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Frequently Asked Questions
Complete rules and answers for every Nova Funded account type. Choose your program below.
FX / CFD Challenge Accounts (One-Step & Two-Step)
Full rules and answers for Nova Funded's evaluation (Assessment) programs on Forex & CFDs, and the Funded Accounts that follow.
The Daily Loss Limit is the maximum your account can lose in any given day. Daily Loss Limit is calculated using the previous day balance which resets at 5 PM EST. The Daily Stop compounds with the increase in your account.
Example: if your prior day's end of day balance (5pm EST) was $100,000, your account would violate the daily stop loss limit if your equity reached $95,000 during the day. If your floating equity is +$5,000 on a $100,000 account, your new-day (5pm EST) max loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $95,000.
Example: if your prior day's end of day balance (5pm EST) was $100,000, your account would violate the daily stop loss limit if your equity reached $95,000 during the day. If your floating equity is +$5,000 on a $100,000 account, your new-day (5pm EST) max loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $95,000.
Maximum drawdown is the maximum your account can drawdown before you would hard breach your account. When you open the account, your Maximum Drawdown is set at a defined % of your starting balance. This % is static and does not trail.
Soft breach means that we will close all trades that have violated the rule. However, you can continue trading in your Assessment or Funded Account.
Hard breach means that you violated either the Daily Loss Limit or Max Drawdown rule. Both rules constitute a hard breach. In the event you have a hard breach, you will fail the Assessment or have your Funded Account taken away.
Hard breach means that you violated either the Daily Loss Limit or Max Drawdown rule. Both rules constitute a hard breach. In the event you have a hard breach, you will fail the Assessment or have your Funded Account taken away.
Yes. We will consider you inactive and your account will be breached if you do not have any trading activity on your account for 30 consecutive days.
Yes — positions can be held over the weekend.
- Forex: 1 lot = $100k notional
- Index: 1 lot = 1 Contract. Exceptions: SPX500: 1 lot = 10 contracts; JPN225: 1 lot = 500 contracts
- Cryptos: 1 lot = 1 coin
- Silver: 1 lot = 5000 ounces
- Gold: 1 lot = 100 ounces
- Oil: 1 lot = 100 barrels
The rules for the Funded Account are exactly the same as your Assessment account. However, with a Funded Account, there is no profit target.
Upon passing your Assessment, you will receive an email with instructions on how to access and complete both your "Know Your Customer" verification and your "Trader Agreement". Once both are completed and supporting documentation is provided, your Funded Account will be created, funded and issued to you typically within 24–48 business hours. You will receive a confirmation email once this account is being enabled.
Once you pass the Assessment, we provide you with a funded account, backed by our capital. The capital in your funded Account is notional and may not match the amount of capital on deposit with the Liquidity Provider. A Funded Account is notionally funded when actual funds in the account (i.e., the equity in a Funded Account represented by the amount of capital) differs from the nominal account size (i.e., the size of the Funded Account that establishes the initial account value and level of trading). Notional funds are the difference between nominal account size and actual capital in a Funded Account.
Use of notional funding does not impact your trading conditions in any way.
Use of notional funding does not impact your trading conditions in any way.
If you have gains in your funded account at the time of a hard breach, you will still receive your portion of those gains.
For example, if you have a $100,000 account and you grow that account to $110,000. Should you then have a hard breach we would close the account. Of the $10,000 in gains in your funded account, you would be paid your portion thereof.
For example, if you have a $100,000 account and you grow that account to $110,000. Should you then have a hard breach we would close the account. Of the $10,000 in gains in your funded account, you would be paid your portion thereof.
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.
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.
The maximum position that you may open is determined by your available margin.
We reserve the right to increase the margin requirement, limit the number of open positions you may enter or maintain in the Funded Account at any time, and to revise in response to market conditions the drawdown levels at which trading in the Funded Account will be halted. We or the Broker reserve the right to refuse to accept any order.
We reserve the right to increase the margin requirement, limit the number of open positions you may enter or maintain in the Funded Account at any time, and to revise in response to market conditions the drawdown levels at which trading in the Funded Account will be halted. We or the Broker reserve the right to refuse to accept any order.
No. We do not have any control over pricing from the liquidity provider or on the executions on your trades.
For purposes of managing risk and minimizing transaction costs, we may offset or negate market risk and act as the direct counterparty to certain trades initiated in the Account. Such trades are executed at prices provided by arm's length third parties. This framework is intended to ensure you receive real market execution on your trades, while simultaneously allowing us to manage risk dynamically by routing existing positions or future orders to third parties for execution as we deem appropriate. We believe that such real market execution and dynamic risk management would not be possible or as cost-effective if trades were executed in simulated accounts. Regardless of whether we act as counterparty to your trades, the gain or loss on your funded account is not calculated differently. However, when we act as the counterparty to your trades, there is an inherent potential conflict of interest because your trades do not result in net gain or loss to us, as your trades would if we were not the direct counterparty.
Subject to our policy on Prohibited Trading as described below, you can trade using an automated strategy.
Opening a position within 3 minutes before or after a News Event is prohibited. Any traders identified as having opened a position during a News Event are subject to having that position closed and the associated P&L removed from their account, having the leverage on their account reduced or having their account breached altogether. Nova Funded has sole and absolute discretion in determining what constitutes a News Event. This rule is intended to protect the integrity of our program and is not meant to penalize traders who inadvertently trade through a news event.
We have risk management software that is synced with the accounts we create. This allows us to analyze your performance in real time for achievements or rule violations. As such, you must use an account that we provide to you.
Funded accounts receive the same pricing and commissions as charged by our Liquidity Provider to other, self-funded, retail trading accounts.
Trading hours are generally set by the Liquidity Provider, unless set by our rules. We do not have any control over the trading hours. You can see the trading hours for each product by using the following methods:
- DXtrade – Right click symbol, select "Instrument Info"
- MatchTrader – Click symbol to expand, select "Info"
- cTrader – Navigate to Symbol Window, scroll down to see "Market Hours" for selected symbol
Subject to compliance with applicable laws and regulations, traders from all countries, excluding OFAC listed countries, can take part in our program, unless otherwise limited at Nova Funded's discretion.
We offer up to 50:1 leverage on Forex and Metals, up to 10:1 leverage on Indices, up to 5:1 leverage on Oil and up to 2:1 leverage on Cryptocurrencies.
You are also prohibited from using any trading strategy that is expressly prohibited by Nova Funded or the Liquidity Providers it uses. Such prohibited trading ("Prohibited Trading") shall include, but not be limited to:
Additionally, Nova Funded reserves the right to disallow or block any Trader from participating in the program for any reason, in its sole and absolute discretion.
To view all Prohibited Uses, please review our Terms and Conditions on the Nova Funded website.
- Exploiting errors or latency in the pricing and/or platform(s) provided by the Liquidity Provider
- Utilizing non-public and/or insider information
- Front-running of trades placed elsewhere
- Trading in any way that jeopardizes the relationship that Nova Funded has with a Liquidity Provider or may result in the canceling of trades
- Trading in any way that creates regulatory issues for the Liquidity Provider
- Utilizing any third-party strategy, off-the-shelf strategy or one marketed to pass challenge accounts
- Utilizing one strategy to pass an assessment and then utilizing a different strategy in a funded account, as determined by Nova Funded at its discretion
- Attempting to arbitrage an assessment account with another account with Nova Funded or any third-party company, as determined by Nova Funded in its sole and absolute discretion
- Opening a position within 3 minutes before or after a News Event is prohibited. Any traders identified as having opened a position during a News Event are subject to having that position closed and the associated P&L removed from their account, having the leverage on their account reduced or having their account breached altogether. Nova Funded has sole and absolute discretion in determining what constitutes a News Event. This rule is intended to protect the integrity of our program and is not meant to penalize traders who inadvertently trade through a news event.
