Is Funded Nation a legitimate prop firm?

We would like to assure you that we are a team of Forex trader, and business executives who are in a serious business of up-scaling the immense potential of Forex market. We strive to reach and assist skilled traders who lack individual funds to capitalize on the potential of Forex market. Our prop firm is a great place for skilled and ambitious traders. Our team value work ethics, integrity, and commitment to professional etiquette. We strive to build Funded Nation as the best prop firm for traders where they can trade with freedom and flexibility.

Does Funded Nation allow me to trade news?

Yes, news trading is allowed at Funded Nation. However, to incorporate risk management, we have a restriction in place. News trading is not permitted within 2 minutes before and after a news announcement.

How long does it take to become a Virtual Fund Manager?

Funded Nation is a no time limit prop firm and does not impose any time limit on traders; traders can take as many days they want to clear the challenge. However, we have minimum trading day limit in place to assess our traders' risk management practice. Our Jet Set Citizen offering takes a minimum of five trading days to complete. Once you clear the evaluation, you can have your funded account on the very next trading day. Our Golden Visa offering consists of two stages of evaluation and verification each taking a minimum of five trading days. Thus, you can have your account on the 11th trading day if you opt for the Golden Visa offering.

What is your daily drawdown and maximum drawdown limits?

For Jet Set Citizen offering, Funded Nation has put daily drawdown limit at 3% and maximum drawdown limit at 6%. For Golden visa offering, the daily drawdown and maximum drawdown limit is 5% and 10% respectively.

How does Funded Nation calculate maximum drawdown?

At Funded Nation, our maximum total drawdown is equity-based, meaning that both the open and closed positions of the trader are accounted for while calculating the drawdown. The very purpose of the maximum total drawdown is to ensure that the equity or account balance of the trader does not reach below to a certain specified level. The equity-based maximum total drawdown is advantageous for traders if they are able to make a profit and increase their account or equity balance while for losing traders, it is disadvantageous. Let’s suppose a trader starts with an initial account balance of $10,000 and the maximum equity-based total drawdown is 10% of the starting account. This means that the trader shall lose the account if the account or equity balance reaches $9,000 at any stage of the trading activity. 10% of $10,000 equals $1000 $10,000 - $1000 equals $9000 Remember, that at the end of each trading day at EST 8 P.M, your end-of-day account or equity balance (whichever is higher) is locked for the day and the balance is carried over to the next trading day The dashboard then updates the drawdown figure accordingly as per the new account or equity balance and this is the amount you cannot afford to lose at any point of the trading day. For a clear understanding of the ‘maximum total drawdown’ and how it can be advantageous for profitable traders and disadvantageous for losing traders, we shall look at examples from two different scenarios below. First Scenario 1st day of trading Starting balance: $1,0000 Let us consider that the trader is able to make a profit of $500, taking the account or equity balance total to $10,500 before the system reset. 2nd day of trading Starting balance: $10,500 As per the equity-based maximum drawdown rule, the trader now has a large window because of the profit made on the previous trading day that took the account balance to $10,500. Now, for the account or equity balance to breach $9,000, the trader will have to lose $1,500 instead of $1,000 considering that the daily drawdown limit is not breached in the process. From the above example, it is clear that equity-based maximum total drawdown is advantageous for profitable traders. 2nd scenario 1st day of trading Starting balance: $10,000 Let us consider that the trader made a loss of $400, on the first trading day, and the account or equity balance drops to $9,600 before the system reset. 2nd day of trading Starting balance: $9,600 As per the equity-based drawdown rule, the trader now has a smaller window because of the loss from the first day of trading. Now, for the trader’s account or equity balance to breach the $9,000 limit, a loss of only $600 is required instead of the initial $1,000. Let us consider that the trader lost another $300 on the second trading day, and the account or equity balance dropped to $9,300 before the system reset. 3rd day of trading Starting balance: $9,300 The trader at the beginning of the third day cannot afford to lose $300 or more because of the losses he has accumulated over a period of two days. The trader shall lose his account if he loses another $300 $(9300-300)= $9000 (the specified breach limit as per the 10% maximum total equity-based maximum drawdown rule).

How does Funded Nation calculate daily drawdown?

