FTMO vs Maverick Trading - full comparison
| Feature | FTMO | Maverick Trading |
|---|---|---|
Overall |
4.22 |
3.97 |
4.5 |
4 |
|
4.3 |
3.7 |
|
3.7 |
4.1 |
|
4.7 |
4.3 |
|
Benefits for Prop-trader |
3.9 |
3.8 |
4.2 |
3.9 |
|
|
Your capital is at risk.
|
FTMO vs Maverick Trading: pros and cons
To qualify for a funded trading account at FTMO, you must go through a rigorous three-step process: Enter the FTMO Challenge, where you must meet the profit targets within 30 days. Begin the 60-day Verification Procedure, during which you must demonstrate that you can repeat your FTMO Challenge success. After completing the two-step review procedure with the FTMO Challenge and Verification, you will be contacted by FTMO with an offer to trade their capital on accounts ranging from $10,000 to $400,000. A great fact to note is that FTMO’s stronghold is its currencies. This is the best place to consider a forex funded account, if you enjoy trading currencies. You can trade 44 currency pairs as well as 10 cryptocurrencies. Furthermore, cash indices, commodities, and stock CFDs are available for trading. The free versions of the three most popular forex trading platforms, MetaTrader 4, MetaTrader 5, and cTrader, are accessible.
Founded in 2020, My Forex Funds is a proprietary trading firm based in Toronto, Canada. More than 40,000 traders from 120 countries were funded by this firm in one year, making it one of the fastest growing firms in the industry. There are a variety of programs available that can be adapted to different profiles of traders, even one does not require prior evaluation and you start with a real funded account. A profit sharing account can reach up to 85%, with a maximum size of $2,020,000 at your disposal. There are three different programs offered by My Forex Funds available on a one-time payment basis without recurring monthly fees. Rapid accounts offer 12% profit on day one while you pass the evaluation process. A range of $10,000 to $100,000 is available for funding. There are two stages in the evaluation process for the Evaluation account (the first stage targets 8% profit, and the second stage targets 5% profit). A range of $10,000 to $100,000 is available for equally funded accounts. There is no evaluation process in the Accelerated program, where you trade with a live account from day one. Account balances range from $2,000 to $50,000 and can reach $2 million. In general, the rules for complying with this prop firm vary based on the program selected, but the most common are: Maximum drawdown of 5% per day An overall drawdown of up to 12% is allowed Minimum of one trade per day for a minimum of three days per week is required
| FTMO | Maverick Trading | |
|---|---|---|
| Overall Pros | Quite low testing cost is €155 | The company doesn’t set limits on the maximum purchasing ability, so you can increase it as your professionalism grows |
| Classic platforms such as MT4, MT5, and Ctrader are familiar to many traders. For these platforms, hundreds of indicators, scripts, and advisers have been developed | Maverick offers terms for testing trading strategies without financial risks | |
| The starting reward is 80% | Trading in Maverick Trading is carried out at the expense of the company's capital, not the trader's funds | |
| Diversification of tariff plans. Candidates can choose a demo deposit from 10 thousand to 200 thousand US dollars. There are tariff plans that span from standard to aggressive trading | ||
| Leverage is up to 1:100 | ||
| Overall Cons | Strict requirements for the test period. The allowable maximum loss is 10% of the deposit amount. The target profit is 10%, for which 1 month is provided | The company doesn’t cooperate with novice traders without trading experience |
| Strict requirements for the test period. The allowable maximum loss is 10% of the deposit amount. The target profit is 10%, for which 1 month is provided | ||
| There is no information about how the company is funded |
FTMO vs Maverick Trading - regulation and safety
| FTMO | Maverick Trading | |
|---|---|---|
Regulators |
No |
No |
Country of registration |
Czech Republic |
USA |
Year of establishment |
2014 |
1997 |
Reliability of a prop trading company largely depends on its registration and regulation. The most reliable companies operate in compliance with laws of countries with high legal culture, such as the U.S., the UK, EU countries, Australia and Singapore.
A long period of operation in the global markets and awards can also provide additional information about the company. TU compared regulation and reliability of FTMO and Maverick Trading by the above criteria.
