In this comprehensive review, we delve into a detailed comparison of two prominent proprietary trading firms, Finotive Funding and Blue Guardian. Our analysis focuses on their offerings, including various funding programs and trading conditions, catering to forex traders globally.
Company Profiles
Both Finotive Funding and Blue Guardian have established themselves as reputable players in the proprietary trading firm arena. Finotive Funding, initiated in April 2021, is led by CEO Oliver Newland and operates from Budapest, Hungary. On the other hand, Blue Guardian, which began its journey in September 2021 under the leadership of CEO Sean Bainton, is based in West Midlands, UK. Finotive Funding allows traders to handle up to 3x 200k two-step evaluation accounts, while Blue Guardian offers a substantial $400k funding. Importantly, both firms feature a scaling plan.
Funding Program Options
Both firms present a range of funding programs. Finotive Funding distinguishes itself with a one-step evaluation, a two-step evaluation, and instant funding options. Conversely, Blue Guardian offers one-step and two-step evaluations, without an instant funding option.
Two-Step Evaluation Comparison
- Profit Targets: Finotive Funding sets a 7.5% target for Phase 1 and 5% for Phase 2, while Blue Guardian targets 8% and 4%, respectively, for its Elite and Unlimited programs.
- Drawdown Limits: Daily drawdown is 5% for Finotive and 4% for Blue Guardian, with overall drawdowns at 10% for both, except Blue Guardian’s Unlimited at 8%.
- Leverage and Trading Days: Finotive offers leverage between 1:100 and 1:400, with no minimum trading days. Blue Guardian provides 1:50 for Elite and 1:100 for Unlimited, with a 5-day minimum for Elite.
- Profit Splits: Finotive offers 75% to 95%, while both Blue Guardian programs offer an 85% split.
Pricing for Account Sizes
Comparing the pricing for different account sizes, Finotive Funding’s costs range from $50 for a $2,500 account to $950 for a $200,000 account. Blue Guardian’s pricing varies from $120 to $1,090 for its Elite and Unlimited programs, depending on the account size.
Brokers and Trading Platforms
Finotive Funding partners with Finotive Markets and utilizes MetaTrader 5, while Blue Guardian works with Eightcap and Purple Trading Seychelles, offering both MetaTrader 4 and 5.
Trading Instruments
Both firms offer a variety of trading instruments, including Forex pairs, commodities, indices, and cryptocurrencies.
Community Feedback
Trustpilot ratings reveal a 4.3/5 rating for Finotive Funding from 279 reviews, and a higher 4.8/5 rating for Blue Guardian from 631 reviews, indicating a stronger community preference for the latter.
Conclusion
Ultimately, Finotive Funding and Blue Guardian present themselves as viable options for traders, each with unique offerings in terms of trading conditions, pricing, and community reputation. Notably, Finotive Funding’s range of funding programs, including instant funding, contrasts with Blue Guardian’s focused approach on one-step and two-step evaluations.
