Nordic Funder Review
Nordic Funder is a proprietary trading firm based in Stockholm, Sweden, offering a unique funded trader program. Established in 2021, the company provides aspiring traders with access to significant trading capital through a one-stage evaluation process. Nordic Funder offers account sizes ranging from $25,000 to $400,000, with the potential to scale up to $1 million.
Nordic Funder Review
Summary
Nordic Funder, established in 2021, is a Scandinavian proprietary trading firm that has quickly made its mark in the prop trading industry. The company offers a unique approach to funded trading, providing aspiring traders with a streamlined path to access significant capital. Their program features account sizes ranging from $25,000 to $400,000, with the potential to scale up to an impressive $1 million.
One of Nordic Funder’s standout features is its one-stage evaluation process, which simplifies the journey for traders looking to prove their skills and gain funding. This approach sets them apart from many competitors who often implement multi-stage challenges. The firm utilizes MetaTrader 4 as its primary trading platform, a choice that caters to a wide range of traders due to its popularity and robust features.
In terms of profit-sharing, Nordic Funder offers a flexible structure with options for 50%, 70%, or 90% profit splits. This tiered system allows traders to potentially increase their earnings as they demonstrate consistent performance. The company provides a 6-month timeframe for traders to pass the assessment or scale their funded account, balancing ample opportunity with a sense of urgency.
Nordic Funder has forged an exclusive partnership with Scandinavian Capital Markets for trade execution. This collaboration aims to provide traders with reliable and efficient trade processing, leveraging the broker’s established presence in the forex market.
The firm’s policy on trading strategies is relatively open, permitting various approaches including news trading and automated trading through Expert Advisors (EAs). This flexibility allows traders to implement their preferred strategies and potentially maximize their performance.
A particularly attractive aspect of Nordic Funder’s program is the refundable assessment fee. This policy demonstrates the company’s confidence in its model and provides an additional incentive for traders to succeed. Upon reaching the profit target and scaling up, traders receive a refund of their initial assessment fee.
Nordic Funder also offers a supportive community through its Discord channel, where traders can interact with each other and the company’s team. This fosters a collaborative environment and provides valuable networking opportunities for traders at all levels.
Let’s delve deeper into Nordic Funder’s specific features, conditions, and programs to gain a more comprehensive understanding of what this prop firm offers to traders.
Nordic Funder Review
Programs
Nordic Funder offers a streamlined and flexible funded trader program designed to cater to traders of various experience levels and capital requirements. The program features a one-stage assessment process, which sets it apart from many competitors who often implement multi-stage challenges. Traders can choose from account sizes ranging from $25,000 to $400,000, with the potential to scale up to an impressive $1 million.
Nordic Funder maintains a 75% profit share, offering substantial earning potential for traders. The program’s structure is straightforward: traders need to achieve a 10% profit target to qualify for a funded account or to scale to the next level. Nordic Funder provides a 6-month timeframe for traders to pass the assessment or scale their funded account, balancing ample opportunity with a sense of urgency. These consistent rules across all account levels allow traders to focus on executing their strategies effectively without having to adapt to new constraints.
One of the most attractive aspects of Nordic Funder’s program is its customizability. Traders can build their own funded trader account by selecting various features and add-ons that suit their trading style. This includes options for different leverage levels (1:10 or 1:20) and the ability to remove certain trading restrictions for an additional fee.
Nordic Funder Review
Conditions
Nordic Funder has established a set of clear and comprehensive conditions for its traders, designed to foster responsible trading while providing ample opportunities for success and growth.
Drawdowns
Nordic Funder implements two primary drawdown rules to manage risk effectively. The first is a 10% maximum trailing loss, which means the account balance cannot decrease more than 10% from its highest point. For instance, if a $100,000 account reaches $110,000, it must not fall below $99,000. The second rule is a 5% maximum daily loss, calculated based on the previous day’s closing balance. If a $100,000 account closed at $105,000 the previous day, it should not drop below $99,750 on the current trading day.
Profit Target
Nordic Funder sets a 10% profit target for traders. Achieving this target is crucial as it qualifies traders for a funded account or allows them to scale up to the next level. For example, with an initial capital of $100,000, a trader needs to reach $110,000 to meet the profit target.
Trading Days
Unlike some proprietary trading firms, Nordic Funder does not impose time constraints on traders. This flexibility allows traders to work towards their profit target at their own pace. However, it’s important to note that there is a 30-day inactivity rule. If a trader doesn’t execute any trades for 30 consecutive days, they will fail the assessment or lose their funding.
