In this article, we will be making a general and one-step comparison between Finotive Funding and The Funded Trader.
Finotive Funding & The Funded Trader One-step Comparison
In this article, we will be making a general and one-step comparison between Finotive Funding and The Funded Trader. 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 | The Funded Trader |
|---|---|---|
| Incorporation date | April 2021 | May 2021 |
| CEO | Oliver Newland | Angelo Ciaramello |
| Office Location | Budapest, Hungary | Liberty Hill, Texas |
| Maximum Allocation Capital | 3x 200,000 | $1,500,000 |
Finotive Funding and The Funded Trader are both reliable and trustworthy proprietary trading firms. Finotive Funding was incorporated in April 2021, while The Funded Trader started operating in May 2021. When it comes to CEOs, Oliver Newland is the CEO of Finotive Funding, while The Funded Trader is being run by Angelo Ciaramello. Finotive Funding has offices located in Budapest, Hungary, while The Funded Trader has its headquarters in Liberty Hill, Texas. And lastly, when it comes to the maximum allocation capital, traders can manage 3x 200k one-step evaluation accounts with Finotive Funding, while with The Funded Trader, traders can manage up to $600,000 one-step evaluation accounts. Note that both proprietary trading firms also have a scaling plan.
Funding Program Options
| Funding Program Options | Finotive Funding | The Funded Trader |
|---|---|---|
| One-phase Evaluation | ✅ | ✅ |
| Two-phase Evaluation | ✅ | ✅ |
| Instant Funding | ✅ | ❌ |
Finotive Funding and The Funded Trader both offer funding programs to forex traders worldwide. Finotive Funding offers a one-step evaluation, two-step evaluation, and instant funding programs. The Funded Trader, on the other hand, offers a one-step evaluation and three two-step evaluations.
That being said, let’s take a look at the comparison of the one-step evaluation programs.
One-step Comparison:
| Trading Rules/Objectives | Finotive Funding | The Funded Trader |
|---|---|---|
| Profit Target | 10% | 10% |
| Daily Drawdown | 4% | 3% |
| Overall Drawdown | 7.5% | 6% (Trailing) |
| Leverage | 1:100 up to 1:400 | 1:30 |
| Minimum Trading Days | No limit | No limit |
| Trading Period | No limit | No limit |
| Profit Split | 75% up to 95% | 80% up to 90% |
Now that we have covered all the rules and guidelines of the one-step evaluation. Let’s take a closer look at prices.
| Account Size | Finotive Funding | The Funded Trader |
|---|---|---|
| $2,500 | $60 | ❌ |
| $5,000 | $90 | ❌ |
| $10,000 | $120 | ❌ |
| $25,000 | $180 | $189 |
| $50,000 | $360 | $289 |
| $100,000 | $600 | $489 |
| $200,000 | $1,140 | $939 |
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 | The Funded Trader | |
|---|---|---|
| Broker | Finotive Markets | Eightcap, Purple Trading Seychelles |
| 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 The Funded Trader.
| Trading Instrument | Finotive Funding | The Funded Trader |
|---|---|---|
| Forex pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Crypto | ✅ | ✅ |
Community Feedback
The last topic we will go through is community feedback from Finotive Funding and The Funded Trader. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.
| Trustpilot Statistics | Finotive Funding | The Funded Trader |
|---|---|---|
| Rating | 4.1/5 | 4.6/5 |
| Number of Reviews | 146 | 7,339 |
Finotive Funding has a rating of 4.1/5 out of a total of 146 reviews, while The Funded Trader has a rating of 4.6/5 out of 7,339 reviews. Based on the statistics, we can clearly see that The Funded Trader is the more popular proprietary trading firm at the moment. However, based on the recent updates that Finotive Funding has presented, they have also grown significantly in popularity.
Conclusion
In conclusion, Finotive Funding and The Funded Trader 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 a one-step evaluation, two-step evaluation, and instant funding. On the other hand, The Funded Trader offers a one-step evaluation and three two-step evaluations.
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
The Funded Trader 10% discount code: forexpropreviews
This comparison was lastly updated on 12.06.2023 at 13:23 (CE(S)T).
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