Whether you’re a novice or an experienced trader, you want a proprietary trading firm that can get you trading with a funded account quickly and with support. That might quickly lead you to the head-to-head of My Funded Futures vs. The Funded Trader.
Both firms are known for their offerings and support, but is one better for your trading style and goals? To help you make an informed decision, here’s a detailed comparison of My Funded Futures vs. The Funded Trader.
- What Is My Funded Futures?
- Pros
- Cons
- See All 15 Items
What Is My Funded Futures?
My Funded Futures is a prop trading firm that funds traders who pass its single-step evaluation process.
The firm was founded by Matthew Leech in September 2023 in Dover, Delaware. It’s grown in stature among futures prop firms and caters to a wide range of traders, from those new to trading to more experienced hands looking to trade larger amounts of money without risking their own.
Pros
- Focused on futures trading
- One-step evaluation
- Keep the first $10,000 profit
- 90% profit split
- Considerable flexibility
Cons
- Consistency rules
- Low payout frequency
- Limited to trading futures
What Is The Funded Trader?
The Funded Trader is a simulated trading evaluation firm that offers a variety of one, two and three-step challenges before funding traders. It was founded by Angelo Ciaramello in Liberty Hill, Texas, in May 2021 and has its primary headquarters in Miami, Florida.
With The Funded Trader, you trade in a demo account. Payouts, known as “rewards,” are based on profits generated in a simulated funded trading account. The Funded Trader offers six distinct challenges: Standard, Rapid, Royal, Knight, Dragon and Knight Pro, with account sizes ranging from $5,000 to $200,000.
Pros
- Flexible account sizes
- 80% – 90% profit split
- Variety of challenges
- Unlimited trading days
- Scaling to $5 million
Cons
- Strict, automatic risk management
- Lack of educational resources
- Challenge types can be confusing
Side-by-Side Comparison
Here's a side-by-side comparison of My Funded Futures and The Funded Trader:
| Feature | My Funded Futures | The Funded Trader |
|---|---|---|
| Funding Options | Up to $150,000 | Up to $1,500,000 |
| Profit Split | 90% after $10,000; 80% up to $10,000 | 80% - 90% |
| Pricing | Starts at $80 for the $50,000 account | Starts at $49 for the $5,000 account |
| Evaluation Process | One-step evaluation | One to three-step evaluations |
| Trading Platforms | NinjaTrader, Tradovate, TradingView, others | MetaTrader 4, MetaTrader 5, TradeView |
| Scaling Plans | Yes, based on performance | Yes, based on performance |
| Account Reset Options | Available with fee | Available with fee |
| Payout Frequency | After achieving profit targets; varies by plan | After meeting profit criteria; varies by plan |
| Leverage | 1:1 for futures trading | Varies by program; up to 1:20 for CFDs |
| Risk Management | Specific daily loss limits and drawdown rules | Specific daily loss limits and drawdown rules |
| Trading Styles Allowed | Scalping, day trading, swing trading | Scalping, day trading, swing trading |
| Customer Support | Limited support; primarily online resources | Comprehensive support with educational resources |
| Mobile App | No information available | Yes |
| Trial Accounts | No information available | Yes, free trial account available |
Key Differences:
- Funding Potential: The Funded Trader offers significantly higher funding potential, up to $1,500,000, compared to My Funded Futures' $150,000.
- Profit Split: My Funded Futures provides a favorable profit split, offering 100% of profits up to $10,000 and 90% thereafter. The Funded Trader offers a profit split ranging from 80% to 90%, depending on the program.
- Pricing: My Funded Futures offers competitive pricing, starting at $80 for a $50,000 account. The Funded Trader's pricing starts at $49 for a $5,000 account, with fees varying based on the chosen program and account size.
- Evaluation Process: My Funded Futures utilizes a straightforward one-step evaluation, allowing traders to get funded quickly. The Funded Trader offers multiple evaluation paths, ranging from one to three steps, providing flexibility but potentially extending the time to funding.
- Trading Platforms: My Funded Futures supports various platforms, including NinjaTrader, Tradovate, and TradingView. The Funded Trader supports MetaTrader 4, MetaTrader 5, and TradeView, catering to traders familiar with these platforms.
- Leverage: My Funded Futures offers 1:1 leverage for futures trading, aligning with conservative risk management practices. The Funded Trader's leverage varies by program, with up to 1:20 for CFDs.
