Funded trader programs let you trade with significant capital without risking your own money. These programs evaluate your trading skills and, if successful, allow you to share profits. Popular options include FTMO, MyForexFunds (MFF), For Traders, E8 Funding, and The 5%ers. Each program has unique features, such as profit-sharing models, evaluation processes, and account options. Here's a quick breakdown:
- FTMO: Structured two-phase evaluation, 80% profit split, accounts up to $400,000, refundable fees, scaling up to $2M.
- MyForexFunds: Previously flexible with various account types, but currently inactive due to legal issues.
- For Traders: Unlimited evaluation period, 80% profit split, AI-driven tools, and educational resources.
- E8 Funding: Refundable fees, scaling opportunities, and strict evaluation rules.
- The 5%ers: Tiered profit-sharing (up to 100%), flexible payouts, and account growth options.
Each program suits different trading styles and goals. Below is a comparison to help you decide.
Quick Comparison
| Program | Key Features | Evaluation Process | Profit Split | Account Sizes | Current Status |
|---|---|---|---|---|---|
| FTMO | Structured, scaling to $2M | Two-phase, clear rules | 80% | $10K–$400K | Active |
| MyForexFunds | Flexible options, instant funding | Two-step or direct funding | 75%-85% | $5K–$300K | Inactive |
| For Traders | Unlimited evaluation, AI tools | No time limits, fixed targets | 80% | Not disclosed | Active |
| E8 Funding | Refundable fees, scaling opportunities | Two-phase, strict guidelines | Not disclosed | Multiple sizes | Active |
| The 5%ers | Tiered profit-sharing, flexible payouts | Gradual growth, milestone-based | 50%-100% | Up to $4M+ | Active |
Choose based on your trading style, risk tolerance, and goals. FTMO works for structured traders, while For Traders offers flexibility. MFF's future remains uncertain, but alternatives like E8 Funding and The 5%ers provide diverse opportunities.
FTMO or My Forex Funds? Who Is The Best Prop Firm In The World? Which Prop Firm Will Suit You BEST?
1. For Traders
Launched in 2023, For Traders is a relatively new player in the funded trading space. Despite its recent entry, it has already made an impact, serving over 30,000 customers in more than 130 countries. To date, the company has paid out over $6 million to traders, including 273 reward payments in just the past 30 days.
Profit-Sharing Model
For Traders has built its payout system to prioritize and reward strong performance. Traders receive an 80% profit split, with bi-weekly payouts that are processed impressively fast - averaging just 22 hours and 12 minutes. Additionally, their Premium Program is designed to recognize top-performing traders, though the finer details of this program haven't been disclosed yet.
2. FTMO
FTMO is a well-known funded trading firm that has helped thousands of traders worldwide. Its structured approach and resource-packed platform make it stand out in the world of funded trading programs.
Evaluation Process
FTMO uses a two-step evaluation system to assess traders' skills and risk management. The first step, the FTMO Challenge, requires traders to hit a 10% profit target within 30 days while keeping daily losses under 5% and total drawdown below 10%. Those who succeed move on to the Verification phase, a 60-day period with a reduced profit target of 5% but the same risk limits.
Traders must trade for at least 10 days in each phase and ensure all positions are closed before weekends. Once these stages are completed, traders can join FTMO's funded program and benefit from its profit-sharing model.
Profit-Sharing Model
FTMO offers a generous 80% profit split for its funded traders. Payouts are processed every 14 days and can be received via bank transfers, cryptocurrencies, or digital payment systems. Payments are typically processed within 1–5 business days, with a minimum payout threshold of $100.
Account Types and Funding Levels
FTMO provides account options ranging from $10,000 to $400,000. The cost of the challenge depends on the account size, starting at $155 for a $10,000 account and going up to $1,080 for a $400,000 account. These challenge fees are fully refundable once traders successfully complete both evaluation phases and receive their first profit payout.
All accounts are traded on MetaTrader 4 and MetaTrader 5, offering access to a wide range of instruments, including major forex pairs, commodities, indices, and cryptocurrencies.
Fees and Refund Policies
FTMO does not charge any ongoing fees beyond the initial challenge cost. The challenge fee is refundable, meaning traders can get it back after meeting the evaluation criteria and making their first profit withdrawal.
Additionally, FTMO encourages trader growth through its scaling plan. If a trader achieves a 10% profit over four consecutive months, they can request an account balance increase, with the potential to reach funding levels of up to $2 million.
Notable Features
FTMO provides traders with advanced analytics, risk management tools, and free educational materials through its Academy, helping traders refine their strategies and improve performance.
3. MyForexFunds
As of September 5, 2025, MyForexFunds (MFF) remains inactive as it awaits the resolution of legal proceedings. This section provides a historical look at MFF's operations, its legal challenges, and the pricing structure it once offered.
At its height, MFF was a major player in the funded trading industry, experiencing rapid growth before its closure. The company boasted a team of over 300 support staff and was onboarding more than 2,000 traders daily.
