Forex Prop Reviews makes a video comparing two more well-known prop trading firms this time. We will compare The Funded Trader and Finotive Funding based on several criteria.
Angelo Ciaramello serves as The Funded Trader’s CEO. It was founded in May 2021. Oliver Newland is the CEO of Finotive Funding, which was founded on April 23, 2021.
While Finotive Funding is based in Europe, in Budapest, Hungary. The Funded Trader has United States offices in Liberty Hills, Texas.
Finotive Funding and The Funded Trader are two of the better-known and more popular established prop firms in the industry. Both of which are quickly gaining notoriety.
Both offer desirable terms to traders around the world. The main difference lies in the funding programs, with The Funded Trader offering the option to choose between three different two-step evaluation programs. Traders can choose between a two-step evaluation program and a direct funding program.
While Finotive Funding uses its broker, The Funded Trader lets you use Eightcap or Purple Trading Seychelles as their brokers. Infinitive Markets recently introduced both prop trading companies.
Comparison between Finotive Funding and The Funded Trader
Both MetaTrader 4 and MetaTrader 5 are available for trading. There is no difference, but traders who chose EightCap and not Purple Trading Seychelles cannot select MetaTrader 5 in The Funded Trader. Both trading companies allow their clients to trade cryptocurrencies, commodity indices, and forex pairs.
There are a few differences. When trading forex pairs in The Funded Trader, there is a fee of four dollars per round, but when trading cryptocurrencies, there is no fee. In contrast, Finotive Funding does not charge commissions to traders who trade during the two-step evaluation phases.
The final minor factor is community opinion, which gave The Funded Trader program 4.9 out of 5 stars and Finotive Funding 3.9 out of 5 stars, significantly fewer ratings.
For detailed insight, click the link below:
Click on the link to read about the 10 Best Forex Prop Trading Firms.
And to get 10% off for The Funded Trader challenge, use code (FOREXPROPREVIEWS), and to get 5% Off + 5% Profit split increase on Finotive Funding challenges, use code (FOREXPROPREVIEWS).
