If you’re considering investing with Finotive Funding, you might be wondering whether it’s a reliable and trustworthy platform. In this review, we’ll take a closer look at the company and its services to help you make an informed decision.
Finotive Funding is a trading platform that operates under the umbrella of Finotive Funding Kft. The company offers a range of services, including news trading, weekend holding, and lot sizes. While there are some restrictions in place to protect the company’s capital, there are no restrictions in these areas. Finotive Funding is an affiliate of Finotive Markets LLC, and by opening an account with, you agree to the terms and conditions of its partnered brokerage.
In this review, we’ll examine the features and benefits of Finotive Funding, as well as any potential drawbacks. We’ll also take a closer look at the company’s history and reputation and provide you with the information you need to make an informed decision about whether to invest with Finotive Funding.
Understanding Finotive Funding
If you are looking for a proprietary trading firm, Finotive Funding could be the one for you. Finotive Funding Kft. is a company registered in Hungary that offers proprietary trading services. It is important to note that Finotive Funding does not provide investment services,.
When it comes to compatibility, Finotive Funding does not guarantee that its services will be compatible with any specific equipment or software. However, the company does provide a responsible trading policy that supports traders who show talent for responsible trading.
Finotive Funding is an affiliate of Finotive Markets LLC, and by opening an account with Finotive Funding, you agree to the terms and conditions of our partnered brokerage, Finotive Markets LLC.
The industry recognizes Finotive Funding as a proprietary trading firm. If you are interested in proprietary trading, Finotive Funding may be a good option for you.
The Finotive Challenges
Finotive Funding offers traders the opportunity to participate in challenges designed to test their trading skills and potentially earn funding for their trading accounts. There are three types of challenges: the One Step Challenge, Phase 1, and Phase 2. Each challenge has its own set of rules and requirements.
One Step Challenge
The One Step Challenge is designed for traders who are new to Finotive Funding and want to test their trading skills without risking any of their own capital. Traders who successfully complete the challenge will receive a $50 funded trading account. The challenge requires traders to achieve a profit of at least 5% within 15 trading days using a maximum of 3 trades.
Phase 1
Phase 1 is the first step towards earning a fully funded trading account with Finotive Funding. Traders who successfully complete Phase 1 will receive a $5,000 funded trading account. The challenge requires traders to achieve a profit of at least 7.5% within 30 trading days using a maximum of 10 trades. Traders are also required to maintain a maximum drawdown of 5% during the challenge.
Phase 2
Phase 2 is the final step towards earning a fully funded trading account with Finotive Funding. Traders who successfully complete Phase 2 will receive a fully funded trading account with a starting balance of $50,000. The challenge requires traders to achieve a profit of at least 5% within 60 trading days using a maximum of 20 trades. Traders are also required to maintain a maximum drawdown of 5% during the challenge.
Overall, the Finotive Challenges provide traders with a structured and challenging way to test their trading skills and potentially earn funding for their trading accounts. However, traders should carefully review the rules and requirements of each challenge before participating to ensure that they are able to meet the criteria and have a realistic chance of success.
Account Types and Scaling
When it comes to Finotive Funding, there are three types of accounts available: Standard, Aggressive, and Instant Funding. Each of these accounts has its own unique features and benefits, and the type of account you choose will depend on your trading style and preferences.
Standard Account
The Standard Account is the most basic account type available at Finotive Funding. It is designed for novice traders who are just getting started in the world of trading. With this account, you can trade with up to $50,000 in initial capital, and you will be subject to a profit target of 7.5% in Phase 1 and 5.0% in Phase 2. The fee for this account type varies depending on the amount of initial capital you choose to invest.
Aggressive Account
The Aggressive Account is designed for more experienced traders who are looking to take on more risk and potentially earn higher profits. With this account type, you can trade with up to $100,000 in initial capital, and you will be subject to a profit target of 10% in Phase 1 and 7.5% in Phase 2. The fee for this account type is higher than the Standard Account, but it also comes with more benefits and features.
Instant Funding Account
The Instant Funding Account is designed for traders who want to start trading right away without having to wait for their initial capital to be funded. With this account type, you can start trading with as little as $500 in initial capital, and you will be subject to a profit target of 5% in Phase 1 and 2.5% in Phase 2. The fee for this account type is higher than the other two account types, but it is also more flexible and convenient.
