When you’re stepping into the world of prop trading or exploring My Funded Futures, you’re faced with a big decision: Should you choose the Starter or the Expert account? Picking the right plan depends entirely on your trading experience, risk tolerance, and budget. Let’s break it all down so you can decide which one is right for you.
Quick Comparison Table
| Feature | Starter Account | Expert Account |
|---|---|---|
| Monthly Cost | $80 | $165 |
| Daily Loss Limit | $1,200 | None |
| Profit Target | Scales gradually, starting at $1,200 | $4,000 |
| Payouts | After 5 winning days, capped at $1,200 initially | Every 14 days, first $10,000 is 100% yours |
| Leverage Rules | Gradual scaling with account growth | Full leverage from day one |
| Reset Fee | $50 (37.5% discount) | $165 |
| Risk Safeguards | Structured limits to protect capital | No safeguards—risk is on you |
| Best For | Beginners, budget-conscious traders | Experienced, risk-tolerant traders |
Cost and Budget Considerations
First things first—budget. The Starter account costs $80 a month, while the Expert account sets you back $165. Both come with reset fees: $50 for the Starter and $165 for the Expert. However, the Starter account includes a discount on resets—up to 37.5%. This makes it more affordable to get back on track if you hit a rough patch.
If you’re looking to protect your finances as you learn, the Starter account’s lower cost is ideal. But if you’re an experienced trader who can handle the upfront cost without concern, the Expert account’s flexibility might justify the price tag.
Risk Management and Safeguards
One key difference lies in how each account handles risk. The Starter account enforces a $1,200 daily loss limit. This safety net can protect you from losing the entire account in a single bad trading session. If you’re someone prone to over-trading or emotional decisions, this feature is a game-changer.
The Expert account, on the other hand, offers more freedom—there’s no daily loss limit. This puts the responsibility of managing risk entirely on you. If you’re confident in your risk management skills and prefer fewer restrictions, the Expert account gives you that leeway. But beware: one bad move can wipe out your account quickly.
Leverage and Flexibility
The Starter account is designed for traders who prefer to ease into their trading. You start with fewer contracts and scale up as your account grows. This gradual approach promotes discipline and minimizes the risk of over-leveraging.
In contrast, the Expert account gives you full access to all contracts as soon as you’re funded. While this means you can potentially achieve higher profits faster, it also increases the likelihood of large losses. If you have a well-defined trading strategy and are comfortable handling higher leverage, the Expert account could be your go-to choice.
Profit Targets and Payouts
The payout structure also differs. With the Expert account, you can withdraw profits every 14 days. Your first $10,000 in profit is 100% yours, followed by a 90/10 split. The Starter account, meanwhile, caps your maximum payout at $1,200 initially, scaling up as you grow. While this might seem restrictive, it’s part of the Starter’s built-in safeguards to encourage sustainable growth.
Who Should Choose the Starter Account?
The Starter account is ideal if:
- You’re New to Prop Trading: It offers structured safeguards like the daily loss limit, making it perfect for beginners learning the ropes.
- You’re on a Budget: At $80 a month, it’s a lower-risk entry point.
- You Need to Build Confidence: The account’s scaling rules and protections help you develop discipline without the pressure of managing too many contracts upfront.
Who Should Choose the Expert Account?
The Expert account is better suited if:
- You’re Experienced: If you’ve traded Futures before and are confident in managing your own risk, the Expert plan’s flexibility is unmatched.
- You Want Higher Flexibility: With no scaling rules or daily loss limits, you have more control over how and when you trade.
- You Prioritize Speed: The ability to withdraw profits every 14 days and start with full leverage allows you to hit the ground running.
Final Verdict
Both accounts offer distinct advantages, but the choice ultimately comes down to your experience, trading style, and financial situation. If you’re just starting out or want more safety nets, the Starter account provides excellent value. On the other hand, seasoned traders looking for fewer restrictions and quicker payouts will appreciate the Expert account.
Remember, the best account is the one that aligns with your goals and helps you trade profitably. Whichever path you choose, focus on risk management and consistent improvement.
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