Begin your mission by scrolling to the “Funding Evaluations” section of the website. Select “Start” under the account size you’d like to participate in and proceed to our checkoutpage. Once you purchase your account, you will be emailed your login credentials to our website. From there, you will be able to sign in and commence trading.

After your evaluation is purchased, our system will send your account credentials to your email address instantly. Remember to read through our FAQ and Schedule of Assessment for the specific trading objectives and rules before beginning.

We cannot accept traders residing in Cuba, Iran, North Korea, Myanmar, Russia (or the Crimea, Donetsk, or Luhansk regions of Ukraine), Somalia and Syria.

The maximum amount of cumulative account size you can have at one time is $400,000.

Payouts are now available bi-weekly, from the start.

Migrated Accounts will be eligible for withdrawal after 30 days of first trade and bi-weekly for subsequent withdrawals.

Applies to participants who had active funded accounts with the previous server provider and migrated to new servers.

This is a category that we strive to be transparent on here at Nova Funding, and the short answer is no. Traditional prop firms within the forex industry operate under a different model than standard proprietary funding firms that you would typically encounter on Wall Street. Traders that sign up for traditional forex prop firms are not provided with real capital in their accounts.

When a trader reaches the “experienced trader” stage, they are trading a simulated/demo stage in which they are rewarded commissions for, in exchange for positive performance during this level of the program aligned with the program rules.

While performance commission is paid to a paper trader during the “experienced trader” stage, the trade data of experienced traders can be monetized and utilized for further benefit by copy trading the data into the firms very own fund. This allows the trader to provide an offering as a “data analyst” to the firm, allowing them to be eligible for commission payouts of 50%, 70%, or 80% while providing such services to us, the numbers will change based on the value of each traders trading data, determined by performance and regular commission payouts.

Market conditions are provided by a 3rd party price provider in which traders can utilize to grow, learn, and earn commission based on their performance after passing the evaluation stage and leveling up to be an “experienced trader”.

Occasionally, we may refer to the “experienced trader” stage as “funded”. Please note that any reference to a “funded” stage is a funded paper trading account with simulated live conditions.

Forex prop firms are usually created under the basis of gamifying trading through a software which rewards traders under simulated market conditions, albeit a similar concept as the real market with amplified potential reward.

Trader Timeline: (How it works)

1.) You start an Evaluation.

2.) Complete the evaluation by reaching the 10% profit target. Manage 4% daily and 8% total drawdown. Pass in 1 day, or pass in 3 weeks. No time limit. No time minimum.

3.) Instantly receive your Funded Account via email once evaluation is passed, log in via the trading platform with new credentials.

4.) Submit KYC documents and Signed Terms Of Use Agreement for the Experienced Trader Stage to your dashboard.

5.) Add Performance Commission Payout Details To Dashboard (Bank Wire Details or Crypto Address)

6.) Commission payouts begin. First payout becomes eligible 14 days from the first trading day on your experienced trader account paper trading account.

The KYC process includes a photo copy of your ID or passport, proof of residency, and a selfie. Traders must also submit a signed copy of the experienced trader agreement. Once verified, you will be eligible for commission based payouts.

Base leverage on all evaluation accounts is set at 1:100. During the experienced trader/funded stage, leverage is 1:30.

Please have a close look at the contract sizing provided by the simulated price provider before beginning the program, as different instruments will carry different levels of margin on all paper trading accounts.

Each trader is granted unlimited time to pass the evaluation. Once the 10% profit target is met, you can start the upgrade process into your “experienced trader” funded account in as soon as 1 trading day, and often faster.

The evaluation phase lasts as long as your trading strategy permits.

The profit target during the 1-Step evaluation is a 10% gain from the starting balance of the account. For example, if the starting balance is $100,000, your profit target is $10,000. There is no profit target during the experienced trader stage.

All payouts are processed through Bank Wire or Cryptocurrency.

When traders are eligible for commission payouts, they will have the option to receive performance commission payouts via USDT-TRC20, USDT-ERC20, BTC or Bank Wire

Payouts are reviewed and sent to the trader within 2-5 full business days of the request, although our team will always process them as fast as possible.

Fees on Withdrawal

Cryptocurrency: 1% of transaction value

Bank Wire: $50 flat fee per transaction

To check if you are eligable for a withdrawal select ‘Profit Share’ on your Nova Funding dashboard, ensure your KYC Verification, Trader Contract and payment details are complete. If eligable a ‘Withdraw’ button will appear in the ‘Profit Share’ tab. Once this button is selected, your experienced trader account will go into review and you will receive a confirmation from us via email to confirm the commission payout.

Ensure you have complied with all Funded Account rules in the Schedule of Assessment prior to requesting your withdrawal to avoid having your withdrawal declined.

Whether your a fan of Support/Resistance, Candlestick Patterns, Trading Bots, Supply/Demand or Smart Money Concepts, you are free to use it on our simulated accounts.

The most successful traders in the world all have different strategies/backgrounds, and we understand that.