In terms of account scaling, Finotive Funding offers a unique scaling system that allows traders to increase their account size based on their performance. This means that if you are able to meet or exceed your profit targets, you will be able to increase the amount of capital you are trading with, which can lead to higher profits over time.
Overall, the type of account you choose will depend on your trading style, experience level, and preferences. Whether you choose the Standard, Aggressive, or Instant Funding Account, you can rest assured that you will be trading with a trusted and reliable broker who is committed to helping you achieve your financial goals.
Trading Conditions and Rules
Trading Days
Finotive Funding offers trading on weekdays from Monday to Friday, with trading hours from 9:00 AM to 5:00 PM (CET). Please note that trading on weekends is not available.
Trading Rules
Traders must abide by the following General Trading Rules:
- It is prohibited to engage in any form of market manipulation or abuse.
- Traders must not use any automated trading software or bots.
- Traders must not share their login credentials with anyone else.
- Traders must not engage in any form of insider trading.
- Traders must not engage in any form of money laundering.
- Traders must not engage in any form of fraudulent activity.
In addition to the General Trading Rules, traders must also adhere to the Responsible Trading Policy. This policy is designed to ensure that traders trade responsibly and do not take on excessive risk. Traders must ensure that they have a clear understanding of the risks involved in trading and must only trade within their means.
The Profit target in the Finotive Funding Challenge is set to 7.5% of the initial balance for Phase 1 and 5.0% for Phase 2. A profit target means that a trader reaches a profit in the sum of closed positions on the assigned trading account in the Finotive Funding Challenge. At the end of the trading period, all positions must be closed.
If a user chooses to cancel their account after trading on it or fails to meet the conditions of the Finotive Funding Challenge after completion or verification or violating any terms of this Agreement, then the user will not be entitled to a refund.
Please note that trading information, including information regarding your trading account, trading statements, time of opening and closing a position, the financial instrument traded, trading experience, and other related information, may be required by the trading platform you trade on.
Evaluation Process and Targets
Evaluation Program
Finotive Funding offers an evaluation program for traders who want to prove their skills and gain access to funding. The program consists of two phases, each with its own set of rules and performance targets. To participate in the program, you need to pay a fee, which covers the costs of setting up your trading account and providing you with access to the trading platform.
During the evaluation program, you will be given a demo account with a virtual balance of up to $200,000. You will need to trade the account according to the rules of the program and meet the performance targets to progress to the next phase. The program is designed to test your trading skills and risk management abilities, as well as your ability to follow rules and manage your emotions.
Performance Targets
The performance targets for the evaluation program are set by Finotive Funding and are designed to ensure that you can trade profitably and manage risk effectively. In phase one, the profit target is set at 7.5% of the initial balance, and in phase two, it is reduced to 5.0%. This means that you need to generate a profit in the sum of closed positions on the assigned trading account within the given time frame.
At the end of each phase, all positions must be closed, and your performance will be evaluated based on the profit target and other criteria. If you meet the targets and pass the evaluation, you will be given access to funding and can start trading with real money. If you fail to meet the targets, you can retake the evaluation program by paying the fee again.
It is important to note that the evaluation program is not a guarantee of success, and trading involves risks. The program is designed to help you develop your trading skills and gain access to funding, but it is up to you to manage your risk and make profitable trades.
Profit Splits and Payouts
When it comes to profit splits and payouts, Finotive Funding offers different options depending on the account type and trader’s performance. For Standard Instant Funding accounts, the profit split is set at 55%, while Aggressive Instant Funding accounts have a profit split of 60%. However, it’s important to note that these percentages may differ if the trader has scaled their account to a phase that offers an increased profit split.
In terms of payouts, Finotive Funding covers all transaction fees, but it’s worth noting that any payout requests under $25 will be rejected. Additionally, payouts are only available after a trader has met the profit target, which is 7.5% of the initial balance for Phase 1 and 5.0% for Phase 2. The profit target means that a trader must reach a profit in the sum of closed positions on the assigned trading account in the Finotive Funding Challenge, and all positions must be closed by the end of the trading period.
It’s important to keep in mind that while profit splits and payouts are important factors to consider, they should not be the sole determining factor when choosing a funding provider. Other factors, such as trading conditions, support, and transparency, should also be taken into account.
Trading Instruments and Leverage
When it comes to trading instruments, Finotive Funding offers a variety of options, including forex pairs, cryptocurrencies, commodities, and indices. Each of these instruments has its own unique characteristics and trading conditions, so it’s important to understand them before making any trades.
