Terms & conditions
1. Introduction
1.1 The terms and conditions in this agreement applies to and between you, the User of this Website and Finotive Funding Kft (www.finotivefunding.com), with a registered office 1054 Budapest, Honvéd utca 8.1.em. Hungary, (Identification No.: 01-09-384153), registered in the IGAZSÁGÜGYI MINISZTÉRIUM CÉGINFORMÁCIÓS ÉS AZ ELEKTRONIKUS CÉGELJÁRÁSBAN KÖZREMŰKÖDŐ SZOLGÁLAT, a part of Finotive Group Kft with a registered office 1138 Budapest, Duna Tower, Népfürdő u. 22, Hungary, (Identification No: 01-09-383576), registered in the IGAZSÁGÜGYI MINISZTÉRIUM CÉGINFORMÁCIÓS ÉS AZ ELEKTRONIKUS CÉGELJÁRÁSBAN KÖZREMŰKÖDŐ SZOLGÁLAT. Your agreement to comply with and be bound by these Terms and Conditions is deemed to occur upon your first use of the Website and our service. If you do not agree to be bound by these Terms and Conditions, you should stop using the Website immediately. Please read these Terms and Conditions ("Terms", "Terms and Conditions") carefully before using this website and service operated by Finotive Funding Kft ("us", "we", or "our").
1.2 In this Agreement “you” and “your” refer to users and prospective users of our website, “we”, “company”, “us” and “our” refer to Finotive Funding Kft and “Service” refers to the services provided by us. “Parties” and “Party” refers to both users and ourselves, or either the user or ourself respectively. All terms refer to the offer, acceptance and consideration necessary to undertake the process of our assistance to our customers in the most appropriate manner, for the express purpose of meeting the customer’s needs in respect of the provision of the Company’s stated services, in accordance with and subject to, prevailing laws. Any use of the above terminology or other words in the singular, plural, capitalisation and/or he/she or they, are taken as interchangeable and therefore as referring to same.
1.3 Any and all use of our services is subject to this Agreement, which may be updated by us from time to time without prior notice to users of our website and/or service. Any change of terms shall be binding and effective upon posting of the revised Agreement on our website. In addition to this Agreement, specific services or information contained within this website may be subject to additional posted terms or guidelines applicable to such services. All such terms or guidelines are hereby incorporated by reference into this Agreement.
1.4. By using www.finotivefunding.com (the “Site”) or any of our services (“Services”), you agree to follow and be bound by these Terms of Services (the “Terms of Services”) and agree to comply with all applicable laws and regulations.
2. Age Restriction
2.1 This Site is offered and available to users who are 18 years of age or older. By agreeing to these Terms and using our service, you represent that you are of legal age to use the website.
2.2 This age restriction may differ from country to country. By using this Site and our application, you represent and warrant that you are of legal age within your jurisdiction or country to form a binding contract and meet all of the foregoing eligibility requirements.
3. Unauthorised access
3.1 It is unlawful to try and gain unauthorised access to this site, its servers, or any computer or database connected to this Site. You must not attack this site via a denial-of-service attack or a distributed denial-of-service attack. By breaching this provision, you will be committing a criminal offence. In the event of such a breach, your right to use this Site will cease immediately. We will report any such breach to the relevant law enforcement authorities.
3.2 We will not be liable for any loss or damage caused by a distributed denial-of- service attack, viruses or other technologically harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of our Site or to your downloading of any material posted on them, or on any website linked to them.
4. Our Services/Process
4.1 The Finotive Funding Kft website (www.finotivefunding.com) provides a platform and tools for simulated foreign exchange trading on the FOREX market or trading with other instruments on other financial markets. The website also provides access to applications made available by Finotive Funding Kft and other third parties. The stimulated training can be used by users as an educational tool or as an ancillary service.
4.2 Our Services and Platform are CURRENTLY available as a simulator and not a real live trading platform. We assume no responsibility or liability in connection with any attempt to use your Account for reasons we do not support (including trying to trade real live accounts).
4.3 You acknowledge that any trading that you perform through the Service is not real. Funds provided to you during Phase 1 and Phase 2 are simply for trading on a Live Non-Execute trading account and you have no right beyond the scope of their use within our service. You are not entitled to those funds and they will not be used for real live trading. Unless expressly agreed otherwise and in conjunction with our Funded Trader Agreement, you will not be paid any remuneration or profits based on the results of your simulated trading, nor will you be required to pay any losses.
4.4 Our services for FX, Metals, Commodities, Indices and are all only quoted 24/5, however cryptocurrencies are available 24/7. Although you can hold positions over the weekend we offer no pricing, thus meaning you cannot open, close or modify any positions from Friday market close until Sunday market open.
4.5 Due to the fact we are trading on live servers however non-execute, all trading experience will be that of live conditions. This means you may experience positive or negative slippage. If you are holding positions over the unquoted weekend period positive or negative slippage may occur and be significate.
5. Order Process
5.1 To process an order for the service, the user must first register to gain access to the dashboard. From here, the user may choose to Open a new account, either a 1-step/2-step Challenge account or an Instant Funding account.
5.2 If the user successfully purchases a new account, their account details will be accessed from the dashboard.
5.3 The user can download the MetaTrader desktop platform via the dashboard.
6. Finotive Funding account
6.1 Finotive Funding shall provide the Customer with access to a trading account (the “Finotive Funding Account”), which will be used within the Trading Platform as part of the Services. The Finotive Funding Account will be activated when the user places their first trade.
6.2 Access to the Finotive Funding Account, and thus also to the Trading Platform, is protected by login data that Finotive Funding will display in the Client dashboard and or via email.
6.3 The Customer shall not make available or provide the login data to the Finotive Funding Account, the Trading Platform, or the Client Dashboard to any third party. The Customer is responsible for the protection of login data and the Finotive Funding Account and for all activities that are performed through the Finotive Funding Account or the Trading Platform. Finotive Funding shall not be liable, and the Customer is not entitled to any compensation, for any misuse of the Finotive Funding Account, Trading Platform, or any part of the Services and for any negative consequences thereof for the Customer, if such misuse occurs for any reasons beyond the control of Finotive Funding.
6.4 The Customer acknowledges that they are operating using fully simulated trading conditions using a data feed from the broker, Finotive Markets LLC.
6.5 All data provided by the Customer to Finotive Funding must be complete, true, and up to date. In the event of any change in the Customer’s data, the Customer must immediately send a notification to Finotive Funding from the Customer’s registered e-mail address; the notification must be accompanied by documents evidencing the change, if applicable. The Customer is responsible for all the provided data being always accurate and up to date; Finotive Funding is not obligated to verify the data.
6.6 The Finotive Funding Account and the Services may not be always available, such as during maintenance, upgrades, technical errors, or for any other reason. Finotive Funding shall not be liable, and the Customer is not entitled to any compensation.
6.6.1 for the unavailability of the Finotive Funding Account, the Dashboard, or the Trading Platform,
6.6.2 for any damages or loss of any data or other content that the Customer uploads, transfers, or saves via the Finotive Funding Account, the Dashboard or the Trading Platform,
6.6.3 or for any Finotive Funding’s interventions or alterations in the Customer’s Finotive Funding Account requested by the Customer.
6.7 The Customer is not entitled to any compensation, and it is entirely at the discretion of Finotive Funding whether compensation is provided to the Customer and in what form or amount; provided however, the limitation of liability within the meaning of Clause 11 is not to be affected thereby.
6.8 In order to use the Services, the Customer must obtain the appropriate technical equipment (smart phone, laptop or desktop PC) and software, including third-party software (e.g., software/operating system for the use of the Trading Platform), at the Customer’s own risk and expense.
6.9 Finotive Funding does not warrant or guarantee that the Services will be compatible with any specific equipment or software. Finotive Funding provides no warranty as to the compatibility of the Services with any device, program, or add-on.
7. Responsible trading policy
7.1. At Finotive we support responsible traders who show a talent for Trading. We do not support traders looking to cheat the system, or who trade with a gambling “all-or-nothing” mentality. We therefore have a Responsible Trading Policy for Traders to abide by.
