Finotive Funding Review 2024

FINOTIVE FUNDING

Finotive Funding is a unique forex prom firm that gives higher leverage in their challenge accounts than other funding programs. It also makes instant funding programs affordable to traders everywhere!

Finotive Funding, headquartered in Budapest, Hungary, is a proprietary firm founded by Oliver Newland 23 April 2021. However, they have been working on the project far longer. They offer capital to traders and are partnered with Ascot Prime as their broker.

Traders at Finotive Funding are encouraged to succeed in their careers. Their main expectation of traders is that they are disciplined individuals who properly manage risk. The company believes that traders can achieve this by trading Forex pairs, commodities, indices, and cryptocurrencies with good risk management.

Oliver Newland, who is the founder of Finotive Group Kft, understands that capital can be the biggest obstacle when trying to become a full-time trader. His goal is to offer a way for retail traders to fast track the process of growing their capital, allowing them to generate their desired monthly returns.

Finotive Funding provides unique opportunities with the lowest-cost, instant funding programs.  Use discount code “TradeReviews” to get 5% off your challenges with them and 5% additional on your profit splits.  In general, if you are a profitable manual trader, Finotive Funding may be one of the best options out there for you.  However, if you are not profitable and you generally use EAs to trade, you should read their terms of service in detail before signing up.

Finotive Funding offers its traders two different funding programs to choose from:

  • Evaluation program accounts
  • Instant funding program accounts
  1. Standard instant funding program accounts
  2. Aggressive instant funding program accounts

Finotive Funding offers classic accounts seen across many firms but these have higher leverage than most. Their challenge programs start with 75% split and work their way up to 95% via continuous scaling of their accounts. One of the biggest drawbacks about their accounts is the Expert Advisors (EA). While they are allowable, if the source is not submitted and approved by the firm, traders will be limited to only a 25% profit split. Furthermore, upon getting a payout when using an EA, Finotive Funding requires a 75% similarity between a back test and actual trading results.

Finotive Funding’s evaluation program account aims to identify serious, talented traders who will be rewarded for their consistency in a two-phase evaluation period. The evaluation program account offers 1:100 leverage and up to 1:400 leverage, depending on the account size selected.

Phase One of the Evaluation requires a trader to reach a profit target of 7.5% while not surpassing the 5% maximum daily loss or 10% maximum loss rules. Traders are required to hit the profit target in 30 calendar days from the day they place their first position on the evaluation account. They are also required to trade a minimum of five trading days to proceed to Phase Two.

Phase Two of the Evaluation requires traders to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. They are required to hit their profit target in 60 calendar days from the day they place their first position on the evaluation account. Traders are also required to trade a minimum of five trading days to proceed to a funded account.

By completing both evaluation phases, traders are awarded a funded account where with no profit targets. Traders must follow the 5% maximum daily loss and 10% maximum loss rules. The first payout is 7 calendar days from the day traders place their first position on the funded account. Note that whenever traders receive your first payout, all following payouts will be weekly. The profit split will be 75%, and all the way up to 95%, based on the profit generated in the funded account.

Evaluation program accounts also have a scaling plan. Traders are required to reach a specific profit target that depends on the funded account’s scaling phase. The spreadsheet of funded challenge account scaling phases is here:

Trading instruments for the evaluation program accounts are: Forex pairs, Commodities, Indices, and Cryptocurrencies.

  • Profit target: specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase One’s profit target is 7.5% while Phase Two has a profit target of 5%. Funded accounts have no profit targets.
  • Maximum daily loss: maximum loss a trader can reach daily before the account is violated. All account sizes have a maximum daily loss of 5%.
  • Maximum loss: maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 10%.
  • Minimum trading days: minimum period which traders are required to trade for before they can complete an evaluation phase or request a withdrawal. Both phases have a minimum trading day requirement of five days. However, with a funded account traders have no minimum trading days to become eligible for a payout.
  • Maximum trading days: maximum period in which traders are required to hit a specific profit target or withdrawal target. Phase One has a maximum period of 30 trading days while Phase Two has a maximum period of 60 trading days.
  • Maximum positions per instrument: a rule that limits the number of positions traders can have open for a single trading instrument. Evaluation program accounts allow a maximum of three open positions per instrument.
  • No “gambling mentality”: traders are not allowed to trade based on an “all-or-nothing” mentality. Violating this rule can preclude progressing to funded status, prevent withdrawal of profits, or bar scaling of a funded account. The following indicate signs of gambling or reckless trading:
  • Risking 100% or more of one’s maximum loss limits in open trades (example: open trades totalling 5% risk if the trader’s maximum daily loss is 5%)
  • Risking 50% or more of one’s maximum loss limits in a single trade or across multiple trades on the same trading instrument (example: risking 2.5% on a single position if the trader’s maximum daily loss is 5%)
  • Constantly trading with no set stop-losses (meaning: while the odd trade with no stop-loss is okay, repeated lack of stop-loss use and high unprotected trade volume is a massive concern). The underlying reason is that since no one can predict the timing of network and hardware issues, it is much more beneficial for both parties if the trader consistently uses a stop-loss.
  • Third-party copy trading risk: if a trader intends to use copy trading services, they should keep in mind that by using a third-party service, other traders may be using the same one and therefore deploy the same trading strategy. By using a third-party copy trading service, traders potentially run the risk of being denied a funded account or withdrawal if they exceed the maximum capital allocation rule.
  • Third-party EA risk: if a trader intends to use an EA, they should keep in mind that by doing so, other traders may by using the same service and therefore deploying the same trading strategy. By using a third-party EA, traders potentially run the risk of being denied a funded account/withdrawal if they exceed the maximum capital allocation rule.

