Don't get why there are people talking about drawdown limits as if the firms are being unreasonable. If you're gonna risk nearly your whole account then obviously you cant find a good funding firm to support you🤡
@@j_oleksa after watching the facts from this video I just discovered how humans can really best undisciplined by wanting everything on a platter of gold
The problem with my forex funds is that the draw down is equity based So if you have a 100 000 account and your profit is 5000 your daily drawdown limit will be $5250 meaning if your account gets to $99750 were is for ftmo the drawdown is Balance based meaning if your have the same account your equity is 105 000 your drawdown limit will be when your account gets to 95000 instead of 99750 that's why ftmo has a upper hand!!!
@@mistersir3185 have you done a challenge with my forex funds they reset the amount at the start of the day 00:00 they calculate 5% on the higher amount either starting balance or equity.
I preferred MFF and I actually used my own EAs (not just trade copier) on 3 of my live 200k evaluation accounts. I felt my accounts are safer with MFF because I can hold trades over weekend and trade news. For FTMO, if I accidentally open trades during news or even hit my TP or SL during news, I will lost my account. These are big down side of FTMO. I used to have 200k live account with FTMO as well.
Ref. to MFF Rule #5 (Evaluation):- "Expert Advisers & robot usage We allow Expert adviser/robot trading on your accounts. We no longer require you to send us your source code unless there is suspicion of the following: Tick scalping, Arbitrage, signals from a 3rd party, gap trading, account management services or any other services that break our other rules. Using third party expert advisers is OK so long as it is not managed or traded by another party. All signals must be your own and based on your own set up. Prop trading is about your ability to trade and not about using other peoples ability to trade."
Great breakdown! Very helpful. Not really sure what is meant by Raw Spreads but I cannot imagine them being any better than MFF. Spreads on the indices usually run about .4 of a point and on the EU less than half a pip for me (only exception is around NY close from 5-6PM EST.
Personally I think both prop firms are great , but it comes down to the type of trader that you are , also what you can afford I'm with MFF but I cant swing on MFF , but my trading is scalping so I don't mind there are some trades I would like to swing but I know it will violate the DD rule for MFF because its equity based DD , where as FTMO is Balance based DD
wow. i didnt know that about news on FTMO. How do know when there will be news? There a billion things that qualify as news. do they tell you which one is not allowed?
thanks for the video very informative, I just passed the funded trader challenge but looking at getting another account and just having MFT as a back up, FTMO looks the goods as I am a 1 min scalper.
Looks like FTMO have added some favourable perks to their accounts since the last time I checked. They had to really, MFF was whooping their butts in every category lol. Great video.
No, you can get as many as free retry as long as you green in the end of the challenge and not violated their rules. I know because i asked their customer service
Love your videos. I recommend getting a Uprofit Futures account it's much cheaper and it's a step 1 and done. Quick Withdrawals too. You can't trade pairs but you can trade the indices. I have 3 accounts myself ! I gave up on Forex prop firms much harder to pass.
I think both the firms are with the same intention. 2-staged challenge is very hard. Mostly people will fail and both firms will make money. It's better to choose something like instant funding. The5ers freestyle or traditional evaluation programs really do well. No pressure, just limit the dawdown and you are almost done.
MFF does allow EAs. They just want them to be unique and not something you have purchased off the shelf. I have traded a few challenges with them using a custom EA.
I am bringing out another video very soon with a comparison for the 5%ers, who I am currently using myself at the moment. It may be worth holding fire until you see that one to have some more info ?? All the best
You get stressed when you try to chase target. As a result you get to lose. In step 2 they ask for another insane target. Instant funding firms are trader's friendly.
I think you left out one of the most important things which is the nature of the overall draw down! ftmo is fixed and my forex funds I believe is floating. With the fixed you get the extra cushion as your account balance advances above the original starting balance but the floating you don't!
@@CL-ns7ls thanks, i asked because i read it on one of the prop firm review websites that they charge 50-60 pips during Challenge, which will make challenge quite impossible.
Hi guys can I ask please or explain if possible what does it mean 5% drawdown with mff, I'm new to this and I'm trying to understand this rules of daily drawdown and overall drawdown and I want to start with $10000 but I really don't understand the rules at all please help to explain to me. Thank you
Thanks very comprehensive comparison. Cleary for day traders and scalpers FTMO. Your comparison has convinced me to go with FTMO. Also love cTrader as FTMO's trading platform.
