. FundedFirm and My Forex Funds are two highly popular proprietary trading firms that provide traders with capital to trade, without risking their own money. This blog will provide an in-depth comparison of FundedFirm and My Forex Funds so you can make an informed decision on which platform suits your trading style, goals, and preferences.

What is a Funded Account?

A funded account is a trading account backed by a proprietary trading firm, where the firm provides the capital for trading while the trader manages the risk and executes trades. Traders keep a large portion of the profits while having limited downside risk because they aren’t risking their personal funds. This model offers an enticing opportunity for skilled forex and CFD traders to scale their earnings with professional funding and risk management structures.

FundedFirm Overview

FundedFirm has quickly established itself as one of the top choices for forex traders looking for quick, simple access to trading capital through a streamlined trading evaluation process. With its Indian trader focus, FundedFirm offers flexible funding options, multiple trading platforms (MT4, MT5, and cTrader), and a clear, trader-friendly rule set. Key highlights include:

• One-step evaluation for rapid funding access

• Profit splits up to 100% for paid payout plans

• Trading instruments including forex, indices, commodities, and cryptocurrencies

• Flexible payouts weekly, biweekly, or monthly

• Indian-friendly payment methods and localized support

• Fee refunds after meeting payout thresholds

The core advantage of FundedFirm is its speed and transparency in getting traders funded and trading in real markets without prolonged evaluation processes.​

My Forex Funds Overview

My Forex Funds is another leading prop firm alternative, known for its tiered challenge programs—Rapid, Evaluation, and Accelerated—that cater to traders at various experience levels. Founded in 2020, it has quickly gained global popularity by offering:

• Two-step evaluation challenges

• Profit splits starting at 75% progressing to 85% after consistent trading

• Trading allowed during news events with some restrictions on holding trades over weekends

• Leverage up to 1:500 on certain accounts

• Forex, indices, and commodity CFDs supported

• No time limits to complete evaluation challenges

My Forex Funds offers more trading flexibility with multiple paths to funding but requires traders to pass challenges that may take longer to complete compared to FundedFirm.​

Evaluation Process Comparison

A major differentiator is the evaluation process required before receiving a funded account.

• FundedFirm offers a one-step evaluation where traders pay an evaluation fee, meet profit targets without breaching risk limits, and gain funding once successful. This is ideal for traders wanting immediate access to a funded account without jumping through multiple hoops.​

• My Forex Funds requires a two-step evaluation for most accounts. Traders must pass phase one and phase two challenges, hitting various profit targets and maintaining drawdown limits. This approach ensures a thorough vetting of a trader’s skill but can extend the time before getting a funded account.​

The simpler and faster one-step challenge of FundedFirm often appeals to traders who want their funded account quickly to start trading real capital.

Account Sizes and Scaling Options

Capital allocation and growth potential are important factors when selecting a funded account.

• FundedFirm offers accounts ranging from smaller sizes up to $500,000, with the opportunity to scale funding as traders prove consistent profitability. The focus is on manageable capital to get traders started and grow steadily.​

• My Forex Funds provides account sizes starting at around $10,000, with the ability to scale up to $2 million for the most successful traders. This makes it attractive for aggressive traders seeking larger capital and rapid growth.​

For traders focused on steady growth and realistic capital allocation, FundedFirm’s tiered scaling might be more practical. For those aiming for large-scale trading, My Forex Funds offers more room to grow within their programs.

Profit Splits and Payouts

How much profit you keep from your funded account trading is essential.

• FundedFirm offers payout plans with profit splits up to 100% on monthly payouts, with slightly lower splits on weekly and biweekly schedules. After the evaluation fee is refunded on the 4th payout, traders can maximize their earnings quickly.​

• My Forex Funds offers profit splits that start at 75% during the first month, increasing to 85% in later months, according to their challenge phase progression. The payout schedule depends on the chosen account and program.​

Traders wanting the highest immediate profit share may find FundedFirm more rewarding, while My Forex Funds is generous but has a built-in incremental performance reward mechanism.

Trading Instruments and Platforms

Instrument diversity and platform usability impact daily trading effectiveness.

• FundedFirm supports a wide variety of assets including forex pairs, precious metals, indices, commodities, and cryptocurrencies on popular platforms MT4, MT5, and cTrader.​

• My Forex Funds focuses primarily on Forex, indices, and commodities accessible on MT4 and MT5. It provides leverage up to 1:500 on Rapid accounts for forex and CFDs, adding to flexibility in trading style.​

Both platforms accommodate forex traders well, but FundedFirm’s broader platform support can be advantageous for traders preferring cTrader or multi-platform setups.

Trading Rules and Risk Management

Traders must adhere to rules designed to protect the firm’s capital.

• FundedFirm emphasizes transparent and simple risk rules with daily and overall drawdowns that are clearly communicated. Traders are allowed to hold trades overnight and on weekends depending on their payout plan.​

• My Forex Funds applies strict drawdown limits, daily losses, and specific consistency rules, especially in its challenge phases. Some accounts restrict weekend trading, limiting flexibility for some strategies.​

FundedFirm’s more straightforward rules help traders focus on consistency without worrying about complex exceptions.

Customer Support and Community

A strong trader support system assists your funded account journey.

• FundedFirm is renowned for responsive customer support tailored for Indian and global traders, with educational resources and a growing community.​

• My Forex Funds, while also offering global support, receives mixed reviews regarding customer interactions. It has a solid trader base but less localized focus.​

Traders valuing personal, localized support may prefer FundedFirm, especially in the Indian market.

Summary Table

Conclusion: Which Funded Account Should You Choose?

Both FundedFirm and My Forex Funds provide excellent funded account opportunities, but each caters to different trader preferences:

• Choose FundedFirm if you want rapid funding with a simple, transparent one-step evaluation, access to multiple trading platforms including cTrader, Indian-friendly support, and the chance to earn up to 100% profit splits quickly. It is especially ideal for traders who prefer ease and speed in getting fully funded.

• Opt for My Forex Funds if you seek larger starting capital and scaling potential up to $2 million, are comfortable with a two-phase challenge process, and want leverage options up to 1:500. It suits intermediate to advanced traders aiming for high-volume trading with a structured challenge approach.

Traders can maximize their success by evaluating their own trading style, time availability for challenges, and capital goals before selecting the best funded account program.