When it comes to seeking funding from online proprietary trading firms, traders typically have two choices; prove their ability with an evaluation or opt for an instant funding model.
Both have their pros and cons, but for those seeking an instant funding model, Stocknet Institute has a great deal to offer.
This firm has simplified the process of boosting your trading capital. With clear and reasonable rules, a user-friendly dashboard and a generous growth plan, Stocknet are certainly a top choice for those seeking this kind of funding.
In this review, we will cover all you need to know about this firm to make an informed choice of whether this is the right option for you.
- About Stocknet Insistute
- Promo / Coupon Code and Link to Stocknet Institute
- Why Choose the Instant Funding Model?
- Stocknet Institue – Pros and Cons
- Earnings Case Study
- Funding Models Available
- Getting Paid
- The Dashboard – Traders Hub
- Rules and Restrictions
- The Trading Environment
- Stocknet Insitute Pay-out Proofs
- Third-Party Reviews
- Getting Started with Stocknet Institute
- Frequently Asked Questions
About Stocknet Insistute
Stocknet Insistute was founded in 2021 by Nicholas Hall and Aaron Robert Wright. They are based in Newcastle, UK, but provide funding to traders across the globe.
As per their mission statement, these guys take a different approach to funding. They prefer to build strong and loyal relationships with their traders as opposed to simply recruiting as many traders as possible.
Their actions and results back up their mission statement. For example,
- They have a 4.8/5 TrustPilot rating. This is among the highest in the industry.
- Feedback from our members at Prop Traders Club has been amazing.
- The trader support they provide is quick, professional and friendly.
- They do not offer an affiliate program, instead opting to grow naturally based on their reputation as a high-quality firm. This also allows them to focus on providing the best level of service to their current traders.
Promo / Coupon Code and Link to Stocknet Institute
The team at Stocknet have generously offered to provide our members with a 10% Discount, usable on any account.
Simply input the following code at checkout to claim your discount: PTC-10
Click here to head to Stocknet Institut
Why Choose the Instant Funding Model?
Before we look deeper into this firm, I wanted to explore the pros and cons of the instant funding model. After all, Stocknet Institute has focused on this particular style of funding.
So, let’s explore the main differences between the two popular funding models within the prop firm industry.
- Earn your share of the profits from the first trade.
- No unrealistic profit targets.
- Typically has a faster scaling program.
- Tends to cost more than an equivalent challenge model.
- Required to prove your ability before earning a share of the profits.
- Expected to make as much as 10% profit in a single month.
- Typically scales once every few months.
- Costs tend to be lower due to less risk exposure to the firm.
Stocknet Institue – Pros and Cons
- High Max Drawdown – Traders are given a fantastic max drawdown of 8%/12% (Standard/Dynamic). This is miles ahead of the standard 5% most instant funding models provide.
- Fast and Simple Scaling – This firm provides an excellent system to grow the trader’s capital. Simply hit 10% profit and receive a 100% boost of capital.
- Great Support – One recurring theme in most reviews of this firm is excellent trader support.
- Limited Educational Resources – Whilst Stocknet does have a great course available to download on their discord, we would like to see more educational content in the future.
Earnings Case Study
To get an idea of what kind of returns you can expect with this firm, let’s explore the returns of a trader who averages 5% returns monthly over a 24-month period.
As always, remember this is just to give you an idea of the earning potential. This level of consistent earnings will require a high level of skill, discipline and a strong focus on risk management.
That said, the following table looks at the statistics of this particular trader.
|Month||Capital||Profit Share||Profit||Your Share||Culm. Profit|
As you can see, the profits grow exponentially due to the combination of capital and profit split scaling.
Starting with a $5000 account, you can expect to earn a full-time income by the end of year one, depending on personal circumstances, of course.
Alternatively, you can opt for a larger initial balance and achieve this much sooner. See the chart below for an idea of what your monthly earnings may look like with each account.
Again, this is based on earning an average of 5% per month, you may need to adjust this based on your own returns.
Funding Models Available
The evolution model is the main funding model offered by Stocknet. It is an instant funding program with a fast and simple scaling option.
As you can see, the drawdown is set at a generous 8% with no daily drawdown.
Leverage is among the highest around at 1:200 which can be useful if your strategy relies on small price movements.
The profit split ranges from 50% to 75% depending on which level you are on. See below for prices and details on profit share.
|$160,000||55%||Only Available with Scaling|
|$320,000||60%||Only Available with Scaling|
|$640,000||65%||Only Available with Scaling|
|$1,280,000||75%||Only Available with Scaling|
Dynamic mode is a recent update from this firm which allows the trader to opt for a larger overall drawdown.
There are a few differences to note with this option.