Forex Pairs
Forex, or foreign exchange, is the largest financial market in the world, and Finotive Funding offers a wide range of forex pairs to trade. Some of the most popular pairs include EUR/USD, GBP/USD, and USD/JPY. The leverage available for forex trading with Finotive Funding is up to 1:500.
Cryptocurrencies
Cryptocurrencies have become increasingly popular in recent years, and Finotive Funding offers trading in a number of different cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. The leverage available for cryptocurrency trading with Finotive Funding is up to 1:10.
Commodities
Commodities are physical goods that can be traded, such as gold, silver, and oil. Finotive Funding offers trading in a variety of different commodities, with leverage up to 1:100.
Indices
Indices are a measure of the performance of a group of stocks, and Finotive Funding offers trading in a number of different indices, including the S&P 500, NASDAQ 100, and Dow Jones Industrial Average. The leverage available for index trading with Finotive Funding is up to 1:100.
Overall, Finotive Funding offers a diverse range of trading instruments with competitive leverage options. It’s important to carefully consider the risks and rewards of each instrument before making any trades.
Risk Management and Drawdowns
When it comes to trading, risk management is crucial to ensure long-term success. Finotive Funding understands this and has implemented strict risk parameters to protect its capital and help its traders succeed. As a trader with Finotive Funding, it is important to abide by these rules to avoid violating any terms and conditions.
Daily Drawdown
One of the risk parameters that must not be violated is daily drawdown. This refers to the maximum amount of loss that can be incurred in a single trading day. Finotive Funding sets this limit at 5% of the account balance. If you reach this limit, you will be restricted from trading for the remainder of the day. This is to prevent you from making impulsive decisions and risking more than you can afford to lose.
Equity Drawdown
Another important risk parameter is equity drawdown. This refers to the maximum amount of loss that can be incurred from peak equity. Finotive Funding sets this limit at 10% of the account balance. If you reach this limit, you will be evaluated to determine if you are still eligible to continue trading. This is to prevent you from losing more than you can afford to lose and protect the capital of Finotive Funding.
It is important to note that violating these risk parameters can result in the termination of your trading account with Finotive Funding. Therefore, it is crucial to implement proper risk management strategies and avoid reckless trading.
In addition to these risk parameters, it is important to monitor your maximum loss. This refers to the maximum amount of loss that you are willing to incur in a single trade. It is advised not to risk more than you can afford to lose, as trading in financial markets is a high-risk activity.
Overall, Finotive Funding takes risk management seriously and has implemented strict parameters to protect its capital and help its traders succeed. By abiding by these rules and implementing proper risk management strategies, you can increase your chances of long-term success in trading.
Customer Support and User Experience
When it comes to customer support, Finotive Funding offers a variety of options to ensure that its users receive the assistance they need.
Live Chat
One important feature is the Live Chat support, which allows you to receive real-time assistance from a support representative. This is an excellent way to get quick answers to any questions you may have about the platform or your account. The Live Chat is available 24/7, so you can contact support at any time.
Dashboard
Another great feature is the user-friendly dashboard. The dashboard is easy to navigate and provides you with all the necessary information about your account. You can view your trading history, account balance, and open positions all in one place. You can also access educational materials and trading tools from the dashboard.
Overall, Finotive Funding provides a positive user experience with its customer support and dashboard features. The Live Chat support is a great way to receive quick assistance, while the dashboard provides a convenient way to manage your account.
Fees and Commissions
When it comes to Finotive Funding, there are various fees and commissions that you should be aware of. The fees for Finotive Funding accounts vary based on the option you select, the amount of initial capital, and the account type.
There is a one-time upfront fee that is non-recurring. The trading capital required varies depending on the account type and the amount of initial capital. For example, if you want to open a $2,500 account, the trading capital required is $60. If you are interested in a $5,000 account, the trading capital required is $90. For a $10,000 account, the trading capital required is $120. For a $25,000 account, the trading capital required is $180, and for a $50,000 account, the trading capital required is $300.
It is important to note that Finotive Funding Kft does not provide any of the investment services listed in the Capital Market Undertakings Act No. 256/2004 Coll. Trading platforms are available for clients to use, but the company does not provide investment advice or any other related services.
Overall, the fees and commissions associated with Finotive Funding are reasonable and competitive compared to other investment firms. However, it is important to carefully review the terms and conditions before opening an account to ensure that you are aware of all fees and commissions.
