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Comparison · Forex

Track record of Finotive and Wall Street Funded

Updated on

Who is behind each firm

Both companies operate from the United Arab Emirates, specifically Dubai, which has become a global hub for the proprietary trading industry. Finotive is led by CEO Oliver Newland and maintains its headquarters in the Innovation One Building at the DIFC. On the other hand, Wall Street Funded is led by Iñaki Martinez and Albert Suriol, with offices located in the Dubai Silicon Oasis. While both share a similar geographical base, the leadership of Finotive represents a single-CEO structure, whereas Wall Street Funded relies on a dual-leadership model, which may influence their corporate decision-making and operational focus.

How long they have been around

There is a significant difference in tenure between these two firms. Finotive was founded in 2021, giving it several years of experience and survival through various market cycles and industry shifts. This longevity is reflected in its complex internal structure and its own brokerage, Finotive Markets. Wall Street Funded is a much more recent arrival, founded in 2024. While it has managed to accumulate a higher volume of Trustpilot reviews in a shorter time (over 2,000 compared to Finotive's 872), it is important to note that Finotive’s Trustpilot profile is currently marked as blocked in the provided data, a factor that traders often weigh when evaluating the transparency of a firm’s public record.

What they promise and what backs it

Finotive promises a highly sophisticated ecosystem. Their offer includes unique incentives like a "salary" equal to 1% of purchased capital paid daily, and a "strikes" system that acts as a buffer against hard breaches for certain rules. This is backed by their multi-year track record and their proprietary technology. Their pricing is competitive, with a $100,000 One-Step account costing $580. Wall Street Funded promises modern flexibility and high leverage (up to 50:1 on two-step accounts), backed by a very aggressive entry into the market. However, their rules are more traditional in some aspects, such as the mandatory use of a Stop Loss within two minutes of opening a trade. While Finotive offers more "experimental" programs like Solo FX, Wall Street Funded focuses on a broad range of standard account types like Classic, Rapid, and Ultra.

How they handle your money

The financial maturity of a firm is often seen in its payout diversity. Finotive offers payouts through Bank Transfer, Crypto, and Revolut, with a minimum withdrawal of just $4. They provide the first payout on demand after 7 to 14 days depending on the account type. Wall Street Funded utilizes Crypto and the Rise platform for its payments, with higher minimums ($100 for Crypto and $500 for Rise). Their payout frequency is generally slower for the first withdrawal, requiring 15 to 30 days depending on the chosen challenge, although subsequent payouts can be requested every 5 to 10 days. Finotive’s inclusion of Revolut and its own "Finotive Pay" account suggests a more integrated financial infrastructure.

Operational maturity

In terms of technical infrastructure, both firms show different strengths. Finotive operates with its own broker, Finotive Markets, and focuses exclusively on MetaTrader 5. This suggests a desire for total control over the trading environment. Wall Street Funded, despite being newer, offers a much wider array of platforms, including cTrader, MetaTrader 5, MatchTrader, and DXTrade, and works with brokers like WSF and Gooeytrade. This variety indicates an effort to attract traders who were displaced by recent industry-wide platform restrictions. Regarding trading styles, Finotive allows hedging and news trading but limits mass-market EAs. Wall Street Funded is more restrictive with strategies, prohibiting hedging and news trading on funded accounts, while also enforcing a 60-second minimum trade duration.

What the record does and does not tell you

The available data allows us to see two different stages of corporate evolution. Finotive’s record shows an established firm with a complex set of rules and proprietary financial tools, though its blocked status on review platforms is a point of caution. Wall Street Funded’s record shows a fast-growing newcomer with modern platform options but more rigid operational rules regarding risk (like the Stop Loss and news trading). Neither record can guarantee future solvency, but they do illustrate the difference between a firm trying to maintain a complex ecosystem and one trying to capture market share through platform variety and aggressive marketing.

Frequently asked questions

Which firm is more affordable for a $50,000 evaluation, Finotive or Wall Street Funded?

For a $50,000 one-step evaluation, Finotive's Challenge One Step costs $355, while Wall Street Funded's Rapid account is priced at $379. If you prefer a two-step evaluation for the same capital, Finotive costs $400 for its standard version, whereas Wall Street Funded offers its Ultra account for $349. Therefore, Wall Street Funded is cheaper for two-step evaluations, but Finotive is more economical for one-step challenges.

