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 the assessment without weekend holding add on then you won’t be able to change half way through the assessment.
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.
On our standard one phase challenge the leverage is set at 10:1 on all accounts.
⚠️ Each trading account has a maximum lots rule determining each account’s maximum exposure.
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.
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.
⚠️ You will need this upgrade if you use a trade copier, as they send orders to MT4 without a stop loss and add them afterwards.
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.
⚠️ The weekend trading upgrade does not allow you to trade on weekends, only to hold positions over weekends.