Let’s be honest; everyone joining the Nordic Funder program has the same goal – to make money trading in financial markets. But the reason for choosing Nordic Funder over the many other funded trader programs can vary significantly. One of Nordic Funder’s main attractions is the trader-friendly that we’ve created.
Unlike the dozens of prop firms that emerged in the past two years offering various complicated programs and plans, Nordic Funder has created simple, logical and consistent rules to give you a clear path to success rather than catching you out on technicalities.
It might sound sinister, but many funded trader programs see your assessment fee as a risk-free income source. Therefore, many prop firms have chosen to reap the rewards of their multi-stage evaluations and endless rules.
On the other hand, Nordic Funder has applied years of data and a decade of experience in the brokerage and asset management industry to create a program that perfectly balances being fair to our remote traders and making sense from a risk management perspective.
This post describes the procedure for calculating and settling your profit share, and what happens when you request a payout.
Get a funded account
The first step to becoming a profitable funded trader is passing an assessment. Once you pass the assessment, you’ll be provided with a funded account hosted on the live trading server. You are entitled to a share of the profits you make in the funded accounts you trade.
Profit share calculation
All accounts will have a default profit share of 75/25 with no extra cost.
75/25 (default): you receive 75%, and we receive 25% of the profit.
If you wish to have a 90/10 profit share you will need to purchase the add on when setting up your trading account conditions.
Example: Suppose you chose the 75/25 profit share option when building your assessment and requested to withdraw $5,000 from the funded account. In this case, $5,000 shall be withdrawn from the account, but you will receive a payout of $3,750. The difference is our profit.
Requesting a payout
Traders can request a withdrawal of the gains in their funded account at any time in their trader dashboard, but no more frequently than once per thirty (30) days. So, if you make gain in your funded account, you can request a withdrawal. When you are ready to withdraw the gains from your funded account, click the Withdraw Profits button in your trader dashboard and enter the amount to withdraw. All such gains are distributed via the available outbound payment solutions offered from time to time. Once your withdrawal request is approved, we will pay the monies owed to you. We reserve the right to change the withdrawal methods and options at any time.
What happens after a withdrawal
Your first withdrawal can be requested at any time. Thereafter, you can request a withdrawal of the gains in your account every 30 days. When a withdrawal is approved, we will also withdraw our share of the gains, and your max drawdown will remain unaffected. The drawdown does not reset when you request a withdrawal.
