In this comprehensive article, we delve into a thorough comparison between two prominent proprietary trading firms: Finotive Funding and City Traders Imperium. Both firms are renowned for their offerings to forex traders globally, and we’ll be exploring their company details, funding program options, and a one-step evaluation of their trading rules and objectives.
Company Overview
Established in April 2021, Finotive Funding is steered by CEO Oliver Newland and is based in Budapest, Hungary. On the other hand, City Traders Imperium began its journey in July 2018, co-founded by CEOs Daniel Martin and Martin Najat, with its headquarters in London, UK. Finotive Funding offers a maximum allocation capital of 3x 200,000, while City Traders Imperium scales up to $4,000,000 for their traders.
Funding Program Options
Both Finotive Funding and City Traders Imperium cater to the global forex trading community with diverse funding programs. Finotive Funding presents options like one-step evaluation, two-step evaluation, and instant funding. Conversely, City Traders Imperium provides similar programs with the addition of direct funding.
One-step Evaluation Comparison
- Profit Target: Finotive Funding sets a 10% goal, while City Traders Imperium has a slightly lower target at 9%.
- Daily Drawdown: Finotive Funding imposes a 4% limit, whereas City Traders Imperium doesn’t specify a daily drawdown.
- Overall Drawdown: There’s a 7.5% limit with Finotive Funding and a 5% limit at City Traders Imperium.
- Leverage: Traders at Finotive Funding can leverage between 1:100 and 1:400, compared to a 1:10 leverage at City Traders Imperium.
- Minimum Trading Days: Neither firm imposes a limit on trading days.
- Trading Period: Both firms offer unlimited trading periods.
- Profit Split: Finotive Funding offers between 75% to 95%, while City Traders Imperium ranges from 50% to 100%.
Account Size and Pricing
When comparing account sizes and pricing, there are noticeable differences between the two firms. Finotive Funding offers a range of account sizes from $2,500 to $200,000, with prices starting at $60 and going up to $1,140. In contrast, City Traders Imperium offers account sizes from $5,000 to $100,000, with pricing from $99 to $949.
Both prop trading firms showcase unique features and options, making them suitable for different types of forex traders.
Brokers and Trading Platforms Overview
After evaluating the trading objectives, rules, and pricing, it’s essential to explore the brokers and trading platforms associated with Finotive Funding and City Traders Imperium.
Finotive Funding vs City Traders Imperium: Brokers
- Finotive Funding: Partners with Finotive Markets.
- City Traders Imperium: Collaborates with a Tier-1 Liquidity Provider, offering best simulated real market trading conditions.
Trading Platforms
- Both firms utilize the popular MetaTrader 5 platform, known for its advanced trading features and user-friendly interface.
Trading Instruments Comparison
Trading instruments are a crucial aspect to consider when choosing a proprietary trading firm. Here’s a comparison of what Finotive Funding and City Traders Imperium offer:
- Forex pairs: Available with both firms.
- Commodities: Both firms provide trading options in commodities.
- Indices: Accessible for trading at both Finotive Funding and City Traders Imperium.
- Crypto: Finotive Funding offers cryptocurrency trading, whereas City Traders Imperium does not.
Community Feedback and Trust
Community feedback is an insightful way to gauge a firm’s reputation and reliability. Trustpilot reviews for both firms are as follows:
- Finotive Funding: Holds a 4.3/5 rating from 279 reviews.
- City Traders Imperium: Has a higher rating of 4.8/5 based on 922 reviews.
While City Traders Imperium currently leads in popularity, recent developments at Finotive Funding have significantly boosted its presence in the market.
For more information on forex prop firms, these comparisons provide essential insights into each firm’s offerings and community standing.
Final Thoughts: Finotive Funding vs City Traders Imperium
In summary, both Finotive Funding and City Traders Imperium stand out as top-tier choices for traders seeking reputable proprietary trading firms. This comparison has highlighted distinct differences in their trading rules, pricing structures, and community feedback.
One notable distinction lies in their funding program options. Finotive Funding provides versatility with its one-step evaluation, two-step evaluation, and instant funding, catering to various trader needs. Conversely, City Traders Imperium offers a one-step evaluation, a two-step evaluation, and direct funding programs, appealing to a different segment of traders.
As we conclude this comparison, we’re excited to offer special discount codes for both firms. These codes are designed to give traders an added advantage when choosing either Finotive Funding or City Traders Imperium. Check out the exclusive discount codes below for your trading journey!
Discount Codes:
- Finotive Funding: [APTF08]
- City Traders Imperium: [APTF10]
Whether you’re a novice or an experienced trader, these proprietary trading firms provide robust platforms to enhance your trading experience. For more insights into forex funded programs and prop trading firms, stay tuned to our comprehensive reviews and comparisons.