Nova Funding, legally known as Nova Trading Solutions LLC, is a prop trading firm based in Austin, Texas, established in 2021. Specializing in forex trading, Nova Funding offers a 1-step demo evaluation program designed to test and reward traders in a simulated environment.
Traders begin their journey in the evaluation phase, where they must achieve a 10% profit target while adhering to strict drawdown limits—4% daily and 8% total. This stage has no time constraints, allowing traders to pass in a matter of hours or take their time as needed. Successful completion of this phase leads to the experienced trader stage within 72 hours, where traders can access up to $400,000 in simulated buying power.
In the experienced trader stage, traders are eligible to receive up to 80% of their simulated profits as commission payouts. Payouts are processed bi-weekly and are available through cryptocurrency networks such as BTC and USD-T. Nova Funding supports a variety of trading strategies and tools, including expert advisors and trading through news, but prohibits certain methods like grid trading and martingale during the funded stage to ensure fairness and market replication.
Nova Funding is open to traders globally, though it cannot accept participants from specific countries due to regulatory restrictions. The firm offers flexible and accelerated evaluation processes, allowing traders to progress at their own pace. With multiple account sizes available—$25,000, $50,000, $100,000, and $200,000—traders can choose the level that best suits their trading style and goals.
To get started, traders select their desired account size, create an account, and purchase the evaluation. Once the evaluation is completed, traders can unlock substantial simulated buying power and enjoy competitive commission payouts based on their trading performance. The firm also features a leaderboard showcasing top traders, adding a competitive edge to the trading experience.