At Funded Nation, our daily drawdown is equity-based, meaning that both the open and closed positions of the trader are accounted for while calculating the drawdown. During an intra-day period, the drawdown breach amount shall be deducted from either the trader’s equity balance or the initial account balance whichever is higher. Remember, that at the end of each trading day at EST 8 P.M, your end-of-day account or equity balance (whichever is higher) is locked for the day and the balance is carried over to the next trading day. The dashboard then updates the drawdown figure accordingly as per the new account or equity balance and this is the amount you cannot afford to lose at any point of time during the day. Following is the drawdown explanation with examples from four days of trading. Let’s suppose a trader starts with an initial account balance of $10,000 and the daily drawdown is fixed at 5% of the initial or starting balance. 1st day of trading First-day starting balance: $10,000 The trader’s daily drawdown will be 5% of $10,000 i.e. $500 which means that if he loses $500 at any point of time on the first day, he shall lose his account. Now, let’s suppose that the trader makes a profit of $500 on the first day before the system resets, taking the equity or account balance to $10,500. 2nd day of trading Second-day starting balance: $10,500 Drawdown amount shall remain the same, which is 5% of the initial account balance i.e. $500, but for drawdown calculation, this $500 shall be deducted from $10,500. Thus, the trader shall lose his account if he makes a loss of $500 and his equity or account balance drops to $10,000 at any point of time on the second day of trading. $(10,500-500) = $10,000 Let’s consider that the trader made a loss of $200, and his account balance dropped to $10,300 before the system reset. 3rd day of trading Starting balance for the third day: 10,300 Drawdown figure for the 3rd trading day $(10,300-500) = $9800 The trader shall lose the account if the equity or account balance drops to $9,800 at any point of time on the third day of trading. Let’s consider that the trader did not undertake any trading activities on the 3rd day and the account balance remains the same. Since there is no trade, with no profit or loss, the starting balance and the drawdown criteria shall remain the same for the next day of trading. 4th day of trading Starting balance for the fourth day = $10,300 Drawdown figure for the 4th trading day $(10,300-500) = $9800 The trader shall lose the account if the equity or account balance drops to $9,800 at any point of time on the fourth day of trading. Moving forward, let’s consider that the trader made a loss of $200 on the fourth day, and his account balance dropped to $10,100 before the system reset. 5th day of trading Starting balance for the fifth day = $10,100 Drawdown figure for the 5th trading day $(10,100-500) = $ 9,600 The trader shall lose his account if he makes a loss of $500 and his equity or account balance drops to $9,600 at any point of time on the fifth day of trading.

Is Funded Nation a one step challenge prop firm?

Funded Nation- a flexible prop firm with both one step challenge and two steps challenge for traders Funded Nation is not exclusively a one-step challenge prop firm as it provides traders with both one-step challenge program and two-step challenge program. Our one-step challenge program known as Jet Set offering provides traders with the opportunity to become a virtual fund manager by passing the challenge in one step whereas our two-step challenge program known as Golden Visa offering provides traders with an opportunity to ace the challenge in two steps. Both challenges come with no time limit, which means that traders can take as long as they want to pass the challenge and trade with freedom and flexibility.

Does Funded Nation provide instant funding to traders?

To access our virtual funds up to $1 million, traders need to undertake either our one-step challenge known as Jet Set Citizen offering, or our two-step challenge known as Golden Visa offering. After passing the challenge, traders receive simulated account with instant funding of up to $1M in virtual funds

How many lots can I trade at a time?

At Funded Nation, you can trade with multiple lots using our leverage plan as specified in the leverage chart but with certain restrictions. You cannot consume all the leverage together in a single trade but you can use them in multiple trades. This allows better allocation of leverage across different pairs if you are trading in forex.

What is VPN and VPS supported trading? Does Funded Nation allow trading through VPN and VPS?

VPS trading involves utilizing a Virtual Private Server (VPS) to execute trades in financial markets. It offers traders the advantage of a stable, always-on environment for automated or algorithmic trading strategies. VPS can enhance trading efficiency and reduce downtime compared to running trading software on a personal computer. Funded Nation allows you to use VPN and VPS services only if you are using them to utilize advantages that do not violate the law of the land where you are a registered citizen and you are also not using the services to bypass the prohibited trading practices and behavior as mentioned in clause 3.8 of the client agreement. You may be informed that Funded Nation system keeps track of your trading activities and has proper mechanism in place that flags prohibited trading practices. Any violation in this regard shall immediately lead to termination of your account.

Does Funded Nation allow copy trading?

Yes, Funded Nation allows you to copy trade only if the copied trade is from your own trade that may have been carried out by you in any platform under your name. The company, however, does not allow the practice of copying trade from accounts owned by a different person even if the person happens to be your closest of relatives or friends. Trader indulging in copy trading from an account or accounts belonging to any person other than the trader’s own account shall lose his/her account to termination. The system shall automatically terminate such account on an immediate basis.

Can I use EA services while trading?

Funded Nation allows traders to use the services of Expert Advisors across all accounts but with certain restrictions. We do not allow EA trading types that do not align with market rules of fair trade practices such as tick scalping, arbitrage trading, high frequency trading, EA group hedging and any type that seems to exploit loopholes in the server or platform.

I have two accounts at Funded Nation. Can I merge them together?

Yes, we allow traders to merge their accounts but the total virtual fund amount of the two should not exceed our maximum funding limit of $1 million.

Does funded nation allow multiple accounts?

Yes, we allow traders to maintain multiple accounts but with the following limitation. A trader can have multiple accounts with different plans but we do not allow traders to trade with the same strategy in all the plans. Our risk monitoring tools monitor trading patterns diligently across traders’ accounts and flags any similar trading patterns or strategy. Traders who violate this rule shall not be eligible for further business with Funded Nation.

Is it mandatory to put stop loss while trading?

Stop loss is used in trading to minimize the impact of market volatility and fluctuations due to extreme market conditions. We recommend every trader in Forex trading or any other trading use stop loss as an effective risk management tool. Stop loss as a risk management tool is a time-tested and established method of minimizing the impact of unprecedented market fluctuations Always keep in mind that financial market depends on a lot of micro and macroeconomic factors and as a trader, you can never be sure of what the market holds for you or what situations can bring about extreme market fluctuations. So, it is always a wise thing to use stop loss as a tool to minimize the impact of market volatility caused by unfavorable market situations.

Does Funded Nation have maximum inactive days policy? If yes, what happens to my account if I remain inactive for more number of days than allowed?

Yes, Funded Nation has maximum inactive days policy in place. If a trader’s inactivity reaches 30 consecutive days, the platform automatically terminates the account and the trader loses his account completely.