Does Finotive or Wall Street Funded offer more flexibility regarding trading platforms?

Wall Street Funded offers significantly more flexibility, providing access to cTrader, MetaTrader 5, MatchTrader, and DXTrade. In contrast, Finotive is currently limited to MetaTrader 5. Traders who prefer specialized platforms like cTrader or need alternatives to MetaTrader will find Wall Street Funded to be the more suitable option based on its technical offering.

Which firm, Finotive or Wall Street Funded, has more restrictive rules for news trading?

Wall Street Funded is more restrictive, as it prohibits opening or closing positions 4 minutes before and after high-impact news events on funded accounts. Finotive generally allows news trading across its programs, although it notes some contradictions in the documentation for its Solo FX experimental account that traders should confirm with support. For standard funded accounts, Finotive is the more flexible choice for news traders.

Between Finotive and Wall Street Funded, which one provides more payout methods?

Finotive provides a broader range of payout methods, including Bank Transfer, Crypto, and Revolut, with a very low minimum withdrawal of $4. Wall Street Funded limits its payouts to Crypto and the Rise platform, with significantly higher minimum withdrawal requirements ($100 for Crypto and $500 for Rise). Finotive's system is more accessible for traders looking to withdraw small amounts or use traditional digital banking like Revolut.

Field by field

Finotive and Wall Street Funded, side by side

Rules, plans, platforms, leverage, commissions and payouts of both, with the option to see only what differs.

Head to head

51 differences

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Headquarters

Innovation One Building, Level 2, DIFC, Dubai, United Arab Emirates

Dubai, United Arab Emirates, at Building A1, Dubai Digital Park, Dubai Silicon Oasis

CEO

Oliver Newland

Iñaki Martinez, Albert Suriol

Country

United Arab Emirates

United Arab Emirates

Foundation

2021

2024

Banned Countries
Iran, North Korea, United States
Cuba, Sudan, Somalia, Iran, Lebanon, Syria, North Korea, Libya, Pakistan, Vietnam
Assets
Forex, Indices, Commodities, Crypto
Commodities, Crypto, Forex, Indices, Stocks
Brokers
Finotive Markets
WSF, Gooeytrade
Refund
Yes

Full refund if profitable 30 days after funding.

Solo FX: The Dashboard and launch announcement say the fee is refunded after 30 funded days if the account is profitable. Schedule 10A-1 says it is refunded upon approval of the first Reward Payment Request. Finotive's Terms state that the Schedule prevails; confirm with support before purchase.

Yes

Refund of the initial payment of the evaluation account will be made with the second payment

Platforms
Metatrader 5
cTrader, Metatrader 5, MatchTrader, DXTrade
Demo Account
Metatrader 5
ID1043PasswordFinotiveServerFinotiveMarkets-Live
No data
Payout Methods
Transfer, Crypto, Revolut
Crypto, Rise
Payment Methods
Card, Crypto, Transfer, UPI
Card, Crypto
Margin Call Level
No data

50%

Payout Frequency

First payout on demand

  • Standard Challenge, Pro Challenge and Instant Standard: 7 days
  • Instant Lite: 14 days
  • Solo FX: weekly payouts; first request after 14 calendar days in Simulated Funded Status

One Step: First payout after 30 days and 10 days for every payout after that
Two Step and Instant: First payout after 15 days and 5 days for every payout after that

Crypto Weekend Trading
No data
No
Minimum Withdrawal

$4

  • 1%
  • Crypto: $100
  • Rise: $500
Forex
  • 2-Step Standard, 2-Step Pro: 100:1
  • 1-Step Standard, 1-Step Pro: 50:1
  • Instant Standard: 33:1
  • Instant Lite: 25:1
  • Solo FX (main Challenge range): up to 100:1
  • Solo FX Launchpad accounts: 33:1 until updated

One Step, Instant: 30:1
Two Step: 50:1

Metals
  • 2-Step Standard, 2-Step Pro: 20:1
  • 1-Step Standard, 1-Step Pro: 10:1
  • Instant Standard, Instant Lite: 5:1
10:1
Indices
  • 2-Step Standard, 2-Step Pro: 10:1
  • 1-Step Standard, 1-Step Pro, Instant Standard, Instant Lite: 5:1

