Choosing the right forex prop trading firm can make or break your success. FTMO is a well-known name, but Sponsor Trading is shaking things up as the world’s first no-evaluation prop firm with live MetaTrader 5 (MT5) accounts. Let’s break down how they compare.
FTMO: The Traditional Route
FTMO offers funded accounts, but you’ll need to pass a two-phase evaluation with strict profit targets and time limits. Their process can take weeks, and you’re trading on demo accounts until you qualify. While FTMO’s profit split (up to 90%) is attractive, the upfront challenge fees and waiting period can be hurdles for traders eager to start.
Sponsor Trading: Instant Access
Sponsor Trading skips the red tape. As the first prop firm to offer live MT5 accounts without evaluations, you trade real capital from day one. Here’s why it stands out:
No Evaluations: Start with $5,000–$20,000 accounts immediately (fees: $59–$199).
Live MT5 Platform: Enjoy real-time execution and multi-asset trading, unlike FTMO’s demo phase.
70:30 Profit Split: Keep 70% of profits with instant withdrawals after hitting a 10% target.
Flexible Rules: No time limits, 1:100 leverage, and a max 4% daily drawdown.
Extra Perks
Sponsor Trading goes beyond funding. Consistent traders can earn monthly salaries (up to $2,000), relocation support, or a trading laptop. Their 4-tier affiliate program pays up to 20% commissions, outpacing many competitors.
Why Choose Sponsor Trading?
FTMO’s evaluation model suits some, but Sponsor Trading’s instant access and live accounts make it ideal for traders who want to earn now, not later. Visit www.sponsortrading.com or email [email protected] to start trading today.