7.2. Traders must abide by the following General Trading Rules:
7.2.1. It is prohibited to:
(a) Use prohibited Trading Strategies which exploit errors in the service such as errors in the display of prices or delays in their update, including but not limited to; any HFT trading, latency arbitrage, news straddling, stop order arbitrage etc.
(b) Perform Trades using an external or slow data feed.
(c) Perform alone or in collusion with other persons combinations of trades, for example simultaneously entering opposite positions on different accounts, or multiple traders placing the same trades.
(d) Use “challenge passing” services or account management services.
(e) Breach the Terms and Conditions of the Provider or Trading Platform.
(f) Use any software, artificial intelligence, high-speed or mass data entry which might give you an unfair advantage.
(g) Otherwise perform trades in contradiction with how trading should be performed in the financial markets, or in a way which causes Finotive Funding Financial harm.
7.3. Traders must abide by the following Risk Management Rules:
7.3.1. To protect our capital and help our traders succeed we must monitor every account for signs of gambling or reckless trading. Specifically looking for the following situations:
(a) Risking 100% or more of your drawdown limits in open trades.
For example, open trades totalling 5% risk if the traders max daily loss is 5%.
(b) Risking 50% or more of your drawdown limits in a single trade or across multiple trades on the same instrument.
For example, risking 2.5% on a single position if the traders max daily loss is 5%.
(c) Trading with no stop loss.
For every trade, the trader must add a stop loss within 60 seconds of the position open time. Any modifications within this initial 60 seconds are immune from the Risk Management Rules, i.e. You have unlimited opportunities within this initial 60 seconds to make sure your stop loss is set to a level which does breach the Responsible Trading Policy.
After this initial 60 seconds, traders have no limit on how many times they may modify a position, but we will only permit one stop loss modification error which breaches the RTP as long as it is rectified within 30 seconds of the error being made. For example, if the trader moves their stop loss to a price which breaches the RTP, they have 30 seconds to amend the mistake and must not make any more mistakes for the remaining duration of this trade.
The stop loss value when the trade is closed is final. If a trade is closed with no stop loss or if the stop loss set breaches the risk management rules, this will be a breach regardless of the trade duration.
7.3.2. If we feel that a trader has reckless behaviour, particularly by breaching any guidelines set out in Clause 7.3.1., Finotive Funding reserves the right to take action against the trader.
Accounts are reviewed manually on a regular basis, and at key events such as the progression from Phase 2 to Phase 3, the request for an account scale or a withdrawal request. If we see signs of gambling or “all-or-nothing” mentality or if we deem an account to be extremely high risk, we reserve the right to take any of the following actions:
(a) Reset a Challenge account to the start of Phase 1.
(b) Reset a Challenge account to the start of Phase 2.
(c) Rejection of request for Funded Status.
(d) Reset of Funded Account (either Funded Challenge or Instant Funding) back to initial funded capital.
(e) Temporary reduction of between 50% and 100% of profit split.
(f) Refusal of Withdrawal.
(g) Refusal to Scale.
(h) Full Account Termination.
(i) Reduction in Account Leverage
7.4. Traders must abide by the following Automated Trading Rules:
7.4.1. Traders may use EAs on both Challenge and Instant Funding accounts as long as the EA is in line with our General Trading Rules found in Clause 7.2 and our Risk management Rules found in Clause 7.3.
7.4.2. Traders may use copy trading EAs to copy from internal and external accounts.
7.4.3. It is prohibited to use MQL5 signal services or to directly copy trades from another Finotive Trader.
7.4.4. As per Section 7.2. General Trading Rules, it is fully prohibited to use any high-frequency trading (HFT) strategy or to use any e-trading protocols to execute positions on your account, these include but are not limited to placing trades by:
(a) API .Net
(b) FIX/API protocol
(c) ITCH Market Data protocol
7.5. If the Trader breaches any of the Rules within this Section 7, Finotive Funding reserves the right to terminate the Account with immediate effect and no Refund will be issued.
7.6. If the Trader breaches any of the Rules within Section 7 in collusion with another Finotive Funding Trader, all involved accounts will be terminated with immediate effect and no refund will be issued.
7.7. Finotive Funding reserves the right to Terminate any accounts which Finotive Funding has reasonable suspicion of wrongdoing. No refund will be issued.
8. Challenge Accounts
8.1. 1-STEP CHALLENGE
8.1.1. Phase 1 Details
8.1.1.1. Fees
8.1.1.1.1. Accounts are available in USD, EUR and GBP. Account sizes and fees are fixed and will simply be billed and the account issued in the chosen currency.
| 1-step | ||
|---|---|---|
| Size | Standard | Swap-Free |
| 2500 | 60 | 72 |
| 5000 | 90 | 120 |
| 10000 | 120 | 180 |
| 25000 | 180 | 240 |
| 50000 | 360 | 480 |
| 100000 | 600 | 750 |
| 200000 | 1140 | 1320 |
8.1.1.1.2. This is a one-time fee.
8.1.1.1.3. Fees are non-refundable once a trade has been placed on the account.
8.1.1.1.4. The Maximum capital allowance for Challenge accounts is 600,000. This can be made up of multiple accounts of difference currencies in either 1-Step or 2-Step models. Any additional accounts purchased which exceed this maximum capital allowance will be closed and refunded.
8.1.1.2. Rules
(a) Daily Drawdown Rule
During any Trading Day (23:00:00 CET to 22:59:59 CET the following day) in the Reference Period, neither the Customer’s account balance nor account equity can drop by 4% or more of the Closing Balance of the previous Trading Day. This is known as the Daily Drawdown Rule.
For example, if a trader’s previous Trading Day’s closing balance is $100,000, neither their equity nor balance can drop to or below $96,000 within the following Trading Day as this would be a loss of $4,000 (4% of $100,000).
(b) Max Drawdown Rule
During Phase 1, neither the account balance nor the account equity of the Customer’s Finotive Funding Account may fall to or below 7.5% of the account balance at the start of the Phase. This is known as the Max Drawdown rule.
For example, a trader bought a $100,000 account, neither their equity or balance can ever drop to or below $92,500.
(c) Inactivity Rule
If the trader has been inactive for 30 days, Finotive Funding reserves the right to close the account with no refund. This is to re-allocate resources and to ensure our trade servers and our dashboard are running at optimal performance.
(d) Responsible Trading Policy
The trader must not breach any rules set out in the Responsible Trading Policy, Section 7. This includes:
i.) 7.2. General Trading Rules
ii.) 7.3. Risk Management Rules
iii.) 7.4. Automated Trading Rules
8.1.1.2.1. Breaking the Daily Drawdown Rule, the Max Drawdown Rule or the Inactivity Rule will result in account termination. Breaching the Responsible Trading Policy may result in the trader’s funded request being rejected and thus being required to re-attempt Phase 1 as per 7.3.2.(c) and (a).
8.1.1.2.2. Finotive Funding kft. reserves the right to change the rules for Challenge Accounts at any time.
8.1.1.2.3. If we discover at a later time that you have breached any of our terms and conditions, we reserve the right to terminate your account. In the event this happens, you will not be entitled to a refund.
8.1.1.3. Targets
(a) Profit Target
To complete Phase 1, thus completing the 1-step challenge and moving to funded status, the trader must achieve a total profit of 10% of the initial account capital with all positions closed and without breaking any rules set out in 8.1.1.2.
(b) Time Limit
The trader has unlimited time to complete the challenge.
8.1.2. Phase 2 (Funded Status) Details
8.1.2.1. Rules
(a) Daily Drawdown Rule
During any Trading Day (23:00:00 CET to 22:59:59 CET the following day) in the Reference Period, neither the Customer’s account balance nor account equity can drop by 4% or more of the Closing Balance of the previous Trading Day. This is known as the Daily Drawdown Rule.
For example, if a trader’s previous Trading Day’s closing balance is $100,000, neither their equity nor balance can drop to or below $96,000 within the following Trading Day as this would be a loss of $4,000 (4% of $100,000).
(b) Max Drawdown Rule
During Phase 2 (Funded Status), neither the account balance nor the account equity of the Customer’s Finotive Funding Account may fall to or below 7.5% of the account balance at the start of the Phase. This is known as the Max Drawdown rule.
