12. Finotive Funding

Finotive Funding, established by Oliver Newland, that has identified the predominant hurdle for individuals who want to become full-time traders. Newland's goal is to develop a method that allows investors to grow their capital and achieve substantial returns.

The primary goal of Finotive Funding is to provide traders with an expedited evaluation process and an accelerated capital growth strategy, resulting in significantly higher monthly returns.

At Finotive Funding, traders are motivated to excel in their careers. The primary expectation from clients is that they demonstrate discipline and possess effective risk management skills. By efficiently managing account sizes ranging up to $200,000, which can be further scaled up to a total of $11,410,000, traders have the opportunity to earn profit splits ranging from 75% to 95%. This can be achieved by engaging in trading activities involving Forex pairs, commodities, indices, and cryptocurrencies!

Who are Finotive Funding?

Oliver Newland established Finotive Funding as a proprietary firm on April 23, 2021 The company has its headquarters situated in Budapest, Hungary. Traders have the opportunity to operate with a balance of $11,410,000 with profit splits ranging from 75% to 95%.

Who is the CEO of Finotive Funding?

Oliver Newland is the CEO of Finotive Funding.

Funding program options

There are various funding program options available through Finotive Funding for traders to consider.

These include:

• Two-step evaluation program accounts

• Instant funding program accounts

• 1.Standard instant funding program accounts

• 2.Aggressive instant funding program accounts

• One-step evaluation program accounts

Two-step evaluation program accounts

The primary objective of Finotive Funding's two-step evaluation program account is to identify dedicated and skilled traders, providing them with incentives based on their consistent performance during the two-phase evaluation period. This evaluation program account offers trading opportunities with leverage ranging from 1:100 to 1:400, depending on the chosen account size.

In the first phase of evaluation, traders are required to achieve a profit target of 7.5% while ensuring that their maximum daily loss does not exceed 5% and their maximum overall loss does not surpass 10%. There are no specific time limitations in terms of minimum or maximum trading days during this phase. To advance to the second phase, traders only need to reach the 7.5% profit target without violating the maximum daily or maximum loss rules.

The second phase of evaluation necessitates traders to reach a profit target of 5% while adhering to the 5% maximum daily loss and 10% maximum loss rules. Similar to the first phase, there are no specific time restrictions in terms of trading days.

Upon successful completion of both evaluation phases, traders are granted a funded account where no profit targets are imposed. The only requirements are to maintain the 5% maximum daily loss and 10% maximum loss rules. The first payout is scheduled two calendar days after the placement of the first position on the funded account. Subsequent payouts will be on a weekly basis after the initial payout. The profit split ranges from 75% to 95% based on the profits generated in the funded account.

Two-step evaluation program account scaling plan

The scaling phases of funded challenge accounts are outlined in the spreadsheet below, wherein a specific profit target must be achieved based on the respective phase. Additionally, Two-step evaluation program accounts incorporate a scaling plan.

The spreadsheet shows the scaling plan for the accounts in the two-stage evaluation funding programme. To qualify for scaling of your account, you simply need to reach the profit target that applies to your current phase of the two-step evaluation funding account. Once you have reached the profit target, you're eligible to scale your account. However, it's important to note that you'll not be able to withdraw your winnings if you choose to scale your account.

Let's look at an example. Let's say your account has a balance of $100,000 and the profit target for your account phase is 8%. In the first week you make a profit of 7% and in the second week you make another 6%. Consequently, your total profit reaches 13% and exceeds the profit target of 8%. In this case, you have the option to withdraw the excess 5% profit before continuing with account scaling. After withdrawing the 5% profit, you can request to scale your account with the remaining 8% profit required for scaling.

Trading instruments available for accounts in the two-tier valuation programme include forex pairs, commodities, indices and cryptocurrencies.

Two-step evaluation program account rules

• Profit target represents a specific percentage of profit that traders need to achieve before they can complete an evaluation phase, withdraw profits, or scale their account. For phase 1, the profit target is set at 7.5%, while phase 2 has a profit target of 5%. However, funded accounts do not have profit targets.

• Maximum daily loss refers to the maximum amount of loss traders can incur within a single day before their account is violated. Regardless of the account size, all traders have a maximum daily loss limit of 5%.

• The maximum loss represents the maximum overall loss traders can reach before their account is violated. Again, irrespective of the account size, all traders have a maximum loss limit of 10%.

