My Funded Futures and Tradeify are two platforms offering traders access to funded accounts, but they differ in rules, scaling plans, and payout structures. Here’s a quick breakdown:
- Profit Targets: My Funded Futures has a 1-step or 2-step evaluation process with clear profit and loss limits. Tradeify skips traditional evaluations, offering immediate simulated trading.
- Consistency Rules: My Funded Futures enforces stricter rules depending on the plan, while Tradeify has relaxed initial requirements but imposes conditions for payouts.
- Scaling Plans: My Funded Futures rewards consistent performance over time, while Tradeify focuses on quick growth tied to profit milestones.
- Payouts: My Funded Futures has structured schedules, while Tradeify offers more flexible withdrawal options with a conditional 90/10 profit split.
- Technology: Both platforms support popular trading tools, but Tradeify includes free platform access and data, potentially saving costs.
Quick Comparison
| Feature | My Funded Futures | Tradeify |
|---|---|---|
| Profit Target | $3,000 (1-step/2-step evaluations) | Performance-based milestones |
| Consistency Rules | Strict (20%-50%) | Relaxed, stricter for payouts |
| Scaling | Gradual, time-based | Profit-driven |
| Profit Split | 80/20 standard | 90/10 (conditional), 80/20 |
| Payout Frequency | Structured (5/14 days) | Flexible, anytime |
| Platform Tools | Broad compatibility | Free tools and data included |
Your choice depends on your trading style and goals: My Funded Futures suits those seeking structured growth, while Tradeify appeals to traders focused on faster progress and flexibility.
Tradeify vs MyFundedFutures – Best Straight To SIM Funded Plans
Account Rules and Trading Requirements
Getting familiar with the rules and requirements of each platform is essential for finding one that suits your trading style. My Funded Futures and Tradeify each have unique evaluation processes, consistency expectations, and trading platform support, all of which can shape your overall experience. Let’s break down their profit goals, consistency rules, and the tools they offer.
Profit Targets and Evaluation Process
My Funded Futures offers two distinct paths to live funding. The first is their 2-Step Evaluation-to-Live Plan, where traders must complete two phases before gaining access to live capital. For a $50,000 account, you’ll need to hit a $3,000 profit target in both Step 1 and Step 2, while adhering to an end-of-day maximum loss limit of $1,500 for each phase. Each phase also comes with its own consistency requirement.
The second option, the 1-Step Evaluation-to-Live Plan, simplifies the process. Here, you only need to complete one phase by reaching the same $3,000 profit target and following the $1,500 daily loss limit. This streamlined approach can allow traders to begin trading a live funded account in as few as five trading days.
Tradeify takes a different route with their Lightning Funded Accounts. Instead of requiring traditional evaluation phases, they allow traders to immediately start trading simulated funds. From there, traders work toward specific profit goals to qualify for payouts, skipping the typical assessment process entirely.
Consistency Rules
Consistency requirements can greatly influence how you approach trading. My Funded Futures applies different thresholds depending on the evaluation path. In the 2-Step plan, the consistency rule becomes stricter as you progress, moving from 40% in the first phase to 50% in the second. This structure encourages traders to maintain a balanced trading strategy as they advance.
The 1-Step plan, on the other hand, has a more lenient 20% consistency rule. This means that no single trading day can account for more than one-fifth of your total profits during the evaluation. This flexibility can benefit traders who experience exceptional performance on certain days.
Tradeify’s Lightning Funded Accounts take a more relaxed approach during the initial phase, with no traditional consistency rules in place. However, specific consistency requirements may come into play once you begin the payout process.
Supported Trading Platforms and Tools
The trading platforms and tools available can make or break your experience. My Funded Futures offers compatibility with a wide range of platforms, including NinjaTrader, TradingView, Volsys/Volbook, Tradovate, Volumetrica, ATAS, and Quantower. They’ve also partnered with dxFeed to deliver high-quality, real-time futures market data, providing precise and comprehensive market insights.
