Finotive Funding Review for 2024
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Last Updated: March 20, 2023
Finotive Funding Review
Cost:
$50-$5,280
Promo: FINOSAVE for 5% OFF
Trading Instruments:
Over 60 Forex pairs, from Majors to Exotics, Commodities, Indices and a range of cryptos
Multiple Accounts:
Up to $600K for Challenge and $200K for Instant Funding
OPT Rating: 8.6/10.0
Days to Funding:
10
Package:
MT4
Highlights:
Offers instant funding, 2 Phase Challenge with 5 day minimums in each step, Pricing starts at $50
Finotive Funding is a relatively new financial service provider, founded by Oliver Newland on April 2021, which offers funding options to businesses, including Islamic Shia Compliant accounts. One of the unique features of Finotive Funding is its 2-phase evaluation process, which requires traders to meet specific profit targets within a set timeframe to be funded.
Once funded, traders can access accounts ranging from $2,500 to $200,000 with varying leverage ratios. What's more impressive is that traders are eligible for up to 95% profit-splitting payouts, and there are no limits on trading days, giving traders the flexibility to maximize their earning potential. In this review, we will delve deeper into Finotive Funding's offerings, services, and benefits to help traders determine if it's the right funding provider for their needs.
Finotive Funding Review Sections
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Finotive Funding Overview
Finotive Funding offers traders a range of funding program options to choose from. One of the unique features of the company's funding programs is its two-step evaluation program, which requires traders to pass specific profit targets within a set timeframe to be funded. This program allows traders to access accounts ranging from $2,500 to $200,000 with varying leverage ratios. The company also offers instant funding program accounts, which come in two different options: standard and aggressive.
The standard instant funding program account is designed for traders seeking a steady and reliable funding option. This program offers traders an initial account size of $5,000 with a leverage ratio of 1:100. Traders can access higher funding levels up to $50,000 with increasing leverage ratios of 1:200 and 1:400.
The aggressive instant funding program account is designed for traders looking to scale their trading business quickly. This program offers traders an initial account size of $25,000 with a leverage ratio of 1:200. Traders can access higher funding levels up to $200,000 with a leverage ratio of 1:400.
Lastly, the one-step evaluation program account is a unique funding option that provides traders with a faster and simpler evaluation process. This program requires traders to achieve a specific profit target within a 30-day evaluation period, and once they pass, they can access accounts ranging from $5,000 to $50,000 with a leverage ratio of 1:100.
Overall, Finotive Funding offers traders a range of funding program options, providing them with the flexibility and choice they need to build a successful trading business. Whether traders are looking for a steady and reliable funding option or a faster and more aggressive scaling option, Finotive Funding has a program that can suit their needs.
Finotive Funding Trader Paths
Finotive Funding offers traders a clear path to success through its two-phase Challenge program, each with clear performance targets that must be achieved to progress. In addition, traders must meet foundational risk parameters such as minimum equity and daily drawdown, which are necessary for responsible trading practices. In Phase 1 and 2, traders must achieve profit targets of 7.5% and 5%, respectively, while meeting the risk parameters. After completing the Challenge, traders become funded and are eligible for profit-splitting payouts of up to 95/5%.
Finotive Funding offers three different funding account options with different sizes, leverage ratios, and upfront fees to accommodate traders' varying styles and risk tolerance. Traders also have the opportunity to scale their accounts with funding options up to $3.2 million. Automated trading approaches like EAs are allowed on all accounts but must abide by the company's general trading rules.
To help traders monitor their performance in real-time, Finotive Funding utilizes the world's most popular trading platform, MetaTrader 5, and provides traders with their dashboard. In this section, we have covered the different funding program options available to traders at Finotive Funding and their trader paths, pricing, account scaling, and platform tools.