• Having a "no gambling mentality" means traders are prohibited from trading with a mindset of "all-or-nothing." Violating this rule can lead to various consequences, such as preventing progress from evaluation to funded status, refusal to allow profit withdrawals, or refusal to scale a funded account. The following situations are considered signs of gambling or reckless trading:

• Risking 100% or more of the maximum loss limits in open trades. For example, if a trader's maximum daily loss is 5%, having open trades totaling 5% or more risk would be a violation.

• Risking 50% or more of the maximum loss limits in a single trade or across multiple trades on the same trading instrument. For instance, if a trader's maximum daily loss is 5%, risking 2.5% or more on a single position or across multiple trades would be considered a violation.

• Engaging in constant trading without setting stop-loss orders. While the occasional trade without a stop-loss order is permissible, repeatedly failing to use stop-loss orders and engaging in high-volume unprotected trading raises concerns. This is because network and hardware issues can occur unexpectedly, and it is beneficial for both parties if traders aim to use stop-loss orders at all times.*

• The third-party copy trading risk arises when traders intend to use copy trading services. It's important to note that by utilizing a third-party copy trading service, there may already be other traders using the same trading strategy. Engaging in such services may potentially jeopardize a trader's chances of obtaining a funded account or withdrawal if they exceed the maximum capital allocation rule.

• Similarly, the third-party EA risk occurs when traders plan to use an EA (Expert Advisor) provided by a third party. As with copy trading, there may be other traders using the exact same trading strategy with the third-party EA. Using such EAs can potentially lead to denial of a funded account or withdrawal if the maximum capital allocation rule is exceeded.

Instant funding program accounts

Standard instant funding program accounts

With Finotive Funding's standard instant funding program account, traders have the advantage of bypassing the evaluation phase entirely and commencing earning immediately. The key focus should be on adhering to the 5% maximum daily and 8% maximum loss rules. Profit splits ranging from 55% to 75% are awarded based on the trading profits achieved, while utilizing 1:100 leverage.

Standard instant funding program account scaling plan

The standard instant funding program accounts at Finotive Funding also incorporate a scaling plan, which is outlined in the provided spreadsheet. In order to qualify for account scaling, the sole requirement is to achieve the profit target specific to your instant funding account phase. Once you reach your profit target, you become eligible to scale your account. It's important to note that if you choose to scale your account, the profits associated with scaling will not be available for withdrawal.

For instance, let's consider an example:

Suppose you have a $100,000 account with a profit target of 8%. During Week 1, you generate a gain of 5%. In Week 2, you achieve a gain of 7%. Your total profits have now reached 12%, surpassing the 8% profit target. As a result, you qualify for a scale-up since you have met the required 8% profit target. However, you have generated an additional 4% profit. In this case, you can first withdraw the 4% profit, and subsequently, request to scale your account with the remaining 8% profit as per the requirement.

The standard instant funding program accounts allow trading across various instruments, including forex pairs, commodities, indices, and cryptocurrencies.

Standard instant funding program account rules:

• Maximum daily loss: This refers to the maximum loss a trader can incur on a daily basis before the account is considered violated. For all account sizes, the maximum daily loss is set at 5%.

• Maximum loss: This represents the maximum overall loss a trader can reach before the account is violated. Regardless of the account size, the maximum loss is capped at 8%.

• Maximum trading days: This denotes the maximum duration within which traders are required to achieve a specific profit target or withdrawal target. Standard instant funding program accounts have a maximum trading day period of 90 days.

• No "gambling mentality": Traders are prohibited from engaging in trading activities based on an "all-or-nothing" mindset. Violation of this rule can result in hindering progress from evaluation to funded status, refusal to provide profit withdrawals, or refusal to scale the funded account.

• Gambling or reckless trading behavior includes: Risking 100% or more of the maximum loss limits in open trades, such as having open trades totaling 5% risk when the maximum daily loss is 5%. Risking 50% or more of the maximum loss limits in a single trade or across multiple trades on the same trading instrument, such as risking 2.5% on a single position when the maximum daily loss is 5%. Constantly trading without setting stop-loss levels. While occasional trades without stop-loss may be acceptable, repeatedly trading without stop-losses and engaging in high unprotected trade volume raises concerns. It is advised for traders to use stop-loss orders at all times to mitigate risk.