Additionally, Nova Funded reserves the right to disallow or block any Trader from participating in the program for any reason, in its sole and absolute discretion.
To view all Prohibited Uses, please review our Terms and Conditions on the Nova Funded website.
Our technology is currently integrated with DXtrade, MatchTrader & cTrader platforms.
You can trade any products streamed by the Liquidity Provider into the available platforms, as such products may change from time to time. This includes FX pairs and CFD Indices, Commodities, Metals, and Cryptocurrencies.
Upon purchasing an Assessment, you will receive access to a trader dashboard where you can monitor your Assessment and Funded Accounts. The dashboard is updated every time we calculate metrics, which occurs roughly every 60 seconds. It is your responsibility to monitor your breach levels.
Evaluation Limits:
- You are allowed to take only one evaluation of a specific account size and a specific plan tier at a time across all trading platforms.
- Example: You can have one 100k One Step Plan and one 100k Two Step Plan active simultaneously. However, you cannot have one 100k One Step Plan on DXTrade and another 100k One Step Plan on cTrader, or 2+ 100k 1 Step plans on any combination of platforms.
- A maximum of $1 million in active evaluation plans per person is permitted. This can be composed of multiple assessments, provided that none are the same account size and are within the same Step framework as described above.
- A maximum of $1 million in active funded plans per person is permitted.
- If a customer passes multiple assessments and has 2 active funded accounts of the same account size, they will have 2 options: (1) Only have one funded account of that size open at a time and wait for the account to be breached before making the other funded account active. (2) If no trading has taken place in either account, the customer can opt to combine the 2 accounts into a single account of double the size.
- There are no limits on compounding.
- You can start with up to $1 million of initial funding and grow the account to any balance you desire, including $10 million, $20 million, and beyond.
You must be at least 18 years of age, or the applicable minimum legal age in your country, to purchase an assessment.
When trading a Funded Account for Nova Funded, you are treated as an independent contractor. As a result, you are responsible for any and all taxes on your gains.
Charges will appear on your statement under the billing descriptor shown to you at checkout when completing your Nova Funded purchase.
Affiliates are credited for referrals when a user creates an account using a link or discount code provided by the Affiliate.
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Instant Funding Plan
Skip the evaluation — start trading a fully funded account backed by Nova Funded's capital from day one. Full rules and answers below.
Trading Rules Overview
| Rule Area | Instant Funded | Notes |
|---|---|---|
| Profit Target | N/A | Instant Funded account has no profit limit |
| Daily Loss Limit | 5% | Equity-based, limit set by prior day balance (Hard Breach) |
| Max Drawdown | 8% | Equity-based, trailing account balance high water mark, locks in at starting account balance (Hard Breach). Account locks at starting balance at payout. |
| Leverage | 1:50 | |
| Inactivity Period | 30 Days | Must place trade (Hard Breach) |
| Flat for Weekend | Yes | All positions closed on Friday 3:45pm unless Weekend Hold add-on is purchased |
| Max Time | — | No Max Time requirements |
| Profit Split | 80% | Can increase to 90% with purchase of add-on |
Add-Ons (Available at Purchase)
| Add-On | Cost | Description |
|---|---|---|
| Hold Over Weekend | 10% | Point-of-Sale add-on that disables the "Flat for Weekend" requirement; this allows traders to keep positions open over the weekend. |
| Profit Share Increased to 90% | 20% | Point-of-Sale add-on that increases a trader's potential profit share for funded accounts to 90% (up from the standard 80%) of the profit. |
The Instant Funding Plan allows traders to start with a fully funded account without needing to complete an assessment phase.
Soft breach means that we will close all trades that have violated the rule. However, you can continue trading in your Instant Funded Account.
Hard breach means that you violated the Daily Loss Limit or Max Drawdown rule, or Inactivity rule. These rules constitute a hard breach. In the event you have a hard breach, you will have your Funded Account taken away.
Hard breach means that you violated the Daily Loss Limit or Max Drawdown rule, or Inactivity rule. These rules constitute a hard breach. In the event you have a hard breach, you will have your Funded Account taken away.
The Daily Loss Limit is the maximum amount your account can lose on any given day. The Daily Loss Limit is calculated using the previous day balance which resets at 5 PM EST. The Daily Loss Limit compounds with the increase in your account.
Example: if your prior day's end of day balance (5pm EST) was $100,000, your account would violate the daily stop loss limit if your equity reached $95,000 during the day. If your floating equity is +$5,000 on a $100,000 account, your new-day (5pm EST) daily loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $95,000.
Example: if your prior day's end of day balance (5pm EST) was $100,000, your account would violate the daily stop loss limit if your equity reached $95,000 during the day. If your floating equity is +$5,000 on a $100,000 account, your new-day (5pm EST) daily loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $95,000.
The Maximum Trailing Drawdown is initially set at 8% and trails (using CLOSED BALANCE — NOT equity) your account until you have achieved an 8% return in your account. Once you have achieved an 8% return, the Maximum Trailing Drawdown no longer trails and is permanently locked in at your starting balance.
Example: If your starting balance is $100,000, you can drawdown to $92,000 before you would violate the Maximum Trailing Drawdown rule. Then for example let's say you take your account to $102,000 in CLOSED BALANCE. This is your new high-water mark, which would mean your new Maximum Trailing Drawdown would be $94,000. Next, let's say you take your account to $106,000 in CLOSED BALANCE, which would be your new high-water mark. At this point your Maximum Trailing Drawdown would be locked in at your starting balance of $100,000. So, regardless of how high your account goes, you would only breach this rule if your account drew back down to $100,000 (note, you could still violate the daily drawdown). For example, if you take your account to $170,000, as long as you do not drawdown more than 5% in any given day, you would only breach if your account equity reaches $100,000.
Example: If your starting balance is $100,000, you can drawdown to $92,000 before you would violate the Maximum Trailing Drawdown rule. Then for example let's say you take your account to $102,000 in CLOSED BALANCE. This is your new high-water mark, which would mean your new Maximum Trailing Drawdown would be $94,000. Next, let's say you take your account to $106,000 in CLOSED BALANCE, which would be your new high-water mark. At this point your Maximum Trailing Drawdown would be locked in at your starting balance of $100,000. So, regardless of how high your account goes, you would only breach this rule if your account drew back down to $100,000 (note, you could still violate the daily drawdown). For example, if you take your account to $170,000, as long as you do not drawdown more than 5% in any given day, you would only breach if your account equity reaches $100,000.
We require all trades to be closed by 3:45 PM EST on the last trading day of the week, typically Friday. However, in cases where markets close early or are not open on a Friday, it is the trader's responsibility to ensure all trades are closed before the weekend based on the adjusted market schedule. Any trades left open after this time will be automatically closed. Note, this is considered a soft breach, and you will be able to continue trading once the markets reopen.
(Unless the Weekend Hold add-on has been purchased, which allows positions to remain open over the weekend.)
(Unless the Weekend Hold add-on has been purchased, which allows positions to remain open over the weekend.)
- Forex: 1 lot = $100k notional
- Index: 1 lot = 1 Contract. Exceptions: SPX500: 1 lot = 10 contracts; JPN225: 1 lot = 500 contracts
- Cryptos: 1 lot = 1 coin
- Silver: 1 lot = 5000 ounces
- Gold: 1 lot = 100 ounces
- Oil: 1 lot = 100 barrels
Yes. If you do not place a trade at least once every 30 days on your account, we will consider you inactive and your account will be breached.
