Finotive Funding

Who they are:

Finotive Funding are based in Hungary, and were founded in April 2021 (the same time as FundingMadeSimple.) Finotive Funding offer Islamic Shia Compliant accounts too. They have a scaling plan of up to $1,000,000. Their goal is to offer retail traders a way to fast-track the process of growing their capital, to allow them to generate monthly returns through a high 75% profit split!

What they offer:

In order to get funded through Finotive Funding, you’ll need to pass a 2-phase evaluation process. Once you pass, you’ll get funded with the account you have chosen. Finotive Funding offer $2,500 and $5,000 funded accounts with a leverage of 1:100, a $10,000 and $25,000 account with a leverage of 1:200, and a $50,000, $100,000 and $200,000 funded account with a leverage of 1:400. – That’s insane!

After getting funded, you are eligible for 75% profit split payouts with no maximum trading day period. Your only limitations are that you must trade a minimum of 12 days without surpassing the 5% daily or 10% overall equity drawdown.

Phase 1 requires you to reach a 9% profit target within 30 days or 12 days minimum. You have a daily drawdown of 5% and a max drawdown of 10%. Phase 2 requires you to reach a profit target of 7.5% within 60 days or 12 days minimum. You still have a daily drawdown of 5% and a max drawdown of 10%. However, should you not reach the profit target in phase 2 but remain in profits, you’ll be eligible to try again for free.

The math:

So using the $5,000 account as an example, here is what you’re dealing with.

A 10% Maximum drawdown = $500 ($5,000/10),  a 5% Daily drawdown = $250 ($5,000/5%) and a 10% profit target = $500 ($5,000/10%). All this for $100.  So technically, you’d pay $100 for a maximum drawdown of $500. ( The same funding amount and restrictions are offered by FundingMadeSimple. However, Finotive Funding have smaller profit targets to reach!)

Using correct risk management, you would only be able to take 5 trades with a $100 stop loss for each trade at a lot-size of 0.10 using a 10 pip stop loss, or 0,5 using a 20 pip stop loss – So if you manage to hit your stop loss 5 times in a row, you’ve managed to violate the drawdown rule, but remember, there is also a 5% daily drawdown limit… which is set at $250. So per day, you are actually limited to let’s say 5 trades with a $50 stop loss for each trade. Your lot size will now sit at around 0.5 with a 10 pip stop loss or 0.2 with a 25 pip stop loss. – See how this affects you?

Is Finotive Funding for me?

It is important to understand that each prop firm has its advantages and disadvantages, and this attracts all kinds of traders. As we know, each trader is unique to their own style and preferences. So ultimately, it is best to know what it is you are looking for in a prop firm before approaching one. Do you want a high-profit split? easier trading restrictions? smaller profit target? longer trading days? It is all up to you and the available selection might just intimidate you!

So if you are looking for a prop firm with a 2-phase evaluation test, high-profit split, and large funding, then Finotive Funding could be for you. For day traders and swing traders, you will be happy to know that weekend holding, news trading, and overnight holding are also allowed. – Not bad.

Conclusion:

With over 53 reviews and a rating of 4.7/5 on Trustpilot, this is a legitimate prop firm offering funding of up to $1,000,000 upon completion of the 2-Phase Evaluation Process with a high 75% profit split. However, their drawdown limits may have you trading in slightly differently according to your trading system due to pressure, and ultimately have you looking for another prop firm. 

That is it for this review, if you would like to sign up with Finotive Funding, then click here! Please leave a comment below, and don’t forget to share this review by clicking the FaceBook Share button above this review.