- 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.
Funded Academy
- Real accounts with up to $1,000,000 in genuine capital.
- Bi-weekly payouts with profit shares of 70% to 90%.
- 1:100 leverage for Standard challenge accounts.
- Permitted overnight positions and news trading.
- Exclusive benefits for Extended challenge accounts.
Cons ❌
Forex Capital Funds
- Leverage limited to 1:30
- Limited community feedback
Funded Academy
- Lot size restrictions
- 1:10 leverage on Extended challenge accounts
- Monthly payouts on Extended challenge accounts
Rules 📋
Forex Capital Funds
Maximum Daily Loss, Maximum Loss, Maximum Trading Days, No Copy Trading Allowed, Profit Target, Third Party EA Risk
Funded Academy
Lot Size Limit, Maximum Daily Loss, Maximum Loss, No Weekend Holding, Profit Target, Stop Loss Required, Third Party Copy Trading Risk, Third Party EA Risk
When evaluating prop trading firms, it is essential to meticulously examine the unique offerings and restrictions they present to traders. Forex Capital Funds and Funded Academy, both in the realm of providing capital to retail traders, have distinct features, benefits, and limitations.
Forex Capital Funds Pros
Forex Capital Funds steps up as a competitive player in the prop firm arena with its commitment to transparent trading conditions, giving traders a clear understanding of the terms of engagement. A particularly attractive feature is the unlimited trading duration, affording traders the ability to operate without the pressure of a ticking clock.
Coupled with this patience in position management, Forex Capital Funds' progressive scaling strategy enables traders to grow their capital base progressively, potentially significantly amplifying their earning potential. A high profit share ratio of 80% to 90% stands as an excellent incentive. Additionally, the liberal policies permitting news trading and holdings over weekends and overnight signal an understanding of a range of trading strategies.
Funded Academy Pros
Funded Academy distinguishes itself with the offer of real trading accounts boosted by up to $1,000,000 in genuine capital, catering to the ambitions of both novice and seasoned traders. The flexibility of bi-weekly payouts at a commendable 70% to 90% profit share positions Funded Academy as an ally to trader liquidity.
With 1:100 leverage for Standard challenge accounts, traders have substantial power to capitalize on their market insights. Additionally, the permission for overnight positions and news trading indicate an alignment with diverse trading strategies. Exclusive benefits for Extended challenge accounts provide an enhanced experience for traders seeking higher stakes and more significant potential rewards.
Advantages Comparison
Both firms offer generous profit shares and trading freedom, with Forex Capital Funds providing an indefinite trading duration and Funded Academy providing high-value real accounts. The bi-weekly payout by Funded Academy might appeal to those looking for quicker access to their profits compared to Forex Capital Funds, whose review did not specify the payout timeframe.
Limitations and Rules
The information provided is insufficient to draw a full picture of the cons for Forex Capital Funds. On the other hand, Funded Academy faces some constraints, such as lot size limits on trading and more conservative leverage of 1:10 on Extended challenge accounts, which might limit trading aggressiveness. Additionally, Funded Academy caps flexibility with monthly payouts for Extended challenge accounts compared to more frequent payments for their Standard counterparts.
The differences in the trading rules between both firms underscore the tailored approaches they offer. Forex Capital Funds sets a maximum daily loss, a ceiling on cumulative losses, a profit target, and restrictions on copy trading and third-party EA risk. Funded Academy also imposes a lot size limit, daily loss cap, cumulative loss limit, the requirement for a stop loss, and restrictions on holding positions over the weekend, in addition to similar restrictions as its counterpart on profit targets and EA & copy trading risks.
Funding and Withdrawal
In terms of funding methods, both prop firms allow for crypto and credit/debit card deposits, with Funded Academy slightly ahead by also accepting Perfect Money. As for withdrawals, Forex Capital Funds employs Deel, possibly facilitating more streamlined international transactions, whereas Funded Academy utilizes crypto methods, which might be preferred by those looking for straightforward, rapid transfers without third-party involvement.
Financial Instruments and Account Currencies
Each firm boasts an array of tradable instruments, including forex, crypto, indices, and metals, with Forex Capital Funds adding commodities and Funded Academy including stocks. These offerings indicate that both firms cater to a range of trading preferences and styles. Both firms also operate account currencies in USD, which remains the standard among forex and CFD traders.
Experience and Track Record
It is essential to consider the track record of each firm. Forex Capital Funds, established in July 2023, may be regarded as the newer entity relative to Funded Academy (established in July 2021), which can influence a trader's confidence level based on firm maturity and industry presence.
Final Thoughts
In conclusion, Forex Capital Funds and Funded Academy offer unique propositions to retail traders. The principal considerations lie in selecting a firm aligning with individual trading styles, flexibility needs, and risk management preferences. Both firms provide a platform for traders to leverage capital but differ in their rule sets, financial instruments, and overall approach to trader growth and development. It's up to potential users to decide which firm offers the best synergy with their trading objectives.
