In this detailed comparison, we examine two prominent proprietary trading firms: Finotive Funding and Alpha Capital Group. This analysis aims to provide insights into what these firms offer to forex traders globally, exploring their company profiles, funding programs, trading conditions, and community feedback.
Overview of Finotive Funding and Alpha Capital Group
Both Finotive Funding and Alpha Capital Group have established themselves as trustworthy and competent in the proprietary trading space. Finotive Funding was established in April 2021, with its CEO Oliver Newland at the helm, and is based in Budapest, Hungary. It allows traders to handle up to three accounts, each with a maximum of $200,000. On the other hand, Alpha Capital Group, led by CEO George Kohler since November 2021, is headquartered in London, UK, and provides traders with a potential maximum capital allocation of $400,000. Both firms offer scaling plans to their traders.
Comparison of Funding Program Options
The funding programs offered by these firms vary. Finotive Funding presents a versatile range including a one-step evaluation, a two-step evaluation, and instant funding options. In contrast, Alpha Capital Group focuses solely on a two-step evaluation program, catering to a specific segment of forex traders.
Two-step Evaluation: Detailed Comparison
When comparing the two-step evaluation process, key aspects like profit targets, drawdown limits, leverage, trading period, and profit split between Finotive Funding and Alpha Capital Group are crucial. Finotive Funding sets a Phase 1 profit target of 7.5% and a Phase 2 target of 5%, with up to 1:400 leverage and no minimum trading days. Alpha Capital Group, with its slightly higher Phase 1 profit target of 8% and a similar Phase 2 target, offers a leverage of 1:100 and requires a minimum of 3 trading days. The profit split favors Finotive Funding traders, offering up to 95% compared to Alpha Capital Group’s 80%.
Pricing for Different Account Sizes
The pricing structure for different account sizes at both firms is diverse. Finotive Funding provides options ranging from $50 for a $2,500 account to $950 for a $200,000 account. Alpha Capital Group, however, starts its offerings from $97 for a $10,000 account to $997 for a $200,000 account.
Brokers and Trading Platforms
Both Finotive Funding and Alpha Capital Group support MetaTrader 5 as a trading platform, with Alpha Capital Group additionally offering cTrader. Finotive Funding operates with Finotive Markets, while Alpha Capital Group works with ACG Markets.
Trading Instruments Offered
When it comes to trading instruments, both firms provide access to Forex pairs, commodities, and indices. However, Finotive Funding also supports cryptocurrency trading, a feature not available with Alpha Capital Group.
Community Feedback and Trustpilot Ratings
Community feedback is an essential indicator of a firm’s reputation. On Trustpilot, Finotive Funding scores 4.3/5 based on 279 reviews, while Alpha Capital Group leads with a 4.7/5 rating from 545 reviews. This feedback suggests a higher current popularity for Alpha Capital Group.
Conclusion
In conclusion, both Finotive Funding and Alpha Capital Group present compelling options for traders seeking proprietary trading firms. The comparison highlights key differences in funding programs, trading conditions, and community perceptions, enabling traders to make an informed choice based on their specific needs and preferences.
