RivaFx

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New to RivaFX

 

Our goal is to support traders' success on a personal level. We care about you and your experience with us.

 

We want to succeed together. We provide in-depth information on our trading programs, transparency on how we partner with you, and how we make money to create an exceptional environment to drive success. 

 

 

We built RivaFx to be the most transparent and trader-friendly prop firm. We want to help traders succeed and maximize their chances for funded accounts and a profitable future. We believe our industry has not done enough to ensure trader success or help less skilled traders avoid costly mistakes.

 

We help traders with different levels of experience and objectives achieve their goals. From providing support to new traders through simulated phased programs to expediting scaling and funded account qualification for experienced traders.

 

RivaFx and its funding partner focus profiting with traders and maximizing their potential on every trade and strategy, with no risk beyond the fee to the trader.

 

 

RivaFx follows the banking prohibition rules that regretfully limits our ability to serve everyone and prohibit us from accepting accounts from the following countries: Iran, Syria, North Korea, and Cuba.

 

RivaFx built the most trader friendly and protective programs of any prop firm. We aim to minimize any fees, and maximize profitability. 

We can't give you advice or make recommendations. We can only share our goals for each program and let you decide independently. However, think carefully about your fee budget and your goals. 

Please review and study the different programs and compare them with your goals and budget before making any decisions. 

Fast Track Program: This program is meant for low to high-level experienced traders with a two-stage evaluation and scaled funding goal options. 

Rapid Pass Program: This the fastest way to test your skills and qualify for a profit-share funded account. 

 You can qualify in as little as one day and get all the benefits of an instant funded account but with 40% more capital in the profit share funded account and without the risk of losing large fees.

 

The value of a funded trader is the opportunity to share in profits of large funded accounts without any risk of sharing in trading losses. 

 

As a prop trader, you may grow to share in the profits of a prop firm's account with large funding balances that could reach millions.

 

It requires a lot of hard work to become a successful trader. If you've put in the time to learn, test, and build your trading and effective risk management strategies, a prop firm is a way to access the capital you need to succeed.

 

Most traders with the talent to trade don't have access to large pools of capital, and a prop firm is a fast way to get capitalized, make real income, and build a track record.

 

 

Following simple trading rules can promote your and our effective risk management and the development of successful trading strategies. 

 

The trading rules promote discipline and responsible trading, which help you avoid taking excessive risks, such as over-trading, revenge trading, and over-leveraging. 

 

They also help you create a consistent trading strategy that can be better hedged and funded by the prop firm.

 

 

RivaFx provides tools for traders to learn and educate themselves in simulated and real-time market environments. We believe that education is crucial to a successful trader. We strive to make ongoing improvements and provide the tools and applications to assist you.

 

 

If your account violates a drawdown rule, you can start over if you like and reset the account through your dashboard. We charge a reset fee equal to the original plan sign-up fee minus a 10% discount. You can only reset the same plan in the account.

 

 

Some limitations are necessary to apply a prudent risk management strategy and promote successful trading that works in real markets.

 

The following trading strategies are prohibited and may lead to the closure and termination of your accounts.

  • Any trading behavior which takes advantage of demo servers or inefficiencies of data, brokerage, or technology providers, is not permitted and can lead to the closure of your accounts. 
  • No gap trading; latency arbitrage; long-short arbitrage; reverse arbitrage; or opposite account trading are allowed. Any of these trading behaviors or strategies will result in account removal and termination.

 

The risk management algorithms monitor accounts and will detect and immediately flag these trades to the risk desk. The risk desk may immediately close your account and will not provide a refund for any paid sign-up or other fees.

 

 

You can trade news with no restrictions. Please be cautious and alert while trading news as markets change rapidly.

 

 

To the best of our knowledge and in almost all geographies we cover, you do not need a license to trade prop firm capital. RivaFx is not a broker and does not accept any funds or deposits from third parties.

 

 

Yes. You will be asked to provide personal information to enable us to complete Know-Your-Customer (KYC) compliance requirements and also pay the correct person.

 

 

Documents to provide to SecureKYC@rivafx.com for KYC and account purposes include:

 

  1. An official Government ID, preferably a Passport or Driver’s License.
  2. A Proof of Address documents, such as one of the following: Bank statement (redacted details accepted), utility bill, phone bill, or tax documents accepted as long as it is clear and contains your full and exact name and address.
  3. Signed agreements with RivaFx and its prop firm partner Monata Ltd. 

