In this comparative review, we’re delving into the offerings of two notable proprietary trading firms, Finotive Funding and FTUK, focusing on their services for forex traders globally. We’ll explore various aspects including company details, funding programs, and community feedback.
Company Profiles
Finotive Funding, with its roots in Budapest, Hungary since April 2021, is led by CEO Oliver Newland. FTUK, established in December 2021 under the leadership of Haseem Gafer, is based in London, UK. Finotive Funding’s maximum allocation capital stands at $6,400,000, in contrast to FTUK’s $17,280,000. Both firms offer instant funding options, with Finotive allowing management of 2x 100k accounts, and FTUK enabling 3x $90k accounts, supplemented by scaling plans.
Funding Program Options
Both Finotive Funding and FTUK cater to a global audience with varied funding programs. Finotive provides a one-step evaluation, two-step evaluation, and instant funding options, whereas FTUK offers a one-step evaluation and instant funding.
Instant Funding Program Details
The instant funding programs of the two firms have distinct rules and objectives:
- Profit Target: Not applicable in Finotive’s programs but set at 10% for FTUK.
- Daily Drawdown: Capped at 5% and 10% for Finotive’s standard and aggressive programs respectively, absent in FTUK’s offering.
- Overall Drawdown: Limited to 8% and 16% for Finotive’s respective programs, aligning with FTUK’s 8%.
- Leverage: Up to 1:100 for both firms.
- Trading Period: No limits imposed by either firm.
- Profit Split: Ranges from 55% to 75% for Finotive and stands at 80% for FTUK.
Pricing for Instant Funding Accounts
Price structures for instant funding accounts vary significantly between the two firms:
- $2,500 Account: $95 for Finotive’s standard and $165 for the aggressive, not offered by FTUK.
- $100,000 Account: Priced at $2,100 for Finotive’s standard and $5,280 for the aggressive, again not available at FTUK.
Brokers and Trading Platforms
Finotive Funding collaborates with Finotive Markets using MetaTrader 5, while FTUK partners with Eightcap, providing both MetaTrader 4 and 5 platforms.
Trading Instruments Comparison
Both firms support trading in forex pairs, commodities, and indices. However, Finotive Funding also facilitates trading in cryptocurrencies, a feature not offered by FTUK.
Community Feedback Overview
On Trustpilot, Finotive Funding holds a 4.3/5 rating from 279 reviews, slightly surpassing FTUK’s 4.2/5 from 177 reviews. This indicates a higher popularity and trust in Finotive Funding within the trading community.
Conclusion
To conclude, both Finotive Funding and FTUK present as strong contenders in the proprietary trading firm space, with clear distinctions in their trading rules, pricing, and community perception. Additionally, the difference in their funding program options is noteworthy, with Finotive Funding offering more variety.
