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Finotive Funding Review 2024

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Finotive Funding Review 2024
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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:Finotive Funding
Founded:2021
Headquarter:Limassol, Cyprus
Min Price:$35
Max Fund:$3,000,000
Challenges:3
About
Finotive Funding is based in Cyprus and was founded in 2021 by Oliver Newland. The company offers challenge, instant funding, and pro accounts with leverage up to 1:400, minimum commission of $3 per lot, and a profit split up to 100%.
Contact
Finotive Group Global Omirou Street 64 3096 Limassol, Cyprus.
Rank and Score
Pros and Cons
Withdrawal Payments
Instruments
Pros
Instant funding
Scaling option up to $3,000,000
Salary program
Access to the popular MetaTrader 5 platform
Cons
Unregulated brokerage partner
Geo-restrictions
Limited educational resources

Finotive Funding is a prop trading firm that enables you to trade Forex, Indices, Crypto, Metals, and Energy on MT5 trading platform with up to $3,000,000 funds. What are the evaluation rules on Finotive Funding prop firm?

We’ll explore the funded accounts, pricing, rules, registration, KYC process, available markets, commissions, spreads, and many more on this Finotive Funding review.

Finotive Funding; Company Introduction

Finotive Funding
The prop firm has paid out more than $14M profit share to its clients

Finotive Funding was founded in April 2021 by CEO Oliver Newland. The firm is located in Cyprus and is an affiliate of Finotive Markets LLC brokerage company. The firm provide retail traders with trading capital for a low price. Key features of Finotive Funding:

  • Instant funding accounts;
  • Exclusive global payroll solution;
  • MT5 trading platform;
  • Up to 100% profit split;
  • Up to 1:400 leverage;
  • Weekly withdrawals;
  • A salary program.

Finotive Funding Table of Specifications

The company is a proprietary trading firm providing traders with analytical tools and access to live non-execute trading accounts through its partnership with Finotive Markets LLC, a licensed MetaTrader broker. Key specifications of Finotive Funding:

Account currency

USD, GBP, EUR

Minimum price

$35

Maximum leverage

1:400

Maximum profit split

Up to 100%

Instruments

Forex, Metals, Indices, Energies, Equities, Crypto

Assets

300+

Evaluation steps

1-Phase, 2-Phase, Instant Funding

Withdrawal methods

Finotive Pay, Crypto, PayPal, Revolut, Bank Transfer

Maximum fund size

$3,000,000

First profit target

7.5%

Max. daily loss

8.0%

Challenge time limit

Unlimited

News trading

Allowed

Maximum total drawdown

16%

Trading platforms

MT5

Commission

Challenge: $4/round lot

Instant Funding: $4/round lot 

Finotive Pro: $3/round lot

TrustPilot score

3.8

Payout frequency

Weekly

Established country

Cyprus

Finotive Funding (Advantages and Disadvantages)

Like any trading platform, Finotive Funding comes with its own set of pros and cons.

Pros

Cons

Access to the popular MetaTrader 5 platform

Unregulated brokerage partner

Scaling option up to $3,000,000

Limited educational resources

Salary program

Limited contact channels

Instant funding

Geo-restrictions

Funding Plans and Pricing

Finotive Funding prop firm offers a variety of account options to cater to different trading styles and experience levels. Here's an overview of their funding plans and pricing structure.

Account Size

Challenge

Instant Funding

Finotive Pro

1 Step

2 Step

Standard

Aggressive

1 Step

2 Step

$2,500

$45

$35

$99

$188

-

-

$5,000

$74

$59

$199

$388

-

-

$10,000

$119

$99

$349

$748

-

-

$25,000

$229

$199

$675

$1,474

-

-

$50,000

$349

$299

$1,249

$2,648

$600

$550

$75,000

$499

$399

$1,899

$3,898

$825

$725

$100,000

$549

$499

-

-

$1,050

$850

$150,000

$849

$599

-

-

$1,550

$1,250

$200,000

-

-

-

-

$2000

$1,600

Evaluation on Finotive Funding (Rules and Conditions)

The next step in Finotive Funding review is exploring the challenge rules. The firm has established a comprehensive set of conditions to ensure fair and responsible trading.

