You might want an alternative to MyFundedFX because of certain limitations that could affect your trading experience. For instance, if you prefer a wider range of payment options or if the minimum account size of $5,000 is too high for your budget, you might find these requirements restrictive. Additionally, if you're looking for real-market trading conditions rather than a simulated environment, you may want to explore other proprietary trading firms that offer live trading opportunities, as simulated trading might not suit all traders.
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When searching for a MyFundedFX alternative, consider the following factors:
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.
SabioTrade burst into the industry with a number of unique features, thanks to which it immediately received positive feedback and is now actively expanding its base of traders. SabioTrade has a low barrier to entry due to cheap plans, a free 7-day Trial account, a 1-step assessment and a lot of free training materials. There is no time limit for assessment, and payments can be requested as soon as you make your first profit, with no minimum trading days or withdrawal amount restrictions.
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.