Finotive Funding Review (discount code: FOREXPROPREVIEWS)
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Finotive Funding Review (discount code: FOREXPROPREVIEWS)

Finotive Funding is a proprietary firm founded by Oliver Newland that understands that capital is, in most cases, the biggest obstacle to becoming a full-time trader for any individual.
Home » Finotive Funding Review (discount code: FOREXPROPREVIEWS)

Finotive Funding aims to offer a way for retail traders to fast-track the evaluation process and the growth of their capital to generate significantly higher monthly returns.

Pros
  • Funded account negative balance free redeposit
  • Excellent Trustpilot rating of 4.3/5
  • Unlimited evaluation free retries
  • Profit split up to 95%
  • Overnight and weekend holding allowed
  • News trading allowed
  • EA’s and bots allowed
  • Scaling account option up to $3,200,000
  • Leverage up to 400:1
  • A large variety of trading instruments (forex pairs, commodities, indices, cryptocurrencies)
Cons
  • Relatively new prop firm
  • No free trial

Traders at Finotive Funding are encouraged to succeed in their careers. The main priority that they expect from their clients is that they are disciplined individuals who properly manage risk. They allow them to earn high profits by managing account sizes up to $200,000, which can be scaled up to $11,410,000 in total, and taking home profit splits of 75% up to 95%. They can achieve this by trading Forex pairs, commodities, indices, and cryptocurrencies.

Who are Finotive Funding?

Finotive Funding is a proprietary firm founded by Oliver Newland on the 23rd of April, 2021. However, they have been working on the project way before that. They have offices located in Budapest, Hungary while offering traders a chance to work with a total of $11,410,000 in balance with up to 75% up to 95% profit splits. The have also developed Finotive Markets, which is their own brokerage, which is planned to become fully regulated by the end of 2022.

Their headquarters are located at Honvéd utca 8. 1st floor, 1054 Budapest, Hungary.

Video review

Funding program options

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

Evaluation challenge program accounts

Account sizeLeveragePrice (Standard)Price (Swap-free)
$2,5001:100$50$60
$5,0001:100$75$100
$10,0001:200$100$150
$25,0001:200$150$200
$50,0001:400$300$400
$100,0001:400$500$625
$200,0001:400$950$1,100

Finotive Funding evaluation program account aims to identify serious, and talented traders, who are rewarded for their consistency in the two-phase evaluation period. The evaluation program account allows you to trade with 1:100 up to 1:400 leverage, depending on the account size you choose.

Evaluation phase one requires a trader to reach a profit target of 7.5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. You are required to hit your profit target in 30 calendar days from the day you place your first position on your evaluation account. You are also required to trade a minimum of five trading days in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. You are required to hit your profit target in 60 calendar days from the day you place your first position on your evaluation account. You are also required to trade a minimum of five trading days in order to proceed to a funded account.

By completing both evaluation phases, you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout is 7 calendar days from the day you place your first position on your funded account. Note that whenever you receive your first payout, all of your next payouts will be based on a weekly basis. Your profit split will be 75% all the way up to 95% based on the profit you make on your funded account.

Evaluation program account scaling plan

Evaluation program accounts also have a scaling plan. You are required to reach a specific profit target that differentiates depending on your funded account scaling phase. You can see the spreadsheet of funded challenge account scaling phases below:

Account sizePhase 1Phase 2Phase 3Phase 4Phase 5Phase 6Phase 7Phase 8Phase 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 target8%9%10%11%12%13%14%15%16%
Profit split75%80%85%90%95%95%95%95%95%

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

Evaluation program account rules

  • Profit target is a 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 1 profit target is 7.5% while phase 2 has a profit target of 5%. Funded accounts have no profit targets.
  • Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
  • Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 10%.
  • Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. Both phases have a 5 minimum trading day requirement. However, on a funded account, you have no minimum trading days before being eligible for a payout.
  • Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. Phase 1 has a maximum of 30 trading days period while phase 2 has a maximum of 60 trading days period.
  • Maximum positions per instrument is a rule that limits the number of positions you can have opened for a single trading instrument. Evaluation 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 result in preventing the progress from evaluation to funded status, refusal to provide a withdrawal of profits, or refusal to scale your funded account. The following situations count as signs of gambling or reckless trading:
    • Risking 100% or more of your maximum loss limits in open trades (example: open trades totaling 5% risk if the trader’s maximum daily loss is 5%)
    • Risking 50% or more of your 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: whilst 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 reason behind this is that no one can predict the timing of network and hardware issues, so it is much more beneficial for both parties if the trader aims to use a stop-loss at all times)
  • Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
  • Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

