Finotive Funding has become one of the leading legitimate prop firms in the industry that is attracting forex traders worldwide.
Finotive Funding evaluation challenge
Finotive Funding has become one of the leading legitimate proprietary trading firms in the industry that is attracting forex traders worldwide. They were incorporated on the 23rd of April, 2021 with offices based in Budapest, Hungary. They are offering traders a chance to work with capital up to $3,200,000 with a generous profit split up to 95%.
Finotive Funding offers two different funding programs. You can choose between the following:
- Evaluation challenge (two-step challenge)
- Instant funding
In this article, however, we are going to do a breakthrough of the evaluation challenge.
They offer seven different account sizes:
- $2,500 account for a one-time fee of $50
- $5,000 account for a one-time fee of $75
- $10,000 account for a one-time fee of $100
- $25,000 account for a one-time fee of $150
- $50,000 account for a one-time fee of $300
- $100,000 account for a one-time fee of $500
- $200,000 account for a one-time fee of $950
The rules of the standard challenge are the following:
- Profit target 1: 7.5%
- Profit target 2: 5%
- Daily drawdown: 5%
- Overall drawdown: 10%
- Minimum trading days: 5 calendar days
- Phase 1 maximum trading period: 30 calendar days
- Phase 2 maximum trading period: 60 calendar days
- Leverage: 1:100 up to 1:400 (depending on account size)
After successfully completing the standard challenge, you receive a funded account of the same balance as your evaluation account while also becoming eligible to profit splits of 75% (80% if you join with our affiliate link), which have the potential to increase up to 95% after you start scaling your account.
As previously mentioned, Finotive Funding also has a scaling plan for the evaluation challenge that is available to traders who are consistently profitable. The requirements to be eligible for the scaling plan are that you must reach specific profit targets for each phase.
You can see the spreadsheet of funded challenge account scaling phases below:
| Account size | Phase 1 | Phase 2 | Phase 3 | Phase 4 | Phase 5 | Phase 6 | Phase 7 | Phase 8 | Phase 9 |
| $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 | – | – | – | – | – |
| Profit target | 8% | 9% | 10% | 11% | 12% | 13% | 14% | 15% | 16% |
| Profit split | 75% | 80% | 85% | 90% | 95% | 95% | 95% | 95% | 95% |
You should also note that for the evaluation challenge, they allow the use of EAs, copy trading, and signals, however, the trader must be able to provide evidence of the source. For EAs this means submitting the source code and settings used at the end of each phase to allow us to verify trades. Copy-trading and signals, on the other hand, may only be used from pre-approved providers. If a trader cannot provide the source code or does not use a pre-approved copy trading or signal source, this is not a problem, but the trader will be capped at a 25% profit split. Account scaling is also not permitted for traders using EAs on the evaluation challenge.
Finotive Funding 5% discount code + an increased +5% profit split: FOREXPROPREVIEWS
You can visit the Finotive Funding website, or read our review.
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