Traders With Edge

My Forex Funds Alternative & Comparison

My Forex Funds Alternative and Comparison. That’s what we’re covering in this video, and we’re going to compare it with Traders With Edge.

Up the top here, you see we’ve got the Prop Firm and the Challenge type. We’ve got the Traders With Edge Turtle account, the Traders With Edge Hare and My Forex Funds Evaluation account because they’re the most similar challenges. You can see the account size that we’re comparing is $100K across the board. The max account size after scaling is $3 million on both Traders With Edge accounts and just $1.5 million on the My Forex Funds account. Both the Traders With Edge accounts have rapid scaling available. If you are on our website, you go over to Challenges, Scaling Plans. You will then see a page that looks like this up the top here. It has the definitions of the two different scaling plans that we offer. There’s a video that covers it in more detail, and then a couple different examples that show the Traditional scaling plan versus the Rapid scaling plan and just how much bigger your account grows faster.

Next, we’ve got the number of phases. The number of phases in the Turtle challenge is a one-step challenge. So as soon as you hit the first profit goal, then you have passed the challenge and you are funded. Both the Traders With Edge Hare and the My Forex Funds Evaluation are both a two-phase evaluation. The prices you can see vary from $750 on the Traders With Edge Turtle. It’s a little bit more expensive because it is a one-step challenge. The two-step challenges always typically tend to be cheaper. While the My Forex Funds Evaluation is cheaper than the Traders With Edge Hare, you need to consider that the maximum account size after scaling is twice that on Traders With Edge as what it is with My Forex Funds. The fee is not refundable on the Turtle account because it is a one-step challenge. It is refundable on both the Traders With Edge Hare and the My Forex Funds accounts. Once you receive your first payout, your fee is refunded with that.

The targets for phase one on both the Traders With Edge accounts is 10%. The target on My Forex Funds is 8%. The phase two, there is no target for the Turtle because you’re already trading a funded account by this stage. Both the Traders With Edge Hare and the My Forex Funds are both 5% target for phase two. The maximum drawdown is 5% on the Turtle, 10% on the Hare and 12% on the My Forex Funds. The daily drawdown is 2.5% on the Turtle, 5% on both the Hare and the My Forex Funds. The profit share on Traders With Edge is 80% from as soon as you’re funded. With the My Forex Funds, you actually start with 75% for the first month. Then they move you to 80% payout split and then 85% later on. The Traders With Edge one is 80% from day one.

The minimum trading days on phase one is 10 days for Traders With Edge and it’s five days for My Forex Funds. The minimum trading days for phase two, once again, there is no minimum for the Turtle because you’d already be on a funded account and it’s the same 10 and five, respectively. The trading period for each challenge, you’ve got one year for the Turtle challenge to pass the account, whereas with the Hare and the My Forex Funds, you’ve got 30 days. The trading period for phase two, there is nothing for Turtle because you’re on a funded account. Both others is 60 days maximum.

You can hold over weekends on both the Turtle account and the My Forex Funds account, but you can’t with the Traders With Edge Hare account. Can you use EAs? Yes, you can use EAs on all accounts. You need to request approval with Traders With Edge. This is to make sure that you don’t violate the rule where a number of people are trading the exact same strategy within the firm. Every Prop Firm has this rule pretty much that says that you cannot trade the same exact strategy as other people. That means if you’ve bought an EA from a marketplace, it’s pretty likely that someone else has bought that same EA and they’re using that as well. So if you don’t request approval, then you could run the risk of having your account closed. This goes for Traders With Edge and My Forex Funds. The only difference is My Forex Funds will let you use the EA to start with and then if you’re using the same EA as someone else, then you’ll lose your account.

They all allow signals. You’re allowed to trade news on all accounts. There’s no free retry on the Turtle account. The reason being is because you’ve got a year to pass the challenge so there should be no reason to need a free retry. If you can’t pass the challenge within a year, then you probably shouldn’t be doing the challenge in the first place. Can you trade Forex? Yes. Digital currencies? Yes, you can on Traders With Edge, but you can’t on My Forex Funds. Can you trade commodities? Yes, on all accounts. You can trade indices on all accounts. Trading share and stock CFDs? Yes, you can on Traders With Edge, but you can’t on My Forex Funds.

