Here’s a comparison blog post of My Funded Futures vs. Tick tick Trader for traders considering these two prop trading platforms. The article explores key aspects of both, outlining their strengths, differences, and which platform might be best suited for specific trading needs.
My Funded Futures vs. Ticktick Trader: With Comparison Table Side by Side
Prop trading firms offer traders capital to trade in financial markets, which is ideal for those who have strong trading skills but limited personal funds. My Funded Futures and Ticktick Trader are two popular options, each with unique offerings. Here’s a detailed look at each to help you choose the best fit.
| Feature | My Funded Futures | Ticktick Trader | Winner |
|---|---|---|---|
| Trustpilot Score | 4.6 stars from 1,246 reviews | 4.5 stars from 6,317 reviews | Tick Tick Trader |
| Price for 150K Account | $600 (discounted from a higher price) | $350 | Tick Tick Trader |
| Max Loss Limit | $4,500 | $7,500 | Tick Tick Trader |
| Daily Loss Limit | None | $3,750 | My Funded Futures (subjective) |
| Payout Threshold | $9,000 | $7,500 | Tick Tick Trader |
| Account Buffer | No buffer on both | No buffer on both | Tie |
| Payout Structure | 90% (100% until Dec. 15) | 90% (promotional 100% until Dec. 15) | Tie |
| Max Accounts | 3 | 5 | Tick Tick Trader |
| Payout Speed | 24–48 hours | Up to 5 business days | My Funded Futures |
| Minimum Trading Days | None required | None required | Tie |
| Consistency Requirement | 20% required | 20% required | Tie |
| Program Expiration | Milestone ends Nov. 2024 | No expiration | Tick Tick Trader |
Key Comparisons
Price and Maximum Loss Limit
Ticktick Trader is generally more affordable for the same account size ($150,000), and it also offers a higher maximum loss limit ($7,500 compared to My Funded Futures’ $4,500). This gives traders more breathing room and may help them avoid prematurely hitting the loss limit.
Daily Loss Limit
While Ticktick Trader has a daily loss cap, My Funded Futures doesn’t impose one, which can be advantageous for traders with high-risk strategies. However, a daily loss cap can act as a safety net, reducing the chances of a major setback in a single day, so this feature may be more about preference than superiority.
Payout Threshold
Ticktick Trader sets a lower payout threshold of $7,500, while My Funded Futures requires traders to meet a $9,000 threshold. This means Ticktick Trader users can access payouts with slightly less trading profit.
Number of Accounts and Payout Frequency
Ticktick Trader allows users to maintain up to 5 accounts, while My Funded Futures limits users to 3. This added flexibility can allow for diversification and possibly more significant overall profits.
Program Expiration
An important distinction is that My Funded Futures’ Milestone plan expires in November 2024, whereas Ticktick Trader’s Project X has no such expiration, providing potentially greater longevity for traders looking to remain with one firm long-term.
Payout Processing Time
My Funded Futures generally processes payouts faster (24–48 hours) than Ticktick Trader (up to 5 business days), which may be a consideration for those who prioritize quicker access to earnings.
Advantages and Disadvantages Summary
Advantages of My Funded Futures
- No Daily Loss Limit: Suitable for traders with high-risk tolerance.
- Faster Payouts: Quick access to earnings, typically within 24–48 hours.
- Immediate Payout on Profit Target Achievement: Available at each milestone.
Disadvantages of My Funded Futures
- Higher Payout Threshold: Requires $9,000, which is higher than Ticktick Trader’s.
- Account Phase Reset: Progress does not carry over between phases, which can erase additional profit earned above targets in each phase.
Advantages of Ticktick Trader
- Lower Cost and Higher Max Loss Limit: More affordable with higher tolerance for losses.
- Lower Payout Threshold: Payout achievable with $7,500.
- Higher Account Limit: Allows up to 5 accounts, offering more trading flexibility.
- No Expiration on Project X: Provides a stable, long-term trading environment.
Disadvantages of Ticktick Trader
- Daily Loss Cap: Some traders may feel constrained by the $3,750 limit.
- Slower Payout Processing: Payouts can take up to 5 business days.
Conclusion
Both My Funded Futures and Ticktick Trader offer valuable opportunities, but they cater to slightly different trader profiles. Ticktick Trader might be the better choice for budget-conscious traders seeking greater account flexibility and a higher maximum loss tolerance. My Funded Futures offers faster payouts and no daily loss limit, which can be ideal for traders who favor high-frequency or higher-risk strategies.
Choosing the right platform will ultimately depend on each trader’s style, goals, and risk tolerance.
