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Apex Trader Funding vs My Forex Funds – Full Comparison

Compare Any Prop Firm

Apex Trader Funding

My Forex Funds

In this article, we’ll be comparing two prop firms, Apex Trader Funding and My Forex Funds.

Let’s look at all details.

Prop Firms General Details

In this first table, we compare the year where each prop firm was founded, where their offices are located, and how much balance you can get to trade after scaling (when applicable).

Prop Firm Details Apex Trader Funding My Forex Funds
Year Founded 2021 2020
Offices Location Austin, Texas, USA Canada
Maximum Balance $300,000 $2,000,000
Keep First Profits $25,000 Challenge Fee

Instruments

Here’s a list of all instruments supported by Apex Trader Funding and My Forex Funds. I divided the list into two parts to show CFDs products and Futures products.

Instruments CFDs Apex Trader Funding My Forex Funds
Forex
Indices
Metals
Commodities
Stocks
Crypto
Instruments Futures Apex Trader Funding My Forex Funds
Equity Futures
Foreign Exchange Futures
Agricultural Futures
Energy Futures
Interest Rate Futures
Metals Futures
Crypto Futures

Funding Program Types

Prop firms have different program types to achieve a funded account.

Here’s the resume and comparison of the Apex Trader Funding and My Forex Funds different program types.

Prop Firm Programs Apex Trader Funding My Forex Funds
One-Step Evaluation
Two Step Evaluation
Instant Funding

Instant Funding Comparison

Instant funding programs give you access to a funded account immediately without needing to pass any challenge.

Instant Funding Rules Apex Trader FundingMy Forex FundsMy Forex FundsMy Forex Funds
Program Name N/ARapidAccelerated ConventionalAccelerated Emphatic
Profit Target 10%20%
Max Daily Loss
Max Daily Drawdown 5%
Max Loss 12%5%10%
Max Drawdown
Minimum Trading Days 3/week
Maximum Trading Days
Profit Split 12%50%50%

One-Step Program Comparison

One-Step programs are programs that require a single challenge to be passed. As soon as you pass the challenge, achieving the required targets without breaking any rules, you’ll be rewarded with a funded account to trade.

Here’s the comparison table for the Apex Trader Funding and My Forex Funds prop firms.

One Step Rules Apex Trader FundingApex Trader FundingMy Forex Funds
Program Name FullStaticN/A
Profit Target 6%2%
Max Daily Loss
Max Daily Drawdown
Max Loss 0.63%
Max Drawdown 6% to 2.5%
Minimum Trading Days 77
Maximum Trading Days
Profit Split 90%90%

Two-Step Program Comparison

Two-Step programs require that you pass two different challenges before getting funded. Usually, each phase or each challenge has different targets and rules.

Here’s the comparison for Apex Trader Funding and My Forex Funds.

Two Step Rules Apex Trader FundingMy Forex Funds
Profit Target Step 1 8%
Profit Target Step 2 5%
Max Daily Loss
Max Daily Drawdown 5%
Max Loss 12%
Max Drawdown
Min Trading Days Step 1 5
Min Trading Days Step 2 5
Max Trading Days Step 1 30
Max Trading Days Step 2 60
Profit Split 75%, up to 85%

Trustpilot Reviews

Trustpilot is a reputable platform when it comes to reviewing products and services.

Here is the rating that Apex Trader Funding and My Forex Funds have on Trustpilot.

Trustpilot Stats Apex Trader Funding My Forex Funds
Stars
Trustpilot Rating 4.9/5.0 0/5.0
Number of Reviews 2,122 12,146

Free Stuff

Being able to test a prop firm before we commit and purchase is a good thing. We can get used to their trading platform, and understand spreads, commissions, and rules.

Some proprietary firms also offer free repeats in some circumstances, and also free resets, to be able to reset our account before the challenge period is over, in case things are not going as we wanted.

Here’s the comparison for Apex Trader Funding and My Forex Funds prop firms.

Free Stuff Apex Trader Funding My Forex Funds
Free Trial
Free Repeat
Free Reset

Trading Styles

Some prop firms may be better for you than others depending on your trading style. In this table, you can see the comparison between the trading styles allowed by Apex Trader Funding and My Forex Funds prop firms.

Trading Styles Apex Trader Funding My Forex Funds
Scalping
Day Trading
Swing Trading
Copy Trading
News Trading
EAs/Bots/Algos Trading
Arbitrage Trading
HFT Trading

Trading Hours

Although most proprietary firms are more oriented to day trading, some allow holding positions overnight and even on weekends.

Here’s what is allowed by Apex Trader Funding and My Forex Funds.

Trading Hours Apex Trader Funding My Forex Funds
Holding Overnight
Holding Over Weekend

Trading Platforms

We all like to use the trading platform that we are used to. For this reason, prop firms support different trading platforms.

Here’s an extensive list of the platforms supported by Apex Trader Funding and My Forex Funds.

Supported Platforms Apex Trader Funding My Forex Funds
MT4
MT5
cTrader
Proprietary
Web
NinjaTrader
Tradovate
Rithmic
TigerTrade
OptimusFlow
InsideEdge Trader
Volfix
ATAS
Overcharts
Medved Trader
Quantower
QST
ScalpTool
TSLAB
TradeNavigator
SierraChart
MultiCharts
Photon
MotiveWave
RInvestor
Bookmap X-Ray
T4
Jigsaw Daytradr
Edgeclear
Finamark
Agena Trader
QScalp
Track N Trade
eSignal
Collective2

Leverage

The leverage provided by the prop firm may be an important factor when choosing it. This is especially true for day trading or scalping, where the position size is usually significantly bigger than for swing trading.

Here’s a comparison of the leverage provided by Apex Trader Funding and My Forex Funds prop firms.

Leverage CFDs Apex Trader FundingMy Forex FundsMy Forex FundsMy Forex FundsMy Forex Funds
Program Name AllEvaluationRapidAccelerated ConventionalAccelerated Emphatic
Forex 1:1001:5001:501:100
Indices 1:1001:5001:501:100
Metals 1:1001:5001:501:100
Commodities 1:1001:5001:501:100
Stocks
Crypto 1:51:51:51:5
Leverage Futures Apex Trader FundingMy Forex FundsMy Forex FundsMy Forex FundsMy Forex Funds
Program Name AllEvaluationRapidAccelerated ConventionalAccelerated Emphatic
Futures 1:1

Payments

Proprietary firms have several ways of payment.

Here’s a table with the comparison between the payment methods accepted by Apex Trader Funding and My Forex Funds.

Payment Types Apex Trader Funding My Forex Funds
Wire Transfer
Paypal
Neteller
Skrill
Crypto
Credit Card
Google Pay
Payoneer
Coinbase
Binance
Revolut
Wise
Deel Card
Nuvei
Checkout.com
Confirmo

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