Analyzing how MyFlashFunding compares with FundedNext’s Evaluation Program provides valuable insights into their respective trading objectives. This detailed comparison helps traders understand the distinct features and requirements of each firm.
Trading Objectives: MyFlashFunding vs. FundedNext (Evaluation)
Let’s delve into the specifics of their trading objectives:
- Phase 1 Profit Target: MyFlashFunding sets a 6% target, in contrast to FundedNext’s higher 10%.
- Phase 2 Profit Target: Both firms have a 5% target in Phase 2.
- Maximum Daily Loss: MyFlashFunding limits daily losses to 4%, while FundedNext allows up to 5%.
- Maximum Loss: A limit of 8% is set by MyFlashFunding, compared to FundedNext’s 10%.
- Minimum Trading Days: MyFlashFunding imposes no minimum trading days, whereas FundedNext requires 5 calendar days.
- Maximum Trading Period: MyFlashFunding offers unlimited trading periods, while FundedNext sets a 30-day limit for Phase 1 and a 60-day limit for Phase 2.
- Profit Split: MyFlashFunding offers a consistent 80% split, while FundedNext’s ranges from 80% to 90%.
MyFlashFunding’s One-Step Evaluation Program
Unique features of MyFlashFunding include:
- One-Step Evaluation: A single-phase program with a 10% profit target, 4% maximum daily loss, and 6% maximum trailing loss.
- Unlimited Trading Period: No constraints on the trading period or minimum trading days.
- Scaling Plan: Included for growth potential.
- Trading Flexibility: Allows overnight and weekend holding, trading during high-impact news, and no lot size or style restrictions.
Conclusion
This comparison underlines how MyFlashFunding differentiates itself from other leading prop firms with its unique funding programs, relaxed trading rules, and unlimited trading period. These features, along with the flexibility in trading styles, make MyFlashFunding a notable option in the competitive prop trading landscape, especially for traders looking at forex funded programs.