• Third-party copy trading risk: Traders should be aware that if they utilize third-party copy trading services, there may be other traders employing the same trading strategy through the service. Using such services can potentially result in denial of a funded account or withdrawal if the trader exceeds the maximum capital allocation rule.

• Third-party EA risk: Traders should consider the fact that by utilizing a third-party Expert Advisor (EA), there might be other traders employing the same trading strategy through the EA. Using third-party EAs can potentially lead to denial of a funded account or withdrawal if the trader exceeds the maximum capital allocation rule.

Aggressive instant funding program accounts

Finotive Funding offers an aggressive instant funding program account, providing traders the opportunity to bypass the evaluation process and begin earning immediately. The key focus should be on adhering to the 10% maximum daily and 16% maximum loss rules. Based on the trading profits achieved while utilizing 1:100 leverage, traders can earn profit splits ranging from 60% to 75%.

Aggressive instant funding program account scaling plan

The aggressive instant funding program accounts offered by Finotive Funding also include a scaling plan, which can be viewed in the provided spreadsheet. To qualify for scaling your account, the only requirement is to reach the profit target specific to your instant funding account phase. Once you achieve your profit target, you become eligible to scale your account. However, it is important to note that if you choose to scale your account, the profits associated with scaling will not be available for withdrawal.

For example:

Suppose you have a $100,000 account with a profit target of 16%. During Week 1, you generate a gain of 8%. In Week 2, you achieve a gain of 14%. Your total profits have now reached 22%, exceeding the 16% profit target. This makes you eligible for a scale-up since you have met the required 8% profit target. However, as you have generated an additional 6% profit, you can first withdraw the 6% profit. Afterward, you can request to scale your account with the remaining 16% profit required for scaling.

Trading instruments available for the aggressive instant funding program accounts include forex pairs, commodities, indices, and cryptocurrencies.

Aggressive instant funding program account rules:

• Maximum daily loss: This refers to the maximum loss a trader can incur on a daily basis before the account is considered violated. For all account sizes, the maximum daily loss is set at 10%.

• Maximum loss: This represents the maximum overall loss a trader can reach before the account is considered violated. Regardless of the account size, the maximum loss is capped at 16%.

• Maximum trading days: This indicates the maximum duration within which traders are required to achieve a specific profit target or withdrawal target. Aggressive instant funding program accounts have a maximum trading day period of 90 days.

• No "gambling mentality": Traders are not allowed to engage in trading activities based on an "all-or-nothing" mindset. Violation of this rule can result in impeding progress from evaluation to funded status, refusal to provide profit withdrawals, or refusal to scale the funded account. Situations that indicate gambling or reckless trading include:

• Risking 100% or more of the maximum loss limits in open trades, such as having open trades totaling 5% risk when the trader's maximum daily loss is 5%.

• Risking 50% or more of the maximum loss limits in a single trade or across multiple trades on the same trading instrument, such as risking 2.5% on a single position when the trader's maximum daily loss is 5%.

• Consistently trading without setting stop-loss levels. While occasional trades without stop-losses may be acceptable, repeatedly trading without stop-losses and engaging in high unprotected trade volume raises significant concerns. It is advised for traders to use stop-loss orders at all times to mitigate risk.*

• Third-party copy trading risk: Traders should be aware that if they intend to use copy trading services, using a third-party copy trading service may involve other traders already employing the exact same trading strategy. By utilizing a third-party copy trading service, there is a potential risk of being denied a funded account or withdrawal if the trader exceeds the maximum capital allocation rule.

• Third-party EA risk: Traders should consider that by utilizing a third-party Expert Advisor (EA), there may be other traders already employing the same trading strategy through the EA. Utilizing a third-party EA can potentially result in denial of a funded account or withdrawal if the trader exceeds the maximum capital allocation rule.

One-step evaluation program accounts

Their one-step evaluation program account is designed to recognize dedicated and skilled traders who demonstrate consistency during the evaluation phase. Traders are rewarded for their commitment and performance within this single evaluation period. The evaluation program account offers leverage options ranging from 1:100 up to 1:400, depending on the chosen account size.

To progress through the evaluation phase, traders must achieve a profit target of 10% while ensuring they do not exceed the maximum daily loss of 4% or the maximum loss of 7.5%. There are no specific requirements regarding the minimum or maximum number of trading days for the evaluation account. The sole requirement to qualify for funding is successfully reaching the profit target.

