Disliked{quote} So, in your example the account increased 1.25x from 250K to 320K but DD increased 2.24x from 20K to 44.8K That's pretty good.Ignored
The owls are not what they seem
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
Disliked{quote} So, in your example the account increased 1.25x from 250K to 320K but DD increased 2.24x from 20K to 44.8K That's pretty good.Ignored
Disliked{quote} Yes, exactly. And that 320k is equivalent to almost 450k account with 10% DDIgnored
Disliked{quote} Have you seen the Finotive Funding scaling plan? It's crazy good {image}Ignored
Disliked{quote} Have you seen the Finotive Funding scaling plan? It's crazy good {image}Ignored
QuoteDisliked8.13. ACCOUNT SCALING
8.13.1. If the trader achieves the scaling target, they may choose to exchange their profits for a larger (scaled) account.
8.13.2. If they chose to scale, the trader understands that they fully forfeit the profits exchanged, as these cannot be withdrawn. I.e., The trader cannot use the same profits to scale and withdraw.
QuoteDisliked7.4.2 Traders may:
(a) Use Expert Advisors for Challenge Accounts but will have a fixed profit split of 25% and will not be allowed to Scale.
QuoteDisliked8.10. PHASE 3 ACCOUNT SPECIFICS
8. 10.1 Upon achieving funded status, the trader will be required to read and sign a Funded Trader Agreement (FTA), and also pass our KYC process before they are eligible for any Withdrawals or Account Scaling.
8. 10.2 In order to protect our capital, traders who have failed previous funded accounts (either Challenge Phase 3 or Instant Funding) will be capped to a profit split of 25%, with no scaling options. When all losses have been covered by Finotive Funding’s 75% profit share, the Trader will be reinstated...
Disliked{quote} I have but I don't like it so much as you cannot withdraw the profit if you choose to scale. Also, you can only have 3 open positions at the time with them. If you open 4th even by mistake you loose your account.Ignored
Disliked{quote} That's not as good as it seems. First: {quote} Source: https://finotivefunding.com/terms-and-conditions Let's focus on what you highlight of 200K. With 200K you have a DD of 20K. With 340K you have a DD of 34K To go from 200K to 340K you have to make 8% profit, which is 16K, and you fully forfeit it, as per conditions. So you make 16K profit (forfeit) and they provide 14K additional DD. It's a bad deal IMO. Not sure if relevant but scaling is not allowed with EAs: {quote} Just a final note: Finotive Funding is a good company to...Ignored
Disliked{quote} Actually they scale both. With every profit split they increase your DD by 1% up until 14% but they also put back the whole profit you made on your account as a balance increase. So your DD increases twice E.g. you start with 250k / 8% and make say 10k for every profit split. Your account balance and DD increases like that: 250k - 8% - DD 20k 260k - 9% - 23.3k 270k - 10% - 27k 280k - 11% - 30.8k 290k - 12% - 34.8k 300k - 13% - 39k 310k - 14% - 43.4k 320k - 14% - 44.8k ... further on your DD% stays at 14% but your balance scales up until...Ignored
Disliked{quote}Found a good website and review that have all rules in one place https://forexpropreviews.com/Proprie...otive-funding/Ignored
Disliked{quote} Yep, they have a lot of rules, and it's not good that you need to invest your own profit for a scale-up. Found a good website and review that have all rules in one place https://forexpropreviews.com/Proprie...otive-funding/Ignored
DislikedHello, does anyone here have an account that is more than 1 year age?Ignored
Disliked{quote} Actually they scale both. With every profit split they increase your DD by 1% up until 14% but they also put back the whole profit you made on your account as a balance increase. So your DD increases twice E.g. you start with 250k / 8% and make say 10k for every profit split. Your account balance and DD increases like that: 250k - 8% - DD 20k 260k - 9% - 23.3k 270k - 10% - 27k 280k - 11% - 30.8k 290k - 12% - 34.8k 300k - 13% - 39k 310k - 14% - 43.4k 320k - 14% - 44.8k ... further on your DD% stays at 14% but your balance scales up until...Ignored
Disliked{quote} On all programs? I was under impression it was the Elev8 program only. That is awesome, if it's across the board.Ignored
Disliked{quote} Yes, it's on all programs. They advertise ELEV8 as ideal for scaling but it actually offers less scaling benefits than E8. Its only advantage is you can reach 90:10 profit split eventuallyIgnored
DislikedHello, does anyone here have an account that is more than 1 year age?Ignored