Finotive Funding Review

Finotive Funding aims to provide retail traders a pathway to expedite the assessment phase and multiply their capital, resulting in substantially greater monthly yields.

Traders partnering with Finotive Funding are motivated to excel. They demand from their clients a commitment to discipline and risk management, allowing them to gain substantial profits by handling account sizes reaching $200,000, scalable up to $11,410,000 altogether, with profit splits ranging from 75% to 95%. This can be attained by trading in Forex pairs, commodities, indices, and cryptocurrencies.

Who are Finotive Funding?

Established by Oliver Newland on April 23, 2021, Finotive Funding is a proprietary firm. They've been formulating this project for quite some time, with headquarters in Budapest, Hungary. They present traders the opportunity to collaborate with a total balance of $11,410,000, offering 75% to 95% profit splits. Furthermore, they are working on their own brokerage, Finotive Markets, aiming for full regulation by the latter part of 2023.

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Their primary office address is Honvéd utca 8. 1st floor, 1054 Budapest, Hungary.

Who is the CEO of Finotive Funding?

Oliver Newland holds the position of CEO at Finotive Funding. More insights regarding their CEO will be released soon. Stay connected!

Funding program options

The funding solutions provided by Finotive Funding comprise three distinctive programs:

1. Two-step evaluation program accounts
2. Instant funding program accounts
3. Standard instant funding program accounts
4. Aggressive instant funding program accounts
5. One-step evaluation program accounts
6. Two-step evaluation program accounts

The two-step evaluation program of Finotive Funding seeks committed and adept traders, recognizing them for their regularity during the dual-phase evaluation. Depending on the selected account size, the leverage ranges from 1:100 to 1:400.

In the first evaluation phase, a trader must hit a 7.5% profit goal without exceeding 5% daily loss or 10% total loss rules. Phase one has no constraints on minimum or maximum trading days. To advance to phase two, achieving the 7.5% profit goal without crossing the loss limits is mandatory.

In the second evaluation phase, the profit goal is 5%, abiding by the same loss rules. Just like phase one, there are no time limitations, and progression to funded status requires reaching the profit target without violating any loss rules.

Successful completion of both phases leads to a funded account with no profit targets but adherence to 5% daily and 10% total loss rules. First payouts are available two calendar days from your initial trade on your funded account, with subsequent weekly payouts. Your profit split ranges from 75% to 95%, depending on your funded account's profits.

Two-step evaluation program account scaling plan

This program also includes an account scaling plan, necessitating specific profit targets based on the funded account scaling phase.

Details regarding the scaling phases of the funded challenge account can be found in the table below:

Two-step evaluation funding program accounts feature a scaling plan, detailed in the spreadsheet above. To qualify for account scaling, traders must achieve the profit target specific to their two-step evaluation funding account phase. Once the profit target is reached, the account is eligible for scaling. It should be emphasized that upon scaling your account, withdrawing profits will not be an option.

Example:

For a $100,000 account, the profit target is set at 8%.

• Week 1: A profit of 4% is earned.
• Week 2: A profit of 7% is earned.

Your cumulative profits amount to 11%, making you eligible for a scaling opportunity since the 8% profit target has been met. Since you've exceeded the target by 3%, you may initially withdraw this 3% profit, and then request to scale your account with the requisite 8% profit.

The trading instruments allowed for two-step evaluation program accounts include forex pairs, commodities, indices, and cryptocurrencies.