For example, a trader bought a $100,000 account, neither their equity or balance can ever drop to or below $92,500.
(c) Inactivity Rule
If the trader has been inactive for 30 days, Finotive Funding reserves the right to close the account with no refund. This is to re-allocate resources and to ensure our trade servers and our dashboard are running at optimal performance.
(d) Trading Behaviour
The Trader must continue to use the same strategy when funded as during the challenge. A change of trading strategy may include but is not limited to;
i.) Increase/decrease of average trade sizing when funded.
ii.) Clear difference in instruments traded when funded.
iii.) Increase/decrease of average stop loss size when funded.
iv.) Increase/decrease in trade frequency/quantity when funded.
(e) Responsible Trading Policy
The trader must not breach any rules set out in the Responsible Trading Policy, Section 7. This includes:
i.) 7.2. General Trading Rules
ii.) 7.3. Risk Management Rules
iii.) 7.4. Automated Trading Rules
8.1.2.1.1. Breaking the Daily Drawdown Rule, the Max Drawdown Rule, the Inactivity Rule or the Trading Behaviour Rule will result in account termination. Breaching the Responsible Trading Policy may result in the trader’s funded account balance being reset as per 7.3.2.(c), and/or a temporary reduction of profit split to 25% as per 7.3.2.(e), and/or a withdrawal being refused as per 7.3.2.(f), and/or a scaling request being rejected as per 7.3.2.(g) and in extreme circumstances, account termination as per 7.3.2.(h).
8.1.2.1.2. Finotive Funding kft. reserves the right to change the rules for Challenge Accounts at any time.
8.1.2.1.3. If we discover at a later time that you have breached any of our terms and conditions, we reserve the right to terminate your account. In the event this happens, you will not be entitled to a refund.
8.1.2.2. Withdrawing Profits
8.1.2.2.1. To qualify for a withdrawal, ALL of the following conditions must be met:
(a) The trader must have been funded for at least 2 calendar days. This is known as Account Age.
(b) The trader must not have withdrawn from this account in the last 7 calendar days.
(c) The trader must not have broken any rules set out in 8.1.2.1.
8.1.2.2.2. Once requested, the withdrawal will be removed from the trader’s account balance. They may continue to trade immediately.
8.1.2.2.3. The standard profit split for Challenge accounts is 75%. This may differ if:
(a) The trader purchases an account with a coupon code which gives an increased profit split.
(b) The trader breaches the Responsible Trading Policy Risk Management Rules and has consequently been given a temporary profit split reduction as per 7.3.2.(e).
(c) The trader has scaled their account to a phase which gives an increased profit split.
8.1.2.2.4. Due to Finotive Funding covering all transaction fees, any pay-out requests under $25 will be rejected and the profits deposited back to the trader's MT5 account.
8.1.2.3. Scaling Plan
8.1.2.3.1. Traders have the option to scale their account by exchanging a specified amount of profit in for an increase in account capital.
8.1.2.3.2. To qualify for scaling, ALL of the following conditions must be met:
(a) The trader must have been funded for at least 5 calendar days. This is known as Account Age.
(b) The trader must not have scaled this account in the last 7 calendar days.
(c) The trader must not have broken any rules set out in 8.1.2.1.
8.1.2.3.3. If the trader choses to scale, the trader understands that they fully forfeit the profits exchanged, as these cannot be withdrawn. I.e., The trader cannot use profits to scale and also withdraw.
If a trader wishes to withdraw profits made on top of the scaling target, they must request the withdrawal BEFORE requesting the scaling or the excess profits will be lost.
8.1.2.3.4. The scaling plan is structured in phases, with each phase giving the trader additional trading capital, and in some stages, an increased profit split.
| Account Type | Account Size | Phase 1 | Phase 2 | Phase 3 | Phase 4 | Phase 5 | Phase 6 | Phase 7 | Phase 8 | Phase 9 |
|---|---|---|---|---|---|---|---|---|---|---|
| Challenge | 2,500 | 4,000 | 7,000 | 12,000 | 21,000 | 35,000 | 60,000 | 103,000 | 174,000 | 296,000 |
| 5,000 | 9,000 | 14,000 | 25,000 | 42,000 | 71,000 | 121,000 | 205,000 | 349,000 | ||
| 10,000 | 17,000 | 29,000 | 49,000 | 84,000 | 142,000 | 241,000 | 410,000 | |||
| 25,000 | 43,000 | 72,000 | 123,000 | 209,000 | 355,000 | 603,000 | ||||
| 50,000 | 85,000 | 145,000 | 246,000 | 418,000 | 710,000 | 1,207,000 | ||||
| 100,000 | 170,000 | 289,000 | 491,000 | 835,000 | 1,420,000 | |||||
| 200,000 | 340,000 | 578,000 | 983,000 | 1,670,000 |
8.1.2.3.5. This table lays out the profit required to progress to the next scaling Phase. These percentage targets are reset between scales and are not a total increase from the original account balance.
As mentioned in Clause 8.1.2.3.3., the trader understands that in order to scale their account, this profit split is fully forfeited and cannot be withdrawn. Below shows the scaling target for each phase of the scaling plan:
| Account Type | Phase 1 Scale Target | Phase 2 Scale Target | Phase 3 Scale Target | Phase 4 Scale Target | Phase 5 Scale Target | Phase 6 Scale Target | Phase 7 Scale Target | Phase 8 Scale Target | Phase 9 Scale Target |
|---|---|---|---|---|---|---|---|---|---|
| Challenge | 8% | 9% | 10% | 11% | 12% | 13% | 14% | 15% | 16% |
8.1.2.3.6. This table lays out the profit splits available at each scaling Phase:
| Account Type | Initial Profit Split | Phase 1 Profit Split | Phase 2 Profit Split | Phase 3 Profit Split | Phase 4 Profit Split | Phase 5 Profit Split | Phase 6 Profit Split | Phase 7 Profit Split | Phase 8 Profit Split | Phase 9 Profit Split |
|---|---|---|---|---|---|---|---|---|---|---|
| Challenge | 75% | 75% | 80% | 85% | 90% | 95% | 95% | 95% | 95% | 95% |
8.1.2.3.7. If using a coupon code which offers an additional 5% profit split, the profit splits available at each scaling phase are as follows:
| Account Type | Initial Profit Split | Phase 1 Profit Split | Phase 2 Profit Split | Phase 3 Profit Split | Phase 4 Profit Split | Phase 5 Profit Split | Phase 6 Profit Split | Phase 7 Profit Split | Phase 8 Profit Split | Phase 9 Profit Split |
|---|---|---|---|---|---|---|---|---|---|---|
| Challenge | 80% | 80% | 85% | 90% | 95% | 95% | 95% | 95% | 95% | 95% |
8.1.2.4. Account Refresh
During the 2-Step Challenge Phase 3 (funded status), the trader has the option to opt-in for our Account Refresh feature. This is a one-time use per account and allows the trader to ask Finotive to reset their account to the original balance if they are in loss.
8.1.2.4.1. To qualify for an Account Refresh they must meet ALL 5 of the following criteria:
a) The trader must not have had an Account Refresh previously on this account.
b) Do not breach any trading rules laid out in Clause 8.1.2.1.
c) Do not breach any other Clause in these Terms & Conditions.
d) The Trader must not have withdrawn any profits on this account.
e) The Trader must have been funded for at least 30 calendar days.
8.1.2.4.2. If all criteria are met, Finotive Funding will deposit the amount lost to bring the account balance back to the initial capital. The total loss covered will then be added to the Trader's overall P&L.
8.1.2.5 Trader P&L
The trader has a total P&L which is made up of Finotive's split of their withdrawals on any account, and also any losses incurred to Finotive due to the Account Refresh feature (8.1.2.4).
8.1.2.5.1. If the traders P&L is negative, meaning Finotive has covered more losses for the trader than the profit generated for Finotive from the traders's withdrawals, then the trader will be required to pay back this loss.
8.1.2.5.2. To pay back the loss, the trader's profit split will be temporarily reduced to 25%, so that Finotive's 75% split will go fully towards the loss.