Legal and Regulatory Issues
In 2023, the U.S. Commodity Futures Trading Commission (CFTC) filed a civil complaint against MFF. The allegations included misleading claims and improper use of client funds, leading to the freezing of its assets. However, on May 13, 2025, the CFTC dismissed its case, citing its own errors during litigation.
Even with the case dismissed, the accusations brought attention to broader issues in the proprietary trading sector. Concerns included misrepresentation of counterparty relationships, unfair trading conditions, hidden fees, and the use of customer payments to fund profit payouts. According to the CFTC, MFF's business model allegedly relied more on customer fees than on successful trading in financial markets.
Historical Program Structure
Before its legal troubles, MFF offered a range of funding programs designed to cater to traders with varying needs. These included the Rapid Account, Evaluation Program, Accelerated Program (available in Conventional and Emphatic options), and a VIP Reward Program.
- The Evaluation Program required traders to complete a two-step process to meet profit targets and follow specific trading rules before gaining access to a live-funded account.
- The Accelerated Program skipped the evaluation phase, providing instant funding. Traders could choose between the Conventional and Emphatic account types, each with different features.
Account Types and Historical Pricing
MFF offered accounts in various sizes, with both refundable and non-refundable registration fee options:
Refundable Registration Fees:
- Rapid Account: Ranged from $10,000 to $100,000, with fees between $99 and $749.
- Evaluation Program: Spanned account sizes from $5,000 to $300,000, with fees ranging from $49 to $1,389.
Non-Refundable Registration Fees:
- Conventional Accelerated Account: Offered accounts from $2,000 to $20,000, with fees between $99 and $970.
Current Status and Refunds
Refunds for former MFF users are expected to roll out between Q3 2025 and early 2026, depending on the region. However, progress has been described as slow, with no guarantees of full resolution. Many European traders who relied on MFF have since turned to other competitors in the absence of the platform.
Industry Impact
The MFF case has sparked increased scrutiny of the entire proprietary trading model. Regulators and clients alike are now paying closer attention to the transparency of trading challenges, actual payout ratios, the risk of internal conflicts, and clearer disclosures based on jurisdiction. These developments are reshaping the standards for funded trader programs, influencing how the industry operates today and setting the stage for stricter practices around transparency and payouts.
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4. E8 Funding
E8 Funding is a proprietary trading firm that connects skilled traders with access to trading capital through a structured evaluation process. By acting as a stepping stone for traders aiming to secure larger funding opportunities, the firm has carved out a distinct position in the competitive world of funded trader programs. Let’s take a closer look at how their approach stands out.
Evaluation Process
E8 Funding evaluates traders using a two-phase process designed to test both their consistency and risk management skills. In the first phase, traders must achieve a profit target while adhering to strict risk guidelines. The second phase focuses on verifying their ability to maintain consistent performance over a defined period. To ensure discipline, traders are required to close all positions by a specific time. Any rule violations result in the need to restart the process, along with paying a new registration fee.
Account Types and Funding Levels
The firm offers a variety of account options to suit different trading styles. Whether you’re a day trader or prefer holding positions for longer periods, there’s likely an account tailored to your needs. While the core evaluation rules remain the same across all account types, some adjustments may apply to live trading, particularly regarding how long positions can be held.
Fees and Refund Policies
E8 Funding’s fee structure depends on the size of the account you choose. A standout feature is their refundable fee model. Traders who successfully complete the evaluation phases and move on to live trading receive their initial fee back. This approach lowers the upfront financial commitment for traders willing to demonstrate their skills.
Profit-Sharing Model
Once traders pass the evaluation and begin live trading, they earn through a profit-sharing model. Payouts can be requested regularly, with options for bank transfers or digital payment platforms. Consistent performance not only ensures payouts but also opens the door to higher funding levels, rewarding traders who manage risk and deliver results.
Notable Features
E8 Funding provides opportunities for traders to scale their accounts as they demonstrate consistent profitability and effective risk management. To support traders, the platform also offers educational materials and personalized mentoring, helping them sharpen their strategies and reach their full potential.
5. The 5%ers
The 5%ers, like other funded trading programs, focus on performance and risk management. What sets them apart is their adaptable profit-sharing model, allowing traders to keep up to 100% of their profits.
Profit-Sharing Model
This program offers a tiered profit-sharing system, starting at a 50% profit split and potentially reaching 100% for traders who consistently show profitability. Traders can also earn bonus income, though it's subject to a 50% deduction, adding another layer of earning potential.
Beyond the standard profit-sharing structure, traders can benefit from additional income sources such as Phase 1 bonuses and even a regular salary. These features provide extra earning options and greater flexibility.
Notable Features
One standout feature of The 5%ers is their on-demand payout system, which allows traders to withdraw their earnings whenever they choose, removing the hassle of fixed withdrawal schedules.
Another key offering is their "Hyper Growth" program, designed to help traders scale their accounts quickly. With this program, account balances double at each milestone, potentially exceeding $4,000,000 in funding. This is particularly advantageous for swing traders and those who prefer lower-frequency trading, as it enables them to handle larger capital allocations without the need for constant trading activity.