- Customer Support: My Funded Futures provides limited support, primarily through online resources. The Funded Trader offers comprehensive support, including educational resources and a mobile app for enhanced accessibility.
Comparing My Funded Futures vs. The Funded Trader
Now that you know a little more about both firms, it’s time to explore their respective features, payouts, pricing, trading platforms and funding programs.
Features
On My Funded Futures, you can only trade futures for foreign exchange (forex), agriculture, metals and indexes. My Funded Futures’ rules emphasize human-driven trading, prohibiting nearly all automated trading. Advanced market and technical analysis tools are available through the offered trading platforms.
As mentioned, you can trade forex, commodities, indexes and cryptocurrencies on The Funded Trader. The prop firm allows scalp trading, but not within two minutes of a major news event. Copy trading is only permitted on multiple accounts under your name; group trading isn’t allowed and hedging is prohibited. Charting and advanced technical indicators and analysis are available through various trading platforms.
Regarding customer service, The Funded Trader offers live chat and a link to a contact page with an email address, telephone number and link to its Discord page.
However, the company’s telephone number is buried in its privacy policy and the platforms lack in-depth resources, forcing users to rely on chat, an educational library, FAQs and searchable help articles for any issues that arise.
Payments
My Funded Futures takes payment through wire transfers, cryptocurrency and credit cards. You can receive payouts through Rise as frequently as weekly, after five winning days and maintaining consistency. The generous profit-sharing allows you to keep the first $10,000 and 90% of your earnings after that.
By contrast, The Funded Trader accepts payment by credit card and cryptocurrency and you can receive payouts (rewards) in cryptocurrency or through bank transfers.
The payout frequency varies from seven to 14 days based on your selected challenge. Depending on the challenge you purchase, your profit split can range from 75% to 95%.
Pricing
The evaluations at My Funded Futures are available in three account sizes across three plans: Starter, Expert and Milestone.
With the Starter plan, you pay a monthly fee of $80 for a $50,000 account, $150 for $100,000 and $220 for $150,000. Those accounts cost $165, $265 and $375 per month.
The Milestone plan offers lifetime access for a one-time fee. The fees are $445, $555 and $665 at their respective levels. My Funded Futures does not charge an activation fee.
With The Funded Trader, your monthly fee depends on the challenge you choose and your account size, which ranges from $5,000 to $200,000 for most challenges except the Dragon. You can pay $49 to $355 per month for accounts ranging from $5,000 to $100,000 for the Dragon challenge.
The other challenges and monthly costs for accounts from $5,000 to $200,000 are as follows: Standard is $65 –$1,135; Royal is $60 –$1,158; Rapid is $79 –$899; Knight is $59 –$939; and King Pro is $65 –$945.
Trading Platforms
The range of trading platforms offered through My Funded Futures allows traders to find their preferred platform for managing their capital. These include NinjaTrader, Tradovate, TradingView, Quantower, Volumetrica, Volsys/Volbook and ATAS.
On The Funded Trader, motivated traders will find three popular trading platforms: Metatrader 4, Metatrader 5 (the choice of savvy traders and brokers worldwide) and TradeView, which provides access to advanced analysis.
Funding Programs
My Funded Futures offers a one-stage evaluation on securing a funded trading account. Once you pass the evaluation, you’ll be funded on a simulated account, where you must consistently meet special performance levels and risk management metrics. If you succeed, you’ll be given a live account.
The Funded Trader offers several challenges, with evaluation stages ranging from one to three steps. When you pass, you get access to a simulated account for trading.
My Funded Futures vs. The Funded Trader – Which Is Best for You?
My Funded Futures and The Funded Trader are popular prop firms among traders. Whether new to trading or looking to trade larger accounts, you can find the right fit for your goals by analyzing your needs and comparing the two prop firms.
Frequently Asked Questions
Is My Funded Futures good?
With 1,699 reviews, My Funded Futures is rated “excellent” on Trustpilot, with 4.7 out of 5 stars. In just two years, the futures proprietary trading firm has grown significantly in popularity and is considered a key player among futures prop firms.
What is the payout for My Funded Futures?
You get to keep the first $10,000 profit you earn and split anything after that 90/10 with My Funded Futures – you get 90% and the company gets 10%. This favorable split is one of many features that have made the prop firm popular among traders.
How often does The Funded Trader pay out?
After your first withdrawal, the frequency of payouts or rewards, depends on the challenge and any add-ons you purchase. However, most take place within 7–14 days. You can withdraw anytime from the Knight Pro challenge if the rules on gains are met.
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.
