In this article, we’ll be comparing two prop firms, Traders With Edge and True 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||Traders With Edge||True Forex Funds|
|Keep First Profits||Challenge Fee|
Here’s a list of all instruments supported by Traders With Edge and True Forex Funds. I divided the list into two parts to show CFDs products and Futures products.
|Instruments CFDs||Traders With Edge||True Forex Funds|
|Instruments Futures||Traders With Edge||True Forex Funds|
|Foreign Exchange Futures|
|Interest Rate Futures|
Funding Program Types
Prop firms have different program types to achieve a funded account.
Here’s the resume and comparison of the Traders With Edge and True Forex Funds different program types.
|Prop Firm Programs||Traders With Edge||True Forex Funds|
|Two Step Evaluation|
Instant Funding Comparison
Instant funding programs give you access to a funded account immediately without needing to pass any challenge.
|Instant Funding Rules||Traders With Edge||Traders With Edge||True Forex Funds|
|Program Name||Instant Standard||Instant Aggressive||N/A|
|Max Daily Loss|
|Max Daily Drawdown|
|Minimum Trading Days||5||5|
|Maximum Trading Days||180||180|
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 Traders With Edge and True Forex Funds prop firms.
|One Step Rules||Traders With Edge||Traders With Edge||True Forex Funds|
|Program Name||Turtle Standard||Turtle Aggressive||N/A|
|Max Daily Loss|
|Max Daily Drawdown||2.5%||5%|
|Minimum Trading Days||10||10|
|Maximum Trading Days||365||365|
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 Traders With Edge and True Forex Funds.
|Two Step Rules||Traders With Edge||Traders With Edge||True Forex Funds|
|Program Name||Hare Standard||Hare Aggressive||Evaluation|
|Profit Target Step 1||10%||20%||8%|
|Profit Target Step 2||5%||10%||5%|
|Max Daily Loss||5%|
|Max Daily Drawdown||10%||20%|
|Min Trading Days Step 1||5||5||5|
|Min Trading Days Step 2||5||5||5|
|Max Trading Days Step 1||60||60||30|
|Max Trading Days Step 2||60||60||60|
Trustpilot is a reputable platform when it comes to reviewing products and services.
Here is the rating that Traders With Edge and True Forex Funds have on Trustpilot.
|Trustpilot Stats||Traders With Edge||True Forex Funds|
|Number of Reviews||150||931|
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 Traders With Edge and True Forex Funds prop firms.
|Free Stuff||Traders With Edge||True Forex Funds|
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 Traders With Edge and True Forex Funds prop firms.
|Trading Styles||Traders With Edge||True Forex Funds|
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 Traders With Edge and True Forex Funds.
|Trading Hours||Traders With Edge||True Forex Funds|
|Holding Over Weekend|
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 Traders With Edge and True Forex Funds.
|Supported Platforms||Traders With Edge||True Forex Funds|
|Track N Trade|
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 Traders With Edge and True Forex Funds prop firms.
|Leverage CFDs||Traders With Edge||Traders With Edge||True Forex Funds|
|Forex||1:20, up to 1:40||1:50, up to 1:100||1:100|
|Indices||1:20, up to 1:40||1:50, up to 1:100||1:100|
|Metals||1:20, up to 1:40||1:50, up to 1:100||1:100|
|Commodities||1:20, up to 1:40||1:50, up to 1:100||1:100|
|Stocks||1:20, up to 1:40||1:50, up to 1:100||1:10|
|Crypto||1:20, up to 1:40||1:50, up to 1:100||1:5|
|Leverage Futures||Traders With Edge||Traders With Edge||True Forex Funds|
Proprietary firms have several ways of payment.
Here’s a table with the comparison between the payment methods accepted by Traders With Edge and True Forex Funds.
|Payment Types||Traders With Edge||True Forex Funds|