Finotive Funding Review
Finotive Funding offer a way for retail traders to fast-track the process of growing their capital, allowing them to get a 95% profit share by trading on a funded account scaled up to $3,200,000 when they pass the performance evaluation.
Finotive Funding is a proprietary firm that provides traders with funds via an instant funding program and challenges where they will check to see if you have what it takes to meet profit targets whilst staying within the trading rules.
At Finotive Funding, traders are urged to advance in their career. They place a high value on disciplined behaviour and effective risk management from their clients. The business thinks that traders may accomplish this by managing their risk well when trading forex, commodities, indices, and cryptocurrencies on the professional MT5 platform.
The Finotive Group’s fourth business, Finotive Funding, was established on April 23, 2021, but they had already been working on the best idea to revolutionise the funded trader market for a long time prior to then. They formally debuted on June 23, 2021. Budapest, Hungary serves as the location of the business’s headquarters.
Oliver Newland, the founder of Finotive Group, is aware that the largest barrier to becoming a full-time trader can be money. In order to try and help retail traders to achieve their desired monthly returns, he wants to provide a way for them to accelerate the process of building their capital.
Finotive Funding offer prop traders funded accounts up to $200,000, which may be scaled up to $11,410,000 overall. With the opportunity to scale up and taking home profit splits of 75% to 95%, they enable successful traders to generate large profits.
Finotive Funding has three different funding programs to choose from:
- Instant funding program accounts (standard and aggressive)
- One-step evaluation program accounts
- Two-step evaluation program accounts
Because it offers three separate funding programs in the two-step evaluation, quick funding, and one-step evaluation, Finotive Funding varies from the majority of industry-leading prop firms. Your trading style is also essentially unrestricted. You are free to trade during news events, keep positions open overnight, and on the weekends. They have no time constraints and rather modest profit targets in comparison to other prominent prop companies in the industry.
Instant Funding
The prop firm provides Instant Funding so that traders can bypass the two-phase review procedure. Any profits exceeding 2.5% with Instant Funding can either be withheld or put towards a goal for account scaling. Weekly withdrawals can be made straight from the trading dashboard.
You should only be concerned about adhering to the 5% daily maximum and 8% maximum loss limits. Depending on how much money you make when trading with a leverage of 1:100, you could receive anywhere from 55% to 75% of the profits.
| Account Size | Price (Standard) | Price (Standard Swap-free) |
|---|---|---|
| $2,500 | $95 | $120 |
| $5,000 | $190 | $240 |
| $10,000 | $335 | $420 |
| $25,000 | $525 | $625 |
| $50,000 | $1,055 | $1,200 |
| $100,000 | $2,100 | $2,300 |
| Account Size | Price (Aggressive) | Price (Aggressive Swap-free) |
|---|---|---|
| $2,500 | $165 | $210 |
| $5,000 | $330 | $420 |
| $10,000 | $660 | $780 |
| $25,000 | $1,340 | $1,500 |
| $50,000 | $2,400 | $2,600 |
| $100,000 | $5,280 | $5,555 |
One Step Challenge
The one-phase evaluation programme account from Finotive Funding seeks to find serious and competent traders who are rewarded for their consistency over the course of the examination. Depending on the account size you select, the evaluation programme account enables you to trade with leverage ranging from 1:100 to 1:400.
A trader must meet a 10% profit target throughout the evaluation period while adhering to their 4% daily loss or 7.5% maximum loss limits. There are no minimum or maximum trading day requirements for your evaluation account. The achievement of the profit target is the only prerequisite for funding.
When the evaluation process is through, you are given a financed account with no profit targets. You merely need to adhere to the 7.5% maximum loss or 4% daily loss restrictions. Two calendar days have passed since the day your funded account received its initial position before you receive your first dividend. Keep in mind that following your initial payout, all of your subsequent payouts will be calculated on a weekly basis. Depending on how much money you generate on your funded account, your share of the profits will range from 75% to 95%.
| Account size | Leverage | Price (Standard) | Price (Swap-free) |
|---|---|---|---|
| $2,500 | 1:100 | $60 | $72 |
| $5,000 | 1:100 | $90 | $120 |
| $10,000 | 1:200 | $120 | $180 |
| $25,000 | 1:200 | $180 | $240 |
| $50,000 | 1:400 | $360 | $480 |
| $100,000 | 1:400 | $600 | $750 |
| $200,000 | 1:400 | $1,140 | $1,320 |
Challenge
The Challenge is divided into 2 Phases, each having distinct performance goals that must be met in order to move forward. In order to assist you, they have provided some fundamental risk guidelines that must not be broken. Risk management is the key to profitable trading.