Features

Challenge

Instant Funding

Finotive Pro

1 Step

2 Step

Standard

Aggressive

1 Step

2 Step

Profit Target

10.0%

7.5%

5.0%

-

-

10.0%

7.5%

5.0%

Daily Loss Limit

4.0%

5.0%

5.0%

8.0%

4.0%

5.0%

Total Drawdown

7.5%

10.0%

8.0%

16.0%

7.5%

10.0%

Leverage

Up to 1:400

Up to 1:400

1:100

1:100

1:200

1:200

Profit split

75%

75%

55%

60%

75% (up to 100%)

75% (up to 100%)

Total Risk Limit

-

-

2.5%

5.0%

-

-

Monthly Salary

-

-

-

-

$500

$500

Does Finotive Funding offer Bonus and Promotion Programs?

While Finotive Funding is known for its innovative approach to prop trading, there's no explicit mention of bonus or promotion programs on its website. However, they do offer coupon codes from time to time.

In the time of writing this article, a 25% discount is automatically applied on all accounts. There is also a 15% discount code (FINCRYPTO) for crypto payments.

Available Markets on Finotive Funding Prop Firm

It’s time to explore available trading instruments on Finotive Funding. The firm offers traders access to a diverse range of financial markets, allowing for varied trading opportunities and portfolio diversification.

  • FX Majors;
  • FX Minors;
  • FX Exotics;
  • Metals;
  • Indices;
  • Energies;
  • Equities;
  • Crypto.

Finotive Funding Payment Methods

The firm offers a comprehensive and flexible payment solution called "Finotive Pay" along other methods to ensure traders can easily manage their earnings. Finotive Funding payment/payout methods:

Deposit

Withdrawal

Crypto

Bank Transfer

Credit/Debit Cards

Crypto

Finotive Pay (not available on the first payment)

Revolut

-

PayPal

-

Finotive Pay

Over $14 million in total payouts have been processed, and more than 9,000 individual traders have been served.

Finotive Funding Payment Methods
You can withdraw your profits directly via cryptocurrencies like BTC, ETH, USDT, SOL, USDC, and many more

Commission and Spread

Discussing the fee structure is crucial in the Finotive Funding review. The firm offers a transparent and straightforward fee structure.

Account Type

Commission (per round lot)

Spread

Challenge

$4

Varies based on the instruments

Instant Funding

$4

Finotive Pro

$3

Note that the firm doesn’t charge any commissions in the evaluation phases and the mentioned figures only apply to funded accounts.

Finotive Funding on Review Websites (Trust Scores)

When it comes to trader reviews, Finotive Funding receives a mixed bag of feedback.

Finotive Funding TrustPilot Profile
The firm has received 21% negative reviews from TrustPilot users and replied to only 51% of them

Some users praise the consistent and timely withdrawals, responsive support team, and salary programs, while others complain about rule changes, higher-than-average spreads on certain instruments, and mandatory stop losses.

TrustPilot

3.8 out of 5 based on 542 reviews

Forex Peace Army

1.7 out of 5 based on 4 reviews

Customer Support

Customer support is a crucial aspect of any prop firm, and Finotive Funding seems to take this seriously, since it’s provided several contact channels for customers.

Email

support@finotivefunding.com

Ticket

Through “Contact” form

Chat Bot

Available on the website

“Call” service

Book a call through your dashboard

Finotive Funding Prop Firm on Social Media

The last step on Finotive Funding review is to check the firm’s presence on social media platforms. The company has a Discord community with over 8,000 members. You can join and start communicating with other traders and the team. Finotive Funding social media links:

By following Finotive Funding on social media, traders can stay updated on the latest trends, participate in discussions, and potentially discover new investment opportunities. This community-driven approach adds value beyond just capital provision.

Expert Suggestions

Finotive Funding supports retail traders by providing trading funds and offering a robust trading platform (MT5), transparent commissions, diverse account types.

Finotive Funding prop firm also provides an exclusive payment method (Finotive Pay) alongside other methods such as Crypto, and Debit/Credit Cards. Share your thoughts about this Finotive Funding review in the comments.

FAQs

Is Finotive Funding legit?

The firm is based in Cyprus and is an affiliate of Finotive Markets LLC offshore broker, but doesn’t have any licenses from top-tier regulatory bodies.

How long does it take to get funded?

The time to funding depends on your performance in the challenge accounts. Successful traders can potentially get funded within a few weeks.

Can I trade crypto?

Crypto trading is available on the firm.

What happens if I breach a trading rule?

Minor breaches (Total risk, stop loss, and gambling rules) may result in reduced payouts, while major violations (Drawdown rules) could lead to account termination.

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