This article aims to provide a detailed comparison between Finotive Funding and FTUK, focusing on their offerings for forex traders globally. We delve into the specifics of each proprietary trading firm, examining their funding programs, trading rules, and community feedback.
Overview of Company Details
Established in April 2021, Finotive Funding, headquartered in Budapest, Hungary, is led by CEO Oliver Newland. In contrast, FTUK, founded in December 2021 with its base in London, UK, is spearheaded by Haseem Gafer. The maximum allocation capital offered by Finotive Funding amounts to $6,400,000, while FTUK provides a higher cap at $17,280,000. Both firms are noted for their reliability and trustworthiness in the proprietary trading realm.
Funding Program Varieties
Both Finotive Funding and FTUK cater to forex traders with diverse funding program options. Finotive Funding stands out with its one-step and two-step evaluation programs, along with instant funding. Conversely, FTUK offers a one-step evaluation and instant funding.
Instant Funding Program Breakdown
When it comes to instant funding, the two firms present varied rules and objectives:
- Profit Target: Absent in Finotive Funding’s standard and aggressive programs, but set at 10% for FTUK.
- Daily Drawdown: Capped at 5% and 10% for Finotive’s standard and aggressive programs, respectively, while FTUK does not specify a limit.
- Overall Drawdown: Limited to 8% and 16% for Finotive’s respective programs, mirroring FTUK’s 8% limit.
- Leverage: Both firms offer up to 1:100 leverage.
- Trading Period: There is no set limit across all programs.
- Profit Split: Ranges from 55% to 75% for Finotive Funding, with FTUK offering a higher 80%.
Price Comparison for Instant Funding Accounts
The cost of instant funding accounts varies significantly between Finotive Funding and FTUK:
- $2,500 Account: $95 for Finotive’s standard program and $165 for the aggressive one, while FTUK does not offer this tier.
- $100,000 Account: Priced at $2,100 for Finotive’s standard program and $5,280 for the aggressive, with FTUK not providing this option.
Brokers & Trading Platforms
Finotive Funding partners with Finotive Markets, utilizing the MetaTrader 5 platform. On the other hand, FTUK collaborates with Eightcap, offering both MetaTrader 4 and MetaTrader 5 platforms.
Available Trading Instruments
Both firms support trading in forex pairs, commodities, and indices. However, Finotive Funding also includes cryptocurrencies, unlike FTUK.
Community Feedback Insights
On Trustpilot, Finotive Funding enjoys a 4.3/5 rating from 279 reviews, slightly outperforming FTUK’s 4.2/5 rating garnered from 177 reviews. This indicates Finotive Funding’s higher popularity and acceptance among users.
Conclusion A Deep Dive into Instant Funding Options
In summary, both Finotive Funding and FTUK present robust options for proprietary trading, with distinctive features in their funding programs, trading rules, pricing, and user feedback. The choice between them hinges on individual trader preferences and requirements.
