Der Markt der Remote Proptrading Firmen hat vor einigen Wochen einen wichtigen Player verloren - MFF myForexFunds oder wie es betroffene Händler sarkastisch formulieren: MFF myFrozenFunds.
Forex and CFD providers enjoy very high popularity, especially among traders in the Arab and Asian regions, as the entry barriers are very low and the profit prospects are very high. A look at the subscribers of the social media channels of FTMO, The Funded Trader and Co. reveals the gap between the specialists in futures and Forex/CFDs. FTMO with 100,000 subscribers on YouTube alone and The Funded Trader with 62,000 subscribers. Even The5%ers come to almost 21,000. 210,000 users follow FTMO on Instagram.
Dagegen sind 7.090 Follower bei Instagram für Apex Trader Funding und 10.000 Abonnenten auf Youtube für das Team um Darrell Martin eher Regionalliga...
Futures vs Forex & CFDs
So the big business is done in the markets beyond real stock exchanges, which is also a miracle.
Now, far be it from me to make recommendations here from the multitude of CFD booths from overseas, let alone to promote them as an affiliate. A certain restraint, fed by common sense and many years of experience seems to be required here. However, it should not be overlooked that the majority of those interested in remote proptrading, conditioned by the local CFD industry, rather go for Forex and CFDs than compete in the Champions League, the trading of futures on the futures exchanges of this world. So when it comes to CFDs, for me there are only two companies that I can recommend without a guilty conscience. The Trading Pit and FTMO. About the reasons for the two I had already written here in the blog several times.
But if you want to choose one of them, the choice is not easy. However, I would like to give you a little help with the following comparison.
Accounts from $10,000 to $200,000 are available at FTMO.
The Trading Pit reduces the offers for CFDs to 4 starting sizes. These are here from €10,000 to €100,000.
So something clearer and more streamlined.
As a reference, I will use a $50,000 or €50,000 account. These are roughly comparable and the comparison is therefore quite fair. So let's look a little deeper into the offer.
The Trading Pit or FTMO ?
 |  | ||
| The Trading Pit | FTMO | FTMO | |
| Steps | 1 | 2 | |
| Profit split | 60 % - 80 % | 80 % - 90 % | |
| Challenge | Challenge | Verification | |
| Professional target | 10 % | 10 % | 5 % |
| Daily Loss | 5 % | 5 % | 5 % |
| Max. DD | 10 % | 10 % | 10 % |
| DD Type | static | static | static |
| Lever | 1:30 | 1:100 | 1:100 |
| Minimum trading period | 3 days | 4 days | 4 days |
| Duration Challenge | 90 days | unlimited | unlimited |
| Broker | FXFlat (MT4) | own server | |
| GBEBrokers (MT5) | MT4, MT5, CTrader | ||
| Swing Account | no | yes, with leverage 1:30 | |
| max. payout | 244,800 after 10 career stages | ||
| Scaling in the Funded Account | up to 1,000,000 in level 10 | Erhöhung um 25% - Voraussetzung: alle 4 Monate Steigerung um 10 %; defacto nach 16 Monaten dann auf 100.000 | |
| free trial | no | yes | |
| Profile target in Funded | 8 % per stage | no | |
| Daily Loss in Funded | 5 % per stage | 5 % | |
| max DD in Funded | 10 % per level | 10 % | |
| max DD type | Trailing from equity high | static, no trailing | |
| Rules in Funded | |||
| Positions over weekend | yes | no, in swing yes | |
| Positions overnight | yes | yes | |
| Scalping | yes (> 1min) | not excluded in the GTC | |
| Newstrading | no (2 min before and after event) | no, in swing yes | |
| Copytrading | no | No indication of exclusion | |
| Expert Advisor (EA) | yes, with restrictions see GTC 21-31 | yes | |
| Fee | 399 € | 345 € | |
| Refund | yes, after stage 1 in the career plan | yes, with first payout in the Funded Account | |
| Reset | 120 € | no | |
| Extension option | 399 € | no | |
| to The Trading Pit | to FTMO |
Was nun...?