Standard instant funding program accounts

Finotive Funding standard instant funding program account allows traders to skip the evaluation entirely and start earning from the onset. Traders should only focus on not exceeding the 5% maximum daily loss and 8% maximum loss rules. Traders are awarded 55%, and all the way up to 75%, profit splits based on the profits generated while trading 1:100 leverage.

Standard instant funding program accounts also have a scaling plan, which can be seen in the spreadsheet above. To become eligible for account scaling, the only requirement is to reach a profit target required for one’s specific instant funding account phase. Traders are eligible to scale their account once they reach their profit target. However, please note that if scaling an account result in not being able to withdraw profits.

Example:

The profit target for your $100,000 account is 8%.

Week 1: You gain 4%.

Week 2: You gain 7%.

Total profits in this example have reached 11%, which makes the eligible for a scale-up since they have reached the 8% profit target. However, since they generate an excess of 3% in profit, they are limited to withdrawing that 3% first, after requesting to scale the account with the remaining 8% profit required.

Trading instruments for the evaluation program accounts are forex pairs, commodities, indices, and cryptocurrencies.

Standard instant funding program account rules

  • Maximum daily loss: maximum loss a trader can reach daily before the account is violated. All account sizes have a maximum daily loss of 5%.
  • Maximum loss: maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 8%.
  • Maximum trading days: maximum period in which trader is required to hit a specific profit target or withdrawal target. Standard instant funding program accounts have a maximum 90 trading day period.
  • Maximum positions per instrumentis a rule that limits the number of positions you can have opened for a single trading instrument. Standard instant funding program accounts can have a maximum of 3 positions per instrument open.
  • No “gambling mentality”means that traders are not allowed to trade based on an “all-or-nothing” mentality. Violating this rule can preclude progressing to funded status, prevent withdrawal of profits, or bar scaling of a funded account. The following indicate signs of gambling or reckless trading:
  • Risking 100% or more of one’s maximum loss limits in open trades (example: open trades totalling 5% risk if the trader’s maximum daily loss is 5%)
  • Risking 50% or more of one’s maximum loss limits in a single trade or across multiple trades on the same trading instrument (example: risking 2.5% on a single position if the trader’s maximum daily loss is 5%)
  • Constantly trading with no set stop-losses (meaning: while the odd trade with no stop-loss is okay, repeated lack of stop-loss use and high unprotected trade volume is a massive concern). The underlying reason is that since no one can predict the timing of network and hardware issues, it is much more beneficial for both parties if the trader consistently uses a stop-loss.
  • Third-party copy trading risk: if a trader intends to use copy trading services, they should keep in mind that by using a third-party service, other traders may be using the same one and therefore deploy the same trading strategy. By using a third-party copy trading service, traders potentially run the risk of being denied a funded account or withdrawal if they exceed the maximum capital allocation rule.
  • No EAs allowed: traders are not allowed to use any type of EA services.

Finotive Funding’s aggressive instant funding program account allows traders to skip the evaluation altogether and start earning from the onset. Traders should only focus on not surpassing the 10% maximum daily and 16% maximum loss rules. Traders are awarded 60%, and all the way up to 75%, profit splits based on the profit generated while trading with 1:100 leverage.

Aggressive instant funding program accounts also have a scaling plan illustrated in the spreadsheet above. To become eligible to scale one’s account, the only requirement is to reach a profit target required for the specific instant funding account phase. The trader is eligible to scale the account once they reach their profit target. However, note that if one scales the account, they will not be able to withdraw profits.

Example:

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

Week 1: You gain 8%.

Week 2: You gain 14%.

Total, aggregate profits have reached 22%, which makes the trader eligible for a scale-up since they reached the 8% profit target. However, since they generated an additional 6% profit, they can first withdraw the 6% profit, and following that can request to scaling the account with the remaining 16% profit required.

Trading instruments for the evaluation program accounts are forex pairs, commodities, indices, and cryptocurrencies.

