Finotive Funding vs Forex Capital Funds

Comparing Finotive Funding and Forex Capital Funds

When retail traders look for a proprietary trading firm to partner with, they must weigh the pros and cons of each option to find the best fit for their trading style and goals. In this review, we compare Finotive Funding with Forex Capital Funds, examining the unique offerings and potential setbacks of each to inform traders before they make a decision.

Programs and Leverage Options

Finotive Funding stands out with its aggressive leverage options, offering up to 1:400 leverage across three funding programs. This could be especially appealing to traders who have a high-risk tolerance and wish to maximize their trading positions. In contrast, Forex Capital Funds maintains a more conservative stance with leverage capped at 1:30, which may suit traders who prefer minimizing risk.

Profit Sharing and Trading Terms

Finotive Funding boasts an exceptional profit split of 95%, which is quite attractive. However, it's crucial to note the potential for a 25% reduction in this profit share if traders violate the Real-Time Profit (RTP) guidelines after receiving funding. Forex Capital Funds offers a profit share ranging from 80% to 90%, which, while less than Finotive, does not mention an equivalent penalty mechanism.

Trading Flexibility and Tools

Both firms permit news trading and holding positions over the weekend, important considerations for traders who rely on event-driven strategies or prolonged trades. The range of instruments—forex, commodities, indices, and cryptocurrencies—is identical for both, offering plenty of diversification opportunities. Finotive Funding, however, distinguishes itself further by allowing the use of Expert Advisors (EAs) and bots, and offering a scaling option with potential account sizes increasing up to $3,200,000. This aggressive scaling could be a significant draw for traders looking for rapid growth under a prop firm's structure.

User Feedback and Trust

A remarkable Trustpilot score of 4.3/5 indicates strong user satisfaction with Finotive Funding. Unfortunately, Forex Capital Funds suffers here, not from negative feedback but from a lack of available reviews. Being a newer firm, incorporated in July 2023, it has had less time to establish a reputation in the trading community compared to Finotive Funding, which has been around since April 2021.

Firm Rules and Restrictions

Both firms enforce maximum daily loss limits and overall loss thresholds, which are standard practices to limit risk. Finotive Funding allows for more freedom by not restricting traders on news events, maximum trading days, or the use of third-party copy trading systems—though they highlight a strict "No Gambling Mentality" rule. Forex Capital Funds, conversely, does not allow copy trading at all and sets firm parameters around trading days and third-party EA usage.

Financial Transactions

Deposit and withdrawal methods are similar for both firms, with options to use credit/debit cards and cryptocurrencies. However, Finotive Funding offers an additional withdrawal method via bank wire transfer, which could be more convenient for some traders. It is also worth noting the breadth of account sizes offered by Finotive, ranging from $2,500 to $200,000 USD, satisfying a broad spectrum of trader needs.

Conclusion

Ultimately, Finotive Funding appears to cater to a more aggressive trader with its high leverage, generous profit splits, and potential for account scaling. It's a firm for those who appreciate flexibility in trading strategies and who have clear risk management practices in place. Forex Capital Funds, with its lower leverage and more stringent rules, may be a safer harbor for those newer to proprietary trading or who are more risk-averse. As with any investment decision, traders should thoroughly consider their trading style, strategy, and risk management preferences when choosing a prop firm.