Upon completion of payment, we provide you with an Instant Funding account, backed by our capital. You will receive an email with instructions on how to access this account on the platform you chose at checkout.
The capital in your Funded Account is notional and may not match the amount of capital on deposit with the Broker. A Funded Account is notionally funded when actual funds in the account (i.e., the equity in a Funded Account represented by the amount of capital) differs from the nominal account size (i.e., the size of the Funded Account that establishes the initial account value and level of trading). Notional funds are the difference between nominal account size and actual capital in a Funded Account.
Use of notional funding does not change the trading level or that the account may trade in any manner differently than if notional funds were not used. In particular, the same conditions and rules applicable to a soft breach, hard breach, Daily Loss Limit, Max Trailing Drawdown and position limits apply.
The capital in your Funded Account is notional and may not match the amount of capital on deposit with the Broker. A Funded Account is notionally funded when actual funds in the account (i.e., the equity in a Funded Account represented by the amount of capital) differs from the nominal account size (i.e., the size of the Funded Account that establishes the initial account value and level of trading). Notional funds are the difference between nominal account size and actual capital in a Funded Account.
Use of notional funding does not change the trading level or that the account may trade in any manner differently than if notional funds were not used. In particular, the same conditions and rules applicable to a soft breach, hard breach, Daily Loss Limit, Max Trailing Drawdown and position limits apply.
A Trading contract and KYC are both required, however, to start trading using our Instant Funding Plan, these steps won't need to be completed until you request a withdrawal.
If you do not pass the KYC process when requesting a withdrawal, the withdrawal will be rejected, and your account will be closed. We encourage you to ensure you can meet KYC requirements before opting for the Instant Funding Plan.
No. We operate at an arm's length with the Broker. All market pricing and trade executions are provided by the Broker and are not changed or modified by us. Additionally, we do not markup transaction costs established by the Broker through adjusting bid-offer spreads, markups/markdowns, commission charges or swaps.
For the purposes of managing risk and minimizing transaction costs, we may offset or negate market risk and act as the direct counterparty to certain trades initiated in the Account. Such trades are executed at prices provided by the Broker. This framework is intended to ensure you receive real market execution on your trades, while simultaneously allowing us to manage risk dynamically by routing existing positions or future orders to third parties for execution as we deem appropriate. We believe that such real market execution and dynamic risk management would not be possible or cost-effective if trades were executed in simulated accounts. Regardless of whether we act as counterparty to your trades, the gain or loss on your Funded Account is not calculated differently. However, when we act as the counterparty to your trades, there is an inherent potential conflict of interest because your trades do not result in net gain or loss to us, as your trades would if we were not the direct counterparty.
The maximum position that you may open is determined by your available margin. We reserve the right to increase the margin requirement, limit the number of open positions you may enter or maintain in the Funded Account at any time, and to revise in response to market conditions the drawdown levels at which trading in the funded account will be halted. We or the Liquidity Provider reserve the right to refuse to accept any order.
If you have gains in your Funded Account at the time of a hard breach, you will still receive your portion of those gains.
For example, if you have a $100,000 account and you grow that account to $110,000. Should you then have a hard breach we would close the account. Of the $10,000 in gains in your Funded Account, you would be paid your portion thereof.
For example, if you have a $100,000 account and you grow that account to $110,000. Should you then have a hard breach we would close the account. Of the $10,000 in gains in your Funded Account, you would be paid your portion thereof.
Traders can request a withdrawal of the profits in their funded account through their trader dashboard at any time. However, withdrawals are limited to one request every 30 days. The minimum withdrawal amount is the greater of $100 or 1% of the account's starting balance. When a withdrawal is approved, we will also withdraw our share of the gains, and your max trailing drawdown will lock in at your starting balance. The trailing drawdown does not reset when you request a withdrawal.
Example: You have taken an account from $100,000 to $120,000. You then request a withdrawal of $16,000. In this scenario, you will receive $12,800 and we would retain $3,200. This would also take the balance of the account down to $104,000, and your Maximum Trailing Drawdown is locked in at $100,000. So, you would have $4,000 maximum you could lose on the account before it would violate the Maximum Trailing Drawdown rule.
Important: If you take a full withdrawal of the gains in your Funded Account, the Maximum Trailing Drawdown will lock in at the starting balance and trigger the Maximum Trailing Drawdown breach rule, resulting in the forfeiture of your Funded Account.
Example: You have taken an account from $100,000 to $120,000. You then request a withdrawal of $16,000. In this scenario, you will receive $12,800 and we would retain $3,200. This would also take the balance of the account down to $104,000, and your Maximum Trailing Drawdown is locked in at $100,000. So, you would have $4,000 maximum you could lose on the account before it would violate the Maximum Trailing Drawdown rule.
Important: If you take a full withdrawal of the gains in your Funded Account, the Maximum Trailing Drawdown will lock in at the starting balance and trigger the Maximum Trailing Drawdown breach rule, resulting in the forfeiture of your Funded Account.
Subject to compliance with applicable laws and regulations, traders from all countries, excluding OFAC listed countries, can take part in our program, unless otherwise limited at Nova Funded's discretion.
You must be at least 18 years of age, or the applicable minimum legal age in your country, to purchase an Instant Funding account.
Upon purchasing an Instant Funding Plan, you will receive access to a trader dashboard where you can monitor your Instant Funded Account. The dashboard is updated in near real time as we calculate your account metrics. It is your responsibility to monitor your breach levels.
Our technology is currently integrated with DXtrade, MatchTrader & cTrader.
A maximum of $190,000 in active Instant Funding plans per person is permitted, consisting of up to one of each plan size.
You can trade any products offered by the Broker, as such products may change from time to time. This includes FX pairs and CFD Indices, Metals, and Cryptocurrencies.
We offer up to 50:1 leverage on Forex and Metals, up to 10:1 leverage on Indices, up to 5:1 leverage on Oils and up to 2:1 leverage on Cryptocurrencies.
Trading hours are generally set by the Liquidity Provider, unless set by our rules. We do not have any control over the trading hours. You can see the trading hours for each product by using the following methods:
Additionally, pursuant to the no holding trades over the weekend rule, we will attempt to close all open trades at 3:45pm EST on Fridays. Traders are responsible for ensuring all open positions are closed (unless Weekend Hold add-on has been purchased).
- DXtrade – Right click symbol, select "Instrument Info"
- MatchTrader – Click symbol to expand, select "Info"
- cTrader – Navigate to Symbol Window, scroll down to see "Market Hours" for selected symbol
Additionally, pursuant to the no holding trades over the weekend rule, we will attempt to close all open trades at 3:45pm EST on Fridays. Traders are responsible for ensuring all open positions are closed (unless Weekend Hold add-on has been purchased).
Instant Funded Accounts receive the same pricing and commissions as charged by our Liquidity Provider to other, self-funded, retail trading accounts.
Subject to our policy on Prohibited Trading as described below, you can trade using an automated strategy.
You are also prohibited from using any trading strategy that is expressly prohibited by Nova Funded or the Liquidity Providers it uses. Such prohibited trading ("Prohibited Trading") shall include, but not be limited to:
Additionally, Nova Funded reserves the right to disallow or block any Trader from participating in the program for any reason, in its sole and absolute discretion.
To view all Prohibited Uses, please review our Terms and Conditions on the Nova Funded website.
