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Comparison · Forex

Trading styles allowed at FTMO and Fundex

FTMO is an established industry leader from the Czech Republic offering $100,000 accounts for approximately €540 with a 90% profit split and a 14-day payout cycle. Fundex is a 2025 newcomer based in Panama offering a similar $100,000 challenge for $529, featuring on-demand payouts but with a lower profit split (70-80%) and a business model that defines payouts as discretionary bonuses. While FTMO relies on a traditional static 10% maximum drawdown and 5% daily equity limit, Fundex uses a 5% daily limit only during evaluation and applies a 10% maximum drawdown based on the original balance.

Updated on

Scalping and Intraday Trading

FTMO is a haven for scalpers as it places no restrictions on holding times or the number of trades executed. Traders can utilize MetaTrader 4, MetaTrader 5, cTrader, or TradingView, benefiting from raw spreads and a commission of $5 per lot.

In contrast, Fundex applies significant limitations depending on the plan:

  • 2-Step Classic: Every trade must be held for at least 3 minutes. Closing a trade earlier (even via TP or SL) results in a warning, and repeated violations lead to an account breach.
  • 2-Step Pro: This plan removes the 3-minute rule, making it the only viable option for scalpers within this firm.
  • Cost and Risk: Fundex offers 100:1 leverage on Forex, similar to FTMO's standard accounts. However, the 3-minute restriction in the Classic plan makes high-frequency manual trading nearly impossible.

Swing Trading and Weekend Holding

FTMO manages swing trading through two distinct account types. The Standard account requires closing positions before the weekend (or any market break longer than 2 hours) and offers 100:1 leverage. The Swing account allows weekend holding but reduces leverage to 30:1. This trade-off between leverage and flexibility is a key factor for long-term traders.

Fundex offers a more straightforward approach for swing traders:

  • Weekend Holding: Allowed by default with no specific restrictions mentioned.
  • Leverage: Maintains 100:1 on Forex regardless of holding over the weekend.
  • Platform: Swing traders might find the Fundex Terminal or MatchTrader less robust for deep technical analysis compared to FTMO's integration with TradingView and MetaTrader.

News Trading

FTMO treats news trading differently based on the account type. On Standard accounts, traders cannot execute or close trades (including SL/TP triggers) 2 minutes before and after high-impact news releases. On Swing accounts, there are no restrictions.

Fundex allows news trading across all its plans without time-based restrictions. This makes Fundex a more flexible option for those who trade volatility spikes, provided they don't violate the 3-minute rule in the Classic plan or the 3% maximum risk per trade rule during the evaluation phases.

Automated Trading (EAs)

FTMO is very permissive with Expert Advisors, provided they do not engage in prohibited practices like latency arbitrage or account rolling. It is a stable environment for developers using MT4 or MT5.

Fundex allows EAs but with much stricter "fair use" definitions:

  • Strategy Ownership: The underlying strategy must be the trader's own.
  • Prohibitions: Arbitrage, HFT, martingale, grid, and external trade-replication systems are strictly forbidden.
  • Risk Interaction: Fundex prohibits the use of VPNs, which can be a significant hurdle for traders using VPS services to run their EAs, as it might trigger security flags.

Copy Trading and Hedging

FTMO explicitly allows copy trading, whether from your own accounts or external sources, and permits hedging (holding long and short positions simultaneously).

Fundex is highly restrictive in this category:

  • Copy Trading: Strictly prohibited. This includes replicated signals and self-copy trading.
  • Hedging: Prohibited across different Fundex accounts or between Fundex and external firms. While the data does not clarify internal hedging within a single account, the general stance against "correlated position stacking" suggests a low tolerance for complex hedging strategies.

If you trade like this

  • If you are a pure Scalper: Choose FTMO. Their lack of holding-time restrictions and superior platform variety (cTrader/TradingView) far outclass Fundex’s restrictive 3-minute rule in their Classic plans.
  • If you trade News: Choose Fundex or FTMO Swing. Both allow news trading, but Fundex offers higher leverage (100:1) during news events compared to FTMO’s Swing account (30:1).
  • If you use EAs: Choose FTMO. The platform stability and the ability to use VPNs/VPS without the fear of being flagged for "unrealistic retail trading" make it safer for automation.
  • If you want the fastest Payouts: Choose Fundex. While FTMO’s 14-day cycle is fast, Fundex claims to process most requests within 60 minutes, 24/7, including weekends.

