In this analysis, we contrast the trading objectives of The5%ers with those of True Forex Funds (Quick Funding Program), highlighting the unique features and requirements of each prop firm to guide traders in their decision-making process.
Trading Objectives: The5%ers vs. True Forex Funds
Let’s dive into a detailed comparison of their respective trading objectives:
- Phase 1 Profit Target:
- Both The5%ers and True Forex Funds (Quick Funding): 8%
- Phase 2 Profit Target:
- Both The5%ers and True Forex Funds (Quick Funding): 5%
- Maximum Daily Loss:
- Both The5%ers and True Forex Funds (Quick Funding): 5%
- Maximum Loss:
- Both The5%ers and True Forex Funds (Quick Funding): 10%
- Minimum Trading Days:
- The5%ers: 3 Profitable Days
- True Forex Funds (Quick Funding): No Minimum Trading Days
- Maximum Trading Period:
- The5%ers: Phase 1: Unlimited, Phase 2: Unlimited
- True Forex Funds (Quick Funding): Phase 1: 30 Calendar Days, Phase 2: 60 Calendar Days
- Profit Split:
- The5%ers: 80% up to 100% + Monthly Salary
- True Forex Funds (Quick Funding): 80%
Through this comparison, traders can gain a clearer understanding of the distinctive features and requirements of The5%ers and True Forex Funds, aiding in their selection of a prop firm that aligns with their trading style and objectives.