- $400,000 standard account cap with potential to scale to $2,000,000.
- Exceptional 4.8/5 Trustpilot rating with 85% profit share.
- Leverage up to 1:100 and minimal evaluation goals of 8% and 4%.
- Supports overnight, weekend positions, and news trading.
- Comprehensive user interface with diverse trading tools (forex, commodities, crypto, etc.).
FTMO
- Over 4k Trustpilot reviews at 4.9/5 with exceptional 24/7 customer support.
- Trading Psychologist available, scaling plan, and CEO's public visibility.
- Free trial, infinite evaluation retries, and bi-weekly payments at 80%-90% profit.
- Flexible trading: no cap on duration, minimum 4 days, 1:100 leverage, and diverse tools.
Cons ❌
Blue Guardian
- Mandatory 5 trading days for Elite Guardian
- Absence of a free trial
FTMO
- Educational videos suit beginners more
- Maximum of 2 accounts at $200,000 each
Rules 📋
Blue Guardian
Maximum Daily Loss, Maximum Loss, Maximum Trading Days, Minimum Trading Days, Profit Target, Third Party Copy Trading Risk, Third Party EA Risk
FTMO
Maximum Daily Loss, Maximum Loss, Minimum Trading Days, No News Trading, Profit Target, Third Party Copy Trading Risk, Third Party EA Risk
Blue Guardian sets the stage with a significant standard account cap of $400,000, demonstrating their trust in traders to manage sizable funds effectively. This amount can potentially scale to a staggering $2,000,000, presenting an ambitious pathway for skilled traders to massively increase their trading power. Additionally, with an 85% profit share, traders take home a substantial portion of their earnings, a feature that certainly stands out in the industry. However, the lack of a free trial may deter some traders who prefer to test the waters before committing.
In the competing ring, FTMO also demonstrates commitment to their traders with a reliable scaling plan that can boost profits. Their profit share dips slightly to 80%-90%, but that is compensated with other benefits, such as bi-weekly payments, which can be particularly appealing for liquidity-seeking traders. Having a free trial and infinite evaluation retries positions FTMO as a more accessible choice for those tentative about their initial engagement with a prop firm.
Customer Support and Resources
FTMO shines with its stellar Trustpilot score of 4.9/5 across over 4,000 reviews, indicating a consistently high level of customer satisfaction. With 24/7 support and the unique addition of a trading psychologist, they clearly prioritize trader well-being and potential success. The CEO's public visibility adds a layer of transparency and trust, showing that the firm stands behind its service.
Comparatively, Blue Guardian boasts an impressive 4.8/5 Trustpilot rating, which signifies a high level of trader satisfaction. However, they appear to fall short in the belt of academic resources by not providing educational content that could ease beginners into trading, unlike FTMO's offerings tailored towards newcomers in the field.
User Experience and Interface
Both firms offer a wide array of trading tools, yet Blue Guardian takes a slight edge with its comprehensive user interface that caters to an all-inclusive trading portfolio, including forex, commodities, and crypto, to name a few. The supportive environment that allows for overnight, weekend positions, and even news trading caters to a wide variety of trading styles.
FTMO doesn't lag far behind with its range of tools and flexibility in trading. They also offer an impressive array of tradeable instruments, extending even to stocks and bonds, which is a definite plus for diversification-seeking traders.
Trading Rules and Restrictions
Both firms enforce a set of trading rules to manage risk, such as Maximum Daily Loss and Profit Targets. However, FTMO restricts news trading which could be a disadvantage for traders who excel in volatile environments or rely on event-driven strategies.
Blue Guardian requires a mandatory five trading days and lacks a free trial, possibly deterring traders who favor more leniency or wish to test the platform without financial commitment.
Financial Transactions
When it comes to the practicalities of deposits and withdrawals, both Blue Guardian and FTMO provide options including credit/debit cards and crypto to cater to modern-day traders. Blue Guardian takes a slight lead by allowing withdrawals via Deel, expanding the convenience for international traders.
Account Sizes and Currency Flexibility
Blue Guardian offers predetermined account sizes ranging from $10,000 to $200,000, which might appeal to traders of varying capitals and confidence levels. However, they only deal in USD, which might limit their accessibility for traders dealing in other currencies.
FTMO accommodates a broader international market with account sizes available in various major currencies, including AUD, CAD, CHF, CZK, EUR, GBP, and USD. This flexibility showcases FTMO's global appeal and understanding of currency-based preferences.
Conclusion
Ultimately, both Blue Guardian and FTMO present strong propositions for prop traders with distinct advantages. Blue Guardian offers an attractive profit-sharing model and scalability potential in a comprehensive trading environment. In contrast, FTMO counters with exceptional customer support, educational resources, and a global outlook on trading currencies and instruments. Traders would do well to consider their priorities – powerhouse accounts versus educational support, and currency flexibility versus raw profit share percentage – when deciding which prop trading firm to partner with for their trading journey.