Frequently asked questions

Which firm is cheaper for a $100,000 challenge, FTMO or Fundex?

Fundex is slightly cheaper in nominal terms, offering its 2-Step Classic $100k account for $529 USD. FTMO charges approximately €540 (which converts to a higher USD amount) for the same account size. However, FTMO provides a refund of the fee with the first payout on its 2-Step accounts, whereas Fundex explicitly states that fees are non-refundable once the account is accessed.

Which firm allows more leverage for Forex trading, FTMO or Fundex?

Both firms offer a maximum leverage of 100:1 for Forex on their standard or classic evaluation accounts. The difference lies in the swing configurations: FTMO reduces leverage to 30:1 if you want to hold positions over the weekend on a dedicated Swing account, while Fundex maintains 100:1 leverage while allowing weekend holding by default.

Can I use a Copy Trading software to link my accounts in FTMO and Fundex?

In FTMO, you are allowed to use copy trading to link your own accounts or even copy from external sources. In Fundex, copy trading is strictly prohibited, including self-copying and replicated signals. Using such software in Fundex would likely result in a permanent breach of the account and the forfeiture of any profits.

Between FTMO and Fundex, which one has more restrictive rules for scalpers?

Fundex is significantly more restrictive for scalpers due to its "3-minute rule" in the 2-Step Classic plan, which requires all trades to be held for at least 180 seconds. FTMO has no minimum holding time requirements across any of its platforms or accounts, making it the superior choice for high-frequency or rapid intraday traders.

Field by field

FTMO and Fundex, side by side

Rules, plans, platforms, leverage, commissions and payouts of both, with the option to see only what differs.

Head to head

54 differences

Headquarters

Praga 1, Calle Purkynova 2121/3, 110 00, Czech Republic

World Trade Center 200-B, Suite 306, Calle 53 Este, Marbella, Panama City

CEO

Otakar Suffner

No data
Country

Czech Republic

Panama

Foundation

2015

2025

Banned Countries
Afghanistan, Anguilla, Antarctica, Antigua and Barbuda, Belarus, Belize, Bhutan, Bouvet Island, Burundi, Cape Verde, Central African Republic, Chad, Cook Islands, Comoros, Congo, Cuba, Djibouti, Dominica, Equatorial Guinea, Eritrea, Fiji, Gabon, Gambia, Grenada, Guinea, Guinea-Bissau, Vatican City, India, Indonesia, Iraq, Kazakhstan, Kiribati, Kosovo, Kyrgyzstan, Lesotho, Liberia, Malawi, Mali, Mauritania, Marshall Islands, Micronesia, Nauru, Niger, Niue, Papua New Guinea, Russia, Saint Barthélemy, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome and Principe, Seychelles, Sierra Leone, Solomon Islands, Somalia, South Sudan, Sudan, Suriname, Eswatini, Tajikistan, Timor-Leste, Tokelau, Tonga, Turkmenistan, Tuvalu, Ukraine (Crimea, Sevastopol, Donetsk, Kherson, Luhansk, Zaporizhzhia), Uzbekistan, Vanuatu, Venezuela, Western Sahara
Pakistan, Afghanistan, Myanmar, Iraq, Somalia, Sudan, South Sudan, Libya, Yemen, United Arab Emirates, North Korea, Iran, Syria, Cuba, Belarus, Russia
Assets
Forex, Indices, Commodities, Crypto, Stocks
Forex, Commodities, Indices, Stocks, ETFs, Crypto
Brokers

Liquidity Provider

Pure Market for CFDs. Bitunix provides the market conditions and pricing for crypto perpetuals traded through Fundex Terminal.

