The5ers vs MyFundedFX: 2026 Prop Firm Comparison for Traders

At-a-Glance: The5ers vs MyFundedFX

Challenge Structure: Simplicity vs Flexibility

The5ers

• Standard 1-step challenge: Hit 6% profit target with 6% max drawdown (3% daily).
• Minimum 3 trading days; no time limit.
• Instant funding option available (no challenge, but higher cost and more restrictions).

This structure is simple: reach 6% profit, avoid exceeding 6%/3% drawdown, and you're funded. The unlimited time removes pressure, but the low drawdown means you must trade with precision. No EAs, news, or weekend positions allowed.

MyFundedFX

• Offers 1-step, 2-step, and 3-step challenges.
• Profit targets: 8% (some plans).
• Drawdown: up to 8% max, 5% daily (plan-dependent).
• Minimum 3 trading days; no time limit.
• News trading, weekend holding, and EAs allowed on all plans.

MyFundedFX gives traders the flexibility to choose the challenge format—potentially easier initial passing (1-step), or more forgiving risk parameters with multi-step. But rules and drawdowns do vary, so you need to read each plan's fine print. The unlimited trading period is a plus for both firms.

Challenge Costs: Upfront Fees and Account Sizes

The5ers starts at $95 for $6K, scaling to $875 for $100K. MyFundedFX ranges from $49 for $5K up to $1,499 for $300K. MyFundedFX offers more account size options, including much larger starting accounts, at a lower cost per dollar funded for most tiers.

Drawdown Rules: Tolerance and Risk Management

The5ers

• 6% max drawdown, 3% daily.
• Example: $100K account = $6,000 max loss, $3,000 daily loss.

This is among the tightest in the industry—there's little margin for error or aggressive strategies. Even a brief spike can end your challenge.

MyFundedFX

• 8% max drawdown, 5% daily (plan-dependent).
• Example: $100K account = $8,000 max loss, $5,000 daily loss.

These rules are more forgiving, especially for traders with higher risk tolerance or volatile strategies. However, some challenge types (e.g., 1-step) may have stricter limits—always check plan specifics.

Profit Split: Short-Term vs Long-Term Rewards

The5ers starts you at a 50/50 split, but you can eventually reach 100%—though that requires significant scaling and consistency. MyFundedFX offers an 80/20 split from the start, scaling up to 92.75% for top performers. For most traders, MyFundedFX's structure means higher take-home pay in the first months.

Tradable Instruments & Leverage: Breadth vs Focus

The5ers

• Forex, Metals, Indices only.
• Leverage: 1:30.
• No crypto or commodities (beyond metals).

The5ers is focused: if you only trade majors, this isn't a problem. But if you want to trade gold, oil, or Bitcoin, you're out of luck. The 1:30 leverage means you need more capital or tighter position sizing.

MyFundedFX

• Forex, Indices, Commodities, Crypto.
• Leverage: 1:100.

MyFundedFX is far broader. You can trade Bitcoin, oil, and more. The 1:100 leverage allows for more aggressive strategies and smaller capital requirements—but also increases risk of hitting drawdown faster.

Trading Rules: EAs, News, and Flexibility

MyFundedFX is much more flexible: you can use automated strategies, hold trades over weekends, and trade during high-impact news. The5ers is stricter—manual trading only, no open trades over the weekend or during news.

Payout Speed & Reliability

Neither firm has a major reputation for payout problems as of 2026. The5ers' payout process is well-established but may require more documentation, especially as you scale. MyFundedFX is newer, but most traders report timely payouts—though customer support response times can vary, especially during peak periods.

Both firms offer monthly and sometimes bi-weekly payouts, but always check the latest schedules and requirements in your contract.

Scaling: How Big Can You Grow?

The5ers

• Double account size at each milestone, up to $4 million.
• Requires consistent performance and strict risk management.

The5ers is among the highest scaling caps in the industry—if you can handle the tight drawdowns. But reaching $4M takes time and flawless discipline.

MyFundedFX

• Scale up to $600K with consistent performance.
• Multiple account merging options, but lower overall cap.

MyFundedFX allows larger starting accounts but a lower scaling ceiling. If you want to start at $200K or $300K, it's a strong option, but you won't reach $1M+ at this firm.

Who Should Choose The5ers?

• Disciplined, low-risk traders who can work within 6%/3% drawdown.
• Traders who want a simple, unlimited-time challenge with low profit targets (6%).
• Those aiming for long-term scaling up to $4M, and not needing crypto or commodities.
• Manual traders (no EAs), not reliant on news or weekend trades.
• Traders who value instant funding options (at a cost).

The5ers is a fit for methodical, risk-averse traders who want a clear path to high capital but can accept slower initial payout (50/50 split) and strict rule enforcement. If you want to build a prop career with the highest cap, and are comfortable with a limited set of instruments, it's worth considering.

For a deeper look, see our full The5ers review.

Who Should Choose MyFundedFX?

• Traders who want flexibility: EAs, news, weekends, and a broad instrument list (including crypto).
• Those seeking higher leverage (1:100) and larger starting accounts ($200K, $300K).
• Traders who want a higher initial profit split (80/20) and a more forgiving drawdown (8%/5%).
• Those who may want to experiment with different challenge formats (1-step, 2-step, 3-step).

MyFundedFX is more accessible for aggressive or algorithmic traders, or those who want to start big. If you need maximum flexibility and don't plan to scale beyond $600K, it's a strong contender. Just be sure to double-check the specific rules of your chosen challenge format.

For more details, check our MyFundedFX review.

Non-Obvious Trade-Offs: What Most Traders Miss

• Drawdown math can be deceptive: The5ers' 6%/3% limits mean a string of small losses or one spike can end your challenge, even if your strategy is profitable long-term. Use the drawdown calculator to stress-test your system.
• Profit split "100%" at The5ers isn't immediate: You start at 50/50 and must scale up to reach 100%. For most, MyFundedFX's higher initial split means more real-world payout early on.
• Instrument list matters more than most think: If your edge is in gold or crypto, The5ers simply won't work. Don't try to "force fit" your strategy to a firm's available markets.
• Unlimited time is only as good as your discipline: Both firms let you take as long as you want, but the psychological pressure of tight drawdown (The5ers) or higher leverage (MyFundedFX) can end a challenge faster than any deadline.
• Scaling up isn't for everyone: The5ers' $4M cap sounds great, but few reach it. Most traders will hit a risk ceiling or psychological barrier well before that. Know your real target.

Bottom Line: Which Firm Is Right for You?

Both The5ers and MyFundedFX offer unique strengths. The5ers is the disciplined trader's firm: strict risk, simple rules, huge scaling cap, but fewer instruments and slower initial payout. MyFundedFX is the flexible trader's firm: more markets, higher leverage, big starting accounts, and a higher initial profit split—but with a lower scaling ceiling and more variable support.