Does My Forex Funds have trading competitions? Currently, they don’t. With Traders With Edge, you can sign up and compete against other traders and trade a demo account. We’ll monitor the accounts and at the end of the month, whoever has achieved the most profits without violating any rules, they will typically win a challenge account. Do they have giveaways? My Forex Funds don’t typically, you have giveaways that we’ve seen. Traders With Edge, on the other hand, we do run regular giveaways. A giveaway that we have running currently, you can enter a prize draw just with your name and email address to win one of three $50,000 Prop Challenge accounts. By the time you see this video, this prize draw may or may not still be available, but this is an example of prize draws that we run from time to time.

Do they have trader education? Yes, both firms have trader education. The affiliate program pays up to 20% lifetime with Traders With Edge. So that means if someone purchases today, you get an affiliate commission. If that same person purchases in a year or two years from now, you’ll still get an affiliate commission so it’s kind of like a passive income. With My Forex Funds, they pay 5% for referral and I do believe that they pay for the lifetime of the client.

That concludes our My Forex Funds Comparison with Traders With Edge. If you’ve got any questions or comments, please post them below or contact us through the live chat on the website.

My Forex Funds was founded in July of 2020. It is a trader centric prop firm. The company started with the vision of assisting traders and helping them grow, carrying the motto they live by which is “Your Success is Our Business”. Having that vision to serve traders, it gave birth to My Forex Funds and allowed the company to move forward despite the challenges they went through.

The company strives to provide programs, services and information that assists people interested in the Forex, CFDs or commodities markets to become more self-sustainable and efficient when trading. The company’s desire to care about their people is one of the reasons they continue to move forward.

They also refer to all of their traders including those who have not entered to their programs as part of the My Forex Funds Family and they welcome them with open arms and dialogue should they wish to embark on their career.

My Forex Funds does not directly solicit customers from Canada. They also don’t take into consideration the trader’s personal financial situation as an obstacle to forward their goals.

My Forex Funds is located in Toronto, Ontario, Canada. It is owned and founded by Anurag Jaiswal who is also the acting Chief Executive Officer at Sunshine Info Solutions. Inc.

Prop Firm/Challenge

Size
  • Max Account Size After Scaling
  • Rapid Scaling
  • Number Of Phases
  • Price: $USD
  • Refundable Fee
  • Target Phase 1
  • Target Phase 2
  • Maximum Drawdown
  • Daily Drawdown
  • Profit Share
  • Minimum Trading Days Phase 1
  • Minimum Trading Days Phase 2
  • Trading Period Phase 1
  • Trading Period Phase 2
  • Hold Over Weekends
  • Use EA’s
  • Allow Signals
  • Allow News Trading
  • Free Retry
  • Trade FX
  • Trade Digital Currencies
  • Trade Commodities
  • Trade Indices
  • Trade Share/Stock CFDs
  • Trading Competitions
  • Giveaways
  • Trader Education
  • Affiliate Program Pays

Traders With
Edge Turtle

$ 100K
  • $3 Million
  • Yes
  • 1
  • $750.00
  • 10%
  • N/A
  • 5%
  • 2.50%
  • 80%
  • 10
  • N/A
  • 365
  • N/A
  • Yes
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

Traders with
edge hare

$ 100K
  • $3 Million
  • Yes
  • 2
  • $590.00
  • Yes
  • 10%
  • 5%
  • 10%
  • 5%
  • 80%
  • 10
  • 10
  • 30
  • 60
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

My Forex Funds Evaluation

$ 100K
  • $1.5 Million
  • 2
  • $499.00
  • Yes
  • 8%
  • 5%
  • 12%
  • 5%
  • Up To 85%
  • 5
  • 5
  • 30
  • 60
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 15%

Choose your account type

feedback_mix.png

Feedback

We'd love to hear your feedback on how we can improve. Please let us know any issues with the website or suggestions on how we can make Traders With Edge #1.
If you want to leave your email so we can follow up, it's optional.
[gravityform id="17" title="false"]
[vgoAlias]
[vgoAlias]
[^;]
[^;]
[(d+)]
[(d+)]
[elem.name]
[elem.name]
[+_a-z0-9-'&=]
[+_a-z0-9-'&=]
[+_a-z0-9-']
[+_a-z0-9-']
[a-z0-9-]
[a-z0-9-]
[a-z]
[a-z]
[el.name]
[el.name]
[class^="wpforms-"]
[class^="wpforms-"]