 

 

You are responsible for your username and password. You must not share these with anyone. You can reset your account with us if you forget your password. Please beware that our members may be targets for hackers looking to steal your identity, bonus, or strategy. If your account is hacked or you lost your password, you must inform us immediately. If you don’t inform us immediately and the hacker has already damaged your account, the account may be shuttered at our sole discretion with no recovery of any losses to you or us possible. All remaining Bonuses will be paid minus a $100 fee but the account will be banned.

 

General Program Rules

 

You can check your account dashboard metrics page for updates on your drawdown, and if a violation has occurred. 

 

 

Not at the present time because traders using the same signals can overload trading servers.

 

 

USD, Euro, JPY, CHF, AUD, NZD, and Gold. Stay tuned for additional products as we grow our team and membership.

 

 

Every trader can have a maximum of 9 open trades at any one time to prevent over-trading. If you exceed this limit, we will flag your account for overtrading, and your account may be terminated.

 

 

Yes, you must close all trades before the weekend starts or risk them being closed automatically along with your account.

 

 

Your selected plan amount determines the amount for your funded account. For example, by signing up for the $50k Fast Track plan, you will be eligible for an equivalent $50k funding amount once you pass stages 1 & 2.

 

 

No. Only the account holder may place trades. The prop firm and RivaFx may liquidate your positions based on rules violations.

 

 

Violating the Funded Account rules may result in your trades' immediate closure and your account liquidation. There is no reset offered on funded accounts.

 

You can find our Rapid Scale rules here, and our Fast Track rules here

 

Fast Track Program

 

RivaFx provides you with three different plans to match your expertise, risk profile, and trading strategy. These evaluation plans enable us to build hedging and trading plans for funded prop trading accounts and eliminate losing trade strategies before using real funds.

 

The evaluation steps are:

 

1) Pass an evaluation stage, Stage 1, to demonstrate their trading skills and discipline to become a funded trader. 

 

2) Pass the second consistent performance stage, Stage 2, to demonstrate sustainable performance achieved in the first stage and your ability to trade prop firm capital. 

 

 

Keeping with our risk management principles and successful trading.

 

The following trading strategies are prohibited and may lead to the closure and termination of your accounts.

 

Any trading behavior which takes advantage of demo servers or inefficiencies of data, brokerage, or technology providers, is not permitted and can lead to the closure of your accounts. 

 

No gap trading; latency arbitrage; long-short arbitrage; reverse arbitrage; or opposite account trading are allowed. Any of these trading behaviors or strategies will result in account removal and termination.

 

Stage 1:

  • The target profit is 8% on the first stage within 30 calendar days from the date of receiving access to your account. 
  • The Daily Maximum Drawdown is 5% of the day's starting balance.
  • The Maximum Account Drawdown is 8% of the account opening/starting balance.

Stage 2:

  • The target profit is 5% on the second stage within 60 calendar days from the date of receiving access to your account. 
  • The Daily Maximum Drawdown is 5% of the day's starting balance.
  • The Maximum Account Drawdown is 8% of the account opening/starting balance.

There is a minimum of 10 trading days required for each stage.

You will need to achieve the target profit without hitting either Drawdown to pass each stage. There is no target profit for Funded accounts.

 

We require a minimum of 5 trading days on our Fast Track program, before each phase can be passed. 

 

 

The maximum leverage ratio is 1:100.

 

 

You can reset the account for a 10% discount on the original fee.

 

 

Congratulations! Please notify us by emailing support@rivafx.com, and will begin to process your reference to your Funded account and get you going ASAP.

 

 

If you pass both stages, and you choose you do not want to continue on and trade live, RivaFx will give you 3x your sign up fee, plus a full refund. 

 

Rapid Pass Program

1- Simply sign-up for a simulated 1 phase and pass. 

There is no minimum time limit, so you can even qualify in a day. 

2- If you pass, you will receive the allocation of a funded account. 

The allocation is in the amount that you signed up for and with the same thresholds and rules as the test phase.

3- Get paid a share of the profits on your trades within a week.

Simply reach out to support to claim your payouts!

Your simulated account is linked to our trading desk which takes market positions according to trades you enter. This is meant to minimize risk, slippage, and spreads.

Please read the trading rules for the Rapid Pass Program carefully and feel free to ask us any questions. We want you to succeed as we truly make money with you and not off of you.

