Finotive Funding vs Leveled Up Society

Comparative Overview of Finotive Funding and Leveled Up Society

For retail traders contemplating prop trading partnerships, Finotive Funding and Leveled Up Society are two firms to consider. Here, we provide a detailed comparison of their offerings to facilitate a well-informed decision for prospective traders.

Finotive Funding: Pros and Flexibility for Traders

Finotive Funding stands out with a generous 95% profit split, an exceptional 4.3 out of 5 rating on Trustpilot, and three funding programs with up to 1:400 leverage. This high leverage can be attractive to seasoned traders adept at managing risk. The firm provides unlimited free evaluations and redeposit options for negative balances, which can be a significant safety net for traders. Their rules focus on maintaining disciplined trading with limits on daily and overall losses, along with a clear profit target. Finotive also supports the use of trading bots and various strategies including holding positions overnight and during news events, catering to a wide array of trading styles. Its aggressive instant funding scaling option, extending up to $3,200,000, is a formidable feature for traders looking to expand their reach significantly. The firm's inclusivity of various trading tools—spanning forex, commodities, indices, to cryptocurrencies—is excellent for diversification.

Leveled Up Society: High Cap and Asset Access

Leveled Up Society offers account balances for traders up to $1,000,000 with unlimited evaluation retries, along with a competitive 80-90% profit share paid fortnightly. Traders may find the 1:100 leverage more conservative yet still functional for scaling up. The firm permits overnight and weekend holds, appealing to swing traders. It presents a diverse trove of tradable assets, although it is noted that some strategies such as martingale are prohibited, and there are restrictions on news-based trading, which might limit some trading strategies. The trailing drawdown for single-step accounts is a feature that might appeal to those who prefer a clear risk management framework.

Consideration of Downsides

Every firm has limitations, and these are no exception. Finotive Funding lowers the profit split to 75% if the Real-Time Performance (RTP) rule is violated after funding. Also, there is no free trial available, which may dissuade those looking to test the waters before committing funds. In contrast, Leveled Up Society limits news trading and explicitly bans the martingale strategy, which could be a significant disadvantage for traders who specialize in news events or use doubling down strategies to recover from losses.

Trading Terms and Practicalities

When reviewing the rules set by each firm, traders must take into account daily maximum loss thresholds, no gambling policies, and profit targets, which are common to both firms. Leveled Up Society adds minimum trading days to its rule set, enforcing a more disciplined approach to trading frequency. Deposit and withdrawal mechanisms are comparable, offering modern methods like cryptocurrency and traditional credit/debit cards. Withdrawals through bank wire are unique to Finotive Funding while both support the Deel platform.

Account Sizes and Currencies

Finotive Funding offers a more extensive range of account sizes, which provides flexibility to traders with different capital requirements and risk appetites. Additionally, it accommodates multiple account currencies: EUR, GBP, and USD, while Leveled Up Society operates with USD accounts only.

Concluding Insight

Between Finotive Funding and Leveled Up Society, retail traders have two robust options for prop trading partnerships. The choice hinges on individual trading style preferences, risk tolerance, and specific strategy requirements. Finotive Funding's high leverage and profit split could be decisive for aggressive traders, whereas Leveled Up Society's sizeable account balance and conservative leverage might suit risk-averse traders better. Ultimately, a trader's unique trading approach and comfort with each firm's rules and restrictions should guide their selection.