My forex funds is better than FTMO. Compare to FTMO 14-day extention, MFF have 30-day extension. By the way, do you or anyone use EA to pass their trading challenge?
@@MindfullyTrading yes but not all. Even most popular prop firms like MFF, TFT allow EAs. I have seen people make 80k gain on 100k account which is insane.
when you talked about drawdowns, if I haven't close my trade but reach the amount that equals to 5% of my account , the trade will be closed? I'll lose my account? Or I have till the end of the day before it happens?
hi, please do you have experience with Audacity capital? are they scam? i started with them but feels very dodgy so far....and they collect monthly fee 99 pounds...and platform did not work for many days....and started MFF 10 days ago...the experience is far more professional!
First time viewer. This was interesting...will be working my way thru your vids to discover more. I'm also a(n indices) swinger. Does MFF offer 1:100 leverage for swing traders ...? Would be interested to hear how you manage risk over the weekend and if you are able to enter/exit trades on Saturday and Sunday. Right now, I'm assuming the only way to do this is with an IG Index account ... which of course puts any hedging outside the scope of prop firm accounts.
Sir, Trading with supply & demand method on 4 H charts, is it better that the area have additional confirmation with MTF fractals. Even if S/D area gets respected OR rejected, market can still whip saw in the area & trader can still lose. Do you recommend sticking with 4H,/Daily chart S/D levels for trend direction OR is that not necessary. Market makers in forex also play their liquidity harvesting to pick pockets around these levels. We need your wisdom. And Thank you.
Lovely breakdown and analysis just a have 2 questions. 1. What is the meaning of EA 2. If one pass the 1st and 2nd stages and becomes a funded trader do you still get daily draw down and target while reading the account?
1_ EA means Expert Adviser, These are written programs to perform and calculate certain tasks and They can even place trade automatically. In other words using machine and computers to perform trading automatically. 2_ Yes , Drawdown are crucial cause they want to save their capital too. Yes targets may not matter that much, They do relaxation in targets like even if you don't get profit they don't get back funded account and gives you more time but if you reach you drawdown they get your account back.
I have a question about daily loses. In ftmo you making 5 trades start in -100 end up in +1000. In the 10k you get you max daily loss off -500 but you are in 5000+ profit. Does it count the same way in my forex funds. Thanks .
Last year, you mentioned that you blew your account with 5%ers Prop Firm. What happens when you blow a $10000 Prop Firm account? Do you have to pay the money back?
No, you are allowed to lose a certain amount daily. MFF is 5%. One you lose 5% you get kicked off the platform. You will only lose the money you pay to take the challenge. You are not liable to pay any prop firm if you lose a challenge or live account.
@@TakingShapeCreations Thanks for the reply. Does this apply after you pass the challenge and verification. Do you still get kicked off the platform once you lose 5%
can you provide details about spreads on the challenge account as i read that FTMO charge 40-50 pips spread on the challenge account? provide for all prop firm like osprey , MFF etc. thanks
Hey, what happens if I get funded and after a couple of months, I don't make it anymore and/or break one rule... Am I banned? or I can just start all over again even I made loses on the real account
Since you are overing the top 4 firms, I was thinking why you didn't have the5ers in our list? It's easy going and trader friendly firm with a massive scaling plan up to 4 million. No one else provides it.
Don't get why there are people talking about drawdown limits as if the firms are being unreasonable. If you're gonna risk nearly your whole account then obviously you cant find a good funding firm to support you🤡
You think most people are rational like yourself but it's not the case. Yah it loom me a while to realise this too 🤣
@@j_oleksa after watching the facts from this video I just discovered how humans can really best undisciplined by wanting everything on a platter of gold
@@hellyeahedeonyia2296 literally , xauusd
Your first video Made me go for MFF(never did prop firms).
I passed the challange and now i am enjoying Live account. Thank you so much ! :)
That's awesome! well done 😃
You how much have you been able to make(pure profits) so far ?
How is it going mate? Do you still have the account?