One Step, Instant: 10:1
Two Step: 20:1

Stocks
  • 2-Step Standard, 2-Step Pro: 5:1
  • 1-Step Standard, 1-Step Pro: 4:1
  • Instant Standard, Instant Lite: 2:1
10:1
Crypto
  • 2-Step Standard, 2-Step Pro: 2:1
  • 1-Step Standard, 1-Step Pro, Instant Standard, Instant Lite: 1:1

One Step, Instant: 1:1
Two Step: 2:1

Energies
No data
10:1
Forex
0
3 / lot
Metals
0
3 / lot
Energies
0
3 / lot
Indices
0
0
Stocks
0
No data
Crypto
0
0
Swap Free
Yes
No
Account Reset

Funded Stage Refresh

  • A refresh can only be requested when your account balance is within 10% of the Maximum Drawdown limit
  • Resets your account balance back to the original starting equity
  • Preserves your profit split rate and any progress made in the Scaling Plan
  • There is a maximum of 3 refreshes per funded account
  • The price depends on the size of the account
No data
Add-ons
Yes
  • Swap Free (price depends on the size of the account)
  • Weekend Holding for Instant Accounts (20% of account fee)
Yes
Instant
Yes
Yes
One Step
Yes
  • Standard Challenge
  • Pro Challenge
Yes
Account scaling
Yes

Every 90 days, traders who meet performance and consistency targets see their account balance grow by 30% and their profit split increase by 5%, without ever having to sacrifice withdrawals.

More detail about it can be found on this link

Yes

15% profit in 3 months + 3 withdrawals → +25% balance. Max cumulative $2,000,000. Profit split can increase up to 95%.

Two Steps
Yes
  • Standard Challenge
  • Pro Challenge
Yes
Max Drawdown

Static

  • One Step and Two Step: Static
  • Instant: Trailing
Profit Split
  • Standard Challenge: 80% (up to 95% scaling)
  • Pro Challenge: 100%
  • Instant Standard: 75% (up to 90%)
  • Instant Lite: 70% (up to 85%)

80%

Free Trial
Yes
No
Daily Drawdown

Balance-based

Highest balance or equity recorded at the end of the day (EOD high-watermark)

Three Steps
No
No
Max Allocation
  • Challenge Accounts (Standard): Up to $600,000 in purchased capital, scalable to $2,040,000
  • Pro Challenge Accounts: Up to $600,000 in purchased capital, scalable to $2,040,000
  • Instant Funding (Standard): Up to $200,000 in purchased capital, scalable to $680,000
  • Instant Funding Lite: Up to $200,000 in purchased capital, scalable to $680,000
400,000
Merge Accounts
No
No
Maximum Trading Days
No data

Unlimited

Monthly Competition
No
Yes
Minimum Profitable Days

Minimum profitable days number must be met every time a trader wants to pass an evaluation phase, scale a funded account or request a payout. A day is considered profitable when it reaches at least 0.5% profit

  • Challenge 1 Step: 3 days
  • Challenge 2 Step: 2 days
  • Instant Standard: 0 days
  • Instant Lite: 5 days
  • Finotive Pro 1 Step: 3 days
  • Finotive Pro 2 Step: 2 days
  • Solo FX: 4 days with at least 0.5% each

4 days with at leat 0.5% profit

Expert Advisor (EA)
Limited
  • Solo FX: all Expert Advisors and automated execution tools are prohibited
  • Other programmes: pre-purchased or mass-market “plug-and-play” EAs are not allowed
Yes
VPN
Limited
  • Solo FX: VPNs, proxies and location masking are prohibited
  • Other programmes: Finotive's Terms prohibit masked or unstable connections when they impair verification of identity, location or account control
Yes

While VPNs and VPS are allowed, their usage is heavily considered during investigations of suspicious behavior or breaches of the terms and conditions.

Hedging
Yes
No
Requires Stop Loss
Limited
  • Solo FX: stop loss is not required
  • Other programmes: stop loss is required
Yes

SL (Stop Loss) must be added to the trade within a maximum of two minutes after the trade is opened.

Scalping
Limited

Accounts with the unified High-Frequency Trading rule active: up to 20% of profit may come from trades held for two minutes or less. The rule becomes active after the first 10 closed trades and is tracked in the dashboard. Exceeding the limit does not generate a strike, but the percentage must return within 20% before requesting a payout.

Solo FX has no specific scalping, rapid-trade-opening, trades-under-60-seconds or HFT restriction. Latency arbitrage and execution abuse remain prohibited.