8.1.2.5.3. Once recovered, the trader's profit split will be returned to the normal rate.
8.2. 2-STEP CHALLENGE
8.2.1. Phase 1 Details
8.2.1.1. Fees
8.2.1.1.1. Accounts are available in USD, EUR and GBP. Account sizes and fees are fixed and will simply be billed and the account issued in the chosen currency.
| 2-step | ||
|---|---|---|
| Size | Standard | Swap-Free |
| 2500 | 50 | 60 |
| 5000 | 75 | 100 |
| 10000 | 100 | 150 |
| 25000 | 150 | 200 |
| 50000 | 300 | 400 |
| 100000 | 500 | 625 |
| 200000 | 950 | 1100 |
8.2.1.1.2. This is a one-time fee.
8.2.1.1.3. Fees are non-refundable once a trade has been placed on the account until Funded Status where, on the 30th day of Funded Status, if the account balance is greater than their account capital, the trader will be issued a refund of their Challenge fee.
8.2.1.1.4. The Maximum capital allowance for Challenge accounts is 600,000. This can be made up of multiple accounts of difference currencies in either 1-Step or 2-Step models. Any additional accounts purchased which exceed this maximum capital allowance will be closed and refunded.
8.2.1.2. Rules
(a) Daily Drawdown Rule
During any Trading Day (23:00:00 CET to 22:59:59 CET the following day) in the Reference Period, neither the Customer’s account balance nor account equity can drop by 5% or more of the Closing Balance of the previous Trading Day. This is known as the Daily Drawdown Rule.
For example, if a trader’s previous Trading Day’s closing balance is $100,000, neither their equity nor balance can drop to or below $95,000 within the following Trading Day as this would be a loss of $5,000 (5% of $100,000).
(b) Max Drawdown Rule
During Phase 1, neither the account balance nor the account equity of the Customer’s Finotive Funding Account may fall to or below 10% of the account balance at the start of the Phase. This is known as the Max Drawdown rule.
For example, a trader bought a $100,000 account, neither their equity or balance can ever drop to or below $90,000.
(c) Inactivity Rule
If the trader has been inactive for 30 days, Finotive Funding reserves the right to close the account with no refund. This is to re-allocate resources and to ensure our trade servers and our dashboard are running at optimal performance.
(d) Responsible Trading Policy
The trader must not breach any rules set out in the Responsible Trading Policy, Section 7. This includes:
i.) 7.2. General Trading Rules
ii.) 7.3. Risk Management Rules
iii.) 7.4. Automated Trading Rules
8.2.1.2.1. Breaking the Daily Drawdown Rule, the Max Drawdown Rule or the Inactivity Rule will result in account termination. Breaching the Responsible Trading Policy may result in the trader’s funded request being rejected and thus being required to re-attempt Phase 1 as per 7.3.2.(c) and (a).
8.1.1.2.2. Finotive Funding kft. reserves the right to change the rules for Challenge Accounts at any time.
8.1.1.2.3. If we discover at a later time that you have breached any of our terms and conditions, we reserve the right to terminate your account. In the event this happens, you will not be entitled to a refund.
8.2.1.3. Targets
(a) Profit Target
To complete Phase 1 and progress to Phase 2, the trader must achieve a total profit of 7.5% of the initial account capital with all positions closed and without breaking any rules set out in 8.2.1.2.
(b) Time Limit
The trader has unlimited time to complete the challenge.
8.2.2. Phase 2 Details
8.2.2.1. Rules
(a) Daily Drawdown Rule
During any Trading Day (23:00:00 CET to 22:59:59 CET the following day) in the Reference Period, neither the Customer’s account balance nor account equity can drop by 5% or more of the Closing Balance of the previous Trading Day. This is known as the Daily Drawdown Rule.
For example, if a trader’s previous Trading Day’s closing balance is $100,000, neither their equity nor balance can drop to or below $95,000 within the following Trading Day as this would be a loss of $5,000 (5% of $100,000).
(b) Max Drawdown Rule
During Phase 2, neither the account balance nor the account equity of the Customer’s Finotive Funding Account may fall to or below 10% of the account balance at the start of the Phase. This is known as the Max Drawdown rule.
For example, a trader bought a $100,000 account, neither their equity or balance can ever drop to or below $90,000.
(c) Inactivity Rule
If the trader has been inactive for 30 days, Finotive Funding reserves the right to close the account with no refund. This is to re-allocate resources and to ensure our trade servers and our dashboard are running at optimal performance.
(d) Responsible Trading Policy
The trader must not breach any rules set out in the Responsible Trading Policy, Section 7. This includes:
i.) 7.2. General Trading Rules
ii.) 7.3. Risk Management Rules
iii.) 7.4. Automated Trading Rules
8.2.2.1.1. Breaking the Daily Drawdown Rule, the Max Drawdown Rule or the Inactivity Rule will result in account termination. Breaching the Responsible Trading Policy may result in the trader’s funded request being rejected and thus being required to re-attempt Phase 2 as per 7.3.2.(c) and (a).
8.2.2.1.2. Finotive Funding kft. reserves the right to change the rules for Challenge Accounts at any time.
8.2.2.1.3. If we discover at a later time that you have breached any of our terms and conditions, we reserve the right to terminate your account. In the event this happens, you will not be entitled to a refund.
8.2.2.3. Targets
(a) Profit Target
To complete Phase 2, thus completing the 2-step challenge and moving to funded status, the trader must achieve a total profit of 5% of the initial account capital with all positions closed and without breaking any rules set out in 8.2.2.1.
(b) Time Limit
The trader has unlimited time to complete the challenge.
8.2.3. Phase 3 (Funded Status) Details
8.2.3.1. Rules
(a) Daily Drawdown Rule
During any Trading Day (23:00:00 CET to 22:59:59 CET the following day) in the Reference Period, neither the Customer’s account balance nor account equity can drop by 5% or more of the Closing Balance of the previous Trading Day. This is known as the Daily Drawdown Rule.
For example, if a trader’s previous Trading Day’s closing balance is $100,000, neither their equity nor balance can drop to or below $95,000 within the following Trading Day as this would be a loss of $5,000 (5% of $100,000).
(b) Max Drawdown Rule
During Phase 3 (Funded Status), neither the account balance nor the account equity of the Customer’s Finotive Funding Account may fall to or below 10% of the account balance at the start of the Phase. This is known as the Max Drawdown rule.
For example, a trader bought a $100,000 account, neither their equity or balance can ever drop to or below $90,000.
(c) Inactivity Rule
If the trader has been inactive for 30 days, Finotive Funding reserves the right to close the account with no refund. This is to re-allocate resources and to ensure our trade servers and our dashboard are running at optimal performance.
(d) Trading Behaviour
The Trader must continue to use the same strategy when funded as during the challenge. A change of trading strategy may include but is not limited to;
i.) Increase/decrease of average trade sizing when funded.
ii.) Clear difference in instruments traded when funded.
iii.) Increase/decrease of average stop loss size when funded.
iv.) Increase/decrease in trade frequency/quantity when funded.
(e) Responsible Trading Policy
The trader must not breach any rules set out in the Responsible Trading Policy, Section 7. This includes:
i.) 7.2. General Trading Rules
ii.) 7.3. Risk Management Rules
iii.) 7.4. Automated Trading Rules
8.2.3.2.1. Breaking the Daily Drawdown Rule, the Max Drawdown Rule, the Inactivity Rule or the Trading Behaviour Rule will result in account termination. Breaching the Responsible Trading Policy may result in the trader’s funded account balance being reset as per 7.3.2.(c), and/or a temporary reduction of profit split to 25% as per 7.3.2.(e), and/or a withdrawal being refused as per 7.3.2.(f), and/or a scaling request being rejected as per 7.3.2.(g) and in extreme circumstances, account termination as per 7.3.2.(h).
8.2.3.2.2. Finotive Funding kft. reserves the right to change the rules for Challenge Accounts at any time.
8.2.3.2.3. If we discover at a later time that you have breached any of our terms and conditions, we reserve the right to terminate your account. In the event this happens, you will not be entitled to a refund.
8.2.3.3. Withdrawing Profits
8.2.3.3.1. To qualify for a withdrawal, ALL of the following conditions must be met:
(a) The trader must have been funded for at least 2 calendar days. This is known as Account Age.
