Advertising Disclosure
Written by:
Eno Eteng
Updated:
Leverage: 1:100
Regulation: Hungary
Min. Deposit: $50
HQ: Hungary
Platforms: MT5
Found in: 2021
Finotive Funding Licenses:
Finotive Funding is a proprietary trading firm that stands out for offering a unique opportunity for traders to access and manage substantial trading capital. Traders have the opportunity to generate significant earnings by managing funded accounts that can go as high as $200,000, coupled with the advantage of retaining up to 95% of the profits they make. This opportunity is extended across a variety of financial markets, encompassing trading in forex, commodities, stock indices, and even digital currencies like cryptocurrencies.
Finotive Funding, a proprietary trading firm, offers traders the chance to trade with the firm’s funds after passing a test or challenge. This opportunity requires minimal personal investment and allows traders to operate as professionals. However, potential risks associated with trading should be carefully considered. For more detailed info about Prop Trading follow this link
| Finotive Funding Advantages | Finotive Funding Disadvantages |
|---|---|
| Lower Profit Target | No Strict Overseeing |
| Good Pricing | It is hard to become Funded Trader |
| Great variety of Balances with Low Registration Fees | Limited Instrument Range |
| High Paying Profit Share | No MetaTrader 4 Platform |
| MT5 with EAs | |
| Refundable Fee once you become Funded Trader | |
| Good range of Challenge Programs | |
| Free Trial |
Finotive Funding, headquartered in Hungary, operates as an affiliate of Finotive Markets, a broker specializing in Forex. This proprietary trading firm is structured to comply with Hungarian legal requirements, ensuring adherence to established industry norms and standards. This adherence underscores their commitment to maintaining a high level of operational integrity within the framework of Hungary’s regulatory environment.
Our review of Finotive Funding’s official website found no clear evidence of it being a scam. However, given the generally lower regulation of Prop Trading Firms compared to other financial institutions, it’s more challenging to conclusively determine their legitimacy.
Our professional recommendation is to thoroughly educate yourself about Prop Trading and its associated risks. Opting for a company with a solid reputation and a longer operational history can contribute to a more stable trading experience. While Prop Trading involves lower financial risk compared to direct trading with your funds — as you primarily pay subscription fees rather than make large investments — it’s still crucial to approach this with an informed perspective on the potential financial implications. Read about Trading with personal capital
The key aspect of our Finotive Funding review focuses on the evaluation process for gaining a Funded Trading Account. This involves specific tests to assess trading skills and risk management, along with an understanding of the registration fees required for participation. For detailed information on these processes and costs, it’s advisable to consult Finotive Funding’s official website.
Before logging in to Finotive Funding, you need to select the program type and account balance you aim to qualify for. The challenge conditions and the registration fee vary based on the selected account size. For detailed fee comparisons based on account sizes, you can check the relevant section on Finotive Funding’s website or in comprehensive reviews of their services.
| Fees | Finotive Funding | FTMO | The Funded Trader |
|---|---|---|---|
| Minimum Account Size | $2,500 | $10,000 | $50,000 |
| Fee | $50 | €155 | $289 |
| Maximum Account Size | $200,000 | $200,000 | $400,000 |
| Fee | $950 | €1 080 | $1,869 |
| Reset or Test Retake | Yes | Yes | Yes |
| Is Fee Refundable? | No | Yes | Yes |
The challenge encompasses several rules that traders must adhere to to demonstrate their successful strategy and performance. One of the critical parameters is the Profit Target, and the specific targets offered by Finotive Funding depend on the program and phase a trader is engaged in. In the Standard Challenge, traders aim for a 7.5% profit target in Phase 1 and 5% in Phase 2, while the One Step Program sets a 10% profit target.
In prop trading, traders must adhere to predefined loss thresholds, including Maximum Loss and Maximum Daily Loss levels. Finotive Funding sets Maximum Loss at 8% for Standard Instant Funding and 16% for Aggressive Instant Funding. In the Standard Challenge, both phases have a 10% maximum loss limit, while the One Step Challenge has a 7.5% maximum loss. Daily loss limits are 5% for Standard Instant Funding, 10% for Aggressive Instant Funding, 5% for Standard Challenge, and 4% for One Step Challenge
Finotive Funding imposes no trading period limitations, meaning there is no minimum trading duration requirement for any of its funding programs.
