FTMO VS FUNDERPRO
Rating breakdown
FTMO Overview
FTMO is the latest in a burgeoning series of scouting programs. Propriety trading firms or “prop firms” put traders to the test (for a fee) through evaluations and challenges. The lucky few who pass are then funded with capital, and successful trades are split down a percentage with the broker. As scouting firms go, FTMO is an excellent all-rounder. Alongside a decent 80% payout for successful traders, FTMO equips users with webinars, workshops, and coaching.
Rating breakdown
FunderPro Overview
Founded in Malta in late 2022 by a group of traders and investment managers, FunderPro was born out of the need to provide an opportunity for traders to be judged on their merit without pressure or unnecessary rules. FunderPro traders can trade in their own time, for as long as they want or need, there are no deadlines looming down nor petty restrictions to trip over.Compare FTMO VS FUNDERPRO Trading Features
| Trading Feature | FTMO | FUNDERPRO |
|---|---|---|
| 💰 Fees: | The FTMO Challenge with an initial capital EUR 10k balance costs €155; 25k balance for €250; 50k balance for €345; 100k balance for €540; 200k balance for €1080; Scaling plan up to $2 million. | FunderPro offers four tiers of funded account challenges: a $25K balance costs $250, a $50K balance costs $300, a $100K balance costs $550, and a $200K balance costs $995. Scaling plan up to $5 million. |
| 🚀 Profit split: | FTMO will pay out up to 90% profit share on a monthly basis. Periodically, the firm will allocate more balance into your FTMO Account if you consistently profit. | The FunderPro funded account challenge pays out 80% of the profits. |
| ✔️ Evaluation: | “FTMO Challenge,” a two-step evaluation | FunderPro’s flagship product is a two-step evaluation. |
| 🎯 Profit Target: | 10% for Step 1 and 2 in Normal Mode. 20% for Step 1 and 10% for Step 2 in Aggressive Mode. | 10% for Stage 1 and 8% for Stage 2. |
| ⚓ Maximum drawdown (MDD): | Normal Mode: 5% Maximum daily loss. 10% Maximum loss. Aggressive Mode: 10% Maximum daily loss. 20% Maximum loss. | 10% maximum loss throughout the challenge. 8% maximum daily loss. |
| ⌛ Trading Period: | The FTMO Challenge has No time limits. | Unlimited time to complete the challenge. |
| ⚖️ Leverage: | The leverage offered is up to 1:100 (Forex) and can be lowered upon request. cannot be increased. The swing account type has leverage of 1:30 (Forex). | The leverage in FunderPro for the Regular Challenge and Funded Accounts is Forex: 1:100, Metals, Oil, and Indices: 1:50, Crypto: 1:2 |
| 🔧 Instruments: | Forex, Indices, Commodities, Cryptocurrencies and Stocks. | Forex, indices, commodities, cryptocurrencies and stocks. |
| 📰 Allow Trade News: | Yes in FTMO Challenge and Verification. After passing the Evaluation Process there are restrictions (except for Swing accounts). | No FunderPro does not allow news trading. You can close the trading before 2 minutes of high-impact news and re-open trading after 2 minutes. |
| 🔄 Weekend Position: | Yes in FTMO Challenge and Verification. After passing the Evaluation Process there are restrictions (except for Swing accounts). | No you cannot hold trades during weekend. |
After spending several days researching different Proprietary Trading Firm for funded trading accounts, our team at start-business-online.com team collected various data points. For this review, we will compare Ftmo vs Funderpro.
Compare FTMO VS FUNDERPRO Funded Trading Accounts Programs - Find the best firm for you
FTMO VS FUNDERPRO Prop Trading Firms at a glance
A handy comparison table with all the key facts for the Funded Trading Accounts Programs.
| Evaluation Metric | How they performed |
|---|---|
| Challenge Assessment | The FTMO Challenge is not a piece of cake but for a good reason. The idea behind prop firms is to headhunt expert traders. To get the most out of FTMO and begin trading with undreamed leverage, you need to be able to offer value to the company in return. On the other hand The FunderPro Challenge is simple and straightforward. Traders select their account size- $25k, $50k, $100k, or $200k. The requirements are easily followed without unnecessary complications - max daily and overall losses are fair, and traders have all the time they need to trade because there is no deadline for the challenge to be completed. |
| Customer support | This is a rather marmite issue. On the one hand, the in-depth reports and performance coaches offered to traders provide excellent support. However, there have been complaints of disgruntled users finding it hard to get a response from FTMO, so for this, we scored them at a 5. On the other hand The FunderPro team is reliable and helpful. Traders get paid weekly with a profit share every Friday. |
| Fee | The FTMO Challenge is neither free nor cheap; however, nor is it the most expensive of the prop firm challenges by a long way. Moreover, FTMO is one of the rarer scout trading sites that offers a refundable fee. On the other hand FunderPro is actually a pretty decent value for every account size. it is also focused on its traders, which could mean that they provide a better experience for their clients. |
| Payout scheme | FTMO scores highly on this metric as their payout is generous compared to some rival prop trading sites. On the other hand With FunderPro after your first payout, you will continue to receive payouts on a weekly basis. Your profit split will be 70% based on the profit you make on your funded account. While this isn't as generous a profit split as some rivals, the challenge conditions are not as strict, making it easier to come out winning. For this reason, they score highly on this metric. |
The Verdict: Ftmo or Funderpro?
There’s no such thing as a perfect Proprietary Trading Firm, but some are going to be a better fit for you than others.
Objectively, Funderpro is more reliable based on our criteria above.
What We Really Like on Funderpro
Exclusive Discount Code (20% Off Exclusive Offer)
Minimal rules & unlimited time for completion
Two-part assessment leading to $200,000 in funding
Scaling plan & fast-track funding opt
What We Do not Like on Ftmo
Complaints about the platform freezing
Complaints about lack of customer support
Other Important Factors That Influence Our decision the most
Key Challenges and Frustrations Faced by Ftmo Users
Behind this decision lie some aspects of the FTMO nature and offering, that merit improvement or cause frustration or doubts in the heads of FTMO users:
- Not the easiest and best option for beginners
Due to the fact that it offers significantly more cryptos and especially altcoins as well as offering more complex tools and additional services, FTMO is perhaps too daunting for newbies. - Delays and inaccessibility of customer support
There have been complaints about the responsiveness and availability of FTMO’s customer support, criticizing mostly that there was no direct contact phone number and that other electronic communication methods were not as responsive, often taking days to get back to is users. - Security and transparency concerns
Claims it was hacked that were later refuted and a debate on where it is headquartered, which, following the Maltese authorities’ clarification that it is not registered with them and not permitted to operate from their soil, still remains a mystery of some sort may put off some potential or even existing FTMO users off.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Funded Trading Accounts based on your precise requirements here.