Two-step evaluation program account rules

• Profit Target: This is a designated percentage of profit that a trader must achieve to complete an evaluation phase, take out profits, or upgrade their account. Phase 1 requires a 7.5% profit target, while phase 2 necessitates 5%. Funded accounts have no specific profit targets.
• Maximum Daily Loss: This is the highest loss a trader can incur in a single day without breaching account rules. All account sizes impose a 5% maximum daily loss.
• Maximum Loss: This represents the overall loss limit a trader can reach before the account is deemed violated. The maximum loss for all account sizes is 10%.
• No "Gambling Mentality": Traders must not engage in reckless or "all-in" trading strategies. Infractions of this rule may hinder progression from evaluation to funded status, or deny profit withdrawals or account scaling. Instances of such behavior include:
• Risking 100% or more of maximum loss limits in open positions (e.g., exposing 5% if the daily loss limit is 5%).
• Risking 50% or more of maximum loss limits on one or several trades on the same asset (e.g., a 2.5% risk on a single position if the daily loss limit is 5%).
• Repeated trading without establishing stop-loss orders (Note: occasional trading without stop-loss is permissible, but habitual lack of stop-loss use and considerable unprotected trade volume is alarming. As unforeseen technical issues may occur, it is in both parties' interest for the trader to always employ stop-losses).
• Third-Party Copy Trading Risk: If you plan to utilize copy trading services, recognize that other traders might be using identical strategies through the same service. This can lead to being declined a funded account or withdrawal if the maximum capital allocation rule is surpassed.
• Third-Party EA Risk: Should you intend to use an Expert Advisor (EA), be aware that other traders might be deploying the same EA, thus following the exact trading strategy. Employing a third-party EA could consequently risk rejection for a funded account or withdrawal if the maximum capital allocation rule is violated.

Instant funding program accounts

1. Standard Instant Funding Program Accounts

Finotive Funding's standard instant funding program account permits traders to bypass the evaluation process, allowing them to begin earning immediately. Traders need only adhere to the 5% maximum daily and 8% maximum loss restrictions. Profits are shared between 55% to 75%, depending on earnings, with 1:100 leverage used.

Standard Instant Funding Program Account Scaling Plan

Standard instant funding program accounts encompass a scaling plan, outlined in the table above. To qualify for scaling, traders must meet the profit target specified for their unique instant funding account phase. Upon achieving this goal, the account can be scaled, but profit withdrawals will not be permitted post-scaling.

Example:

For a $100,000 account, an 8% profit target applies.

• Week 1: Profits of 4% are obtained.
• Week 2: Profits of 7% are achieved.

Accumulated profits totaling 11% qualify you for a scaling opportunity, having met the 8% target. You may initially withdraw the excess 3% profit, and then request to scale your account with the remaining 8% profit.

Standard instant funding program accounts support trading in forex pairs, commodities, indices, and cryptocurrencies.

Standard Instant Funding Program Account Rules

• Maximum Daily Loss: The top limit of loss a trader can incur daily before the account is breached. All accounts have a daily loss ceiling of 5%.
• Maximum Loss: The absolute loss limit before an account violation occurs. All accounts have an 8% loss cap.
• Maximum Trading Days: The longest period allowed to achieve specific profit or withdrawal targets. Standard instant funding accounts must adhere to a 90-day period.
• No "Gambling Mentality": Traders must not adopt a high-risk "all-or-nothing" strategy. Infringing this rule may impede progress to funded status, deny profit withdrawal, or prevent account scaling. Indicators of reckless behavior include:
• Risking over 100% of maximum loss limits in open trades (e.g., 5% risk if the daily loss limit is 5%).
• Risking over 50% of maximum loss limits on a singular or collective trade on the same instrument (e.g., 2.5% risk on one position if the daily loss limit is 5%).
• Persistently trading without employing stop-losses (Note: while infrequent trading without stop-loss is permissible, continual lack of stop-loss use, and substantial unprotected trade volume is a significant worry, particularly due to unpredictability in technical issues).
• Third-Party Copy Trading Risk: If using copy trading services, be aware that other traders might be employing the same strategy. This could lead to denial of a funded account or withdrawal if the capital allocation rule is exceeded.
• Third-Party EA Risk: If intending to use an Expert Advisor (EA), remember that other traders might be using the same EA, and thus following the same trading approach. Utilizing a third-party EA could jeopardize a funded account or withdrawal if the capital allocation rule is violated.

2. Aggressive instant funding program accounts

Finotive Funding offers an aggressive instant funding program account, providing traders with an opportunity to bypass the evaluation process and start profiting immediately. The main focus should be on adhering to the 10% maximum daily loss and 16% maximum overall loss guidelines. Traders can earn a profit split ranging from 60% to 75% based on their profits while utilizing 1:100 leverage.

Aggressive Instant Funding Program Account Scaling Plan

The scaling plan for aggressive instant funding program accounts is detailed above. Eligibility to scale an account depends solely on achieving the profit target specified for the current phase of the account. Upon reaching the profit target, you are entitled to scale your account, but withdrawal of the scaled profits will be restricted.

