For traders evaluating their options in the prop trading sector, understanding how Funding Pips and Finotive Funding compare is essential. This detailed analysis focuses on the key aspects of their trading objectives, highlighting both similarities and differences.
Trading Objectives: Funding Pips vs. Finotive Funding
Let’s dive into the specifics of their trading objectives:
- Phase 1 Profit Target: Funding Pips sets a target of 8%, while Finotive Funding aims for 7.5%.
- Phase 2 Profit Target: Both firms share a 5% target for Phase 2.
- Maximum Daily Loss: Funding Pips allows up to 5% (scalable to 7%), in line with Finotive Funding’s 5% limit.
- Maximum Loss: Funding Pips sets a 10% limit (scalable to 14%), mirroring Finotive Funding’s 10% cap.
- Minimum Trading Days: Neither firm imposes a minimum trading day requirement.
- Maximum Trading Period: Unlimited trading periods are offered for both phases by both firms.
- Profit Split: Funding Pips offers a range from 80% to 90%, whereas Finotive Funding’s range is 75% to 95%.
Key Differences Highlighted
This comparison illustrates that while Funding Pips and Finotive Funding provide similar structures in profit targets and loss limits, they differ slightly in their initial profit targets and the scalability of their loss limits. Additionally, the profit split percentages vary, offering different incentives to traders. These nuances are important for traders to consider when selecting a firm that aligns with their trading strategies and goals, especially in the context of forex funded programs.
