Review
Finotive Funding
"Empowering Growth: Finotive Funding - Unleashing Financial Potential”
"Empowering Retail Traders Globally: Finotive Funding - Overcoming Capital Barriers, Unlocking Trading Potential, and Maximizing Returns"
Finotive Funding, led by Oliver Newland, acknowledges that accessing capital is a common obstacle for individuals aspiring to become full-time traders. The company’s primary goal is to establish a systematic approach that empowers retail traders worldwide to increase their capital and attain significant profits.
With a focus on streamlining the evaluation process and promoting capital growth, Finotive Funding aims to offer retail traders a way to expedite their progress and achieve greatly improved monthly returns.
At Finotive Funding, traders are encouraged to excel in their professional pursuits. The key requirement for clients is to demonstrate discipline and effective risk management. Traders have the opportunity to generate substantial profits by skillfully managing accounts ranging from $200,000, with the potential to scale up to a cumulative total of $11,410,000. Additionally, they are eligible to receive profit shares ranging from 75% to 95%. These financial gains can be realized through trading various instruments, including Forex pairs, commodities, indices, and cryptocurrencies.
Who are Finotive Funding
Finotive Funding, under the leadership of Oliver Newland, recognizes the common challenge individuals face when aspiring to become full-time traders, which is accessing the necessary capital. The primary objective of the company is to establish a systematic approach that empowers retail traders worldwide, enabling them to increase their capital and achieve significant profits.
With a strong focus on simplifying the evaluation process and fostering capital growth, Finotive Funding seeks to provide retail traders with a means to expedite their progress and attain greatly improved monthly returns.
At Finotive Funding, traders are motivated to excel in their professional pursuits. The primary requirement for clients is to demonstrate discipline and effective risk management. Traders have the opportunity to generate substantial profits by adeptly managing accounts starting from $200,000, with the potential to scale up to a cumulative total of $11,410,000. Additionally, they are eligible to receive profit shares ranging from 75% to 95%. These financial gains can be achieved by trading a variety of instruments, including Forex pairs, commodities, indices, and cryptocurrencies.
Funding Options
Finotive Funding offers its traders three different funding programs to choose from:
Two-step evaluation program accounts
- Instant funding program accounts
- Standard instant funding program accounts
- Aggressive instant funding program accounts
One-step evaluation program accounts
Two-step evaluation program account
Finotive Funding’s two-stage assessment program account is designed to identify and reward skilled and consistent traders. This program allows for leveraged trading at ratios ranging from 1:100 to 1:400, depending on your chosen account size.
The initial evaluation phase requires traders to achieve a 7.5% profit target while adhering to the set rules of not exceeding a maximum daily loss of 5% or a maximum loss of 10%. There are no specific requirements regarding the number of trading days in this phase. To advance to the second phase, traders must achieve the 7.5% profit target without violating the maximum daily or maximum loss limits.
In the second evaluation phase, traders must attain a 5% profit target while following the 5% maximum daily loss and 10% maximum loss rules. Similar to the first phase, there are no restrictions on the number of trading days. To qualify for a funded account, traders need to reach the 5% profit target without violating the maximum daily or maximum loss limits.
Upon successful completion of both evaluation phases, traders are granted a funded account with no specific profit targets. The only requirement is to adhere to the 5% maximum daily loss and 10% maximum loss rules. The initial payout is scheduled two calendar days after the trader initiates their first position in the funded account, followed by subsequent payouts on a weekly basis. The profit split percentage ranges from 75% to 95% based on the trader’s profitability in the funded account.
The two-stage evaluation program also includes an account scaling plan. To qualify for account scaling, traders need to achieve a specific profit target that varies depending on the phase of funded account scaling. For more details on the scaling phases, please refer to the provided spreadsheet.
It’s important to note that scaling your account will result in the inability 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 two-step evaluation program accounts are forex pairs, commodities, indices, and cryptocurrencies.
Two-step evaluation program account rules
- The profit target refers to a specific percentage of profit that must be achieved by a trader before they can successfully complete an evaluation phase, withdraw their profits, or scale their account. In phase 1, the profit target is set at 7.5%, while in phase 2, it is reduced to 5%. Funded accounts do not have profit targets.
- Maximum daily loss is the maximum amount of loss that a trader is allowed to incur on a daily basis before their account is considered in violation. For all account sizes, the maximum daily loss is limited to 5%.
