Begin your mission by scrolling to the “Paper-Trading Evaluations. Unlock up to 400k in commission-eligible buying power.” section of the website.

Select “Start” under the program variant you’d like to participate in.

You will be directed to the account creation page. Once you create your account, you will be emailed your login credentials to our website. From there, you will be able to sign in and purchase your evaluation. After your evaluation is purchased, our system will send your account credentials to your email address instantly.

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” commission eligible paper trading account in as soon as 1 trading day. 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.

Firstly, Congratulations! Make sure all positions are closed and confirm you have a minimum 10% gain on the challenge account while respecting all challenge parameters. At this point, your challenge will be labeled as “Complete”

Our system will generate the experienced trader stage immediately once the challenge is complete. The experienced trader stage will be labeled as “Pending”.

This is the time to submit all KYC information and the funded trader agreement to your dashboard.

Once these documents have been provided, your experienced trader account will be enabled to trade exactly 3 full business days later. This will be the paper trading account which becomes eligible for commission payouts.

Note: If you encounter any issues with the 3rd party verification gateway, please notify our team via live chat and we will reset your KYC status for re-submission manually.

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

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:

• Grid Trading or Grid Trading Softwares
• Martingale Trading Or Martingale Trading Tools.
• Latency Arbitrage
• Hedging Orders Across Multiple Accounts
• Abusing The Volatility Of News By Placing Gauranteed Limit Order Fills
• Any Use Of Delayed Data Feeds For Risk-Free Profit
• Copy Trading Among Multiple Users On Our Platform
• Account Management By A 3rd Party

We want to be as open as possible when it comes to the trading styles that you can use while undertaking the program. The strategies above are prohibited during the funded stage as they either cannot be replicated into the live market (Toxic data in the event that we send your orders offshore for potential data monetization), thrives on demo conditions only, or because they are designed to game the system.

The maximum amount of commission eligible buying power that a trader can unlock during the experienced trader stage is currently $400,000. Our largest evaluation offering is currently 200k, traders may acquire multiple evaluations, however you must not exceed 400k in active funded accounts.

The 4% Max Daily Drawdown is originally and firstly based on your initial account balance at the reset time, before any trades are executed.

This resets each day at 00:00PM Market Watch Time. (5:00PM EST)

Secondarily, this metric is also calculated by the highest equity point.

Be sure not to go 4% lower than the initial balance at reset time, or 4% lower than the highest equity point in one day.

Attached below is the counting formula that our system uses in order to determine drawdown amounts.

Counting formula:

Highest balance or equity of the day (whichever is higher) - current equity.

The 8% Maximum Total Drawdown is also a trailing metric of the account balance and equity.

Example: If you start with a $100,000 account, your maximum loss level will be set at $92,000. If your account balance or equity reaches $108,000, your trailing drawdown meter will be set at $100,000. The trailing drawdown will always trail the highest balance or equity by 8%.

It is at the traders discretion to manage risk according to these rules when trading our funded accounts. A violation of these drawdown rules will result in a loss of the funded account.

Each trader will readily have access to their maximum daily and total drawdown levels on their dashboard at all times. Although keeping an eye on your balance is important during the “experienced trader” stage, it is also important that your equity swings do not meet a 4% difference in one day, or an 8% difference in total.

The first payout on your funded account is eligible 15 days after your first trade.

All following payouts are eligible to be requested bi-weekly.

All payouts are performance commission while trading a simulated market environment.

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

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.

If a trader passes their evaluation without the assistance of HFT bots, there will be no limit on the size of any payout that is requested.

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.

All traders must be at least 18 years of age to sign up with Nova Funding. 

For each payout, expect minor transaction fees ranging from 1% to 2% for each cryptocurrency payout transaction. These fees are applied by the cryptocurrency exchange during the process of acquiring the digital assets designated for your payouts.

With the 1-Step Program, you may hold over the weekend during the evaluation phase.

We do not allow weekend holding or trading while funded.

After signing up for the evaluation. You will receive a notification from us via email within minutes.

If you do not receive an email, check your spam/junk folder.

If you do not have your credentials within 60 minutes nor are they on your dashboard, please contact our live chat support and we will assist you.

We cannot accept traders from Cuba, Iran, Lebanon, Syria, North Korea, Libya, Sudan, and Somalia at this time due to U.S. Government restrictions.

You can purchase an evaluation through credit/debit card as well as crypto.

If you need assistance during any time throughout your funding journey with us, you can contact live support on our website, or email us at helpdesk@nova-funding.com.

After the payment of your evaluation plan is officially confirmed, you will receive an email with the login details to access your evaluation. Once this information is emailed to you, the sale will be final and no refund will be issued due to the instantaneous nature of the program.

For our 1-Step Challenge, traders are paid purely based on their simulated performance during the experienced trader stage. We do not provide refunds after evaluations are passed.

At this time, there are no restrictions towards the trading style you use during the evaluation stage. If it works on our servers, you can use it. However, to find more information on the strategies that are not allowed on during the experienced trader stage, you can check above at “Which Trading Styles Do We Accept on this program?”.

At this time, simulated crypto trading during the weekend is not available for our 1-Step program.

We do not require the use of a SL on any of our programs. Of course we recommend you use them as it can allow you to manage risk on virtual funds, but there is no rule requiring it.

Yes, the use of trader copiers to copy your own personal trades onto your simulated live account with Nova Funding is permitted. You may use your Nova account as your master account, or copy trades over to it from your other trading accounts.

