- Three funding programs with up to 1:400 leverage
- Exceptional 4.3/5 Trustpilot; 95% profit split
- Unlimited free evaluation and redeposit for negative balances
- Overnight, weekend, and news trading; EA's/bots allowed
- Scaling option up to $3,200,000 (aggressive instant funding)
- Diverse trading tools: forex, commodities, indices, and cryptocurrencies.
FTMO
- Over 4k Trustpilot reviews at 4.9/5 with exceptional 24/7 customer support.
- Trading Psychologist available, scaling plan, and CEO's public visibility.
- Free trial, infinite evaluation retries, and bi-weekly payments at 80%-90% profit.
- Flexible trading: no cap on duration, minimum 4 days, 1:100 leverage, and diverse tools.
Cons ❌
Finotive Funding
- 25% reduced profit split if RTP is violated after being funded
- No free trial
FTMO
- Educational videos suit beginners more
- Maximum of 2 accounts at $200,000 each
Rules 📋
Finotive Funding
Maximum Daily Loss, Maximum Loss, No Gambling Mentality, Profit Target, Third Party Copy Trading Risk
FTMO
Maximum Daily Loss, Maximum Loss, Minimum Trading Days, No News Trading, Profit Target, Third Party Copy Trading Risk, Third Party EA Risk
When retail traders are searching for a prop firm that aligns with their trading style and risk management, the choice can often be overwhelming. Two notable firms in the industry are Finotive Funding and FTMO, both attracting traders with their unique offerings and benefits.
Finotive Funding Overview
Finotive Funding presents itself as a highly flexible option for traders who are looking to get funded without undergoing the pressure of a time-bound evaluation. The firm's leverage of up to 1:400 gives aggressive traders the firepower they need, while their 95% profit split is among the highest in the industry. Their Trustpilot rating of 4.3/5 signifies a strong trust from their clients.
However, traders must tread carefully with the firm's Reduced Payout Threshold (RTP) policy, which docks their profit split to 75% if violated. Also, the lack of a free trial might be a deterrent for those wanting to test the waters before diving in.
FTMO Overview
FTMO boasts an impressive score of 4.9/5 from over 4,000 Trustpilot reviews, underlining its exceptional reputation and client satisfaction. What sets them apart is the availability of a trading psychologist, a necessity for traders who need to maintain discipline and a robust mindset. Additionally, the dynamic scaling plan appeals to traders looking for growth, and their educational resources support newer traders embarking on their trading journey.
The main drawback for FTMO seems to be the limited account sizes, capped at $200,000 each for up to two accounts. Moreover, the ban on news trading might be a sticking point for those who focus on fundamental analysis.
Trading Rules and Guidelines
Both firms impose a Maximum Daily Loss and Maximum Loss to protect their interests, indicating a focus on risk management. FTMO sets forth a minimum trading days requirement but restricts news trading, which could be viewed as a limitation for some strategies. Both firms emphasize avoiding a gambling mentality, reflecting their commitment to fostering responsible trading practices.
Funding and Withdrawals
The deposit and withdrawal options for both Finotive Funding and FTMO cover the typical needs of most traders, with both firms allowing for cryptocurrency transactions. However, Finotive Funding's use of Deel for withdrawals may be advantageous for international traders who prefer streamlined payment services.
Account Types and Trading Instruments
Finotive Funding provides a variety of account sizes ranging from $2,500 to $200,000, catering to traders at different levels. In contrast, FTMO allows for trading accounts denominated in multiple currencies, giving an added layer of flexibility to international traders. Each firm offers a broad spectrum of trading instruments, although FTMO extends its offerings to include bonds and stocks, which may be enticing to those looking to diversify their trading portfolios.
Company History and Reputation
The maturity of a firm can significantly influence a trader's decision. FTMO's establishment in 2015 provides them with a longer track record, potentially giving traders more confidence in their stability and longevity. Conversely, Finotive Funding's more recent incorporation in April 2021 might make them seem like the new entrant, but their aggressive growth and positive feedback suggest they are a solid contender in the prop trading space.
Final Thoughts
In the competition between Finotive Funding and FTMO, traders must weigh the importance of higher leverage and profit splits against the assurance of educational support and firm maturity. Each firm has carved out its niche—Finotive Funding with its unrestrictive trading conditions and aggressive scaling, and FTMO with its robust trader support system and transparency.
As the industry evolves, retail traders should continuously reassess their prop firm choices to align with evolving market conditions, personal risk tolerance, and trading objectives. Both Finotive Funding and FTMO present compelling opportunities tailored to different trader profiles.