- Max drawdown is increased from 8% to 12%.
- The scaling target is increased from 10% to 15%.
- The price of the account is increased by 50%.
This option will likely benefit traders who use more aggressive strategies. Additionally, it may help newer traders who could use a little extra buffer on their drawdown.
Traders can request to receive their share of the profits every Friday (cut-off time 16:00 GMT). This can be done from within the trader’s hub. When approved, the payment will be sent on the following Monday.
Furthermore, traders may also request a payout at the same time as scaling, giving the ability to withdraw twice in one week.
There are three options to withdraw profits:
- Bank Transfer
Crypto and Wise payments are typically instant whilst bank transfers may vary according to bank/country.
The Dashboard – Traders Hub
In order to provide traders with the best possible experience, this firm has recently launched a new dashboard, named the Traders Hub.
Within the Traders Hub, users can find:
On this screen, you can explore various statistics based on your trading such as:
- Average return
- Win rate
- Total trades
- Best/Worst Trade
You can also see how much profit you are eligible to withdraw. A button will appear here on Fridays that enable you to withdraw your profits.
This is a tool to track each of your trades. You can find a daily overview to see how you are getting on, on that particular day.
This is a simple page which displays current balance and provides links to other pages.
You can use this screen to purchase additional accounts. Note, the Quickstart option will no longer be available from 2023 onwards.
Here you can see any notifications triggered on your account. You can also see any announcements and updates from Stocknet.
Rules and Restrictions
In terms of rules and restrictions, Stocknet Institute is relatively relaxed. Rather than setting countless rules to follow they instead ask the trade to use their own judgement and trade responsibly.
It is highly advised to check out the dedicated Rules Page to get the full picture.
Expert Advisors & Copy Trading
Stocknet makes it simple in regards to expert advisors; all expert advisors are allowed without restriction. So long as the bot/EA can follow all the other rules it will be allowed to be used.
Even trade copiers from other accounts are allowed with this program.
As mentioned, this firm expects its traders to have a fundamental understanding of risk management.
Traders should practice good risk management techniques such as:
- Using a reasonable and proportionate lot size.
- Using stop-loss orders, particularly in volatile markets. (Stop-loss orders are not required, however).
- Avoiding high-risk strategies such as martingale systems.
As we covered, these are not set-in-stone rules, but more guidelines that Stocknet ask the trader to consider.
That said, if a trader is clearly using the account for gambling (I.e., Using very large lot sizes with no stop-loss), this will result in a hard breach and the account being forfeited.
Some popular firms such as FTMO restrict your trading around high-impact news events. This firm does not place any restrictions on trading on/around the news.
However, they do strongly advise that the trader takes extra precautions in this regard. As with any prop firm (or retail broker) the liquidity/spreads can be unpredictable around high-impact news events.
A key point to note, however, is the rule that trades must be opened for a minimum of 5 seconds. Keep this in mind when trading around the news.
Overnight and Weekend Holding
Bother weekend holding and overnight holding are allowed. However, it is important to note, liquidity is often removed from the markets at this time which can have a dramatic impact on spreads.
Furthermore, Crypto trading is also allowed during the weekend.
As for trading styles, there are a couple of restrictions.
For one, high-frequency hedging is not allowed. For clarity, the definition of this is outlined below.
We allow standard hedging on our funded accounts. However, high frequency hedging is not allowed. Thus, entering a buy and a sell of the same pair within 10 seconds of each other is not allowed and will result in an account breach. We do this to protect our capital from the negative effects of arbitrage trading styles which cannot be replicated on our central fund and cause excessive risk to our capital.
Another rule to be aware of is all trades must remain open for a minimum of 5 seconds. Therefore, it is important to make sure your stop-loss is not so tight as to breach this rule.
Additionally, you must be careful trading around the news as prices can fluctuate rapidly which may cause a trade to close in under 5 seconds.
If you plan on using an expert advisor, it’s vital to ensure that it can abide by the above rules.
The Trading Environment
One important point you should consider when choosing a prop firm is the liquidity provider/broker they partner with.
Below we will cover the broker and the trading conditions set by this firm.
The Broker – Blueberry Markets
Stocknet Institute has partnered with Blueberry Markets to use as their dedicated broker.
Blueberry Markets are an Australian retail broker headed by Dean Hyde. Whilst this broker is not a common choice for prop firms, they seem to be able to offer great trade execution with reasonable fees.
Check out the video below for an overview of this broker.
Platform and Tradable Instruments
When signing up for an account, the trader will be given the choice of Metatrader 4 or Metatrader 5 to use as their trading platform.
Both MT4 and MT5 will have different levels of liquidity for each asset. Stocknet advises those who trade primarily in indices to use Metatrader 4.
