Vs
Competitors
No Profit Targets
Targets
Payouts are paid only after reaching profit targets.
1 weekly or month after the purchase, depending on the account selected
Payouts
Payouts are received on average after 2-3 months from the purchase.
Independent broker (ICMarkets) to ensure 100% transparency
Broker
Use their own server without any external check.
Lifelong accounts.
Account duration
Limited number of days.
No fixed limits on risk.
Lot size/risk per trade
Limited number of lots and open positions.
No stop loss is required.
Stop-loss
SL can be compulsory.
Scaling accounts with higher payouts.
Scaling plan/payouts
Payouts can lead to a balance reset.
Break-even at < 1.9% of the account.
Break-even
The average break-even is between 4.3% - 9%.
3 possible account currencies.
Currencies
Most of the prop firms offer just USD as a possible currency.
OFP leverage is 1:100 in every purchasable account.
Leverage
Instant funding prop firms offer leverages between 1:10 and 1:30.
OFP does not require any contract to be signed as it offers demo accounts.
Contacts
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 2 regular monthly accounts and a supercharged account whereby profit splits are scaled up to a market-beating 40%. The new era of Instant funding just began.
