Forex Prop Firm
Details About Novus Trader
- Legal Name of Novus Trader: The legal name of Novus Trader is Prop Account, LLC.
- Company Number of Novus Trader: The registration number of Novus Trader is not publicly available.
- Country of Registration of Novus Trader: Novus Trader is registered in an undisclosed country.
- CEO of Novus Trader: The CEO of Novus Trader is not publicly disclosed.
- Support Mail of Novus Trader: You can contact Novus Trader at [email protected].
- Phone of Novus Trader: The phone number for Novus Trader is not publicly available.
- Payment Modes of Novus Trader: Novus Trader supports payments via Crypto, Wire transfer/ Bank Transfer.
- Withdrawal Modes of Novus Trader: Novus Trader facilitates withdrawals through Deel.
- Official Website of Novus Trader: Visit the official website of Novus Trader at https://www.novustrader.com.
- Banned Countries of Novus Trader: Novus Trader does not allow traders from Afghanistan, Belarus, Central African Republic, Congo, Congo (DR), Cuba, Ethiopia, Iran, Iraq, North Korea, Lebanon, Libya, Mali, Myanmar, Russia, Somalia, Sudan, Syria, Ukraine, Venezuela, Yemen, South Sudan.
Challenge Details at Novus Trader
- Types of Challenge of Novus Trader:The challenges offered at Novus Trader include One Phase Challenge.
- Trading Platforms of Novus Trader:Novus Trader supports trading on undisclosed platforms.
- Trading Instruments of Novus Trader:Traders at Novus Trader can trade Forex, Stocks, Crypto, Commodities, Indices.
- Broker:The broker associated with Novus Trader is Eightcap.
- Max Allocation of Novus Trader:The maximum allocation provided by Novus Trader is 500,000.
- Scaling of Novus Trader:The scaling potential at Novus Trader reaches up to not available.
- Trading Competitions of Novus Trader:Novus Trader does not organize trading competitions for traders.
- Free Trials of Novus Trader:Novus Trader does not offer free trials to its users.
NovusTrader is a proprietary trading firm that offers traders the chance to prove their skills through the "One Step Challenge" program. The firm provides a variety of account sizes, competitive trading conditions, and flexible profit-sharing models. NovusTrader gives traders access to trade over 300 instruments across Forex, indices, commodities, and cryptocurrencies, offering up to 90% profit splits with no downside risks.
Company Information
- Company Name: NovusTrader
- Company Legal Name: Prop Account, LLC
Challenge Details
Challenge Name: One Step Challenge
Pricing:
- $5,000 Account: $49
- $10,000 Account: $99
- $25,000 Account: $249
- $50,000 Account: $499
- $100,000 Account: $999
- $250,000 Account: $2,499
- $500,000 Account: $4,999
Rules:
- Profit Target: 10%
- Total Loss: 6%
- Daily Loss: 5%
- Profit Share: Up to 90%
- Drawdown Type: Trailing Drawdown
- Time Limit: Unlimited
- Leverage:
- Forex: 25:1
- Metals and Indices: 10:1
- Equity Shares: 5:1
- Cryptocurrencies: 2:1
- Max Lot Size:
- $5K Account: 0.5 lots
- $10K Account: 1 lot
- $25K Account: 2.5 lots
- $50K Account: 5 lots
- $100K Account: 10 lots
- $250K Account: 25 lots
- $500K Account: 50 lots
- Payout Frequency: Every 30 Days
- Allows Copy Trading: No
- Min Trading Days: 0
- Scaling Plan: Not Available
Spreads and News Trading Rules
Spreads:
NovusTrader has partnered with EightCap to offer RAW accounts with tight spreads on Forex and Equity Share CFDs.
News Trading Rules:
Trading during news events is allowed.
Other Important Rules:
Daily Drawdown Calculation:
Daily Drawdown is calculated based on the balance of previous day at 5PM EST. This drawdown is calculated similar to equity based drawdown therefore the drawdown limit can change based on the account balance of the previous day.
Countries Banned from Purchasing:
NovusTrader does not allow OFAC-listed countries to join their funding program.
Prohibited Trading Strategies:
NovusTrader has not mentioned any prohibited Trading Strategies or any gambling rule.
Payout Methods
- Profits are posted to the trader's Deel account, which can be withdrawn via any available methods on Deel.
Trading Commissions
- NovusTrader has not clearly mentioned the trading commissions but they have partnered with EightCap to provide the most competitive commission on Forex and Equity Share CFDs.
Novus Trader Challenge Account Pricing
One Step Challenge
Pricing
Size: $5000 ($49)
Size: $10000 ($99)
Size: $25000 ($249)
Size: $50000 ($499)
Size: $100000 ($999)
Size: $250000 ($2499)
Size: $500000 ($4999)
Features
Drawdown Type
Equity Based Drawdown
Copy Trading
Copy Trading Not Allowed
Drawdown
6%
EA Allowed
EA Allowed
News Trading
News Trading is Allowed
Profit Target
10%
Daily Loss
5%
Frequently Asked Questions
Reviews
No reviews available!
