Scandinavian Capital Markets

Nordic Funder

Nordic Funder is a standout prop trading company offering retail traders a unique funded trader program. By passing a paid assessment, traders gain access to a funded trading account and can earn performance fees ranging from 50% to 90%. 

Founded as a division of Scandinavian Capital Markets in 2021, Nordic Funder became independent in 2022, bringing a robust platform with a community and voice of its own.

## About Nordic Funder

### Legal Company Name

**Nordic Funder KB**

### Address Details

**Sweden**

### Founding Year

**November 2021**

### Registration Location

**Sweden**

### Executive Team

**CEO: David Nudleman**

## Trading Platforms

Nordic Funder supports trading exclusively through **MetaTrader 4 (MT4)**. The MT4 accounts are hosted by Scandinavian Capital Markets, ensuring a reliable and robust trading experience.

## Instruments Available at Nordic Funder

- **Forex**
- **Metals**
- **Commodities**
- **Indices**

## How to Make Payments at Nordic Funder Prop Firm

Payments can be made via **Crypto, PayPal, and Card**.

## Account Sizes

Nordic Funder offers various account sizes, allowing traders to customize their accounts:

### Options up to $100k:

- **25K Account**: $200 one-time fee, $25,000 capital, up to 90% profit share
- **50K Account**: $350 one-time fee, $50,000 capital, up to 90% profit share
- **100K Account**: $600 one-time fee, $100,000 capital, up to 90% profit share

### Options over $100k:

- **200K Account**: $1,500 one-time fee, $200,000 capital, up to 70% profit share
- **400K Account**: $3,000 one-time fee, $400,000 capital, up to 70% profit share

## Profit Splits in Nordic Funder Prop Firm

Funded traders earn a performance fee for the profits they generate, which ranges from 50% to 90%, depending on the account type and chosen options.

## Profit Targets for Nordic Funder Prop Firm

Traders must achieve a 10% profit target to qualify for a funded account or to scale to the next level.

## Maximum Daily Drawdown and Loss at Nordic Funder Prop Firm

- **10% max trailing loss**: Equity can't fall below 10% of the starting balance from the high watermark.
- **5% max daily loss**: Equity can't fall below 5% of the previous end of day balance.

## Minimum/Maximum Trading Days Required at Nordic Funder Prop Firm

There are no time constraints for passing the assessment, allowing traders to take as long as they need.

## Steps Available Across Challenges

Nordic Funder operates a one-stage assessment process. Prove yourself once to get funded, with no recurring fees or hidden rules.

## Commissions and Fees at Nordic Funder Prop Firm

Nordic Funder charges $0 per round lot for all asset classes. However, if trading currencies and metals, the commission is $7 per lot.

## Nordic Funder Prop Firm: Refund Policies

The assessment fee is refundable once a trader reaches a 10% profit and scales their account, but only the first time and does not include add-ons.

## Trial Offers at Nordic Funder Prop Firm

Nordic Funder provides a demo account for traders to practice and evaluate the platform.

## Payout Schedules of Nordic Funder Prop Firm

Traders can request a profit share payout 24 hours after receiving their funded account, provided they have at least 2% profit. Subsequent payouts can be requested every 14 days.

## Advantages and Disadvantages

(according to Trustpilot Reviews, which are overwhelmingly positive)

### Positive Reviews

- **Exceptional Customer Service**: The staff is attentive, knowledgeable, and genuinely interested in helping traders succeed.
- **Great Trading Conditions**: Best in class spreads, commissions, and trading conditions within the prop firm space.
- **Active and Supportive Community**: Friendly and encouraging Discord community that assists newcomers.
- **Fair and Transparent Rules**: Clear terms and conditions with advantageous profit sharing and no time limits to pass challenges.
- **Scalability and Customization**: Competitive pricing, customizable account features, and fast opportunities to scale up.

### Negative Reviews

None reported. Only a single instance where a user mentioned a lack performance graphics, ratios, summaries, and journal-writing capabilities for traders.

## FAQ Section

### What platforms do you support?

Currently, Nordic Funder supports MetaTrader 4. Integration with other trading platforms is in progress.

### Which broker do you use?

Nordic Funder uses Scandinavian Capital Markets, an established broker based in Stockholm, Sweden.

### Is the fee refundable?

Yes, the assessment fee is refundable when you reach a 10% profit and scale your account for the first time.

### Can I use an Expert Advisor (EA)?

Yes, provided you are the developer or have purchased a commercial robot and customized the functionality for your strategy.

### Are there any recurring fees to join Nordic Funder?

No, there are no recurring fees. The initial assessment fee covers all costs.

### How does scaling work?

Every account scales by multiplying funding each time a trader reaches a 10% profit, up to a maximum of $1,000,000.

### What is the max daily loss rule?

If your account equity reaches or exceeds a 5% drawdown within a given day, you will breach the max daily loss rule.

### What is the max trailing loss rule?

If your account equity reaches or exceeds a 10% drawdown from the high watermark, you will breach the max trailing loss rule.

### Can I hold my positions over the weekend?

By default, no. Positions must be closed by 21:30 UTC every Friday unless a risk upgrade is purchased.

### What happens after passing the assessment?

Traders receive a funded account to trade at their discretion with funds provided by Nordic Funder.

### What happens if I don’t trade for several weeks?

Your account will be closed after 30 consecutive days of inactivity, and you must retake the assessment.

### What platform can I trade on?

Trading is currently supported on MetaTrader 4, with future plans to integrate MetaTrader 5.

### Are there any time restrictions?

There is a time limit of 6 months to pass the assessment or scale the funded account.

### Am I trading with real money?

No, all orders are executed in a simulated environment with virtual funds.

### What are the commissions?

The commission is $7 per lot for currencies and metals, with no commissions for oil, cryptocurrencies, or indices.

### What instruments can I trade?

You can trade currency pairs, cryptocurrencies, precious metals, oil, and indices.

### How much leverage can I trade with?

The default leverage is 1:10, with an upgrade option to 1:20.

### What is your profit share?

The performance fee ranges from 50% to 90%, depending on account options.

### When can I receive my performance fee?

You can request a payout 24 hours after receiving your funded account with at least 2% profit. Subsequent payouts can be requested every 14 days.

### How and when can I get a payout?

Once you have a funded account with at least 2% profit, you can request a payout anytime through the payment structure implemented by Rise.

Link to join Discord community: [Nordic Funder Discord](https://discord.gg/AHEKNXz34n)

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Nordic Funder - 400K - 1 Step - 50%