FTMO and MyForexFunds are two of the most popular prop firms. Here's an in-depth comparison:
Challenge Structure:
FTMO: 2-step (Phase 1: 10% target, Phase 2: 5% target), 30/60 days, min 4 trading days per phase MyForexFunds: Multiple programs - Rapid (1-step, 10% target), Evaluation (2-step), more flexible trading days
Winner: MyForexFunds (more options)
Pricing:
FTMO: $10k: $155, $25k: $345, $50k: $540, $100k: $1,080 MyForexFunds: $10k: $99, $25k: $199, $50k: $339, $100k: $579
Winner: MyForexFunds (significantly cheaper)
Profit Split:
FTMO: 80% initially, increases to 90% after first withdrawal MyForexFunds: 75-85% depending on program
Winner: FTMO (better initial split)
Trading Rules:
Both allow news trading, EAs, copy trading, weekend holding. FTMO has fewer restrictions overall.
Winner: FTMO
Payout Reliability:
FTMO: Established since 2015, 100,000+ traders funded, consistent reputation MyForexFunds: Founded 2020, growing rapidly, generally positive reviews
Winner: FTMO (longer track record)
Overall Verdict:
Choose FTMO if: Want established reputation, prefer better profit splits (80-90%), need more platform options, value strong support, don't mind higher fees.
Choose MyForexFunds if: Want lower costs, prefer 1-step options, like flexible trading days, okay with 75-85% profit splits.
For experienced traders with capital: FTMO For beginners or budget-conscious traders: MyForexFunds
Get cashback on both through PropFirmScan!
Michael Chen
PropFirmScan contributor covering prop trading strategies, firm analysis, and funded trader education. Browse more articles on our blog or explore our in-depth guides.
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