This article provides an in-depth comparison between Finotive Funding and FundedNext, two significant proprietary trading firms, to understand their offerings for forex traders worldwide.

Company Overview

Finotive Funding and FundedNext have both established themselves as reliable and trustworthy in the proprietary trading industry. Finotive Funding, founded in April 2021 by CEO Oliver Newland, is headquartered in Budapest, Hungary. FundedNext, led by CEO Abdullah Jayed since March 2022, operates from the United Arab Emirates and Bangladesh. Finotive Funding enables traders to manage 3x 200k one-step evaluation accounts, whereas FundedNext offers up to $300k in funding. Both firms also emphasize their scaling plans for trader progression.

Funding Program Varieties

Finotive Funding and FundedNext cater to a global audience with diverse funding programs. While Finotive Funding provides a one-step evaluation, a two-step evaluation, and instant funding, FundedNext offers two different one-step evaluations and two two-step evaluations, giving traders a broad spectrum of choices.

One-Step Evaluation: Side-by-Side Comparison

• Profit Target: 10% for Finotive Funding and FundedNext’s Stellar; 25% for FundedNext’s Express options.
• Daily Drawdown: 4% for Finotive Funding; 3% to 5% for FundedNext’s options.
• Overall Drawdown: 7.5% for Finotive Funding; 6% to 10% for FundedNext.
• Leverage: 1:100 to 1:400 for Finotive Funding; 1:100 across all FundedNext options.
• Minimum Trading Days: No limit for Finotive Funding; 5 to 10 days for FundedNext.
• Trading Period: Unlimited for both firms.
• Profit Split: 75% to 95% for Finotive Funding; 60% to 90% for FundedNext.

Pricing for Different Account Sizes

Detailed pricing for various account sizes at both firms is as follows:

• $2,500: $60 with Finotive Funding; not available with FundedNext.
• $5,000: $90 with Finotive Funding; not available with FundedNext.
• $6,000: Not available with Finotive Funding; $59 to $59 for FundedNext.
• $10,000: $120 with Finotive Funding; not available with FundedNext.
• $15,000: Not available with Finotive Funding; $119 to $119 for FundedNext.
• $25,000: $180 for Finotive Funding; $199 to $229 for FundedNext.
• $50,000: $360 for Finotive Funding; $299 to $379 for FundedNext.
• $100,000: $600 for Finotive Funding; $519 to $699 for FundedNext.
• $200,000: $1,140 for Finotive Funding; $999 for FundedNext.

Brokers & Trading Platforms

Finotive Funding collaborates with Finotive Markets, while FundedNext partners with Incenteco and GrowthNext. Both firms use MetaTrader 5, with FundedNext also offering MetaTrader 4.

Trading Instruments

Key to comparing these firms is the range of trading instruments they offer. Both Finotive Funding and FundedNext allow trading in Forex pairs, commodities, and indices. However, Finotive Funding additionally offers options for cryptocurrency trading.

Community Feedback

Trustpilot ratings indicate Finotive Funding’s rating at 4.3/5 from 279 reviews, while FundedNext stands at 4.7/5 from 7,049 reviews, highlighting FundedNext’s greater popularity. However, recent developments show an increasing popularity for Finotive Funding as well.

Conclusion

In summary, Finotive Funding and FundedNext present themselves as two excellent choices for proprietary traders, each offering unique benefits and program options catering to various trading strategies and goals.