5% of the Original Balance and no daily drawdown, subject to the following:

  1. No daily drawdown besides the overall drawdown limit.
  2. The Overall Drawdown is 5% of the overall balance or equity in your account.

 

Keeping with our risk management principles and successful trading.

 

The following trading strategies are prohibited and may lead to the closure and termination of your accounts.

 

Any trading behavior which takes advantage of demo servers or inefficiencies of data, brokerage, or technology providers, is not permitted and can lead to the closure of your accounts. 

 

No gap trading; latency arbitrage; long-short arbitrage; reverse arbitrage; or opposite account trading are allowed. Any of these trading behaviors or strategies will result in account removal and termination.

 

 

There are no minimum required trading days on Rapid Scale. 

 

 

The leverage ratio is 1:50.

 

  1. You passed the 1 phase evaluation and received your Rapid Pass funded account.
  2. Your funded account is more than one week old.
  3. You will receive 50% of the profits generated on your account.

You can withdraw such profits once a week by emailing support@rivafx.com 

We will be able to process your payment on average within 3 days.

 

You can check your account dashboard metrics page for updates on your drawdown, and if a violation has occurred. 

 

 

Not at the present time because traders using the same signals can overload trading servers.

 

 

Yes, you must close all trades before the weekend starts or risk them being closed automatically along with your account.

 

We offer free retries for the evaluation stage of Rapid Pass accounts, which end in profit.

Reach out to support to claim your free retry!

Rapid Scale Program

 

1- Simply sign-up for a simulated 1 phase and pass. 

There is no minimum time limit, so you can even qualify in a day. 

2- If you pass, you will receive the allocation of a funded account.

The allocation is in the amount that you signed up for and with the same thresholds and rules as the test phase.

3- Get paid a share of the profits on your trades within a week.

Reach out to support to claim your weekly payouts, if in profit!

3- Scale your account.

Every time a 9% profit is met, you can scale your account by 1.5x. 

Your simulated account is linked to our trading desk which takes market positions according to trades you enter. This is meant to minimize risk, slippage, and spreads.

Please read the trading rules for the Rapid Scale Program carefully and feel free to ask us any questions. We want you to succeed as we truly make money with you and not off of you.

 

 

5% of the Original Balance and no daily drawdown, subject to the following:

  1. No daily drawdown besides the overall drawdown limit.
  2. The Overall Drawdown is 5% of the overall balance or equity in your account.

 

Keeping with our risk management principles and successful trading.

 

The following trading strategies are prohibited and may lead to the closure and termination of your accounts.

 

Any trading behavior which takes advantage of demo servers or inefficiencies of data, brokerage, or technology providers, is not permitted and can lead to the closure of your accounts. 

 

No gap trading; latency arbitrage; long-short arbitrage; reverse arbitrage; or opposite account trading are allowed. Any of these trading behaviors or strategies will result in account removal and termination.

 

 

There are no minimum required trading days on Rapid Scale. 

 

 

The leverage ratio is 1:50.

 

  1. You passed the 1 phase evaluation and received your Rapid Pass funded account.
  2. Your funded account is more than one week old.
  3. You will receive 50% of the profits generated on your account.

You can withdraw such profits once a week by emailing support@rivafx.com 

We will be able to process your payment on average within 3 days.

 

You can check your account dashboard metrics page for updates on your drawdown, and if a violation has occurred. 

 

 

Not at the present time because traders using the same signals can overload trading servers.

 

 

Yes, you must close all trades before the weekend starts or risk them being closed automatically along with your account.

 

 

1.5x of the Original Balance, every time you reach a new 9% profit, subject to the following:

  1. Reach 9% above your highest starting balance in the account.
  2. Your original balance will scale up by 150%.
  3. You can scale once every week regardless of performance.
  4. All the rules that applied to the original balance will apply to the scaled balance added by the RivaFx program to your account.

An illustrative example, is the $10,000 original balance, and the new balance after trading is $10,900, then you will receive a $15,000 scaled account balance, and a 50% withdrawal bonus of your profit. 

Warning: As a new and growing prop firm, we don’t know the level of demand and success that our members may achieve, therefore we currently limit scaling to $250,000 but our goal is to exceed $5m per member in the future, which will be reserved first to our early members that reach the $250,000 milestone. 

 

Platform & Dashboard

 

We provide you access to an online dashboard containing your current balance, lowest daily and overall drawdown, completed trading days, and a graph with your balance/equity performance history.

