What Account Types and Fees Does Finotive Funding Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Classic Challenger Account |
Traders with varying experience levels |
Access to diverse trading instruments |
Minimum deposit required: $2,500 |
| One Step Challenge Account |
Traders looking for a structured approach |
Structured trading challenges |
Minimum deposit required: $2,500 |
| Instant Funding (Standard) |
Traders seeking quick access to funds |
Quick account funding |
Minimum deposit required: $2,500 |
| Instant Funding (Aggressive) |
Experienced traders aiming for higher leverage |
Higher leverage options available |
Minimum deposit required: $2,500 |
Account Opening Process
To open an account with Finotive Funding, prospective clients must follow a straightforward process. First, they will need to submit personal information, including their name, contact details, and employment information. Additionally, financial information will be required to assess their trading capabilities. Identity verification is a crucial step, which includes providing a valid ID and proof of address. Once the initial setup is complete, clients have the flexibility to upgrade to a professional account later if their trading volume or experience qualifies them for such an account.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
0.2 |
$0 |
Competitive spreads for major pairs |
| CFDs (Stocks, Indices) |
Varies |
$0 |
Spreads may vary based on market conditions |
| Cryptocurrencies |
Varies |
$0 |
Variable spreads depending on volatility |
Other Fees
Finotive Funding may impose various fees that traders should consider. These may include deposit and withdrawal fees, which vary based on the payment method used. Inactivity fees could apply if an account remains dormant for an extended period. Additionally, platform usage fees may be relevant depending on the specific services utilized. Traders should also be aware of overnight interest (swap rates) that can affect their positions and currency conversion fees if trading in different currencies.
