This comprehensive article compares Finotive Funding and Funded Trading Plus, focusing on their offerings for forex traders worldwide, including company details, funding programs, and community feedback.
Company Overview
Finotive Funding, established in April 2021 by CEO Oliver Newland, is based in Budapest, Hungary, and offers a maximum allocation capital of $6,400,000. In contrast, Funded Trading Plus, led by Simon Massey since November 2021, operates out of London, UK, with a maximum allocation capital of $2,500,000. Both firms are recognized for their trustworthiness and reliability in the proprietary trading sector.
Funding Programs
Both Finotive Funding and Funded Trading Plus offer diverse funding programs to their global clientele. Finotive Funding provides one-step and two-step evaluations, along with instant funding options. Funded Trading Plus similarly offers a one-step evaluation, two variations of two-step evaluations, and instant funding.
Instant Funding Program Comparison
The instant funding programs of these firms differ in several aspects:
- Profit Target: None specified for both Finotive Funding and Funded Trading Plus.
- Daily Drawdown: Limited to 5% and 10% for Finotive’s standard and aggressive programs, respectively, and not specified for Funded Trading Plus.
- Overall Drawdown: Capped at 8% and 16% for Finotive’s respective programs, compared to a 5% trailing drawdown for Funded Trading Plus.
- Leverage: Up to 1:100 for Finotive and up to 1:30 for Funded Trading Plus.
- Trading Period: No limit for both firms.
- Profit Split: Ranges from 55% to 75% for Finotive and 70% to 90% for Funded Trading Plus.
Price Points for Instant Funding Accounts
The pricing structures for instant funding accounts show notable differences:
- $5,000 Account: Priced at $190 for Finotive’s standard and $330 for the aggressive, compared to Funded Trading Plus’s $225.
- $100,000 Account: Costs $2,100 for Finotive’s standard and $5,280 for the aggressive, while Funded Trading Plus charges $4,500.
Brokers and Trading Platforms
Finotive Funding utilizes Finotive Markets and the MetaTrader 5 platform. Funded Trading Plus, on the other hand, partners with Eightcap and offers both MetaTrader 4 and 5 platforms.
Trading Instruments Available
Both firms provide a wide range of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies.
Community Feedback and Ratings
According to Trustpilot, Finotive Funding has a 4.3/5 rating from 279 reviews, while Funded Trading Plus enjoys a higher rating of 4.9/5 from 1,788 reviews, indicating its greater popularity.
Conclusion
In conclusion, Finotive Funding and Funded Trading Plus each offer unique benefits, with discernible differences in trading rules, pricing, and community feedback. Furthermore, they differ in the variety of funding program options available, catering to diverse trader needs.