See the detailed table with Finotive Funding Challenge conditions based on Account Size:
Our research shows that Finotive Funding provides a 7-day Free Trial account, allowing traders to assess their trading conditions and become familiar with dashboard features before committing to any purchase. This free trial grants access to the 100,000 1-step challenge, offering the same trading conditions as a real account experience.
Upon successfully passing the test or challenge, traders will have their Funded Account established, a process that generally takes a few business days to activate. It’s essential to emphasize that the account conditions and balance will precisely match the qualifications achieved during the test. If a trader wishes to upgrade their account to a higher grade, they will be required to start the test anew for the desired Account Balance level they intend to trade with.
Finotive Funding offers a flexible profit split structure that varies across its programs. Traders can earn profit splits ranging from 60% to 95%, depending on the program and their trading performance. The profit split can increase as traders meet specific profit targets and demonstrate their trading skills. It’s important to review the details of each program to understand the specific profit split percentages applicable to your chosen account type and trading strategy.
For payouts from Finotive Funding, the process appears to be well-structured. According to their website, once a trader successfully completes the challenge stages and gets funded, they can start withdrawing their profits. For Finotive Pro account holders, there are specific conditions like a quarterly profit target and consistency rule, which, if met, enable the trader to withdraw their earnings and also receive a salary.
Finotive Funding offers several withdrawal methods for traders. These include the use of credit/debit cards via TrustPayments and cryptocurrencies via xMoney. Additionally, Finotive Funding has partnered with Deel, providing an alternative withdrawal method for traders.
For Account Conditions themselves, we check carefully whether Broker has various account preferences, also what Platforms, Instruments and Trading Costs are applicable. It is also important to check Leverage levels and Trading conditions offered, since some Brokers may restrict some startegies and do now allow specific practices in Funded accounts, which may result in loss of Account therefore to regain it you will need to pass the test again. See detailed breakdown below:
Finotive Funding provides traders with a comprehensive selection of trading instruments, encompassing a wide spectrum that includes forex currency pairs, commodities, indices, and cryptocurrencies. This diverse range of instruments offers traders the opportunity to engage in various financial markets and diversify their trading portfolios to suit their investment preferences and strategies.
Finotive Funding does have commission fees associated with its trading accounts. The exact commission rates can vary depending on the specific account type and trading conditions. For instance, with their Finotive Pro accounts, traders benefit from reduced commission rates. These lower commissions are part of the advantages offered to enhance trading effectiveness and cost-efficiency.
Finotive Funding provides leverage for trading accounts in both the Challenge and for Funded traders, offering a maximum leverage of up to 1:400 for all trading instruments.
Finotive Funding is an affiliate of Finotive Markets LLC, a brokerage that offers fast execution, tight spreads, and 24/7 crypto trading. They use the popular trading platform, MetaTrader 5, to provide their trading services.
Finotive Funding has carefully designed its trading conditions to create a fair and organized trading environment. These conditions offer traders the chance for both profit and progress in their trading endeavors.
Taking into account all the information we have gathered about Finotive Funding, we can conclude that the company presents an attractive opportunity for Funded Traders. They offer competitive costs, provide a free trial with no time limitations, and offer various programs with lower costs to choose from. This wide range of options opens up opportunities for traders with lower costs and enhances the appeal of Finotive Funding as a trading platform.
It’s advisable to thoroughly evaluate and compare proposals with other Prop Trading Firms. Some renowned firms may offer similar conditions or better suit specific traders based on their instrument preferences and alternative trading platforms, apart from MetaTrader. Nonetheless, it’s essential to acknowledge the distinct advantages offered by Finotive Funding. Below, you’ll find our curated selection of alternatives, accompanied by a table comparing them to Finotive Funding.
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