Upon successfully completing the evaluation phase, traders receive a funded account that does not impose profit targets. The only rules to follow are the maximum daily loss of 4% and the maximum loss of 7.5%. The first payout is scheduled for two calendar days after the first position is placed on the funded account. It's important to note that subsequent payouts will be issued on a weekly basis. The profit split for the funded account ranges from 75% to 95%, depending on the profits generated.

One-step evaluation program account scaling plan

The one-step evaluation program accounts also feature a scaling plan. Traders are expected to achieve a designated profit target, which varies depending on the specific scaling phase of their funded account. The spreadsheet showcasing the scaling phases for funded challenge accounts can be found below.

The one-step evaluation funding program accounts are equipped with a scaling plan, which can be referenced in the provided spreadsheet. To qualify for scaling your account, the sole requirement is to achieve the profit target specific to your one-step evaluation funding account phase. Once you reach your profit target, you become eligible to scale your account. However, it's important to note that if you decide to scale your account, you will not be able to withdraw the profits associated with scaling.

For example:

Suppose you have a $100,000 account with a profit target of 8%. During Week 1, you generate a gain of 5%. In Week 2, you achieve a gain of 7%. Your total profits have now reached 12%, surpassing the 8% profit target. This makes you eligible for a scale-up since you have met the required 8% profit target. However, as you have generated an additional 4% profit, you can first withdraw the 4% profit. Afterwards, you can request to scale your account with the remaining 8% profit necessary for scaling.

One-step evaluation program account rules

• The profit target represents a specific percentage of profit that traders must achieve to complete an evaluation phase, withdraw profits, or scale their account. In this case, the profit target is set at 10%. Once traders obtain funded accounts, there are no specific profit targets to meet.

• Maximum daily loss refers to the highest allowable loss traders can incur on a daily basis before the account is considered in violation. All account sizes have a maximum daily loss limit of 4%.

• Maximum loss represents the maximum overall loss traders can reach before the account is violated. For all account sizes, the maximum loss limit is set at 7.5%.

• The concept of "no gambling mentality" emphasizes that traders should not engage in trading with an "all-or-nothing" mindset. Violating this rule may impede progress from evaluation to funded status, result in refusal to withdraw profits, or hinder scaling of the funded account. Examples of gambling or reckless trading behavior include:

• Risking 100% or more of the maximum loss limits in open trades, such as having open trades totaling 5% risk when the trader's maximum daily loss is 5%.

• Risking 50% or more of the maximum loss limits in a single trade or across multiple trades on the same trading instrument, such as risking 2.5% on a single position when the trader's maximum daily loss is 5%.*

• Engaging in frequent trading without setting stop-loss orders. While occasional trades without stop-losses may be acceptable, consistently trading without stop-losses and conducting high-volume trades without protection raises significant concerns. It is beneficial for both parties if traders aim to utilize stop-loss orders at all times, as the timing of network and hardware issues cannot be predicted.

• When using third-party copy trading services, there is a risk of employing the exact same trading strategy as other traders who already use the service. Utilizing third-party copy trading services may result in denial of a funded account or withdrawal if traders exceed the maximum capital allocation rule.

• Similarly, when using a third-party Expert Advisor (EA), it is important to consider the possibility of other traders already using the same trading strategy through the EA. Employing a third-party EA carries the risk of being denied a funded account or withdrawal if traders exceed the maximum capital allocation rule.

Trading instruments available for the one-step evaluation program accounts encompass forex pairs, commodities, indices, and cryptocurrencies.

What makes Finotive Funding different from other prop firms?

Finotive Funding offering three distinct funding programs: the Two-step evaluation, instant funding, and one-step evaluation programs. Notably, they have minimal restrictions on trading styles, allowing traders to engage in activities such as trading during news events, holding trades overnight, and even trading over weekends.

In Finotive Funding's two-step evaluation program, traders must successfully complete two phases to become eligible for payouts. In phase one, the profit target is set at 7.5%, while in phase two, it reduces to 5%. Traders are subjected to maximum daily loss and maximum loss rules of 5% and 10% respectively. It's worth noting that there are no minimum or maximum trading day requirements during both evaluation stages. Furthermore, the evaluation programs include a scaling plan. In comparison to other leading prop firms in the industry, Finotive Funding sets relatively lower profit targets and does not impose any time limitations.

