- $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.).
FunderPro
- Scaling up to $5,000,000 with 80% profit splits.
- Weekly payouts with no time constraints on trading.
- Flexible trading: overnight, weekends, and during news.
- Leverage up to 1:100 and diverse trading instruments.
Cons โ
Blue Guardian
- Mandatory 5 trading days for Elite Guardian
- Absence of a free trial
FunderPro
- Above-average profit targets
Rules ๐
Blue Guardian
Maximum Daily Loss, Maximum Loss, Maximum Trading Days, Minimum Trading Days, Profit Target, Third Party Copy Trading Risk, Third Party EA Risk
FunderPro
Maximum Daily Loss, Maximum Loss, Minimum Trading Days, Profit Target
When comparing Blue Guardian and FunderPro, traders have compelling options. Blue Guardian offers a standard account cap of $400,000 with the potential to scale to a robust $2,000,000. Coupled with an exceptional 85% profit share and a high Trustpilot rating of 4.8/5, Blue Guardian appears dedicated to its traders' success. In contrast, FunderPro seems to target ambitious traders, scaling up to $5,000,000, albeit with a slightly lower 80% profit split. Despite the less favorable profit cut, FunderPro's substantial scaling opportunity is a noteworthy feature for traders planning for long-term growth.
Leverage and Evaluation Goals
Both firms offer generous leverage up to 1:100, which can be a double-edged sword โ providing opportunities for significant profits or losses. Blue Guardian sets reasonable evaluation goals with minimal thresholds of 8% and 4%, which reduce pressure on traders. FunderPro does not specify its profit targets, with 'above-average' targets that may indicate a more challenging path to scaling or profit withdrawal.
Flexibility in Trading
Blue Guardian and FunderPro both offer commendable flexibility in terms of trading options. They support overnight, weekend positions, and trading during news releases. This flexibility is central to many trading strategies, especially those that capitalize on events that create high market volatility. The lack of time constraints on trading with FunderPro is also a favorable point that may appeal to traders who need freedom in their trading schedules.
Trading Tools and Instruments
Both prop firms offer a comprehensive array of trading tools and instruments, including forex, commodities, crypto, indices, and more. However, Blue Guardian stands out with its comprehensive user interface that might be especially beneficial for traders who rely on multiple tools for their strategies. FunderPro counters by providing access to stocks, which may attract traders with an eye for equity markets.
Operational Rules and Constraints
Blue Guardian has stringent operational rules with a list including Maximum Daily Loss, Maximum Loss, Maximum Trading Days, and Minimum Trading Days, which may not sit well with traders looking for fewer restrictions. The mandatory 5 trading days for the Elite Guardian program also adds another layer of criteria to meet. FunderPro's rules are relatively simpler, focusing on core aspects like Maximum Daily Loss, Maximum Loss, and Minimum Trading Days, which might be less daunting for newcomers.
Funding and Withdrawal Options
On the financial side, Blue Guardian and FunderPro both accept credit/debit cards and crypto for deposits. However, FunderPro also accepts Bank Wire Transfers for deposits, adding a traditional method that might be preferred by some traders. For withdrawals, both entities offer comparable methods, though Blue Guardian adds the option of Deel, a payment platform that might offer convenience for international traders.
Account Options
Blue Guardian provides a diverse range of account sizes ranging from $10,000 to $200,000, allowing traders to start small and grow or enter at a level they're comfortable with. FunderPro seems less clear-cut with account sizes, but it's implied that the options are customizable, which could cater to various trader requirements.
Establishment and Reliability
The foundation dates are pivotal in assessing the track record and reliability of prop firms. Blue Guardian, established in June 2019, brings a longer presence in the financial trading sector, potentially translating into greater experience and trust. FunderPro's recent emergence in February 2023 means it might have the latest market insights but lacks the historical credibility that only time can forge.
Conclusion
In summary, both Blue Guardian and FunderPro present compelling propositions for retail traders, with their unique advantages. Blue Guardian may appeal to those valuing higher profit shares, seasoned presence, and an intuitive trading interface. FunderPro, on the other hand, offers unrivaled account scalability and flexible trading without time constraints, making it a potentially attractive platform for ambitious traders with long-term goals. Ultimately, the choice between the two will hinge on the individual's trading strategy, their need for flexibility, and their appetite for growth versus immediate profitability.