In this article, we will be making a general and two-step comparison between Finotive Funding and FTMO.
In this article, we will be making a general and two-step comparison between Finotive Funding and FTMO.
In this article, we will be making a general and two-step comparison between Finotive Funding and FTMO. We will compare the two mentioned proprietary trading firms in general and what they are offering to forex traders worldwide.
Company Details | Finotive Funding | FTMO |
---|---|---|
Incorporation Date | April 2021 | September 2015 |
CEO | Oliver Newland | Otakar Suffner |
Office Location | Budapest, Hungary | Prague, Czech Republic |
Maximum Allocation Capital | 3x 200,000 | $400,000 |
Finotive Funding and FTMO are both reliable and trustworthy proprietary trading firms. Finotive Funding was incorporated in April 2021, while FTMO started operating in September 2015. When it comes to CEOs, Oliver Newland is the CEO of Finotive Funding, while FTMO is being run by Otakar Suffner. Finotive Funding has offices located in Budapest, Hungary, while FTMO has its headquarters in Prague, Czech Republic. And lastly, when it comes to the maximum allocation capital, traders can manage 3x 200k two-step evaluation accounts with Finotive Funding, while with FTMO, traders can obtain funding up to $400k. Note that both proprietary trading firms also have a scaling plan with unlimited upside potential.
Funding Program Options | Finotive Funding | FTMO |
---|---|---|
One-step Evaluation | ✅ | ❌ |
Two-step Evaluation | ✅ | ✅ |
Instant Funding | ✅ | ❌ |
Finotive Funding and FTMO both offer multiple funding programs to forex traders worldwide. Finotive Funding offers a one-step evaluation, a two-step evaluation, and an instant funding program. FTMO, on the other hand, offers a two-step evaluation.
Let’s look at the comparison between the two-phase evaluation since both proprietary trading firms are offering it.
Two-step Comparison:
Trading Rules/Objectives | Finotive Funding | FTMO |
---|---|---|
Phase 1 Profit Target | 7.5% | 10% |
Phase 2 Profit Target | 5% | 5% |
Daily Drawdown | 5% | 5% |
Overall Drawdown | 10% | 10% |
Leverage | 1:100 up to 1:400 | 1:30 up to 1:100 |
Minimum Trading Days | No minimum trading days | 4 calendar days |
Trading Period | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited |
Profit Split | 75% up to 95% | 80% up to 90% |
Now that we have covered all the rules and guidelines of the two-step evaluation. Let’s take a closer look at prices.
Account Size | Finotive Funding | FTMO |
---|---|---|
$2,500 | $50 | ❌ |
$5,000 | $75 | ❌ |
$10,000 | $100 | €155 |
$25,000 | $150 | €250 |
$50,000 | $300 | €345 |
$100,000 | $500 | €540 |
$200,000 | $950 | €1,080 |
After covering all the trading objectives, rules, and pricing, let’s take a closer look at brokers and trading platforms that we can use with each proprietary trading firm.
Finotive Funding | FTMO | |
---|---|---|
Broker | Finotive Markets | Tier-1 Liquidity Provider with Best Simulated Real Market Trading Conditions |
Trading Platform | MetaTrader 5 | MetaTrader 4, MetaTrader 5, cTrader, DXtrade |
Another important factor when comparing proprietary trading firms is trading instruments. Below you can see which trading instruments we can trade with Finotive Funding and FTMO.
Trading Instrument | Finotive Funding | FTMO |
---|---|---|
Forex Pairs | ✅ | ✅ |
Commodities | ✅ | ✅ |
Indices | ✅ | ✅ |
Stocks | ❌ | ✅ |
Bonds | ❌ | ✅ |
Crypto | ✅ | ✅ |
The last thing we will go through is the feedback from Finotive Funding and FTMO prop firms. The reviews we will be looking at are from Trustpilot.
Trustpilot Statistics | Finotive Funding | FTMO |
---|---|---|
Rating | 4.3/5 | 4.8/5 |
Number of Reviews | 279 | 5,999 |
Finotive Funding has a rating of 4.3/5 out of a total of 279 reviews, while FTMO has a rating of 4.8/5 out of 5,999 reviews. Based on the statistics, we can clearly see that FTMO is the more popular proprietary trading firm at the moment.
In conclusion, Finotive Funding and FTMO are two excellent proprietary trading firm choices for any trader. We can see some clear differences regarding the trading rules and objectives, prices, and community feedback. In addition, we can also see that there is a difference regarding funding program options since Finotive Funding offers the following three: one-step evaluation, two-step evaluation, and instant funding. On the other hand, FTMO offers a two-step evaluation.
We will be ending the comparison with our special discount codes for each of the two compared proprietary trading firms. You can find both discount codes below!
Finotive Funding 5% discount code + 5% increased profit split: FOREXPROPREVIEWS
This comparison was lastly updated on 10.11.2023 at 09:55 (CE(S)T).