Instant funding program accounts

1. Standard instant funding program accounts

Account sizePrice (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

Finotive Funding standard instant funding program account allows traders to skip the evaluation altogether and start earning from the start. You should only focus on not surpassing the 5% maximum daily and 8% maximum loss rules. You are awarded 55% all the way up to 75% profit splits based on the profit you make while trading with 1:100 leverage.

Standard instant funding program account scaling plan

Account sizePhase 1Phase 2Phase 3Phase 4Phase 5Phase 6Phase 7Phase 8Phase 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 target8%9%10%11%12%13%14%15%16%
Profit split60%65%70%75%75%75%75%75%75%

Standard instant funding program accounts also have a scaling plan which you can see in the spreadsheet above. To become eligible to scale your account the only requirement is to reach a profit target that is required for your specific instant funding account phase. You are eligible to scale your account once you reach your profit target, however, note that if you scale your account, you will not be able to withdraw your profits.

Example:

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

Week 1: You gain 4%.

Week 2: You gain 7%.

Your total profits have reached 11%, which makes you eligible for a scale-up since you have reached the 8% profit target. However, since you made a 3% greater profit, you can first withdraw the 3% profit, and after request to scale your account with the remaining 8% profit that is required.

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

Standard instant funding program account rules

  • Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
  • Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 8%.
  • Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. Standard instant funding program accounts have a maximum trading day period of 90 days.
  • Maximum positions per instrument is 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 result in preventing the progress from evaluation to funded status, refusal to provide a withdrawal of profits, or refusal to scale your funded account. The following situations count as signs of gambling or reckless trading:
    • Risking 100% or more of your maximum loss limits in open trades (example: open trades totaling 5% risk if the trader’s maximum daily loss is 5%)
    • Risking 50% or more of your 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: whilst 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 reason behind this is that no one can predict the timing of network and hardware issues, so it is much more beneficial for both parties if the trader aims to use a stop-loss at all times)
  • Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
  • No EAs allowed means that traders are not allowed to use any type of EA services.

2. Aggressive instant funding program accounts

Account sizePrice (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

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

Aggressive instant funding program account scaling plan

Account sizePhase 1Phase 2Phase 3Phase 4Phase 5Phase 6Phase 7Phase 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 target16%18%20%22%24%26%28%30%32%
Profit split60%65%70%75%75%75%75%75%75%

Aggressive instant funding program accounts also have a scaling plan which you can see in the spreadsheet above. To become eligible to scale your account the only requirement is to reach a profit target that is required for your specific instant funding account phase. You are eligible to scale your account once you reach your profit target, however, note that if you scale your account, you will not be able to withdraw your profits.

Example:

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

Week 1: You gain 8%.

Week 2: You gain 14%.

Your total profits have reached 22%, which makes you eligible for a scale-up since you have reached the 8% profit target. However, since you made a 6% greater profit, you can first withdraw the 6% profit, and after request to scale your account with the remaining 16% profit that is required.

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

Aggressive instant funding program account rules

  • Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 10%.
  • Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 16%.
  • Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. Standard instant funding program accounts have a maximum trading day period of 90 days.
  • Maximum positions per instrument is 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 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 result in preventing the progress from evaluation to funded status, refusal to provide a withdrawal of profits, or refusal to scale your funded account. The following situations count as signs of gambling or reckless trading:
    • Risking 100% or more of your maximum loss limits in open trades (example: open trades totaling 5% risk if the trader’s maximum daily loss is 5%)
    • Risking 50% or more of your 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: whilst 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 reason behind this is that no one can predict the timing of network and hardware issues, so it is much more beneficial for both parties if the trader aims to use a stop-loss at all times)
  • Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
  • No EAs allowed means that traders are not allowed to use any type of EA services.