- Exploiting errors or latency in the pricing and/or platform(s) provided by the Liquidity Provider
- Utilizing non-public and/or insider information
- Front running of trades placed elsewhere
- Trading in any way that jeopardizes the relationship that Nova Funded has with a Liquidity Provider or may result in the canceling of trades
- Trading in any way that creates regulatory issues for the Liquidity Provider
- Utilizing any third-party strategy, off-the-shelf strategy or one marketed to pass challenge accounts
- Attempting to arbitrage a funded account with another account with Nova Funded or any third-party company, as determined by Nova Funded in its sole and absolute discretion
- Opening a position within 3 minutes before or after a News Event is prohibited. Any traders identified as having opened a position during a News Event are subject to having that position closed and the associated P&L removed from their account, having the leverage on their account reduced or having their account breached altogether. Nova Funded has sole and absolute discretion in determining what constitutes a News Event. This rule is intended to protect the integrity of our program and is not meant to penalize traders who inadvertently trade through a news event.
- No Gambling Permitted: When participating in trading on both Challenge and Instant Funded Accounts, traders are expected to adhere to responsible risk management practices. This includes carefully considering the risks associated with position size, trade duration, and hedging strategies. Taking excessive risks, such as utilizing maximum leverage to open large positions with the hope of reaching profit targets through a single price movement, is strictly prohibited. Please refer to the Terms and Conditions for the full Prohibition of Gambling Practices language.
Additionally, Nova Funded reserves the right to disallow or block any Trader from participating in the program for any reason, in its sole and absolute discretion.
To view all Prohibited Uses, please review our Terms and Conditions on the Nova Funded website.
Opening a position within 3 minutes before or after a News Event is prohibited. Any traders identified as having opened a position during a News Event are subject to having that position closed and the associated P&L removed from their account, having the leverage on their account reduced or having their account breached altogether. Nova Funded has sole and absolute discretion in determining what constitutes a News Event. This rule is intended to protect the integrity of our program and is not meant to penalize traders who inadvertently trade through a news event.
Charges will appear on your statement under the billing descriptor shown to you at checkout when completing your Nova Funded purchase.
When trading a Funded Account for Nova Funded, you are treated as an independent contractor. As a result, you are responsible for any and all taxes on your gains.
Affiliates are credited for referrals when a user creates an account using a link or discount code provided by the Affiliate.
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Crypto Plans (One-Step & Two-Step)
Nova Funded's crypto-only evaluation programs. Full rules for both plan structures and complete answers below.
One-Step Trading Rules
| Rule Area | Assessment | Funded | Notes |
|---|---|---|---|
| Profit Target | 9% | N/A | Funded Account has no limit |
| Max Drawdown | 6% | 6% | Equity-based, does not trail (Breach) |
| Inactivity Period | 30 Days | 30 Days | Must place trade (Breach) |
| Leverage | 5:1 for BTC, ETH; 2:1 for others | 5:1 for BTC, ETH; 2:1 for others | |
| Daily Cap Limit | +/-3% | +/-3% | See FAQ below for calculation |
| Profit Share | N/A | 90% | |
| Max Time | — | — | No Max Time requirements |
Two-Step Trading Rules
| Rule Area | Step 1 | Step 2 | Funded | Notes |
|---|---|---|---|---|
| Profit Target | 6% | 9% | N/A | Funded Account has no limit |
| Max Drawdown | 9% | 9% | 9% | Equity-based, does not trail (Breach) |
| Inactivity Period | 30 Days | 30 Days | 30 Days | Must place trade (Breach) |
| Leverage | 5:1 BTC, ETH; 2:1 others | 5:1 BTC, ETH; 2:1 others | 5:1 BTC, ETH; 2:1 others | |
| Daily Cap Limit | +/-3% | +/-3% | +/-3% | See FAQ below for calculation |
| Profit Share | N/A | N/A | 90% | |
| Max Time | — | — | — | No Max Time requirements |
A breach means that you violated the Max Drawdown rule. In the event you have a breach, you will fail the Assessment or have your Funded Account taken away.
The Daily Cap Limit is the maximum percentage of your starting balance that your crypto account can move in any given day. The Daily Cap Limit is calculated using the previous day's equity, which resets at 5 PM EST. In the event that the assets in your account move in excess of 3% of your starting balance from your previous day's equity in either direction, your positions will be closed out and your account will be locked until the start of the new trading day at 5 PM EST.
Example: For a 100k starting balance account, with a 3% Daily Cap. If the account finishes the day with Equity at 101k, the next day's limits will be 101k +/- 3k (i.e. 98k – 104k).
Example: For a 100k starting balance account, with a 3% Daily Cap. If the account finishes the day with Equity at 101k, the next day's limits will be 101k +/- 3k (i.e. 98k – 104k).
If your account exceeds the 3% gain or loss for the day, the system will automatically disable your account for trading, closing all open trades and canceling any pending orders. Trading will then be restricted for the remainder of the day.
Trading restrictions will be lifted at the start of the next trading day, which begins at 5:00 PM EST, or when the account falls back into the current day's Cap Limits.
At 5:00 PM EST, your account will receive new trading bands based on your equity levels at the end of the prior day. The new +/-3% Cap Limit will be recalculated and applied to your account's updated balance for the new trading day.
The Maximum Drawdown is initially set at 6% for the One-Step plan and 9% for the Two-Step plan. It is static and will therefore remain at the same value for as long as the account will remain active.
Example (One-Step, 6%): If your starting balance is $100,000, you can drawdown to $94,000 before you would violate the Maximum Drawdown rule. Then for example let's say you take your account to $102,000 in CLOSED BALANCE, your Maximum Drawdown would remain at $94,000. So, regardless of how high your account goes, your drawdown will remain the same.
Example (Two-Step, 9%): If your starting balance is $100,000, you can drawdown to $91,000 before you would violate the Maximum Drawdown rule. Then for example let's say you take your account to $102,000 in CLOSED BALANCE, your Maximum Drawdown would remain at $91,000. So, regardless of how high your account goes, your drawdown will remain the same.
Example (One-Step, 6%): If your starting balance is $100,000, you can drawdown to $94,000 before you would violate the Maximum Drawdown rule. Then for example let's say you take your account to $102,000 in CLOSED BALANCE, your Maximum Drawdown would remain at $94,000. So, regardless of how high your account goes, your drawdown will remain the same.
Example (Two-Step, 9%): If your starting balance is $100,000, you can drawdown to $91,000 before you would violate the Maximum Drawdown rule. Then for example let's say you take your account to $102,000 in CLOSED BALANCE, your Maximum Drawdown would remain at $91,000. So, regardless of how high your account goes, your drawdown will remain the same.
Yes, you can hold and trade Crypto products over a weekend.
Yes. We will consider you inactive and your account will be breached if you do not have any trading activity on your account for 30 consecutive days.
Upon passing your Assessment, you will receive an email with instructions on how to access and complete both your "Know Your Customer" verification and your "Trader Agreement". Once both are completed your Funded Account will be created, funded and issued to you typically within 24–48 business hours. You will receive a confirmation email once this account is being enabled.
Once you pass the Assessment, we provide you with a funded account, backed by our capital. The capital in your funded Account is notional and may not match the amount of capital on deposit with the Liquidity Provider. A Funded Account is notionally funded when actual funds in the account (i.e., the equity in a Funded Account represented by the amount of capital) differs from the nominal account size (i.e., the size of the Funded Account that establishes the initial account value and level of trading). Notional funds are the difference between nominal account size and actual capital in a Funded Account.
Use of notional funding does not impact your trading conditions in any way.
Use of notional funding does not impact your trading conditions in any way.
No. We do not have any control over pricing from the liquidity provider or on the executions on your trades.
