In this comprehensive analysis, we delve into a side-by-side comparison of Finotive Funding and Funded Trading Plus. We explore their offerings, targeting forex traders worldwide, and evaluate their programs and features.
Company Background
Both proprietary trading firms are reputable and established entities in the forex trading domain. Finotive Funding, inaugurated in April 2021, operates from Budapest, Hungary, with Oliver Newland at its helm. Funded Trading Plus, launched in November 2021 under the leadership of Simon Massey, is based in London, UK. Traders at Finotive Funding can manage up to 3x $200,000 in two-step evaluation accounts, while Funded Trading Plus offers up to 2x $200,000. Notably, both firms have scaling plans in place.
Funding Program Options
The funded programme offers a range of funding programs. Both Finotive Funding and Funded Trading Plus provide one-step and two-step evaluations, along with instant funding options.
Two-step Evaluation Comparison
The two-step evaluation programs vary in terms of profit targets, drawdowns, leverage, and profit splits. Finotive Funding presents a more flexible leverage range of 1:100 to 1:400, compared to Funded Trading Plus’s fixed 1:30 leverage. The profit split ranges from 75% to 95% for Finotive Funding, whereas it’s 80% to 90% for Funded Trading Plus.
Account Pricing
Account sizes and corresponding fees show a diverse range. Finotive Funding offers accounts ranging from $2,500 to $200,000, with fees scaling accordingly. In contrast, Funded Trading Plus’s account options start from $25,000.
Brokers & Trading Platforms
Finotive Funding collaborates with Finotive Markets, utilizing MetaTrader 5, while Funded Trading Plus partners with Eightcap, offering both MetaTrader 4 and 5 platforms.
Trading Instruments
Both firms provide access to a variety of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies.
Community Feedback
Community feedback, gathered from Trustpilot, shows a higher rating for Funded Trading Plus, with 4.9/5 from 1,788 reviews, compared to Finotive Funding’s 4.3/5 from 279 reviews.
Conclusion
To conclude, Finotive Funding and Funded Trading Plus offer distinct advantages for traders. Each firm presents unique trading rules, pricing structures, and community reputations. With their diverse funding programs, they cater to a wide range of trader preferences and requirements.
