Nordic Funder is a Prop firm based in Sweden and has been operating since November 2021. Nordic Funder is a simple prop firm with only 1 Step evaluation program and offers up to $400,000 capital funding which can be scaled up to $1 Million.

Company Information

• Company Name : Nordic Funder

• Company Legal Name : Nordic Funder KB

• Company Registration no. : 969783-7335

• Operating Since : November 2021

• CEO Name : David nudleman

Challenge Details

Nordic Funder offers three types of challenge accounts: One-Stage, One-Stage Pro, and Two-Stage.

One-Stage Challenge Details:

Pricing:

• $10,000: $125
• $25,000: $250
• $50,000: $425
• $100,000: $750

Rules:

• Profit Target: 10%
• Total Loss: 6%
• Daily Loss: 4%
• Profit Share: 75%, with add-on 90%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage: 1:10
• Max Lot Size: 10
• Payout Frequency: 14 Days
• Allows Copy Trading: Yes
• Min Trading Days: 0 Days

One-Stage Pro Challenge Details:

Pricing:

• $25,000: $350
• $50,000: $600
• $100,000: $1000
• $200,000: $2000
• $400,000: $4000

Rules:

• Profit Target: 10%
• Total Loss: 10%
• Daily Loss: 5%
• Profit Share: 75%, with add-on 90%
• Drawdown Type: Trailing Drawdown
• Time Limit: Unlimited
• Leverage: 1:10
• Max Lot Size: 10
• Payout Frequency: 14 Days
• Allows Copy Trading: Yes
• Min Trading Days: 0 Days

Two-Stage Challenge Details:

Pricing:

• $10,000: $100
• $25,000: $200
• $50,000: $350
• $100,000: $600

Rules:

• Profit Target (Phase 1): 8%
• Profit Target (Phase 2): 4%
• Total Loss: 6%
• Daily Loss: 3%
• Profit Share: 75%, with add-on 90%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage: 1:10
• Max Lot Size: 10
• Payout Frequency: 14 Days
• Allows Copy Trading: Yes
• Min Trading Days: 0 Days

Scaling Plan

Nordic Funder provides a fairly simple Scaling Plan and to be eligible, Traders must have to make at least 10% profit after being funded. 

If the trader meets this criteria, the account size will be increased by 100% of the initial balance until trader reaches the max scaled up capital which is capped at $1 Million.

News Trading Rules

Nordic Funder does not put any restrictions on trading during the news. Traders are free to trade as however they like.

Other Important Rules:-

Daily Drawdown Calculation

Nordic Funder calculates Daily Drawdown calculation based on Equity EOD balance, Which means the drawdown limit will be calculated at the end of the day and also drawdown limit will keep changing based on the profit or loss a trader has in their account at the moment at the end of the day.

Countries Banned from Purchasing

Nordic Funder does not allow a few countries to take benefits of their services. These countries are: 

• USA

• Afghanistan

• Belarus

• Burma

• Burundi

• Central African Republic

• Congo

• Cuba

• Guinea

• Guinea-bissau

• Iraq

• Iran

• Indonesia

• Lebanon

• Libya

• Malaysia

• Mali

• Moldova

• Nicaragua

• North Korea

• Pakistan

• Russia

• Somalia

• Sudan

• South Sudan

• Syria

• Vanuatu

• Venezuela

• Yemen

• Zimbabwe

Prohibited Trading Strategies

There are a list of strategies that are not allowed by Nordic Funder and these strategies are :

• High-frequency trading
• Latency arbitrage
• Triangular arbitrage
• Hedging 
• Hedging over different accounts
• Trading on behalf of others
• Using a Third Party Trading Bot
• Use a copy trading or managed account services, such as MQL5 or ZuluTrade

Payout Methods

Nordic Funder only offer Rise as their payout method, as soon as trader hits 2% profit on their account, They can withdraw the payouts.

Trading Commissions

Nordic Funder has partnered with Scandinavian Capital Markets and they have set their trading commissions as $0 per lot for all asset types including Forex, trading oil, cryptocurrencies or indices.

IP Rule :-

Nordic Funder has not mentioned any IP Address rule but we advise traders to use the same IP Address to trade from which they have purchased the challenge account.