The5ers or MyFundedFX: Which Prop Firm Is Right for You?

Home » The5ers or MyFundedFX: Which Prop Firm Is Right for You?

The5ers or MyFundedFX: Which Prop Firm Is Right for You?

If you’re looking to grow your trading career with a funded account, The5ers and MyFundedFX are two names you’ve probably come across. Both are popular choices in the proprietary trading world, but they cater to different types of traders. Whether you’re after flexibility, bigger scaling opportunities, or modern trading platforms, there’s a lot to unpack here. Let’s break it down in plain terms so you can pick the one that suits you best.

Trading Platforms: Old School vs. Variety

The5ers keeps things simple with its proprietary trading system. It’s a solid option if you prefer a no-frills approach.
MyFundedFX, on the other hand, offers platforms like MatchTrader, cTrader, and DXTrade. This variety gives you the freedom to trade on systems you’re already comfortable with.

If platform choice matters to you, MyFundedFX comes out ahead. But if simplicity is your thing, The5ers might feel just right.

What Can You Trade?

Both firms let you trade the usual suspects: Forex, Crypto, Indices, and Commodities. But there are some differences:

The5ers includes Metals in its lineup, which is great if you’re into gold and silver.
MyFundedFX swaps that out for Energies like oil and gas, a niche many traders appreciate.

So, which one’s better? It depends on what you like to trade. Metals vs. Energies—take your pick.

Challenges and Scaling: Who Offers More?

This is where things get interesting.

The5ers offers challenges with one or two phases, letting you scale your account up to $4 million—a massive number for ambitious traders. They also offer a starting allocation of up to $615,000.
MyFundedFX mixes things up with one, two, and even three-phase challenges. But their max scaling caps out at $1 million, with a starting allocation of $400,000.

If scaling big is your goal, The5ers is the clear winner. But if you want more challenge options, MyFundedFX has you covered.

Getting Paid: Payment and Withdrawal Options

Both firms support crypto payments and withdrawals, but The5ers takes things further:

The5ers lets you pay with wire transfers, Stripe, credit/debit cards (Visa, Mastercard), and Confirmo.
MyFundedFX sticks to crypto and credit/debit cards.

Withdrawal-wise, both firms support Rise and crypto. The5ers edges out here with more flexibility for payments.

The Rules: What’s Allowed and What’s Not

Both firms are strict about certain trading styles:

No High-Frequency Trading (HFT).
No martingale strategies.
No hedging.
But both allow copy trading, which is a plus if you like using automated strategies.

Who Can Join?

Here’s a quick look at where they don’t operate:

The5ers bans traders from a longer list of countries, including the US, Iraq, and Syria.
MyFundedFX excludes some additional countries, like Russia, Pakistan, and the UAE.

Make sure you check their list before diving in.

Key Takeaways: Which One Should You Choose?

Feature	The5ers	MyFundedFX
Platforms	Proprietary System	MatchTrader, cTrader, DXTrade
Instruments	Includes Metals	Includes Energies
Max Scaling	$4,000,000	$1,000,000
Payment Options	Crypto, Stripe, Wire Transfer	Crypto, Credit/Debit Cards
Challenge Options	1-Phase, 2-Phase, 3-Phase	1-Phase, 2-Phase, 3-Phase

Go with The5ers if you’re all about scaling big and want more payment options.
Choose MyFundedFX if you value modern platforms and flexible challenge structures.
At the end of the day, it’s about what fits your trading style. Both firms are solid choices, so think about your priorities and take the plunge with confidence.

What is Prop Firm Trading?

What sets Prop Firm Trading apart from the rest? Our mission is clear: to empower traders like you by providing the latest discounts, coupon codes, and exclusive offers in the realm of proprietary trading. We believe in a seamless experience, sparing you the frustration of searching for and applying outdated and irrelevant coupons.

Prop Firm Trading is committed to transparency. The display of third-party trademarks and trade names on our site is not an endorsement but a reflection of our dedication to providing comprehensive information. We aim to keep you informed and empowered throughout your trading journey.

As you explore our platform, remember that if you click a merchant link and make a purchase on their website, we may receive a fee as compensation. This mutually beneficial arrangement allows us to continue providing you with the exceptional service and valuable insights that have become synonymous with Prop Firm Trading.

Thank you for choosing Prop Firm Trading as your trusted resource in the world of proprietary trading. We look forward to being your partner in success, saving you time, and maximizing your profits. Cheers to another year of collaborative trading excellence!

Prop Firm
Trading

The5ers or MyFundedFX: Which Prop Firm Is Right for You?