What makes Finotive Funding different from other prop firms?

Finotive Funding differs from most industry-leading prop firms due to offering two different funding programs: Evaluation and Instant funding programs. They also have almost no restrictions on your trading style, you can trade during news, hold trades overnight, and during the weekends.

Finotive Funding evaluation program is a two-phase evaluation program that requires traders to complete two phases before being eligible for payouts. The profit target is 7.5% in phase one and 5% in phase two with a 5% maximum daily and 10% maximum loss rules, you are also required to trade for a minimum of 5 days in each phase before becoming funded. Evaluation programs also have a scaling plan. Compared to other industry-leading prop firms they have relatively low profit targets and minimum trading days.

Example of comparison between Finotive Funding & My Forex Funds

Trading objectivesFinotive FundingMy Forex Funds
Phase 1 profit target7.5%8%
Phase 2 profit target5%5%
Maximum loss5%5%
Maximum daily loss10%12%
Minimum trading days5 calendar days5 calendar days
Profit split75% up to 95%75% up to 85%

Example of comparison between Finotive Funding & FTMO

Trading objectivesFinotive FundingFTMO
Phase 1 profit target7.5%10%
Phase 2 profit target5%5%
Maximum loss5%5%
Maximum daily loss10%10%
Minimum trading days5 calendar days10 calendar days
Profit split75% up to 95%80% up to 90%

Example of comparison between Finotive Funding & FundedNext

Trading objectivesFinotive FundingFundedNext
Phase 1 profit target7.5%10%
Phase 2 profit target5%5%
Maximum loss5%5%
Maximum daily loss10%10%
Minimum trading days5 calendar days5 calendar days
Profit split75% up to 95%80% up to 90%

Compared to other prop firms, Finotive Funding also have instant funding programs. You can choose between standard and aggressive instant funding programs that have a maximum daily (5% on standard and 10% on aggressive accounts) and maximum loss (8% on standard and 16% on aggressive accounts) rule that you cannot surpass. You have a maximum trading day period of 90 days while you also have a maximum number of open positions per instrument requirement (3 open positions per instrument on standard and 6 open positions per instrument on aggressive accounts). Another positive feature is that there are low profit targets (2.5% on standard and 5% on aggressive accounts) required to be eligible for weekly profit splits of 55% up to 75%. Instant funding programs also have a scaling plan.

In conclusion, Finotive Funding is different from other industry-leading prop firms by offering two different funding programs. In addition, they also offer traders relaxed trading rules which makes them a great choice for any trader, no matter the experience.

Is getting Finotive Funding capital realistic?

It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your 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, your chances of success become close to zero.

Receiving capital from evaluation programs is realistic mostly since 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 they are direct funding programs where you can start earning from the start. You have low profit targets (2.5% on standard and 5% on aggressive accounts) to reach while being able to request your withdrawal on a weekly basis.

After considering all of that, Finotive Funding is an excellent choice to get funded since you have two different funding programs you can choose from that have realistic trading objectives to follow and conditions to receive payouts.

Payment proof

Finotive Funding was founded by Oliver Newland on the 23rd of April, 2021. You are eligible for payouts after passing the two-stage evaluation or by earning from the start if you prefer instant funding.

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:

Which broker does Finotive Funding use?

Finotive Funding has its broker named Finotive Markets.

As for trading platforms, you are allowed to use MetaTrader 4 or MetaTrader 5.

