In this review, we compare True Forex Funds and Smart Prop Trader, two notable entities in the prop trading industry. The focus is on their trading objectives, providing traders with a clear understanding of what each firm offers.
Comparative Overview of Trading Objectives
Examining the trading objectives of True Forex Funds and Smart Prop Trader reveals key differences and similarities that are essential for traders evaluating their options.
Profit Targets and Loss Limits
- Phase 1 Profit Target: True Forex Funds sets it at 8%, while Smart Prop Trader aims for 7%.
- Both firms have a 5% Phase 2 Profit Target.
- Maximum Daily Loss is capped at 5% by True Forex Funds and 4% by Smart Prop Trader.
- Total Maximum Loss: 10% for True Forex Funds and 8% for Smart Prop Trader.
Minimum and Maximum Trading Periods
- True Forex Funds requires a minimum of 5 calendar days, while Smart Prop Trader imposes no minimum.
- Unlimited trading periods for both phases are offered by both firms.
Profit Split
- True Forex Funds starts at an 80% split, compared to Smart Prop Trader’s starting split of 85%, with the potential to rise to 90%.
Insights into True Forex Funds and Smart Prop Trader
Both True Forex Funds and Smart Prop Trader cater to diverse trader needs:
- True Forex Funds’ 5-day minimum trading requirement adds a structured aspect to trading.
- Smart Prop Trader’s no minimum trading days policy offers greater flexibility.
- The difference in profit targets and loss limits reflects each firm’s unique risk management approach.
- Smart Prop Trader’s higher profit split potential is attractive to traders seeking a larger share of their earnings.
For a more comprehensive review of these prop trading firms, including in-depth analysis and comparisons, visit bestmanagedforexaccounts.com.
