finotivefunding.com has been flagged by Cyprus Securities and Exchange Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: finotivefunding.com.
After for about ten months with finotivefunding.com, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Easy to use platform|Transparent fees|Full transparency
Cons: Help articles are sometimes vague
finotivefunding.com had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Good analytical tools|Real-time alerts|Multi-device support
Cons: Would like more payment methods|Website design could be more modern
Tried to withdraw my funds from finotivefunding.com and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Lost entire investment|Reported to authorities|Unresponsive
KYC with finotivefunding.com is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Instant funding|Tax reports included|Easy withdrawals
Cons: Charting tools need more indicators
My card was charged twice by finotivefunding.com on the same day. I had to dispute it with my bank. finotivefunding.com then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Social trading features|Real-time alerts|Competitive fees
Cons: Wish they had more educational resources|Inactivity fee applies after 12 months