Instant Funding
| Standard | Aggressive | |
|---|---|---|
| Weekly Withdrawal Treshold | 2.5% | 5.0% |
| Equity Drawdown | <8% | <16% |
| Daily Drawdown | <5% | <10% |
| Profit Split Starting at | 55% | 60% |
| 90 Days Account Duration | Yes | Yes |
| Responsible Trading Policy Applies? | Yes | Yes |
Classic
Finotive Funding's Instant Funding Classic Path is a popular funding program option for traders looking to quickly gain access to Funding without going through a lengthy evaluation process. This program offers traders an initial account size of $2,500 to $100,000, with leverage ratios of 100:1. Traders can access higher funding levels with increasing upfront fees, ranging from $95 to $2,100, depending on their preferred trading capital size.
Unlike the Challenge program, Instant Funding Classic Path requires traders to pay a one-time upfront fee, which is non-recurring, and they can start trading immediately. In addition, traders on this program must abide by the company's general trading rules and risk parameters, such as minimum equity and daily drawdown, to ensure responsible trading practices. Instant Funding Classic Path is an excellent funding program option for traders who need quick access to Funding and prefer to pay an upfront fee rather than going through the evaluation process.
Aggressive
Finotive Funding's Instant Funding Aggressive program is an ideal funding program option for traders looking for higher funding levels with higher leverage ratios. This program offers traders an initial account size of $2,500 to $100,000, with leverage ratios of 100:1. Traders can access higher funding levels with increasing upfront fees, ranging from $165 to $5,280, depending on their preferred trading capital size.
Like the Instant Funding Classic Path, this program requires traders to pay a one-time upfront fee, which is non-recurring, and they can start trading immediately. Traders on this program must abide by the company's general trading rules and risk parameters, such as minimum equity and daily drawdown, to ensure responsible trading practices.
The Instant Funding Aggressive program offers traders the opportunity to trade with higher leverage ratios, potentially increasing their trading profits but also increasing their risk exposure. Therefore, traders must ensure a robust risk management plan to mitigate potential risks associated with higher leverage.
In summary, the Instant Funding Aggressive program is an excellent funding program option for traders looking for higher funding levels and leverage ratios. Still, traders must know about the increased risk exposure and implement proper risk management strategies.
Classic Challenge Account
Finotive Funding's Classic Challenge Account is a great funding program option for traders who want to take on a challenge to prove their trading skills and earn Funding. The Challenge is broken down into three phases, each with clear performance targets that must be met to progress to the next phase.
The foundational risk parameters must not be violated, and risk management is emphasized throughout the Challenge. During Phase 1, traders must achieve a profit target of 7.5% with unlimited duration, and they must stay within the equity and daily drawdown limits of 10% and 5%, respectively.
Phase 2 requires traders to achieve a profit target of 5.0%, unlimited duration, and stay within the same drawdown limits. Once a trader completes the Challenge, they will be funded and enjoy profit splits of up to 95/5%.
The funded account has no expiration date, and traders must adhere to the same risk management parameters. The Classic Challenge Account is an excellent funding program option for traders who want to challenge themselves to achieve specific trading targets and earn Funding while emphasizing responsible trading practices.
| Phase 1 | Phase 2 | Funded | |
|---|---|---|---|
| Profit Target | 7.5% | 5.0% | Profit Split up to 95/5% |
| Duration | Up to 30 Days | Up to 60 Days | No Limit |
| Equity Drawdown | <10% | <10% | <10% |
| Equity Drawdown in one trading day | <5% | <5% | <5% |
| Minimum Trading Days | 5 | 5 | 2 |
| Trade Close on Last Trading Day of the Period | Yes | Yes | Yes |
| Responsible Trading Policy Applies | Yes | Yes | Yes |
Finotive Funding Pricing
Finotive Funding offers various account sizes and types, accommodating traders with different styles, experience levels, and risk tolerances. For example, with a one-time refundable fee, the Classic Challenge Account provides trading capital ranging from $2,500 to $200,000, with maximum leverage ranging from 100:1 to 400:1 and pricing ranging from $50 to $950.
The One Step Challenge Account has a non-recurring upfront fee and offers trading capital ranging from $2,500 to $200,000, maximum leverage ranging from 100:1 to 400:1, and pricing ranging from $60 to $1,140.
The Instant Funding (Standard) option has a non-recurring upfront fee and offers trading capital ranging from $2,500 to $100,000, with a maximum leverage of 100:1 and pricing ranging from $95 to $2,100.