For purposes of managing risk and minimizing transaction costs, we may offset or negate market risk and act as the direct counterparty to certain trades initiated in the Account. Such trades are executed at prices provided by the Liquidity Provider(s). This framework is intended to ensure you receive real market execution on your trades, while simultaneously allowing us to manage risk dynamically by routing existing positions or future orders to third parties for execution as we deem appropriate. We believe that such real market execution and dynamic risk management would not be possible or as cost-effective if trades were executed in simulated accounts. Regardless of whether we act as counterparty to your trades, the gain or loss on your funded account is not calculated differently. However, when we act as the counterparty to your trades, there is an inherent potential conflict of interest because your trades do not result in net gain or loss to us, as your trades would if we were not the direct counterparty.
The maximum position that you may open is determined by your available margin. We reserve the right to increase the margin requirement, amend the leverage ratio limits, or limit the number of open positions you may enter or maintain in a Funded Account at any time, without prior notice, and to revise, in response to market conditions, the drawdown levels at which trading in the funded account will be halted. We or the Liquidity Provider reserve the right to refuse to accept any order.
The rules for the funded account are exactly the same as your Assessment account. However, with a funded account, there is no profit target.
If you have gains in your funded account at the time of a breach, you will still receive your portion of those gains.
For example, if you have a $100,000 account and you grow that account to $110,000. Should you then have a breach we would close the account. Of the $10,000 in gains in your funded account, you would be paid your portion thereof.
For example, if you have a $100,000 account and you grow that account to $110,000. Should you then have a breach we would close the account. Of the $10,000 in gains in your funded account, you would be paid your portion thereof.
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.
Your first withdrawal can be requested at any time, subject to the profit split stated in the Trader Agreement. 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. The drawdown does not reset when you request a withdrawal.
Example: You have taken an account from $100,000 to $120,000. You then request a withdrawal of $16,000 where the profit split is 90/10. In this scenario, you will receive $14,400 and we would retain $1,600. This would also take the balance of the account down to $104,000, and your Maximum Drawdown will remain $94,000. So, you would have $10,000 maximum you could lose on the account before it would violate the Maximum Drawdown rule. If you take a full withdrawal of the gains in your Funded Account, the Maximum Drawdown will still remain at $94,000.
Example: You have taken an account from $100,000 to $120,000. You then request a withdrawal of $16,000 where the profit split is 90/10. In this scenario, you will receive $14,400 and we would retain $1,600. This would also take the balance of the account down to $104,000, and your Maximum Drawdown will remain $94,000. So, you would have $10,000 maximum you could lose on the account before it would violate the Maximum Drawdown rule. If you take a full withdrawal of the gains in your Funded Account, the Maximum Drawdown will still remain at $94,000.
We have risk management software that is synced with the accounts we create. This allows us to analyze your performance in real time for achievements or rule violations. As such, you must use an account that we provide to you.
Subject to compliance with applicable laws and regulations, traders from all countries, excluding OFAC listed countries, can take part in our program, unless otherwise limited at Nova Funded's discretion.
You must be at least 18 years of age, or the applicable minimum legal age in your country, to purchase an assessment.
Upon purchasing an Assessment, you will receive access to a trader dashboard where you can monitor your Assessment and Funded Accounts. The dashboard is updated every time we calculate metrics, which occurs roughly every 60 seconds. It is your responsibility to monitor your breach levels.
Crypto plans are hosted on DXtrade with TradingView charts. All trades will be executed on the DXtrade platform.
We offer 26 different Cryptocurrency products. You can trade any products streamed by the Liquidity Provider into the available platform. See the Crypto Product Spec for details.
We allow up to 5:1 leverage on BTC and ETH. Other cryptocurrencies listed on the platform are at 2:1.
Trading hours are set by the cryptocurrency exchange or Liquidity Provider(s) and are generally open 24 hours. We do not have any control over the trading hours.
Please note that holidays can have an impact on available trading hours.
Please note that holidays can have an impact on available trading hours.
Commissions or commission-equivalents may be charged in connection with your trading activity. Note that cryptocurrency trading is subject to a percentage-based commission rate of 0.05% of the total notional trade volume, charged per side (USD amount × 0.0005).
Unfortunately, Crypto plans are hosted on DXTrade, which does not support Expert Advisors or other automated strategies.
You are also prohibited from using any trading strategy that is expressly prohibited by Nova Funded or the Liquidity Providers it uses. Such prohibited trading ("Prohibited Trading") shall include, but not be limited to:
Additionally, Nova Funded reserves the right to disallow or block any Trader from participating in the program for any reason, in its sole and absolute discretion.
To view all Prohibited Uses, please review our Terms and Conditions on the Nova Funded website.
- Exploiting errors or latency in the pricing and/or platform(s) provided by the Liquidity Provider
- Utilizing non-public and/or insider information
- Front-running of trades placed elsewhere
- Trading in any way that jeopardizes the relationship that Nova Funded has with a Liquidity Provider or may result in the canceling of trades
- Trading in any way that creates regulatory issues for the Liquidity Provider
- Utilizing any third-party strategy, off-the-shelf strategy or one marketed to pass challenge accounts
- Utilizing one strategy to pass an assessment and then utilizing a different strategy in a funded account, as determined by Nova Funded at its discretion
- Attempting to arbitrage an assessment account with another account with Nova Funded or any third-party company, as determined by Nova Funded in its sole and absolute discretion
Additionally, Nova Funded reserves the right to disallow or block any Trader from participating in the program for any reason, in its sole and absolute discretion.
To view all Prohibited Uses, please review our Terms and Conditions on the Nova Funded website.
Opening a position within 3 minutes before or after a News Event is prohibited. Any traders identified as having opened a position during a News Event are subject to having that position closed and the associated P&L removed from their account, having the leverage on their account reduced or having their account breached altogether. Nova Funded has sole and absolute discretion in determining what constitutes a News Event. This rule is intended to protect the integrity of our program and is not meant to penalize traders who inadvertently trade through a news event.
Charges will appear on your statement under the billing descriptor shown to you at checkout when completing your Nova Funded purchase.
When trading a Funded Account for Nova Funded, you are treated as an independent contractor. As a result, you are responsible for any and all taxes on your gains.
Affiliates are credited for referrals when a user creates an account using a link or discount code provided by the Affiliate.
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Funded Futures Plan
The Funded Futures Plan is a performance-based futures trading program. Traders move through four phases, each with defined goals and payouts, before graduating into a Live Funded Futures account.
Key Features: 1) Early Payouts – Earn real payouts beginning with Phase 1. Continue earning additional and increasing payouts after completing each subsequent phase. 2) Live Funded Transition – Advance through Phase 4 to unlock a Live Funded Futures account. 3) Consistency Requirement – A 25% cap on your best day's profit supports steady, professional trading behavior.
Plan Sizes & Rules
| $25,000 | $50,000 | $100,000 | $150,000 | |
|---|---|---|---|---|
| Profit Target per Phase | 9% | 9% | 9% | 9% |
| Max Loss (trails on EOD balance) | 5% | 5% | 5% | 5% |
| Consistency Requirement | 25% | 25% | 25% | 25% |
| Maximum Time | 60 Days | 60 Days | 60 Days | 60 Days |
| Exposure Limits (Standard/Micro) | 1/15 contracts | 3/30 contracts | 6/60 contracts | 9/90 contracts |
| Inactivity (Phases 1–4) | 14 days | 14 days | 14 days | 14 days |
| Inactivity (Live Funded) | 7 days | 7 days | 7 days | 7 days |
| Phase 1 Payout | $500 | $1,000 | $2,000 | $3,000 |
| Phase 2 Payout | $750 | $1,500 | $3,000 | $4,500 |
| Phase 3 Payout | $750 | $1,500 | $3,000 | $4,500 |
| Phase 4 Payout | $1,500 | $3,000 | $6,000 | $9,000 |
| Live Funded Account Size | $3,000 | $6,000 | $12,000 | $18,000 |
| Live Funded Max Loss (Static) | $1,500 | $3,000 | $6,000 | $9,000 |
| Live Funded Profit Split | 90% | 90% | 90% | 90% |
| Live Funded Max Time | N/A (inactivity only) | N/A | N/A | N/A |
Your Path to Funding
1. Phase 1 – Reach the profit target while following the consistency requirement and adhering to the Max Loss Limit.
2. First Payout – Upon completing Phase 1, you're instantly eligible for your first payout.
3. Phases 2–4 – Hit each target, maintain consistency, and avoid the Max Loss to receive additional payouts.
4. Live Funded – After Phase 4, you'll transition to a Live Funded account. There is no Max Time restriction at this phase (inactivity still applies). Once you achieve this phase you are responsible for all platform and data fees (deducted monthly from the account balance). As long as traders adhere to the rules as defined above and remain profitable, they can continue trading.