The problem with my forex funds is that the draw down is equity based
So if you have a 100 000 account and your profit is 5000 your daily drawdown limit will be $5250 meaning if your account gets to $99750 were is for ftmo the drawdown is Balance based meaning if your have the same account your equity is 105 000 your drawdown limit will be when your account gets to 95000 instead of 99750 that's why ftmo has a upper hand!!!
I don't understand
it's called trailing drawdown
@@mistersir3185 have you done a challenge with my forex funds they reset the amount at the start of the day 00:00 they calculate 5% on the higher amount either starting balance or equity.
@@DedSec44 so which one is better?
@@raysitunyama3001 I’m sorry I was wrong. You’re right.
I preferred MFF and I actually used my own EAs (not just trade copier) on 3 of my live 200k evaluation accounts. I felt my accounts are safer with MFF because I can hold trades over weekend and trade news. For FTMO, if I accidentally open trades during news or even hit my TP or SL during news, I will lost my account. These are big down side of FTMO. I used to have 200k live account with FTMO as well.
Ref. to MFF Rule #5 (Evaluation):-
"Expert Advisers & robot usage
We allow Expert adviser/robot trading on your accounts. We no longer require you to send us your source code unless there is suspicion of the following:
Tick scalping, Arbitrage, signals from a 3rd party, gap trading, account management services or any other services that break our other rules.
Using third party expert advisers is OK so long as it is not managed or traded by another party. All signals must be your own and based on your own set up.
Prop trading is about your ability to trade and not about using other peoples ability to trade."
Can I do micro scalping in my forex funds
What do you think about True Forex Funds?
What are EAs?
@@nicha2863 expert advisors, they can be alot of different things to help you but most of the time its a trading bot which i dont think mff allow
Great breakdown! Very helpful. Not really sure what is meant by Raw Spreads but I cannot imagine them being any better than MFF. Spreads on the indices usually run about .4 of a point and on the EU less than half a pip for me (only exception is around NY close from 5-6PM EST.
BUY SILVER.SILVER IODIDE IS USED FOR ARTIFICIAL RAINS.SILVER NITRATE IS USED IN ROCKET FUELS AND SIVER IN PHARMA INDUSTRY........
In ftmo... Spread on EU is 0.2
GOLD AND SILVER PRICE IS DROPPING BECAUSE ALL EQUITY STOCK COMPANYS GONE BANKRUPT THEY ARE SELLING THEIR GOLD RESERVES.....
Glad it was helpful! Raw spreads basically means very little/no spread 👍
what is the spread for us30 on MFF
Personally I think both prop firms are great , but it comes down to the type of trader that you are , also what you can afford
I'm with MFF but I cant swing on MFF , but my trading is scalping so I don't mind
there are some trades I would like to swing but I know it will violate the DD rule for MFF because its equity based DD , where as FTMO is Balance based DD
How are the spreads on MFF?
@@ultrastatic8324 very tight and good
What is the difference between equity based daily drawdown and balance based daily drawdown?
wow. i didnt know that about news on FTMO. How do know when there will be news? There a billion things that qualify as news. do they tell you which one is not allowed?
@@UnknownKnower2 they will provide you with a specific FTMO calendar
thanks for the video very informative, I just passed the funded trader challenge but looking at getting another account and just having MFT as a back up, FTMO looks the goods as I am a 1 min scalper.
Which firm is good for scalping
Looks like FTMO have added some favourable perks to their accounts since the last time I checked. They had to really, MFF was whooping their butts in every category lol. Great video.
Thanks for the comment.
Lol why not . They think it's easy to pass their challenge?
No, you can get as many as free retry as long as you green in the end of the challenge and not violated their rules. I know because i asked their customer service
Love your videos. I recommend getting a Uprofit Futures account it's much cheaper and it's a step 1 and done. Quick Withdrawals too. You can't trade pairs but you can trade the indices. I have 3 accounts myself ! I gave up on Forex prop firms much harder to pass.
Hey so glad you're enjoying the videos, thanks for sharing! 👍
Hey can you please give me ur IG or something i Wanna learn more abt upprofit
I think both the firms are with the same intention. 2-staged challenge is very hard. Mostly people will fail and both firms will make money. It's better to choose something like instant funding. The5ers freestyle or traditional evaluation programs really do well. No pressure, just limit the dawdown and you are almost done.
