MyFundedFutures VS TickTickTrader

MyFundedFutures VS TickTickTrader

Introduction

This piece will compare two well-known prop trading firms, MyFundedFutures and TickTickTrader, and take you through what you should think about when picking the firm that will best meet your needs. Both firms enable would-be traders to demonstrate their trading skills and qualify for funding, but they’re geared towards different needs and levels of experience.

MyFundedFutures offers you the opportunity to trade futures using simulated funds. Then, once you’ve passed the company’s evaluation process, you could get up to $600,000 to trade on the futures market and withdraw your profits on a fortnightly basis.

As a sister company to the well-known and successful MyFundedFX, which has a long history in the forex market, MyFundedFutures not only shares the firm’s operational framework, but also looks set to replicate its impressive track record.

MyFundedFutures prioritises clarity and transparency in all aspects of its operations, from account selection and funding allocations to trading platforms, with one clear goal: meeting the needs of its traders. You’ll also receive a sizable 90% profit share (and 100% of your first $10,000 in earnings) if you choose to partner with them.

Established in 2022, TickTickTrader was thought up by experienced traders who have more than 20 years of industry expertise. Feeling let down by their experiences at existing prop trading firms, they decided to build their own platform without the limitations and complications they’d run across elsewhere. The outcome is an impressively transparent platform, wholly committed to helping traders achieve financial independence with dependable guidelines.

TickTickTrader’s business plan prioritises the success of its traders over the profit-driven strategies that are unfortunately common elsewhere in the trading industry. With a thorough grasp of the dynamics of the market today, the company tries – and succeeds – in providing futures traders with a raft of innovative services. They’ve also created a very encouraging and helpful trading environment, and their customer service is available 24/7 and second to none.

Screenshot 12 MyFundedFutures VS TickTickTrader
Screenshot 155 MyFundedFutures VS TickTickTrader
MyFundedFutures is ideal for: TickTickTrader is ideal for:
Newcomers to the futures prop trading industry Futures traders with a reasonable level of experience in the industry
Traders who’ll benefit from a straightforward, one-phase challenge with a 25% pass rate Traders looking for an array of different challenges and funding levels
Traders who require excellent customer support Those who value a thriving community of fellow traders
Those valuing swift payouts Traders looking to make substantial profits
Traders who like the sound of a 90% profit share

TickTickTrader vs MyFundedFutures: A side-by-side comparison

Both TickTickTrader and MyFundedFutures are top-notch platforms with cutting-edge features that will really enhance your trading potential, and both firms give you access to the markets without requiring you to make any financial investments. We present a thorough comparison of the policies and features provided by the two firms in the table below.

Feature MyFundedFutures TickTickTrader
Challenge Types Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy Futures, Interest Rate Futures, Metals Futures. Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy Futures, Interest Rate Futures, Metals Futures.
Challenge Account Sizes $50,000, $100,000, $150,000 Different challenges between $25,000, $50,000 & $100,000
Challenge Cost $100 - $375/month $145 up to $285/month
Minimum Trading Days 1 Day none
Max Daily Loss none $500 to $2,500
Max Drawdown $4,500 $1,000 to $3,000
Payout Split 90/10 (trader/firm) Keep 100% on first $10,000 profits 100% payout the first 3 months of withdrawals. After that, TickTickTrader has a profit split of 90/10.
Profit Target $3,000 to $12,000 $1,500 up to $6,000

Additional points:

TickTickTrader: TickTickTrader’s Direct Accounts offer four major advantages: better trading flexibility, increased profit potential, the ability to withdraw earnings immediately, and the chance to start trading right away with a TTTPerformance Account, skipping the assessment period entirely.

MyFundedFutures is the industry’s top trading evaluation platform. The $30K Static Account provides traders with a set drawdown that never varies, allowing the full payout after 60 days (minus $1) without losing the account – a unique feature created specially to help the firm’s traders.

Account Types in the $30K Static Evaluation Plan:

  • $30K Static Evaluation Pro Account
  • $30K Static Evaluation Standard Account

MyFundedFutures: During the evaluation phase, there’s no consistency rule; however, once you start trading with simulated funding, a 40% consistency rule is imposed for Starter accounts. This means that earnings from a single trading day can’t exceed 40% of overall profits. If you break this rule, you’ll be unable to withdraw any earnings. It won’t result in a breach of your account, but you must continue trading and making profits until the earnings from any single day equal less than 40% of your total gains.

Closer look at MyFundedFutures vs TickTickTrader

The table below takes a closer look at the rules of both prop firms.

