This time Forex Prop Reviews, we will be reviewing a funding program for you. The newest funding program of a very well-known prop trading firm Finotive Funding. So, before Finotive Funding offered two funding programs, they had the two-step Challenge and instant funding program accounts. However, recently, they added a third one, a One-Step Challenge.
So, let’s see what Finotive Funding’s One-Step Challenge is.
Finotive Funding One-Step Challenge Review
Finotive Funding’s One-Step Challenge account aims to identify disciplined and talented traders who are rewarded for their consistency in a one-phase evaluation period. The program differs from the other two since one is a two-step challenge, where you’re obviously required to pass two evaluation stages. While the other is an instant funding program that allows you to start earning from the start and skip the evaluation.
So, let’s take a look at what this program offers:
The One-Step Challenge accounts allow trading:
- Forex pairs
With 1:100 up to 1:400 leverage depending on the account size you choose.
Finotive Funding allows traders to choose from seven different One-Step Challenge accounts. You can choose between:
The Finotive Funding One-Step Challenge has the same trading objectives and rules for all account sizes.
Finotive Funding One-Step Challenge Trading Objectives
The evaluation phase requires a Trader to reach a profit Target of 10% while not surpassing their 4% maximum daily loss or 7.5% maximum overall loss rules. The evaluation account has no minimum or maximum trading day requirements. The only requirement to become funded is hitting the profit Target.
By completing the evaluation phase, you are awarded a funded account. You have no profit targets for the Funded account. You must only respect the 4% maximum daily loss and 7.5% maximum overall loss rules.
One Step evaluation program accounts have a scaling plan now. To become eligible to scale your account, the only requirement is to reach a profit Target.
The essential rules are:
- The Profit Target for the evaluation phase is 10%. However, when you reach funded status, a withdrawal Profit Target of 2.5% exists.
- Maximum daily loss and maximum overall loss limits are supercritical. Finotive Funding One-Step Challenge account sizes have a maximum daily loss of 4%, and the maximum overall loss is 7.5%.
- The next rule is probably the most important: the No gambling mentality rule. Traders are not allowed to trade based on an “All or Nothing” mentality. Violating this rule can prevent the progress from evaluation to funded status, refusal to provide a withdrawal of profits, or refusal to scale your funded account.
There are certainly more details about the Finotive Funding One-Step Challenge. So, why don’t you take a look at the video to learn all about it: