Unveiling the Trading Strategies of Prop Firms: A Comprehensive Comparison of Fidelcrest and Finotive Funding
Navigating the Trading Objectives of Fidelcrest and Finotive Funding
In the realm of proprietary trading firms, Fidelcrest and Finotive Funding stand out as formidable contenders, offering traders a unique opportunity to leverage their skills and potentially reap substantial rewards. To help traders make informed decisions, we embark on a comprehensive analysis of their trading objectives, comparing their Normal and Aggressive Risk programs.
Phase 1 Profit Targets: Setting the Foundation
In Phase 1, Fidelcrest’s Normal Risk program sets a 10% profit target, while its Aggressive Risk program aims for 15% or 20%. Finotive Funding, on the other hand, targets a more conservative 7.5% profit.
Phase 2 Profit Targets: Scaling Up
As traders progress to Phase 2, Fidelcrest’s Normal Risk program offers profit targets of 5% or 10%, while the Aggressive Risk program maintains its 15% or 20% targets. Finotive Funding, however, remains at a 5% profit target.
Managing Risk: Setting Boundaries
To ensure prudent risk management, Fidelcrest’s Normal Risk program limits daily losses to 5%, while the Aggressive Risk program allows for a higher 10% daily loss. Finotive Funding also sets a 5% daily loss limit.
In terms of maximum loss, Fidelcrest’s Normal Risk program caps it at 10%, while the Aggressive Risk program sets it at 20%. Finotive Funding maintains a 10% maximum loss limit.
Trading Flexibility: Time and Commitment
Both Fidelcrest and Finotive Funding eliminate the concept of minimum trading days, providing traders with the flexibility to trade at their own pace. However, Fidelcrest imposes a maximum trading period of 60 calendar days in Phase 1 and 60 calendar days (with an optional add-on for unlimited trading) in Phase 2. Finotive Funding, on the other hand, offers unlimited trading periods in both phases.
Profit Sharing: Sharing the Success
Fidelcrest’s Normal Risk program offers an 80% profit split, while the Aggressive Risk program provides a generous 90% profit split. Finotive Funding’s profit split ranges from 75% to 95%, depending on the trader’s performance.
Choosing the Right Fit: Aligning with Trading Goals
The 5 key features of UProfit
- Phase 1 profit targets: 10-15% for Fidelcrest, 7.5% for Finotive
- Phase 2 profit targets: 5-10% for Fidelcrest, 5% for Finotive
- Risk Management: 5% daily loss limit for Fidelcrest Normal Risk, 10% for Risk Aggressive, 5% for Finotive
- Trading flexibility: no minimum trading days, maximum 60 days for Fidelcrest Phase 1, unlimited for Finotive
- Profit sharing: 80% for Fidelcrest Normal Risk, 90% for Aggressive Risk, 75-95% for Finotive
This in-depth comparison of Fidelcrest and Finotive Funding’s trading objectives empowers traders to make informed decisions about which program aligns best with their individual trading strategies and aspirations. By carefully considering the profit targets, risk management parameters, trading flexibility, and profit sharing arrangements, traders can optimize their chances of success in the competitive world of proprietary trading.
