Nordic Funder was founded by David Nudleman and funds traders with $1M. To scale up to $1M, traders must hit the 10% profit target.
The first profit target, max drawdown, and max daily loss are 5%, 8%,and 5%, respectively.
Nordic Funder Prop Firm Company Overview
Nordic Funder is the largest proprietary trading firm in Scandinavia. Founded in November 2021 by David Nudleman, this Swedish powerhouse has rapidly carved out a niche for itself, blending traditional Nordic values of efficiency and quality with cutting-edge trading technology.
What sets Nordic Funder prop firm apart is its unwavering commitment to trader success. They've crafted a program that's not just about funding, but about nurturing talent and fostering a community of skilled traders. Here's what makes them tick:
- Efficiency: Nordic Funder operates with precision and clarity, ensuring a smooth experience for traders;
- Innovative Strategies: They're not content with the status quo, constantly pushing the boundaries of prop trading;
- Quality Service: Top-tier support and resources to grow in your trading journey;
- Regulated Partner: They've partnered with Scandinavian Capital Markets, a broker with 8 years of solid regulation under its belt;
- Diverse Trading Options: From Forex to Crypto, Metals to Indices, they've got all bases covered;
- Scalability: Start at $25K and scale your way up to $1 million in funding.
Nordic Funder Specifications
Let's break down Bordic Funder specifications in a table that'll give you the full picture at a glance:
Account currency | USD |
Minimum price | $42 |
Maximum leverage | 1:20 |
Maximum profit split | 90% |
Instruments | Forex, crypto, metals, commodities, indices |
Assets | N/A |
Evaluation steps | 1-Step, 2-Step, 3-Step |
Trading platform | MT4 |
Withdrawal methods | Rise |
Maximum fund size | $1,000,000 |
First profit target | 5% |
Maximum daily loss | 5% |
Challenge time limit | Unlimited |
News trading | Yes (conditioned) |
Maximum total drawdown | 8% |
Commission per round lot | $7 FX and Metals |
Trust pilot score | 4.5/5 |
Payout frequency | 14 days |
Established country | Sweden |
Established year | 2021 |
Nordic Funder Benefits and Drawbacks
Let's dissect the pros and cons of Nordic Funder:
Pros | Cons |
Transparent funding structure | Geo-restrictions |
Up to $500,000 funding | Restrictions on copy trading and news trading |
Scaling opportunity up to $1 million | No support for MT5 or TradingView |
Maximum 90% profit sharing | - |
Nordic Funder Funding and Prices
Nordic Funder provides traders with three challenge models: One-Stage, Two-Stage, and Three-Stage, each with distinct pricing and risk structures.
For the One-Stage Challenge, fees start at $42.50 for a $5K account and rise to $4,887.50 for a $500K one. While the Two-Stage Challenge starts slightly more expensive, it gets cheaper as the account balance increases.
The Three-Stage Challenge is the Nordic Funder's cheapest program, offering funded accounts from $42 to $1,932.
Account Balance | One-Stage | Two-Stage | Three-Stage |
$5K | $42.50 | $60 | $42 |
$10K | $85 | $110 | $77 |
$25K | $212.50 | $250 | $175 |
$50K | $425 | $345 | $241.50 |
$100K | $850 | $525 | $367.50 |
$200K | $1,700 | $1,000 | $700 |
$250K | $2,125 | $1,225 | $857.50 |
$500K | $4,887.50 | $2,760 | $1,932 |
Nordic Funder's pricing and funding structure is designed to reward skill and consistency. Challenges can also scale up to 1 million dollars. For traders looking to grow their capital, Nordic Funder offers a compelling proposition that's hard to ignore.
Nordic Funder Account Sign-up and Verification Guide
Setting up an account with Nordic Funder is a streamlined process tailored for fast access to the dashboard. Without needing ID documents or verification codes, traders can register and reach their portal in under five minutes.
The Nordic Funder registration journey covers access through the homepage, a personal information form, and direct login to the trading environment.
#1 Navigate to the Registration Portal
Head over to the Nordic Funder website and choose “Create an Account” from the login menu. This will take you to the secure account registration panel.
#2 Enter Personal Details
Fill in required fields, including:
- Full name
- Username
- Phone number
- Password
- Country of residence
After you complete the form, accept the terms to proceed (no document uploads or verification steps needed).
#3 Dashboard Access
Return to the login page, input your credentials, and instantly explore your prop trading dashboard.
You can navigate through the client portal to the "Challenges" menu and purchase your preferred funding account.
#4 Nordic Funder Verification
After successfully passing the assessment for the first time, you’ll be required to verify your identity. This involves submitting supporting documents, including:
- Proof of Identity: ID card or Passport
- Proof of Address: Bank statement or Utility bill
Nordic Funder Evaluation
Nordic Funder’s evaluation programs are offered in three formats:
- One-Stage: 10% profit target, 6% total drawdown, and 5% daily limit (Trailing model)
- Two-Stage: 10% / 5% profit target, 8% max drawdown, and 4% daily limit (Static drawdown)
- Three-Stage: 5% profit target in each stage, 5% max drawdown, and 5% max daily loss (Static drawdown)
Note: While static drawdown is a fixed loss limit from the starting balance, trailing drawdown adjusts upward with profits.