- Maximum loss represents the maximum amount of overall loss that a trader can reach before their account is considered in violation. Regardless of the account size, the maximum loss is capped at 10%.
- The “no gambling mentality” policy prohibits traders from engaging in an “all-or-nothing” mindset when making trades. Failure to comply with this rule can result in various consequences, such as hindering progress from the evaluation phase to funded status, denial of profit withdrawals, or refusal to scale the funded account. The following situations are considered signs of gambling or reckless trading:
- 1) Risking 100% or more of the maximum loss limits in open trades, for
- example, having open trades totaling 5% risk when the trader’s maximum daily loss is 5%.
- 2) Risking 50% or more of the maximum loss limits in a single trade or across multiple trades on the same trading instrument, for instance, risking 2.5% on a single position when the trader’s maximum daily loss is 5%.
- Maintaining a consistent practice of trading without implementing set stop-losses is discouraged. While occasional trades without stop-losses may be acceptable, repeatedly neglecting to use stop-losses and engaging in a high volume of unprotected trades raises significant concerns. This is due to the unpredictability of network and hardware issues, making it mutually beneficial for both parties if the trader consistently employs a stop-loss strategy.
- When considering the use of third-party copy trading services, it is important to be aware that these services may involve other traders utilizing the exact same trading strategy. Therefore, there is a potential risk of being denied a funded account or profit withdrawal if the maximum capital allocation rule is exceeded.
- Similarly, when utilizing a third-party EA (Expert Advisor), it is crucial to recognize that other traders may already be using the same trading strategy. As a result, there is a potential risk of being denied a funded account or profit withdrawal if the maximum capital allocation rule is exceeded
Instant funding program account
1. Standard instant funding program accounts
The Finotive Funding program presents traders with the chance to access immediate funding without going through the evaluation procedure, enabling them to commence earning profits right away. It is crucial to adhere to the daily maximum loss threshold of 5% and the total maximum loss limit of 8%. Traders can receive profit sharing percentages between 55% and 75% based on their trading performance, all while utilizing a leverage ratio of 1:100.
Scaling Scheme for Regular Instant Funding Program Accounts
The instant funding program provides standard accounts with a scaling scheme delineated in the accompanying spreadsheet. To be eligible for scaling your account, you must meet the profit target corresponding to your specific phase within the instant funding program. Once you attain the profit target, you become qualified to scale your account. It’s essential to be aware that scaling your account will impose limitations on your ability to withdraw the profits earned during this process.
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 standard instant funding program accounts are forex pairs, commodities, indices, and cryptocurrencies.
Standard instant funding program account rules
- The standard instant funding program includes a scaling plan that outlines specific parameters. One such parameter is the maximum daily loss, which represents the maximum allowable loss a trader can incur within a single day before violating the account’s rules. Regardless of the account size, the maximum daily loss is set at 5%.
- Furthermore, the program imposes a maximum loss limit, which represents the overall maximum loss a trader can reach before violating the account’s rules. This maximum loss limit is uniform across all account sizes and is set at 8%.
- In addition, the program defines the maximum trading days as the maximum duration within which a trader must achieve a specific profit target or withdrawal target. For the standard instant funding program, the maximum trading day period is set at 90 days.
- To ensure responsible trading practices, the program prohibits a “gambling mentality” approach, where traders engage in high-risk behaviors. Violation of this rule may lead to consequences such as the prevention of progression from evaluation to funded status, refusal to withdraw profits, or refusal to scale the funded account. Examples of gambling or reckless trading include risking more than 100% of the maximum daily loss limits in open trades or risking 50% or more of the maximum loss limits in a single trade or across multiple trades involving the same trading instrument.
- Additionally, it is advised that traders implement appropriate stop-loss measures while trading. Although the occasional trade without a stop-loss is acceptable, consistently neglecting to use stop-loss orders and engaging in a high volume of unprotected trades raises significant concerns. This is because unforeseen network and hardware issues cannot be predicted, and it is mutually beneficial for both parties if traders consistently utilize stop-loss orders.
- When considering the use of copy trading services provided by third parties, there is a risk of encountering other traders who are already employing the same trading strategy. Therefore, utilizing such services may result in being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
- Similarly, when utilizing third-party automated trading systems (EA), it is important to acknowledge that other traders may also be using the same trading strategy. Consequently, exceeding the maximum capital allocation rule while using a third-party EA can potentially lead to denial of a funded account or withdrawal.
