Company Information

Company Name: Funded Nation
Company Legal Name: Funded Nation Ltd.
Company Registration No.: Not provided
Operating Since: May 30, 2023
CEO Name: Karthik

Challenge Details

Funded Nation provides three types of challenge accounts :- Jetset Citizen 1 Step, Goldenvisa 2 Step, and Smartvisa 3 Step.

Jetset Citizen 1 Step

Pricing:

• $5,000 account – $50
• $10,000 account – $95
• $25,000 account – $175
• $50,000 account – $275
• $100,000 account – $475

Rules:

• Profit Target: 10%
• Total Loss: 6%
• Daily Loss: 3%
• Profit Share: 80%
• Drawdown Type: Equity-Based Drawdown
• Time Limit: Unlimited
• Leverage: Forex 1:50, Commodities 1:30, Indices 1:20, Crypto 1:2
• Max Lot Size: No limit
• Payout Frequency: Every 14 days
• Allows Copy Trading: No
• Minimum Trading Days: 3 days

Goldenvisa 2 Step

Pricing:

• $5,000 account – $50
• $10,000 account – $95
• $25,000 account – $175
• $50,000 account – $275
• $100,000 account – $475

Rules:

• Profit Target (Phase 1): 8%
• Profit Target (Phase 2): 5%
• Total Loss: 10%
• Daily Loss: 5%
• Profit Share: 80% in Funded Phase, 10% in Evaluation Phases
• Drawdown Type: Balance-Based Drawdown
• Time Limit: Unlimited
• Leverage: Forex 1:100, Commodities 1:30, Indices 1:20, Crypto 1:2
• Max Lot Size: No limit
• Payout Frequency: Every 14 days
• Allows Copy Trading: No
• Minimum Trading Days: 3 days

Smartvisa 3 Step

Pricing:

• $5,000 account – $25
• $10,000 account – $55
• $25,000 account – $115
• $50,000 account – $195
• $100,000 account – $345

Rules:

• Profit Target (Phase 1): 6%
• Profit Target (Phase 2): 5%
• Profit Target (Phase 3): 4%
• Total Loss: 6%
• Daily Loss: 3%
• Profit Share: 80%
• Drawdown Type: Balance-Based Drawdown
• Time Limit: Unlimited
• Leverage: Forex 1:50, Commodities 1:30, Indices 1:20, Crypto 1:2
• Max Lot Size: No limit
• Payout Frequency: Every 14 days
• Allows Copy Trading: No
• Minimum Trading Days: 3 days

Scaling Plan

Funded Nation provides a very easy scaling plan to support growth in traders’ accounts. To be eligible, Traders must have to make at least 10% profit in 3 months and also traders will have to make at least 3 payouts as well. After that, Trader's account size will be increased by 25% of their account balance.

Note: Scaling up is not automatic so traders must have to submit a request manually to qualify for a scale-up in their account.

Spreads and News Trading Rules

Spreads:

Funded Nation has not mentioned the spreads on their trading platforms.

News Trading Rules:

Funded Nation allows news trading; however, trading 2 minutes before and after a high impact news is strictly prohibited.

Other Important Rules

Daily Drawdown Calculation:

Funded Nation calculates daily drawdown based on Balance or Equity whichever is higher at the end of the day at 8:00 PM EST. The Drawdown limit recalculates and increase or decrease based on the account progress.

Countries Banned from Purchasing:

Funded Nation allow traders from all the countries to join their funding programs.

Prohibited Trading Strategies:

• Arbitrage Trading
• High-Frequency Trading
• Bracketing Strategies
• Technology Interference
• Exploitation of System Errors
• External Data Feeds
• Manipulative Trading
• Unfair Technological Advantage
• Gap Trading
• Non-Standard Trading Practices
• Exploiting Price Discrepancies
• Trade Coordination or Copy Trading
• Prohibited Expert Advisors (EAs)

Payout Methods

Funded Nation allow traders to withdraw their profits using these 3 methods:

• Bank Transfer
• Wise
• Crypto Wallet Transfer

Trading Commissions

Funded Nation has not mentioned the commissions charged per lot.

IP Rule

Funded Nation requires traders to use the same IP Address across different trading phases to confirm that the same trader is placing trades. Traders must maintain the same IP address for compliance of this rule.