BUY SILVER.SILVER IODIDE IS USED FOR ARTIFICIAL RAINS.SILVER NITRATE IS USED IN ROCKET FUELS AND SIVER IN PHARMA INDUSTRY........
Yeah the 5vers are a great option with more time, I will share more about them 👍
What's instant funding?
MFF does allow EAs. They just want them to be unique and not something you have purchased off the shelf. I have traded a few challenges with them using a custom EA.
With success?
MFF does allow bot trading on the Evaluation accounts. You just can't use illegal means such as arbitrage etc
Thxs Emily, I will invest with MFF - my forex funds. have been worried about which prop firm to inest with. MFF is the way to go
I am bringing out another video very soon with a comparison for the 5%ers, who I am currently using myself at the moment. It may be worth holding fire until you see that one to have some more info ?? All the best
One thing I think you got wrong. FTMO charges a commision of $1.50 per side and $3.00 roundturn per lot
FTMO swing accounts also doesn't have restrictions on News not just weekend holdings
Thanks for sharing 👍
You get stressed when you try to chase target. As a result you get to lose. In step 2 they ask for another insane target. Instant funding firms are trader's friendly.
Thanks for the comment.
I think you left out one of the most important things which is the nature of the overall draw down! ftmo is fixed and my forex funds I believe is floating. With the fixed you get the extra cushion as your account balance advances above the original starting balance but the floating you don't!
well explained, thx!
Not correct mff has 12% overall drawdown measuring from starting balance of the challenge
@@shanghai2058 nope, it's floating
@@odioncinar3753 nope. The daily drawdown is floating not the max dd
New evaluation plan added into MFF 5K and 300K
EAs are allowed with MFF no permission required
Thanks so much Emily. I’ve been wondering what one to pick
You're so welcome! 👍
Did you make consistent income from trading now. Please reply? What's the key of success in trading.
Dedication perseverance endurance.
MFF just released $5k account and $300k account...
But $300k is only available this June
still available till end of august but I think they will be extend it again lol the have being doing since June
I personally tried FTMO and MFF, the spread from MFF is definitely better for scalping due to it being a raw spread account
This helps... MFF I just better
can you provide details with spreads on the challenge account?
@@mohammedfarhanshaikh7072 They both provide raw spread, but upon comparing, MFF spread still better by a few pipette
@@CL-ns7ls thanks, i asked because i read it on one of the prop firm review websites that they charge 50-60 pips during Challenge, which will make challenge quite impossible.
@@mohammedfarhanshaikh7072 50 to 60 pips? What do you mean?
You can also trade crypto with mff
Hi guys can I ask please or explain if possible what does it mean 5% drawdown with mff, I'm new to this and I'm trying to understand this rules of daily drawdown and overall drawdown and I want to start with $10000 but I really don't understand the rules at all please help to explain to me. Thank you
it means that if you loose more than 5% of your account in one day you blow up the account.
Great video on Pro Fund, after watching this video I will choose MFF 💕
Thank you, yes MFF are a great option 👍
Very well explained Just brilliant 👍 .
Could you make a video on swaps/swap charges on these prop firms
Thank you I'm so glad you enjoyed it, will look into it 😄
Great video!
Glad you enjoyed it
any help for trading with the correct position size? I don't know how the automated size is calculated
👉 My Forex Funds FUNDING - Use 'mindfullytrading' for a 5% DISCOUNT- mindfullytrading.com/myforexfunds
Thank you for that indepth breakdown. I believe My Forex Fund would be the best bet when I decide to go for prop firm.
You're welcome, glad it helped 👍
So well explanation and u are so pretty sister 😂😂😂
Hi Emily, well done. Presented with great speed and quaility very thorough, I like MFF keep up the great videos. 👍
Thank you so much, glad you enjoyed it! 🙏😊
I was told I need to be up at least 60% to qualify for the extension
Thanks very comprehensive comparison. Cleary for day traders and scalpers FTMO. Your comparison has convinced me to go with FTMO. Also love cTrader as FTMO's trading platform.
Glad you liked the video!
Great video. I went with my forex funds. You have the same acoustic tiles on your walls like I do. Do you make music?
