This comprehensive article provides a detailed comparison between two well-regarded proprietary trading firms, Finotive Funding and The Funded Trader. Our focus is to dissect their offerings and evaluate how they serve forex traders worldwide.
Company Background: Finotive Funding vs The Funded Trader
Finotive Funding, established in April 2021 by CEO Oliver Newland, is based in Budapest, Hungary, and offers traders a maximum capital allocation of 3x $200,000. The Funded Trader, founded in May 2021 under the leadership of Angelo Ciaramello, operates from Liberty Hill, Texas, and extends up to $600,000 to traders. Both these firms are noted for their reliability and feature scaling plans for their traders.
Diverse Funding Programs
Finotive Funding and The Funded Trader cater to a wide range of traders with varied funding options. Finotive Funding provides a one-step evaluation, a two-step evaluation, and instant funding, whereas The Funded Trader offers a one-step evaluation and three types of two-step evaluations, giving traders more flexibility and choice.
Two-step Evaluation: Comparative Insights
When comparing the two-step evaluations, important aspects such as profit targets, drawdown limits, leverage, trading period, and profit splits are examined. Finotive Funding offers a Phase 1 profit target of 7.5% and flexible leverage options (1:100 to 1:400), while The Funded Trader’s standard program has a higher Phase 1 target of 10% and varying leverage options across its programs. Both firms maintain a 5% Phase 2 profit target and offer generous profit splits, with Finotive Funding offering up to 95%.
Account Size and Pricing
Both firms have structured pricing for different account sizes. Finotive Funding ranges from $50 for a $2,500 account to $950 for a $200,000 account. The Funded Trader, on the other hand, has a more varied pricing structure across its different programs, with prices ranging from $65 for a $5,000 account in the standard program to $1,879 for a $400,000 account in the Royal program.
Brokers and Trading Platforms
Finotive Funding uses Finotive Markets and supports MetaTrader 5, while The Funded Trader partners with brokers like Eightcap, Purple Trading Seychelles, and Think Markets, offering MetaTrader 4 and MetaTrader 5 platforms.
Available Trading Instruments
Both firms offer a range of trading instruments, including Forex pairs, commodities, indices, and cryptocurrencies, ensuring traders have access to various markets.
Community Feedback and Ratings
Community feedback is critical in assessing a firm’s reputation. On Trustpilot, Finotive Funding holds a 4.3/5 rating from 279 reviews, whereas The Funded Trader stands higher with a 4.5/5 rating from 13,361 reviews, indicating its broader popularity in the trading community.
Conclusion
In summary, both Finotive Funding and The Funded Trader present themselves as viable options for traders seeking proprietary trading firms. This comparison highlights key differences in funding options, trading rules, pricing, and community feedback, providing a clear perspective for traders to make informed decisions.
