Blue Guardian vs Finotive Funding

Comparing Blue Guardian VS Finotive Funding

Retail traders looking for a prop firm that suits their trading needs may often find themselves at a crossroads. Two notable firms in the prop trading space are Blue Guardian and Finotive Funding, each offering unique advantages and some limitations. In this comparative review, we offer a closer look at these firms, looking beyond their stark numbers to understand what they truly offer to a day trader's journey.

Account Potential and Profit Sharing

Blue Guardian boasts an impressive standard account cap of $400,000, which is a noteworthy figure for traders looking to manage a substantial sum. Furthermore, the potential to scale up to $2,000,000 is an aspirational target that speaks volumes about the growth possibilities within the firm. With a generous 85% profit share, traders benefit significantly from their successful trading strategies. On the other end, Finotive Funding presents a staggering scaling option up to $3,200,000 through its aggressive instant funding program. Coupled with a 95% profit split, it takes the lead on offering a slightly more attractive deal, albeit with the caveat of a 25% reduced profit split if specific rules are violated.

Leverage, Evaluation Goals, and Trading Conditions

Regarding leverage, Blue Guardian provides a practical maximum of 1:100, which would satisfy most retail traders without exposing them to excessive risk. Its minimal evaluation goals of 8% and 4% are achievable and seem to encourage a more strategic trading approach. Finotive Funding, however, takes a more audacious turn with leverage going up to 1:400. This is a double-edged sword, providing aggressive traders immense power while simultaneously increasing the risk. Its unlimited free evaluations and commitment to not penalize negative balances with redeposit requirements underscore a more flexible approach to trader development. Both firms offer the freedom to hold positions over weekends and trade during news events, a significant plus for traders not wanting to miss opportunities or having to adjust strategies around such restrictions.

User Interface and Trading Tools

With regard to the trading environment, Blue Guardian's user interface is noted for being comprehensive, an essential factor for seamless trading activities. A rich array of tools across multiple assets, including forex, commodities, crypto, and more, means that traders have ample opportunities to diversify their strategies. Finotive Funding matches this offering with a similarly diverse range of instruments reachable with its trading tools.

Rules and Restrictions

The policies set by Blue Guardian and Finotive Funding maintain industry standards such as maximum loss and maximum daily loss limits, as well as minimum trading days and profit targets. However, Blue Guardian imposes a mandatory 5 trading days minimum for Elite Guardian, which some may find restrictive, and highlights the absence of free trials from both firms—an aspect that can be a turn-off for those wanting to test the waters without financial commitments.

Deposit and Withdrawal Options

Both firms align on payment methods, catering to the modern trader with options for traditional credit/debit card transactions and the flexibility of cryptocurrencies. Withdrawal methods are also similar, offering bank wire, crypto, and Deel, aligning with contemporary financial preferences.

Account Sizes and Settings

Blue Guardian provides accounts denominated in USD across a range of sizes that will cater to most traders' preferences. Finotive Funding stretches beyond with offerings in EUR, GBP, and USD, accommodating traders who prefer or require these currencies.

Conclusion: Which Firm Suits Your Trading Style?

After dissecting both prop firms, it's evident that both Blue Guardian and Finotive Funding hold significant potential for the right trader. Blue Guardian shows strength through its substantial profit share and straightforward leverage, catering well to both conservative and moderately aggressive traders. Finotive Funding, with its high leverage and scaling options, might appeal to the extremely confident trader who is willing to walk a riskier path for possibly higher rewards. Evaluating the pros and cons of each firm comes down to individual trading styles, financial goals, and risk tolerance. Retail traders and potential users should reflect deeply on these aspects before embarking on a partnership with either Blue Guardian or Finotive Funding.