FundYourFX vs FTMO: In-Depth Proprietary Trading Firm Comparison
Choosing the right proprietary trading firm is crucial for a trader's success. This comprehensive comparison between FundYourFX and FTMO helps you understand their offerings, from funding and fees to trading rules and profit splits, so you can make an informed decision.
FundYourFX
- Evaluation Fee Range
- $29.00 – $497.00
- Profit Split
- 85%
- Max Total Funding
- $3,000,000.00
- Trading Platforms
- Match-Trader, MetaTrader 5
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
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 | FundYourFX | FTMO |
|---|---|---|
| Profit Split | 85% | 80% |
| Evaluation Fee Range | $29.00 – $497.00 | €89.00 – €1,080.00; $89.00 – $1,080.00 |
| Activation Fee | — | $0.00 |
| Data Platform Fee | — | — |
| Evaluation Steps | 0 – 2 | 2 |
| Profit Target | 8% – 10% | 10% |
| Daily Drawdown | — | 5% |
| Max Drawdown | 6% – 10% | 10% |
| Min Trading Days | 0 – 3 | 4 |
| News Trading | Yes | No |
| Scalping | Yes | Yes |
| Expert Advisors (EAs) | No | Yes |
| Weekend Holding | Yes | No |
| Trading Platforms | Match-Trader, MetaTrader 5 | MetaTrader 4, MetaTrader 5, cTrader |
| Payout Methods | Bank transfer, Cryptocurrency (USDT, USDC, BTC, ETH) | Bank Transfer, Crypto |
| Headquarters | Hong Kong | Czech Republic |
Evaluation Process
FundYourFX offers a flexible evaluation process with two stages, allowing traders to choose between instant funding and a 1-Phase or 2-Phase evaluation. The firm does not require a minimum number of trading days, which can be advantageous for traders who achieve their targets quickly. In contrast, FTMO's evaluation process consists of a two-step system: Challenge and Verification. Each step has a defined profit target, with a minimum trading day requirement of four days. FTMO's process is structured to thoroughly assess a trader's skills, making it slightly more challenging for those who prefer faster evaluations.
Trading Rules & Restrictions
FundYourFX provides traders with more relaxed trading rules, allowing news trading, scalping, and weekend holding. However, the use of Expert Advisors is not permitted. This flexibility is advantageous for traders who thrive in volatile market conditions or prefer to hold positions over the weekend. On the other hand, FTMO imposes stricter trading rules, prohibiting news trading and weekend holding, but permits the use of Expert Advisors. This makes FTMO suitable for traders who prefer a more controlled trading environment and rely on automated strategies.
Profit Splits & Payouts
FundYourFX offers an attractive profit split of up to 85%, with the added benefit of scaling accounts to allow up to 95%. Payouts are processed monthly, and traders can choose from bank transfers or cryptocurrency options like USDT, USDC, BTC, and ETH. In comparison, FTMO provides an 80% profit split, which can be increased to 90% for consistent performers. FTMO also offers monthly payouts with a wider range of payment methods, including Skrill and PayPal, making it convenient for traders who prefer various cash-out options.
Platforms & Tradable Markets
FundYourFX supports Match-Trader and MetaTrader 5, offering traders flexibility in choosing their preferred platform. The firm provides access to a diverse range of instruments, including forex, commodities, and indices. FTMO, meanwhile, offers a broader selection of platforms: MetaTrader 4, MetaTrader 5, cTrader, and DXtrade, catering to traders who appreciate platform diversity. Both firms provide a mixed selection of instruments, ensuring traders have ample opportunities to diversify their portfolios.
Account Sizes & Scaling
FundYourFX stands out with a maximum funding of $3,000,000, allowing traders to scale their accounts significantly. This feature is especially appealing for traders aiming to manage larger capital and maximize their profit potential. FTMO offers a maximum funding of $2,000,000, with the possibility of scaling based on performance. While FTMO's maximum funding is less than FundYourFX's, it still presents ample opportunities for traders looking to grow their trading accounts gradually.
Strengths & Weaknesses
FundYourFX
Strengths
- Higher maximum funding of $3,000,000.
- Flexible trading rules, including news trading and weekend holding.
- Competitive profit split up to 85%, with potential scaling to 95%.
- No minimum trading days required, allowing quicker evaluations.
Weaknesses
- Expert Advisors are not allowed.
- No refund policy for evaluation fees.
- Limited platform offerings compared to competitors.
FTMO
Strengths
- Wide selection of trading platforms, including cTrader and DXtrade.
- Refund policy available upon passing the evaluation.
- Allows the use of Expert Advisors.
- Structured evaluation process ensures thorough skill assessment.
Weaknesses
- Lower maximum funding compared to FundYourFX.
