Time limits
Neither firm forces you to hit a profit target within a specific month, but they both limit your freedom to step away from the markets. You cannot leave your account untouched indefinitely.
- My Funded Perps: You are restricted by an inactivity rule that forces you to trade at least once every 30 days during the evaluation. Once funded, this window shrinks significantly: you cannot go more than 7 days without a trade.
- forTraders Perps: The restriction is even tighter from the start. You are not allowed to let 7 days pass without closing at least one position, both in the challenge and the Master account. Failing to do so results in a hard breach and the loss of the account.
Weekends and news
The freedom to hold trades and capitalize on high-impact events is heavily regulated in both entities, though the specific barriers differ.
- My Funded Perps: You cannot hold positions in "23/5" markets (Forex, Indices, Commodities) over the weekend; the platform will force-close them 15 minutes before Friday’s close. While news trading is free during evaluation, funded traders are barred from opening new exposure 10 minutes before and 2 minutes after high-impact news, and manual trading is strictly prohibited in the 4-minute window surrounding the event.
- forTraders Perps: You face a news barrier on the Master account where opening new positions is forbidden from 5 minutes before to 5 minutes after high-impact data. Breaking this "soft breach" can lead to the deduction of those profits. On the other hand, you are not limited by weekend closures; even indices and gold trade 24/7 on their platform.
Where you can trade from
Geography and technical access act as hard boundaries for both firms. You cannot access their capital if you reside in several restricted jurisdictions.
- My Funded Perps: You are blocked if you are in the United States, Russia, Ukraine, Venezuela, Pakistan, Vietnam, or several other countries. Furthermore, you cannot use a VPN to hide your location or bypass these restrictions, as datacenter IPs are subject to review.
- forTraders Perps: Access is denied to residents of the Russian Federation, Belarus, United Arab Emirates, Iran, North Korea, and several regions in Ukraine (Crimea, Donetsk, Luhansk), among others.
What the platform limits
You are forced to use proprietary web terminals; you cannot trade via MetaTrader 4 or 5 with either firm. This technical choice limits your ability to use standard third-party tools.
- My Funded Perps: You cannot use fully autonomous EAs unless you go through the technical hurdle of their official API (REST/WebSocket). You are also limited by execution speed: you cannot exceed 30 orders per minute or 250 per hour.
- forTraders Perps: You are strictly forbidden from using fully autonomous trading bots. EAs are only allowed as "support tools" for alerts or partial management. Additionally, you cannot perform "tick scalping" or any trade lasting less than 5 seconds.
What the rules cost you
The cost of entry limits how many attempts you can afford, and the drawdown rules limit how much "breathing room" your capital actually has.
- My Funded Perps: Your fee is non-refundable. Depending on the plan, your maximum drawdown is limited to 3%, 5%, or 6%, and it is static, meaning it doesn't move in your favor. Payouts are limited by a lifetime cap of $100,000 across all accounts; once reached, you can no longer buy new challenges.
- forTraders Perps: Your profit potential is throttled by a $10,000 maximum withdrawal limit per reward. To even request a payout, you must first reach 1% profit, and then achieve a 2% growth between subsequent rewards. Withdrawals also carry fees: $25 for small crypto amounts and $50 via Rise for larger ones.
Restrictions that add up
When you combine these rules, the "perpetual" nature of these firms reveals its own set of chains. At My Funded Perps, the combination of a 3% daily drawdown (on most plans) and the prohibition of manual news trading creates a environment where a single volatility spike can trigger a breach before you can even react.
At forTraders Perps, the 5-second minimum hold rule combined with the requirement for 2% growth between payouts prevents you from "locking in" small, quick gains. You are forced to stay exposed to the market longer than a pure scalper would like, all while the 7-day inactivity rule prevents you from waiting out periods of low liquidity or high uncertainty.
