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Nordic Funder

Details About Nordic Funder

Legal Name: Nordic Funder KB
Company Number: 969783-7335
Country of Registeration: SESE
CEO: David nudleman
Support Mail: [email protected]
Phone: Not available
Payment Modes: Crypto, Credit/Debit Card, PayPal
Withdrawal Methods: Rise
Website: https://nordicfunder.com
Banned Countries:AFBYBICFCGCUGNGWIDIRIQKPLBLYMYMLMDMMNIPKRUSOSDSYUSVUVEYEZWSS

Challenge Details at Nordic Funder

Types of Challenges: One Phase Challenge
Trading Platforms: Metatrader
Trading Instruments: Forex, Crypto, Indices, Metals
Broker: Scandinavian Capital Markets
Max Allocation: $400,000
Scaling: $1,000,000
Trading Competitions: Does not organize Trading Competitions
Free Trials: Does not offer free Trials
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About Nordic Funder

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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

Pricing:

  • $25,000 : $200
  • $50,000 : $350
  • $100,000 : $750
  • $200,000 : $2000
  • $400,000 : $4000 

Rules:

  • Profit Target : 10%
  • Total Loss : 5%
  • Daily Loss : 10%
  • Profit Share : 75% 
  • 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

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

Daily Drawdown calculation is 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.

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 and 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.