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.
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.