Phase 1 begins once you purchase an account. Once you hit your profit target while maintaining a 25% consistency, you will be able to request a payout and then advance to the next Phase. At each new Phase your account will begin with a fresh starting balance.
Once you complete a Phase and meet the 25% consistency rule you will be eligible to make a request for that Phase's payout. You will not be able to advance to the next phase until the payout is requested and completed.
We have a Consistency Requirement to ensure traders aren't hitting profit targets through a few lucky trades. This promotes consistent behavior and punishes YOLO style trading. The calculation is: (best trading day PnL / Total PnL) × 100.
A lower value means profits are generated more consistently across multiple trading days. A higher value means profits are concentrated on fewer trading days. For example, a consistency requirement of 25% means you cannot achieve your entire profit target in less than 4 days (100% / 25% = 4).
You must meet both the profit target and the consistency requirement — maintaining a consistency ratio at or below 25% — to hit your profit target, be eligible for a payout, and to advance to the next phase.
Example 1: On a $100k account with a profit target of $8,000, if you earn $2,000 per day over 4 days, you meet the consistency requirement. Your best day is $2,000, and total profit is $8,000 — resulting in a consistency ratio of 25% ($2,000 / $8,000).
Example 2: On a $100k account with a profit target of $8,000, if your profits across 4 days are $3,000, $1,000, $2,000, and $2,000, you violate the consistency requirement. Your best day is $3,000, and total profit is $8,000 — which gives a consistency ratio of 37.5% ($3,000 / $8,000). To meet the consistency requirement of 25%, you would now need to reach a total profit of $12,000 while keeping your best day at or below $3,000.
A lower value means profits are generated more consistently across multiple trading days. A higher value means profits are concentrated on fewer trading days. For example, a consistency requirement of 25% means you cannot achieve your entire profit target in less than 4 days (100% / 25% = 4).
You must meet both the profit target and the consistency requirement — maintaining a consistency ratio at or below 25% — to hit your profit target, be eligible for a payout, and to advance to the next phase.
Example 1: On a $100k account with a profit target of $8,000, if you earn $2,000 per day over 4 days, you meet the consistency requirement. Your best day is $2,000, and total profit is $8,000 — resulting in a consistency ratio of 25% ($2,000 / $8,000).
Example 2: On a $100k account with a profit target of $8,000, if your profits across 4 days are $3,000, $1,000, $2,000, and $2,000, you violate the consistency requirement. Your best day is $3,000, and total profit is $8,000 — which gives a consistency ratio of 37.5% ($3,000 / $8,000). To meet the consistency requirement of 25%, you would now need to reach a total profit of $12,000 while keeping your best day at or below $3,000.
No. But in order to complete the phase and be entitled to receive the payout, you will need to achieve both the profit target and the consistency requirement.
This is the predetermined profit amount you need to achieve in order to pass to the next phase of the program and be eligible to receive the payout.
There is no specific Daily Loss Limit, but traders must always stay within the Max Trailing Loss.
The Maximum Trailing Loss for each phase trails using End of Day Balance.
Example: If your starting balance is $100,000, and there is a 5% Max Trailing Loss, you can drawdown to $95,000 before you violate the Maximum Trailing Loss rule. Then for example let's say you take your end of day balance to $102,000. This is your new End of Day High-Water Mark, which would mean your new Maximum Trailing Loss would be $97,000. Once you generate a 5% return in the account, the Max Trailing Loss will lock at the starting balance (i.e. the Max Loss Limit will never increase above your starting balance). For the purpose of all calculations, the end of day is defined as 1600 CST.
Example: If your starting balance is $100,000, and there is a 5% Max Trailing Loss, you can drawdown to $95,000 before you violate the Maximum Trailing Loss rule. Then for example let's say you take your end of day balance to $102,000. This is your new End of Day High-Water Mark, which would mean your new Maximum Trailing Loss would be $97,000. Once you generate a 5% return in the account, the Max Trailing Loss will lock at the starting balance (i.e. the Max Loss Limit will never increase above your starting balance). For the purpose of all calculations, the end of day is defined as 1600 CST.
No. You will need to purchase a new account if you breach it for any reason.
No. All positions must be closed and all open orders cancelled at 1510 CST each weekday.
Each Phase (1–4) has a maximum time limit of 60 calendar days. This means you must meet all the requirements for a given phase within 60 days of starting that phase.
If you do not complete a phase within the 60-day window, your account will be deactivated, regardless of your progress or profit level at that point. You will need to purchase a new Futures plan to continue.
The timer begins on the day you place your first trade and continues uninterrupted. There are no extensions or pauses. Please plan your trading accordingly to stay on track throughout all four phases.
If you do not complete a phase within the 60-day window, your account will be deactivated, regardless of your progress or profit level at that point. You will need to purchase a new Futures plan to continue.
The timer begins on the day you place your first trade and continues uninterrupted. There are no extensions or pauses. Please plan your trading accordingly to stay on track throughout all four phases.
For Phases 1–4, you must place an executed trade once every 14 days to retain the account.
If you reach the Live Funded account level, you must place an executed trade once every 7 days to retain the account.
No, unfortunately we cannot pause the inactivity timer at any account phase.
You will be required to complete our Know Your Customer (KYC) program and sign our Trader Agreement prior to requesting a payout.
If you do not pass the KYC process, your account will be closed.
No. We operate at arm's lengths with the liquidity providers/Exchanges. All market pricing and trade executions are provided by third parties and are not changed or modified by us. Additionally, we do not markup transaction costs established through adjusting bid-offer spreads, markups/markdowns, commission charges or swaps.
During the simulated phases, trades are executed against the liquidity provided by your trading platform and are designed to closely mimic real-market pricing and execution. Once you receive your live funded account, the pricing and execution will come directly from the exchange(s) on which you trade.
The total number of contracts you can hold at one time is limited by both your account size and the exchange margin requirements for each product. Your account balance must be sufficient to cover the required margin for all open positions. Refer to the product table below for a full breakdown of per-product margin requirements.
If you have gains in your Live Funded Futures (Phase 5) account at the time of a breach, you will still receive your portion of those gains.
If you achieve the profit target for your current phase and meet the consistency requirements, you'll be eligible to request that phase's payout. This payout must be completed before your account is upgraded to the next phase.
The Live Funded Futures account operates under a different set of rules compared to Phases 1–4. Once you reach this level, the following changes apply:
- Risk Parameters: The Max Loss is capped at 50% of your starting balance. There are no longer any profit targets, consistency rules, or time limits.
- Inactivity Rule: You must place at least one executed trade every 7 calendar days to retain your account.
- Live Market Conditions: You are now trading in a live environment, which means you may encounter real-market factors such as slippage, partial fills, and varying liquidity.
- Profit Split: You no longer have a fixed payout and are eligible to keep 90% of your profits in the Live Funded Futures phase.
