In this analysis, we provide a detailed comparison between two notable proprietary trading firms, FundedNext and Blue Guardian. This comparison aims to highlight what each firm offers to forex traders globally, focusing on general company details and their two-step evaluation programs.
Company Profiles
Both FundedNext and Blue Guardian have made their mark as trustworthy proprietary trading firms:
- Incorporation Dates: FundedNext was incorporated in March 2022, and Blue Guardian started its operations in September 2021.
- Leadership: Abdullah Jayed heads FundedNext, while Sean Bainton leads Blue Guardian.
- Office Locations: FundedNext is based in the United Arab Emirates and Bangladesh, whereas Blue Guardian operates from the West Midlands, UK.
- Maximum Capital Allocation: FundedNext offers up to $300,000, while Blue Guardian provides up to $400,000 in funding for traders.
Both firms feature a scaling plan to increase traders’ capital over time.
Funding Program Options
FundedNext and Blue Guardian present a range of funding programs for global forex traders:
- FundedNext: Offers both one-step and two-step evaluations.
- Blue Guardian: Provides one-step and two-step evaluations as well.
Two-Step Evaluation Comparison
Let’s delve into the specifics of the two-step evaluation programs:
- Profit Targets: Both firms have similar Phase 1 targets, but Blue Guardian offers slightly lower Phase 2 profit targets.
- Drawdown Limits: Blue Guardian provides more favorable daily and overall drawdown limits in one of its programs.
- Leverage: Leverage options vary, with Blue Guardian offering 1:50 in one of its programs.
- Minimum Trading Days: FundedNext requires 5 calendar days, while Blue Guardian has no minimum in one program.
- Profit Split: Blue Guardian offers a consistent 85% profit split, whereas FundedNext varies between 80% and 90%.
Price Comparison for Account Sizes
Here’s a breakdown of pricing for different account sizes offered by each firm:
- Smaller Accounts: Options available at various price points for accounts ranging from $6,000 to $15,000.
- Mid-Range Accounts: $25,000 accounts offered at competitive rates by both firms.
- Larger Accounts: Both firms provide options for $50,000, $100,000, and $200,000 accounts, with prices reflecting the increased capital.
Through this comparison, traders can gain a better understanding of what FundedNext and Blue Guardian offer, allowing for an informed choice based on their specific trading needs and preferences.
Brokers & Trading Platforms Overview
Continuing our detailed comparison between FundedNext and Blue Guardian, we now focus on the brokers and trading platforms each firm collaborates with.
Brokerage Partners
- FundedNext: Works with Incenteco and GrowthNext as its broker partners.
- Blue Guardian: Partners with Eightcap and Purple Trading Seychelles for brokerage services.
Available Trading Platforms
- Both FundedNext and Blue Guardian provide traders with access to the popular MetaTrader 4 and MetaTrader 5 platforms.
Trading Instruments Comparison
An important aspect in selecting a proprietary trading firm is the variety of trading instruments they offer:
- Both firms allow trading in Forex Pairs, Commodities, and Indices.
- A notable difference is that Blue Guardian also offers trading in Cryptocurrencies, whereas FundedNext does not.
Community Feedback and Trustworthiness
The final aspect of our analysis is the community feedback for both firms, as reflected on Trustpilot:
- FundedNext: Holds a strong rating of 4.7/5 based on a significant number of reviews (7,049), indicating its widespread popularity and user satisfaction.
- Blue Guardian: Though having fewer reviews (631), it has an impressive rating of 4.8/5, showcasing high levels of client trust and satisfaction.
This feedback provides insights into the reputation and reliability of both FundedNext and Blue Guardian within the trading community.
Conclusion: FundedNext vs Blue Guardian
After an extensive comparison of FundedNext and Blue Guardian, it’s clear that both proprietary trading firms present excellent opportunities for traders. Each firm offers unique features, making them suitable for a range of trading preferences and strategies.
Key Differentiators
Our comparison highlighted several important differences between the two firms:
- Trading Rules and Objectives: Distinct differences in profit targets, drawdown limits, and leverage are evident, catering to different trading styles.
- Pricing: Each firm offers competitive pricing for various account sizes, appealing to a broad range of traders.
- Community Feedback: Both firms enjoy strong ratings on Trustpilot, though FundedNext shows a higher number of reviews, suggesting greater popularity.
- Funding Program Options: FundedNext provides a wider range of evaluations, including two one-step and two two-step evaluations, whereas Blue Guardian offers one one-step and two two-step evaluations.
The choice between FundedNext and Blue Guardian will depend on individual preferences, trading requirements, and goals.