Tradeify, meanwhile, supports platforms such as ProjectX, QuantTower, Tradovate, NinjaTrader, and TradingView (via Tradovate integration). They also provide free access to Tradovate and NinjaTrader, along with complimentary real-time data and a built-in trade journal for performance analysis.
Both platforms support popular choices like NinjaTrader, Tradovate, and TradingView, ensuring compatibility for traders who prefer mainstream tools. However, My Funded Futures caters to those who lean toward specialized platforms, while Tradeify stands out with its unique offerings like ProjectX and QuantTower. Additionally, Tradeify’s free real-time data and platform access can translate into significant cost savings, especially for traders just starting out.
Account Scaling Plans and Growth Options
Expanding your trading account opens up more opportunities, and both My Funded Futures and Tradeify offer distinct paths to achieve this. Their methods differ in progression strategies, fee structures, and account size limits. Let’s take a closer look at how each platform approaches scaling.
Scaling Tiers and Account Progression
My Funded Futures follows a structured approach, allowing account growth only after traders demonstrate consistent performance over time. This method rewards steady progress and disciplined trading.
Tradeify, on the other hand, opts for a performance-driven model. Once traders hit specific profit milestones, they unlock immediate – though smaller – account expansions.
Monthly Fees and Scaling Requirements
Fee structures play a key role in differentiating these platforms.
My Funded Futures charges a monthly fee tied to the account size and requires traders to meet a set performance period before scaling up. This ensures growth is tied to consistent results.
Tradeify’s fees depend on the selected plan, and scaling happens when specific profit targets are achieved. This approach focuses more on quick performance gains.
Scaling Plans Comparison Table
| Feature | My Funded Futures | Tradeify |
|---|---|---|
| Starting Account | Standard initial funded account | Standard initial funded account |
| Maximum Account Size | Offers higher capital limits | Lower maximum account size |
| Monthly Fee | Adjusts with account size | Varies based on chosen plan |
| Scaling Timeline | Requires a set performance period | Based on reaching profit milestones |
| Scaling Criteria | Focuses on consistent, time-based performance | Focuses on profit milestones |
| Fee Structure | Proportional to account size | Depends on the selected plan |
Choosing between these platforms depends on your trading style and goals. My Funded Futures is ideal for traders who prefer a structured, gradual path with the potential for larger accounts over time. Tradeify, however, caters to those seeking quicker account growth based on hitting performance benchmarks. Both options require disciplined trading and solid risk management to succeed.
Payout Cycles and Profit Distribution
Making a profit is the ultimate goal, but how and when you receive those profits can vary significantly between platforms. Both My Funded Futures and Tradeify have distinct approaches to profit sharing and payout schedules, which can directly impact your cash flow as a trader.
Profit Split Percentages
My Funded Futures keeps things simple with an 80/20 profit split across all simulated funded plans.
Tradeify, on the other hand, introduces a more layered structure. They offer a 90/10 split for payouts that fall within your starting balance. However, for any amounts exceeding your starting balance, the split adjusts to 80/20, aligning with My Funded Futures’ standard rate.
There’s a catch with Tradeify’s 90/10 split – it comes with a challenging condition. Traders must achieve a $200 profit on 20 consecutive trading days to qualify, making it a test of consistency and discipline.
Withdrawal Frequency and Processing Speed
When it comes to withdrawal schedules, both platforms take different approaches:
- My Funded Futures: The withdrawal frequency depends on the type of account you hold:
- Core and Scale accounts: Payout requests are allowed every 5 winning days, provided specific daily profit targets are met. Core accounts require $100 in daily profits, while Scale accounts have varying thresholds based on account size.
- Pro accounts: These traders operate on a bi-weekly schedule, requesting payouts every 14 calendar days from the date of their first trade.
Processing times with My Funded Futures are relatively fast. For simulated funded accounts, most payouts are approved instantly, though manual reviews may occasionally extend processing by up to 12 business hours on weekdays. For live accounts, requests submitted before 11:00 AM EST are typically processed the same day, while later submissions are handled the next business day.