Yes

Trades must be open for at least 60 seconds

Stacking / Layering (DCA)
No
Yes
Maximum Risk Limit
Yes

Floating drawdown is calculated per symbol against the initial account balance.

  • Instant Funding: 1.5%. The first confirmed breach produces a formal warning. From the second confirmed breach onward, each separate event records one strike and reduces that payout cycle's reward payment to 10%.
  • Funded Challenge and Funded Pro: 2%. Each confirmed breach records one strike and reduces that payout cycle's reward payment to 10%.
  • Challenge and Pro evaluation phases: 2%. It is monitored for the progression report but does not trigger a real-time strike or account closure.
  • Solo FX: 2.5% during Simulated Funded Status only. A confirmed breach records one strike and reduces that payout cycle's reward payment to 10%.
Yes

5k:

  • Forex: 3 lots
  • Metals and Energies: 0.5 lots
  • Indices: 5 lots

10k:

  • Forex: 6 lots
  • Metals and Energies: 1 lot
  • Indices: 10 lots

20k:

  • Forex: 12 lots
  • Metals and Energies: 1.8 lots
  • Indices: 20 lots

50k:

  • Forex: 20 lots
  • Metals and Energies: 4 lots
  • Indices: 40 lots

100k:

  • Forex: 35 lots
  • Metals and Energies: 7 lots
  • Indices: 70 lots

For all accounts, it's not allowed to risk more than 50% of the daily drawdown on one trade idea

For Instant Standard and Pro accounts, it's not allowed to risk more than 1% on the balance account

Copy Trading
Yes
No

Only allowed to copy trades manually during evaluation phase between accounts of different size

News Trading
Yes

News trading is allowed. For Solo FX, the Dashboard and launch announcement prohibit news straddling, but Schedule 10A-1 disapplies the Terms section that prohibits it. Confirm this contradiction with Finotive before trading news.

No

Trading funded accounts during high-impact news is restricted; opening or closing positions is prohibited within a 4-minute window both before and after red folder macroeconomic events.

Inactivity Rule

30 days

30 days

Consistency Rule
Yes

Pro accounts — from the 31st funded day

  • Weekly trade count and instrument volume must remain within ±25% of the averages recorded during the Pro Challenge and the first 30 funded days.
  • During every rolling 90-day period, realised and unrealised profit, including rewards already paid, must total at least 5% of the initial balance.
  • Breaching either condition downgrades the account to the equivalent standard funded account and permanently removes the Pro benefits.

Instant Funding Standard and Lite

  • At payout, the single most profitable closed trade must contribute less than 60% of total positive realised profit. Requesting a payout while the condition remains active records one Conditional Strike and reduces that payout cycle's reward payment to 10%.
  • Overlapping positions on the same instrument and direction count as one combined position, and partial closures do not create separate positions. There are no one-sided trading limits and volume per instrument is not checked.

Solo FX

  • No specific consistency rule or single-trade profit dependency.
Yes

To request a payment your biggest winning day can't exceed:

  • Instant Standard: 30%
  • Instant Pro: 15%
Hold Weekend
Yes

Weekend holding is available through the optional Weekend Holding Add-On on Instant Funding accounts. Without it, all non-crypto positions must be closed before Friday's 17:00 New York market close; Finotive recommends closing at least 10 minutes earlier. Each confirmed breach records one strike and reduces that payout cycle's reward payment to 10%. Five cumulative strikes permanently close the account.

Yes
Prohibited Strategies
  • Excessive notional volume (not applicable to Solo FX; its exposure is governed by the margin requirement applicable to the account)
  • High-frequency stacking, including correlated instruments (not a Solo FX-specific restriction; latency arbitrage and execution abuse remain prohibited)
  • Martingale or grid strategies
  • News straddling (the Solo FX dashboard and announcement prohibit it, but Schedule 10A-1 disapplies section 7.9; confirm with support)
  • Using ultra-tight stops just to mask oversized lots
  • High-Frequency Trading (HFT)
  • Trades lasting less than 60 seconds
  • Grid trading
  • Arbitrage trading
  • Hedge trading
  • Latency trading
  • Reverse trading
  • Tick scalping
  • Hyperactivity
  • Account cycling/rotation
  • Gambling behavior
  • Trade stacking
  • Group hedging
  • Overleveraging
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