Introduction:
In today’s blog post, we will provide a detailed comparison between two renowned prop trading firms: FTMO Prop Trading Firm and Trade The Pool Funded Trading Program. As traders who have experienced both firms, we will analyze various aspects to help you make an informed decision. Join us as we delve into the evaluation process, trading objectives, payout systems, trading platforms, additional benefits, and the overall worthiness of these firms.
| Prop Firm Details | FTMO | Trade The Pool |
| Year Founded | 2014 | 2016 |
| Maximum Balance | $2,000,000 | $260,000 |
| Tradeable Assets | Forex Indices Metals Commodities Stocks Crypto |
Stocks |
| Challenge Type | Two Step Evaluation | One-Step Evaluation |
| Trading Platforms | MT4 MT5 cTrader |
Proprietary |
| Trading Hours | Holding Overnight Holding Over Weekend |
❌ |
| Copy Trading | ✅ | ❌ |
| News Trading | ✅ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.9 / 5.0 | 4.1 / 5.0 |
| Trust Pilot Reviews | 4,408 | 16 |
| Payment Types | Wire Transfer Skrill Crypto Credit Card Google Pay Nuvei Checkout.com Confirmo |
Deel Card |
Evaluation Process:
At FTMO Prop Trading Firm, the evaluation process consists of a two-step evaluation course: the FTMO Challenge and the Verification stage. Traders must showcase their trading abilities and meet specific Trading Objectives to progress. On the other hand, Trade The Pool Funded Trading Program offers different levels of buying power with specific profit targets, maximum drawdown, and trading periods. The evaluation process is designed to assess traders’ skills and discipline in both firms.
Trading Objectives and Payout Systems:
FTMO allows traders to trade according to their preferences without restricting trading styles, instruments, or position sizes. The firm offers competitive profit splits, with a default payout ratio of 80:20. However, traders who meet the conditions of the Scaling Plan can enjoy an impressive 90:10 payout ratio, along with a 25% account balance increase every four months. Trade The Pool Funded Trading Program offers different levels of buying power, each with its own profit targets, maximum drawdowns, and payout splits. Traders can choose the level that aligns with their trading goals.
Trading Platforms and Instruments:
FTMO provides access to popular trading platforms such as MT4, MT5, and cTrader. Traders can trade a wide range of instruments, including Forex, Indices, Crypto, Commodities, and more. Similarly, Trade The Pool offers a professional trading platform equipped with real-time information and advanced tools. Traders can trade stocks and ETFs with real capital, leveraging the platform’s features.
Additional Benefits:
FTMO Prop Trading Firm offers custom trading apps, account analysis, unbiased feedback, and support from their customer support team. They also provide educational resources through their Trading Academy, including tutorials, webinars, and collaborations with experienced traders and mentors. Trade The Pool Funded Trading Program offers comprehensive mentorship, live trade ideas, access to educational resources, and a thriving community of traders. Traders can utilize free stock scanning to identify potential trading opportunities.
Conclusion:
Both FTMO Prop Trading Firm and Trade The Pool Funded Trading Program offer aspiring traders the opportunity to trade with real capital and access various benefits. FTMO’s evaluation process ensures that only skilled and disciplined traders join their proprietary trading firm, while Trade The Pool provides different levels of buying power with clear program objectives. The choice between the two firms depends on individual preferences, trading goals, and the desired trading instruments. We recommend thoroughly evaluating the features, evaluation process, payout systems, and additional benefits to make an informed decision based on your unique trading requirements.