- Tradeify: Traders can request payouts at any time once they meet the conditions for their Advanced, Growth, or Lightning Funded accounts. Once approved, funds are usually transferred within 24-48 hours. However, requests submitted outside business hours (8:00 AM–5:00 PM EST) may take up to 72 hours to process.
Payout Structure Comparison Table
| Feature | My Funded Futures | Tradeify |
|---|---|---|
| Profit Split (Standard) | 80/20 (trader/firm) | 80/20 for amounts above starting balance |
| Profit Split (Premium) | Not available | 90/10 for starting balance (with conditions) |
| Payout Frequency | Every 5 winning days (Core/Scale) or 14 calendar days (Pro) | Anytime after meeting conditions |
| Processing Time | Instant to 12 hours (sim-funded), same day (live) | 24-48 hours standard, up to 72 hours |
| Minimum Withdrawal | $250 (Core/Scale), $1,000 (Pro) | Varies by account type |
| Special Conditions | Daily profit minimums required | 20 trading days with $200+ profit for 90/10 split |
My Funded Futures offers predictable payout schedules and a straightforward profit split, making it an appealing choice for traders seeking simplicity. On the other hand, Tradeify provides flexibility in payout timing and the potential for a higher profit split – but only for those who can consistently meet its stricter conditions.
Next, we’ll dive into the trading technology and VPS hosting options available on each platform to see how they enhance the trading experience.
Technology Infrastructure and VPS Hosting
When it comes to successful trading, having a strong technological backbone is just as important as understanding payout structures. Let’s dive into the tools that keep your trading operations running smoothly.
Trading Technology and Platform Integration
Both My Funded Futures and Tradeify support popular trading platforms like NinjaTrader 8, TradingView, and Quantower. These platforms ensure traders have access to real-time data and low-latency execution – two critical components for making timely decisions. Tradeify goes a step further by highlighting mobile trading capabilities, catering to those who prefer to trade on the go. Meanwhile, My Funded Futures focuses on delivering the real-time data and lightning-fast execution that active traders rely on.
But platform compatibility alone isn’t enough. To maintain consistent performance, reliable VPS hosting is a must.
VPS Hosting for Better Trading Performance
For professional futures traders, uninterrupted uptime and ultra-low latency are non-negotiable. That’s where Virtual Private Server (VPS) hosting steps in to provide a stable and reliable trading environment.
QuantVPS specializes in VPS hosting tailored for futures and forex trading. With ultra-low latency ranging from 0 to 1 millisecond and a 100% uptime guarantee, QuantVPS ensures your trading software stays online 24/7. Features like DDoS protection, automatic backups, and global accessibility add an extra layer of reliability and security.
QuantVPS supports major trading platforms such as NinjaTrader, MetaTrader, and TradeStation. Its infrastructure is built for performance, offering high-speed CPUs, NVMe storage, and full root access so traders can customize their setup to fit their needs.
Here’s a breakdown of QuantVPS’s hosting plans:
- VPS Lite: $59.99/month (or $41.99/month when billed annually)
Includes 4 cores, 8GB RAM, and 70GB NVMe storage. - VPS Pro+: $129.99/month
Offers 6 cores, 16GB RAM, and enhanced performance. - VPS Ultra: $189.99/month (or $132.99/month when billed annually)
Comes with 24 cores, 64GB RAM, and 500GB NVMe storage – ideal for high-demand trading. - Dedicated+ Server: $399.99/month
Provides 16+ dedicated cores, 128GB RAM, more than 2TB of NVMe storage, and 10Gbps+ network connectivity for unparalleled speed and power.
With these plans, QuantVPS delivers the tools needed for traders to maintain an edge in the fast-paced world of futures trading.
Pros and Cons Summary
My Funded Futures stands out for its flexible consistency rules, which could appeal to traders looking for a more adaptable trading style. However, as a newer platform, it faces some challenges, including reported concerns about withdrawals, changes to rules, and customer support responsiveness. Additionally, it offers fewer educational resources and support compared to more established competitors. Recurring fees are another consideration – CME data fees (around $75 per month) are not included in the subscription, and traders may incur ongoing subscription costs during both the evaluation phase and after obtaining a funded account.