- Aggressive instant funding program accounts
Finotive Funding offers a robust accelerated funding program, allowing traders to skip the assessment process and start generating profits right away. It’s crucial to follow the specified rules, especially ensuring that your daily gains do not surpass 10% and limiting losses to a maximum of 16%. As a trader with a 1:100 leverage, your profit share can range from 60% to 75% depending on your trading performance.
Aggressive Immediate Funding Program Account Growth Strategy The aggressive immediate funding program includes a growth strategy, as detailed in the provided spreadsheet. To qualify for increasing the size of your account, the sole requirement is to achieve the profit target set for your specific phase within the immediate funding account. Once you reach this profit target, you become eligible to grow your account. It’s important to note that scaling your account means you’ll need to forego the ability to withdraw profits earned through this growth process.
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 aggressive instant funding program accounts are forex pairs, commodities, indices, and cryptocurrencies.
Aggressive instant funding program account rules
- The maximum daily loss refers to the highest amount of loss that a trader can incur within a single day before their account is considered in violation. For all account sizes, the maximum allowable daily loss is set at 10%.
- The maximum loss denotes the highest cumulative loss that a trader can reach before their account is deemed in violation. Regardless of the account size, the maximum permissible loss is set at 16%.
- The maximum trading days represent the maximum duration within which a trader is required to achieve a specific profit target or withdrawal goal. Aggressive instant funding program accounts have a maximum trading period of 90 days.
- The absence of a “gambling mentality” implies that traders are prohibited from engaging in trades based on a mindset of “all-or-nothing.” Failure to adhere to this rule may result in various consequences, such as the inability to progress from evaluation to funded status, refusal to allow profit withdrawals, or refusal to scale the funded account. The following scenarios are considered indicators of gambling or reckless trading behavior:
- 1) Risking 100% or more of the maximum daily loss limit on open trades (e.g., if a trader’s maximum daily loss is 5%, having open trades totaling a 5% risk).
- 2) Risking 50% or more of the maximum daily loss limit on a single trade or across multiple trades involving the same trading instrument (e.g., risking 2.5% on a single position if the trader’s maximum daily loss is 5%).
- 3) Consistently trading without implementing stop-loss orders. While an occasional trade without a stop-loss is acceptable, the repeated absence of stop-loss usage and engaging in high-volume unprotected trades raises significant concerns. This is because network and hardware issues cannot be predicted, and it is mutually beneficial for both parties if traders aim to utilize stop-loss orders at all times.
- Third-party copy trading risk highlights the potential consequences when using copy trading services provided by external parties. By utilizing such services, there is a possibility that other traders have already adopted the exact same trading strategy. Consequently, utilizing third-party copy trading services may lead to denial of a funded account or withdrawal if it surpasses the maximum capital allocation rule.
- Third-party EA risk emphasizes the potential risks associated with using third-party EAs (Expert Advisors). When employing a third-party EA, it is important to consider the presence of other traders who may already be utilizing the same trading strategy. Consequently, utilizing third-party EAs may result in denial of a funded account or withdrawal if it exceeds the maximum capital allocation rule.
One-step evaluation program account
Finotive Funding’s single-phase evaluation program account is designed to identify and reward skilled traders who demonstrate consistent performance during the evaluation period. Depending on the account size you select, you can trade with leverage ranging from 1:100 to 1:400.
The maximum daily loss represents the highest allowable financial loss for a trader in a single day. During the evaluation phase, traders are expected to achieve a 10% profit target while adhering to restrictions on a maximum daily loss of 4% and a maximum overall loss of 7.5%. There are no specific requirements regarding the duration of trading days for the evaluation account. The sole condition for obtaining a funded account is meeting the profit target.
Upon successful completion of the evaluation phase, traders are granted a funded account, eliminating the need for profit targets. Nevertheless, they must still adhere to the 4% maximum daily loss and 7.5% maximum loss rules. The first payout occurs two calendar days after initiating the funded account, with subsequent payouts on a weekly basis. The profit split percentage ranges from 75% to 95% based on the profitability achieved in the funded account.
Furthermore, the single-phase evaluation program accounts include a scaling plan, which requires achieving a specific profit target tailored to the respective scaling phase for the funded account. To qualify for scaling your account, the sole requirement is reaching the profit target specified for your particular phase within the single-phase evaluation funding account. It’s important to note that scaling your account will result in the inability 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 one-step evaluation program accounts are forex pairs, commodities, indices, and cryptocurrencies.