Fees and Refund Policies
The 5%ers operate with a clear and straightforward fee structure. There are no hidden trading fees or surprise charges, making it easier for traders to calculate their earnings without any unexpected deductions. This transparency ensures traders can focus on their strategies without worrying about extra costs.
Advantages and Disadvantages
This section breaks down the key features of each funded trader program, highlighting their strengths, potential challenges, and the types of traders they cater to. Each program offers distinct benefits that can shape your trading experience in different ways.
For Traders stands out with its unlimited evaluation period, giving you the freedom to develop your strategy without the stress of tight deadlines. It also offers AI-driven risk management, access to over 12 video trading courses, and a supportive community on Discord. With an 80% profit split and bi-weekly payouts averaging just over 22 hours for processing, it’s a platform designed for flexibility and support.
FTMO, on the other hand, provides a more structured two-phase evaluation process. It includes robust educational resources and advanced analytics tools to help traders refine their skills and strategies.
MyForexFunds was known for its flexible scaling options and profit-sharing model. However, it is currently inactive due to regulatory issues, with operations paused as legal matters are addressed.
E8 Funding offers a refundable fee model, which can be appealing to traders looking to minimize upfront costs. It also provides account scaling opportunities for those who demonstrate consistent profitability.
The 5%ers employs a tiered system that rewards sustained performance, with the possibility of achieving 100% profit retention for top-performing traders.
Here’s a quick comparison of the programs:
| Program | Key Advantages | Main Considerations | Best For |
|---|---|---|---|
| For Traders | Unlimited evaluation, AI-driven risk tools, education | Fixed profit target parameters | Traders seeking a learning-focused platform |
| FTMO | Two-phase evaluation, 80% profit split | Requires adherence to specific guidelines | Traders who prefer structured assessments |
| MyForexFunds | Flexible scaling, profit-sharing model | Currently inactive due to legal issues | Traders interested in scalable funding |
| E8 Funding | Refundable fees, multiple account sizes | Expedited evaluation process | Traders seeking lower upfront costs |
| The 5%ers | Tiered system with up to 100% profit retention | Requires consistent, long-term performance | Traders focused on gradual account growth |
Flexibility is a key consideration when choosing a program. For example, For Traders allows you to refine your skills at your own pace with no time pressure, while FTMO provides a structured process for those who prefer clear guidelines. Similarly, The 5%ers rewards traders who can maintain consistent performance over the long haul, making it ideal for those with a steady, disciplined approach to growth.
Final Thoughts
Choosing the right funded trader program comes down to understanding your trading style, experience level, and long-term objectives. Each program is designed with unique features to cater to different types of traders.
For Traders stands out with its focus on flexibility and education. It offers an unlimited evaluation period, AI-powered risk management tools, and a library of over 12 video trading courses. With an 80% profit split and dependable bi-weekly payouts, this platform is particularly appealing for those who value learning and adaptability. On the other hand, some programs are better suited for traders seeking structured evaluations and growth opportunities tailored to specific trading strategies.
When deciding, take a close look at factors such as evaluation processes, profit-sharing structures, and fees - key elements we've discussed earlier. Beginners might find value in platforms that prioritize education and flexibility, while seasoned traders might lean toward programs that reward performance in a more structured environment. Starting with a smaller account size can be a smart way to test out features, payout systems, and customer support before committing more funds.
Ultimately, the best program is the one that aligns with your trading style and risk management preferences.
FAQs
What should I look for in a funded trader program to match my trading style and goals?
When choosing a funded trader program, it's important to focus on factors that match your trading style and goals. Start by examining the evaluation process - look into the challenge requirements and trading rules to ensure they fit your approach, whether you prefer scalping, day trading, or swing trading.
Next, take a close look at the profit-sharing model, payout structure, and account options to make sure they align with your financial objectives. Also, consider what tools and support the program offers, such as platform compatibility, educational materials, or performance tracking tools, as these can significantly improve your trading experience. Opt for programs that provide flexibility and support your long-term growth as a trader.
What are the differences in profit-sharing models for the funded trader programs discussed in the article?
Profit-sharing arrangements in funded trader programs usually fall between 70% and 90%, depending on the specific program and the trader's performance. For example, FTMO enables traders to keep up to 90% of their profits, though this is subject to conditions based on the type of account and individual performance metrics.
These structures are crafted to align the goals of traders with those of the funding firms, offering generous earning opportunities while incentivizing consistent and reliable trading results. Since the exact percentages and terms can differ across programs, it's crucial to carefully review each program's policies to find one that aligns with your trading objectives.
What challenges might traders face in funded trading programs, and how can they overcome them?
Funded trading programs come with their share of hurdles, including overtrading, emotional decision-making, and over-leveraging. These issues can quickly lead to significant losses or even disqualification. To navigate these challenges, traders need to prioritize disciplined risk management. This means limiting how much of your capital you risk on each trade and sticking to a clearly defined trading plan.
Equally important is understanding the program’s evaluation criteria. Avoid making impulsive trades that stray from your strategy, as these can derail your progress. Regularly reviewing your trade performance and staying composed under pressure can go a long way in maintaining consistency and boosting your chances of long-term success.