bluFX vs FTMO 2024: Which prop trading firm should you choose?

Factor 1: Account Offerings and Trading Conditions

bluFX

bluFX provides traders with a choice of two primary account types: Lite and Pro. The Lite account is designed for those new to trading or looking for a low-risk option, offering a trading capital of $25,000 and a maximum drawdown limit of 10%.

The Pro account is geared towards more experienced traders, providing a trading capital of $50,000 with a maximum drawdown limit of 10%. Both accounts offer flexible leverage, ranging from 1:1 to 1:30, and allow for various trading strategies such as scalping, day trading, and swing trading. Additionally, bluFX offers scalable trading capital based on a trader’s performance, allowing them to access up to $1 million in trading capital.
In addition to these offerings, there is a Mini Lite, and a Super Pro package.

FTMO

FTMO utilizes a two-step evaluation process to determine a trader’s eligibility for a funded account: the FTMO Challenge and Verification. During the FTMO Challenge, traders must prove their skills by meeting specific profit targets and adhering to strict risk management rules within a 30-day period. Upon successful completion, traders enter the Verification stage, where they must replicate their performance over

Factor 2: Funding and Profit-Sharing Models

bluFX

bluFX operates on a subscription-based funding model, where traders pay a monthly fee to gain access to a funded account. The subscription fee varies depending on the chosen account type (Lite or Pro) and the trading capital. As for the profit-sharing arrangement, bluFX offers a profit split of 50% across all accounts and subscription plans. This model encourages consistent performance and risk management, as traders must cover their subscription fees to remain profitable.

FTMO

FTMO follows an evaluation-based funding model, requiring traders to successfully complete the FTMO Challenge and Verification process to gain access to a funded account. There are fees associated with the evaluation, but no upfront costs for the funded account itself.

Once a trader receives an FTMO funded account, they are entitled to a consistent 80% profit share. This model rewards skillful traders by allowing them to retain a larger portion of their profits while promoting a focus on long-term growth. Traders also have the potential to achieve a 90% profit split through the scaling program.

Factor 3: Educational Resources and Support

bluFX

bluFX offers a variety of educational resources aimed at helping traders improve their skills and achieve consistent results. These resources include webinars, blog posts, and video tutorials that cover a wide range of topics such as trading strategies, risk management, and market analysis. In addition to these resources, bluFX also provides mentorship programs where traders can receive personalized guidance and support from experienced professionals, allowing them to fine-tune their trading approach and grow in their trading career.

FTMO

FTMO places a strong emphasis on trader education, providing a comprehensive education platform that caters to both novice and experienced traders. The platform includes video courses, articles, and quizzes covering a broad spectrum of topics, from the basics of forex trading to advanced strategies and technical analysis.

Additionally, FTMO fosters an active trading community where members can share their experiences, insights, and ideas. This community-driven approach provides traders with access to a wealth of knowledge and support from like-minded individuals and professional traders, enabling them to continually learn and improve their trading skills.

bluFX vs FTMO: Our Summary

After examining the three key factors—account offerings and trading conditions, funding and profit-sharing models, and educational resources and support—it is evident that both bluFX and FTMO have their unique strengths and offerings. However, when considering the overall value and potential for growth, we believe FTMO emerges as the winner in this comparison.

FTMO’s structured evaluation process allows traders to prove their skills and gain access to funded accounts without any upfront fees, apart from the evaluation costs. Once traders receive an FTMO funded account, they enjoy a consistent 80% profit share, providing a strong incentive to focus on long-term growth and proper risk management. In contrast, bluFX operates on a subscription-based funding model, requiring traders to cover their monthly fees in order to remain profitable, and only providing a 50% profit share.

Click here to get started with FTMO today.

Moreover, FTMO’s comprehensive education platform and active trading community offer traders a wealth of resources and support to help them excel in their forex trading journey. While bluFX does provide valuable educational resources and mentorship programs, FTMO’s all-encompassing approach and commitment to fostering a collaborative trading environment make it stand out.

Ultimately, the choice between bluFX and FTMO depends on each trader’s individual preferences and requirements. However, we believe that FTMO’s emphasis on skill validation, consistent profit share, and extensive educational resources make it a more attractive option for traders seeking to grow and succeed in the world of forex trading.

Learn More About FTMO