When using a copy trader, be sure that identical orders are not placed within identical time intervals as other traders on our platform. This can occur through the use of widespread trading bots, account management services, and 3rd party signals. Any form of consecutive identical orders through two or more users on our platform will lead to a violation. This trade copying policy applies to the funded stage only.

Trading bots/automated trading are enabled, however we do recommend you use a unique set file or confirm that no other traders are using the same bot on our servers. This will prevent our system from picking up any form of matching orders.

To keep the process fair, Nova Funding offers one warning for the first occurrence of a trader violating trade copying rules and a deduction of any profits while copying other users on our platform. With the second occurrence of copy trading from other users on our platform, a violation will be issued. It is important that your simulated trade data is entirely unique.

Once a performance commission payout is requested, your account will be placed into the status of “In Review”, this can be visible on your dashboard. During this time, please refrain from taking any further trades until your commission payout is completed and or finished with the necessary review process.

Any simulated trading account associated with your name must be traded by the account owner registered with our platform. Using any form of “Live Simulated Account Management” is prohibited as this is not what Nova Funding is looking for as a firm. Allowing a 3rd party service to trade the program on your behalf will end in a breach of your account.

There are zero hidden rules with us. Anything you need to know will be always be displayed here in the FAQ.

We understand that gamifying the experience of trading is unique, so if something doesn’t seem clear, or you are unsure about a certain aspect of our program, you can reach out to support and we will take care of you.

There are only 3 ways to lose a account.

• Violation Of A Drawdown Metric (4% Equity Based Daily, or 8% Total Drawdown, Trailing Of Balance Or Highest Equity)
• Inactivity For 30 Days On Your Challenge Or Evaluation Account.
• Weekend Holding Without Prior Approval

The reason an account can be terminated after 30 days of inactivity is to prevent any vacant accounts from being in our system. If it is required for you to go through a prolonged period of inactivity, you can let the team know ahead of time and we will make sure your account is secure. You can also update our team anytime before the 30 days with the reason for inactivity, and this will violation will not apply. An account can also be terminated if continuous copy trading or account management warnings have been issued.

The use of HFT Trading Bots on our 1-Step Evaluation will be available for a limited time.

The most popular request we have received, by far, leading up to launch, has been to enable the use of HFT Bots during the evaluation stage. As a result, our team has custom built our simulated trading program to sustain longevity while having higher passing rates than most firms.

We have seen other firms introduce HFT usage with extremely high profit splits. Although this may look pleasing to the trader, the main question is how well something of that nature can be sustained.

Our commission payout structure of 50% during the first month may be lower than what you’ve commonly seen. However, we much rather execute our own business model at a high level, and offer our traders a great experience (Fast payouts, High Score Bonus Prizes, Giveaways), rather than creating something that cannot be sustained long term.

Prior to utilizing a trading bot or automated trading tool during the experienced trader stage, it is advisable for the trader to ascertain that the bot or trading style being used does not fall into any of the following categories. We suggest that traders consult with the developer of the tool they plan to use before continuing with its usage during the experienced trader stage. Below, we have provided the name and definition of the strategies to which attention must be paid if intending to use an automated trading tool on this program.

Grid Trading Or Grid Trading Tools: Grid trading is when orders are designed to be placed above and below a set price, creating a grid of orders that increase or decrease incrementally along with the chart price.

Having 2 trades open at a time is not considered as grid trading, however, once there are 3 or more positions in the trading session with each following order stacked as the original position moves into drawdown, this classifies more towards grid trading.

The process for identifying Grid Trading most often than not follows the below-stated points:

• Determining the starting price for the grid.

• Choosing an interval, such as 10 pips, 50 pips, or 100 pips.

• Determining whether the grid will be with-the-trend or against the trend.

Martingale

• Martingale is a methodology to amplify the chance of recovering from a losing streak by constantly increasing the lot size of new trades in order to circumvent any loss taken.

• This strategy involves doubling up losing trades and reducing winning trades by roughly half. Opening subsequent trades on an asset with a difference in ≈50% of the prior trade would result in martingale. EA’s which incrementally open higher lots while price moves against the direction of the orders adding up to a substantially higher lot size than the first would also classify as Martingale.

Guaranteed limit orders

• Placing limit orders with SL and TP using high lot sizes around periods of high-impact news or high volume. In such a scenario, there is no guarantee that the order gets filled at the same price through live market conditions and occurrences of slippage. For example, if a trader was to place a buy stop above price, and a sell stop below price before a high impact news event such as FOMC, this would classify as a guaranteed limit order approach. This type of approach is based on entirely different outcomes each time depending on order fills, slippage, and market conditions.

To keep full transparency, the reason we do not allow Martingale or Grid Tools is due to the fact we allow a no-restriction evaluation, meaning the use of HFT allows trader to have access to experienced trader accounts at an exceedingly high passing rate. If our program was built similar other funding programs, where traders must use true trading conditions to pass and not HFT, this would be different on our end and we would allow these types of strategies. Since a trader is offered guaranteed access through HFT, this is where the difference occurs from a risk standpoint.

Unfortunately, there are no exceptions to this as we do not allow these types of trading styles during the experienced trader stage. By purchasing an evaluation, the trader agrees that the above strategies will not be used while trading our program.

Allowing a 3rd party service to install, connect, and manage a 3rd party trading tool or bot in any shape or form on your account is not allowed. You are allowed to trade your own bot and manage it from your own device.