- Competitive pricing with transparent trading conditions.
- Unlimited trading duration with a progressive scaling strategy.
- Profit share ranging from 80% to 90%.
- Permission for news trading and overnight & weekend holding.
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 ❌
Forex Capital Funds
- Leverage limited to 1:30
- Limited community feedback
FTMO
- Educational videos suit beginners more
- Maximum of 2 accounts at $200,000 each
Rules 📋
Forex Capital Funds
Maximum Daily Loss, Maximum Loss, Maximum Trading Days, No Copy Trading Allowed, Profit Target, 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
When choosing a proprietary trading firm, traders need to weigh various factors carefully. Forex Capital Funds and FTMO stand out in the industry, but they offer distinct advantages and approaches to forex and CFDs trading. Let's delve into how these firms stack up against each other.
Forex Capital Funds Overview
Forex Capital Funds (FCF), a relative newcomer established in July 2023, seeks to attract traders with competitive pricing and transparent trading conditions. Its standout feature is the unlimited trading duration coupled with a progressive scaling strategy, which is a significant perk for traders who dislike pressure and prefer to trade at their own pace.
The profit share arrangement is generous, ranging from 80% to 90%, offering traders a substantial cut of their successful trades. Additionally, FCF allows for news trading and the possibility to hold positions over the weekend and overnight, which is a desirable flexibility for many trading strategies.
FTMO Overview
FTMO, in contrast, has been around since September 2015 and has a more established presence in the industry with over 4,000 Trustpilot reviews and a top-notch 4.9/5 rating. This track record is a testament to its credibility and the high level of customer satisfaction. FTMO stands out for its excellent support available 24/7 and trading psychologists to help traders deal with the psychological aspects of trading.
Furthermore, the firm offers a free trial and unlimited evaluation retries, making this prop firm an appealing choice for those who need multiple attempts to demonstrate their trading skills. FTMO also offers the attraction of bi-weekly payments, with a profit share of 80% to 90%.
Comparing Trading Conditions and Services
While FCF's permission for news trading and holding positions over the weekend and overnight is an advantage, FTMO differentiates itself with a diverse set of tools and a 1:100 leverage, accommodating various trading styles and strategies.
Both firms have similar profit targets and maximum loss rules, but FTMO's compulsory minimum trading days and restrictions on news trading could deter some traders. Conversely, FTMO's vast array of tradable instruments, including stocks and bonds, alongside multiple account currencies, presents a wider variety of trading opportunities compared to FCF's somewhat narrower offering.
Financial Transactions: Deposits and Withdrawals
When it comes to handling finances, both Forex Capital Funds and FTMO have modernized their deposit methods by embracing cryptocurrency transactions, which may appeal to the tech-savvy trader. FTMO, however, maintains a more traditional approach as well by including bank wire transfers in its method list.
Withdrawal methods differ slightly with FTMO once again offering the more conventional bank wire transfer, which could be seen as more reliable or recognizable to certain users. Forex Capital Funds seems to rely on a modern payout system through Deel which may present an innovative but less familiar approach to some traders.
Account Offerings and Funding Currencies
FCF offers a range of account sizes from $10,000 to $200,000, which are denominated in USD, keeping it simple for those who prefer not to worry about currency exchange fluctuations. FTMO provides accounts in a variety of major currencies, giving a broader choice to those who wish to trade in their local currency or diversify their currency exposure.
Final Thoughts
The selection between Forex Capital Funds and FTMO comes down to a trader's preference for either a newer firm with a more streamlined selection and straightforward conditions or an established entity with a robust support system and extra services like a trading psychologist.
FTMO's strong industry reputation, multiple currency accounts, and comprehensive educational resources give it an edge for many traders. However, those favoring a more relaxed trading setting with no cap on trading duration might tilt toward Forex Capital Funds.
Each firm has its strengths, and the ultimate choice will depend on the individual trader's priorities, trading style, and financial preferences.