A futures contract represents a standardized amount of an underlying asset. For example, one E-mini S&P 500 futures contract (ES) represents $50 times the index price, while one crude oil (CL) contract represents 1,000 barrels of oil. See the supported products list below.
You must complete the CME market data attestation using the R | Trader Pro desktop app — this cannot be done through mobile or web platforms. Once you've completed the attestation in R | Trader Pro, you'll be able to log in and trade through mobile or web apps. Please note: you must attest as a non-professional; we do not accept professional status in this program.
Market data fees cover the cost of accessing real-time price data from the exchanges. These fees are included in your purchase price during Phases 1 through 4. Once you reach the Live Funded Futures phase, any applicable market data or platform fees will be deducted from your account balance on a monthly basis.
Subject to compliance with applicable laws and regulations, traders from all countries, excluding OFAC listed countries, can take part in our program, unless otherwise limited at Nova Funded's discretion.
You must be at least 18 years of age, or the applicable minimum legal age in your country, to purchase a Funded Futures account.
Upon purchasing a Funded Futures plan, you will receive access to a trader dashboard where you can monitor your Funded Futures account. The dashboard is updated in near real time as we calculate your account metrics. It is your responsibility to monitor your breach levels.
When you purchase a Funded Futures plan, you'll receive credentials granting access to a Rithmic R|Trader account. We provide the R|Trader Pro desktop application (Windows only). To use Rithmic's Web and Mobile platforms, you must first complete the Market Data attestation by logging into R|Trader Pro desktop.
These credentials can also connect you to Rithmic's data feed through supported third-party platforms like Quantower, MotiveWave, Bookmap, and others compatible with Rithmic.
Please note: While we facilitate access to Rithmic's infrastructure, we do not offer user support for R|Trader, Rithmic, or any third-party platforms. For technical issues or platform-specific questions, please contact the respective technology provider directly.
These credentials can also connect you to Rithmic's data feed through supported third-party platforms like Quantower, MotiveWave, Bookmap, and others compatible with Rithmic.
Please note: While we facilitate access to Rithmic's infrastructure, we do not offer user support for R|Trader, Rithmic, or any third-party platforms. For technical issues or platform-specific questions, please contact the respective technology provider directly.
You may only have one active Funded Futures account per starting tier size at a time. The allowed tiers are $25K, $50K, $100K, and $150K — meaning the maximum number of active accounts you can hold at once is four, one of each size. Altogether, the combined starting balances of your active accounts cannot exceed $325,000.
Traders are allowed to trade Futures products only in this program, listed on the following exchanges: CME, COMEX, NYMEX & CBOT.
Supported products: E-mini S&P 500 (ES – CME), Micro E-mini S&P 500 (MES – CME), E-mini Nasdaq-100 (NQ – CME), Micro E-mini Nasdaq-100 (MNQ – CME), E-mini Dow Jones (YM – CBOT), Micro E-mini Dow Jones (MYM – CBOT), E-mini Russell 2000 (RTY – CME), Micro E-mini Russell 2000 (M2K – CME), Euro FX (6E – CME), British Pound (6B – CME), Japanese Yen (6J – CME), Canadian Dollar (6C – CME), Swiss Franc (6S – CME), Australian Dollar (6A – CME), Crude Oil (CL – NYMEX), Micro Crude Oil (MCL – NYMEX), Natural Gas (NG – NYMEX), Heating Oil (HO – NYMEX), RBOB Gasoline (RB – NYMEX), Gold (GC – COMEX), Micro Gold (MGC – COMEX), Silver (SI – COMEX), Micro Silver (SIL – COMEX), Platinum (PL – NYMEX), Copper (HG – COMEX), Corn (ZC – CBOT), Soybeans (ZS – CBOT), Soybean Meal (ZM – CBOT), Soybean Oil (ZL – CBOT), Wheat (ZW – CBOT), Micro Bitcoin (MBT – CME), Micro Ether (MET – CME).
Supported products: E-mini S&P 500 (ES – CME), Micro E-mini S&P 500 (MES – CME), E-mini Nasdaq-100 (NQ – CME), Micro E-mini Nasdaq-100 (MNQ – CME), E-mini Dow Jones (YM – CBOT), Micro E-mini Dow Jones (MYM – CBOT), E-mini Russell 2000 (RTY – CME), Micro E-mini Russell 2000 (M2K – CME), Euro FX (6E – CME), British Pound (6B – CME), Japanese Yen (6J – CME), Canadian Dollar (6C – CME), Swiss Franc (6S – CME), Australian Dollar (6A – CME), Crude Oil (CL – NYMEX), Micro Crude Oil (MCL – NYMEX), Natural Gas (NG – NYMEX), Heating Oil (HO – NYMEX), RBOB Gasoline (RB – NYMEX), Gold (GC – COMEX), Micro Gold (MGC – COMEX), Silver (SI – COMEX), Micro Silver (SIL – COMEX), Platinum (PL – NYMEX), Copper (HG – COMEX), Corn (ZC – CBOT), Soybeans (ZS – CBOT), Soybean Meal (ZM – CBOT), Soybean Oil (ZL – CBOT), Wheat (ZW – CBOT), Micro Bitcoin (MBT – CME), Micro Ether (MET – CME).
Traders must trade the front-month contract for each product, as it has the highest liquidity and open interest. For example, in March, the correct contract for the ES E-Mini S&P 500 products is the March (H) contract — not July (N) or September (U). Trading out-month contracts is prohibited and may result in the loss of your account. Always ensure you're trading the active front-month listed on the exchange.
To identify the most active front-month futures contracts, you can use CME Group's Product Slate, which provides detailed information on all available contracts, including their current front-month status.
To identify the most active front-month futures contracts, you can use CME Group's Product Slate, which provides detailed information on all available contracts, including their current front-month status.
Trades can be placed starting at 1700 CST at the Globex Open and can be held until the 1510 CST session close.
Positions will be closed for you during regular trading days at 1510 CST. Trades cannot be held over weekends.
Holiday Hour Trading: During holiday trading hours, auto-liquidation will not occur at the half-time market close, and the trader is responsible for closing the positions.
Holiday Hour Trading: During holiday trading hours, auto-liquidation will not occur at the half-time market close, and the trader is responsible for closing the positions.
- Please pay careful attention to market hours around holidays and shortened weeks.
- Failure to close the positions before the market closes may result in the loss of the account whether it is a Funded Futures or Live Futures account.
Funded Futures accounts receive the same pricing and commissions as charged by the Liquidity Provider/Exchanges to other, self-funded, retail trading accounts. Per-instrument commission details are available in the product specification.
Subject to our policy on Prohibited Trading as described below, you can trade using an automated strategy.
You are prohibited from using any trading strategy that is expressly prohibited by Nova Funded or the Liquidity Providers it uses. Such prohibited trading ("Prohibited Trading") shall include, but not be limited to:
Additionally, Nova Funded reserves the right to disallow or block any Trader from participating in the program for any reason, in its sole and absolute discretion.
To view all Prohibited Uses, please review our Terms and Conditions on the Nova Funded website.
- Exploiting errors or latency in the pricing and/or platform(s) provided by the Liquidity Provider/Exchange
- Utilizing non-public and/or insider information
- Front running of trades placed elsewhere
- Trading in any way that jeopardizes the relationship that Nova Funded has with a Liquidity Provider/Exchange or may result in the canceling of trades
- Trading in any way that creates regulatory issues for the Liquidity Provider/Exchange
- Utilizing any third-party strategy, off-the-shelf strategy or one marketed to pass challenge accounts
- Attempting to arbitrage a funded account with another account with Nova Funded or any third-party company, as determined by Nova Funded in its sole and absolute discretion
- No Gambling Permitted: When participating in trading on both Challenge and Instant Funded Accounts, traders are expected to adhere to responsible risk management practices. This includes carefully considering the risks associated with position size, trade duration, and hedging strategies. Taking excessive risks, such as utilizing maximum leverage to open large positions with the hope of reaching profit targets through a single price movement, is strictly prohibited. Please refer to the Terms and Conditions for the full Prohibition of Gambling Practices language.