Nordic Funder follows the EOD balance model to calculate daily loss,meaning the drawdown limit is calculated based on your account balance at the end of each trading day, not intraday.
Nordic Funder Evaluation Programs Comparison
The table below will provide specific rules for each program:
Rules | One-Stage | Two-Stage | Three-Stage |
Profit Target | 10% | 10% / 5% | 5% / 5% / 5% |
Max Drawdown | 6% | 8% | 5% |
Drawdown Type | Trailing | Static | Static |
Max Daily Loss | 5% | 4% | 5% |
Daily Loss Type | EOD Balance | EOD Balance | EOD Balance |
Inactivity | 30 Days | 30 Days | 30 Days |
Refunds | No | No | No |
Profit Share | 80% | 80% | 80% |
Max Leverage | 1:20 | 1:20 | 1:20 |
Spreads | Raw | Raw | Raw |
Commission | $7/lot FX and Metals, $0 Indices, $0 Oil, $0 Crypto | ||
All challenges are untimed, copy trading is permitted, and expert advisors are allowed. These setups cater to different risk preferences and progression styles.
Remember, while the process is straightforward, successful trading requires skill, strategy, and risk management.
Nordic Funder Maximum Capital & Scaling Rules
Nordic Funder offers initial funding ranging from $5,000 to $500,000 across its three plans.
Once funded, traders can scale their accounts in stages, doubling their balance after each 10% profit milestone. This scaling model continues until the trader reaches the firm’s cap of $1 million.
Participation in scaling is entirely optional, allowing traders the flexibility to grow at their own pace or remain at their starting level if preferred.
Nordic Funder Challenge Duration
One of Nordic Funder’s key strengths is its flexibility. There is no time limit to pass any of its challenges.
Traders can progress at their own pace, without pressure from expiration clocks or trading-day minimums.
This makes the firm particularly appealing to strategic or low-frequency traders who need time to meet targets responsibly.
However, the inactivity period is 30 days, meaning that you need to execute at least one trade per month.
Nordic Funder Bonuses and Discounts
Nordic Funder doesn’t offer bonuses directly on the website but traders can search in third party platforms or join Nordic Funder newsletter to receive discount codes for buying challenges.
Nordic Funder has a great affiliate program which traders can use to gain commission for adding new traders to the platform.
Nordic Funder Trading Rules
This section outlines the key trading guidelines, including the use of VPNs, hedging practices, the role of Expert Advisors (EAs), acceptable trading strategies, and the restrictions on news trading.
- VPN Usage: No official rules on VPN use are provided by the company;
- Hedging Restrictions: Hedging within a single account is permitted, but executing buy and sell trades across multiple accounts is strictly prohibited;
- Expert Advisors (EA): Personal, trader-owned EAs are allowed, but third-party automated systems or copy trading strategies are not;
- Aggressive Trading Strategies: Nordic Funder restricts high-frequency trading, latency arbitrage, and triangular arbitrage, while there are no restrictions on martingale;
- News Trading: Opening positions within three minutes before or after a news event is prohibited.
VPN Usage
Nordic Funder does not provide explicit guidelines regarding the use of VPNs. Users should be aware that no specific restrictions on VPN use are mentioned on the website.
However, using a VPN may trigger security checks or lead to account restrictions, especially if frequent IP address changes are detected.
Additionally, it's crucial to avoid VPNs that use IP addresses from prohibited countries.
Hedging
While hedging or executing opposite trades within the same account is allowed, certain activities involving multiple accounts are prohibited.
Specifically, placing a buy trade on one account and a sell trade on another, or similar opposing positions across multiple accounts or prop firms, is not permitted.
Group hedging strategies are also strictly forbidden.
Expert Advisors (EAs)
EAs are allowed on the platform as long as they are personal and owned by the trader. However, using third-party automated trading systems or engaging in copy trading is prohibited.
Martingale and Arbitrage
Nordic Funder does not impose restrictions on aggressive trading strategies such as martingale or dedicating all available capital to a single position. However, the following methods are restricted:
- High-frequency trading
- Latency arbitrage
- Triangular arbitrage
Attempts to arbitrage a trading account either internally with another account at the company or with any third-party company are prohibited.
News Trading
Traders may hold positions during news events, but are prohibited from opening new positions within three minutes before or after a news event. This includes newly opened trades and pending orders.
If violations occur, the company may close the position, remove the associated profit and loss, reduce the account's leverage, or even breach the account.
The company retains the authority to define what constitutes a news event, ensuring the integrity of its program.
