Nordic Funder is a Swedish prop firm founded in 2021. This platform provides up to $400,000 funding for successful traders to trade in various markets, including Forex, crypto, metals, commodities, and indices.
In this comprehensive review, we'll explore Nordic Funder's offerings, from its funding options to its trading conditions, and everything in between. This guide will help you decide whether Nordic Funder is a good prop firm for your specific need or not.
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 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 | $200 |
Maximum leverage | 20:1 |
Maximum profit split | 90% |
Instruments | Forex, crypto, metals, commodities, indices |
Assets | EUR/USD, Gold, Bitcoin, S&P 500, Natural Gas |
Evaluation steps | 1 |
Trading platform | MT4 |
Withdrawal methods | Rise |
Maximum fund size | $400,000 |
First profit target | 10% |
Maximum daily loss | 5% |
Challenge time limit | Unlimited |
News trading | Yes |
Maximum total drawdown | 10% |
Commission per round lot | $0 |
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 | Doesn’t offer services in many countries |
Up to $400,000 funding | High challenge prices |
Scaling opportunity up to $1 million dollars | Only offers trading in MetaTrader 4 trading platform |
Maximum %90 profit sharing |
Nordic Funder Funding and Prices
Nordic Funder has transparent funding structure that helps traders decide which challenge they should buy. Let's break it down:
Account size | $25k | $50K | $100K | $200K | $400K |
Evaluation steps | 1-phase | ||||
Price | $200 | $350 | $750 | $2000 | $4000 |
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
Let's walk through the registration and verification process in our Nordic Funder review:
- Head to Nordic Funder's official website at "com" and click on "Join Now;"
- Provide personal details, including name, address, email, phone number, and country of residence;
- Choose an account type and enter your address;
- Follow the steps and buy a challenge;
- Enter "Settings" in the Nordic Funder dashboard and click on "KYC Verification; "
- Upload proof of address and proof of ID documents.
Nordic Funder Evaluation
Nordic has a simple and straight 1-step evaluation which helps traders of all levels understand the process they have to go through to get funded. Let's break it down:
Account Size | $25k | $50K | $100K | $200K | $400K |
Profit target | 10% | ||||
Max trailing stop | 10% | ||||
Max daily loss | 5% | ||||
Time Limit | No | ||||
Profit share | 75% | ||||
Price | $200 | $350 | $750 | $2000 | $4000 |
Remember, while the process is straightforward, successful trading requires skill, strategy, and risk management.
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.
It is also worth mentioning that assessment fees are refundable and traders can receive the money they spent on challenge fees upon withdrawing profits.
Nordic Funder has a great affiliate program which traders can use to gain commission for adding new traders to the platform.
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 20:1 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 75/25 profit split in favors of the trader, which can also increase up to 90%.
It’s also worth mentioning that 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.
Nordic Funder Trust Scores
Nordic Funder has garnered an impressive reputation among traders, as evidenced by their strong Trustpilot presence:
- 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:
- Discord support
- 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): https://x.com/nordicfunder
- Facebook: https://www.facebook.com/Nordic-Funder/
- Instagram: https://www.instagram.com/nordicfunder/
These channels often serve as additional touchpoints for traders to stay updated on company news, trading insights, and community engagement.
TF Expert Suggestion
Nordic Funder, with over 3 years of experience, has emerged as a solid choice for traders seeking a reputable prop firm with attractive funding options (up to $400,000).
Their strong Trustpilot rating (4.5 out of 5), flexible payment methods, and responsive customer support set them apart in the crowded prop trading landscape.
While they may not offer extensive educational resources or various trading platforms, their clear trading rules and scalable account structure make them an appealing option for experienced traders looking to grow their capital.
