Unlike other prop firms with funded trader programs, we don’t offer many confusing programs. We found the right balance between managing our risk, being competitive, flexible and keeping it simple. Here’s how we do it at Nordic Funder.
Building your account
The first concept to understand is that the parameters you choose for your assessment are preserved if you pass and receive funding. The cost to participate in an assessment depends on the chosen account size and features, such as leverage. We offer many options, which may be chosen when building your Nordic Funder account.
Please think carefully before creating your assessment because changes can rarely be applied retrospectively. If you choose to take the assessment without weekend holding add on then you won’t be able to change half way through the assessment.
Choose your account size
Choosing your account size is the most critical step because it determines the amount of funding you will receive after passing your assessment. For example, if you select a $25,000 account, that’s the amount of capital you’ll have to manage in the assessment, and it’s how much you’ll have in your funded account.
You can choose from a range of account sizes within three different types of challenges depending on your preference from $10,000 to $400,000, with prices starting from $100. The account size determines the assessment fee and is the basis of add-on surcharges.
Leverage
On our standard one phase challenge the max leverage is set at 20:1 on all accounts. Some products are not eligible for 20:1 leverage.
Performance fee
By default, we have a 75/25 profit share with our traders on all accounts, where you keep three quarters of the profit, and we keep the other quarter. You are entitled to select a 90/10 profit share as an add on for an additional charge.
Disable no weekend positions
By default, the Nordic Funder program requires all positions to be closed before 21:30 GMT, but you can disable this requirement. Due to the additional risk of holding positions over weekends, we charge 10% of the assessment.
Example: If you buy a $25,000 account for $250, you’ll be charged an extra $25 to hold positions over weekends.
⚠️ Only Crypto products offer weekend trading.
