Why Compare Prop Firms?
Choosing between FTMO and MyFundedFX is one of the most important decisions for any trader seeking a funded account. Each prop firm has different rules, costs, and benefits. This guide compares both models to help you make the best decision for your trading style in 2026.
Challenge Structure
FTMO
- Two phases: Challenge (10% profit) + Verification (5% profit)
- Max daily loss: 5% | Max total loss: 10%
- Deadline: 30 days per phase
- Profit split: 80–90% to the trader
MyFundedFX
- 1-phase or 2-phase models available
- Max daily loss: 5% | Max total loss: 10%
- No deadline on some plans
- Up to 90% profit split
Challenge Cost
FTMO fees range from $155 (for a $10,000 account) to $1,080 (for a $200,000 account). The fee is refunded on your first payout. MyFundedFX prices are similar and also refunds the fee on the first withdrawal. Always compare the cost-to-capital ratio when deciding which to pursue.
Trading Rules
Both firms prohibit arbitrage and HFT strategies. FTMO is known for actively monitoring trading patterns. MyFundedFX is considered slightly more flexible with aggressive scalping, but read the full terms before starting any challenge.
Drawdown: Relative or Absolute?
A critical point: FTMO uses relative drawdown — calculated from the equity peak — while some smaller prop firms use absolute drawdown (from initial balance). This completely changes the risk math. Track your equity precisely with ForexTracker to never be caught off guard.
Payouts and Withdrawals
- FTMO: monthly, bi-monthly, or accelerated (every 14 days with conditions)
- MyFundedFX: withdrawals available from day 14 of the funded account
Support and Community
FTMO has the largest community, with forums, webinars, and public trader statistics. MyFundedFX has grown rapidly and offers live chat support. For beginners, FTMO provides more integrated educational resources.
Which One to Choose?
If you value credibility, community, and education, FTMO is the stronger choice. If you prefer deadline flexibility and a higher split, evaluate MyFundedFX. In either case, log every trade in ForexTracker to have concrete performance data and know exactly where you stand relative to the firm's rules.
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