Finotive Funding Review – Beware of This Confirmed Scam Broker

Finotive Funding for a Forex or Crypto Broker?

Finotive Funding Kft is said to have registered a website called Finotive Funding Kft. As an EU member, Hungary has strict regulations regarding financial service providers and traders. The Hungarian Financial Supervisory Authority (HFSA) is responsible for licensing Forex and CFD providers, and resolving any disputes.

We were unable to find Finotive Funding regulation in their register. The firm also doesn’t adhere to ESMA rules concerning the leverage limit, which all EU brokers must follow. Brokers can enable retail traders up to 1:400 instead of setting a limit at 1:30.

Stories from our customers are the best tool to fight online scams. Don’t be afraid to share your knowledge. It will be used to press authorities to ban unlicensed frauds like Finotive Funding broker.

Finotive Funding, a Hungarian company that offers trading through challenges and package purchase, is said to be Finotive Funding. This unique trading concept is not regulated in the EU or elsewhere, but there are many negative reviews.

Is Finotive Funding Scam Victims Living?

According to the GoDaddy WHOIS database, finotivefunding.com is active since February 23rd, 2021.

Most victims are from:

• UK
• US
• Germany
• Italy

Each area has its own financial regulations. There are also rules for online trading. We can help you file an investigation as Finotive Funding does not comply with any.

Finotive Funding Trading Platform

According to the website, Finotive Funding’s trading platform is MT5. We wanted to try it because we knew it was the best software available with the most trading tools. We were not able to test it.

It is not possible to download the platform without registering and depositing funds.

We are unsure if MT5 is actually available and what version. It is possible that the company does not have a platform or offers a poor WebTrader. This would be similar to other scammers.

We are unable to access any software so we can’t confirm if there is a mobile app.

What can I trade with the broker?

This FAQ section lists the following trading asset:

• Currency pairs – EUR/USD USD/NOK USD/ZAR
• Commodities – gold, silver, natural gas
• Indices – AU200, DAX30, CAC40
• Shares – Amazon, Alibaba and BOA
• Cryptocurrencies – BTC, BCH, LTC

Nevertheless, without access to the platform, we cannot trust what is written. We won’t.

Fees and spreads

Spread is advertised at 0.2 pips. It cannot however be confirmed. It seems that every account type has its own fee, which can range from $50 to $52,280.

If you are wondering if it’s excessive, don’t be afraid.

Comparing Trading Accounts – What is the Difference?

The types of Finotive Funding accounts are broken down into three sections:

• Classic Challenge account – $2,500-$200,000
• Instant Funding (Standard) – $2,500-$100,000
• Instant Funding (Aggressive) – $2,500-$100,000

The first type has 7 classes of trading capital while the second and third types each have 6. The most important difference between the two types is the amount you’ll have to pay for the account.

The Classic Challenge Account has a refundable fee while the other two groups have an upfront non-recurring fee.

After you have funded your account, there are different stages to the challenge and different ROI. These ROIs are designed to tempt retail investors like you to deposit more, even though there are no guarantees in the financial markets.

What is a chargeback?

Chargebacks are a way for your bank to reclaim funds from the merchant. We recommend that you contact us immediately to initiate the process. In a free consultation, we will discuss how to get your money back immediately!

Finotive Funding

Below you will find a short video about Finotive Funding. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Finotive Funding!