(b) The trader must not have withdrawn from this account in the last 7 calendar days.
(c) The trader must not have broken any rules set out in 8.2.3.1.
8.2.3.3.2. Once requested, the withdrawal will be removed from the trader’s account balance. They may continue to trade immediately.
8.2.2.3.3. The standard profit split for Challenge accounts is 75%. This may differ if:
(a) The trader purchases an account with a coupon code which gives an increased profit split.
(b) The trader breaches the Responsible Trading Policy Risk Management Rules and has consequently been given a temporary profit split reduction as per 7.3.2.(e).
(c) The trader has scaled their account to a phase which gives an increased profit split.
8.2.2.3.4. Due to Finotive Funding covering all transaction fees, any pay-out requests under $25 will be rejected and the profits deposited back to the trader's MT5 account.
8.2.3.4. Scaling Plan
8.2.3.4.1. Traders have the option to scale their account by exchanging a specified amount of profit in for an increase in account capital.
8.2.3.4.2. To qualify for scaling, ALL of the following conditions must be met:
(a) The trader must have been funded for at least 5 calendar days. This is known as Account Age.
(b) The trader must not have scaled this account in the last 7 calendar days.
(c) The trader must not have broken any rules set out in 8.2.3.1.
8.2.3.4.3. If the trader choses to scale, the trader understands that they fully forfeit the profits exchanged, as these cannot be withdrawn. I.e., The trader cannot use profits to scale and also withdraw.
If a trader wishes to withdraw profits made on top of the scaling target, they must request the withdrawal BEFORE requesting the scaling or the excess profits will be lost.
8.2.3.4.4. The scaling plan is structured in phases, with each phase giving the trader additional trading capital, and in some stages, an increased profit split.
| Account Type | Account Size | Phase 1 | Phase 2 | Phase 3 | Phase 4 | Phase 5 | Phase 6 | Phase 7 | Phase 8 | Phase 9 |
|---|---|---|---|---|---|---|---|---|---|---|
| Challenge | 2,500 | 4,000 | 7,000 | 12,000 | 21,000 | 35,000 | 60,000 | 103,000 | 174,000 | 296,000 |
| 5,000 | 9,000 | 14,000 | 25,000 | 42,000 | 71,000 | 121,000 | 205,000 | 349,000 | ||
| 10,000 | 17,000 | 29,000 | 49,000 | 84,000 | 142,000 | 241,000 | 410,000 | |||
| 25,000 | 43,000 | 72,000 | 123,000 | 209,000 | 355,000 | 603,000 | ||||
| 50,000 | 85,000 | 145,000 | 246,000 | 418,000 | 710,000 | 1,207,000 | ||||
| 100,000 | 170,000 | 289,000 | 491,000 | 835,000 | 1,420,000 | |||||
| 200,000 | 340,000 | 578,000 | 983,000 | 1,670,000 |
8.2.3.4.5. This table lays out the profit required to progress to the next scaling Phase. These percentage targets are reset between scales and are not a total increase from the original account balance.
As mentioned in Clause 8.2.3.4.3., the trader understands that in order to scale their account, this profit split is fully forfeited and cannot be withdrawn. Below shows the scaling target for each phase of the scaling plan:
| Account Type | Phase 1 Scale Target | Phase 2 Scale Target | Phase 3 Scale Target | Phase 4 Scale Target | Phase 5 Scale Target | Phase 6 Scale Target | Phase 7 Scale Target | Phase 8 Scale Target | Phase 9 Scale Target |
|---|---|---|---|---|---|---|---|---|---|
| Challenge | 8% | 9% | 10% | 11% | 12% | 13% | 14% | 15% | 16% |
8.2.3.4.6. This table lays out the profit splits available at each scaling Phase:
| Account Type | Initial Profit Split | Phase 1 Profit Split | Phase 2 Profit Split | Phase 3 Profit Split | Phase 4 Profit Split | Phase 5 Profit Split | Phase 6 Profit Split | Phase 7 Profit Split | Phase 8 Profit Split | Phase 9 Profit Split |
|---|---|---|---|---|---|---|---|---|---|---|
| Challenge | 75% | 75% | 80% | 85% | 90% | 95% | 95% | 95% | 95% | 95% |
8.2.3.4.7. If using a coupon code which offers an additional 5% profit split, the profit splits available at each scaling phase are as follows:
| Account Type | Initial Profit Split | Phase 1 Profit Split | Phase 2 Profit Split | Phase 3 Profit Split | Phase 4 Profit Split | Phase 5 Profit Split | Phase 6 Profit Split | Phase 7 Profit Split | Phase 8 Profit Split | Phase 9 Profit Split |
|---|---|---|---|---|---|---|---|---|---|---|
| Challenge | 80% | 80% | 85% | 90% | 95% | 95% | 95% | 95% | 95% | 95% |
8.2.3.5. Account Refresh
During the 2-Step Challenge Phase 3 (funded status), the trader has the option to opt-in for our Account Refresh feature. This is a one-time use per account and allows the trader to ask Finotive to reset their account to the original balance if they are in loss.
8.2.3.5.1. To qualify for an Account Refresh they must meet ALL 5 of the following criteria:
a) The trader must not have had an Account Refresh previously on this account.
b) Do not breach any trading rules laid out in Clause 8.2.3.1.
c) Do not breach any other Clause in these Terms & Conditions.
d) The Trader must not have withdrawn any profits on this account.
e) The Trader must have been funded for at least 30 calendar days.
8.2.3.5.2. If all criteria are met, Finotive Funding will deposit the amount lost to bring the account balance back to the initial capital. The total loss covered will then be added to the Trader's overall P&L.
8.2.3.6 Trader P&L
The trader has a total P&L which is made up of Finotive's split of their withdrawals on any account, and also any losses incurred to Finotive due to the Account Refresh feature (8.2.3.5).
8.2.3.6.1. If the traders P&L is negative, meaning Finotive has covered more losses for the trader than the profit generated for Finotive from the traders's withdrawals, then the trader will be required to pay back this loss.
8.2.3.6.2. To pay back the loss, the trader's profit split will be temporarily reduced to 25%, so that Finotive's 75% split will go fully towards the loss.
8.2.3.6.3. Once recovered, the trader's profit split will be returned to the normal rate.
9. Instant Funding Accounts
9.1. Fees
9.1.1. Accounts are available in USD, EUR and GBP. Account sizes and fees are fixed and will simply be billed and the account issued in the chosen currency.
| Standard | Aggressive | |||
|---|---|---|---|---|
| Size | Standard | Swap-Free | Standard | Swap-Free |
| 2500 | 95 | 120 | 165 | 210 |
| 5000 | 190 | 240 | 330 | 420 |
| 10000 | 335 | 420 | 660 | 780 |
| 25000 | 525 | 625 | 1340 | 1500 |
| 50000 | 1055 | 1200 | 2400 | 2600 |
| 100000 | 2100 | 2300 | 5180 | 5555 |
9.1.2. This is a one-time fee.
9.1.3. Fees are non-refundable once a trade has been placed on the account.
9.1.4. The Maximum capital allowance for Instant Funding accounts is 200,000. This can be made up of multiple accounts of difference currencies. Any additional accounts purchased which exceed this maximum capital allowance will be closed and refunded.
9.1.5. Upon purchasing an account, the trader will be required to sign the Funded Trader Agreement and submit KYC. Once this has been completed, their MT5 account will be enabled and they can begin to use the account.
9.2 Rules
(a) Daily Drawdown Rule
During any Trading Day (23:59:59 CET to 23:00:00 CET the following day) in the Reference Period, neither the Trader’s account balance or account equity can drop 5% or more of the Closing Balance of the previous Trading Day for Standard Accounts and 10% or more of the Closing Balance of the previous Trading Day for Aggressive Accounts. This is known as the Daily Drawdown Rule.
For example, on an Aggressive account a Trader’s previous Trading Day’s closing balance is $100,000, neither their equity nor balance can drop to or below $90,000 within the following Trading day; if this was a Standard account neither their equity nor balance can drop to or below $95,000 within the following Trading day.