- Stricter trading rules, prohibiting news trading and weekend holding.
- Higher evaluation fees, especially for larger accounts.
FAQs – FundYourFX vs FTMO
Which proprietary trading firm is better overall, FundYourFX or FTMO?
The choice between FundYourFX and FTMO depends on specific trader preferences. FundYourFX is ideal for traders seeking higher maximum funding, flexible trading rules, and quick evaluations. FTMO suits those who value a structured evaluation process, diverse platform options, and the use of Expert Advisors. Consider your trading style and needs to determine the best fit.
Is FundYourFX or FTMO better suited for beginners?
For beginners, FundYourFX might be more appealing due to its flexible trading rules, such as allowing news trading and no minimum trading day requirement. FTMO, however, provides a more structured evaluation process, which can be beneficial for those who thrive under clear guidelines. Beginners should assess their comfort with each firm's rules and processes.
How often are payouts processed by FundYourFX and FTMO?
Both FundYourFX and FTMO process payouts on a monthly basis. This frequency allows traders to plan their cash flow effectively. It's important for traders to align their trading strategies with this payout schedule to optimize earnings.
What payout methods are available with FundYourFX and FTMO?
FundYourFX offers payouts via bank transfer and cryptocurrencies (USDT, USDC, BTC, ETH). FTMO provides a broader selection, including bank transfer, cryptocurrency, Skrill, and PayPal. Traders should choose a firm based on their preferred payout method and convenience.
How does customer support compare between FundYourFX and FTMO?
Both FundYourFX and FTMO are known for responsive customer support, but specifics about availability and channels vary. Traders should consider the ease of reaching support and the quality of assistance when evaluating these firms.
What educational resources are offered by FundYourFX and FTMO?
FTMO is known for providing comprehensive educational resources, including trading tips and risk management guides. Information on FundYourFX's educational offerings is less detailed, so traders should inquire directly if training is a priority.
Can I trade news events with both FundYourFX and FTMO?
FundYourFX allows news trading, offering more flexibility for traders who prefer to capitalize on market volatility. FTMO, however, prohibits news trading, aligning with its stricter trading rules. Traders must consider their trading strategies and preferences when choosing between the two firms.
What platforms and instruments are available with FundYourFX and FTMO?
FundYourFX offers Match-Trader and MetaTrader 5, focusing on forex, commodities, and indices. FTMO provides a broader range of platforms, including MetaTrader 4, MetaTrader 5, cTrader, and DXtrade, with a similar selection of instruments. Traders should evaluate platform compatibility with their trading style.
What's the maximum funding I can get with FundYourFX vs FTMO?
FundYourFX offers a maximum funding of $3,000,000, which is higher than FTMO's $2,000,000. This makes FundYourFX more suitable for traders aiming to manage larger capital. Both firms allow account scaling based on performance, enabling traders to access more funds over time.
How do scaling opportunities compare between FundYourFX and FTMO?
Both FundYourFX and FTMO offer scaling opportunities for traders who demonstrate consistent performance. FundYourFX allows account scaling up to $3,000,000, with profit splits potentially increasing to 95%. FTMO also provides scaling, with a focus on gradually increasing account sizes and profit splits based on trading success.
How difficult are the evaluation processes for FundYourFX vs FTMO?
FundYourFX offers a flexible evaluation with no minimum trading days, allowing traders to meet targets quickly. FTMO's evaluation is more structured, with a two-step process and a minimum of four trading days, making it slightly more challenging. Traders should consider their ability to adapt to these requirements when choosing a firm.
What are the evaluation costs for FundYourFX and FTMO?
FundYourFX's evaluation fees range from $53 to $497, while FTMO's fees are higher, ranging from $89 to $1,080. FTMO offers a refund upon passing the evaluation, providing some financial relief. Traders should weigh these costs against their budget and the potential for refunds when making a decision.
How do profit splits compare between FundYourFX and FTMO?
FundYourFX offers an attractive profit split of up to 85%, with potential scaling to 95%. FTMO provides an 80% profit split, which can increase to 90% for consistent performers. Both firms offer competitive profit-sharing models, with differences primarily in scaling potential.
What are the rules for profit withdrawal with FundYourFX and FTMO?
Both FundYourFX and FTMO process profit withdrawals monthly. FundYourFX offers payment via bank transfer and cryptocurrencies, while FTMO additionally supports Skrill and PayPal. Traders should consider payout methods and any associated fees when planning withdrawals.
Which is Better – FundYourFX or FTMO?
Ultimately, the choice between FundYourFX and FTMO should be based on individual trading preferences, goals, and strategies. FundYourFX offers flexibility and higher funding potential, while FTMO provides structure and platform diversity. Traders should weigh the pros and cons of each firm to determine which aligns best with their trading style.