Begin your mission by scrolling to the “Paper-Trading Evaluations. Unlock up to 200k 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 simulated accounts are set at 1:100, during the evaluation as well as the experienced trader stage.

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 Cryptocurrency. 

When traders are eligible for commission payouts on their simulated “experienced trader” account, they will have the option to receive performance commission payouts on either the BTC (Bitcoin Network) or USD-T (ERC-20 Network). 

Payouts are reviewed and sent to the trader within 1-5 full business days of the request, please be mindful that weekends and U.S. holidays would not be a part of the processing time.

Whether your a fan of Support/Resistance, Candlestick Patterns, EA’s, 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 EA’s
• 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 Of Another Persons Signals/System or Copy Trading Amongst 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 experienced trader 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. 

Payout 1: Your first payout will be 21 calendar days from the first trading day on your experienced trader account. Performance Commission: 50%

Payout 2: After your first payout, you will be provided with a new “experienced trader” simulated account. You can proceed trading and become eligible for your second payout 21 days later. Performance Commission: 70%

Payout 3: Once the third payout is reached, you will now be provided with a new account once more. You now have access to bi-weekly payouts in exchange for your simulated performance. Performance Commission: 80%

A trader will be eligible to receive new accounts with an 80% commission amount every 14 days. If your account is in drawdown at any of the above eligibility dates, you can simply continue trading your account until you are eligible. 

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

1.) The first thing to note, it that require our traders participate in 5 minimum trading days for each withdrawal. Notably, executing 0.01 lot positions or employing placeholder trades of short duration falls short of meeting the criteria for a valid trading day during the funded stage. The process is straightforward: Trade according to your normal strategy for 5 separate days.

2.) Lot Size Consistency Range Rule (HFT Passers Only)

Your average trade size calculated at the time of your payout review is used to calculate a trading range. The range is determined by adding 100% to your average trade size to determine the maximum value and subtracting 75% to determine the minimum value. If your average trade size was 20 Lots. This means that any trades that fall within the range of 5 to 40 lots would be considered consistent with your strategy. 

Trades that are inconsistent with the trading range are subject to review/deduction from total profit split. The lot size consistency range calculation is determined by all closed orders on an account from the first trade into the requested withdrawal date. Your average trade is a final number which is calculated once a payout is requested.

To calculate your average, divide the total lot volume traded throughout the period by the total number of closed orders. After finding your average, simply multiply by 0.25 and 2.00 to find the bottom and top of your consistency range. Please note that partial orders will be treated as separate orders for the consistency calculation, as the metric is based on closed orders. The consistency calculation occurs during the time of your payout request. The consistency rule applies to the funded stage, only being applicable to traders who pass the challenge via HFT bots. 

Lot Size Consistency Range Calculation:

Total Lot Volume Traded/Trades Executed: Lot Size Average 

Lot Size Average x 0.25: Bottom Of Consistency Range

Lot Size Average x 2.00: Top Of Consistency Range

3.) Profit Based Consistency Rule (HFT Passers Only)

50% of total account profit cannot come from on singular trade. Doing so will lead to a deduction of profits for the singular trade that breaches this rule. 

Please be certain that all metrics have been followed before requested a payout. 

Consistency deductions which exceed the profit made in your simulated funded account will lead to a new account being provided with a new trading period to begin. Our team will always provide a re-try through a fresh account in the case that a consistency breach occurs. 

The reason for the consistency rule is due to allowing HFT bots during the evaluation stage. This is a way for us as a prop firm to manage up-front risk of such systems while providing the trader with a specific blueprint to follow during the experienced trader stage.

To avoid any confusion, the lot size consistency range only applies to traders who utilize HFT to pass the evaluation stage, due to such systems possessing the ability to access the experienced trader stage at exceedingly high rates. 

Being that the success rate is higher than usual with these systems, it is required for us a prop firm to enable this type of rule to manage risk. 

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. 

(The 6% maximum applied to each payout will only apply to traders who’s evaluations are purchased any time after November 1st at 11:00AM CST.)

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. 

All accounts entail simulated balances with virtual funds provided through the MT4 and MT5 platform via Mantatech. 

With the 1-Step Program, you may hold over the weekend during the evaluation phase. You cannot hold over the weekend during the experienced trader stage.

However, you have the choice to contact us for an individual request of holding your trade over the weekend on your experienced trader account. Simply email our support team or get in touch with live chat before Friday at market close.

Explain that you would like a “Hold Through Weekend Request“. The team will have a look at the trade and potentially grant you access to hold the simulated-market position through the weekend depending on the individual trading style being used. 

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.

As a result of regulatory determinations and business choices founded on risk assessment factors, Nova Funding has discontinued the onboarding of clients from India and Pakistan starting on August, 30 2023. Clients residing in India or Pakistan who have joined our platform before August 30, 2023 may continue to use our services, however new evaluation accounts can no longer be purchased from traders who reside in these countries

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 support@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 EA’s, 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. 

EA’s are enabled, however we do recommend you use a unique set file or confirm that no other traders are using the same EA 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 EA’s 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 EA’s 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 can something of that nature 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 an Expert Adviser (EA) during the experienced trader stage, it is advisable for the trader to ascertain that the EA or trading style being used does not fall into any of the following categories. We suggest that traders consult with the developer of the EA 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 EA on this program.

Grid Trading Or Grid Trading EA’s: 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 EA’s 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.