Introduction:
As traders who have had the opportunity to engage with both The Funded Trader Program and True Forex Funds Trading Program, we aim to provide an unbiased and informative comparison of these two prominent proprietary trading firms. Our analysis will focus on key aspects such as program structure, evaluation process, benefits, trading conditions, platforms, support, and overall value proposition. Let’s delve into the details:
Prop Firm Details |
The Funded Trader |
True Forex Funds |
| Year Founded | 2021 | 2021 |
| Maximum Balance | $1,500,00 | $400,000 |
| Tradeable Assets | Forex Indices Metals Commodities Crypto |
Forex Indices Metals Commodities Stocks Crypto |
| Challenge Type | One-Step Evaluation Two Step Evaluation |
Two Step Evaluation |
| Trading Platforms | MT4 MT5 |
MT4 MT5 |
| Trading Hours | Holding Overnight Holding Over Weekend |
Holding Overnight Holding Over Weekend |
| Copy Trading | ❌ | ✅ |
| News Trading | ✅ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.6 / 5.0 | 4.6 / 5.0 |
| Trust Pilot Reviews | 5,709 | 931 |
| Payment Types | Paypal Crypto Payoneer Coinbase Wise |
Wire Transfer Paylpal Crypto Credit Card Payoneer Coinbase Binance Wise |
Program Structure and Evaluation Process:
Both programs offer a structured approach to funding aspiring traders, but they differ in terms of their evaluation processes. The Funded Trader Program follows a three-phase evaluation process, requiring traders to meet profit targets and adhere to program rules in each phase. Successful completion of all three phases grants traders access to substantial trading capital and eligibility to join the program’s proprietary trading firm.
On the other hand, True Forex Funds Trading Program features a two-phase evaluation process. During Phase 1, traders must achieve realistic profit targets and meet specific trading objectives. Upon successfully passing Phase 1, traders progress to Phase 2 as funded traders, gaining access to substantial capital provided by True Forex Funds.
| Two Step Rules | The Funded Trader | The Funded Trader | The Funded Trader | True Forex Funds |
| Program Name | Standard | Rapid | Royal | Evaluation |
| Profit Target Step 1 | 10% | 8% | 8% | 8% |
| Profit Target Step 2 | 5% | 5% | 5% | 5% |
| Max Daily Loss | 6% | 5% | 5% | 5% |
| Max Daily Drawdown | ❌ | ❌ | ❌ | ❌ |
| Max Loss | 12% | 8% | 10% | 10% |
| Max Drawdown | ❌ | ❌ | ❌ | ❌ |
| Min Trading Days Step 1 | 3 | ❌ | 5 | 5 |
| Min Trading Days Step 2 | 3 | ❌ | 5 | 5 |
| Max Trading Days Step 1 | 35 | 35 | 35 | 30 |
| Max Trading Days Step 2 | 60 | 60 | 60 | 60 |
| Profit Split | 80%, up to 90% | 80, up to 90% | 80, up to 90% | 80% |
Profit Split and Funding:
The Funded Trader Program offers traders up to a 90% profit split, depending on their performance and scaling plan. Traders who consistently demonstrate professional risk management and consistency can scale their trading account balance up to $1,500,000. This profit split acts as a strong incentive for traders to achieve success and rewards them for their profitable trading performance.
True Forex Funds Trading Program provides funded traders with an impressive 80% profit share of their trading achievements. This generous profit split ensures that traders are rewarded proportionately for their successful trades. It provides a significant motivation for traders to perform well and maximize their profitability, contributing to their overall success within the program.
Trading Conditions and Platforms:
The Funded Trader Program offers traders various challenge levels, including Standard, Rapid, Royal, and Knight Challenges. Each challenge level comes with its own unique benefits and requirements. Traders can choose the challenge that aligns with their trading style and goals. The program also allows trading with expert advisors, trade copiers, and without lot size limits, providing flexibility and accommodating different trading strategies.
True Forex Funds Trading Program supports popular trading platforms, including MetaTrader 4 and MetaTrader 5. These platforms are widely recognized and preferred by traders for their comprehensive features, user-friendly interfaces, and advanced trading tools. By supporting these platforms, True Forex Funds ensures that traders can enjoy a familiar and efficient trading experience.
Support and Community:
The Funded Trader Program emphasizes the importance of community and support. Traders have 24/7 access to a supportive community through Discord, where they can interact with other traders, share insights, and seek guidance. This community-driven approach fosters collaboration, learning, and a sense of belonging among program participants.
Similarly, True Forex Funds Trading Program fosters a diverse and inclusive trading community, accepting traders from over 110 countries. The program’s global accessibility creates an environment where traders can exchange ideas, learn from each other, and benefit from diverse perspectives. This sense of community and inclusivity enhances the overall trading experience and enables traders to grow and thrive.
Conclusion:
In conclusion, both The Funded Trader Program and True Forex Funds Trading Program offer aspiring traders valuable opportunities to access substantial trading capital and advance their trading careers. The choice between these programs ultimately depends on individual preferences, trading goals, and risk management capabilities.
The Funded Trader Program, with its three-phase evaluation process, higher profit split potential, and emphasis on risk management, provides a comprehensive and structured approach. Traders who value a clear path to funded trading and the potential for significant profit splits may find this program appealing.
On the other hand, True Forex Funds Trading Program’s two-phase evaluation process, flexible trading opportunities, and global accessibility provide an appealing alternative for traders seeking a diverse and inclusive trading community. Traders who prioritize a supportive community, flexible trading conditions,and familiarity with popular trading platforms may find this program more suitable.
As traders who have experienced the benefits of both programs, we encourage prospective traders to thoroughly evaluate their own trading objectives and preferences before making a decision. Remember, success in trading ultimately depends on individual dedication, discipline, and continuous learning.
Disclaimer: Trading in financial markets carries inherent risks, and traders should exercise caution and adhere to the guidelines and rules set forth by the respective programs.