(b) Max Drawdown Rule
During the Reference Period, neither the account balance nor the account equity of the Trader’s Finotive Funding Account may fall to or below 8% of the account balance at the start of the Initial Reference Period for Standard accounts or 16% for Aggressive accounts. This is known as the Max Drawdown rule.
For example, a Trader with a Standard $100,000 account, neither their equity or balance can ever drop to or below $92,000, whereas for a Trader with an Aggressive $100,000 account, neither their equity or balance can ever drop to or below $84,000
(c) Inactivity Rule
If the trader has been inactive for 30 days, Finotive Funding reserves the right to close the account with no refund. This is to re-allocate resources and to ensure our trade servers and our dashboard are running at optimal performance.
(d) Responsible Trading Policy
The trader must not breach any rules set out in the Responsible Trading Policy, Section 7. This includes:
i.) 7.2. General Trading Rules
ii.) 7.3. Risk Management Rules
iii.) 7.4. Automated Trading Rules
(e) Account Lifespan
Instant Funding accounts have a lifespan of 90 days beginning after the first trade is placed. At the end of this 90-day period if the account balance is greater than the account capital with no trades open (i.e., in profit), the account lifespan will be reset for another 90 days.
If at the end of the 90-day life span the Trader’s account is in loss (i.e., their account balance is below the account capital with no trades open), then their account will be terminated with no refund.
If the trader scales their account within these 90 days, the account lifespan will be reset for another 90 days starting when the account balance is topped up to the scaled value.
9.2.1. Breaking the Daily Drawdown Rule, the Max Drawdown Rule or the Inactivity Rule will result in account termination. Breaching the Responsible Trading Policy may result in the trader’s funded account balance being reset as per 7.3.2.(c), and/or a temporary reduction of profit split to 25% as per 7.3.2.(e), and/or a withdrawal being refused as per 7.3.2.(f), and/or a scaling request being rejected as per 7.3.2.(g) and in extreme circumstances, account termination as per 7.3.2.(h).
9.2.2. Finotive Funding kft. reserves the right to change the rules for Instant Funded Accounts at any time.
9.2.3. If we discover at a later time that you have breached any of our terms and conditions, we reserve the right to terminate your account. In the event this happens, you will not be entitled to a refund.
9.3. Withdrawing Profits
9.3.1. To qualify for a withdrawal, ALL of the following conditions must be met:
(a) The trader must have been funded for at least 5 calendar days. This is known as Account Age.
(b) The trader must not have withdrawn from this account in the last 7 calendar days.
(c) The trader must not have broken any rules set out in 9.2.
9.3.2. Once requested, the withdrawal will be removed from the trader’s account balance. They may continue to trade immediately.
9.3.3. The profit split for Standard Instant Funding accounts is 55%, and for Aggressive Instant Funding Accounts is 60%. This may differ if:
(a) The trader purchases an account with a coupon code which gives an increased profit split.
(b) The trader breaches the Responsible Trading Policy Risk Management Rules and has consequently been given a temporary profit split reduction as per 7.3.2.(e).
(c) The trader has scaled their account to a phase which gives an increased profit split.
9.3.4. Due to Finotive Funding covering all transaction fees, any pay-out requests under $25 will be rejected and the profits deposited back to the trader's MT5 account.
9.4. Scaling Plan
9.4.1. Traders have the option to scale their account by exchanging a specified amount of profit in for an increase in account capital.
9.4.2. To qualify for scaling, ALL of the following conditions must be met:
(a) The trader must have been funded for at least 5 calendar days. This is known as Account Age.
(b) The trader must not have scaled this account in the last 7 calendar days.
(c) The trader must not have broken any rules set out in 9.2.
9.4.3. If the trader choses to scale, the trader understands that they fully forfeit the profits exchanged, as these cannot be withdrawn. I.e., The trader cannot use profits to scale and also withdraw.
If a trader wishes to withdraw profits made on top of the scaling target, they must request the withdrawal BEFORE requesting the scaling or the excess profits will be lost.
9.4.4. The scaling plan is structured in phases, with each phase giving the trader additional trading capital, and in some stages, an increased profit split.
| Account Type | Account Size | Phase 1 | Phase 2 | Phase 3 | Phase 4 | Phase 5 | Phase 6 | Phase 7 | Phase 8 | Phase 9 |
|---|---|---|---|---|---|---|---|---|---|---|
| Standard | 2,500 | 4,000 | 7,000 | 12,000 | 21,000 | 35,000 | 60,000 | 103,000 | 174,000 | 296,000 |
| 5,000 | 9,000 | 14,000 | 25,000 | 42,000 | 71,000 | 121,000 | 205,000 | 349,000 | ||
| 10,000 | 17,000 | 29,000 | 49,000 | 84,000 | 142,000 | 241,000 | 410,000 | |||
| 25,000 | 43,000 | 72,000 | 123,000 | 209,000 | 355,000 | 603,000 | ||||
| 50,000 | 85,000 | 145,000 | 246,000 | 418,000 | 710,000 | 1,207,000 | ||||
| 100,000 | 170,000 | 289,000 | 491,000 | 835,000 | 1,420,000 | |||||
| Aggressive | 2,500 | 5,000 | 10,000 | 20,000 | 40,000 | 80,000 | 160,000 | 320,000 | 640,000 | 1,280,000 |
| 5,000 | 10,000 | 20,000 | 40,000 | 80,000 | 160,000 | 320,000 | 640,000 | 1,280,000 | ||
| 10,000 | 20,000 | 40,000 | 80,000 | 160,000 | 320,000 | 640,000 | 1,280,000 | |||
| 25,000 | 50,000 | 100,000 | 200,000 | 400,000 | 800,000 | 1,600,000 | ||||
| 50,000 | 100,000 | 200,000 | 400,000 | 800,000 | 1,600,000 | 3,200,000 | ||||
| 100,000 | 200,000 | 400,000 | 800,000 | 1,600,000 | 3,200,000 |
9.4.5. This table lays out the profit required to progress to the next scaling Phase. These percentage targets are reset between scales and are not a total increase from the original account balance.
As mentioned in Clause 9.5.3., the trader understands that in order to scale their account, this profit split is fully forfeited and cannot be withdrawn. Below shows the scaling target for each phase of the scaling plan:
| Account Type | Phase 1 Scale Target | Phase 2 Scale Target | Phase 3 Scale Target | Phase 4 Scale Target | Phase 5 Scale Target | Phase 6 Scale Target | Phase 7 Scale Target | Phase 8 Scale Target | Phase 9 Scale Target |
|---|---|---|---|---|---|---|---|---|---|
| Standard | 8% | 9% | 10% | 11% | 12% | 13% | 14% | 15% | 16% |
| Aggressive | 16% | 18% | 20% | 22% | 24% | 26% | 28% | 30% | 32% |
9.4.6. This table lays out the profit splits available at each scaling Phase:
| Account Type | Initial Profit Split | Phase 1 Profit Split | Phase 2 Profit Split | Phase 3 Profit Split | Phase 4 Profit Split | Phase 5 Profit Split | Phase 6 Profit Split | Phase 7 Profit Split | Phase 8 Profit Split | Phase 9 Profit Split |
|---|---|---|---|---|---|---|---|---|---|---|
| Standard | 55% | 60% | 65% | 70% | 75% | 75% | 75% | 75% | 75% | 75% |
| Aggressive | 60% | 65% | 70% | 75% | 75% | 75% | 75% | 75% | 75% | 75% |
9.4.7. If using a coupon code which offers an additional 5% profit split, the profit splits available at each scaling phase are as follows:
| Account Type | Initial Profit Split | Phase 1 Profit Split | Phase 2 Profit Split | Phase 3 Profit Split | Phase 4 Profit Split | Phase 5 Profit Split | Phase 6 Profit Split | Phase 7 Profit Split | Phase 8 Profit Split | Phase 9 Profit Split |
|---|---|---|---|---|---|---|---|---|---|---|
| Standard | 60% | 65% | 70% | 75% | 75% | 75% | 75% | 75% | 75% | 75% |
| Aggressive | 65% | 70% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% |
10. Payments
10.1. The fee for Finotive Funding Accounts vary on the option a user selects (and other factors such as the amount of the initial capital, the account type etc.) when purchasing an account.
