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My Forex Funds vs Traders With Edge – Full Comparison

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My Forex Funds

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In this article, we’ll be comparing two prop firms, My Forex Funds and Traders With Edge.

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 My Forex Funds Traders With Edge
Year Founded 2020 2022
Offices Location Canada USA
Maximum Balance $2,000,000 $3,000,000
Keep First Profits Challenge Fee

Instruments

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

Instruments CFDs My Forex Funds Traders With Edge
Forex
Indices
Metals
Commodities
Stocks
Crypto
Instruments Futures My Forex Funds Traders With Edge
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 My Forex Funds and Traders With Edge different program types.

Prop Firm Programs My Forex Funds Traders With Edge
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 My Forex FundsMy Forex FundsMy Forex FundsTraders With EdgeTraders With Edge
Program Name RapidAccelerated ConventionalAccelerated EmphaticInstant StandardInstant Aggressive
Profit Target 10%20%10%20%
Max Daily Loss
Max Daily Drawdown 5%
Max Loss 12%5%10%5%10%
Max Drawdown
Minimum Trading Days 3/week55
Maximum Trading Days 180180
Profit Split 12%50%50%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 My Forex Funds and Traders With Edge prop firms.

One Step Rules My Forex FundsTraders With EdgeTraders With Edge
Program Name N/ATurtle StandardTurtle Aggressive
Profit Target 10%20%
Max Daily Loss
Max Daily Drawdown 2.5%5%
Max Loss
Max Drawdown 5%:10%
Minimum Trading Days 1010
Maximum Trading Days 365365
Profit Split 80%80%

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 My Forex Funds and Traders With Edge.

Two Step Rules My Forex FundsTraders With EdgeTraders With Edge
Program Name EvaluationHare StandardHare Aggressive
Profit Target Step 1 8%10%20%
Profit Target Step 2 5%5%10%
Max Daily Loss
Max Daily Drawdown 5%10%20%
Max Loss 12%
Max Drawdown 10%20%
Min Trading Days Step 1 555
Min Trading Days Step 2 555
Max Trading Days Step 1 306060
Max Trading Days Step 2 606060
Profit Split 75%, up to 85%80%80%

Trustpilot Reviews

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

Here is the rating that My Forex Funds and Traders With Edge have on Trustpilot.

Trustpilot Stats My Forex Funds Traders With Edge
Stars
Trustpilot Rating 4.9/5.0 4.6/5.0
Number of Reviews 12,146 150

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 My Forex Funds and Traders With Edge prop firms.

Free Stuff My Forex Funds Traders With Edge
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 My Forex Funds and Traders With Edge prop firms.

Trading Styles My Forex Funds Traders With Edge
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 My Forex Funds and Traders With Edge.

Trading Hours My Forex Funds Traders With Edge
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 My Forex Funds and Traders With Edge.

Supported Platforms My Forex Funds Traders With Edge
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 My Forex Funds and Traders With Edge prop firms.

Leverage CFDs My Forex FundsMy Forex FundsMy Forex FundsMy Forex FundsTraders With EdgeTraders With Edge
Program Name EvaluationRapidAccelerated ConventionalAccelerated EmphaticStandardAggressive
Forex 1:1001:5001:501:1001:20, up to 1:401:50, up to 1:100
Indices 1:1001:5001:501:1001:20, up to 1:401:50, up to 1:100
Metals 1:1001:5001:501:1001:20, up to 1:401:50, up to 1:100
Commodities 1:1001:5001:501:1001:20, up to 1:401:50, up to 1:100
Stocks 1:20, up to 1:401:50, up to 1:100
Crypto 1:51:51:51:51:20, up to 1:401:50, up to 1:100
Leverage Futures My Forex FundsMy Forex FundsMy Forex FundsMy Forex FundsTraders With EdgeTraders With Edge
Program Name EvaluationRapidAccelerated ConventionalAccelerated EmphaticStandardAggressive
Futures

Payments

Proprietary firms have several ways of payment.

Here’s a table with the comparison between the payment methods accepted by My Forex Funds and Traders With Edge.

Payment Types My Forex Funds Traders With Edge
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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