Comparison: MyFundedFX vs. True Forex Funds

Comparisons

Comparing MyFundedFX’s normal program with True Forex Funds’ Quick Funding program provides insights into their trading objectives, highlighting both similarities and differences crucial for traders’ decision-making.

Comparative Analysis of Trading Objectives

Here’s a detailed overview of the key trading objectives for MyFundedFX (Normal) and True Forex Funds (Quick Funding):

Phase 1 Profit Target: Both MyFundedFX and True Forex Funds set an 8% target.
Phase 2 Profit Target: Each firm aligns with a 5% target in Phase 2.
Maximum Daily Loss: A 5% limit is consistent across both firms.
Total Maximum Loss: MyFundedFX caps this at 8%, while True Forex Funds allows up to 10%.
Minimum Trading Days: Neither firm imposes a minimum trading day requirement.
Maximum Trading Period: MyFundedFX offers unlimited periods for both phases, in contrast to True Forex Funds’ 30-day limit for Phase 1 and 60-day limit for Phase 2.
Profit Split: Both firms provide an 80% profit split.

This comparison shows that while MyFundedFX and True Forex Funds share similar profit targets and loss limits, a significant difference lies in the maximum trading period, with True Forex Funds imposing specific time constraints in each phase. This factor is key for traders considering the flexibility and time required to meet the trading objectives.

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