Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
General Information & Regulation
Finotive Funding is a brokerage house founded in 2021 and registered in Hungary, providing access to a massive financial market. With the Finotive Funding platform, three trading account options are available, and traders can employ maximum leverage of 1:400 on their positions.
Here is the home page of this brokers official site:
However, when it comes to regulatory information, Finotive Funding is not authorized or regulated by any regulators to operate legally. Thats why WikiFX gave its broker a very low score of 1.14/10. Please be aware of the risk.
Note: The screenshot date is February 8, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Market Instruments
Finotive Funding has more than 100 trading instruments available, including Forex, Cash Indices, Cash Commodities, Commodities Futures, Equities, and a range of Cryptocurrencies.
Account Types
Finotive Funding claims to offer different account types, namely Classic Challenger Account, One Step Challenge Account, Instant Funding (Standard) and Instant Funding (Aggressive), with the minimum deposit requirement of $2,500. Islamic (swap-free) accounts are also available.
However, Finotive Funding doesnt offer demo accounts for trial accounts. If you would like to see a live spread comparison, this broker can send you a live screen grab. You can just contact them on the live chat.
Leverage
Finotive Funding provides flexible leverage options, ranging from 1:100 to 1:400. However, since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting in the trading world, it's best to stick with the lower size (no more than a 1:10).
Spreads
Finotive Funding says it provides average spreads starting at 0.2 pips, but we could not test this through its trading platform.
Trading Platform
The MT5 trading platform, widely regarded as the best in the business, is available through Finotive Funding, which can be accessed on Windows, MacOS, IOS, and Android.
Deposit & Withdrawal
Finotive Funding accepts Strip which can process all Credit/Debit Card Payments from 135 different countries and is a global leader in payment solutions. Besides traders can also use Utrust if they wish to pay for an account using cryptocurrency from their crypto wallet. However, Finotive Funding is vague about the time required to process withdrawals and the associated fees.
Customer Support
Contact this broker using the following methods if you have any questions or problems with your trading: Email: support@finotivefunding.com, Online Chat, or Telegram. You can also follow this broker on social networks such as Instagram. Headquarters: FINOTIVE FUNDING KFT, Honvéd utca 8. 1st floor,1054 Budapest, Hungary.
Pros & Cons
Frequently Asked Questions (FAQs)
