Which firm has easier evaluation requirements?

Sway Funded has significantly easier requirements with a single-phase evaluation versus For Traders' two-phase system. Sway Funded also eliminates daily loss limits and minimum trading days, while For Traders requires a 7% Phase 2 profit target with a 5% daily loss limit.

What are the daily loss rules for each firm?

For Traders imposes a 5% maximum daily loss limit across both evaluation phases. Sway Funded has no daily loss limit, giving traders complete freedom in their daily risk exposure.

Are both firms legitimate and trustworthy?

Both firms were founded in 2023, making them relatively new to the prop trading space. For Traders has a stronger review profile with 4.5/5 stars from 1,000 Trustpilot reviews, while Sway Funded has 4/5 stars from 200 reviews.

Which firm is better for scalpers and news traders?

Sway Funded is better for scalpers due to no daily loss limits and minimum trading requirements. For news trading, both firms only allow it during the challenge phase, making them equal in this regard.

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Updated 2026-03-08

For Traders vs Sway Funded: Which Prop Firm Is Better?

Traders choosing between For Traders and Sway Funded face a decision between structured evaluation versus flexible trading conditions. For Traders offers a traditional two-phase challenge with bi-weekly payouts and multiple platform options, while Sway Funded provides a single-phase evaluation with no daily loss limits or minimum trading day requirements. This comparison examines their evaluation structures, trading rules, platform support, and payout systems to help you determine which firm better matches your trading style and risk management approach.

For Traders

Est. 2023 · N/A

4.5

1,000 reviews

3 wins

6 ties

3 wins

Sway Funded

Est. 2024 · N/A

200 reviews

Feature

For Traders

Sway Funded

Challenge Price ($100K)

$399

N/A

Phase 1 Profit Target

10%

N/A

Phase 2 Profit Target

None (single-phase)✓ Single-phase evaluation

Max Daily Loss

No limit✓ No daily loss limit

Max Total Loss

10%

N/A

Min Trading Days

3 days

None✓ No minimum

Time Limit (Phase 1)

No limit

Payout Split

70% (up to 90%)

N/A

For Traders

Pros

+48-hour reward guarantee with 100% profit split if delayed

+AI-powered coaching to help traders pass evaluations

+Multi-asset trading including crypto with weekend trading

+Customizable challenge rules based on trading strategy

+Raw spreads with low $2 per lot commissions

Cons

−Relatively new firm established in 2023

−Limited account size options compared to competitors

−News trading restricted to challenge phase only

−Maximum virtual capital allocation requires premium program qualification

Sway Funded

Pros

+Growing firm with aggressive expansion through acquisitions of established prop firms

+Significant trader base of over 70,000 traders achieved within first year

+Track record of large payouts including $165,000 single reward to trader

+Experience-focused approach differentiating from traditional prop trading firms

Cons

−Very new firm founded in 2024 with limited operational track record

−Lack of detailed trading rules and account information publicly available

−Rapid growth through acquisitions may create integration challenges

Our Verdict

Which Should You Choose?

For Traders suits traders who prefer structured environments and need multiple platform options. With MT5, TradeLocker, and cTrader support plus bi-weekly payouts, it's ideal for systematic traders who can handle the 5% daily loss limit and 3-day minimum trading requirement. The firm's higher Trustpilot rating (4.5/5 from 1,000 reviews) also suggests better established operations.

Sway Funded works better for aggressive traders and scalpers who need maximum flexibility. The single-phase evaluation, no daily loss limits, and no minimum trading days make it perfect for traders with volatile strategies or irregular trading schedules. However, the lack of specified payout information and platform details raises questions about operational completeness.

For most traders, For Traders offers the better overall package. The structured approach, proven payout system, and platform variety outweigh Sway Funded's flexibility advantages, especially given the stronger review base and clearer operational transparency.

Choose For Traders if:

→48-hour reward guarantee with 100% profit split if delayed

→AI-powered coaching to help traders pass evaluations

→Multi-asset trading including crypto with weekend trading

→Customizable challenge rules based on trading strategy

Choose Sway Funded if:

→Growing firm with aggressive expansion through acquisitions of established prop firms

→Significant trader base of over 70,000 traders achieved within first year

→Track record of large payouts including $165,000 single reward to trader

→Experience-focused approach differentiating from traditional prop trading firms

For Traders — Start Your Challenge →Or try Sway Funded instead

Most traders choose For Traders based on this comparison

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Frequently Asked Questions

For Traders vs Sway Funded FAQ

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Disclaimer:This comparison is for informational purposes only. Prop firm rules change regularly — always verify current terms on each firm's official website before purchasing a challenge. This is not financial advice. Updated 2026-03-08.