At first glance, FTMO appears to be the more convenient option:
- no time pressure in challenge and verification
- static drawdown, so not breathing down your neck with each new account high
- lower fee
- Swing account for position traders possible
The Trading Pit scores with an attractive career plan and fast payouts after reaching trading goals. The initial account size can be scaled from €50,000 to €1 million.
In addition, the path to becoming a Funded Trader is shorter at The Trading Pit. The professional target is 10% in the Challenge, whereas FTMO requires a total of 15% in both levels.
Nicht zuletzt stellt The Trading Pit seinen Händlern den Zauberkasten von Dirk Hilger kostenfrei zur Verfügung - den Stereotrader.
By the way, this also costs € 29.90 per month in the purchase version. I myself have been using it since 2016 and no longer want to do without it when trading CFDs.
MT4 and MT5 terminals
On the screenshot of my VPS you can see the Metatrader terminals of both providers with Stereotrader. However, this is my own license. The tool runs flawlessly and reliably on both platforms. The advantages are undoubtedly the possibilities for trade management and the limit pullback order of Stereotrader.
Conclusion:
Die Wahl fällt sicher nicht leicht. Jeder Anbieter hat seine Vorzüge. The Trading Pit hat jedoch einen entscheidenden Vorteil - sie kooperieren mit Brokern und sind nicht ihr eigener...
Ein Wort noch zum Argument Drawdown. Sicher bevorzugen viele ein statisches, also festes Verlustlimit. Allerdings haben beide Anbieter auch ein Tagesverlustlimit auch in den funded Accounts. Wer den bei FTMO reisst, ist also auch raus... Von daher ist der statische Drawdown als Argument auch ein ganz dünnes Seil. Im übrigen soll es ja Tradingcoaches geben, die einen Drawdown von 93 % im öffentlichen Referenzaccount als regelkonform verkaufen, um den anschließenden Zuwachs als Erfolg zu feiern. Er hätte bei beiden Anbietern keine Chance.
Has both its advantages and disadvantages.....das with the Daily DD. is true but times as an example (the time horizon is now only exemplary):
both started with 50 K and we are on day 1 at SL 48K) and high 51K ->
Day 2 SL
TTP: 49K
FTMO: 48 K
Day 3 High 51.9 K
TTP: 49.9 K
FTMO: 48 K
That's quite a difference.
From the point of view of earnings, the ideal solution (if you're really good at it) would be to take the 200 K Challenge at FTMO and generate a nice monthly income, and to "play through" the VIP Challenge at TTP.
(realistic scenario 🙂 )
Yes, each has its merits and you have to weigh whether you are up to it in the long run. Finally, FTMO also has the daily loss in it and a higher leverage (1:100). In the swing admittedly 1:30, but this tempts many to high Size. Just look at the social media channels of the FTMO'ler. Since the lots are only so bombed by the edge. Many then tears the daily loss from their dreams and then is the end with the Instaheldentum. From my point of view, the transparency and independence also speaks for The Trading Pit - they are not your counterpart.
Bis heute gibt es bei FTMO noch ne nette Aktion bei der ich zugeschlagen habe…..wer jetzt was bucht und bezahlt bekommt 90% Auszahlung
Das ist richtig, habe ich auch gesehen.
100K on YouTube is here!
What an achievement for all of us. Crossing the 100,000 organic subscriber mark on YouTube has been our goal for a long time. Now, it’s behind us, and new achievements lie ahead.
For this occasion, we have prepared a unique opportunity for everyone. All orders paid from now until 18 Oct 2023 23:59 CEST will receive a 90% Profit Split on all payouts made on their subsequent FTMO Account. Standard contractual requirements continue to apply.
Hopefully, the Silver Button is already on its way; what content would you like us to post on the way to the Golden Button?