FXIFY & Finotive Funding Two-step Comparison
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Welcome to our comparison between FXIFY and Finotive Funding, where we will compare all the major aspects of each company. We will be looking into the companies themselves as well as the two-step evaluations that both offer to traders from all across the globe.
Company Details
| Company Details | FXIFY | Finotive Funding |
|---|---|---|
| Incorporation Date | May 2023 | April 2021 |
| CEO | David Bhidey & Peter Brown | Oliver Newland |
| Office Location | London, UK | Budapest, Hungary |
| Scaling Plan |  | |
FXIFY and Finotive Funding are two reputable and trustworthy proprietary trading firms. FXIFY was incorporated in May 2023 while being managed by their cou-founders, David Bhidey and Peter Brown. They have their offices located in London, UK. Finotive Funding, on the other hand, was incorporated in April 2021 while being managed by its CEO, Oliver Newland. Additionally, their offices are located in Budapest, Hungary.
Funding Program Options
| Funding Program Options | FXIFY | Finotive Funding |
|---|---|---|
| One-step Evaluation | | |
| Two-step Evaluation | | |
| Three-step Evaluation | |  |
| Instant Funding | | |
FXIFY provides their traders with an opportunity to choose between three funding programs to acquire funding, a two-step evaluation, a one-step evaluation, and a three-step evaluation. Finotive Funding, on the other hand, allows its traders to choose between six funding programs to acquire funding, two two-step evaluations, two one-step evaluations, and two instant funding programs.
Two-step Comparison
| Trading Objectives | Two-Phase Evaluation | Pro Two-Step Challenge | Two-Step Challenge |
|---|---|---|---|
| Profit Target (Phase 1) | 10% | 7.5% | 7.5% |
| Profit Target (Phase 2) | 5% | 5% | 5% |
| Maximum Daily Loss | 5% | 5% | 5% |
| Maximum Loss | 10% | 10% | 10% |
| Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days |
| Maximum Trading Period | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited |
| Leverage | 1:30 (1:50 with Add-on) | 1:100 up to 1:400 | 1:100 up to 1:400 |
| Profit Split | 75% (90% with Add-on) | 75% up to 100% + Monthly Salary | 75% up to 95% |
After covering the trading objectives of each company’s two-step evaluations, let’s take a look at the account sizes and costs of these two-step evaluations.
| Account Size | Two-Phase Evaluation | Pro Two-Step Challenge | Two-Step Challenge |
|---|---|---|---|
| $2,500 | | | $50 |
| $5,000 | | | $75 |
| $10,000 | $75 | | $100 |
| $15,000 | $99 | | |
| $25,000 | $175 | | $150 |
| $50,000 | $325 | $550 | $300 |
| $100,000 | $475 | $850 | $500 |
| $200,000 | $999 | $1,600 | $950 |
| $400,000 | $1,999 | | |
Brokers & Trading Platforms
Now that we have addressed the trading objectives, account sizes, and costs associated with FXIFY and Finotive Funding, it’s time to examine the brokers and trading platforms compatible with each proprietary trading entity.
| FXIFY | Finotive Funding | |
|---|---|---|
| Broker | FXPIG | Finotive Markets |
| Trading Platform | MetaTrader 4, MetaTrader 5, DXtrade | MetaTrader 5 |
Trading Instruments
Another important aspect to compare between proprietary trading firms is trading instruments. In the spreadsheet below, you will be able to learn which trading instrument types can be traded with FXIFY and which with Finotive Funding.
| Trading Instrument | FXIFY | Finotive Funding |
|---|---|---|
| Forex Pairs | | |
| Commodities | | |
| Indices | | |
| Stocks | | |
| Cryptocurrencies | | |
Community Feedback
The last topic we will cover is community feedback from FXIFY and Finotive Funding. The statistics are taken from the Trustpilot page of each of the mentioned companies.
| Trustpilot Statistics | FXIFY | Finotive Funding |
|---|---|---|
| Rating | 4.3/5 | 3.9/5 |
| Number of Reviews | 2,382 | 531 |
| 5-Star Ratings | 80% | 72% |
FXIFY has an excellent rating of 4.3/5. This is out of a total of 1,924 reviews, where 80% of them are rated as 5 stars. Finotive Funding, on the other hand, has a great rating of 3.9/5. However, this is out of a total of 531 reviews, where 72% of them are rated as 5 stars.
Conclusion
In conclusion, FXIFY and Finotive Funding are two incredible choices within the proprietary trading firm industry. We can clearly see there are numerous differences within the compared proprietary trading firms, such as trading objectives, account sizes, costs, and community feedback. In addition, there is also a major difference within the funding programs that each of the companies are offering. FXIFY has a two-step evaluation, a one-step evaluation, and a three-step evaluation, while Finotive Funding has two two-step evaluations, two one-step evaluations, and two instant funding programs.
This concludes our comparison between FXIFY and Finotive Funding. If either of the compared proprietary trading firms sparked an interest, we have prepared a unique discount code, which you can apply while purchasing an evaluation to make it even more affordable!
FXIFY 15% discount code: FOREXPROPREVIEWS
Finotive Funding 5% discount code + 5% increased profit split: FOREXPROPREVIEWS
Our comparison between FXIFY and Finotive Funding was last updated on 19.06.2024 at 09:06 (CE(S)T).
