Finotive has announced the first in a series of major updates aimed at improving transparency and user experience on its platform, building on the risk transparency dashboard launched days earlier. Following the launch of its new metrics, the firm reports that 99% of payout requests are being approved in under 5 seconds, achieving the highest payout volume in the company's history.
Martingale and Realised-Loss Recovery Adjustments
One of the most significant changes focuses on the Martingale / Realised-Loss Recovery rule, designed to offer greater flexibility to traders:
- Volume Increase: The allowed volume increase has been raised from 30% to 100%.
- Assessment Method: The rule is now assessed on a two-trade basis on the same symbol, using the cumulative realised-loss volume as the reference point.
- Daily Reset: The monitoring sequence will now reset daily at 17:00 New York Time. Open trades will be carried forward for monitoring into the next trading day where applicable.
Dashboard and UI Improvements
The firm is also implementing visual and functional changes to the dashboard to prevent confusion before requesting a payout:
- Clearer Notifications: Improved alerts for account resets and more precise wording of the rules.
- Execution Timers: Timers have been added for trades opened under 10 seconds; the warning will automatically disappear once that time is exceeded.
- Visual Feedback: New countdown timers for Daily Drawdown, Min Profitable Days, and Martingale rules, allowing traders to identify the end of the trading day regardless of their time zone.
These modifications aim to prioritize rule clarity before payout, moving away from the industry trend of competing solely through temporary discounts.
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