Below is a concise breakdown of the platform’s advantages and disadvantages:
Advantages and Disadvantages Summary for My Funded Futures
| Aspect | Details |
|---|---|
| Advantages | • Flexible consistency rules, ideal for traders seeking a more adaptable approach. |
| Disadvantages | • Limited scaling options • Complicated withdrawal process requiring a Rise Works account • Recurring costs, including CME data fees (~$75/month) and subscription fees • Consistency rules that limit single-day profits • Extensive list of restricted countries |
| Risk Factors | Newer platform with a shorter track record and reported issues with withdrawals and rule changes |
Traders should carefully consider these factors to decide whether the platform’s flexibility aligns with their trading goals and tolerance for potential risks.
Conclusion: Which Platform to Choose
Choosing the right platform comes down to your trading style, profit objectives, and whether you prioritize flexible rules or higher profit splits.
If you’re looking for a platform that supports diverse trading strategies with adaptable rules, My Funded Futures might be the better fit. It offers consistent profit splits of 80/20 across all plans, making it appealing for traders who value flexibility in their approach. On the other hand, Tradeify caters to those seeking higher profit shares, with a conditional 90/10 split tied to specific starting balances. This could be especially attractive to conservative traders aiming for stronger early earnings.
However, keep in mind that Tradeify’s limited details on payout cycles may require a closer look before committing. Both platforms deliver excellent performance through advanced technology and VPS hosting, ensuring smooth execution with minimal latency.
Ultimately, the decision boils down to what matters most to you: higher profit splits or more flexible trading rules. Align these factors with your goals to choose the platform that best supports your trading success.
FAQs
How do My Funded Futures and Tradeify differ in their evaluation processes and profit targets?
My Funded Futures uses a two-phase evaluation system designed to assess traders on two key fronts: consistent profitability and strict risk management. For instance, traders managing a $50,000 account are typically expected to achieve around $3,000 in profit during the evaluation while following rules like a 50% daily profit cap.
Tradeify, on the other hand, takes a challenge-based approach. Traders face flexible profit goals that can range from $3,000 to $9,000, depending on the account type. These challenges often come with specific profit milestones and set timeframes, and advanced plans even offer instant funding opportunities. The main distinction here is that My Funded Futures emphasizes a rules-focused framework, while Tradeify provides a more adaptable structure with potentially higher profit targets.
What are the payout structures, profit splits, and conditions for My Funded Futures and Tradeify?
My Funded Futures stands out by offering an 80% profit split to its traders, with payouts scheduled either weekly or bi-weekly depending on the selected plan. Certain plans also feature a payout cap of $100,000. To access these earnings, traders must hit minimum profit targets and strictly follow the platform’s trading rules.
Tradeify, on the other hand, provides a 100% profit split for earnings up to $15,000. Beyond this threshold, traders retain 90% of their profits. Payouts are processed three times a month, with a minimum payout amount of $1,000 and a requirement of at least 10 trading days between withdrawals. Like My Funded Futures, Tradeify enforces specific profit targets and account-specific rules that traders must follow.
Both platforms prioritize consistent trading performance and adherence to their guidelines to qualify for payouts.
What trading platforms do My Funded Futures and Tradeify support, and how do these options affect trading costs and performance?
My Funded Futures works seamlessly with a range of trading platforms, such as NinjaTrader, Tradovate, Rithmic R|TRADER Pro, Sierra Chart, Quantower, ATAS, Jigsaw Trading, and TradingView. Similarly, Tradeify supports platforms like ProjectX, Tradovate, NinjaTrader, and TradingView. These platforms offer features like advanced charting tools, automation capabilities, and precise trade execution – key elements that can elevate your trading performance.
That said, the platform you choose can also affect your trading costs. Subscription fees, data feed charges, and other expenses tied to specific platforms can vary widely. It’s essential to weigh these costs against your trading strategy and budget. Picking the right platform isn’t just about functionality – it can also boost your efficiency and bottom line.
