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.
👍 Did you know Nordic Funder refunds your assessment fee after reaching 10% profit in your funded 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 an assessment with 1:10 leverage, that’s what you’ll have when you receive funding; it’s not possible to change after passing.
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 from $25,000 to $400,000, with prices starting from $250. The account size determines the assessment fee and is the basis of add-on surcharges.
All Nordic Funder accounts are scaling by default, which means that each time you reach 10% profit, you’ll qualify for double the amount of funding.
By default, all accounts have 10:1 leverage. However, you can optionally double your account leverage. Keep in mind that increasing your leverage comes with greater risk for our capital, due to which the assessment fee is increased by 25%.
Example: If you buy a $25,000 account for $250, you’ll be charged an extra $50 to double your leverage.
By default, we have a 50/50 profit share with our traders, where you keep half the profit, and we keep the other half. However, you can increase your profit share to 70% or 90% for an additional fee paid before the assessment.
For a 70/30 profit share, we charge 10% of the assessment fee; for a 90/10 profit share, we charge 20%. Since this feature reduces our potential profits from successful trading, we apply a fee.
Example: If you buy a $25,000 account for $250, you’ll be charged an extra $25 to increase your profit share to 70%.
By default, the Nordic Funder program requires a mandatory stop loss on all orders, but you can disable this requirement. Due to the additional risk from trading without a stop loss, we charge 10% of the assessment.
Example: If you buy a $25,000 account for $250, you’ll be charged an extra $25 to submit orders without a stop loss.
By default, the Nordic Funder program requires all positions to be closed before 20:30 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.
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