The two-phase evaluation programme account for Finotive Funding aims to find serious and competent traders who are rewarded for their consistency over the course of the evaluation. Depending on the account size you select, the evaluation programme account enables you to trade with leverage ranging from 1:100 to 1:400.
| 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 |
In order to pass the first evaluation phase, a trader must hit their 7.5% profit target while adhering to their 10% maximum loss or 5% daily loss limits. You should be aware that phase one has no minimum or maximum trading day limits when it comes to time constraints. You simply need to achieve the 7.5% profit target without breaking the maximum daily or maximum loss limit criteria in order to move on to phase two.
The second round of evaluation requires a trader to hit a 5% profit target while staying within their 5% daily loss or 10% maximum loss limits. You should be aware that phase two has no minimum or maximum trading day limits when it comes to time constraints. You only need to hit the 5% profit target without going over the maximum daily or maximum loss limits in order to move on to funded status.
When you successfully complete both evaluation rounds, you are given a funded account without profit targets. You are simply required to abide by the 10% maximum loss and 5% daily loss restrictions. Two calendar days have passed since the day your funded account received its initial position before you receive your first dividend. Keep in mind that following your initial payout, all of your subsequent payouts will be calculated on a weekly basis. Depending on how much money you generate on your funded account, your share of the profits will range from 75% to 95%.
| 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 |
While Finotive Funding do not have limitations on things like news trading, weekend holding, or lot sizes, they do have some limitations in place to safeguard their capital. This is something that is standard across all prop firms, with some being more lenient than others.
Responsible Trading
They do not endorse gambling practises, so have a Responsible Trading Policy in place to provide traders with clear risk-related instructions. They will not reward traders who have made money using risky trading techniques, such as:
- Risking 100% or more of drawdown limits in open trades of any instrument
- Risking 50% or more of drawdown limits on individual trades or across open trades of the same instrument
- Trading without any stop loss in place
Scaling
Funded accounts can be scaled, so funded traders have access to funding up to $3.2 million. The scaling plan gives traders the chance to deal with professional-level capital.
Only achieving a profit target necessary for your particular funding account phase will qualify your account for scaling. Once you accomplish your profit goal, you are able to scale your account. But keep in mind that you won’t be able to cash out your gains if you scale your account.
Two-step Evaluation Scaling Plan
Scaling plans are included in two-step evaluation programme accounts. Depending on your funded account scaling phase, you are obliged to meet a specified profit target. Below is a table showing the funded challenge account scaling phases.
| Account Size | Phase 1 | Phase 2 | Phase 3 | Phase 4 | Phase 5 | Phase 6 | Phase 7 | Phase 8 | Phase 9 |
|---|---|---|---|---|---|---|---|---|---|
| $2,500 | $4,000 | $7,000 | $12,000 | $21,000 | $35,000 | $60,000 | $103,000 | $174,000 | $296,000 |
| $5,000 | $9,000 | $14,000 | $25,000 | $42,000 | $71,000 | $121,000 | $205,000 | $349,000 | – |
| $10,000 | $17,000 | $29,000 | $49,000 | $84,000 | $142,000 | $241,000 | $410,000 | – | – |
| $25,000 | $43,000 | $72,000 | $123,000 | $209,000 | $355,000 | $603,000 | – | – | – |
| $50,000 | $85,000 | $145,000 | $246,000 | $418,000 | $710,000 | $1,207,000 | – | – | – |
| $100,000 | $170,000 | $289,000 | $491,000 | $835,000 | $1,420,000 | – | – | – | – |
| $200,000 | $340,000 | $578,000 | $983,000 | $1,670,000 | – | – | – | – | – |
| Profit target | 8% | 9% | 10% | 11% | 12% | 13% | 14% | 15% | 16% |
| Profit split | 75% | 80% | 85% | 90% | 95% | 95% | 95% | 95% | 95% |
Standard Instant Funding Scaling Plan
The table below shows the scaling plan for accounts in standard instant funding programmes. The only prerequisite for scaling your account is to meet the profit goal necessary for the quick funding account phase in question. Once you accomplish your profit target, you can scale your account; however, you should be aware that you won’t be able to withdraw your gains if you do so.