The Instant Funding (Aggressive) option also has a non-recurring upfront fee and offers trading capital ranging from $2,500 to $100,000, with maximum leverage of 100:1 and pricing ranging from $165 to $5,280.
Finotive Funding - Instant Funding Standard Pricing
| Trading Capital | $2,500 | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 |
|---|---|---|---|---|---|---|
| Maximum Leverage | 100:1 | 100:1 | 100:1 | 100:1 | 100:1 | 100:1 |
| Price | $95 | $190 | $335 | $525 | $1,055 | $2,100 |
Finotive Funding - Instant Funding Aggressive Pricing
| Trading Capital | $2,500 | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 |
|---|---|---|---|---|---|---|
| Maximum Leverage | 100:1 | 100:1 | 100:1 | 100:1 | 100:1 | 100:1 |
| Price | $165 | $330 | $660 | $1,340 | $2,400 | $5,280 |
Finotive Funding - Classic Challenge Account Pricing
| Trading Capital | $2,500 | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 | $200,000 |
|---|---|---|---|---|---|---|---|
| Maximum Leverage | 100:1 | 100:1 | 200:1 | 200:1 | 400:1 | 400:1 | 400:1 |
| Price | $50 | $75 | $100 | $150 | $300 | $500 | $950 |
Finotive Funding Scaling Plan
The Finotive Funding Scaling Plan allows traders to increase their account capital by exchanging a specified profit. To qualify for scaling, traders must have been funded for at least five calendar days, not have scaled their account in the last seven calendar days, and not have broken any rules set out in Clause 8.1.2.3. If a trader chooses to scale, they must understand that they fully forfeit the profits exchanged and cannot withdraw them.
The scaling plan is structured in phases, with each phase giving the trader additional trading capital and, in some states, an increased profit split. The profit required to progress to the next scaling phase is reset between scales and is not a total increase from the original account balance.
Traders must request the withdrawal of excess profits made on top of the scaling target before requesting the scaling, or the excess profits will be lost. If traders use a coupon code that offers an additional 5% profit split, the profit splits available at each scaling phase will increase accordingly.
Finotive Funding Payments
When you make a withdrawal request from your funded account, it will be processed at 14:00 CET from Monday to Friday. Please note that any withdrawal request placed after 13:00 on Friday will be processed at 14:00 on Monday.
Once your withdrawal request has been processed, it may take 1-3 working days to receive your payment. Please note that the processing time for your payment may vary depending on your bank or payment provider.
We recommend that you remember this when planning your withdrawals to ensure you receive your funds promptly. If you have any questions or concerns about the withdrawal process, please do not hesitate to contact our support team for assistance.
What makes Finotive Funding different from any other Prop Firm?
Finotive Funding is different from other Prop Firms in a few key ways. Firstly, they offer a variety of account types and funding options to suit the needs of traders with different risk tolerances and experience levels.
One of the unique features of Finotive Funding is its Instant Funded Trader program. This program allows traders to get funded with real capital immediately without going through a lengthy evaluation process. This sets them apart from many Prop Firms, which often require traders to prove their skills through a lengthy and often challenging evaluation process before funding them.
In addition, Finotive Funding offers a clear and transparent path for traders to progress and scale their accounts as they become more successful. This includes a structured scaling plan with clear performance targets and profit splits and the ability for traders to exchange profits for additional account capital.
Overall, Finotive Funding stands out from other Prop Firms due to its range of account options, Instant Funded Trader program, and transparent and structured approach to Funding and scaling accounts.
Is it realistic to get Finotive Funding capital?
It is possible to receive funding capital from Finotive Funding if you meet their performance targets and trading rules. However, achieving these targets requires dedication, discipline, and skill, and not all traders will succeed. In addition, Finotive Funding has specific rules and targets that must be met, and compliance with these rules may result in the loss of Funding or disqualification from the program. Therefore, it is important to thoroughly understand the program's requirements and assess your trading abilities before attempting to secure funding capital.
What brokers do Finotive Funding use?
