This article offers an in-depth comparison of Finotive Funding and FTMO, two notable proprietary trading firms. We aim to provide a comprehensive analysis of their services, focusing on their offerings to the global forex trading community.
Company Profiles: Finotive Funding vs FTMO
Finotive Funding, launched in April 2021 by CEO Oliver Newland, is based in Budapest, Hungary. This firm allows traders to manage up to three accounts, each capped at $200,000. In contrast, FTMO, established in September 2015 under the leadership of Otakar Suffner, operates from Prague, Czech Republic, and offers traders up to $400,000 in capital. Both firms are renowned for their reliability and have scaling plans with unlimited upside potential.
Diverse Funding Program Options
Finotive Funding and FTMO cater to a broad range of forex traders with varied funding options. While Finotive Funding provides a one-step evaluation, a two-step evaluation, and instant funding, FTMO focuses exclusively on a two-step evaluation approach.
Two-step Evaluation: A Comparative Analysis
In the two-step evaluation, crucial factors such as profit targets, drawdown limits, leverage, trading period, and profit split are compared. Finotive Funding offers more flexible leverage options (1:100 to 1:400) and a slightly lower Phase 1 profit target of 7.5% compared to FTMO’s 10%. Both firms have a 5% Phase 2 profit target, identical drawdown limits, and an unlimited trading period. However, FTMO’s profit split can reach up to 90%, slightly less generous than Finotive Funding’s 95%.
Account Pricing Across Various Sizes
Both firms present diverse pricing structures for different account sizes. Finotive Funding’s pricing ranges from $50 for a $2,500 account to $950 for a $200,000 account. FTMO’s pricing starts at €155 for a $10,000 account and goes up to €1,080 for a $200,000 account.
Brokers and Trading Platforms
Finotive Funding utilizes Finotive Markets and supports MetaTrader 5, whereas FTMO offers a broader range of platforms including MetaTrader 4, MetaTrader 5, cTrader, and DXtrade, through Tier-1 liquidity providers.
Trading Instruments Comparison
Both Finotive Funding and FTMO offer an array of trading instruments, including Forex pairs, commodities, and indices. However, FTMO additionally provides opportunities in stocks, bonds, and maintains its cryptocurrency options, offering a more diverse portfolio than Finotive Funding.
Community Feedback and Trustpilot Ratings
Community feedback, as reflected on Trustpilot, reveals FTMO’s higher popularity with a 4.8/5 rating from 5,999 reviews, compared to Finotive Funding’s 4.3/5 from 279 reviews. This indicates a broader and more favorable market reception for FTMO.
Conclusion
To conclude, both Finotive Funding and FTMO offer excellent options for traders seeking proprietary trading firms. Our comparison highlights significant differences in funding programs, trading conditions, platform diversity, and community feedback, allowing traders to make well-informed decisions based on their specific needs.
