In this article, we delve into a comprehensive comparison between Finotive Funding and Funded Trading Plus, two notable proprietary trading firms, focusing on their global offerings to forex traders.
Company Overviews
Both Finotive Funding and Funded Trading Plus have established themselves as reliable and trustworthy firms within the proprietary trading sector. Finotive Funding, inaugurated in April 2021 under CEO Oliver Newland, is based in Budapest, Hungary. Conversely, Funded Trading Plus, which commenced operations in November 2021 with Simon Massey at the helm, operates from London, UK. Finotive Funding offers traders the ability to manage 3x 200k one-step evaluation accounts, whereas Funded Trading Plus provides traders with opportunities to manage up to $200,000 one-step evaluation accounts. Notably, both firms feature comprehensive scaling plans.
Funding Program Options
Finotive Funding and Funded Trading Plus cater to the global forex trading community with a range of funding programs. Both firms offer one-step evaluations, two-step evaluations, and instant funding options, providing traders with multiple pathways to achieve their trading objectives.
One-Step Evaluation: Comparative Analysis
- Profit Target: 10% for both firms.
- Daily Drawdown: 4% for Finotive Funding and 3% for Funded Trading Plus.
- Overall Drawdown: 7.5% for Finotive Funding and 6% (Trailing) for Funded Trading Plus.
- Leverage: Finotive Funding offers 1:100 to 1:400, while Funded Trading Plus provides 1:30.
- Minimum Trading Days: No limits for both firms.
- Trading Period: Unlimited for both firms.
- Profit Split: 75% to 95% for Finotive Funding and 80% to 90% for Funded Trading Plus.
Pricing for Different Account Sizes
Here’s a detailed comparison of account size pricing for each firm:
- $2,500: $60 with Finotive Funding; not available with Funded Trading Plus.
- $5,000: $90 with Finotive Funding; not available with Funded Trading Plus.
- $10,000: $120 with Finotive Funding; not available with Funded Trading Plus.
- $12,500: Not available with Finotive Funding; $119 with Funded Trading Plus.
- $25,000: $180 for Finotive Funding; $199 for Funded Trading Plus.
- $50,000: $360 for Finotive Funding; $349 for Funded Trading Plus.
- $100,000: $600 for Finotive Funding; $499 for Funded Trading Plus.
- $200,000: $1,140 for Finotive Funding; $999 for Funded Trading Plus.
Brokers & Trading Platforms
Finotive Funding partners with Finotive Markets, while Funded Trading Plus works with Eightcap. Both firms utilize MetaTrader 5, with Funded Trading Plus also offering MetaTrader 4.
Trading Instruments
An essential aspect of comparison is the variety of trading instruments available. Both Finotive Funding and Funded Trading Plus offer Forex pairs, commodities, and indices, with cryptocurrency trading also available for both.
Community Feedback
Community feedback is crucial for assessing a firm’s reputation. Trustpilot shows Finotive Funding with a 4.3/5 rating from 279 reviews, while Funded Trading Plus has a higher 4.9/5 rating from 1,788 reviews, suggesting greater popularity for the latter. Nevertheless, Finotive Funding has shown significant growth in popularity following its recent updates.
Conclusion
In summary, both Finotive Funding and Funded Trading Plus stand out as excellent options for proprietary traders. They offer distinct differences in trading rules, objectives, pricing, and community feedback, with both providing a similar range of funding program options including one-step evaluations, two-step evaluations, and instant funding.
