This review focuses on a comparative analysis of True Forex Funds and Funded Trading Plus, two notable prop trading firms. By examining their trading objectives, we aim to provide insights on how they align with different trader needs and preferences.
Key Trading Objectives Comparison
Understanding the specific trading objectives of True Forex Funds and Funded Trading Plus helps traders in choosing the right platform.
Profit Targets and Loss Limits
- Both firms have set Phase 1 and Phase 2 profit targets at 8% and 5%, respectively.
- True Forex Funds has a Maximum Daily Loss limit of 5%, while Funded Trading Plus sets theirs at 4%.
- True Forex Funds caps Total Maximum Loss at 10%, contrasting with Funded Trading Plus’s 8% using a trailing method.
Minimum and Maximum Trading Periods
- True Forex Funds requires a minimum of 5 calendar days of trading, whereas Funded Trading Plus does not specify a minimum.
- Both firms offer unlimited trading periods for both phases, enhancing flexibility for traders.
Profit Split
- Both start with an 80% profit split, with Funded Trading Plus offering the potential to increase to 90%.
Insights into True Forex Funds and Funded Trading Plus
The Limitless Funding program of True Forex Funds and the Premium plan of Funded Trading Plus cater to varying trader needs:
- True Forex Funds’ 5-day minimum provides a structured approach to trading.
- Funded Trading Plus’s lack of a minimum trading day requirement offers greater flexibility.
- The dynamic risk management with Funded Trading Plus’s trailing maximum loss feature sets it apart.
- Profit splits in both firms are attractive, with Funded Trading Plus offering a slightly higher potential.
For more detailed insights and reviews of these prop trading firms, visit bestmanagedforexaccounts.com.