For traders weighing their options between Forex Prop Firm and True Forex Funds, understanding the nuances in their standard offerings is critical. This detailed comparison sheds light on the key aspects of each firm’s trading objectives and conditions.
Detailed Comparison of Trading Objectives
Here’s a side-by-side comparison of the primary trading objectives for Forex Prop Firm and True Forex Funds (Standard):
- Phase 1 Profit Target: Both firms require an 8% target.
- Phase 2 Profit Target: A consistent 5% target is set by both.
- Maximum Daily Loss: Forex Prop Firm has none initially (5% once funded), while True Forex Funds sets it at 5%.
- Total Maximum Loss: Forex Prop Firm allows 12% (10% once funded), in contrast to True Forex Funds’ 10%.
- Minimum Trading Days: Both firms require 5 calendar days.
- Maximum Trading Period: Forex Prop Firm allows 35 days for Phase 1 and 60 for Phase 2, while True Forex Funds sets 30 days for Phase 1 and 60 for Phase 2.
- Profit Split: Forex Prop Firm offers 90% up to 100%, whereas True Forex Funds offers 80%.
This comparative analysis highlights the similarities and differences in aspects such as profit targets, loss limits, trading periods, and profit splits. Such insights are crucial for traders to make informed decisions about which proprietary trading firm aligns best with their specific trading strategies and goals.