Thanks for the comment. They help with the acoustics in the room for recording mainly. I do play music as well.
My forex funds is better than FTMO. Compare to FTMO 14-day extention, MFF have 30-day extension.
By the way, do you or anyone use EA to pass their trading challenge?
most prop firms are against EAs
@@MindfullyTrading yes but not all. Even most popular prop firms like MFF, TFT allow EAs. I have seen people make 80k gain on 100k account which is insane.
Thanks for making this video. It was very helpful
Good information, Thank you
MFF offers 0 commissions for indices.
when you talked about drawdowns, if I haven't close my trade but reach the amount that equals to 5% of my account , the trade will be closed? I'll lose my account? Or I have till the end of the day before it happens?
hi, please do you have experience with Audacity capital? are they scam? i started with them but feels very dodgy so far....and they collect monthly fee 99 pounds...and platform did not work for many days....and started MFF 10 days ago...the experience is far more professional!
i have reviewed them but i am preferring 5ers atm
MFF customer service is horrible and the slippage is bad as well.
Thanks for sharing 👍
Great video. Fantastic breakdown of both firms. Thank You 👍
Glad you enjoyed it! 👍😃
First time viewer. This was interesting...will be working my way thru your vids to discover more. I'm also a(n indices) swinger. Does MFF offer 1:100 leverage for swing traders ...?
Would be interested to hear how you manage risk over the weekend and if you are able to enter/exit trades on Saturday and Sunday. Right now, I'm assuming the only way to do this is with an IG Index account ... which of course puts any hedging outside the scope of prop firm accounts.
Sounds interesting. How is the payment process once funded
Hi Emily should look at doing review for the Alpha Capital Group one of only a few prop firm that comission free trading across the board
Thank you so much for all those important inf.
You're welcome 🙏
Good Comparison
Thank you 👍
Hi Emily. Please can you do a video on what you think about binary options trading. Best strategy to trade with
I don't think MFF has the EA restriction anymore
Could you share your setup for trading station? How to connect 2 external screen to your laptop? Normally we can only connect 1 Ext screen only
I use a usb adapter.
what about the second phase? does it have the rule of 10 minimum trading days too?
Sir, Trading with supply & demand method on 4 H charts, is it better that the area have additional confirmation with MTF fractals. Even if S/D area gets respected OR rejected, market can still whip saw in the area & trader can still lose. Do you recommend sticking with 4H,/Daily chart S/D levels for trend direction OR is that not necessary. Market makers in forex also play their liquidity harvesting to pick pockets around these levels. We need your wisdom. And Thank you.
Why should there be a better one, why not join both and stack those accounts in a trade copier 📈
Haha like your style ....... Give me all the accounts and trade trade trade!
Thank you very very very much for the very nice and detailed video 🌹
You’re welcome 😊
Hey my question is that can we do micro scalping in my forex funds . If anyone know reply me
They allow scalping, best to check with them on their web chat 👍
what about accelerated on myforexfunds,do they allow to sign up again after over drawdown.
I haven't tried out that program, usually if you hit max loss, you have to pay to retake again 👍
My forex fund is far better than FTMO
Hold over the Weekend means also Holding overnight under the week Days ?
now FTMO has messed things up restricting to 50 lots per trade max
oh no, nightmare.
Lovely breakdown and analysis just a have 2 questions.
1. What is the meaning of EA
2. If one pass the 1st and 2nd stages and becomes a funded trader do you still get daily draw down and target while reading the account?
1_ EA means Expert Adviser, These are written programs to perform and calculate certain tasks and They can even place trade automatically. In other words using machine and computers to perform trading automatically.
2_ Yes , Drawdown are crucial cause they want to save their capital too. Yes targets may not matter that much, They do relaxation in targets like even if you don't get profit they don't get back funded account and gives you more time but if you reach you drawdown they get your account back.
@Arslan Akram, Nice work on answering these questions. couldn't have said it better my self.
Thanks for the answer appreciate
With your education and your pretty i subscribed the channel❤❤❤
good video. equity DD and such things are big. u forgot these things.
im funded with MFF.
FTMO is expensive, outdated ->> MFF winner all the way, cheers.