Finotive Funding offers its in-house brokerage known as Finotive Markets. This means that traders funded by Finotive Funding will have access to the broker's Liquidity Providers, who offer favorable market conditions with low commissions and razor-thin spreads. In addition, by using its brokerage, Finotive Funding can provide its traders with a streamlined and optimized trading experience. This sets the company apart from other prop firms that rely on external brokerages to execute trades on behalf of their traders. With Finotive Markets, traders can be assured that they are getting the best possible trading conditions and support from the company that funded their trading account.
Finotive Funding Reviews and Social Media
Finotive Funding Trustpilot Reviews
Finotive Funding Trustpilot profile is currently marked as at Excellent status. While the prop firm is relatively new in the trader funding industry, it has a good amount of reviews. On Trustpilot alone, the firm has gathered 83 reviews at the time of this writing. Their average review score is 4.3/5.0 which is pretty good. Finotive Funding is also Trustpilot verified and is noted to have replied to 2 out of 6 negative reviews in less than 1 week. The Bad reviews consisted of 4% of all of the reviews, which is 3 people. 87% of reviews were Excellent.
Finotive Funding on Telegram
It comes as no surprise that Finotive Funding has a decent presence on Telegram app as well. This prop firm showcases 375 subscribers on their Telegram account at the time of this writing.
Finotive Funding has posted 8 times on this platform and has added 4 links. In some of their posts they invite traders to login to live trading accounts and witness their Spreads and Trading Conditions live. Finotive Funding Telegram account was created on April 21st, 2022.
Finotive Funding on Discord
Finotive Funding Discord server might not be easy to find on Google. But once you get to the server's "invite" screen, you will find over 400 members that have already joined (at the time of this writing), out of which 46 were online.
Since the prop firm is fairly new to the game, this number will continue to climb and might be outdated by the time you read this.
Finotive Funding on LinkedIn
Finotive Funding has 8 followers on their LinkedIn account, is listed as a Financial Services company out of Budapest. There are also 4 people on LinkedIn that are claiming to be working for Finotive Funding. Company's profile lists the founding year as 2021, company size as 11-50 employees, and headquarters at: Duna Tower - 15 Floor, Népfürdő utca 22, Budapest, 1138, HU.
Finotive Funding on Instagram
Finotive Funding has a decent following on Instagram with 5,829 followers at the time of this writing. They only have 62 posts but it seems like that didn't have much of the effect on them gathering a decent sized following.
The first post appeared on May 26th, 2021, so the account seems to be fairly new. Engagement on the posts seems to be within limits for how many followers they have, however there are only 7 posts tagged to this account.
Finotive Funding on Twitter
To our surprise, Finotive Funding Twitter account is not active at all. The prop firm has 0 posts on the account and isn't following anyone. However, there are 15 followers that are following this account waiting for the 1st Tweet to bless them.
The account seems to have been created in February of 2021. And that's about it. There is literally nothing else to say about Finotive Funding Twitter account.
Finotive Funding on Facebook
Established on May 26, 2021, Finotive Funding Facebook account has gathered a decent sized audience. Current following for the prop firm is 768 Facebook followers, and the total like count is 731.
Quite a few posts by Finotive Funding Facebook account resemble their Instagram account. The engagement on Facebook is fairly in line with what their audience is on this platform. The prop firm is posting Discount Codes, announcements, highlights of the products, challenges updates, updates to the program and other stuff that they feel like their community should know.
Bottom Line - Is Finotive Funding legit or just another scam?
Finotive Funding is a proprietary trading firm that offers funding programs for traders who meet their criteria. The company provides different account types and sizes to cater to traders with varying experience levels and risk tolerances. The Instant Funded Trader program allows traders to skip the challenge phase and receive Funding immediately. In contrast, the Classic and One Step Challenge Accounts require traders to pass performance targets before receiving Funding. Finotive Funding also offers a scaling plan that allows traders to increase their account capital by exchanging profits for additional Funding. The company's payout process is transparent, and they use their in-house brokerage, Finotive Markets, to offer the best market conditions with low commissions and narrow spreads. In conclusion, based on the information provided, Finotive Funding is a legitimate proprietary trading firm and not a scam.
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