Introduction
As a funded trader, selecting the right trading program is crucial for your success in the financial markets. While FTMO has gained popularity with its profit-sharing model and unique challenge-based funding process, it’s always beneficial to explore alternatives and evaluate their features to find the best fit for your trading style and goals. In this article, we will introduce you to the 7 best alternatives to FTMO that offer unique advantages and opportunities.
1. The Funded Trader
The Funded Trader is a strong alternative to FTMO, providing a trading capital of $400,000 with an 80% profit-sharing model. Traders have the flexibility to trade in Forex, Commodities, Indices, and Crypto markets. The program follows a two-phase challenge structure, and upon successful completion, the fees are refunded. With its attractive profit split and multiple asset options, The Funded Trader proves to be a reliable choice for funded traders.
2. My Forex Funds
My Forex Funds addresses the concern of instant funding options by offering traders access to a $10,000 balance with the Rapid plan or a $2,000 balance with the Accelerated plan. The Evaluation plan allows traders to work their way up, starting with $5,000 and keeping 85% of their profits. While My Forex Funds primarily focuses on Forex, Crypto, and Commodities, it does not offer stock trading. However, traders can benefit from the platform’s faster scaling options, allowing for substantial increases in trading balance as profit targets are achieved.
3. BluFx
BluFx primarily caters to Forex traders, offering 19 Forex pairs and gold trading options. Although it lacks stock and commodity trading, BluFx stands out with its instant funding feature. Traders can trade without minimum trading day requirements or withdrawal targets. However, the profit split is capped at 50% to compensate for the higher risk taken by the platform. BluFx offers two package options, Lite and Pro, with varying trading times and additional features. If you’re seeking instant funding and a focus on Forex and gold markets, BluFx may be a suitable alternative for you.
4. City Traders Imperium
City Traders Imperium provides traders with the advantage of instant trading ability through a £999 fee, offering a $20,000 trading balance. The program offers different plans, including Classic and Standard Evaluation, allowing traders to test their skills with varying capital amounts. City Traders Imperium allows trading in gold, indices, and Forex. Traders can benefit from the platform’s profit split, which can go up to 100% as profit targets are achieved, effectively doubling the trading corpus. Additionally, the platform offers educational resources and reliable customer support.
5. Topstep
Similar to FTMO, Topstep evaluates traders through a challenge and offers a profit split model. Traders are allowed to keep their first $5,000-$10,000 in profits, and the profit split remains at 80% thereafter. Topstep specializes in futures contracts listed on the Chicago Mercantile Exchange. While it provides opportunities for diversification, it limits traders to specific markets. Traders need to meet daily balance requirements to determine the number of lots they can trade. Topstep’s monthly fees provide traders with ample time to reach profit targets while managing risk effectively.
6. OneUp Trader
OneUp Trader is another notable alternative to FTMO, offering traders a range of account sizes starting from $25,000. The profit split varies based on the account size, with larger accounts earning a higher percentage. Traders can trade in Forex, Stocks, Futures, and Options markets. OneUp Trader provides a challenge-based evaluation process and offers traders the opportunity to showcase their skills and potentially get funded. With its diverse asset options and flexible account sizes, OneUp Trader is worth considering for funded traders.
7. Earn2Trade
Earn2Trade offers a comprehensive training program combined with a funded trading account. Traders can choose from different packages, including the Gauntlet Mini, Gauntlet, and Gauntlet Pro. Each package provides traders with a simulated account for practice and a funded account upon successful completion of the evaluation. Earn2Trade focuses on futures trading and provides traders with access to various futures markets. The profit split ranges from 80% to 90% depending on the package chosen. With its emphasis on education and the opportunity to prove trading skills, Earn2Trade is a viable alternative to FTMO.
Comparison Table
| Alternative | Trading Capital | Profit Split | Asset Options | Evaluation Process |
|---|---|---|---|---|
| The Funded Trader | $400,000 | 80% | Forex, Commodities, Indices, Crypto | Two-phase challenge structure |
| My Forex Funds | $2,000 – $10,000 | Up to 85% | Forex, Crypto, Commodities | Progressive evaluation plan |
| BluFx | Varies | Up to 50% | Forex, Gold | Instant funding without specific targets |
| City Traders Imperium | $20,000 | Up to 100% | Gold, Indices, Forex | Classic and Standard Evaluation |
| Topstep | Varies | 80% | Futures Contracts | Challenge-based evaluation |
| OneUp Trader | $25,000+ | Varies | Forex, Stocks, Futures, Options | Challenge-based evaluation |
| Earn2Trade | Varies | 80% – 90% | Futures | Gauntlet evaluation process |
Conclusion
While FTMO has gained popularity as a funding provider for traders, it’s essential to explore alternatives and consider their features before making a decision. The 7 alternatives mentioned in this article, including The Funded Trader, My Forex Funds, BluFx, City Traders Imperium, Topstep, OneUp Trader, and Earn2Trade, offer unique advantages such as instant funding, diverse asset options, and flexible account sizes. Each platform has its own evaluation process and profit-sharing model, so it’s crucial to assess your trading style, goals, and preferences to find the best fit.
Remember to thoroughly research each alternative, review their terms and conditions, and consider the support and educational resources they provide. By doing so, you can make an informed decision and increase your chances of finding the ideal funding provider that aligns with your trading aspirations.