Refund
Yes

(Only 2-Step Challenge) Full refound after first payout

No

Fees are non-refundable once the account is created and access is granted. If payment is taken but no account is delivered, Fundex reviews the case individually.

Platforms
Metatrader 4, Metatrader 5, cTrader, DXTrade, Tradingview
Propietary Platform
Payout Methods
Transfer, PayPal
Rise
Payment Methods
Card, Crypto, PayPal, Skrill
Card, Crypto, ApplePay, GooglePay
Margin Call Level

100%

No data
Payout Frequency

14 days

On demand, with no fixed windows, waiting periods or limit on request frequency. Fundex states that most requests are processed within 60 minutes and all within a maximum of 24 hours, including weekends and public holidays.

Alternative Currency
EUR, CZK, GBP, CAD, AUD, CHF
No data
Minimum Withdrawal
  • Bank transfer: $20
  • Crypto: $50

$50

Crypto Weekend Trading
No data
Yes
Maximum Withdrawal
No data

No published maximum.

Forex
  • Standard: 100:1
  • Swing: 30:1
100:1
Metals
  • Standard: 30:1
  • Swing: 9:1

CFDs: up to 20:1. Fundex Terminal: 1:1 or 2:1, depending on the instrument.

Indices
  • Standard: 50:1
  • Swing: 15:1
20:1
Stocks
  • Standard: 3.33:1
  • Swing: 1:1
1:1
Crypto
  • Standard: 3.33:1
  • Swing: 1:1

Up to 4:1 on BTCUSDT and ETHUSDT; up to 2:1 on other cryptocurrencies, with some instruments limited to 1:1.

Energies
No data
20:1
Forex
5 / lot
No data
Metals
0.0014%
No data
Indices
0
No data
Stocks
0.004%
No data
Crypto
0.065%
0.02% - 0.06%
Commission-Free Option
No
No data
Swap Free
No
No
Add-ons
No
No
Instant
Yes
No
One Step
Yes
Yes
Account scaling
Yes

Requirements

  • Minimum of 4 months cycle
  • At least 10% total net simulated profit in the 4-months trading window, date to date
  • Process at least 2 rewards
  • Positive account balance at the time of scale-up

Benefits

  • Upgraded reward to 90%
  • $2M scale-up cap
  • Continuous increase when criteria are met
No
Two Steps
Yes
Yes
Max Drawdown
  • 1-Step: End-of-day trailing
  • 2-Step: Static
  • Instant: Intraday trailing on closed balance. It does not reset after a Reward withdrawal.
  • 2-Step Classic: Evaluation uses a 10% static maximum drawdown from the starting balance, measured on equity and reset when Phase 2 begins. Once funded, a 10% drop from the original balance while in B-Book causes a permanent breach.
  • 2-Step Pro: 8% static maximum drawdown.
  • 1-Step Classic: Static evaluation drawdown based on starting balance and measured on equity, including open positions.
Profit Split

90%

2-Step Classic starts at a 70% trader profit split. 2-Step Pro starts at 80%. The split applies to eligible A-Book profits generated above the starting balance and after clearing any prior B-Book offset; on 2-Step Pro it is calculated when the payout is requested. Fundex's legal terms state that payments are discretionary bonuses rather than a fixed contractual split.
1-Step Classic: the trader profit split is shown in each challenge and is calculated when the payout is requested.

Free Trial
Yes
Yes

A free $1,000 Test Account is available to eligible traders who do not currently hold a Fundex account. It uses Fundex Terminal only, with a 10% target, 5% daily drawdown, 10% maximum drawdown and 5 minimum trading days. Profits cannot be withdrawn and completion rewards may vary.

Daily Drawdown

Equity based

Evaluation: the daily loss limit is recalculated at 00:00 UTC from the balance at that time and measured on equity, including open positions. The applicable percentage is shown in each challenge. There is no daily loss limit at the funded stage.

Three Steps
No
No
Max Allocation
400,000
400,000
Merge Accounts
Yes
Yes

Funded accounts can be merged provided their combined balance does not exceed the $400,000 maximum allocation.

Maximum Trading Days

Unlimited

No maximum time limit.

