In this article, we will compare Finotive Funding and Funded Trading Plus in general and what they offer to forex traders.
In this article, we will compare Finotive Funding and Funded Trading Plus in general and what they offer to forex traders.
In this article, we will go through what Finotive Funding and Funded Trading Plus have to offer. We will compare the firms in general and what they offer to forex traders.
1. Company incorporation
Finotive Funding | Funded Trading Plus | |
Incorporation date | April 2021π | November 2021 |
Finotive Funding and Funded Trading Plus are legitimate proprietary trading firms. Finotive Funding was incorporated in April 2021 and has become one of the most successful firms in the industry. Funded Trading Plus, on the other hand, is a relatively new proprietary trading firm incorporated in November 2021. However, despite the short period they are operating, they have made an excellent reputation for themselves and are attracting attention from forex traders worldwide.
2. Funding program options
Funding program options | Finotive Funding | Funded Trading Plus |
One-phase evaluation | β | β |
Two-phase evaluation | β | β |
Direct funding | β | β |
Finotive Funding and Funded Trading Plus have the following funding program options that their community can choose from. Finotive Funding has a two-phase evaluation and direct funding, while Funded Trading Plus has a one-phase evaluation, two-phase evaluation, and direct funding.
Letβs look at the comparison between their two-phase evaluation and direct funding programs since both proprietary trading firms are offering them.
Two-phase funding program comparison:
Rule/Guideline | Finotive Funding | Funded Trading Plus |
Phase 1 profit target | 7.5%π | 10% |
Phase 2 profit target | 5%π | 5%π |
Daily drawdown | 5% | 5% |
Overall drawdown | 10% | 10% |
Leverage | 100:1 up to 400:1π | 30:1 |
Minimum trading days | 5 calendar days | No minimum trading daysπ |
Phase 1 trading period | 30 calendar days | No limitπ |
Phase 2 trading period | 60 calendar days | No limitπ |
Profit split | 75% up to 95%π | 80% up to 90% |
Now that we have gone through their rules and guidelines for their two-phase evaluation challenges we are going to go through pricing for different account sizes.
Account size | Finotive Funding | Funded Trading Plus |
$2.500 | $50 | β |
$5,000 | $75 | β |
$10,000 | $100 | β |
$25,000 | $150π | $199 |
$50,000 | $300π | $349 |
$100,000 | $500 | $499π |
$200,000 | $950 | $999 |
Letβs look at the comparison between their direct funding programs since both proprietary trading firms are offering them.
Direct funding program comparison:
Rule/Guideline | Finotive Funding standard | Finotive Funding aggressive | Funded Trading Plus |
Profit target | 2.5%π | 5% | 5% |
Daily drawdown | 5% | 10% | No limitπ |
Overall drawdown | 8% | 16%π | 5% |
Leverage | 100:1π | 100:1π | 10:1 |
Minimum trading days | No limit | No limit | No limit |
Trading period | 90 calendar days | 90 calendar days | No limitπ |
Profit split | 55% up to 75% | 60% up to 75% | 70% up to 90%π |
Now that we have gone through their rules and guidelines for their two-phase evaluation challenges we are going to go through pricing for different account sizes.
Account size | Finotive Funding standard | Finotive Funding aggressive | Funded Trading Plus |
$2.500 | $95 | $165 | β |
$5,000 | $190π | $330 | $225 |
$10,000 | $335π | $660 | $450 |
$25,000 | $525π | $1,340 | $1,125 |
$50,000 | $1,055π | $2,400 | $2,250 |
$100,000 | $2,100π | $5,280 | $4,500 |
3. Broker and trading platform
Now that we have gone through all of the funding programs that they are offering. Letβs compare which brokers and trading platforms you can use with each prop trading firm.
Finotive Funding | Funded Trading Plus | |
Broker | Finotive Markets | Eightcap |
Trading platform | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5. TradingViewπ |
4. Trading instruments
Another important factor are trading instruments. Letβs see which trading instruments you can trade with Finotive Funding and which with Funded Trading Plus.
Trading instrument | Finotive Funding | Funded Trading Plus |
Forex pairs | β | β |
Commodities | β | β |
Indices | β | β |
Crypto | β | β |
5. Traders’ comments
The last thing we will go through is the feedback from Finotive Funding and Funded Trading Plus prop firms. The reviews we will be looking at are from Trustpilot.
Trustpilot statistics | Finotive Funding | Funded Trading Plus |
Rating | 4.3/5 | 4.9/5π |
Number of reviews | 83 | 375π |
Finotive Funding has a rating of 4.3/5, while Funded Trading Plus has 4.9/5. The number of reviews is quite small for both prop firms, Finotive Funding has 83 reviews, while Funded Trading Plus has 375. One of the reasons behind such a small number of reviews is that both firms are in business for less than a year.
6. Conclusion
In conclusion, Finotive Funding, and Funded Trading Plus are two relatively new but excellent proprietary trading firms. They have a similar incorporation date, which can be easily seen from the number of reviews on Trustpilot. Besides that, the other significant difference would be the funding options. Finotive Funding offers a two-phase evaluation and direct funding, while Funded Trading Plus has a one-phase, two-phase evaluation, and direct funding.
Check our discount codes about the presented proprietary trading firms to end the comparison:
Finotive Funding 5% discount code + 5% increased profit split: FOREXPROPREVIEWS
Funded Trading Plus 7% active discount code: FOREXPROPREVIEWS
This comparison was lastly updated on 03.11.2022 at 11:52 (CE(S)T).