For instance, let's consider a comparison between Finotive Funding and FTMO:

Finotive Funding stands out by providing instant funding programs alongside its other offerings. Traders can opt for either the standard or aggressive instant funding programs, each imposing specific limitations. Standard accounts have a maximum daily loss and maximum loss rule of 5% and 8% respectively, while aggressive accounts have a maximum daily loss of 10% and a maximum loss rule of 16%. Notably, there are no profit target requirements to qualify for weekly profit splits ranging from 55% to 75%. It's important to note that instant funding programs also incorporate a scaling plan.

Furthermore, Finotive Funding offers a one-step evaluation program as part of its funding options. Traders need to complete a single phase in this program to become eligible for payouts. The evaluation phase sets a profit target of 10%, with a maximum daily loss and maximum loss rule of 4% and 7.5% respectively. Similar to the other programs, there are no specific requirements for minimum or maximum trading days during the evaluation stage. Additionally, the evaluation programs come with a scaling plan. In comparison to other leading prop firms in the industry, Finotive Funding has relatively higher maximum loss rules and does not impose any time limitations.

Is getting Finotive Funding capital realistic?

Do not forget, when assessing prop firms that align with your forex trading style, it is crucial to evaluate the feasibility of their trading requirements. For instance, a prop firm may appear attractive by offering a high percentage profit split on a well-funded account. However, if they expect substantial monthly gains accompanied by minimal drawdowns, your chances of success may be nearly impossible.

Obtaining capital through the two-step evaluation programs is generally realistic due to their relatively modest profit targets of 7.5% in phase one and 5% in phase two. These programs also feature reasonable maximum loss rules, with a 5% daily maximum and a 10% maximum loss overall.

Similarly, capital acquisition from instant funding programs is realistic since they are direct funding programs that allow you to start earning immediately. There are no profit target requirements to be eligible for weekly withdrawal requests.

Receiving capital through one-step evaluation programs is mostly realistic as well, as they entail an average profit target of 10% and slightly above-average maximum loss rules of 4% per day and a 7.5% maximum loss overall.

Payment proof

Established on April 23, 2021, Finotive Funding was founded by Oliver Newland. Once you successfully complete either the two-stage evaluation or the one-stage evaluation, or if you prefer instant funding and start earning right away, you become eligible for payouts. Evidence of these payouts can be found on Finotive Funding's Instagram account under the Payouts section.

Which broker does Finotive Funding use?

Finotive Funding operates with Finotive Markets.

MetaTrader 5 trading platforms is permitted for use at Finotive Funding.

Trading instruments

At Finotive Funding, clients have the opportunity to trade various instruments, including forex pairs, commodities, indices, and cryptocurrencies.

Trading fees

Trading commission:

Education & Support for traders

The website of Finotive Funding does not offer any educational resources or content for its users.

Trader’s Comments about Finotive Funding

Trustpilot hosts a diverse range of community members who have provided positive feedback for Finotive Funding, resulting in a commendable score of 4.3/5

Social media

They can be found on social media, Facebook and Instagram

Support

Finotive Funding's support team can be reached through their social media channels or via direct email at info@finotivefunding.com. Additionally, they offer a live chat support feature on their website, where you can easily contact them for prompt assistance and the information you require.

Registration process

To initiate the registration process with Finotive Funding, you need to follow these steps:

1. Create an account by signing up.
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

Summary

In summary, Finotive Funding is a legitimate proprietary trading firm that provides traders with three distinct funding programs: Two-step evaluation, instant funding, and one-step evaluation. These programs offer realistic trading objectives and the opportunity to earn profit splits while allowing for account scaling.

The two-step evaluation programs involve a two-phase evaluation challenge, where traders must complete both phases to become funded. Profit targets of 7.5% in phase one and 5% in phase two are set, accompanied by maximum daily and maximum loss rules of 5% and 10% respectively. Traders can earn profit splits of up to 95% and have the flexibility to scale their accounts.

Instant funding programs, on the other hand, allow traders to bypass the evaluation period and start trading a funded account immediately. There is a maximum trading day period of 90 days for all instant funding program accounts. Profit splits range from 55% to 75%, and account scaling is also possible.

Similarly, the one-step evaluation program requires the completion of a single phase, with a profit target of 10%. Maximum daily and maximum loss rules are set at 4% and 7.5% respectively. Traders can earn profit splits of up to 95% and have the option to scale their accounts.