Comparing Forex Prop Firm with FTMO provides insightful distinctions and similarities in how each firm structures its trading objectives. This analysis is invaluable for traders deciding between these two prominent proprietary trading firms.
Trading Objectives Comparison
Here’s a side-by-side overview of the trading objectives for Forex Prop Firm and FTMO:
- Phase 1 Profit Target: Forex Prop Firm requires 8%, while FTMO sets a 10% target.
- Phase 2 Profit Target: Both firms aim for a 5% target.
- Maximum Daily Loss: Forex Prop Firm starts with none (5% once funded), compared to FTMO’s consistent 5%.
- Total Maximum Loss: Forex Prop Firm allows 12% (10% once funded), whereas FTMO caps it at 10%.
- Minimum Trading Days: Forex Prop Firm mandates 5 days, against FTMO’s 4 days.
- Maximum Trading Period: Forex Prop Firm sets 35 days for Phase 1 and 60 for Phase 2, while FTMO offers unlimited periods for both phases.
- Profit Split: Forex Prop Firm provides 90% to 100%, in contrast to FTMO’s 80% to 90%.
In addition to this, Forex Prop Firm’s no time limit two-step evaluation program is a unique offering. It consists of two phases, with a 10% profit target in phase one and 5% in phase two. The program includes a 5% maximum daily loss and a 10% maximum drawdown rule. Notably, it has no maximum trading day requirements, offering traders the flexibility to proceed at their own pace. However, a prerequisite of 5% profit must be achieved before eligibility for withdrawal. This feature particularly distinguishes Forex Prop Firm from other industry leaders like FTMO.