Nordic Funder Prop Firm Trading Platforms
All trading at Nordic Funder is conducted on the popular MetaTrader 4 (MT4) platform. Traders benefit from Scandinavian Capital Markets’ ECN/STP infrastructure, enabling fast execution and tight spreads.
MT4 is fully customizable with third-party plugins, giving traders enhanced control over their interface and tools. Key features of MT4:
- Real-time quotes in the Market Watch window
- One-click trading for swift execution
- 128-bit encryption for secure data transmission
- Multiple chart types (bars, candlesticks, lines)
- Wide range of technical indicators and drawing tools
- Expert Advisors (EAs) support for automated trading
- Available on multiple devices (iOS, Android, Windows, and Mac)
Links:
TradingFinder has developed various MT4 indicators that you can use for free.
Available Markets and Instruments in Nordic Funder Prop Firm
Nordic Funder offers a diverse range of tradable instruments, including:
- Forex Pairs: Major pairs, minor, and exotic pairs
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and more
- Metals: Gold, silver
- Commodities: Crude Oil (WTI and Brent), Natural Gas
- Indices: US30 (Dow Jones), SPX500 (S&P 500), and more
You can trade these instruments with up to 1:20 leverage and competitive spreads.
Nordic Funder Prop Payment Methods
Nordic Funder has a variety of payment methods for buying challenges and withdrawing profits.
- Payment methods: Credit/debit cards, cryptocurrencies, and PayPal are all accepted for initial deposits.
- Payout Method: Nordic Funder uses Rise, a third-party payment provider, for processing withdrawals.
After the initial 24-hour waiting period, subsequent payouts can be requested every 14 days. Nordic Funder also offers a 75/25 profit split in favor of the trader, which can also increase up to 90%.
It’s also worth mentioning that the minimum withdrawal is 2% of the account balance.
Nordic Funder Commissions
When it comes to trading costs, Nordic Funder offers excellent rates through their partnership with Scandinavian Capital Markets. There is no commission for trading Forex, metals, commodities, and indices instrument.
This platform doesn’t charge any fees on deposit and withdrawals.
Does Nordic Funder Offer Educational Resources?
While Nordic Funder excels in many areas, comprehensive educational resources don't appear to be one of its strengths.
Besides a general explanation of the rules and conditions, the Nordic Funder prop firm doesn't offer any other resources, including forex trading techniques and strategies.
If you need vast educational content, you can check out TradingFinder forex education.
Nordic Funder Trust Scores
The prop firm has garnered an impressive reputation among traders, as evidenced by the excellent rating on the Nordic Funder Trustpilot profile:
- Overall rating: 4.5 out of 5 stars
- 5-star reviews: An impressive 86% of all reviews
- Total review count: 41
The high trust score suggests that Nordic Funder is delivering on its promises to traders and maintaining a positive reputation in the prop trading community.
Nordic Funder Customer Support
Nordic Funder takes pride in their "Swedish efficiency" when it comes to customer support:
- Nordic Funder Discord support
- Email: hey@nordicfunder.com
- live chat
Traders can expect timely assistance with any issues or questions they may have, contributing to a smooth overall trading experience with Nordic Funder.
Nordic Funder Prop Firm Socials
Nordic has a strong presence in social medias:
- X (Twitter)
These channels often serve as additional touchpoints for traders to stay updated on company news, trading insights, and community engagement.
Nordic Funder vs Top Prop Firms
Let's compare Nordic Funder's services with other prominent players in the industry.
Parameters | Nordic Funder Prop Firm | |||
Minimum Challenge Price | $42 | $39 | $15 | $33 |
Maximum Fund Size | $1,000,000 | $250,000 | $100,000 | $400,000 |
Evaluation steps | 1-Step, 2-Step, 3-Step | 1-Step, 2-Step, 3-Step | 1-Step, 2-Step | 1-Step, 2-Step, 3-Step, Instant Funding |
Profit Share | 90% | 100% | 85% | 100% |
Max Daily Drawdown | 5% | 5% | 4% | 7% |
Max Drawdown | 8% | 10% | 8% | 14% |
First Profit Target | 5% | 5% | 8% | 6% |
Challenge Time Limit | Unlimited | Unlimited | Unlimited | Unlimited |
Maximum Leverage | 1:20 | 1:100 | 1:75 | 1:100 |
Payout Frequency | 14 Days | Bi-weekly | 10 Days | Weekly |
Number of Trading Assets | N/A | 3000+ | 400+ | 40+ |
Trading Platforms | MetaTrader 4 | Metatrader 5 | Match-Trader, cTrader | MetaTrader 5, Match Trader |
TF Expert Suggestion
With account balances ranging from $5K to $500K and prices starting at $42 and going up to $4887.50, Nordic Funder provides diverse options for traders.
The prop firm’s partnership with the Scandinavian Capital Markets broker, no commission trading conditions, and 90% profit split suggest that traders will have a decent experience using the platform services.