Rule Category MyFundedFutures TickTick Trader
Allowed Instruments Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy Futures, Interest Rate Futures, Metals Futures. Allowed
Scalping Allowed Allowed
Day Trading Allowed Allowed
Swing Trading Allowed Allowed
Holding Positions Overnight Not Allowed Allowed
Holding Positions Over Weekends Not Allowed Not Allowed
News Trading Allowed Not Allowed

Maximum Daily Loss (MDL):

  • TickTickTrader: TickTickTrader’s daily loss limitations are adjusted to the size of each account, giving realistic risk management parameters for all traders. Throughout the trading day, accounts are closely watched to ensure that the daily loss restrictions aren’t exceeded.
  • MyFundedFutures: None – MyFundedFutures focuses on maximum End of Day Drawdown and Consistency Rule.

Max Drawdown (MDD):

  • TickTickTrader calculates drawdown at the end of each trading day throughout the assessment period. This assessment only considers gains that have been officially secured by the end of the day, and it doesn’t take into account any potential profits that were intended but not realised during the day.
  • MyFundedFutures: Unlike many other prop firms, MyFundedFutures doesn’t impose a daily drawdown limit, which helps to alleviate any stress you might experience because of day-to-day swings in your account. Instead, the firm implements a maximum End of Day drawdown policy of 3%, which is limited to the initial account amount plus $100. A $50,000 account, for example, has a maximum EOD withdrawal of $51,600, whereas a $150,000 account is capped at $154,600.

Withdrawals:

  • TickTickTrader: As long as you follow the Maintain Consistency Rule on your TTTPerformance account, you’ll have immediate access to earnings once your balance surpasses the required minimum and safety thresholds. TickTickTrader’s payout guidelines are as follows:
  • The minimum amount for withdrawal is €250.
  • A safety threshold must be maintained, which is the minimum profit balance required in your account to continue making withdrawals.
  • The firm processes all withdrawals within five business days.
  • Up to 20% of total profits can be withdrawn from deactivated accounts so long as they exceed the safety limits and follow the Maintain Consistency guidelines; there is no minimum withdrawal restriction.
  • Direct Account holders benefit from the potential for higher profits as well as the ability to withdraw funds immediately, bypassing the customary 40-trading-day waiting time. When the safety threshold is reached, you can request a withdrawal.
  • MyFundedFutures: For the first 60 days of Starter funded programs there’s a maximum cap on withdrawals based on your starting balance and the maximum drawdown percentage. A trader with a $50K account and a 4% maximum drawdown, for instance, can only withdraw $2,000 every fortnight. After these 60 days, payouts are unlimited – a huge advantage of MyFundedFutures, particularly given that many other prop firms impose withdrawal limitations for at least three months. Expert plans have no withdrawal limits whatsoever and withdrawals can be made once every two weeks.

Leverage:

Leverage Futures MyFundedFutures TickTickTrader
Futures 1:1 1:1

TickTickTrader vs MyFundedFutures: Pros and Cons

TickTickTrader

Pros

Cons

MyFundedFutures:

Pros

Cons

Conclusion

Both MyFundedFutures and TickTickTrader are appealing possibilities for traders wishing to get external funds with which to trade. MyFundedFutures is regarded as a top futures trading firm in the prop trading market, making it a particularly attractive option for traders seeking to achieve financial independence through the use of effectual risk management strategies. The firm provides a generous profit-sharing system, offering traders a sizable portion of the profits they generate. It also has a streamlined review procedure, with no daily loss limitations or trading day restrictions, enabling traders to easily qualify for a large amount of funding. MyFundedFutures supports a broad range of trading platforms and offers you the ability to trade with up to $600,000, catering to both highly experienced traders in need of significant funds and beginner traders looking for a reputable firm with low costs.

TickTickTrader’s laid-back approach is ideal for traders with some level of experience in the sector, who can profit from the flexibility to trade with fewer constraints (like greater daily limits and no necessary minimum trading days). The firm’s pricing structure is set up for scaling, with tiered account sizes, and its risk management policies find just the right balance between reducing risk and giving traders the freedom to follow the strategies that work best for them. TickTickTrader, like MyFundedFutures, is only focused on futures trading and doesn’t allow overnight holding or automatic trading. Despite these restrictions, however, it still stands out a leading firm offering several key advantages.

To summarise, traders who feel they’d benefit from a structured environment in which to further their trading careers, as well as access to a helpful trading community, may find TickTickTrader to be the best bet. More information about the firm can be found on our website. On the other hand, traders who’ll appreciate MyFundedFutures’ clear-cut, efficient approach may opt to work with them. 

The information presented here gives you somewhere to start with your research, but a more in-depth examination of both firms’ services, including their programs, pricing, and rules and regulations, is important to determine which will best meet your own needs and help you to realise your goals.

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