Nordic Funder Account Types and Differences

Nordic Funder account types and differences offers a platform where traders get to choose the options that aligns with their skill or trading style. Since its founding in 2021, Nordic Funder, a prop trading firm, has become a significant force in the trading sector. Nordic Funder specializes in forex trading and provides a range of account types to suit traders of all skill levels. In order to give potential traders a thorough knowledge, this article will examine Nordic Funder account types and differences, as well as their features, advantages, and salient distinctions.

Nordic Funder Overview

Nordic Funder uses a novel business model that grants traders access to funded accounts following the successful completion of an evaluation task. The firm offers a simple funding method that allows traders to grow their accounts in accordance with performance while upholding risk management guidelines. Nordic Funder serves a wide range of traders with funding options from $25,000 to $400,000 and the ability to scale up to $1 million.

Nordic Funder Account Types

Nordic Funder’s funded trader program offers five main account types:

The following accounts: 

• $10,000, 
• $25,000, 
• $50,000, 
• $100,000,
•  $200,000, and 
• $400,000

Regarding costs, profit goals, drawdown caps, and profit-sharing plans, each type of account has unique characteristics.

1. $10,000 Account 

• One-Time Fee: $125
• 75% is the profit share
• 10% is the target profit.
• 6% is the maximum trailing loss.
• Maximum Loss per Day: 4%
• Scaling Potential: Depending on performance, it can grow to $1 million.

For inexperienced traders who want to begin with a modest initial investment while yet having the possibility of substantial scalability, this account is perfect. 

2. $25,000 Account 

• One-time fee: 250 
• 75% profit share
• 10% profit target 
• 10% maximum trailing loss 
• 5% maximum daily loss 
• $1 million scaling potential.

For traders who feel comfortable with a modest initial investment while yet having the flexibility to grow their accounts, the $25,000 account offers a compromise.

3. $50,000 Account 

• One-Time Fee: $425 
• Profit Share: 75% 
• Profit Target: 10% 
• Maximum Daily Loss: 5% 
• Maximum Trailing Loss: 10% 
• Scaling Potential: Up to $1 million.

Traders with some experience who wish to trade with a greater capital foundation can use this account.

4. $100,000 Account

• One-time fee of $750
• 75% profit share 
• 10% profit target 
• 10% maximum trailing loss 
• 5% maximum daily loss and 
• $1 million scalability.

The $100,000 account is intended for more seasoned traders who want to handle bigger positions and are comfortable with their trading methods.

5. $200,000 Account 

• One-Time Fee: $1,500
• 75% Profit Share
• 10% is the target profit 
• 10% is the maximum trailing loss 
• 5% is the maximum daily loss; and 
• $1 million is the maximum scaling potential.

Professional traders seeking significant funds to use as leverage in their trading tactics would find this account type perfect.

6. $400,000 Account 

• One-Time Fee: $4,000.
• 75% Profit Share
• 10% is the target profit 
• 10% is the maximum trailing loss 
• 5% is the maximum daily loss; and 
• $1 million is the maximum scaling potential. 

Nordic Funder’s largest account type is best suited for experienced traders who need a substantial amount of capital to execute big deals successfully.

Important Elements Across All Accounts

Several characteristics are shared by all Nordic Funder accounts, regardless of the type of account selected:

Structure for Profit Sharing

• Every account begins with a profit-sharing plan in which traders keep 75% of their earnings. Depending on performance or an additional charge structure when scaling, this can go up to 90%.

Evaluation Challenge

• Traders must finish an evaluation task that requires them to make a 10% profit target from their initial capital in order to be eligible for funding. To pass the assessment, for instance, a trader must have $110,000 in equity if they begin with a $100,000 account.

Opportunities for Scaling

• Traders are eligible for further funding that doubles their initial capital after they reach the 10% profit threshold in their funded accounts. As long as the same profit target is consistently met, this scaling will continue until the maximum capital of $1 million is reached.

Limits of Drawdown

Specific drawdown restrictions are imposed by each account type in order to efficiently manage risk:

• Depending on the size of the account, the maximum trailing loss is usually set between 6% or 10%.
• Each account has a daily maximum loss cap of either 4% or 5%.

These restrictions guarantee that traders continue to engage in trading activities while adhering to strict risk management procedures.

Leverage

Leverage options from Nordic Funder differ depending on the size of the account:

• 1:10 is the standard leverage that is available. 
• At checkout, traders can choose to boost leverage up to 1:20 for an extra cost.

Because of this versatility, traders can select leverage levels that suit their trading methods and risk tolerance.

No Time Restrictions

• The lack of deadlines for meeting profit goals during assessments and funded trading periods is one of Nordic Funder’s programs’ most notable characteristics. As a result, traders can take their time and formulate strategies without being constrained by tight constraints.

Benefits of Choosing Nordic Funder

Nordic Funder appeals to both inexperienced and seasoned traders due to its many benefits:

Adaptable Scaling Choices

• For dedicated traders, the opportunity to double their trading money upon hitting profit targets offers substantial development potential. Consistent performance over time is encouraged by this scaling paradigm.

High Splits of Profits

• In addition to offering chances for larger profit shares through performance measurements or extra fees, the competitive profit-sharing structure lets traders keep a sizable amount of their profits.

Various Account Choices

• Because Nordic Funder offers a range of account sizes from $10,000 to $400,000 (and scalable up to $1 million), it is easier for people to discover a suitable fit depending on their financial objectives and level of experience.

Things to Take Into Account Before Joining Nordic Funder

Although Nordic Funder has several benefits, prospective traders should also be aware of the following:

Initial Fees

• Before taking part in the evaluation challenge, traders must pay an advance charge that is determined by the size of their chosen account. Even if this pricing structure is typical of prop firms, some newcomers to the market can see it as a barrier.

Mandatory Stop-Loss Requirement

• Unless an extra fee is paid to waive this requirement, Nordic Funder normally requires all orders to have mandatory stop-losses in place. When developing their trading methods, traders ought to take this into account.

In conclusion

For both novice and seasoned forex traders looking for funded accounts, Nordic Funder account types and differences provide a strong platform. With its structured assessment challenges and flexible scaling options across a variety of account types—from $10,000 basic accounts to $400,000 larger accounts—traders can choose an option that best suits their objectives and skill set while also taking advantage of favorable profit-sharing plans and helpful resources. 

Prospective traders are better equipped to choose the course that best fits their trading goals when they are aware of the distinctions between these account kinds. All things considered, Nordic Funder is a unique proprietary trading company that gives its traders the tools and resources they need to succeed in the fast-paced financial markets of today. 

Frequently Asked Questions

What Is The Profit-Sharing Structure For Nordic Funder Accounts?

• All accounts start with a profit-sharing arrangement where traders retain 75% of their profits. This can increase to up to 90% based on performance or through additional fee structures during scaling.

Is There A Time Limit For Achieving Nordic Funder Profit Target?

• No, Nordic Funder does not impose any time limits for achieving profit targets across its accounts. Traders can take their time to develop strategies and reach their goals without pressure.

What Leverage Options Are Available In Nordic Funder Accounts?

Nordic Funder offers leverage options that vary by account size:

• Standard leverage is set at up to 1:10.
• Traders can opt for increased leverage up to 1:20 for an additional fee during checkout.

What Will Happen If I Exceed My Drawdown Limits?

• Exceeding drawdown limits can lead to disqualification from further trading until a review occurs. It’s crucial for traders to manage their risk carefully within the prescribed limits set by Nordic Funder.