This article is dedicated to a comprehensive comparison between Finotive Funding and The Funded Trader, two esteemed proprietary trading firms, exploring their offerings to forex traders across the globe.
Company Insights
Finotive Funding and The Funded Trader are both acclaimed for their reliability and trustworthiness in the proprietary trading sector. Finotive Funding, established in April 2021 with Oliver Newland as CEO, operates from Budapest, Hungary. Meanwhile, The Funded Trader, initiated in May 2021 under the leadership of Angelo Ciaramello, is headquartered in Liberty Hill, Texas. Finotive Funding offers traders the ability to manage 3x 200k one-step evaluation accounts, contrasting with The Funded Trader’s offering of up to $600,000 one-step evaluation accounts. Notably, both firms feature dynamic scaling plans.
Funding Program Offerings
Both Finotive Funding and The Funded Trader extend diverse funding programs to the global forex trading community. Finotive Funding presents a one-step evaluation, a two-step evaluation, and instant funding options, while The Funded Trader offers a one-step evaluation and three two-step evaluations, catering to a wide range of trader preferences.
One-Step Evaluation: Comparative Overview
- Profit Target: 10% for both firms.
- Daily Drawdown: 4% for Finotive Funding and 3% for The Funded Trader.
- Overall Drawdown: 7.5% for Finotive Funding and 6% (Trailing) for The Funded Trader.
- Leverage: Finotive Funding offers 1:100 to 1:400, while The Funded Trader provides 1:30.
- Minimum Trading Days: No limit for both firms.
- Trading Period: Unlimited for both firms.
- Profit Split: 75% to 95% for Finotive Funding and 80% to 90% for The Funded Trader.
Account Size Pricing Comparison
Here’s a detailed pricing comparison for different account sizes available at both firms:
- $2,500: $60 with Finotive Funding; not available with The Funded Trader.
- $5,000: $90 for Finotive Funding; $59 for The Funded Trader.
- $10,000: $120 for Finotive Funding; $99 for The Funded Trader.
- $25,000: $180 for Finotive Funding; $189 for The Funded Trader.
- $50,000: $360 for Finotive Funding; $289 for The Funded Trader.
- $100,000: $600 for Finotive Funding; $489 for The Funded Trader.
- $200,000: $1,140 for Finotive Funding; $939 for The Funded Trader.
Brokers & Trading Platforms
Finotive Funding is affiliated with Finotive Markets, whereas The Funded Trader collaborates with Eightcap and Purple Trading Seychelles. Both firms utilize MetaTrader 5, with The Funded Trader also offering MetaTrader 4.
Trading Instruments Comparison
An integral part of this comparison is the variety of trading instruments available. Both Finotive Funding and The Funded Trader provide access to Forex pairs, commodities, and indices, with both also offering options in cryptocurrency trading.
Community Feedback and Reputation
Trustpilot ratings reveal Finotive Funding with a 4.3/5 score from 279 reviews, while The Funded Trader stands at 4.5/5 from 13,361 reviews, indicating The Funded Trader’s broader popularity. However, recent updates suggest a growing popularity for Finotive Funding as well.
Conclusion
To sum up, both Finotive Funding and The Funded Trader emerge as stellar choices for traders seeking proprietary trading opportunities. They distinguish themselves with unique differences in trading rules, objectives, pricing, community feedback, and especially in the variety of funding program options offered.