FTMO vs Maverick Trading - trading conditions, costs and leverage
FTMO
| Trading Plan | Managed amount, USD | Min trading days / Trading period | Profit target, USD | Daily loss | Max total loss | Max leverage | Price, USD |
|---|---|---|---|---|---|---|---|
| Normal | 10 000 | 10/30 (Stage 1) 10/60 (Stage 2) | 1000 (Stage 1) 500 (Stage 2) | 5% | 10% | 155 EUR (one-time payment) | |
| 25 000 | 2500 (Stage 1) 1250 (Stage 2) | 5% | 10% | 250 EUR (one-time payment) | |||
| 50 000 | 5000 (Stage 1) 2500 (Stage 2) | 5% | 10% | 345 EUR (one-time payment) | |||
| 100 000 | 10000 (Stage 1) 5000 (Stage 2) | 5% | 10% | 1:100 | 540 EUR (one-time payment) | ||
| 200 000 | 20000 (Stage 1) 10000 (Stage 2) | 5% | 10% | 1080 EUR (one-time payment) | |||
| Aggresive | 10 000 | 2000 (Stage 1) 1000 (Stage 2) | 10% | 20% | 250 EUR (one-time payment) | ||
| 25 000 | 5000 (Stage 1) 2500 (Stage 2) | 10% | 20% | 345 EUR (one-time payment) | |||
| 50 000 | 10000 (Stage 1) 5000 (Stage 2) | 10% | 20% | 540 EUR (one-time payment) | |||
| 100 000 | 20000 (Stage 1) 10000 (Stage 2) | 10% | 20% | 1080 EUR (one-time payment) |
Maverick Trading
| Trading Plan | Managed amount, USD | Min trading days / Trading period | Profit target, USD | Daily loss | Max total loss | Max leverage | Price, USD |
|---|---|---|---|---|---|---|---|
| Qualification Program | 25 000 | Individual conditions | Individual conditions | Individual conditions | Individual conditions | Individual conditions | Depending on the experience of the trader |
Prices of offered trading plans, minimum and maximum amount under management are the most interesting aspects of a prop trading company. Risk management levels for maximum losses and profit targets also play the key role.
FTMO vs Maverick Trading - profit split
| Profit split | FTMO | Maverick Trading |
|---|---|---|
Managed amount |
up to USD 400,000 |
up to USD 800,000 |
% Profit split |
80% (with a possibility of an increase to 90%) |
up to 80% |
Profit split is one of the most interesting criteria for traders. Learn about the share of trading profit you can earn by traders with FTMO and Maverick Trading.
FTMO vs Maverick Trading - trading restrictions
| Trading restrictions | FTMO | Maverick Trading |
|---|---|---|
Scalping |
Allowed |
All conditions are agreed upon individually |
News trading |
Allowed (for Swing Account). For other account, the limitations is +/-2 minutes |
|
Algorithmic trading |
Allowed |
|
Mandatory Stop Loss |
No |
|
Mandatory position closing before the weekend |
No (for Swing Account) |
|
Other limitations |
For traders who received real equity to manage after passing the exam, there are restrictions on daily / total loss of 5% / 10% |
Some prop trading companies have limitations for certain trading strategies. There can also be limitations for trading without Stop Loss, trading position rollover to weekend, etc.s
FTMO vs Maverick Trading - trading assets
| Asset Name | FTMO | Maverick Trading |
|---|---|---|
Forex |
Yes |
Yes |
Stocks |
No |
Yes |
Metals |
Yes |
Yes |
Cryptocurrencies |
Yes |
No |
Energy |
Yes |
Yes |
Indices |
Yes |
Yes |
ETFs |
No |
No |
Bonds |
No |
Yes |
Mutual funds |
No |
No |
Stock options |
No |
Yes |
Futures Trading |
No |
No |
Others |
No |
No |
Most prop trading companies focus their trading on specific markets: stock, Forex, futures and options, and in some cases cryptocurrency. If you have a preference of a specific market, compare FTMO and Maverick Trading trading assets to make a better informed choice.
FTMO vs Maverick Trading - trading platforms
| FTMO | Maverick Trading | |
|---|---|---|
МТ4 |
Yes |
No |
МТ5 |
Yes |
No |
cTrader |
Yes |
No |
NinjaTrader |
No |
No |
Other |
No |
Affiliate Trading Platforms |
|
Your capital is at risk.
|
Trading platform is very important to many traders, particularly those who already have experience of working with trading bots and strategies on one of them. Prop trading companies mostly offer to work with MT4, MT5 and cTrader Forex trading platforms as well as proprietary platforms of large brokers. Compare trading platforms of FTMO and Maverick Trading to make the best choice.
FAQs
What amount can I get as a funded trader?
Trading plans of prop companies are developed taking into account individual financial abilities and needs of traders. As a rule, beginners are offered plans from $10,000 to $25,000. Successful traders can attract up to $1 million in management.
What percentage of trading profit can I withdraw?
As a rule, upon expiry of an established trading period, traders can withdraw from 50% to 90% of profit. Everything depends on the conditions of a specific trading plan. Prop companies often incentivize successful traders by offering them a higher percentage of payouts and additional bonuses.
Do prop trading companies operate legally?
Prop trading companies operate in the market for many years and value their reputation, therefore organizing their activities in compliance with the law. Companies from the U.S., the UK, Australia and other countries with a high legal culture are considered the most reliable.
What are the main benefits of working with a prop company?
Firstly, you will be able to raise a substantial amount for trading, which will greatly improve your possibilities and potential profit. You will be able to use less risky strategies and earn decent income. Also, prop trading companies help traders to improve their professional level by offering educational courses, seminars, and exchange of experience.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).