Thanks 👍
hi can we add earnforex position size calculator to mff mt4 ?? plz reply...
You would have to ask the company.
which one is better for scalping btw?
Mff has a smaller profit target so that would probably be better.
how do they pay who trade form different countries ? what currency do they pay ?
I think you're wrong, and ftmo also offered multiple free retakes
thanks for the comment.
DOES THE FIRM MAKE MONEY FROM THE PROFITS ALONE OR ALSO FROM THE LOSSES?
From the profits and the fee for the challenge
trading on both
Nice work
Did MFF increase their price on 10k acc to $485?
I have a question about daily loses. In ftmo you making 5 trades start in -100 end up in +1000. In the 10k you get you max daily loss off -500 but you are in 5000+ profit.
Does it count the same way in my forex funds. Thanks .
MFF have a max daily drawdown of 5% worked out from account equity in the morning 👍
Both firms have 2 step evaluation. Both earn easy money by failing traders with nasty targets.
Its a very basic rules for pro traders..easy
i think mff also allows crypto...can u brief up abt it.
Will have a look into it.
Wow thank you 🙏 beautiful and informative video
Thanks so much for the nice comment it means a lot ❤️
Can I also trade crypto or Synthetic using MFF ?? Or is it only Forex
Great comparison. Can u tell me about yourself from trading perspective?
Thanks
Last year, you mentioned that you blew your account with 5%ers Prop Firm. What happens when you blow a $10000 Prop Firm account? Do you have to pay the money back?
No, you are allowed to lose a certain amount daily. MFF is 5%. One you lose 5% you get kicked off the platform. You will only lose the money you pay to take the challenge. You are not liable to pay any prop firm if you lose a challenge or live account.
@@TakingShapeCreations Thanks for the reply. Does this apply after you pass the challenge and verification. Do you still get kicked off the platform once you lose 5%
@@destiny2560 No problem. Yes it does. Same rules apply for live accounts. It's all about preservation of the capital you have in your account
Hello..... If i successful pass challenge of Myforexfunds , so restrictions of drawdowns will be remain same? ... Kindly reply
Yep
You the best❤
Thank you.
can you provide details about spreads on the challenge account as i read that FTMO charge 40-50 pips spread on the challenge account? provide for all prop firm like osprey , MFF etc. thanks
Spreads vary depending on the broker, I will note this for a future video thanks. You could always try the free FTMO trial to see their spreads 👍
Do binary account platform have funded account?
You didn't comment about the cost of the 25k and 20k accounts
Thanks for the comment
I’m up only about 30-40% on my account I don’t know if I would qualify for the extension
Hey, what happens if I get funded and after a couple of months, I don't make it anymore and/or break one rule... Am I banned? or I can just start all over again even I made loses on the real account
If you violate rules, you lose the account and have to start again 👍
Hi! Do Prop firms allows traders to use Magic Keys?
Yes !!
Te amo. Excellent information
Thank you 🤩
GOLDEN Info. thanks
Glad it was helpful!
Emily, could you share what is your favorit Trade Manager EA?
I am working on my own at the moment.
please what happens if i hit the maximum 12% drawdown on MMF? please will the account be refunded or i will be banned and start all over again?
star over with fees
You will have to start again, they give a slight discount on retake fees 👍
Nice setup. seem to be very peaceful. looks like a music studio.
Kindly tell ur view on xltrade accelerated program
I haven't tried that one out yet 👍
What of blufx is it legit?
Are these CFDs? Can we trade index options on these account?
They offer CFD accounts but I don't think they offer options, best to check with them through their live chat 👍
My forex fund all the way 😜😜
10000$ if we start a business we can get more than that much profit
good luck with your new business
The5ers Boot Camp is 85 Euro for 100,000 Funding. Which is far better ratio from both MFF and FTMO
Yes but after you pass you must pay 250€ to get access to the account. Should have mentioned that Einstein
Isn’t 85 euro plus 250 euro still cheaper than FTMO and MFF?
@@adam55719 considering the risk you take itis absolutly a deal breaker.
Since you are overing the top 4 firms, I was thinking why you didn't have the5ers in our list? It's easy going and trader friendly firm with a massive scaling plan up to 4 million. No one else provides it.