| Account Size | Phase 1 | Phase 2 | Phase 3 | Phase 4 | Phase 5 | Phase 6 | Phase 7 | Phase 8 | Phase 9 |
|---|---|---|---|---|---|---|---|---|---|
| $2,500 | $4,000 | $7,000 | $12,000 | $21,000 | $35,000 | $60,000 | $103,000 | $174,000 | $296,000 |
| $5,000 | $9,000 | $14,000 | $25,000 | $42,000 | $71,000 | $121,000 | $205,000 | $349,000 | – |
| $10,000 | $17,000 | $29,000 | $49,000 | $84,000 | $142,000 | $241,000 | $410,000 | – | – |
| $25,000 | $43,000 | $72,000 | $123,000 | $209,000 | $355,000 | $603,000 | – | – | – |
| $50,000 | $85,000 | $145,000 | $246,000 | $418,000 | $710,000 | $1,207,000 | – | – | – |
| $100,000 | $170,000 | $289,000 | $491,000 | $835,000 | $1,420,000 | – | – | – | – |
| Profit target | 8% | 9% | 10% | 11% | 12% | 13% | 14% | 15% | 16% |
| Profit split | 60% | 65% | 70% | 75% | 75% | 75% | 75% | 75% | 75% |
Aggressive Instant Funding Scaling Plan
The table below shows the scaling plan for accounts in the aggressive instant funding programme. The only prerequisite for scaling your account is to meet the profit target necessary for the quick funding account phase in question. Once you accomplish your profit target, you can scale your account; however, you should be aware that you won’t be able to withdraw your gains if you do so.
| Account Size | Phase 1 | Phase 2 | Phase 3 | Phase 4 | Phase 5 | Phase 6 | Phase 7 | Phase 8 | Phase 9 |
|---|---|---|---|---|---|---|---|---|---|
| $2,500 | $5,000 | $10,000 | $20,000 | $40,000 | $80,000 | $160,000 | $320,000 | $640,000 | $1,280,000 |
| $5,000 | $10,000 | $20,000 | $40,000 | $80,000 | $160,000 | $320,000 | $640,000 | $1,280,000 | – |
| $10,000 | $20,000 | $40,000 | $80,000 | $160,000 | $320,000 | $640,000 | $1,280,000 | – | – |
| $25,000 | $50,000 | $10,000 | $200,000 | $400,000 | $800,000 | $1,600,000 | – | – | – |
| $50,000 | $100,000 | $200,000 | $400,000 | $800,000 | $1,600,000 | $3,200,000 | – | – | – |
| $100,000 | $200,000 | $400,000 | $800,000 | $1,600,000 | $3,200,000 | – | – | – | – |
| Profit target | 16% | 18% | 20% | 22% | 24% | 26% | 28% | 30% | 32% |
| Profit split | 60% | 65% | 70% | 75% | 75% | 75% | 75% | 75% | 75% |
One-step Evaluation Scaling Plan
Accounts for one-step evaluation programmes also include a scaling strategy. You must accomplish a particular profit goal that varies according to the scaling phase of your financed account. The funded challenge account scaling phases table is shown below:
| Account Size | Phase 1 | Phase 2 | Phase 3 | Phase 4 | Phase 5 | Phase 6 | Phase 7 | Phase 8 | Phase 9 |
|---|---|---|---|---|---|---|---|---|---|
| $2,500 | $4,000 | $7,000 | $12,000 | $21,000 | $35,000 | $60,000 | $103,000 | $174,000 | $296,000 |
| $5,000 | $9,000 | $14,000 | $25,000 | $42,000 | $71,000 | $121,000 | $205,000 | $349,000 | – |
| $10,000 | $17,000 | $29,000 | $49,000 | $84,000 | $142,000 | $241,000 | $410,000 | – | – |
| $25,000 | $43,000 | $72,000 | $123,000 | $209,000 | $355,000 | $603,000 | – | – | – |
| $50,000 | $85,000 | $145,000 | $246,000 | $418,000 | $710,000 | $1,207,000 | – | – | – |
| $100,000 | $170,000 | $289,000 | $491,000 | $835,000 | $1,420,000 | – | – | – | – |
| $200,000 | $340,000 | $578,000 | $983,000 | $1,670,000 | – | – | – | – | – |
| Profit target | 8% | 9% | 10% | 11% | 12% | 13% | 14% | 15% | 16% |
| Profit split | 75% | 80% | 85% | 90% | 95% | 95% | 95% | 95% | 95% |
Expert Advisors
Automated trading using expert advisors (EAs) is allowed on Finotive Funding accounts. Just keep in mind that all automated prop trading strategies must abide by their general trading rules.
Third-party EA risk refers to the possibility that other traders may be utilising the same trading technique as you are if you use a third-party EA. This should be considered if you plan to utilise an EA. If you use a third-party EA and go over the maximum capital allocation limit, you can face the risk of not getting a funded account or a withdrawal.
Weekend Trading
You are allowed to hold positions over the weekend and even trade crypto 24/7. This is an advantage as you can swing trade and hold positions for a long period of time, unlike at some prop firms such as Apex Trader Funding who do not allow weekend trading.
