This article presents a detailed comparison between Finotive Funding and FundedNext, two prominent proprietary trading firms, focusing on their offerings to the global forex trading community.
Company Overview
Both Finotive Funding and FundedNext are recognized as dependable and esteemed proprietary trading firms in the forex market. Established in April 2021, Finotive Funding is led by CEO Oliver Newland and operates out of Budapest, Hungary. FundedNext, under the guidance of CEO Abdullah Jayed, commenced its operations in March 2022, with headquarters in the United Arab Emirates and Bangladesh. Finotive Funding provides traders with the opportunity to handle up to 3x $200,000 in two-step evaluation accounts, whereas FundedNext offers a maximum allocation capital of $300,000. It’s noteworthy that both firms feature scaling plans.
Funding Program Varieties
Both firms offer diverse funding programs to cater to forex traders globally. Finotive Funding provides a one-step evaluation, a two-step evaluation, and an instant funding option. In contrast, FundedNext offers two variants each of one-step and two-step evaluations, though it does not provide instant funding.
Detailed Two-step Evaluation
Comparing the two-step evaluation programs, we observe differences in profit targets, drawdown limits, leverage, and profit sharing. Both firms maintain a leverage of 1:100, with Finotive Funding extending up to 1:400. Profit splits range from 75% to 95% for Finotive Funding, while FundedNext offers 80% to 90%.
Account Pricing Structure
The pricing for account sizes varies between the two firms. Finotive Funding’s accounts range from $2,500 to $200,000, while FundedNext introduces accounts starting at $6,000, reaching up to $200,000.
Brokers and Trading Platforms
Finotive Funding partners with Finotive Markets, offering the MetaTrader 5 platform. FundedNext, however, collaborates with Incenteco and GrowthNext, providing both MetaTrader 4 and 5 platforms.
Trading Instruments Accessibility
Both firms allow trading in forex pairs, commodities, and indices, but only Finotive Funding offers cryptocurrency trading options.
Community Feedback and Ratings
Trustpilot ratings reveal FundedNext as more popular, with a 4.7/5 rating from 7,049 reviews, compared to Finotive Funding’s 4.3/5 from 279 reviews.
Conclusion
In summary, both Finotive Funding and FundedNext provide valuable options for traders, each with distinct trading rules, pricing, and community feedback. While Finotive Funding offers three funding programs (one-step evaluation, two-step evaluation, and instant funding), FundedNext presents four (two one-step evaluations and two two-step evaluations), catering to varied trader needs and preferences.