Example

The expected profit target your account with $100,000 is 16%.

Week 1: You would gain 8%.

Week 2: You would gain 14%.

Your total profit would be 22%, making you eligible for scaling up, as you have reached your 8% profit target. Plus, since you made a 6% more profit than needed, you can withdraw the 6% profit upfront, and then go on to request scaling your account that holds the remainder of 16% profit which is needed.

Trading instruments for this type of program accounts are forex pairs, commodities, indices, and cryptocurrencies.

Aggressive Instant Funding Program Account Rules

• Daily Loss Cap: This signifies the utmost loss a trader is permitted to incur in one day before breaching the account's rules. The daily loss limit for all account sizes in this program is 10%.
• Overall Loss Limitation: This pertains to the highest loss a trader can sustain overall before the account becomes noncompliant. All account sizes within this program are subject to a maximum loss constraint of 16%.
• Trading Days Ceiling: This defines the maximum span within which a trader must achieve a particular profit or withdrawal target. Accounts in the aggressive instant funding program have a 90-day limit for this purpose.
• Prohibition of "Gambling Approach": This means that traders must avoid an "all-in" or risk-all strategy. Breach of this stipulation can hinder progress from the evaluation to funded phase, or lead to denial of profit withdrawal or account scaling. Indicators of such gambling or irresponsible trading behavior include:
• Engaging 100% or beyond of your loss limits in active trades (for example, having open trades at 5% risk when the daily loss limit is set at 5%)
• Exposing 50% or above of your loss limits in one trade or across multiple concurrent trades on identical trading assets (for example, risking 2.5% on a single position when the daily loss limit is 5%)
• Persistent trading without predetermined stop-losses (to clarify: occasional trading without stop-losses might be acceptable, yet habitual lack of stop-loss application, coupled with elevated unprotected trading volume, is of serious concern. The rationale is that the unpredictability of network or hardware malfunctions necessitates the use of stop-losses to safeguard both parties)
• Risks with Third-Party Copy Trading: Should you plan to utilize copy trading services, be aware that others might already be utilizing the exact service and strategy. Engaging a third-party copy trading service may result in denial of a funded account or withdrawal if you surpass the rule of maximum capital allocation.
• Potential Risks with Third-Party Expert Advisors (EAs): If planning to employ an Expert Advisor (EA), take note that other traders may already be using the same EA with an identical strategy. Utilizing a third-party EA might lead to refusal of a funded account or withdrawal if the maximum capital allocation rule is breached.

One-Step Evaluation Program Accounts

Finotive Funding's one-step evaluation program account is designed to recognize competent and consistent traders by offering them leverage ranging from 1:100 to 1:400 based on the account size.

The initial evaluation stage calls for traders to attain a 10% profit goal, all the while staying within the bounds of a 4% daily loss cap and a 7.5% overall loss limitation. There's no stipulated minimum or maximum trading days in the evaluation account. The sole prerequisite for progressing to a funded account is meeting the profit objective.

Upon successful completion of the evaluation, you're granted a funded account with no profit milestones to hit. Your responsibility is solely adhering to the 4% cap on daily losses and the 7.5% cap on total losses. Your first earning distribution occurs two days following your inaugural position placement in the funded account. Note that subsequent payouts occur on a weekly cycle after the initial payout. The split of profits ranges from 75% to 95%, contingent upon your earnings in the funded account.

One-Step Evaluation Program Account Scaling Plan

Accounts within the one-step evaluation program incorporate a growth scheme, obliging you to attain specific profit milestones that vary in line with the funded account growth phase. Refer to the table of phases for funded challenge accounts:

The one-step evaluation funding program encompasses a growth plan as depicted in the table above. Eligibility for account scaling rests on hitting the profit goal specified for your particular one-step evaluation funding account stage. Upon meeting this goal, you qualify to scale your account, but remember that scaling will prevent you from withdrawing those profits.

Example:

For your $100,000 account, the profit goal is 8%.

• Week 1: You achieve 4%.
• Week 2: You achieve 7%.

Your cumulative profits hit 11%, making you eligible to scale up since you've met the 8% goal. However, you can initially withdraw the extra 3% profit, then apply to scale your account using the requisite 8% profit.

The one-step evaluation program accounts support trading in forex pairs, commodities, indices, and cryptocurrencies.