One-step evaluation program account rules
- The profit target represents a specific profit percentage that traders must achieve in order to complete the evaluation phase, withdraw profits, or scale their account. It is set at 10% and does not apply to funded accounts.
- The maximum daily loss refers to the highest allowable loss a trader can incur within a single day before violating the account rules. For all account sizes, the maximum daily loss is capped at 4%.
- The maximum loss represents the maximum cumulative loss a trader can reach before violating the account rules. Across all account sizes, the maximum loss is limited to 7.5%.
- The “no gambling mentality” rule prohibits traders from engaging in “all-or-nothing” trading approaches. Violation of this rule can lead to consequences such as hindered progress from evaluation to funded status, refusal to allow profit withdrawals, or denial of scaling opportunities for funded accounts. Indicators of gambling or reckless trading include risking 100% or more of the maximum loss limits in open trades, risking 50% or more of the maximum loss limits in a single trade or across multiple trades on the same trading instrument, and consistently trading without implementing stop-loss orders. While an occasional trade without a stop-loss is acceptable, repeated failure to use stop-loss orders and engaging in high-volume unprotected trades raise significant concerns. It is in the best interest of both parties to employ stop-loss orders at all times due to the unpredictable nature of network and hardware issues.
- Third-party copy trading risk arises when utilizing copy trading services. Traders should be aware that using a third-party copy trading service may result in adopting the same trading strategy as other traders. This poses the risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
- Third-party EA risk arises when utilizing third-party EAs (Expert Advisors). Traders should be aware that using a third-party EA may involve adopting the exact trading strategy as other traders. This poses the risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
What makes Finotive Funding different
Finotive Funding sets itself apart from other prominent proprietary trading firms through its offering of three unique funding programs: the Two-step Evaluation, Instant Funding, and One-step Evaluation programs. What makes these programs stand out is the minimal restrictions they place on traders’ trading styles. Traders are free to engage in trading activities during news events, hold positions overnight, and even trade over weekends without hindrance.
Under the Two-step Evaluation program at Finotive Funding, traders go through two phases to qualify for payouts. The first phase involves achieving a 7.5% profit target, followed by a 5% profit target in the second phase. Throughout both phases, traders must adhere to maximum daily loss limits of 5% and maximum overall loss limits of 10%. Importantly, there are no specific requirements regarding the minimum or maximum number of trading days during these evaluation stages. Additionally, the evaluation programs feature a scaling plan. In contrast to leading proprietary firms in the industry, Finotive Funding sets relatively lower profit targets and does not impose any time constraints on its traders.
In comparison to rival proprietary trading firms, Finotive Funding distinguishes itself by offering instant funding programs that provide swift access to capital. Traders can choose between two tiers of instant funding programs: standard and aggressive. Each tier comes with predefined limits on daily trading gains (5% for standard and 10% for aggressive accounts) and maximum allowable losses (8% for standard and 16% for aggressive accounts). Importantly, there are no mandatory profit targets for qualifying for weekly profit splits ranging from 55% to 75%. The instant funding programs also incorporate a scaling plan to accommodate trader growth.
The third funding program at Finotive Funding is the One-step Evaluation program, which follows a sequential process. During the evaluation phase, traders are required to achieve a 10% profit target while adhering to maximum daily loss limits of 4% and maximum overall loss limits of 7.5%. Similar to the other programs, there are no stipulated minimum or maximum trading day requirements during this evaluation stage. The evaluation program also incorporates a scaling plan. Notably, Finotive Funding stands out in the industry due to its relatively higher maximum allowable loss limits and absence of time constraints in this program.
In summary, Finotive Funding differentiates itself from other leading proprietary trading firms by offering a diverse range of three funding programs and providing traders with flexible trading regulations, making it an appealing choice for traders of all experience levels.
Is getting capital realistic
When assessing proprietary trading firms that match your forex trading style, it’s vital to evaluate the attainability of the trading prerequisites. Although an offer with a substantial profit share on a well-funded account might seem enticing, it’s essential to take into account the expectation of achieving high monthly profit percentages while maintaining low maximum drawdown percentages. In such scenarios, the likelihood of achieving success becomes exceedingly slim.
Receiving capital through two-stage assessment programs is generally considered feasible due to their relatively modest profit targets (7.5% in phase one and 5% in phase two) and reasonable maximum loss regulations (5% maximum daily and 10% maximum loss).