 

 

We strive to provide excellent customer support. Please reach out any time via chat or email at support@rivafx.com.

 

Live chat is available during certain business hours.

 

Orders & Billing

 

1- To cover simulated account access, market data, software and service licenses, marketing, and overhead expenses.

2- We use fees to support our drawdown risk but give you up to 20x more drawdown protection than your fee covers. 

 

WE HIGHLY RECOMMEND THAT YOU ONLY PAY A FEE THAT YOU CAN AFFORD TO RISK.

 

 

We send account details within 24-48 hours of sign-up, approval, and payment receipt.

 

 

We do not currently offer a free trial. 

 

 

Accounts inactive for 30 straight days will be deactivated, all positions closed and you will have 30 days to claim any Bonus due in your inactive account by emailing support@rivafx.com.

 

 

We can provide a refund if you didn't trade yet and want to quit.

 

We want to get to know you and create a relationship with you before introducing our trading program.

We care about you as a trader and your experience with us. We provide in-depth information on our trading platform so that your experience can get off to a good start. Once you've decided on a program, you'll be given access to an account with a real trading platform where you can make money and qualify to advance to the next round. Our program is a step-by-step process with easy-to-follow instructions.

What is RivaFX, and how does it work?

RivaFX is a proprietary trading firm that provides capital to traders, allowing them to make more money from their trading. Traders must first pass an audition to demonstrate their trading skills and discipline to become a funded RivaFX trader. Traders will receive a funded account of up to $1 million if they complete the course successfully. Traders maintain 75% of the profit they make in their investment account

To Trade In RivaFX, what Nationality do I need?

Are you over the age of eighteen? What are you waiting for? Now is the time to apply. We value diversity and welcome people of all countries with no ethnic or cultural boundaries.

What are the benefits of becoming a funded trader?

It requires a lot of hard to become a successful trader. You've put in a lot of time polishing your talents, understanding the market, and practicing effective risk management. You merely must locate a couple of profitable trades; You've worked hard, and now it's time to reap the benefits with a funded account. After all, undercapitalization — or trading accounts too insufficient — is one of the most severe difficulties for profitable traders. You keep 75% of your gains as a funded trader. For example, if your trading talents provided a 30% return one month but you only have $5,000 to invest, a 30% return is probably not worth your time. A 30 percent return – where you keep 75 percent — on a $1 million account is a significantly greater return on investment.

Trading is, however, a risky business, and even profitable traders experience periods when they break even or lose money. You are not accountable for any losses is an indisputable advantage of trading with RivaFX. RivaFX will cover any losses.

RivaFX improves your trading beyond simply allowing you to trade our funds by requiring you to follow our simple trading rules, which promote effective risk management while not restricting your trading selections. Over-trading, revenge trading, and over-leveraging should all be avoided. Simply by joining the RivaFX team, our traders learn to manage risk more responsibly.

Do I require a license to trade here?

To become a financed trader, you don't need a license. We do not accept funds from third parties, which allows us to engage any legal service provider for our fund. We are a private fund.

Who owns the trading accounts used by traders legally?

RivaFX owns every trading account and its capital value. On a contractor-based arrangement, we allocate our funds to traders

For Technical And Trading Support, Who Should Traders Contact?

We attend to all of your demands with our most excellent customer service. Whether technical questions, minor or major problems, or trading-related questions, we think that every trader is entitled to comprehensive support and help. You can contact our customer service department. Please provide as much relevant information as possible to speed up the treatment process, such as a thorough description of the case, Your name, program and program level, Account Number, Ticket Numbers, Screenshots, and Terminal log files.
Send the information to info@rivafx.com
Please use the phrase [URGENT] in the email subject line for urgent matters.
During business hours, you can reach us via On-Site-Chat and Telephone.

What happens if I do not reach my target of 5% profit?

If you make less than 5% profit for the month, nothing will happen to your account as long as the rules are followed. Your profits are taken to the next month hoping that it makes it easier for you to become closer to the 5% target.

Is there a max daily loss?

We currently have no max daily loss rules. We operate on a max loss-only basis.

How many trades can I open?

very trader can have a maximum of 5 open trades at any one time to prevent over-trading.

Does RivaFX educate the Trader?

Yes, we do. We believe that education is crucial to a successful career as a trader. We provide a variety of traders’ tools and applications to assist you.

Is there a free trial available?

Right now, we do not have a free trial available. But we have plans to add a free trial at some point in the future.