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