Finotive has introduced LaunchPad, an initiative designed to test limited financial products before their potential permanent implementation. The first release under this program is Solo FX, a two-phase simulated evaluation focused exclusively on the Forex market that removes several operational restrictions common in the firm.
Evaluation Structure and Objectives
The Solo FX (LP-1) program consists of a simulated trading account with a profit target of 10% in Phase 1 and 5% in Phase 2. The maximum drawdown is set at a 10% static limit, while the daily drawdown is 5% static, recalculated at 17:00 New York time based on the previous close balance and including floating losses.
This product is strictly limited to the Forex pairs enabled in the dashboard. Trading metals (including XAUUSD), indices, energies, commodities, stocks, or cryptocurrencies is not permitted. The platform used is MetaTrader 5, and the maximum leverage is 1:33.
Operational Flexibility and New Conditions
Solo FX stands out by eliminating specific rules found in other Finotive programs. It does not have a consistency rule, does not require the use of stop losses, and does not apply profit concentration or minimum trade duration restrictions. However, this does not mean a total absence of rules; practices such as latency arbitrage, execution abuse, or manipulation remain prohibited.
In the simulated funded stage, an 80% profit split is applied with payouts every 7 days, although the first withdrawal can only be requested after 14 calendar days. A minimum of 4 profitable days is required, defined as days with at least 0.5% profit. Additionally, there is a floating drawdown limit of 2.5% of the initial balance calculated per symbol; breaching this reduces the cycle's reward to 10%.
Technical Restrictions and Official Contradictions
The use of Expert Advisors (EAs) and any automated execution systems is strictly prohibited, as is the use of VPNs or proxies to hide location. While trading during high-impact news is allowed, there is a contradiction in official sources regarding news straddling: while the dashboard prohibits it, the specific terms appear to deactivate this restriction. It is recommended to confirm this point with technical support.
Another significant discrepancy affects the fee refund. Promotional material indicates it is returned after 30 days in a funded state with profits, while the legal terms (Schedule 10A-1) state that the refund is processed upon approval of the first payout request. According to the firm's regulations, the legal terms prevail over the dashboard.
Availability and Launch Pricing
Solo FX will be available for a period of 14 calendar days or until an aggregate balance of $20 million is reached. Current prices include a 50% discount using the code LAUNCHPAD1:
$2,500 Account: $12.50
$5,000 Account: $22.50
$10,000 Account: $40.00
$25,000 Account: $102.50
The maximum accumulated rewards per account are limited to $50,000. Users are advised to review the current conditions in the official dashboard before making any purchase, given the experimental nature of the product.
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