Minimum Trading Days
  • 1-Step: 0 days
  • 2-Step Phase 1 and 2: 4 days
  • Instant: 0 days
  • 2-Step Classic: 5 days in each evaluation phase. To count, at least one trade must be opened with a notional value of at least 5% of the account balance before leverage.
  • 2-Step Pro: No minimum trading days.
  • 1-Step Classic: 5 evaluation trading days. A day counts only if at least one trade has a notional size of at least 5% of the account balance before leverage.
Monthly Competition
Yes
No
Profit After Breach
No data

Evaluation: reaching the daily or total loss threshold causes a breach. Funded: permanent breach follows four consecutive unrecovered B-Book switches, or a 10% decline from the original balance while the account is in B-Book.

Maximum Accounts
No data

Multiple evaluations and accounts are allowed. Total funded allocation is capped at $400,000.

Expert Advisor (EA)
Yes
Yes

EAs and automated systems are allowed when the underlying strategy is the trader's own. Arbitrage, HFT, martingale, grid, environment-exploitation and external trade-replication systems are prohibited.

VPN
Yes
No
Hedging
Yes
Limited

Hedging or arbitraging across Fundex accounts, or between Fundex and external accounts, is prohibited. The website does not clarify internal hedging within one account.

Requires Stop Loss
No
No
Scalping
Yes
Limited
  • 2-Step Classic: During evaluation, every trade must remain open for at least 3 minutes, including when TP or SL is triggered. The first violation generates a warning and later violations may cause a breach. There is no minimum holding time once funded.
  • 2-Step Pro: No minimum holding time during evaluation or once funded.
  • 1-Step Classic: Every evaluation trade must remain open for at least 3 minutes, including TP/SL closures. The first violation generates a warning; repeated violations cause a breach. No minimum holding time once funded.
Stacking / Layering (DCA)
Yes
No
Maximum Risk Limit
No
Limited

During both evaluation phases, a single trade cannot lose more than 3% of the balance, including floating losses. The first violation generates a warning. This limit does not apply once funded.
1-Step Classic: Position exposure is measured as notional value relative to equity. Per position, up to 25% is compliant, over 25% through 40% generates a warning, and above 40% is a violation subject to review. Total simultaneous exposure during evaluation: up to 50% is compliant, over 50% through 80% generates a warning, and above 80% is a violation. Once funded, total exposure above 60% is a violation.

Copy Trading
Yes
No
News Trading
Yes

Standard

Not allowed to execute any new trade or close an existing trade (including stop loss or take profit) on the targeted instrument in the window of 2 minutes before until 2 minutes after the release of the below news announcements.

Swing

No restrictions.

Yes
Inactivity Rule

30 days

No data
Consistency Rule
Yes
  • 1-Step: To pass the FTMO Challenge: 1-Step or to be eligible for a Reward on an FTMO Account, your profit from the Best Day must not represent more than 50% of your total profit.
  • 2-Step: No consistency rule.
  • Instant: To be eligible for a Reward, your Best Day must not represent more than 30% of your total profit. The count restarts from zero after each Reward.
No
Hold Weekend
Limited

Standard

In an FTMO Challenge or Verification, you don't have to close your positions during the weekend. However, once you become an FTMO Trader and get an FTMO Account, you are required to close your positions just before the markets close for the weekend or if the rollover (market break) is longer than 2 hours.

Swing

No restrictions.

Yes
Prohibited Strategies
  • Overleveraging
  • Overexposure
  • One-sided bets
  • Account Rolling
  • Latency arbitrage, spike catching and tick manipulation
  • Exploiting errors, price-feed delays or technical malfunctions
  • HFT inconsistent with realistic retail trading
  • Martingale, grid and all-in betting
  • Hedging or arbitrage across accounts or firms
  • Copy trading, replicated signals and self-copy trading
  • Front-running and use of non-public information
  • Market manipulation, order spamming and toxic flow
  • Materially changing strategy after passing the evaluation
  • Gambling behaviour, overleveraging or correlated position stacking
Martingale
No data
No
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