Find out the major disadvantages of My Forex Funds Proprietary Trading Firms and alternatives with lower fees and more security. Unbiased My Forex Funds Alternatives reviews.
So which Proprietary Trading Firms are better than My Forex Funds? Want to jump straight to the answer? OspreyFX is the best alternative broker to My Forex Funds for December 2022

Rating breakdown

Challenge difficulty
50%
2.5/5
Support
60%
3.0/5
Trading Fees
70%
3.5/5
Payout scheme
60%
3.0/5

Things we didn't like:

 No weekend customer support
 Excessive trading rules
 Complaints of high slippage
 Software malfunctions

Why would you want an alternative to MY FOREX FUNDS?

As the above denotes, where My Forex Funds stands out in negative light from its peers is with the rules. Nearly all the prop firm challenges come with some restrictions, but My Forex Funds are undeniably on the rule-heavy end of the spectrum. Sure, they are generous with weekend trading and there are over 100 instruments on offer, but the drawdown limits will put off many a trader. Each program – and account size therein – comes with its own set of complex rules and restrictions, and traders would be well-advised to do their homework before deciding if this prop firm is right for them.

What to look for in a MY FOREX FUNDS Alternative?

With the above in mind, here is what we would suggest as an alternative to My Forex Funds: a propriety trading firm which fills in the gaps above. Ideally you want to keep the good and add the missing features.

Best MY FOREX FUNDS alternatives – Proprietary Trading Firms like (or better than) MY FOREX FUNDS

4.3 / 5

Rating breakdown

Challenge difficulty
90%
4.5/5
Support
80%
4.0/5
Trading Fees
90%
4.5/5
Payout scheme
80%
4.0/5

Things we liked:

 15% Exclusive Discount Code (SBOCOUPON)
  The OspreyFX team is reliable and helpful
 highly transparent - easy track and analyze results

Things we didn't like:

 Relatively new player in the funded account offering
 An entry fee to sign up for the challenge.

#1
OspreyFX Overview

OspreyFX is a powerhouse broker that offers leverage of up to 1:500 to trade forex, crypto, stocks, or more. They recently launched the OspreyFX Funded Account Challenge, a chance for traders to manage $100,000 with zero risk.

3.6 / 5

Rating breakdown

Challenge difficulty
90%
4.5/5
Support
50%
2.5/5
Trading Fees
60%
3.0/5
Payout scheme
90%
4.5/5

Things we liked:

 FTMO charges a one-time fee only
 FTMO has generous conditions for its traders

Things we didn't like:

 Complaints about the platform freezing
 Complaints about lack of customer support

#2
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.

3.5 / 5

Rating breakdown

Challenge difficulty
90%
4.5/5
Support
40%
2.0/5
Trading Fees
70%
3.5/5
Payout scheme
80%
4.0/5

Things we liked:

  it takes a low percentage cut on your profits

Things we didn't like:

 Not one-off payment
  Challenges perceived to be too hard or pointless

#3
Topstep Overview

Founded in 2012, TopstepForex has become one of the biggest proprietary trading sites online. Topstep FX is based in the USA, but it is available for everyone to use worldwide. Traders are invited to join their "forex funded trader program," which gives them the chance to use Topstep FX's money (and gain a healthy cut of the profits), without risking their capital.

My Forex Funds Alternatives Frequently Asked Questions (FAQs):

Are there any sites like My Forex Funds?
Yes, there are many sites offering similar services like My Forex Funds. Those include Earn2Trade, FidelCrest and many more. If you are to look for an alternative to My Forex Funds for your crypto trading needs, then you must make sure it is one with a better offering.

Are you Satisfied with what They Offer?