Since FTMO has now closed its operations in the US, an agitated situation has been observed among the traders who trusted FTMO before. FTMO was a successful prop firm, and it seems quite difficult to find an alternative trustworthy prop firm with similar benefits. FTMO has left a significant void in the trading Industry. But Not to worry, as we have come to the rescue with a perfect alternative with even better perks! We’re decoding “FPF – Forex Prop Firm” as the best FTMO replacement! Why? Let’s Check Out!
Why is FPF More Than A Perfect Alternative?
ForexPropFirm.Com (FPF) is a trusted firm in the Modern Trading Industry and achieved the highest passing rate in just 8 years.
What has it achieved so far?
- 8 years of experience,
- Secured history of $6M+ payouts,
- 3,500+ funded traders,
- 16,500 satisfied clients,
- A “TOP PROP FIRM” level,
- 100+ traders interviews,
- and 500+ positive reviews!
FPF claims itself as the “Go-to prop firm” for traders and they have all rights to do so.
The Stats and figures of FPF of just 8 years speak on their own, they are surely reliable, with a promising commitment to transparency.
Traders’ Favorite FPF’s Offerings:
Restrictions Free Simulated Trading:
FPF focuses on creating favorable trading conditions. It gives Traders the freedom to engage in news trading, hold positions for long, and utilize Expert Advisors without any limitations.
Earn 10% Virtual Profit from Initial:
FPF is now a leading prop firm because of its advantages. They offer traders a 10% virtual profit bonus once they complete an evaluation. Traders get this bonus along with their first payout.
Flawless Payout System:
FPF offers a virtual profit ratio of 90:10 for successful traders, in its one-step model and two-step model for Evaluation. The profit split ratio is 80:20 for traders who prefer Instant Funding. Payouts are processed in 1-5 business days, showing the efficiency of the system.If you are in the market for superclone, swisswatch.is Super Clone Rolex is the place to go! The largest collection of fake Rolex watches online!
Scaling Plan up to $10M:
FPF provides a precise and clear scaling plan, allowing traders to deliver the best using their skills for potential outcomes and scale the account up to $10,000,000.
How does FPF Work?
Forex Prop Firm works on the motive of convenience for traders. They offer Two Models for Evaluation:
- 1-Step Model: Achieve a 10% virtual profit with no time limit. Must follow your trading plan and manage the risk to succeed in this phase. Upon completion, you will be a certified trader.
- 2-Step Model: Prove trading ability in two phases with virtual profit targets. Then You will become a certified trader of the FPF Proprietary Trading firm.
If the traders want to opt for Instant Funding, FPF offers an Instant Funding Model with no challenges or evaluations for a faster route.
Moreover, All trades are executed through an award-winning regulated broker with competitive spreads, ensuring optimal trading conditions.
Transparent Comparison with FTMO:
To affirm your decision, here’s a quick comparison between FTMO and FPF overall, in evaluation phases, and an instant funding model.
Overall Comparison:
| Criteria | FPF | FTMO |
| Funding Models | 1-Step Model and 2-Step Model | 1-Step and 2-Step |
| Trading Conditions | No Consistency rule, No Daily Drawdown | Scaling Plan with various conditions. |
| Virtual Profit Share | 90% Virtual Profit Split from Day 1 | 80:20 to 90:10 |
| Payout Time | 1-5 business days, every 15 days | 14 days on-demand |
Instant Funding Model:
| Criteria | FPF | FTMO |
| Starting Capital: | $10,000 USD – $200,000 USD | $400,000 |
| Minimum For Withdrawal: | 5% | 5% |
| Overall Drawdown: | 5% | 5% Maximum Daily Loss 10% Maximum Loss |
| Daily Drawdown: | 5% | 5% |
| Minimum Simulated Trading Days: | 5 | 4 |
| EA’s, Signals, Overnight & Weekend Position(s) Accepted: | Yes | Yes |
| Platforms: | 4, 5 | 4 |
| Virtual Profit Split Funded Account: | 80/20 (up to 100/0) | 80/20 (Up to 90/10) |
| Tradeable: | Commodities, Forex, Indices & Stocks | Forex, Indices, Commodities, Stocks, Crypto |
| Guaranteed Simulated Funding: | $10,000,000 | – |
Evaluation Phase 1 Comparison:
| Criteria | FPF | FTMO |
| Profit Target: | 10% | 10% |
| Min Trading Days | None | 4 days |
| Max Trading Period | None | None |
| Daily Drawdown | 4% | 5% |
| Overall Drawdown | 6% | 10% |
| Trading Restrictions | None | None |
| Profit Split During Evaluation | 10% | 0% |
| Profit Split Funded Account | 90/10 up to 100/0 | 80/20 up to 90/10 |
| Tradeable | Commodities, Forex, Indices & Stocks | Forex, Indices, Commodities, Stocks, Crypto |
| Guaranteed Funding | $10,000,000 | – |
Evaluation Phase 2 Comparison:
| Criteria | FPF | FTMO |
| Profit Target: | 5% | 5% |
| Min Trading Days | 3 days | 4 days |
| Max Trading Period | None | None |
| Daily Drawdown | 5% | 5% |
| Overall Drawdown | 8% | 10% |
| Trading Restrictions | None | None |
| Profit Split During Evaluation | 10% | every month by default |
| Profit Split Funded Account | 90/10 (up to 100/0) | 70% to 90% |
| Tradeable | Commodities, Forex, Indices & Stocks | Forex, Indices, Commodities, Stocks, Crypto |
| Guaranteed Funding | $10,000,000 | – |
Conclusion:
Choosing the right forex prop firm is necessary for traders, especially with FTMO’s recent exit from the American market. FPF emerges as a strong contender, offering unparalleled benefits and a proven track record. Whether you’re an experienced trader or a beginner, FPF is your Trading firm to go by all means.