10.2 Notwithstanding the foregoing under clause 10.1, we reserve the right to provide our service on different conditions to any individual or legal entity at our sole discretion. Prices/fees are not fixed and may be subject to change at any time without any reference to you. Any change in prices/fees only affect future orders. We may offer a discount or promo/vouchers from time to time, but this is subject to change and shall be at our sole discretion. Once the promo or discount/voucher ends, you will be charged the standard price for the product. We have the right to end this discount or promo at any time without any reference to you.
10.3 Payment of fees is accepted in either United States Dollars (USD), Euros (EUR) or Pound Sterling (GBP) depending on the user’s selection. If payment is made using currencies not available on the website, the user agrees that such payment will be subject to the market exchange rate at the time of payment.
10.4 Payment can be made using credit/debit cards via TrustPayments or using Cryptocurrency via xMoney. Payments made will be taken immediately. The user agrees to pay all charges incurred in paying the fees through the user’s selected payment service provider. The user agrees to make payment in full as quoted by Finotive Funding Kft.
10.5 You may be asked to supply certain information relevant during payment. This may include, without limitation, your name, your phone number, house address, email address, billing address, card details and any such information needed by us for you to complete payments. None of this information will ever be seen, stored or held by Finotive Funding but will be encrypted by either TrustPayments or xMoney.
10.6 Service charges are inclusive of all taxes. If a user is a legal entity or a trader, it is his/her responsibility to pay all required taxes in relation to using the service
10.7. In order to protect our service against illegal activity, please be aware that third-party payments are not available – the payment method details must match up with KYC and withdrawal details.
11. Refund and cancellation policy
11.1 Payments made on this website are final with no recourse to a refund. Fees paid on the website is for access to the Finotive Funding challenge or services provided under it.
11.2 Notwithstanding the foregoing under clause 11.1, a user may request a cancellation for the service or withdraw from the contract within 14 days of placing an order without giving a reason. The user must send an email to [email protected] to complete the withdrawal from the contract and cancel the order. Once we have received the email, we will send a confirmation and process a refund. Refunds will be made to the original payment method used by the user in placing the order. PLEASE NOTE THAT CANCELLATION AND REFUNDS UNDER THIS CLAUSE ARE NOT AVAILABLE IF A USER HAS MADE A TRADE ON THEIR ACCOUNT WITHIN THE 14 DAYS STATED UNDER THIS CLAUSE. SHOULD THE USER PLACE A TRADE ON THEIR ACCOUNT WITHIN 14 DAYS OF MAKING AN ORDER, THE USER SHALL NOT BE ENTITLED TO A REFUND UNDER THIS CLAUSE.
11.3 If a user chooses to cancel their account after trading on it or fails to meet the conditions of the Finotive Funding Challenge after completion or verification or violating any terms of this Agreement, then the user will not be entitled to a refund even if the order or contract is cancelled.
11.4 In the event of a defective service, where we have been unable to deliver the services as promised, you must notify us immediately of such defective service. Once we have been informed, we will within 30 days of receiving the complaint try and remedy the defective service. If we are unable to remedy the defective service after the said 30 days, you may choose to withdraw from the contract by sending an email to [email protected] or claim a reasonable discount. If you choose to withdraw from the contract, we will provide a refund of any fees already paid.
11.5 You must not unjustifiably dispute a fee or payment you made either through a chargeback, dispute services or other similar methods. If you make such illegitimate claim for a refund or cancellation (e.g., through chargeback services, dispute services, or other similar services), we reserve the right at our sole discretion to cancel our service to you and refuse any future use of our website and services.
12. Fraudulent transactions
12.1 If in any event, there is a claim that our service has been used fraudulently and/or for illegal activities, we will co-operate with authorities who shall investigate this and if they find this to be true, we will flag and blacklist such user from ever using our services.
12.2 In the event of any claim that your payment card has been used without your permission or any other fraudulent use of payment cards, we will assist the bank and police authorities with any investigations including providing them with all relevant details about you, card authentication and any communications through or related to the website and services previously ordered.
13. Intellectual property
13.1 Subject to other terms in these Terms and Conditions, all Content included on the Website, unless uploaded by Users, including, but not limited to, text, graphics, logos, icons, images, sound clips, video clips, data compilations, page layout, underlying code and software is the property of Finotive Funding Kft (www.finotivefunding.com), our affiliates or other relevant third parties. By continuing to use the Website, you acknowledge that such material is protected by applicable Intellectual Property right laws. You may not reproduce, copy, distribute, store or in any other fashion re-use material from the Website unless otherwise indicated on the Website or unless given express written permission to do so by us.
13.2 Finotive Funding Kft hereby grants you a limited, non-exclusive, non- transferable, non-assignable, non-passable, and revocable permission to use the information provided on our website ((www.finotivefunding.com) for your personal, non-commercial use and in accordance with the purpose for which the Services are provided. You are not permitted to sell or otherwise transfer the use of such information to any third-party without the express written consent of Finotive Funding Kft.
14. Links to other websites
14.1 This Website may contain links to other sites. Unless expressly stated, these sites are not under the control of Finotive Funding Kft (www.finotivefunding.com) or that of our affiliates. We assume no responsibility for the content of such websites and disclaim liability for any and all forms of loss or damage arising out their use. The inclusion of a link to another site on this Website does not imply any endorsement of the sites themselves or those in control of them. We advise that you read through their terms carefully before using the linked sites.
15. Account and user information
15.1 You may be required to fill out some information when registering or completing the order form for the use of our service. You must not impersonate someone else, create or use someone else’s identity other than your own.
15.2 By continuing to use this Website, you represent and warrant that
(a) all information you submit is accurate and truthful;
(b) you have permission to submit Payment Information where permission may be required; and
(c) you will keep this information accurate and up to date.
15.3 Any data provided on the order form can be changed, corrected or updated on your account/profile. You are responsible for the information you provide and agree to inform us should any of the information changes. We are not obligated to verify any data provided to us.
15.4 We accept no liability for any losses or damages incurred as a result of your login details or other information about your account being shared by you. If you use a shared computer, it is recommended that you do not save your account details in your internet browser. If you have reason to believe that your Account details have been obtained by another without consent, you should contact Finotive Funding Kft immediately to suspend transactions or trading on your account.
15.5 Users are only allowed one email account login. It is a violation of our terms for a user to create multiple accounts.
15.6 The total number of Finotive Funding challenge and verification per user could be limited depending on the amount of the initial capital for the option ordered by the user or other conditions as may be set by Finotive Funding Kft. The initial capital should not be transferred between products (either individual or mutually combined). Users may not also transfer or combine performance, data, parameters or other information between products.
15.7 Access to your account and/or the platform is through your login details. You should not share access to your account with any third party without our express written approval. We will not be held responsible for any damage suffered from sharing your login details. If you are a legal entity (such as a company), you may share access with your employees, affiliates or representatives. Any activity performed on your account is your sole responsibility and we will not be held responsible for any misuse of your account or trading platform.
15.8 Users may at any time request the cancellation or termination of their account or Live Non-Execute trading platform by sending an email to [email protected]. Users understand that should we cancel or terminate their account upon request, all services will cease with no recourse to a refund.
15.9 As an entrepreneur (trader) using the service, you may be required to provide an identification number or a tax registration number. If you provide us with such information, you will be regarded as an entrepreneur and some terms or offers herein this Agreement may not be applicable to you.
15.10 The Trader gives Finotive Funding permission to use any Funded Status and Withdrawal certificates as promotional material, to be used on any platform. This allows Finotive Funding to use these certificates as proof to prospective Traders.
16. Use of this website
16.1 When using the website and our service, you shall act in accordance with the following rules:
(a) The means by which you identify yourself must not violate these Terms and Conditions or any applicable laws;
(b) You must be polite to our staffs should you ever contact them. You shall not use any swear word or make any racist, sexist, threatening words towards them.
(c) You must not display, publish, copy, print, post, modify or otherwise use the Site and the information contained therein for the benefit of any third party or website without our prior written consent;
(d) You must not use our site or services available on it for illegal activities;
(e) Any attempts to publish or send malicious content through spyware and viruses or other similar things, with the intent to compromise another member’s account or computer environment is strictly prohibited;
(f) You must not use any robot, spider, site search/retrieval application, or other automated devices, process or means to access, retrieve, scrape, or index any portion of the Site or any Site Content.