Trading instruments

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

FOREX:USDCHFGBPUSDEURUSDUSDJPYUSDCAD
AUDUSDEURGBPEURAUDEURCHFEURJPYGBPCHF
CADJPYGBPJPYAUDNZDAUDCADAUDCHFAUDJPY
CHFJPYEURNZDEURCADCADCHFNZDJPYNZDUSD
CHFNOKEURHUFEURNOKEURPLNEURSEKEURTRY
GBPAUDGBPCADGBPNZDGBPSEKNOKSEKNZDCAD
NZDCHFTRYJPYUSDCNHUSDCZKUSDHUFUSDRUB
USDHKDUSDMXNUSDNOKUSDPLNUSDSEKUSDSGD
USDTRYUSDZARZARJPY
COMMODITIES:XAUUSDXAGUSDUSOilUKOil
INDICES:AUS200DAXESP35HK50ESX50
JPN225UK100NAS100WS30SP500
CRYPTO:BTCUSDETHUSDLTCUSDEOSUSD

Trading fees

Trading commission:

AssetsFee terms
FOREX 0 USD / LOT; 4 USD / LOT on funded account
COMMODITIES 0 USD / LOT; 4 USD / LOT on funded account
INDICES 0 USD / Contract; 4 USD / Contract while funded
CRYPTO 0 USD / LOT; 4 USD / LOT on funded account

Spread:

In order to check the live spreads login to the trading account below:

PlatformServerLogin numberPasswordDownload platform
Meta Trader 4FinotiveMarkets-LIVE74017770FinotiveClick here

Education & Support for traders

Finotive Funding does not provide any educational content on its website.

While Finotive Funding doesn’t have their thread on ForexFactory, they have been mentioned numerous times in another thread named ‘’PROP FIRM HUB’’ made by a user named Masterrmind.

To see the mentioned thread click here.

They also have a modern dashboard where traders can check their performance:

Trader’s comments about Finotive Funding

Finotive Funding has excellent feedback from their reviews.

On Trustpilot, they have a large variety of their community commenting and giving positive feedback, with an incredible score of 4.4/5 out of 84 reviews.

Most of Finotive Funding community praises their customer support team, who seem to be prompt and patient while dealing with their client’s issues and resolving them.

Another comment mentioned their diversity with their account sizes that start from $2,500 up to $200,000, making it also accessible for traders that have limited amounts of capital.

Social media statistics

Finotive Funding can also be found on social media.

They have a:

Support

Finotive Funding has a FAQ section on their website where you might find the missing information.

The support team is available on their social media, or you can directly contact them on their email info@finotivefunding.com.

Another option is the live chat support on their website, where you can contact them, and you will receive the desired information or help.

Registration process

To register with Finotive Funding, you will require to complete the following steps.

1. Sign up for account

2. Choose your account

3. Click on the dashboard to see your login details and account statistic

4. Visit the payouts section in order to make a withdrawal, traders can withdraw every week

Conclusion

In conclusion, Finotive Funding is a legitimate proprietary trading firm that offers traders a chance to choose between two different funding programs: Evaluation and Instant funding.

Evaluation programs are an industry-standard two-phase evaluation challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits. Finotive Funding requires traders to reach profit targets of 7.5% in phase one and 5% in phase two before becoming funded which are realistic trading objectives considering you have a 5% maximum daily and 10% maximum loss rules to follow. With evaluation programs, you can earn up to 95% profit splits while also being able to scale your accounts.

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

I would recommend Finotive Funding to anyone who is looking for a prop firm with straightforward trading rules. They are a relatively new proprietary trading firm that offers excellent conditions with two different funding programs to choose from that target a big pool of individuals with unique trading styles. After considering everything Finotive Funding has to offer, they are for sure one of the industry-leading prop firms.

This review about Finotive Funding was lastly updated on 29.08.2022 at 13:47 (CE(S)T).

So, what do you think about the layout of the Proprietary Trading firm? Does Finotive Funding have the instruments that you want to trade?

Let us know if you enjoyed our Finotive Funding Proprietary Trading firm review!

Use the following code for a 5% discount + an increased +5% profit split: FOREXPROPREVIEWS

Finotive Funding Review (discount code: FOREXPROPREVIEWS) Details

Trading platform
Deposit Methods
Withdrawal Methods
Tradable instruments
Account Currencies
Leverage
Maximum capital allocation
Receive up to:
$200,000
Use code for 5% discount: FOREXPROPREVIEWS
*Choose your account size and make a payment
4.0
Fees
4.0
Trading platform
4.0
Deposit and withdrawal
5.0
Customer Support
4.3 Overall Rating

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