is currently not available on WhichPropFirm for that field. It does not mean zero.
| Metric | FTMO | FX2 Funding |
|---|---|---|
| Profit Split | 80% | 95% |
| Evaluation Fee Range | €89.00 – €1,080.00; $89.00 – $1,080.00 | $95.00 – $925.00 |
| Activation Fee | $0.00 | — |
| Data Platform Fee | — | — |
| Evaluation Steps | 2 | 1 – 2 |
| Profit Target | 10% | 8% – 10% |
| Daily Drawdown | 5% | 4% |
| Max Drawdown | 10% | 6% – 10% |
| Min Trading Days | 4 | 0 |
| News Trading | No | Yes |
| Scalping | Yes | Yes |
| Expert Advisors (EAs) | Yes | Yes |
| Weekend Holding | No | Yes |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader | Match-Trader, Gooey Pro, DX Trade, JTrader, cTrader |
| Payout Methods | Bank Transfer, Crypto | Cryptocurrency (USDT TRC20), Rise platform, Bank transfer |
| Headquarters | Czech Republic | Saint Lucia |
Evaluation Process
FTMO's evaluation consists of a two-step process: the Challenge and the Verification. The Challenge requires traders to hit a profit target of 10% without exceeding a 10% drawdown, while the Verification phase is similar but with a reduced profit target of 5%. This process is designed to rigorously assess a trader's skills and consistency in a controlled setting. In contrast, FX2 Funding offers a single-step evaluation process, which is less time-consuming and allows traders to prove their skills quickly. This simplicity can be appealing to traders looking to scale rapidly without going through multiple phases.
Trading Rules & Restrictions
FTMO imposes restrictions on news trading and weekend holding, which may be limiting for some traders who prefer to take advantage of market volatility during these times. However, they do allow scalping and the use of Expert Advisors, providing flexibility in trading strategies. On the other hand, FX2 Funding allows news trading and weekend holding, offering a broader range of trading opportunities. This freedom can be a significant advantage for traders who thrive on market events and longer-term strategies.
Profit Splits & Payouts
FTMO offers a profit split of up to 80%, with potential increases to 90% for consistent traders. Their payout methods are diverse, including bank transfers, cryptocurrencies, Skrill, and PayPal, providing flexibility to traders worldwide. FX2 Funding provides a slightly higher profit split at 85%, and their payout methods include cryptocurrencies and bank transfers. The higher profit split can be a significant draw for traders looking to maximize their earnings, although the payout method options are slightly less varied compared to FTMO.
Platforms & Tradable Markets
Both FTMO and FX2 Funding support popular trading platforms such as MetaTrader 4, MetaTrader 5, cTrader, and DXtrade. This ensures that traders have access to robust tools for executing trades and analyzing the markets. Additionally, both firms offer a mixed range of instruments, including forex, commodities, indices, and more, allowing traders to diversify their strategies. The choice of platforms and instruments makes both firms attractive to a wide range of trading styles.
Account Sizes & Scaling
FTMO offers account sizes ranging from $10,000 to $200,000, with a maximum scaling potential up to $2 million for successful traders. This scaling opportunity is one of FTMO's standout features, allowing traders to significantly increase their account size based on performance. FX2 Funding offers similar initial account sizes but caps the maximum funding at $1 million. While still substantial, this may not be as appealing to traders looking to manage larger accounts.
Strengths & Weaknesses
FTMO
Strengths
- FTMO offers a maximum funding potential of $2 million, which is significantly higher than many competitors.
- The evaluation process, although rigorous, helps ensure only skilled traders progress, maintaining a high-quality trading environment.
- A wide variety of payout options, including PayPal and Skrill, adds convenience for global traders.
- The allowance of Expert Advisors facilitates automated trading strategies.
Weaknesses
- Restrictions on news trading and weekend holding may limit certain trading strategies.
- The two-step evaluation process can be time-consuming compared to single-step alternatives.
- Evaluation fees can be relatively high, potentially deterring budget-conscious traders.
FX2 Funding
Strengths
- A higher profit split at 85% provides traders with a larger share of the profits.