One-Step Evaluation Program Account Guidelines

Profit Target: This refers to the specific percentage gain a trader must achieve before advancing from the evaluation phase, withdrawing earnings, or growing their account. The profit target stands at 10%. For funded accounts, there are no profit targets.Maximum Daily Loss: This limitation pertains to the utmost loss a trader is allowed to incur in a single day before the account is breached. All accounts are subject to a 4% daily loss limit.Maximum Loss: This is the ultimate loss a trader can sustain before the account is breached, applicable to all account sizes, and is set at 7.5%.No "Gamble-First" Attitude: Traders are prohibited from adopting a "win-or-lose-everything" approach. Violations of this rule can hinder transition from evaluation to funded status, decline profit withdrawals, or refusal to upgrade your funded account. Situations constituting such violations include:

• Risking over your maximum loss limit in open trades (e.g., taking a total risk of 5% when the daily loss cap is 5%)
• Risking half or more of your loss limits in a single or multiple trades on identical instruments (e.g., risking 2.5% on one position with a daily loss cap of 5%)
• Trading consistently without defining stop-loss orders (meaning: while occasional trades without a stop-loss are permissible, a pattern of high-risk trade volume without protection raises alarm. The rationale is the unpredictability of network and hardware malfunctions, making stop-loss use mutually beneficial)

Third-Party Copy Trading Risk: If utilizing copy trading services, be aware that others might be using the same trading strategy via a third-party service. This may lead to denial of funded status or withdrawals if the capital allocation rule is surpassed.Third-Party EA Risk: If planning to use an Expert Advisor (EA), remember that others may be using the same strategy via a third-party EA. This could result in denial of funded status or withdrawals if the capital allocation rule is breached.

What Sets Finotive Funding Apart from Other Proprietary Trading Firms?

Finotive Funding distinguishes itself from predominant prop firms by offering three distinct funding options: Two-step evaluations, immediate funding, and one-step evaluations. They also impose few limitations on trading techniques, allowing trading during news breaks, overnight holding, and weekend trading.

Finotive Funding’s two-step evaluation mandates two stages for payout eligibility. The profit goals are 7.5% in the first phase and 5% in the second, with daily loss limits of 5% and an overall loss cap of 10%. Both stages have no minimum or maximum trading day constraints. Scaling plans are also included. Relative to industry peers, their profit targets are more lenient, and no time restrictions apply.

Comparison between Finotive Funding & My Forex Funds

Comparison between Finotive Funding & FTMO

Comparison between Finotive Funding & FundedNext (Stellar)

Compared to other firms, Finotive Funding also offers instant funding with standard and aggressive options, containing maximum daily (5% standard, 10% aggressive) and loss limits (8% standard, 16% aggressive). An attractive feature is the absence of profit targets for weekly profit splits of 55% to 75%. Scaling plans are also in place.

Lastly, Finotive Funding’s single-step evaluation program demands only one phase for payout eligibility. The profit target is 10%, with daily and total loss restrictions of 4% and 7.5%, respectively. There are no minimum or maximum trading day stipulations during the evaluation. Like other plans, scaling plans are in effect. Compared to industry leaders, they offer relatively high loss limits and no time constraints.

In summary, Finotive Funding's distinction lies in its three different funding pathways. Moreover, their liberal trading policies make them an appealing option for traders of all experience levels.

Is securing capital through Finotive Funding a feasible option?

Understanding the feasibility of trading prerequisites is vital when examining prop firms that align with your forex trading approach. For instance, an organization that promises a substantial percentage in profit sharing on an amply funded account might appear attractive, but if they demand elevated percentages of gains every month coupled with minimal percentages for maximum drawdowns, your likelihood of triumph may dwindle to almost nothing.

Gaining capital through two-step assessment programs is generally feasible, as they come with fairly modest profit objectives (7.5% in the initial phase and 5% in the subsequent phase) along with median rules for maximum loss (daily loss cap at 5% and total loss at 10%).

Obtaining capital from instant funding programs is realistic as well, since these are immediate funding schemes where earning commences right from the beginning. There are no prerequisites concerning profit targets to qualify for weekly withdrawal requests.