Trading Days
This refers to the maximum number of trading days that you have to reach a particular profit or withdrawal target. The maximum trading day term for accounts under the instant funding programme is 90 days. You have no minimum or maximum trading day requirements during both evaluation stages.
Position Size
There are no restrictions on the maximum lot size at the brokerage they use. You may trade up to the broker’s limit, which varies by instrument and is between 50 and 100 Lots. They also don’t put a cap on the number of open positions.
Accounts
You can run many accounts at once while combining Instant Funded and Challenge accounts on the trading dashboard. For Challenge Accounts, the maximum purchased capital is $600,000, while for Instant Funding, it is $200,000.
Payouts
If the account is in the trader’s name and is located anywhere in the world, they can pay directly by bank transfer or wire transfer. You only need to give them the IBAN and Swift/BIC code in order for them to start the payment, or you can choose Deel, a company that offers international payroll solutions.
From Monday through Friday, withdrawals are completed at 14:00 CET. After 13:00 on Friday, any withdrawals will be processed on Monday at 14:00. They suggest allowing 1-3 working days for payment to be received.
Brokers
This prop firm uses their very own internal brokerage in Finotive Markets which is something you don’t see with many prop firms. Finotive Markets offers some of the greatest market conditions with cheap commissions and extremely narrow spreads because they have their own Liquidity Providers. If you would prefer to use a prop trading firm that partners with a regulated broker, you can take a look at Funded Trading Plus as an alternative option.
Platforms
You can trade with Finotive Funding using the powerful yet user-friendly MetaTrader 5 (MT5) platform from MetaQuotes. This is the industry standard online trading platform that is used by millions of traders all across the globe. MT5 is fully loaded with all of the trading tools that you need for conducting comprehensive market analysis and making informed trade decisions. You can analyse the markets across multiple chart types and timeframes for trading signals. It makes placing and managing trades a breeze with support for both manual and automated trading strategies. They no longer offer the older MT4 platform but True Forex Funds do if that is something you are looking for.
Instruments
There is a generous variety of over 100 financial instruments to trade with very competitive trading conditions. You can get the best spreads and the lowest latency possible across all asset classes, including FX, indices, and cryptocurrencies, from deep liquidity pools. The average spread on currency pairs is 0.2 pips with ultra-fast execution less than 15 milliseconds and flexible leverage all the way up to 1:400. This is one of the highest leverages you will find wih any prop firm.
Trader Dashboard
You will get access to your own personal Dashboard to track your progress and keep an eye on your trading statistics in real-time. This enables you to see other factors, such as Trading Days, and prevents you from breaking any drawdown regulations.
| Maximum capital | $3,200,000 |
| Profit split | 95% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:400 |
Overall, Finotive Funding is a legit proprietary trading company that gives traders a choice of three distinct funding options: instant funding, one-step evaluation, and two-step evaluation.
An industry standard two-phase evaluation challenge is the two-step evaluation programme, which must be completed before receiving funding and being qualified to receive profit splits. Before receiving funding from Finotive Funding, traders must meet profit goals of 5% in phase two and 7.5% in phase one. These trading goals are reasonable in light of the 5% daily and 10% overall loss caps you must adhere to. You can scale your accounts and receive profit splits of up to 95% with evaluation programmes.
In reality, instant funding programmes are direct funding programmes that let you trade with a funded account and get weekly profit splits without waiting for the evaluation period to end. On all accounts participating in the instant funding programme, your maximum trading day term is 90 days. With fast funding schemes, you can scale your accounts and receive profit shares ranging from 55% to 75%.
Finally, one-step evaluation programmes need to complete one phase in order to receive funding and be qualified to receive profit splits. Before becoming funded, traders at Finotive Funding must achieve a 10% profit target. These trading goals are reasonable in light of the 4% daily and 7.5% overall loss caps you must adhere to. You can scale your accounts and receive profit splits of up to 95% with one-step evaluation schemes.
If you’re searching for a prop company with simple trading rules, Finotive Funding are a great option. They are a relatively young organisation that specialises in proprietary trading, and they provide fantastic terms with three distinct funding options that cater to a wide range of people with various trading strategies. After taking into account all Finotive Funding has to offer, it is clear that they are among the top prop trading firms.
Do they offer leverage?
What instruments can I trade?
Do they offer Islamic accounts?
What is the difference between the Standard and Aggressive Instant Funding Model?
Additional 2.5% profit required to withdraw (Withdrawal Threshold)
Additional 8% equity drawdown allowed
Additional 5% daily drawdown allowed
Additional 5% profit split given
