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!