In this article, we will be making a general and two-step comparison between Finotive Funding and My Forex Funds.
Finotive Funding & My Forex Funds Two-step Comparison
In this article, we will be making a general and two-step comparison between Finotive Funding and My Forex Funds. We will compare the two mentioned proprietary trading firms in general and what they are offering to forex traders worldwide.
Company Details
| Company Details | Finotive Funding | My Forex Funds |
|---|---|---|
| Incorporation date | April 2021 | July 2020 |
| CEO | Oliver Newland | Murtuza Kazmi |
| Office Location | Budapest, Hungary | Toronto, Canada |
| Maximum Allocation Capital | 3x 200,000 | 2x $300,000 |
Finotive Funding and My Forex Funds are both reliable and trustworthy proprietary trading firms. Finotive Funding was incorporated in April 2021, while My Forex Funds started operating in July 2020. When it comes to CEOs, Oliver Newland is the CEO of Finotive Funding, while My Forex Funds is being run by Murtuza Kazmi. Finotive Funding has offices located in Budapest, Hungary, while My Forex Funds has its headquarters in Toronto, Canada. And lastly, when it comes to the maximum allocation capital, traders can manage 3x 200k two-step evaluation accounts with Finotive Funding, while with My Forex Funds, traders can obtain funding up to 2x $300k two-step evaluation accounts. Note that both proprietary trading firms also have a scaling plan.
Funding Program Options
| Funding Program Options | Finotive Funding | My Forex Funds |
|---|---|---|
| One-step Evaluation | ✅ | ✅ |
| Two-step Evaluation | ✅ | ✅ |
| Instant Funding | ✅ | ✅ |
Finotive Funding and My Forex Funds both offer multiple funding programs to forex traders worldwide. My Forex Funds offers a unique one-step evaluation, a two-step evaluation, and an instant funding program. Finotive Funding, on the other hand, also offers a one-step evaluation, two-step evaluation, and instant funding programs.
That being said, let’s take a look at the comparison of the two-step evaluation programs.
Two-step Comparison:
| Trading Rules/Objectives | Finotive Funding | My Forex Funds |
|---|---|---|
| Phase 1 Profit Target | 7.5% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Daily Drawdown | 5% | 5% |
| Overall Drawdown | 10% | 12% |
| Leverage | 1:100 up to 1:400 | 1:100 |
| Minimum Trading Days | No minimum trading days | 5 calendar days |
| Trading Period | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited |
| Profit Split | 75% up to 95% | 75% 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 | My Forex Funds |
|---|---|---|
| $2,500 | $50 | ❌ |
| $5,000 | $75 | $49 |
| $10,000 | $100 | $84 |
| $20,000 | ❌ | $139 |
| $25,000 | $150 | ❌ |
| $50,000 | $300 | $299 |
| $100,000 | $500 | $499 |
| $200,000 | $950 | $979 |
| $300,000 | ❌ | $1,389 |
Brokers & Trading Platforms
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 | My Forex Funds | |
|---|---|---|
| Broker | Finotive Markets | Traders Global Group |
| Trading platform | MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
Trading Instruments
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 My Forex Funds.
| Trading Instrument | Finotive Funding | My Forex Funds |
|---|---|---|
| Forex pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Crypto | ✅ | ✅ |
Community Feedback
The last topic we will go through is community feedback from Finotive Funding and My Forex Funds. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.
| Trustpilot Statistics | Finotive Funding | My Forex Funds |
|---|---|---|
| Rating | 4.4/5 | 4.8/5 |
| Number of Reviews | 247 | 16,913 |
Finotive Funding has a rating of 4.4/5 out of a total of 247 reviews, while My Forex Funds has a rating of 4.8/5 out of 16,913 reviews. Based on the statistics, we can clearly see that My Forex Funds is the more popular proprietary trading firm at the moment.
Conclusion
In conclusion, Finotive Funding and My Forex Funds 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, My Forex Funds offers three as well: a unique one-step evaluation, a two-step evaluation, and instant funding.
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
My Forex Funds 5% active discount code: forexpropreviews
This comparison was lastly updated on 11.08.2023 at 12:53 (CE(S)T).
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