This article presents a detailed comparison between two renowned proprietary trading firms, Finotive Funding and The5ers. We’ll delve into their offerings and analyze their services for forex traders globally.
Company Overview
Finotive Funding and The5ers are both esteemed and credible proprietary trading firms. Incorporated in April 2021, Finotive Funding, led by CEO Oliver Newland, operates from Budapest, Hungary. On the other hand, The5ers, established in April 2020 under the leadership of CEO Gil Ben Hur, is headquartered in London, UK. Finotive Funding allows traders to manage up to 3x 200k in two-step evaluation accounts, whereas The5ers offer funding up to $100,000. Notably, both firms feature scaling plans.
Funding Program Varieties
Both prop trading firms cater to forex traders with diverse funding programs. Finotive Funding provides a one-step evaluation, a two-step evaluation, and instant funding options. In contrast, The5ers offers a two-step evaluation, a three-step evaluation, and instant funding.
Two-Step Evaluation: A Comparative Analysis
Examining the two-step evaluation programs, we find significant differences in their trading rules and objectives:
- Phase 1 Profit Target: 7.5% for Finotive Funding and 8% for The5ers
- Phase 2 Profit Target: 5% for both firms
- Daily & Overall Drawdown: 5% & 10%, respectively, for both
- Leverage: 1:100 to 1:400 for Finotive Funding and 1:100 for The5ers
- Minimum Trading Days: No minimum for Finotive Funding, 3 profitable days for The5ers
- Trading Period: Unlimited for both steps in both firms
- Profit Split: 75% to 95% for Finotive Funding and 80% to 100% plus a monthly salary for The5ers
Pricing Comparison
Different account sizes come with varying fees for both firms:
- $2,500 Account: $50 for Finotive Funding
- $5,000 Account: $75 for Finotive Funding and $39 for The5ers
- $25,000 Account: $150 for Finotive Funding
- $50,000 Account: $300 for Finotive Funding
- $100,000 Account: $500 for Finotive Funding and $495 for The5ers
- $200,000 Account: $950 for Finotive Funding
Brokers & Trading Platforms
Both firms utilize the MetaTrader 5 platform. Finotive Funding partners with Finotive Markets, while The5ers work with a liquidity provider offering direct market access.
Trading Instruments
The range of trading instruments is vital for traders. Both firms support trading in forex pairs, commodities, and indices. However, only Finotive Funding offers crypto trading.
Community Feedback
Feedback from the trading community, particularly from Trustpilot, is crucial:
- Finotive Funding has a 4.3/5 rating from 279 reviews.
- The5ers enjoys a higher popularity with a 4.8/5 rating from 1,505 reviews.
Conclusion
To sum up, both Finotive Funding and The5ers offer robust options for traders. Each has unique aspects in terms of trading rules, pricing, and community feedback. Moreover, their funding program options slightly differ, with Finotive Funding offering a one-step evaluation and The5ers presenting a three-step evaluation.