- Compliance with CME Group Rules: All trading activities must adhere to CME Group's rules and regulations.
Additionally, Nova Funded reserves the right to disallow or block any Trader from participating in the program for any reason, in its sole and absolute discretion.
To view all Prohibited Uses, please review our Terms and Conditions on the Nova Funded website.
Our futures program does not prohibit trading during news events; however, traders must exercise heightened caution due to the increased volatility and reduced liquidity that often accompany such events.
Traders are solely responsible for staying informed of scheduled economic news releases and managing their positions accordingly.
Traders are solely responsible for staying informed of scheduled economic news releases and managing their positions accordingly.
Charges will appear on your statement under the billing descriptor shown to you at checkout when completing your Nova Funded purchase.
When trading an account for Nova Funded, you are treated as an independent contractor. As a result, you are responsible for any and all taxes on your gains.
Affiliates are credited for referrals when a user creates an account using a link or discount code provided by the Affiliate.
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Single Session Equities
Nova Funded's intraday equities program for traders who open and close all positions within the same trading session. Complete rules and answers below.
Single Session Equities trading is designed for traders who intend to open and close all positions within the same Trading Session. Positions may not be carried beyond 15:55 ET.
Yes. It is the responsibility of the trader to ensure that all positions are closed before 15:55 ET.
The platform will attempt to automatically close positions at 15:55 ET. However, it is the responsibility of the trader to ensure all positions are closed on or before this time. If a position remains open past that cutoff, it will be treated as a violation of the Prohibited Practices and result in a hard breach.
You may trade any S&P 100 equity products made available on the platform for this program.
Equities trading is available via the GooeyPro trading platform only.
Equities trading is offered with 2:1 leverage.
For Equities trading, the permitted Trading Session is 09:30 ET through 15:55 ET only. Although U.S. equities may trade during Pre-Market, Regular Market, and Extended Hours sessions, trading outside of this permitted window is not allowed. All Single Session Equities positions must be fully closed by 15:55 ET.
Commissions are $0.02 per share per side, subject to a minimum commission of $0.50 per transaction.
Liquidity, pricing, and execution are sourced and provided directly from Nasdaq.
You must achieve 10% returns in the Evaluation phase to progress to the Funded phase (assuming minimum profitable trading days is also met).
The Max Drawdown is a 3.0% Maximum Trailing Drawdown based on closed balance only, not equity. It begins 3.0% below your starting balance and trails upward as your closed balance reaches new highs. Once the account reaches a 3.0% return, the Max Drawdown stops trailing and is permanently locked at the starting balance. A violation of the Max Drawdown is considered a hard breach.
Example: On a $100,000 account, the starting Max Drawdown threshold is $97,000. If your closed balance increases to $102,000, that becomes your new high-water mark and your Max Drawdown threshold moves up to $99,000. If your closed balance then increases to $103,000, the Max Drawdown threshold locks at your starting balance of $100,000 and no longer trails upward.
Example: On a $100,000 account, the starting Max Drawdown threshold is $97,000. If your closed balance increases to $102,000, that becomes your new high-water mark and your Max Drawdown threshold moves up to $99,000. If your closed balance then increases to $103,000, the Max Drawdown threshold locks at your starting balance of $100,000 and no longer trails upward.
The Daily Loss Limit is the maximum amount an account may lose on a single trading day. A violation of the Daily Loss Limit is considered a hard breach, and the account will be terminated. The Daily Loss Limit follows an intraday trailing drawdown. This level trails the greater of the daily balance high water mark and the daily equity high water mark.
Example: On a $100,000 account with a 2.5% Daily Loss Limit, the starting breach level for the day is $97,500. If during the day equity reaches $102,000 and balance reaches $101,000, the higher value of $102,000 becomes the daily high-water mark. The new breach threshold becomes $99,450, which is 2.5% below $102,000. If the account equity falls below that amount during the day, the account breaches. If the day ends with both balance and equity at $101,000, then the next day begins with a new breach threshold of $98,475, which is 2.5% below $101,000.
Example: On a $100,000 account with a 2.5% Daily Loss Limit, the starting breach level for the day is $97,500. If during the day equity reaches $102,000 and balance reaches $101,000, the higher value of $102,000 becomes the daily high-water mark. The new breach threshold becomes $99,450, which is 2.5% below $102,000. If the account equity falls below that amount during the day, the account breaches. If the day ends with both balance and equity at $101,000, then the next day begins with a new breach threshold of $98,475, which is 2.5% below $101,000.
The Daily Profit Cap applies during the Evaluation phase. A violation of this limit is considered a daily pause. If exceeded, any open trades will be closed, all open orders will be cancelled, and the account will be disabled for the remainder of the current session. The account will be re-enabled on the next trading day. This is calculated as a fixed value from the day's starting equity.
Example: On a $100,000 account with a 2.5% Daily Profit Cap, assume the day begins with equity of $102,000. The profit cap for that day is $104,500. If account equity exceeds that amount, positions are closed and the account is paused for the rest of the day. If the account settles at $104,600 after liquidation, the account may trade again the next trading day after 17:00 ET, and the new daily cap is then based on the new day's starting equity.
Example: On a $100,000 account with a 2.5% Daily Profit Cap, assume the day begins with equity of $102,000. The profit cap for that day is $104,500. If account equity exceeds that amount, positions are closed and the account is paused for the rest of the day. If the account settles at $104,600 after liquidation, the account may trade again the next trading day after 17:00 ET, and the new daily cap is then based on the new day's starting equity.
Funded phases are subject to a 25% consistency requirement. This means that no more than 25% of total profits may be generated on a single trading day to qualify for a payout. Optional add-ons are available at checkout to allow for a higher consistency limit.
To proceed to the next phase or become eligible for a payout, you must generate at least 0.5% profit per day over three separate trading days in both the Evaluation and Funded phases, in addition to meeting all other applicable requirements.
All trades must be held for at least 1 minute. Any trade that is held for less than this time frame will be deemed a violation and any profits generated from this trade will be forfeited.
Funded accounts are eligible for an 80/20 profit split on gains. This means the trader receives 80% of eligible profits, and the remaining 20% is retained by the firm. An add-on is available to increase the split to 90% for an additional 15%.
Payout Protector is an optional point-of-sale add-on available for an additional 25% cost. It protects a trader's eligible profit share in a Funded account in the event of a hard breach.
The first payout may be requested after 14 days in the Funded phase. After that, payouts may be requested every 14 days, provided all applicable payout conditions and program rules have been satisfied.
Lock Upon Payout is enabled by default on all plans. This means that once a payout is processed, your Max Drawdown is permanently locked at the original starting balance. Traders may elect to purchase an add-on at checkout for an additional 25% of the plan price to disable this feature.
Example: If a trader has a $100,000 account and grows the balance to $110,000, once a payout is processed the Max Drawdown becomes permanently locked at $100,000. From that point forward, the account balance may not fall below $100,000. If it does, the account will be considered breached.
Example: If a trader has a $100,000 account and grows the balance to $110,000, once a payout is processed the Max Drawdown becomes permanently locked at $100,000. From that point forward, the account balance may not fall below $100,000. If it does, the account will be considered breached.
Yes. The minimum withdrawal amount is $100 when requesting a payout through the platform.
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