Acquiring capital from one-step assessment programs is mostly feasible, given that they have a moderate profit aim of 10% paired with slightly above the norm loss regulations (daily loss not exceeding 4% and overall loss not surpassing 7.5%).

Taking all these factors into account, Finotive Funding emerges as a prime choice for acquiring funding. With three diverse funding schemes to pick from, each offering achievable trading goals to adhere to and conditions for receiving disbursements, it stands out.

Evidence of Payment

Finotive Funding, established by Oliver Newland on April 23, 2021, enables you to be entitled to disbursements after clearing the bi-level assessment, single-level evaluation, or through immediate earnings if you opt for instant funding.

Their Instagram account under the section named "Payouts" or their Discord channel labeled "Payout proof" hosts evidence of monetary transactions.

Images below showcase a sample of our inaugural profit division from their instant funding scheme:

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What brokerage do Finotive Funding use?

Finotive Funding operates its brokerage, termed Finotive Markets, which is slated to attain full regulatory compliance sometime in the year 2023.

Regarding trading platforms, MetaTrader 5 is sanctioned for use.

Trading instruments

The following trading instruments that are allowed to be used by its clients to trade are: forex pairs, commodities, indices, and cryptocurrencies.

Trading fees

Trading commission:

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Spread:

To have a look at the live spreads, use these details to login to the trading account below:

Platform: MetaTrader 5

Server: FinotiveMarkets-LIVE

Login Number: 1043

Password: Finotive

‍Download Platform: Click here

Learning & Assistance for Traders

Finotive Funding doesn't offer any instructional material on their website.

Although Finotive Funding doesn't have its own thread on ForexFactory, it's been referenced multiple times in another thread titled "PROP FIRM HUB," created by a user known as Masterrmind.

To view the aforementioned thread, click here.

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Additionally, they feature a contemporary dashboard where traders can monitor their performance:

Comments from Traders about Finotive Funding

Finotive Funding has received high praise through customer reviews.

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On Trustpilot, there's a wide array of community members providing positive feedback, resulting in an impressive rating of 4.3/5 based on 195 reviews.

Much of Finotive Funding's community highlights their responsive and attentive customer support team, who exhibit patience and efficiency in addressing and resolving client concerns.

Another review emphasized their varied account sizes ranging from $2,500 to $200,000, making it suitable for traders with restricted capital as well.

Social Media Presence

Finotive Funding has a notable presence on social media platforms.

They maintain:

A Facebook page followed by 857 people

An Instagram account with 11.6k followers

Customer Support

Finotive Funding includes a FAQ section on its website where additional information may be found.

Their support team can be reached via social media channels or directly through email at info@finotivefunding.com.

Live chat support on their website is another option, where inquiries can be made to receive the needed information or assistance.

Registration Procedure

The process to register with Finotive Funding involves the following steps:

1. Create an account
2. Select your account type
3. Access the dashboard to view your login credentials and account statistics
4. Navigate to the payouts section to initiate a withdrawal, available on a weekly basis

Conclusion

To conclude, Finotive Funding stands as a legitimate prop trading firm, presenting traders the option to select from three distinct funding programs: Two-step evaluation, instant funding, and one-step evaluation.

The Two-step evaluation encompasses a standard two-stage assessment challenge, demanding the fulfillment of both stages prior to obtaining funding and qualifying for profit shares. Targets of 7.5% in phase one and 5% in phase two must be met. With 5% maximum daily and 10% maximum loss guidelines, these objectives are attainable. Up to 95% profit shares can be earned, along with account scaling.

Instant funding actually permits traders to bypass evaluation, instantly commencing trading a funded account, with profit shares paid weekly. These programs have a 90-day trading period, enabling earnings of 55% to 75% in profit shares and account scaling.

Lastly, the one-step evaluation requires a single phase to be completed, mandating a 10% profit goal. The 4% daily and 7.5% total loss limits make this a practical target, with up to 95% profit shares and scaling opportunities.

Finotive Funding is great for anyone seeking a prop trading firm with clear rules. As a relatively fresh player in the market, they offer enticing terms with three diverse funding options catering to a broad spectrum of individual trading preferences. Considering all that Finotive Funding provides, they undoubtedly rank among the leading prop trading firms.

This evaluation of Finotive Funding was last updated on 11.07.2023 at 08:53 (CE(S)T).

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