How to Trade the Big 3 News Events in Prop Firms
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CEO Oliver Newland
Date Created April 2024
Finotive Funding
Years In Operation: 4
Date Created April 2024
4.1 out of 5 Trustpilot

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Firm Overview

TRADABLE MARKETS:
CFDs
PAYMENT METHODS:
Credit/Debit Card
Credit/Debit Card
Crypto
Crypto
Finotive Pay
PayPal
PayPal
PLATFORM:
MT5
Available Support Channels:
Discord
Discord
Email
Email
Live Chat
Live Chat
24/7 SUPPORT AVAILABLE
Payout Methods:

Commissions

Funded Stage Only:
  • Forex – 0.0040%.
  • Indices – 0.0040%.
  • Energy – 0.0040%-0.0050%.
  • Metals – 0.0040%-0.0050%.
  • Stocks – 0%.
  • Crypto – 0.0040%-0.0600%

Consistency Rules

  • No consistency rules.

Firm Rules

  1. Notional Volume – Open Position Notional Value = Lot Size × Current Market Price. All open trades are added together to calculate total notional exposure. This figure is compared with account size to ensure you are not over leveraged. Repeated violations will be classed as a hard breach or could lead to payout reductions. You can see the Notional Volume Limit of each account size at this link: https://help.finotivefunding.com/en/articles/60-what-is-notional-volume-and-why-does-it-matter. Each strike in the funded phase leads to a 10% reduction in the next payout cycle.
  2. Inactivity Rule – Inactive if there are no new trades opened every 30 calendar days. Open positions do not count, must open new trades to avoid inactivity. Can lead to account closure if you do not reactivate the account after the warnings.
  3. Weekend Holding – Is allowed without restriction on all accounts.
  4. News Trading – There are no restrictions around news trading. However, news straddling (opening buy and sell positions around news) is not allowed.
  5. Trade Quantity Consistency – A breach of this rule will be a soft breach and will lead to the account being downgraded to a standard funded challenge account of the equivalent size. The Pro benefits will be revoked.
    1. Pro Funded Accounts – Beginning 30 days after Funded Status is achieved, you are assessed on a rolling seven-day period:
      • Trade Quantity Consistency – Weekly trade count must remain within ±25% of the averages from the Challenge and the first 30 Days during Funded.
      • Symbol Consistency – Top 5 instruments by volume during must remain within ±25%. Same for “Other” instruments.
  6. Quarterly Profit Target (Pro Traders Only) – Must achieve a minimum cumulative profit of 5% every 90 days. Includes realised and unrealised profits. Breaches will lead to a downgrade, with loss of the Pro benefits.

Payout Policy

Payout Policy
  • Profit Splits:
    • Instant Funding (Standard) – 75% initially, scalable in 5% increments up to 90%.
    • Instant Funding Lite – 70% initially, scalable in 5% increments up to 85%.
    • Pro Accounts – Increased to 100% after 30 days funded while a trader has Pro status.
    • Challenge Accounts – 80% by default, but can increase to 95% through the scaling plan. To learn more about the Scaling Plan see this link: https://finotivefunding.com/terms-and-conditions and navigate to Sections 8.4, 9.4, 10.9.
  1. Minimum Withdrawal Amount – $10.
  2. Cool Down Period – Minimum seven calendar days between successive withdrawal requests (14 Days for Instant Funding Lite).
  3. Monthly Salary (Pro Accounts) – Equivalent to 1% of the purchased capital for every 30 calendar day period.
  4. Minimum Profitable Days – A profitable day is where your balance at the end of the day is at least 0.5% higher than the previous day.
    1. Challenge – 1 Step: 3 days (in evaluation); 2 Step: 2 days before each payout.
    2. Instant – Standard: 0 days; Lite: 5 days.
    3. Pro – 1 Step: 3 days (in evaluation); 2 Step: 2 days before each payout.

KYC

  • Must complete KYC right after purchase.

Restricted Countries

North Korea
North Korea

Frequently Asked Questions

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Finotive Funding

Yes, for Challenge and Pro accounts, the initial fee is refunded if you remain profitable on the 30th day after funding and have not committed a hard breach. The refund is processed automatically and is not connected to payout requests. 

Yes, but it is at the Sole discretion of Finotive. They may permit you to refresh a Funded Challenge Account or a Funded Pro account 3 times per funded account as long as it is within 10% of its maximum drawdown. You will have to pay a fee. 

Yes, there are 7-day trial accounts that let you experience FInotive’s trading environment.

  1. Challenge and Pro Accounts – Up to $600,000 in purchased capital.
  2. Instant Funding – Up to $200,000

Yes, as long as you have designed and coded them yourself. Pre-built EAs are not permitted. EAs must not trade using the prohibited behaviours, see more here: https://help.finotivefunding.com/en/articles/70-can-i-use-expert-advisors-eas

Finotive Funding Prop Firm Challenges

FIRM
PROFIT TARGET
DAILY LOSS
MAX LOSS
PROFIT SPLIT
PAYOUT FRE.
PRICE

No challenges available for this firm yet.

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