Although we enforce no restrictions during the evaluation stage, using the following strategies/approaches during the experienced trader stage is prohibited and will be subject to review:

1. Grid Trading or Grid Trading Softwares

2. Martingale Trading Or Martingale Trading Tools.

3. Latency Arbitrage

4. Hedging Orders Across Multiple Accounts

5. Abusing The Volatility Of News By Placing Gauranteed Limit Order Fills

6. Any Use Of Delayed Data Feeds For Risk-Free Profit

7. Copy Trading Among Multiple Users On Our Platform

8. Account Management By A 3rd Party

Nova accepts purchases of new evaluation accounts through credit card and cryptocurrency.

When purchasing an evaluation using crypto, please allow up to 30 minutes for your payment to receive multiple confirmations within the blockchain. Once confirmed, our system will send your challenge credentials by email.

Please be check your spam/junk folder if the email does not show up in your regular inbox.

If in any case you don’t receive your credentials within 60 minutes, reach out to our live chat or support email and we will get you set up properly.

Email: helpdesk@nova-funding.com

On all evaluation accounts, our 3rd party simulated price provider offers price quotes under demo market conditions.

On all “experienced trader” accounts which are commission-eligible, our broker provides a “live simulated” server environment to simulate trading a live market with similar buying power. ($25,000-$200,000)

Noted Below Are The Simulated Execution Times for live simulated accounts provided for the “experienced trader” stage. Please note that your simulated paper trading account conditions will depend on whether you choose to by-pass the evaluation stage via HFT, or not.

Attached are the simulated condition tiers provided by the 3rd party broker.

Experienced Trader Stage Simulated Order Execution Time (Non HFT Passing): 150-225ms Simulated

Execution Time

(Commission-Eligible Paper Trading Accounts up to 200k)

Experienced Trader Stage Simulated Order Execution Time (With HFT Passing): 300-375ms Simulated Execution Time

(Commission-Eligible Paper Trading Accounts Up To 200k)

It is important to note that order execution time can also depend on a variety of factors such as trading hardware, wifi connection, and the platform being used.

Difference between Daily and Max Drawdown:

The daily drawdown is calculated as 4% of your start of day balance for the Account.

This calculation must include any floating losses, swaps and commission rates. This limit will be reset at midnight as per the server time.

Example 1:

Starting balance: $100,000

Day 1:

Profit: +$2000

New account balance: $102,000

Maximum daily loss for the next day (4% of $102,000): $102,000 - 4% = $97,920

Maximum daily loss amount: $4,080

Day 2:

Loss: -$1000

New account balance: $101,000

Maximum daily loss for the next day (4% of $101,000): $101,000 - 4% = $96,960

Maximum daily loss amount: $4,040

Max Drawdown:

The max drawdown on any Account is 8% of your initial account balance. This means your account equity cannot fall below 92% of the initial balance at any point.

It is important to note that the max drawdown limit does not reset like the daily drawdown limit.

If a trader utilizes HFT during the evaluation stage at any point in order to assist with passing, the funded account profit split will reach its limit once a trader has gained 6% from the starting balance of the account. Any positive trading after the 6% gain from the initial balance will not be eligible towards your profit split. Gaining beyond 6% will not break any rules, however these virtual profits would not be included if you have passed with HFT.

For example, if you trade continuously for up to $12,000 profit on a 200k account. The profit split will be based on any virtual profits generated up to this point. You would receive 50%, 70%, or 80% of the numeric value ($12,000 in this case) of the 6% profit on your funded account starting balance.

The 6% maximum gain per payout applies based on the starting balance of the account, and resets after each payout.

This has been introduced to maintain longevity while accessing the community feedback of keeping HFT around for the long term. This allows HFT passers to regularly receive payouts without issues and prevents traders from being prone to attempting high risk activities such as full margining before news or shooting for the moon with gambling-like approaches. Giving traders the sole focus of consistent payouts leads to higher quality trade data for us to access. Longevity is our focus.

Maximum allocation of virtual funding has been increased to 400k, allowing large payouts to remain a consistent opportunity for the trader. As maximum allocation of virtual funding is $400,000, the maximum gains able to be formed into a profit split at one time would be $24,000, which is still rather favorable. This would be done through a simultaneous gain of 6% on two separate 200k accounts.

Engaging in funded account management, procuring Funded Automated Trading Tool Services from Algo Merchants, Copy Trading, or relying on any third-party services instead of trading your own funded account will result in a breach of services. Your trading strategy should be original and unique to you, never sourced from a third party.

Yes, High Frequency Trading or Fast Passing is allowed, but only in the evaluation stage.

Profit Consistency: We apply a 30% day profit consistency rule, therefore upon payout withdrawal request no single day traded can account for more than 30% of your total profit. For example: If by the end of a 30 day period, your account has a total profit of $10,000, then no single day traded can account for more than 30% of $10,000, which is $3,000. Once a payout withdrawal request is submitted any trades breaching this rule will be considered a soft breach and we will remove the invalid trades while keeping account access.

Lot Size Consistency: The lot size consistency rule is applied once a payout withdrawal request has been submitted, to ensure consistency within your trading. To satisfy the Lot Size Consistency Rule your average trade size is used to calculate your trading range. The range is determined by adding 50% to your average trade size to determine the maximum value and subtracting 50% to determine the minimum value. Once a payout withdrawal request is submitted any trades breaching this rule will be considered a soft breach and we will remove the invalid trades while keeping account access.

Note: trades are aggregated when placed within a 30 second window into one position for both profit and lot consistency.