Similarly, securing capital through instant funding programs can also be seen as a realistic option since these programs provide immediate funding opportunities, enabling you to start earning right away. In these cases, specific profit targets are not required to qualify for weekly withdrawal requests.
Additionally, one-stage evaluation programs offer a practical approach to obtaining capital, especially because they involve an average profit target of 10% along with more forgiving maximum loss rules (4% maximum daily and 7.5% maximum loss).
Taking all these factors into account, Finotive Funding stands out as an excellent choice for accessing capital. With three distinct funding programs available, each featuring realistic trading objectives and payout conditions, it represents a favorable option.
Regarding proof of payments, Finotive Funding was founded by Oliver Newland on April 23, 2021. Eligibility for disbursements is contingent on the successful completion of either the two-stage evaluation or the one-stage evaluation. Alternatively, if you prefer immediate funding, you have the option to start earning from the beginning. For evidence of payments, please refer to Finotive Funding’s Instagram account, specifically the “Payouts” section, or access their Discord channel and search for “Payout proof.”
Which brokers does Finotive Funding use
Finotive Funding operates with its brokerage arm, Finotive Markets, with intentions to achieve full regulatory compliance by 2023.
In terms of trading software, clients have the option to utilize MetaTrader 5.
Regarding available trading assets, Finotive Funding permits clients to engage in trading activities involving forex pairs, commodities, indices, and cryptocurrencies.
Education and Support
Finotive Funding’s website does not include any educational materials. While it is not actively engaged on ForexFactory, it has been mentioned several times in a separate discussion thread called “PROP FIRM HUB,” initiated by a user named Mastermind.
Regarding customer support, Finotive Funding has a Frequently Asked Questions (FAQ) section available on its website, which may contain the information you’re looking for. You can reach their support team through their social media channels or directly via email at info@finotivefunding.com. Additionally, they provide a live chat support feature on their website, allowing you to get in touch with them for the specific information or assistance you require.
In addition to these support options, they also offer a modern dashboard where traders can review their performance.
Clients review
Finotive Funding has garnered excellent reviews, particularly on Trustpilot, where a diverse community of users has expressed their satisfaction, resulting in an impressive rating of 4.2 out of 5 from 125 reviews.
The majority of Finotive Funding’s clientele highly commend their customer support team for their efficiency and patience in addressing and resolving customer issues.
Additionally, it’s worth noting that Finotive Funding caters to a wide range of traders, offering account sizes starting at $2,500 and going up to $200,000, making their services accessible even to those with limited capital.
Social media stats
Finotive Funding can also be found on social media.
They have a:
- Facebook page with 857 followers, and
- Instagram account with 11,6k followers.
Conclusion
In brief, Finotive Funding stands out as a respected proprietary trading company that offers traders the choice of three distinct funding programs: the two-step evaluation, instant funding, and one-step evaluation.
The two-step evaluation programs adhere to the industry standard, involving a two-phase evaluation process that requires successfully completing both phases to secure funding and qualify for profit sharing. Traders must meet profit targets of 7.5% in the first phase and 5% in the second phase before gaining access to funding. These goals are both realistic and in line with the guidelines, which impose a maximum 5% daily loss and a 10% maximum loss. These evaluation programs allow traders to earn profit splits of up to 95% and offer the ability to grow their trading accounts.
Conversely, instant funding programs offer direct funding options, allowing traders to skip the evaluation period and start trading with a funded account, immediately earning weekly profit splits. The maximum trading period for instant funding program accounts is 90 days. With instant funding programs, traders can earn profit splits ranging from 55% to 75% and enjoy the flexibility to scale their accounts.
Lastly, the one-step evaluation programs require completing a single phase to secure funding and become eligible for profit sharing. Traders must reach a profit target of 10% to gain access to funding. These objectives are reasonable, considering the maximum daily loss limit of 4% and the maximum loss limit of 7.5% imposed by Finotive Funding. Through one-step evaluation programs, traders can earn profit splits of up to 95% and have the opportunity to grow their accounts.
I strongly recommend Finotive Funding to individuals in search of a proprietary trading firm with transparent trading rules. As a relatively new entrant in the world of proprietary trading, they offer favorable conditions and three distinct funding programs tailored to a diverse range of traders with unique styles. Considering all the advantages that Finotive Funding brings to the table, it is undeniable that they are among the top proprietary firms in the industry
