FTMO vs MyFundedFX: In-Depth Prop Firm Comparison (2024)

FTMO vs MyFundedFX: Comprehensive Prop Firm Comparison

FTMO and MyFundedFX are two of the most discussed prop trading firms in 2024. Both offer funded accounts, high leverage, and a range of instruments, but the similarities end there. Their rules, profit splits, scaling, and challenge structures differ in ways that matter for your bottom line—and your trading style.

At-a-Glance Comparison

Account Sizes & Challenge Costs

FTMO

• Account sizes: $10K, $25K, $50K, $100K, $200K
• Challenge fees: $155 (10K) to $1,080 (200K)

FTMO’s pricing is on the higher end, especially at $1,080 for a $200K account. There is no $300K option. For traders looking to scale beyond $200K, you’ll need to pass multiple challenges and then use FTMO’s scaling plan.

MyFundedFX

• Account sizes: $5K, $10K, $25K, $50K, $100K, $200K, $300K
• Challenge fees: $49 (5K) to $1,499 (300K)

MyFundedFX offers a rare $300K starting account, but the fee is steep at $1,499. For smaller accounts, the entry cost is lower than FTMO. This flexibility makes it attractive for traders wanting to run larger positions from day one, but be mindful: larger accounts mean tighter drawdown pressure in dollar terms.

Profit Targets, Drawdowns & Splits: How Tough Are the Rules?

Profit Targets

• FTMO: 10% in Phase 1 (within 30 days), then 5% in Phase 2 (within 60 days)
• MyFundedFX: 8% (unlimited time for most plans)

FTMO’s 10% target is among the highest in the industry and must be hit in 30 days. MyFundedFX’s 8% target may sound easier, and there’s no time limit, but the shorter minimum trading days (3) means you can technically pass faster—if you’re aggressive.

Drawdown Rules

• FTMO: 5% daily, 10% max (e.g., $2,500/day and $5,000 max loss on a $50K account)
• MyFundedFX: 5% daily, 8% max (e.g., $2,500/day and $4,000 max loss on a $50K account)

MyFundedFX is less forgiving on overall drawdown. That 2% difference means you have $1,000 less room on a $50K account before you’re out. In volatile markets, this can be the difference between passing and failing.

Profit Splits

• FTMO: 80/20, scaling up to 90/10 after consistent performance
• MyFundedFX: 80/20, scaling up to 92.75% on select plans

Both start at 80/20, but MyFundedFX’s top split is slightly higher. However, getting to 92.75% requires specific plan choices and consistent performance. FTMO’s scaling to 90/10 is more standardized, but still requires several months of profitable trading.

Challenge Formats & Evaluation Process

FTMO: The Classic Two-Step Challenge

• Phase 1: 10% profit target in 30 days, 5% daily/10% total drawdown, min. 4 trading days
• Phase 2: 5% profit target in 60 days, same drawdown, min. 4 trading days
• Free retake if you meet rules but not the target

FTMO’s process is strict but transparent: two phases, clear targets, and a retake safety net. The time pressure is real—many traders fail due to the 30-day clock and the need to balance risk-taking with survival.

MyFundedFX: Flexible Formats

• Offers 1-step, 2-step, and 3-step challenges
• 1-step: 8% target, 8% max drawdown, 3 trading days minimum, unlimited time
• Rules and splits vary by format—read the terms carefully

The flexibility is a major draw. If you want to skip the second phase or need more time, MyFundedFX is hard to beat. However, each format has unique caveats (e.g., tighter rules or lower splits on some lower-cost plans). This variety can be confusing, and it’s easy to misread the fine print.

Scaling & Long-Term Growth

FTMO

• Scaling up to $2 million after 4 months of consistent profits
• Must meet profit targets and follow rules—scaling isn’t automatic
• Can combine multiple accounts to reach higher notional capital

FTMO’s scaling plan is among the most generous in the industry. For traders with a long-term mindset, the ability to grow from $100K or $200K all the way to $2M is a huge edge. But you need to show steady profits and discipline—one rule break can set you back months.

MyFundedFX

• Scaling up to $600K (across accounts)
• Some plans allow $300K from day one, but total cap is lower than FTMO

MyFundedFX’s $600K ceiling is solid, especially for newer traders or those who want to start big. But if you’re aiming to manage $1M+ in firm capital, FTMO is the only path here. Also, scaling rules can vary by plan—double-check your chosen format.

Tradable Instruments & Platform Flexibility

• FTMO: Forex, Indices, Commodities, Crypto, Stocks
• MyFundedFX: Forex, Indices, Commodities, Crypto

FTMO stands out by offering stocks alongside the usual asset classes. If you want to diversify into equities, it’s the only option here. Both firms allow algorithmic trading (EAs), news trading, and weekend holding, but FTMO restricts swing trading during news.

Payouts & Reliability

• FTMO: Reliable monthly payouts, strong track record
• MyFundedFX: Payouts up to 92.75% on select plans, but less historical data

FTMO’s reputation for consistent payouts is a major draw, especially for traders who depend on monthly withdrawals. MyFundedFX’s higher top split is enticing, but as a newer firm, long-term reliability is less proven. Also, some traders have reported variable customer support response times at MyFundedFX.

Educational Resources & Support

• FTMO: Extensive educational materials, analytics, and trader support
• MyFundedFX: More limited education, support quality can vary

If you’re new to prop trading or want to improve your performance, FTMO’s resources are among the best. MyFundedFX is more bare-bones—fine if you’re experienced, but less helpful for those wanting guidance or feedback.

Who Should Choose FTMO?

• Traders seeking long-term scaling up to $2M
• Those who value firm reputation and payout reliability
• Traders who want to trade stocks as well as FX/CFDs
• Anyone looking for robust educational support

The main trade-off: FTMO’s evaluation is strict and the upfront cost is higher, but the drawdown rules are more forgiving and the long-term upside is unmatched.

Who Should Choose MyFundedFX?

• Traders who want a $300K account from day one
• Those who prefer a lower profit target and unlimited time
• Experienced traders who can manage tighter drawdowns
• Anyone wanting flexible challenge formats (1-step, 2-step, 3-step)

Trade-off: MyFundedFX’s tighter drawdown and newer status mean more risk if you’re scaling up large, but the lower barrier to entry and flexibility are major pluses for self-directed, fast movers.

Non-Obvious Trade-Offs & Hidden Risks

• FTMO’s higher fees and harder challenge mean many traders fail on the first attempt. Budget for multiple tries.
• MyFundedFX’s unlimited time can encourage overtrading or risk creep—discipline is still required.
• FTMO’s scaling is only for consistent, rule-abiding traders. One mistake can reset your progress.
• MyFundedFX’s multiple challenge formats are a double-edged sword: flexibility, but also potential for confusion and misrule violations.
• Firm reliability and payout speed can change—always check recent trader reviews and health grades.

Bottom Line: Which Prop Firm Wins?

Both FTMO and MyFundedFX are strong options, but they serve different trader profiles.

• Choose FTMO if you want maximum scaling potential, a proven track record, and the ability to trade stocks. Be ready for a tougher challenge and higher upfront fees.
• Choose MyFundedFX if you want flexible challenge formats, a lower profit target, and the option to start with a $300K account. Accept the tighter drawdown and newer firm risk.

Neither firm is "better" across the board—the best choice depends on your risk tolerance, trading style, and long-term goals. Model your plan, read the fine print, and use PropSurvivalEngine’s tools to make a data-driven decision. The difference between a 10% and 8% drawdown, or a 2% higher profit split, can make or break your prop trading journey.