EXCLUSIVE: Get a FREE Trading Course

My Forex Funds vs UProfit – Full Comparison

Compare Any Prop Firm

My Forex Funds

UProfit

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

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 UProfit
Year Founded 2020 2019
Offices Location Canada Texas, USA
Maximum Balance $2,000,000 $200,000
Keep First Profits Challenge Fee $8,000

Instruments

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

Instruments CFDs My Forex Funds UProfit
Forex
Indices
Metals
Commodities
Stocks
Crypto
Instruments Futures My Forex Funds UProfit
Equity Futures
Foreign Exchange Futures
Agricultural Futures
Energy Futures
Interest Rate Futures
Metals Futures
Crypto Futures
Bonds Futures
Instruments Crypto (non-CFDs) My Forex Funds UProfit
Crypto Spot
Crypto Futures
Crypto Options

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 UProfit different program types.

Prop Firm Programs My Forex Funds UProfit
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 FundsUProfit
Program Name RapidAccelerated ConventionalAccelerated EmphaticN/A
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 My Forex Funds and UProfit prop firms.

One Step Rules My Forex FundsUProfit
Profit Target 10%-5%
Max Daily Loss
Max Daily Drawdown 8.9%-2.5%
Max Loss
Max Drawdown 3.9%-2%
Minimum Trading Days 10
Maximum Trading Days
Profit Split 50%, up to 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 UProfit.

Two Step Rules My Forex FundsUProfit
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 My Forex Funds and UProfit have on Trustpilot.

Trustpilot Stats My Forex Funds UProfit
Stars
Trustpilot Rating 0/5.0 4.7/5.0
Number of Reviews 12,146 5,617

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 UProfit prop firms.

Free Stuff My Forex Funds UProfit
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 UProfit prop firms.

Trading Styles My Forex Funds UProfit
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 UProfit.

Trading Hours My Forex Funds UProfit
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 UProfit.

Supported Platforms My Forex Funds UProfit
MT4
MT5
cTrader
TradingView
MatchTrader
DXtrade
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
Trader Evolution
EdgeProX

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 UProfit prop firms.

Leverage CFDs My Forex FundsMy Forex FundsMy Forex FundsMy Forex FundsUProfit
Program Name EvaluationRapidAccelerated ConventionalAccelerated EmphaticAll
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 My Forex FundsMy Forex FundsMy Forex FundsMy Forex FundsUProfit
Program Name EvaluationRapidAccelerated ConventionalAccelerated EmphaticAll
Futures 1:1
Crypto (non-CFDs) My Forex FundsMy Forex FundsMy Forex FundsMy Forex FundsUProfit
Program Name EvaluationRapidAccelerated ConventionalAccelerated EmphaticAll
Crypto

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 UProfit.

Payment Types My Forex Funds UProfit
Wire Transfer
Paypal
Neteller
Skrill
Crypto
Credit Card
Google Pay
Payoneer
Coinbase
Binance
Revolut
Wise
Deel Card
Nuvei
Checkout.com
Confirmo
Perfect Money
PayRetailers
Paysera

More Resources

Get My 6-day FREE Trading Course That You Can't Afford to Lose