Funded Trading Plus vs MyFundedFX

Overview of Funded Trading Plus

Funded Trading Plus boasts a suite of features tailored to meet the demands of serious traders. With impressive leverage in its offering of up to $2,500,000 in capital across four funding programs, this firm rises to the top for those looking for extensive trading power. A 90% profit share is one of the highest in the industry, rewarding traders handsomely for their success. The firm's support system is known for its responsiveness, which can be a significant ease for traders looking for quick and effective assistance. One of the critical features that set Funded Trading Plus apart is its inclusivity of overnight and news trading with no specific trading day restrictions, allowing for great flexibility in trading strategies. Moreover, the array of instruments available, including forex, commodities, indices, and cryptocurrencies, ensures that traders have a diverse field to deploy their strategies. Despite these compelling features, potential users must consider the various trading rules set by Funded Trading Plus, such as maximum daily loss limits and maximum trailing drawdown, which can impact how trades are managed. Nevertheless, a comprehensive approach and the option for traders to scale their accounts can be highly enticing, particularly with the apparent satisfaction of its users reflected in a stellar 4.9/5 rating on Trustpilot.

Insight into MyFundedFX

MyFundedFX also steps into the spotlight with laudable features, starting with its maximum account balance of $1,500,000, accompanied by an 80% profit split — attractive, though slightly lower than its competitor. The bi-weekly payouts are an appealing facet for traders looking for regular income streams from their trading activities. The opportunity for account scaling is a bonus likely to captivate aspirational traders. Trading flexibility is also a significant part of the MyFundedFX offering, with no hold-barred policy on overnight, weekend, and news-based trading. A leverage of up to 1:100 further solidifies its position as a firm that provides traders with ample capability to amplify their trades. Moreover, like its competitor, MyFundedFX offers a vast array of tradeable instruments. However, it's crucial to consider certain restrictions with MyFundedFX. The trailing drawdown in one-step accounts could be a potential drawback for some traders, along with the limitation on lot sizes which may cap the trading aggressiveness for some. Additionally, the absence of a free trial might deter potential users who wish to test the waters before committing full-fledge.

Payment and Withdrawal Methods

Both firms offer modern deposit and withdrawal methods, which cater to the needs of various traders. Funded Trading Plus enables deposits via credit/debit cards and crypto, aligning itself with traditional and contemporary payment preferences. MyFundedFX broadens the palette with the inclusion of bank wire transfers along with crypto and credit/debit card options. Withdrawal methods are consistent between the two, offering payouts in crypto and through the payment processor Deel.

Account Offerings and Tradeable Instruments

In terms of account sizes, Funded Trading Plus provides a wide range of options starting from $5,000 to $200,000, catering to traders of different scales and risk appetites. MyFundedFX also offers varied account sizes, though specifics were not provided in the context. Both firms support trading in major financial instruments like commodities, crypto, forex, indices, and metals, thereby ensuring that traders have access to a diversified portfolio. The account currencies focused on USD reflect a standardized approach well-suited for the majority of traders.

Company Establishment and Operational History

Funded Trading Plus has the advantage of a slight head start over MyFundedFX, having been incorporated in November 2021 compared to the latter's establishment in June 2022. While operational history can inform potential trustworthiness and experience in managing traders' ambitions, both firms have proven to provide quality services, as evidenced by their high ratings on Trustpilot.

Conclusion

When juxtaposing Funded Trading Plus and MyFundedFX, retail traders are tasked with noting not only the high-level offerings but delving into the specifics of each firm’s pros and cons. While Funded Trading Plus offers a higher capital potential and profit share, MyFundedFX competes robustly with features like bi-weekly payments and generous leverage. The choice between the two would ultimately hinge on individual trading styles, preferences for profit sharing, and the weight traders put on flexibility versus rules and restrictions. Both firms seem well-poised to cater to dedicated traders, but due diligence is recommended for the best personalised fit.