Leveled Up Society vs MyFundedFX

Overview of Prop Firms

In the world of proprietary trading, retail traders often seek stable, trustworthy platforms where they can leverage their trading strategies without risking personal capital. Leveled Up Society and MyFundedFX emerge as two firms offering distinct advantages for the discerning trader. By comparing their offerings, features, and trading conditions, this review aims to shed light on which firm might best align with a trader's personal goals and preferences.

Leveled Up Society

Leveled Up Society presents an attractive proposition for traders seeking high potential account balances with no cap on evaluation retries. Offering an impressive profit share between 80% to 90% with fortnightly payouts is sure to catch the eye of those aiming to maximize their earning potential. The ability to hold positions overnight and over weekends, along with a generous 1:100 leverage, gives ample room for different trading styles and strategies. Leveled Up Society covers a broad spectrum of trading assets, which is a significant draw for those looking to diversify across forex, commodities, and more. However, it's important to be critical of the rules imposed, such as the prohibition of martingale strategies and news trading which might deter some traders looking for more freedom. The specific cons are not listed but could include factors such as potentially strict evaluation criteria or limited customer support options.

MyFundedFX

MyFundedFX stakes its reputation on a stellar Trustpilot score, which cannot be overlooked as it reflects the satisfaction of its users. The firm offers a maximum account balance of $1,500,000 and maintains a consistent 80% profit split. Comparable to Leveled Up Society, MyFundedFX provides bi-weekly payouts and has an account scaling feature that appeals to traders with growth-oriented mindsets. The flexibility to trade during various market conditions, including news events, alongside overnight and weekend holding capabilities, can be especially beneficial for traders utilizing longer-term strategies. Notably, the firm's trailing drawdown policy in one-step accounts and lot size restrictions introduce critical considerations for risk management. Furthermore, the absence of a Free Trial may be a deterrent for those who prefer to test the waters before committing funds.

Deposits and Withdrawals

Both firms offer swift and straightforward deposit methods, including credit/debit cards and cryptocurrencies. When it comes to withdrawals, they rely on modern solutions like Deel while also supporting crypto withdrawals, aligning with the need for efficiency and security in transactions.

Account Sizes and Tradeable Instruments

Leveled Up Society offers a variety of account sizes ranging from $10,000 to $1,000,000, accommodating different levels of trader experience and risk tolerance. MyFundedFX, while missing specific details on account sizes, permits trading with accounts denominated in USD. Both firms allow trading in an extensive range of instruments such as commodities, crypto, forex, indices, and metals, promising a comprehensive trading experience.

Company Incorporation and Stability

With Leveled Up Society incorporated in April 2021 and MyFundedFX following in June 2022, there is a slight edge in market presence for Leveled Up Society. The firm's longer operational history may instill a greater sense of reliability among potential users.

Final Thoughts

In conclusion, Leveled Up Society and MyFundedFX both offer compelling services for the retail trader with each having its strengths. Leveled Up Society's high profit share and account scaling features, along with the flexibility in trading times, may appeal to aggressive growth-focused traders. Meanwhile, MyFundedFX's strong user satisfaction rating and its own set of flexible trading conditions provide solid choice for those valuing community trust and trading opportunities. A potential user's decision will heavily depend on personal trading style, risk management preferences, and the value they place on features such as trial periods and reputation. Traders are encouraged to weigh these factors heavily alongside the transparent presentation of rules and restrictions that each firm enforces.