Finotive Funding Review – Protect Yourself From Scam Trading Firms
Finotive Funding Review – Protect Yourself From Scam Trading Firms

In this article you will find a full analysis and Finotive Funding review. It is an unregulated trading company in which reaching your financial goals is practically impossible. For more information check the table above and keep on reading.

Also, remember the names of the GStockLegal, Goldmar and GSL Markets trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Broker status: Unregulated Broker
Regulated by: Unlicensed Scam Brokerage
Scammers Websites: finotivefunding.com
Blacklisted as a Scam by: N/A
Owned by: Finotive Funding Kit
Headquarters Country: Hungary
Foundation year: 2021
Supported Platforms: MT5 (allegedly)
Minimum Deposit: 60 USD
Cryptocurrencies: Yes – BTC, BCH, ETH
Types of Assets: Forex, Indices, Commodities, Cryptocurrencies and Shares
Maximum Leverage: 1:400
Free Demo Account: No, only live trading
Accepts US clients: Yes

How Safe Is the Finotive Funding Broker?

Finotive Funding presents itself as a licensed trading company operating from Hungary. Since HFSA – Hungarian financial conduct authority is an institution that provides FX and CFD trading companies with licenses, there’s no better option to look at.

While doing our analysis we found that it doesn’t have a license for trading. Besides that, the company is offering a lot bigger leverage than it should be for licensed trading companies.

For companies like these, safety is the least priority. You should not criticize yourself if you were caught in a scam like this, it can happen to anyone.

When it comes to money, a trading company should always have a regulatory body that is following its every move. That’s why only companies with trusted licenses are the ones who are on the market for a long time.

Why It Is Better Not to Choose An Unlicensed Broker?

When it comes to regulation always look for the best ones, called Tier1 Regulations. Some of the most trusted authorities that are in this group are FCA, ASIC and BaFin. These licenses should be your guideline when choosing who to trade with.

Of course, taking a deeper look into the database of FCA, BaFin and ASIC you can’t find any records of Finotive Funding broker. Unlicensed broker companies are working with shady and not-so-specified terms and conditions, that can easily deny all your dreams about being a successful trader.

So Is Finotive Funding a Decent Broker or a Scam?

Considering that Finotive Funding doesn’t have any regulation and there is a lot of important information missing like trading platform, we kindly suggest you avoid this scam trading company.

Finotive Funding Offers MetaTrader 5? – Platform Tools

Finotive Funding Trading Software

While doing our research, we have tried to access Finotive Funding trading platform, but access before registering is unavailable. According to them, the company offers MT5, one of the most used trading platforms, but that is most probably not the case.

There is a question does the company have any real trading platform or do they have some scamming look-a-like platforms that most dangerous trading companies are using? Through the research, we couldn’t find any additional information about a mobile version of the platform.

Finotive Funding Assets – Instruments Types

All information should be taken with reserve since it’s only listed on the website. The inaccessibility of trading platform leads just to speculation.

  • Forex – EUR/USD; USD / CHF ; EUR/JPY;
  • Commodities – Gold, Silver, Crude Oil WTI
  • Indices – DAX30; S&P500; CAC40  
  • Shares – Tesla, Alphabet, NVDA
  • Cryptocurrencies – BTC, ETH, BCH

Where Does Finotive Funding Engage In Fraud? – Countries Of Service

This company is targeting rich countries like:

  • US, 
  • UK, 
  • Germany and 
  • Italy. 

There is no confirmation that they are not engaged in fraudulent activities in other countries as well.

Also, we recommend you not to invest in the fraudulent brokers Sato4x, TargoSwiss and TopInvestTrader.

What Are The Different Finotive Funding Account Types?

Finotive Funding Account Types

Finotive Funding offers 4 different account types.

  • Classic and One-Step Challenge Account – 2.500 $ – 200.000$
  • Instant Funding – Standard – 2.500 $ – 100.000$
  • Instant Funding – Aggressive – 2.500 $ – 100.000$

Challenge accounts are offering 7 different options with different amounts of money you are paying up front as a service fee. The difference is that the Classic Challenge account has a refundable fee, while other account types don’t.

Instant funding accounts whether Standard or Aggressive are requiring more funds as an up-front fee, but looks like there is no significant difference compared to challenge accounts.

Nevertheless, in the end, the company offers you at a later stage different ROI, which is always speculative with unlicensed companies., for you to fund your account with more money.

Offer Demo Or Trial Accounts?

As for the Demo account, we couldn’t find any information on the platform that the company offers that, but only live trading accounts. Generally speaking, there is no reason to try even with a demo account when you have found so many red flags about the company. Not to mention risking your own money with them.

How Much Is Leverage, Spreads and Fees

The leverage presented on all account types is 1:100, but the company states that it goes up to 1:400 . On a later stage, the longer you are with the company, they allegedly offer you even better leverage, which can be bad for you, especially if you are trading with an unregulated broker.

When it comes to fees, activation fees are fixed, but in terms and conditions, it is only specified that these fees are for the service. Additional fees are not mentioned and usually, that is the point.

Doing our research on the company we were unable to find any information about spreads and since you can’t access the trading platform there is no valuable information on the topic. Considering that everything so far that we found is not going in the client’s favor, we can assume that spreads are not going to be that good.

What Is The Minimum Deposit and Methods of Withdrawal?

Finotive Funding Broker states that the minimum deposit is 60$. Very affordable for most customers to try out, but then you get into a trap. Methods for withdrawing are: 

  • PayPal
  • Wire transfer and 
  • Coinbase cryptocurrency exchange.

However, there is no information on how long you are waiting for the withdrawal to happen nor if there are some other conditions that you need to cover to get the withdrawal.

Scammed by Finotive Funding Broker? – Allow Us to Hear Your Story.

Don’t be ashamed if you were tricked by these con artists. It can happen to anyone. Whether it is your first time or you did it again, you have a way out and to get your money back. Analyzing Finotive Funding reviews we found that there is a big number of people caught by this scam.

If that was the case, you should know the right way how to deal with that and it is very easy. Chargeback is the solution to your problems and it’s the most effective way to get your funds back.

What Is The Chargeback Procedure?

Information these days has a bigger value than money. Therefore right information in the right hands can be a very powerful tool in dealing with scammers. The chargeback procedure consists of collecting all necessary information and providing the right institutions with that to trace your funds and get your money back.

If you need assistance with a chargeback, you can always book a free consultation with our chargeback experts who will help you to get your money back.

What Is Finotive Funding?

Finotive Funding is an unlicensed trading broker that offers different trading plans for its customers.

Is Finotive Funding a Scam Broker ?

Since the company doesn’t have any license, all their activities are speculative and look like a complete scam.

Is Finotive Funding Available in the United States or UK?

Yes. According to the research, they offer their services to US and UK clients.

Does Finotive Funding Offer a Demo Account ?

No. Finotive Funding only offers different types of live trading accounts.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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