Reviews and Trustpilot Ratings
When it comes to evaluating the reputation of a company, it is always a good idea to check customer reviews and ratings. Finotive Funding has a profile on Trustpilot, a popular review platform where customers can share their experiences and rate the company’s services.
Currently, Finotive Funding has a Trustpilot rating of 4.3 out of 5 stars, which is considered a “Great” rating. The company has received mostly positive reviews from its customers, with many praising the company’s customer service, user-friendly platform, and competitive rates.
One customer wrote, “I have been using Finotive Funding for a few months now, and I have been very impressed with their platform and customer service. They have competitive rates, and their team is always available to answer any questions I have.”
Another customer commented, “I was hesitant to try a new platform for trading, but Finotive Funding exceeded my expectations. Their platform is easy to use, and their rates are very competitive. I have recommended them to my friends and family.”
While most of the reviews are positive, there are a few negative reviews as well. Some customers have complained about technical issues with the platform or delays in withdrawals. However, it is important to note that these negative reviews are in the minority and that Finotive Funding has responded to each review, showing that they are committed to addressing customer concerns and improving their services.
Overall, Finotive Funding has a solid reputation on Trustpilot, with mostly positive reviews and a high rating. If you are considering using their services, it is recommended that you read through the reviews and ratings to get a better understanding of what to expect.
Comparisons with Competitors
When it comes to proprietary trading firms, there are several competitors of Finotive Funding that you may want to consider. Here is a brief comparison between Finotive Funding and some of its competitors:
Jane Street
Jane Street is a well-known proprietary trading firm that has been around for over 20 years. They are known for their quantitative trading strategies and their focus on technology. While Jane Street has a larger team and more resources than Finotive Funding, it also has a more selective hiring process. This means that their traders tend to be highly skilled and experienced, but it also means that it may be more difficult to get hired at Jane Street than at Finotive Funding.
Optiver
Optiver is another well-known proprietary trading firm that has been around for over 30 years. They are known for their market-making and arbitrage strategies. Like Jane Street, Optiver has a larger team and more resources than Finotive Funding. However, they also have a more global presence, with offices in Amsterdam, Chicago, Sydney, and Shanghai. This may be an advantage for traders who are interested in working in different locations.
DRW Trading
DRW Trading is a proprietary trading firm that has been around for over 25 years. They are known for their quantitative trading strategies and their focus on technology. Like Finotive Funding, DRW Trading is headquartered in Chicago. However, they have a larger team and more resources than Finotive Funding. They also have a more diverse range of trading strategies, which may be an advantage for traders who are interested in working on different types of trades.
Overall, while Finotive Funding may not have the same level of resources or global presence as some of its competitors, it does offer a unique opportunity for traders who are interested in working with a smaller team and a more focused approach to trading.
Regulation and Security
When it comes to choosing a trading platform, one of the most important things to consider is regulation. Finotive Funding is under the umbrella of Finotive Funding Kft., which is a proprietary trading firm and does not provide investment services, investment advice, brokerage accounts, or accept capital deposits. As such, it is not subject to the same regulatory requirements as traditional brokers.
However, Finotive Funding Kft. is registered in Hungary and operates under Hungarian law. The company registration number is 01-09-384153, and the tax number is 29227091-2-41. While this may not provide the same level of protection as regulations from more established financial authorities, it does offer some level of oversight and transparency.
In terms of security, Finotive Funding does not accept deposits and is not a broker, so there is no need to worry about the security of your funds. However, it is important to note that the trading platform used by Finotive Funding may not be compatible with all devices, programs, or add-ons. The company provides no warranty as to the compatibility of the Services with any specific equipment or software.
While there have been no reports of scams or fraudulent activities associated with Finotive Funding, it is always important to exercise caution when dealing with any online trading platform. It is recommended that you do your own research and due diligence before investing any money, and never invest more than you can afford to lose.
Conclusion
In conclusion, Finotive Funding Kft. is a proprietary trading firm that offers services to clients who are interested in trading. The company does not provide investment services, investment advice, brokerage accounts, or accept capital deposits.
If you are looking for a trading firm that offers a wide range of investment services, Finotive Funding may not be the right fit for you. However, if you are interested in proprietary trading and have experience in this area, Finotive Funding may be a good option to explore.
Overall, it is important to carefully consider your investment goals and needs before choosing a trading firm. It is recommended that you do your own research and due diligence to ensure that you choose a firm that is reputable and meets your specific needs.