When comparing FTMO vs. My Funded Futures, you’re looking at two of the top proprietary trading firms many traders consider. Experienced traders often choose FTMO because of its rigorous evaluation process, while My Funded Futures appeals to both beginning and seasoned traders due to its straightforward evaluation.
Is either one right for you? Read this comparison of FTMO vs. My Funded Futures to determine whether one prop trading firm matches your trading goals.
- What Is FTMO?
- Pros
- Cons
- See All 14 Items
What Is FTMO?
The idea for FTMO started with a 2015 project in Prague, Czech Republic, called Ziskejucet.cz. After securing funding in 2017, Otakar Suffner, CEO and Marek Vasicek, Chief Technology Officer, launched FTMO as it is today.
Suffner and Vasicek began FTMO after recognizing a need among traders for improved discipline, better feedback and more capital. They built FTMO to benefit traders and educate them, even if they don’t pass the evaluation.
Pros
- Free trial
- 80% to 90% profit split
- Automatic scaling
- 24/7 customer support
- Access to performance coaches
Cons
- Two-step evaluation
- High evaluation fees
- Minimum trading days
What Is My Funded Futures?
Matthew Leech founded My Funded Futures in September 2023 after starting My Funded FX in June 2022. My Funded Futures is a Dover, Delaware, company focused on futures trading. It receives strong reviews because its sister company is prominent among forex prop firms.
My Funded Futures is for beginning and experienced traders looking for a single-stage evaluation to start trading quickly with someone else’s money. Once you pass the evaluation, you trade in a simulated account. You get funded in a live account if you consistently trade over 30 winning days.
Pros
- Potential one-day evaluation
- Keep first $10,000 earned
- 90% profit split
- No activation fee
- Flexibility in Expert account
Cons
- Consistency rules
- Restricted trading styles
- Transition to a funded account
Comparing FTMO vs. My Funded Futures
Overviews of FTMO vs. My Funded Futures can help you see differences between each prop trading firm. However, the details might tell you whether the FTMO prop firm or My Funded Futures is for you. Read about the features, payments, pricing, trading platforms and funding programs to decide whether FTMO or My Funded Futures meets your trading goals.
Features
FTMO offers traders features to help them become better traders. Once you prove yourself in the FTMO challenge, you can trade accounts from $10,000 to $200,000. FTMO also offers a free trial and tools for strategy planning, market analysis, account review, etc.
The program is known for its trading education through the FTMO Academy. FTMO welcomes any legitimate trading style and offers 24/7 client support.
My Funded Futures is known for its flexible evaluation. It offers a one-step challenge to getting funding and you have no minimum or maximum trading days to complete the evaluation. Account sizes range from $50,000 to $150,000, catering to new and seasoned traders.
You can trade futures across commodities, energy, equity indexes, foreign exchange and interest rates, but My Funded Futures prohibits automated trading, scalping and news trading. Customer support is available through live chat, a database of answers to frequently asked questions and the My Funded Futures Discord community.
Payments
FTMO accepts payment by bank wire transfer, credit or debit card, cryptocurrency, Skrill or PayPal. However, bank wire transfers from Cuba, Sudan, Ukraine or Venezuela are not allowed.
Once you are funded, FTMO offers a standard 80/20 profit split. However, if you meet FTMO’s scaling plan criteria – consistently earning a 10% profit over four months – you get to keep 90% of your earnings. The FTMO payout is processed biweekly each month.
You can pay your subscription to My Funded Futures by credit or debit card, an Automated Clearing House (ACH) transfer or cryptocurrency. With My Funded Futures, you get to keep the first $10,000 you earn in profit and then get 90% of profits. You can request a payout every five winning days.
Pricing
On FTMO, you pay a one-time fee that gets refunded if you pass the two-step evaluation. You can purchase account sizes of $10,000, $25,000, $50,000, $100,000 and $200,000 across three account types – Standard, Aggressive and Swing – that vary by profit targets and risk limits.
The one-time fee for each size is €89, €250, €345, €540 and €1080 respectively. FTMO also charges commissions on trades.
My Funded Futures offers three account sizes: $50,000, $100,000 and $150,000. It charges monthly across two plans, Starter and Expert and charges a one-time fee for its Milestone plan.
The monthly fees for the Starter plan are $80, $150 and $220. Under the Expert plan, the three accounts cost $165, $265 and $375 per month. The one-time fee for each level of account in the Milestone plan is $445, $555 and $665.
Trading Platforms
FTMO supports four trading platforms: MetaTrader4 (MT4), MetaTrader 5 (MT5), cTrader and DXTrade. MT4 is a popular choice among forex traders and MT5 has been widely adopted among algorithmic traders in forex. CTrader offers charting tools and fast trade execution, while traders use DXTrade to trade multiple assets.
My Funded Futures offers trading in only one asset: futures. However, it supports several trading platforms and software to accommodate its customers' trading styles and preferences. On My Funded Futures, you can use NinjaTrader, Tradovate, TradingView, Quantower, Volumetrica, Volsys/Volbook and ATAS.
Funding Programs
FTMO has a two-step evaluation: FTMO challenge and verification. To earn a prop trading account, you must meet the objectives of a profit target, maximum daily loss, maximum loss and balance and trade for at least four days, although not consecutively.
The second phase verifies your performance and consistency. FTMO also verifies your identity – you’re at least 18 without sanctions and a record of financial crimes. All trading is done in a simulated environment.
On My Funded Futures, you’re evaluated on consistency and meeting a profit target. You can pass the one-step challenge in as little as one day. You then get funded and trade in a simulated account called a Sim Funded Account. A risk team monitors your progress and once the team believes you’re ready, you are moved to a Live Funded Account. There is no set time before the move.
Which Works for You? FTMO vs. My Funded Futures
FTMO and My Funded Futures rank among the top prop trading firms but differ in many ways. Knowing how the two prop trading platforms differ can help you see how one might better align with your trading goals.
Frequently Asked Questions
Is My Funded Futures good?
My Funded Futures has a Trustpilot rating of excellent, with a score of 4.7 stars out of five. Some traders value its evaluation process, fair rules and profit-sharing split. However, others complain about restrictions on payouts and high fees. My Funded Futures has a reputation for being a prop firm for beginning and experienced traders. Consider your trading style and goals to determine whether they suit you.
Does FTMO allow futures?
Futures trading on FTMO is allowed through contracts for difference (CFDs) – agreements for sellers to pay buyers the difference between an asset’s current price and its closing price. However, trading futures can be financially difficult because you must pay for the data feed and platform.
What is better than FTMO?
FTMO is a well-known prop trading firm. However, depending on your trading goals, you might find several alternatives, including My Funded Futures, The Trading Pit, Topstep and Fidelcrest.
About Sarah Edwards
Sarah Edwards is a finance writer passionate about helping people learn more about what’s needed to achieve their financial goals. She has nearly a decade of writing experience focused on budgeting, investment strategies, retirement and industry trends. Her work has been published on NerdWallet and FinImpact.