If you have an expert advisor that is built in mql4, it would also require you to choose the MT4 platform. For most others, Metatrader 5 will likely be preferred.
As for tradable instruments, see below:
- Forex Majors
- Forex Minors
- UK Oil
- US Oil
- Bitcoin Cash
- Stella, Dash, Monero, Polkadot and Cardano
Currently over 50 stocks are available to trade.
- Major Indexes including SPX500, US30, UK100, GER30 + More
- Minor Indexes including USDOLLAR, VIX, HK50, US2000, USDX
The Spreads and Commissions
The commissions for forex are $6 per lot. For all other instruments, there are no commissions.
Spreads for FX pairs are RAW with a typical 0.0 to 0.5 pip spread.
I made some trades in the London session, as well as the New York session and the spreads, which have been tight and consistent. See below for the spreads at the time of writing (Mid-week, London session).
Stocknet Insitute Pay-out Proofs
When choosing an online prop firm to partner with, it’s vital to do your due diligence. Checking things such as company location, CEO details and reviews are all great ideas.
Another popular method of ensuring you’re dealing with a legitimate firm is to check for pay-out proofs. This is where traders within the firm share pictures of their pay-outs, usually in discord or another social channel.
Here are some recent payouts posted by Stocknet Institute traders.
In the Prop Traders Club Facebook group, many traders have positive experiences to share about this firm. This is echoed by their TrustPilot reviews also, with a rating of 4.8.
Let’s look at some of the comments from TrustPilot.
If you would like some more first-hand experiences of this firm, why not make a post in the Prop Traders Club Facebook group? Click here to head over now.
You can also see what others are saying on our Prop Traders Club Android app. Click here to check it out now!
Getting Started with Stocknet Institute
If you feel this firm suits your funding needs, read on the find out how to get started with Stocknet Institute.
Step 1 – Familiarise Yourself with the Rules
Ensure you have a full understanding of all the rules before purchasing any account. You can find a full list of the rules here: Rules – Stocknet Institute.
If you are unsure of anything, it is best to reach out to support at this point for clarification.
Step 2 – Pick Your Funding Option and Complete the Checkout
Next, simply choose your funding model and starting capital and add it to the cart. Then, head to the checkout and complete the order.
Don’t forget to use the promo code: PTC-10 for 10% off any program!
Step 3 – Download the Platform and Complete KYC
Upon completing checkout you will receive an automated email with your login details for the Traders Hub and Metatrader account.
Trading will be restricted until the KYC has been completed. You will receive an email from the support team within business hours with a link to complete the KYC process with their partner DEEL.
The process includes providing your details and ID to DEEL and (digitally) signing a contract.
When this has been received and confirmed, you are good to go!
Your welcome email will include a link to download the Metatrader platform. It is available on PC, Mac and Mobile.
Step 4 – Trade, Scale and Earn
Launch your Metatrader console and begin trading!
So long as you are in profit at the end of the week, you can request your payout.
Keep track of your profit/loss in the trader’s hub. From here you can also request to scale your account as well as monitor your trading statistics to look for weak/strong spots.
All in all, if you are an experienced trader looking for an instant funding option to boost your capital, Stocknet Institute are certainly worth considering.
They provide their members with the leeway to trade using their own style and strategy without having to feel restrained by countless rules.
The scaling model is also second to none, with a clear and simple path to increasing your capital.
Furthermore, the level of trader support is excellent and will allow the trader to focus on executing their trading plan and growing their capital.
Taking this all into account, we will happily recommend this firm to our members.
Frequently Asked Questions
What payment methods can I use to purchase an account?
Currently, you can use bank transfers or cryptocurrencies to purchase an account. Card payments will soon be added.
How many accounts can I have?
You can have a maximum of three accounts at one time. The exception to this is when all accounts reach max funding (see below).
What is the maximum amount of funding I can manage?
There is no limit on the maximum amount of funding. When you have achieved maximum scaling across three separate accounts, you will be allowed to open another three.
Are traders given live or demo accounts?
All accounts will be on a demo server designed to replicate live market conditions. This is required to comply with FSMA regulations.
Are there any restricted countries?
Whilst anyone can sign up for an account, there are a number of countries to which payments cannot be sent to. See below for the full list.
Afghanistan, Burundi, Central African Republic, Congo Republic, Cuba, Crimea, Democratic Republic of Congo, Eritrea, Guinea, Guinea-Bissau, Iran, Iraq, Liberia, Libya, Myanmar, North Korea, Papua New Guinea, Somalia, South Sudan, Sudan, Syria, Vanuatu, Venezuela, Yemen and Zimbabwe.