This detailed comparison between Finotive Funding and True Forex Funds aims to provide an in-depth look at what these two leading proprietary trading firms offer to forex traders globally.
Company Background
Finotive Funding and True Forex Funds are well-established and respected within the trading community. Finotive Funding began its journey in April 2021, with Oliver Newland as the CEO, operating from Budapest, Hungary. In contrast, True Forex Funds, helmed by CEO Richard Nagy, was incorporated in October 2021, based in Győr, Hungary. Finotive Funding offers traders the opportunity to manage up to 3x $200,000 in two-step evaluation accounts, while True Forex Funds provides up to $400,000 in funding. Both firms are known for their scaling plans.
Range of Funding Programs
Both firms extend a variety of funding options. Finotive Funding presents a one-step evaluation, a two-step evaluation, and an instant funding program. True Forex Funds offers a more diverse range with three two-step evaluations and a one-step evaluation.
Comparative Analysis of Two-step Evaluations
When examining the two-step evaluations, notable differences arise in terms of profit targets, drawdown limits, trading periods, and profit splits. Finotive Funding offers leverage ranging from 1:100 up to 1:400, while True Forex Funds maintains a constant leverage of 1:100.
Account Pricing
The pricing structures for different account sizes show variation. Finotive Funding provides accounts starting from $2,500 to $200,000. True Forex Funds, on the other hand, offers accounts starting from €89 for a $10,000 account size.
Brokers and Trading Platforms
While Finotive Funding operates with Finotive Markets using MetaTrader 5, True Forex Funds partners with a Tier-1 Liquidity Provider, offering both MetaTrader 4 and 5.
Trading Instruments Offered
Both firms allow trading in forex pairs, commodities, indices, and cryptocurrencies. Additionally, True Forex Funds provides the option to trade in stocks.
Community Feedback and Trust
Community feedback from Trustpilot shows True Forex Funds leading with a higher rating of 4.7/5 from 2,257 reviews, compared to Finotive Funding’s 4.3/5 from 279 reviews.
Conclusion
To summarize, Finotive Funding and True Forex Funds offer distinct advantages for traders, with varying rules, pricing, and community perceptions. Finotive Funding offers one-step and two-step evaluations and instant funding, whereas True Forex Funds offers three two-step evaluations and a one-step evaluation, catering to a broad spectrum of trader needs.