- The single-step evaluation process allows for quicker access to funded accounts.
- Permitting news trading and weekend holding gives traders more flexibility.
- Lower evaluation fees make it accessible for traders with varying budgets.
Weaknesses
- Maximum funding is limited to $1 million, less than FTMO's offering.
- Payout methods are less varied, possibly limiting convenience for some traders.
- Being a newer firm, FX2 Funding may have less established reputation.
FAQs – FTMO vs FX2 Funding
Which firm is better overall, FTMO or FX2 Funding?
The better firm depends on your trading needs. FTMO offers higher maximum funding and a more rigorous evaluation, which may appeal to experienced traders looking for large accounts. FX2 Funding provides a higher profit split and allows news trading, which can be advantageous for active traders.
Which firm is better for beginners, FTMO or FX2 Funding?
FX2 Funding might be more beginner-friendly due to its simpler, single-step evaluation process and lower evaluation fees. Beginners can quickly access funded accounts, which may help them focus on developing their trading skills.
How often are payouts processed by FTMO and FX2 Funding?
FTMO typically processes payouts monthly, providing regular access to profits. FX2 Funding offers similar payout frequency, ensuring traders can receive their earnings without excessive delays.
What payout methods are available with FTMO and FX2 Funding?
FTMO provides various payout methods, including bank transfers, cryptocurrencies, Skrill, and PayPal. FX2 Funding also offers bank transfers and cryptocurrencies, though with less variety.
What customer support options do FTMO and FX2 Funding offer?
FTMO provides comprehensive support through 24/7 email, live chat, and phone support, ensuring traders can get help when needed. FX2 Funding offers support via email, WhatsApp, Telegram, and live chat.
Do FTMO and FX2 Funding offer educational resources for traders?
FTMO is known for providing educational content and tools to help traders improve their skills. FX2 Funding, while newer, also offers resources to assist traders in developing their strategies.
Can I trade news events with both FTMO and FX2 Funding?
You can trade news events with FX2 Funding, as they allow news trading. FTMO, on the other hand, restricts news trading, which might limit your strategy if you rely on market volatility from news events.
What trading platforms and instruments are available with FTMO and FX2 Funding?
Both firms offer popular trading platforms like MetaTrader 4, MetaTrader 5, cTrader, and DXtrade. They also provide a diverse range of instruments, including forex, commodities, and indices.
What's the maximum funding I can get with FTMO vs FX2 Funding?
FTMO offers a maximum funding of $2 million, which is double the $1 million maximum provided by FX2 Funding. This makes FTMO more suitable for traders aiming to manage larger accounts.
How do scaling opportunities compare between FTMO and FX2 Funding?
FTMO provides robust scaling opportunities up to $2 million, allowing traders to grow their accounts significantly based on performance. FX2 Funding also offers scaling, but with a lower cap at $1 million.
How difficult is the evaluation process for FTMO compared to FX2 Funding?
FTMO's evaluation is more challenging with its two-step process requiring consistent performance over time, while FX2 Funding's single-step process is quicker and simpler, which might be less stressful for some traders.
What are the evaluation costs for FTMO and FX2 Funding?
FTMO's evaluation fees range from $89 to $1,080, which are slightly higher than FX2 Funding's fees of $95 to $925. Both firms do not charge any activation fees post-evaluation.
What are the profit splits for FTMO and FX2 Funding?
FTMO offers a profit split starting at 80%, with potential increases to 90%. FX2 Funding offers a higher base profit split of 85%, making it more attractive for traders focused on maximizing their share of profits.
What are the rules for profit withdrawal with FTMO and FX2 Funding?
Both firms have straightforward profit withdrawal processes. FTMO allows withdrawals through multiple methods, including PayPal, while FX2 Funding offers bank transfers and cryptocurrency options.
Which is Better – FTMO or FX2 Funding?
Both FTMO and FX2 Funding have unique strengths. Choose FTMO if you're aiming for significant account growth and can handle a challenging evaluation. Opt for FX2 Funding if you value higher profit splits and fewer trading restrictions. Consider your trading style and goals when deciding between these firms.