This Bengaluru-based startup trains and helps students raise funds for their trading endeavours, and has helped students achieve overall funding of $1 mn+ so far

Phinaq is a platform founded and conceptualized by Harsh Bangera and Hithu Hariharan in June 2022. It aims to empower individuals of all ages with financial literacy and discipline to achieve monetary independence. With Phinaq, users are guided and empowered on their journey to financial freedom through learning about the stock market and trading.

Phinaq believes that change is an opportunity and not a threat, with the aim being to empower people across generations through financial literacy.

Phinaq has a vision of becoming a world leader in providing financial literacy and inculcating a mindset of discipline and monetary independence. The platform is not just a place to learn about trading but also a community of like-minded individuals striving for financial freedom.

Headquartered in Bengaluru, Phinaq is a premium training academy helping individuals attain the necessary skills to break the stereotypes of the stock market. The academy is rapidly contributing to creating a world of financially independent individuals by empowering them to take control of their financial futures.

Phinaq's mission to empower individuals with financial literacy is not just talking. It is a platform that is actively helping individuals achieve financial independence by providing them with the skills and knowledge they need to succeed in the trading world. 

With a mindful yet competitive approach & fueled by his passion for understanding the nuances and intricacies of the stock market, Phinaq’s founder Mr. Hithu Hariharan always believed in the idea of empowering people through financial literacy and enabling them to reach their utmost financial independence. With an experience of over 6 years, he considers himself a “forever student”, eager to both build on his foundations and fine-tunes with the latest happenings in the world.

Hithu’s hunger for knowledge and determination has enabled him to become a funded trader in the past two years, and is currently handling a capital of $200,000. This cognizance essentially has catapulted in the form of mentoring over 200+ students and counting. 

In a conversation with Startup Pedia, Co-founder Harsh Bangera says, “The platform is breaking down the intricacies of the stock market and equipping users with the knowledge and skills needed to navigate this ever-evolving industry successfully. Phinaq aims to create a world where individuals are financially independent by empowering them to take on the transformational journey of trading and the stock market.”

Phinaq offers a distinguished opportunity for aspiring traders to secure funding for their trading endeavors through the practice of Proprietary Trading or Prop Trading, which is a prevalent method in the UK and the US among intraday traders.

With a focus on performance metrics and effective strategies, Phinaq can aid in the acquisition of funding capital, which grants the trader access to the live market and real money trading after a thorough evaluation.

The profit sharing of Prop Trading Split Model is typically 80:20 and in favor of the trader, determined by the student's decision on profile and firm selection. Additionally, Phinaq's funded trader program strives to create a risk-free environment that minimizes time limits and personal capital losses, offering ample opportunities for traders to expand their accounts and nurture their trading skills.

To be eligible for funding, traders must successfully complete a funding test that entails trading in two phases. The target profit for phase one is 8%, and for phase two, it is 5%. Notably, the test is conducted using demo funds.

As of today, Phinaq has more than 6,000 community members, 300 students learning financial literacy, and over 3,000 active users. Numerous students associated with the Phinaq have already achieved approximately $1 million in funding, demonstrating its potential to become a world leader in financial education.

By joining Phinaq, individuals are not just joining a community of learners but a community of individuals dedicated to breaking stereotypes and empowering themselves to take control of their financial futures.