Variables | ||||
---|---|---|---|---|
Prop Firm Type | Instant Funding | Challenge Prop Firm | Challenge Prop Firm | Instant Funding |
Account Profit Share | 80% | 80% | 80% | 70% |
Profit Target | No Profit Target | 8%/5% | 10%/5% | No Profit Target |
Drawdown | Balance-Trailing | Balance-Based | Balance-Based | Equity-Based |
Accounts currency | 3 types | 1 Type | 7 Types | 1 Types |
Jurisdiction | U.K. | UAE | Czech Republic | UAE |
Lowest Package with Price | 5K/$18 | 5K/$32 | 10K/$155 | 1.250$/$79 |
First Profit Split | After 4 Days | After 30 Days | After 14 Days | After 14 Days |
Competitor
Targets
No Profit Targets
Payouts are paid only after reaching profit targets.
Payouts
On demand or 1 month after the purchase.
Payouts are received on average after 2-3 months from the purchase.
Broker
Independent broker to ensure 100% transparency.
Use their own server without any external check.
Account duration
Lifelong accounts.
Limited number of days.
Lot size/risk per trade
No fixed limits on risk.
Limited number of lots and open positions.
Stop-loss
No stop loss is required.
SL can be compulsory.
Scaling plan /payouts
Scaling accounts with higher payouts.
Payouts can lead to a balance reset.
Break-even
Break-even at < 1.9% of the account.
The average break-even is between 4.3% - 9%.
Currencies
3 possible account currencies.
Most of the prop firms offer just USD as a possible currency.
Leverage
OFP leverage is 1:10 - 1:100 in every purchasable account
Instant funding prop firms offer leverages between 1:10 and 1:30.
Contracts
OFP does not require any contract to be signed as it offers demo accounts.
Contracts need to be signed in order to get funded. Legal aspects are required.
OFP is proud to stand apart from other prop firms. In its aim to focus on the client experience, OFP has eliminated the common blocks to real capital, giving traders clear and simple rules aimed at protecting them, and has created different account types that aim to further allow for personalisation. In these account types, one can choose between 4 regular monthly accounts whereby profit splits are scaled up to a market-beating 80%. The new era of Instant funding just began.
OFP FUNDING Is A Trademark Brand Name Owned By FINTEKNOLOGY LTD. UK
(Company Number: 15131112)
28 Great Smith Street, London
ENGLAND SW1P 3BU
FINTEKNOLOGY LTD London, The UK – Copyright © 2024
OFP FUNDING Is A Trademark Brand Name Owned By FINTEKNOLOGY LTD. UK (Company Number: 15131112). The Services Provided On This Website Are Professional Skill-Assessment Services. The Outcome Of The Proposed Services Is Necessarily Determined By The Individual’s Professional Skill Level And Ability To Perform Under The Program Guidelines And Objectives As Elaborated For Each Service Separately. Clients Are Advised To Conclude A Thorough Study Of The Requirements Of The Program Before Signing Up For Any Of The Services. Hypothetical Performance Disclosure: All Accounts Used For The Services Are Simulated Accounts. Hypothetical Performance Results Have Many Inherent Limitations, Some Of Which Are Described Below. No Representation Is Being Made That Any Account Will Or Is Likely To Achieve Profits Or Losses Similar To Those Shown; In Fact, There Are Frequently Sharp Differences Between Hypothetical Performance Results And The Actual Results Subsequently Achieved By Any Particular Trading Program. One Of The Limitations Of Hypothetical Performance Results Is That They Are Generally Prepared With The Benefit Of Hindsight. In Addition, Hypothetical Trading Does Not Involve Financial Risk, And No Hypothetical Trading Record Can Completely Account For The Impact Of Financial Risk Of Actual Trading. For Example, The Ability To Withstand Losses Or To Adhere To A Particular Trading Program In Spite Of Trading Losses Are Material Points Which Can Also Adversely Affect Actual Trading Results. There Are Numerous Other Factors Related To The Markets In General Or To The Implementation Of Any Specific Trading Program Which Cannot Be Fully Accounted For In The Preparation Of Hypothetical Performance Results And All Which Can Adversely Affect Trading Results.
Finteknology and OFP Funding are not a broker and do not accept deposits.
Paynetics provides payment processing services to prop trading Finteknology solely for facilitating transactions during their evaluation period. This service is provided on a limited basis and does not constitute an ongoing commitment by Paynetics to process payments for any further stages.