Aggressive instant funding program account rules

  • Maximum daily loss: maximum loss a trader can reach daily before the account is violated. All account sizes have a maximum daily loss of 10%.
  • Maximum loss: maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 16%.
  • Maximum trading days: maximum period in which traders are required to hit a specific profit target or withdrawal target. Standard instant funding program accounts have a maximum 90 trading day period.
  • Maximum positions per instrument: a rule that limits the number of positions a trader can have open for a single trading instrument. Standard instant funding program accounts can have a maximum of 6 positions per instrument open.
  • No “gambling mentality”means that traders are not allowed to trade based on an ”all-or-nothing” mentality. Violating this rule can preclude progressing to funded status, prevent withdrawal of profits, or bar scaling of a funded account. The following indicate signs of gambling or reckless trading:
  • Risking 100% or more of one’s maximum loss limits in open trades (example: open trades totalling 5% risk if the trader’s maximum daily loss is 5%)
  • Risking 50% or more of one’s maximum loss limits in a single trade or across multiple trades on the same trading instrument (example: risking 2.5% on a single position if the trader’s maximum daily loss is 5%)
  • Constantly trading with no set stop-losses (meaning: while the odd trade with no stop-loss is okay, repeated lack of stop-loss use and high unprotected trade volume is a massive concern). The underlying reason is that since no one can predict the timing of network and hardware issues, it is much more beneficial for both parties if the trader consistently uses a stop-loss.

Third-party copy trading risk: if a trader intends to use copy trading services, they should keep in mind that by using a third-party service, other traders may be using the same one and therefore deploy the same trading strategy. By using a third-party copy trading service, traders potentially run the risk of being denied a funded account or withdrawal if they exceed the maximum capital allocation rule.

No EAs allowed: traders are not allowed to use any type of EA services.

It is essential to see how realistic the trading requirements are when looking at prop firms most suitable for a given forex trading style. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, the chances of success become close to zero.

Receiving capital from evaluation programs is realistic mostly because they have relatively low profit targets (7.5% in Phase One and 5% in phase two) with average maximum loss rules (5% maximum daily and 10% maximum loss).

Receiving capital from instant funding programs is also realistic since these are direct funding programs in which traders can start earning from the start. These have low profit targets (2.5% on standard and 5% on aggressive accounts) to reach while offering a withdrawal weekly.

Finotive Funding was founded by Oliver Newland on 23 April 2021. Traders are eligible for payouts after passing the two-stage evaluation, or by earning from the start under the instant funding account.

You can find proof of payments on their Instagram account under Payouts.

You can see an example of our first profit split from their instant funding program in the pictures below:

Finotive Funding currently uses Ascot Prime as its broker of choice, and it is linked to their own liquidity providers.  However, they plan to launch their own brokerage in the near future, which will offer traders better trading conditions.

As for trading platforms, MetaTrader 4 or MetaTrader 5 are allowable.

Finotive Funding allows clients to trade forex pairs, commodities, indices, and cryptocurrencies.

Would you like to save 5% and get 5% more to your profit split with them?

Make sure to use our Coupon Code “TradeReviews” at checkout!

  • Scaling Plan
  • Dashboard
  • 24/7 Live Chat support
  • A large variety of trading instruments (forex pairs, commodities, indices, cryptocurrencies)
  • Leverage ranging from 1:100 to 1:400
  • Multiple Program options
  • Generally, not EA Friendly
  • Requires Submitting EA Source Code for Review
  • “Responsible” trading rules

With everything considered, Finotive Funding is an excellent choice to get funded since they offer two different funding programs, both with realistic trading objectives and conditions to receive payouts.

Instant funding programs are actually direct funding programs that allow traders to skip the evaluation period and jump directly into trading a funded account, earning weekly profit splits. The program does require a maximum trading day period of 90 days with a maximum number of open positions per instrument. With instant funding programs, traders can earn 55%, and up to 75%, profit splits while also being able to scale your accounts.

We would recommend Finotive Funding to anyone seeking a prop firm with straightforward trading rules. They are a relatively new proprietary trading firm offering excellent conditions with two different funding programs that target a big pool of individuals with unique trading styles.

After considering everything Finotive Funding has to offer, it is safe to say they are for sure one of the industry-leading prop firms.

Please refer to the following pages of our website to read about similar other Prop Firms leading the industry such as: True Forex Funds Review

Yes! Traders are welcome to hold positions over the weekend, or engage in 24/7 crypto trading!

Yes, news trading is allowed however we do not accept news Straddling.

Yes, automated trading is allowed, however we do not allow HFT, arbitrage or any other prohibited methods mentioned in clause 7.1(a) of our Terms and Conditions.

All trading styles are welcome, however please take the time to read section 7 of our Terms and Conditions to understand some restrictions in place.

We currently accept card payments via TrustPayments, and crypto payments via XMoney.

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