Trading Strategies
Nordic Funder offers considerable flexibility in trading strategies. They allow scalping, hedging, news trading, and the use of Expert Advisors. Traders can employ automated strategies, custom indicators, trade copiers, martingale strategies, and grid trading. Overnight position holding is permitted, but trades must be closed by 21:30 GMT on Fridays. Weekend position holding is available as a risk upgrade for a 10% surcharge. However, cryptocurrency trading is not available on weekends due to broker limitations. High-frequency trading strategies are not allowed. Traders can use a VPS to host their expert advisors. Nordic Funder emphasizes the importance of diverse and consistent trading, expecting traders to engage with a variety of symbols and asset classes, with at least 10 unique trades required to demonstrate strategy diversity.
Scaling Plan
Nordic Funder offers a comprehensive scaling plan that allows traders to grow their accounts up to $1 million. The scaling process is tailored to each account size, providing a structured path for growth. Traders starting with a $25,000 account can reach $1 million in 40 scaling levels, while those beginning with $50,000 require 20 levels. For $100,000 accounts, the journey is condensed to 10 levels, and $200,000 accounts need only 5 levels. The most rapid progression is available for $400,000 accounts, which can reach $1 million in just 3 scaling levels. This system rewards consistent performance and adherence to risk management principles, offering traders a clear incentive to maintain profitable strategies as they advance towards larger capital allocations.
Refund
As an added incentive, Nordic Funder offers a refund of the initial assessment fee. This refund is provided when a trader successfully reaches the 10% profit target and scales their account for the first time. It’s worth noting that this refund applies only to the initial fee and does not include any additional add-ons that may have been purchased.
Nordic Funder Review
Features
| Maximum capital | $400,000 |
| Profit split | Up to 75% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | No |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:20 |
Nordic Funder offers a range of features designed to support traders in their journey to becoming funded professionals.
Trading Platform
Nordic Funder exclusively uses MetaTrader 4 (MT4) as their trading platform. MT4 is widely recognized in the trading industry for its reliability and user-friendly interface. It provides traders with advanced charting tools, multiple timeframes, and the ability to implement custom indicators and Expert Advisors. While Nordic Funder currently only offers MT4, they are open to expanding their platform options in the future to meet evolving trader needs.
Dashboard
Nordic Funder provides traders with a comprehensive dashboard to monitor their trading performance and account status. This intuitive interface offers real-time updates on key metrics such as account balance, equity, open positions, and profit/loss figures. The dashboard likely includes features such as a performance tracker, allowing traders to view their progress towards the 10% profit target and their adherence to drawdown limits.
Broker Integration
Nordic Funder has established an exclusive partnership with Scandinavian Capital Markets, a Stockholm-based broker. This partnership ensures that all trades are executed through a reputable and regulated entity. Scandinavian Capital Markets provides Nordic Funder with increased capacity compared to some competitors, potentially offering traders improved execution and liquidity.
Zero Commission Trading
Nordic Funder offers zero commission trading on their funded accounts, which eliminates a significant cost associated with trading and potentially boosts overall returns. This feature is particularly attractive for traders who execute a high volume of trades or use strategies that rely on frequent market entries and exits.
Support Offered
Nordic Funder provides multiple channels for trader support. They have a Discord community where traders can interact live with the Nordic Funder team and other funded traders. This platform allows for real-time communication and community engagement. Additionally, traders can send emails to Nordic Funder for assistance, with the company promising prompt responses to inquiries sent via email.
Knowledge Base
Nordic Funder maintains a comprehensive FAQ section on their website, which serves as their primary knowledge base. This FAQ covers a wide range of topics, including how assessments work, scaling processes, payout procedures, and other essential information for traders considering joining Nordic Funder. This resource is designed to provide traders with answers to common questions and help them understand the ins and outs of the Nordic Funder prop firm before joining.
Nordic Funder Review
Conclusion
In summary, Nordic Funder offers a straightforward path to prop trading with some notable strengths. Their one-stage evaluation process, generous scaling plan, and refundable assessment fee make them an attractive option for many traders. The in-house support team and active Discord community provide valuable resources for traders at all levels. However, traders should be aware of certain requirements. The firm expects diverse trading strategies and enforces a 30-day inactivity rule. Additionally, they currently only offer MT4 as a trading platform. Overall, Nordic Funder presents a solid opportunity for those looking to enter the world of prop trading, provided they align with the firm’s specific requirements and trading conditions.
Nordic Funder Review
