NovusTrader is a proprietary trading firm that offers traders the chance to prove their skills through the "One Step Challenge" program. The firm provides a variety of account sizes, competitive trading conditions, and flexible profit-sharing models. NovusTrader gives traders access to trade over 300 instruments across Forex, indices, commodities, and cryptocurrencies, offering up to 90% profit splits with no downside risks.

Company Information

Company Name: NovusTrader
Company Legal Name: Prop Account, LLC

Challenge Details

Challenge Name: One Step Challenge

Pricing:

$5,000 Account: $49
$10,000 Account: $99
$25,000 Account: $249
$50,000 Account: $499
$100,000 Account: $999
$250,000 Account: $2,499
$500,000 Account: $4,999

Rules:

Profit Target: 10%
Total Loss: 6%
Daily Loss: 5%
Profit Share: Up to 90%
Drawdown Type: Trailing Drawdown
Time Limit: Unlimited
Leverage:
- Forex: 25:1
- Metals and Indices: 10:1
- Equity Shares: 5:1
- Cryptocurrencies: 2:1
Max Lot Size:
- $5K Account: 0.5 lots
- $10K Account: 1 lot
- $25K Account: 2.5 lots
- $50K Account: 5 lots
- $100K Account: 10 lots
- $250K Account: 25 lots
- $500K Account: 50 lots
Payout Frequency: Every 30 Days
Allows Copy Trading: No
Min Trading Days: 0
Scaling Plan: Not Available

Spreads and News Trading Rules

Spreads:

NovusTrader has partnered with EightCap to offer RAW accounts with tight spreads on Forex and Equity Share CFDs.

News Trading Rules:

Trading during news events is allowed.

Other Important Rules:

Daily Drawdown Calculation:

Daily Drawdown is calculated based on the balance of previous day at 5PM EST. This drawdown is calculated similar to equity based drawdown therefore the drawdown limit can change based on the account balance of the previous day.

Countries Banned from Purchasing:

NovusTrader does not allow OFAC-listed countries to join their funding program.

Prohibited Trading Strategies:

NovusTrader has not mentioned any prohibited Trading Strategies or any gambling rule.

Payout Methods

Profits are posted to the trader's Deel account, which can be withdrawn via any available methods on Deel.

Trading Commissions

NovusTrader has not clearly mentioned the trading commissions but they have partnered with EightCap to provide the most competitive commission on Forex and Equity Share CFDs.

Leave a Review for Novus Trader – Share Your Prop Trading Experience

Novus Trader

FAQs

Who is permitted to write a review on The Trusted Prop?

What areas can I focus on for providing a feedback in my review?

Do I need to upload some type of proof in order to leave a review?

How long does it take for my review to show up on the website?

Am I able to change or delete my review after submission?