(g) You acknowledge that your access to and use of the Services may be restricted or prohibited by laws in some countries, and you undertake to only access and use the Services in accordance with applicable laws.
17. Termination and cancellation
17.1 We may terminate your transaction if we observe you have breached any terms of this agreement. You will be notified by email and an explanation for the termination will be provided. Notwithstanding the foregoing, Finotive Funding Kft reserves the right to terminate your account or contract with us at any time without any notice to you.
17.2 We may also terminate your contract or account with us as specified under the clauses of this Agreement.
18. Our responsibilities
18.1 Your safety when using our site is paramount to us. Hence, all reasonable skill and care shall be taken to ensure your safety when using our website. Please kindly note that whilst your security is paramount to us, remember that no method of transmission over the Internet is 100% secure. While we strive to use commercially acceptable means to protect the users of our website, we cannot guarantee its absolute security.
18.2 We will do our best to maintain the operation of the Site for the Service, however, we may need to temporarily suspend the Service for operational reasons (e.g., for repairs, planned maintenance or upgrades). We promise to restore the Service as soon as reasonably possible after any suspension. We will not be liable for any damages or losses suffered by a user due to the inoperability of the website.
18.3 If we cannot do what we have promised in these Terms because of something beyond our reasonable control (including, without limitation, disputes involving our employees, affiliates, partners, a shutdown or interruption on the trading), we will not be liable for this.
19. Disclaimers
19.1 We do not make any warranty or representation that the Website will meet your requirements, that it will be fit for a particular purpose, that it will be compatible with all systems, that it will be secure, and that all information provided will be accurate.
19.2 You understand that the financial market is very volatile/unpredictable and could result to complete loss of any initial capital. Thus, we make no guarantee of any specific results from the use of our Service. The services provided “as is” and we do not make any guarantee from the use of such service. You use our service at your own risk. We do not guarantee any profit or interest from using our platform. We shall not be held liable for any loss suffered if you act in any way outside of the service provided.
19.3 Whilst every effort has been made to ensure that all descriptions of Services available on www.finotivefunding.com correspond to the actual Services, we are not responsible for any variations from these descriptions. This does not exclude our liability for mistakes due to negligence on our part and refers only to variations of the correct Services, not different Services altogether.
19.4 Any previous performances and profits are not a guarantee or indication of any future earnings or trades.
19.5 Whilst we do our best to ensure that the Website is secure and free of errors, viruses and other malware, all Users are advised to take responsibility for their security, personal details and computers. You understand that to use our service, you may require some technical equipment and software. It is your responsibility to purchase such equipment and software (including third-party software such as the trading platform). All purchases of the equipment and software shall be at your own expense and risk. We make no guarantee that our service will be compatible with any specific equipment or software.
19.6 Third-party websites with links from the Site have not been verified or reviewed by Finotive Funding Kft. Your use and access to such third-party websites are made at your own risk.
19.7 You acknowledge and agree that Finotive Funding Kft is not in control or operates the trading platform. The trading platform’s terms, and conditions, privacy and cookies policy will therefore apply to your transaction on such platform. We recommend that you read through their terms and conditions, privacy and cookies policy before using the trading platform.
19.8 Information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. We do not recommend that any trade should be entered into. All activities carried out on the trading platform are at your discretion and you shall not hold Finotive Funding Kft responsible for such trading actions.
20. Modification of service and these terms and conditions
20.1 Finotive Funding Kft (www.finotivefunding.com) reserves the right to change the Website, its Content, any function or conditions of the services provided or these Terms and Conditions at any time. We shall provide you with reasonable notice if we make any change to these Terms and conditions except where we are required by law to make any changes to Terms and Conditions, these changes will apply automatically to any transaction currently pending in addition to any transaction placed by you in the future. You will be bound by any changes to the Terms and Conditions from the first time you use the Website following the changes.
21. Limitation of liability
21.1 To the maximum extent permitted by law, www.finotivefunding.com accepts no liability for any direct or indirect loss or damage, foreseeable or otherwise, including any indirect, consequential, special or exemplary damages arising from the use of the Website, any information contained therein or use of our service. Users should be aware that they use the Website, its content, services at their own risk. We accept no liability for any disruption or non-availability of our Website, any third-party services or website resulting from external causes including, but not limited to, ISP equipment failure, host equipment failure, communications network failure, power failure, natural events, acts of war or legal restrictions and censorship.
21.2 Unless it is caused by us and is reasonably foreseeable, we will generally not be liable for:
(a) any incorrect or inaccurate information on the Site and all interruptions to or delays in updating our website/Service;
(b) the infringement by you of any third-party Intellectual Property Rights;
(c) any amount or kind of loss or damage due to viruses or other malicious software that may infect a user's computer equipment, software, data or other property caused by persons accessing, using or downloading the Site, or from transmissions via emails or attachments received from www.finotivefunding.com or its licensees.
22. Indemnification
22.1 You agree to defend, indemnify and hold harmless Finotive Funding Kft, its employees, directors’ shareholders, from and against any and all claims, proceedings, damages, obligations, losses, liabilities, costs or debt, and expenses (including but not limited to attorney’s fees) arising from:
(a) your use of and access to our site (www.finotivefunding.com) and our Services;
(b) your violation of any term or condition of this Agreement, including without limitation, your breach of any of the representations and warranties contained herein;
(c) your violation of any third-party right, including without limitation any right of privacy or Intellectual Property Rights;
(d) your violation of any applicable law, rule or regulation;
(e) any fraudulent behaviour, wilful misconduct or gross negligence;
22.2 The parties hereby warrant to act in accordance with the principles of fair dealing in the performance of the contract and in mutual negotiations and, in particular, not to damage the good reputation and legitimate interests of the other party.
23. No waiver
23.1 Any default, delay or omission of any of the provisions of this Agreement by either Party will not be construed as a waiver of any subsequent breach of the same or other provisions. We are entitled to still pursue any omitted or failed payment by you at any time.
24. Severability
24.1 In the event that any of the provisions of this Agreement are held to be invalid or unenforceable in whole or in part, all other provisions will nevertheless continue to be valid and enforceable with the invalid or unenforceable parts severed from the remainder of this Agreement.
25. Resolving disputes
25.1 If a dispute between a user and Finotive Funding Kft is not resolved through an informal discussion within 14 days from the date a dispute arises, the parties agree to submit the issue first before a non-binding mediator and to an arbitrator in the event that mediation fails. The decision of the arbitrator will be binding on the parties. Any mediator or arbitrator must be a neutral party acceptable to the parties. The cost of any mediations or arbitrations shall be borne by the party bringing a claim.
25.2 Nothing stated herein shall prevent either Party at any time from:
(a) seeking interlocutory or other immediate relief where a risk of imminent harm exists for that Party for which there is no other adequate remedy;
(b) pursuing court proceedings, where that Party considers it reasonable to do so; or
(c) exercising any rights and remedies that may be available to it in respect of a breach of the provisions herein these Terms of service.
26. Previous terms and conditions
26.1 In the event of any conflict between these Terms and Conditions and any prior versions thereof, or any version of the Responsible Trading Policy, the provisions of these Terms and Conditions shall prevail unless it is expressly stated otherwise.
27. Third-party rights
27.1 Nothing in these Terms and Conditions shall confer any rights upon any third- party. The agreement created by these Terms and Conditions is between you and Finotive Funding Kft.
28. Law and jurisdiction
28.1 These Terms and Conditions and the relationship between you and Finotive Funding Kft shall be governed by and construed in accordance with the laws of Hungary, and you agree to submit to the exclusive jurisdiction of the courts in the country.
29. Entire agreement
29.1 These Terms, the Privacy Policy, refund policy and any other agreement contained on the Site or agreed by the parties constitute the entire agreement between you and Finotive Funding Kft.
30. How to contact us
30.1 If you have any questions about our company’s Terms and Conditions, or you would like to exercise one of your data protection rights, please do not hesitate to contact us on our contact details provided on this website or email us at [email protected].