On April 23, 2021, Oliver Newland established the prop firm Finotive Funding. Their offices are in Budapest, Hungary, and they allow traders to work with a balance of up to $11,410,000, with profit splits ranging from 75% to 95%.
Their headquarters are at Honvéd utca 8. 1st floor, 1054 Budapest, Hungary.
- Unlimited evaluation-free retries
- Overnight and weekend holding allowed
- News trading allowed
- Scaling account option up to $3,200,000
- Profit split up to 95%
Finotive Funding aims to offer a way for retail traders to fast-track the evaluation process and the growth of their capital to generate significantly higher monthly returns.
Additionally, they have created Finotive Markets, their brokerage, which is expected to be fully regulated by the end of 2022.
Finotive Funding Trade of the Week
Finotive Funding shared its trade of the week. The firm shared the statistics of the trade. The firm shares these statistics to encourage other traders and show the firm’s growth.
This week’s Trade of the Week is brought to you by George, who achieved $10,110 profit on a single trade on his $100k Instant Funding account. With a 30 pip stop loss risking 1% of his account balance, the trade returned a 10.11 reward equalling 10.11%.
The trade hit his TP more than once. However, the first time did not trigger due to a big move on the back of the Fed rate decision causing slightly spreads than usual.
The following are some interesting facts about the trade:
- Instrument: USD/JPY
- Risk/Reward: 10.11
- PIPS Won: 303.2
- Risk (100k A/C): 1.0%
- Entry price: 137.752
- Stop Loss: 138.052 (30.0 pips)
- Take profit: 134.720 (303.2 pips)
It was an impressive trade. This is a fine example of excellent risk management! Congratulations to the trader!
Also, you can get a 5% Off + 5% Profit split increase by using Forex Prop Reviews special discount code (FOREXPROPREVIEWS). And if you want to read about Prop firm’s forex pair commissions, click on the link.