My Funded Futures vs. The Funded Trader

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The post My Funded Futures vs. The Funded Trader by Sarah Edwards appeared first on Benzinga. Visit Benzinga to get more great content like this.

When choosing a prop firm for funding your trading, the right pick can hinge on crucial differences in structure, rules, payout track-record and user experience. My Funded Futures positions itself as a futures-focused firm with relatively straightforward rules and competitive pricing, while The Funded Trader offers broader account types (often including forex/CFDs) and aims for a wider audience. Evaluating how each handles evaluations, drawdowns, profit splits, payouts and transparency matters greatly.

In this article, we’ll explore how My Funded Futures stacks up against The Funded Trader in the areas of cost, rules, reliability and overall value for the trader.

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What Is My Funded Futures?

My Funded Futures is a prop trading firm that funds traders who pass its single-step evaluation process.

The firm was founded by Matthew Leech in September 2023 in Dover, Delaware. It’s grown in stature among futures prop firms and caters to a wide range of traders, from those new to trading to more experienced hands looking to trade larger amounts of money without risking their own.

Pros

• Focused on futures trading
• One-step evaluation 
• Keep the first $10,000 profit
• 90% profit split
• Considerable flexibility

Cons

• Consistency rules 
• Low payout frequency 
• Limited to trading futures

What Is The Funded Trader?

The Funded Trader is a simulated trading evaluation firm that offers a variety of one, two and three-step challenges before funding traders. It was founded by Angelo Ciaramello in Liberty Hill, Texas, in May 2021 and has its primary headquarters in Miami, Florida.

With The Funded Trader, you trade in a demo account. Payouts, known as “rewards,” are based on profits generated in a simulated funded trading account. The Funded Trader offers six distinct challenges: Standard, Rapid, Royal, Knight, Dragon and Knight Pro, with account sizes ranging from $5,000 to $200,000.

Pros

• Flexible account sizes 
• 80% – 90% profit split
• Variety of challenges
• Unlimited trading days
• Scaling to $5 million

Cons

• Strict, automatic risk management 
• Lack of educational resources
• Challenge types can be confusing

Side-by-Side Comparison

Here’s a side-by-side comparison of My Funded Futures and The Funded Trader:

Comparing My Funded Futures vs. The Funded Trader

Now that you know a little more about both firms, it’s time to explore their respective features, payouts, pricing, trading platforms, and funding programs.

Features

On My Funded Futures, you can only trade futures for foreign exchange (forex), agriculture, metals and indexes. My Funded Futures’ rules emphasize human-driven trading, prohibiting nearly all automated trading. Advanced market and technical analysis tools are available through the offered trading platforms.

As mentioned, you can trade forex, commodities, indexes and cryptocurrencies on The Funded Trader. The prop firm allows scalp trading, but not within two minutes of a major news event. Copy trading is only permitted on multiple accounts under your name; group trading isn’t allowed and hedging is prohibited. Charting and advanced technical indicators and analysis are available through various trading platforms.

Regarding customer service, The Funded Trader offers live chat and a link to a contact page with an email address, telephone number and link to its Discord page. 

However, the company’s telephone number is buried in its privacy policy and the platforms lack in-depth resources, forcing users to rely on chat, an educational library, FAQs and searchable help articles for any issues that arise.

Payments

My Funded Futures takes payment through wire transfers, cryptocurrency and credit cards. You can receive payouts through Rise as frequently as weekly, after five winning days and maintaining consistency. The generous profit-sharing allows you to keep the first $10,000 and 90% of your earnings after that.

By contrast, The Funded Trader accepts payment by credit card and cryptocurrency and you can receive payouts (rewards) in cryptocurrency or through bank transfers. 

The payout frequency varies from seven to 14 days based on your selected challenge. Depending on the challenge you purchase, your profit split can range from 75% to 95%.

Pricing

The evaluations at My Funded Futures are available in three account sizes across three plans: Starter, Expert and Milestone.

With the Starter plan, you pay a monthly fee of $80 for a $50,000 account, $150 for $100,000 and $220 for $150,000. Those accounts cost $165, $265 and $375 per month.

The Milestone plan offers lifetime access for a one-time fee. The fees are $445, $555 and $665 at their respective levels. My Funded Futures does not charge an activation fee.

With The Funded Trader, your monthly fee depends on the challenge you choose and your account size, which ranges from $5,000 to $200,000 for most challenges except the Dragon. You can pay $49 to $355 per month for accounts ranging from $5,000 to $100,000 for the Dragon challenge.

The other challenges and monthly costs for accounts from $5,000 to $200,000 are as follows: Standard is $65 –$1,135; Royal is $60 –$1,158; Rapid is $79 –$899; Knight is $59 –$939; and King Pro is $65 –$945. 

Trading Platforms

The range of trading platforms offered through My Funded Futures allows traders to find their preferred platform for managing their capital. These include NinjaTrader, Tradovate, TradingView, Quantower, Volumetrica, Volsys/Volbook and ATAS.

On The Funded Trader, motivated traders will find three popular trading platforms: Metatrader 4, Metatrader 5 (the choice of savvy traders and brokers worldwide) and TradeView, which provides access to advanced analysis.

Funding Programs

My Funded Futures offers a one-stage evaluation on securing a funded trading account. Once you pass the evaluation, you’ll be funded on a simulated account, where you must consistently meet special performance levels and risk management metrics. If you succeed, you’ll be given a live account.

The Funded Trader offers several challenges, with evaluation stages ranging from one to three steps. When you pass, you get access to a simulated account for trading.

My Funded Futures vs. The Funded Trader – Which Is Best for You?

My Funded Futures and The Funded Trader are popular prop firms among traders. Whether new to trading or looking to trade larger accounts, you can find the right fit for your goals by analyzing your needs and comparing the two prop firms.

Choose My Funded Futures if you’re focused purely on futures, want a straightforward path, and are comfortable accepting a newer firm with less history. Choose The Funded Trader if you want wider instrument access or are attracted by scale, but carefully review the rules and maintain strong discipline.

Frequently Asked Questions 

The post My Funded Futures vs. The Funded Trader by Sarah Edwards appeared first on Benzinga. Visit Benzinga to get more great content like this.

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