Reviewed by PropFirm201 Research Team·At a Glance
Pricing & Challenge Types
Express Challenge
2 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $10,000 | $199 | 10% | 10% | 4% | 8% |
| $25,000 | $250 | 10% | 10% | 4% | 8% |
| $50,000 | $350 | 10% | 10% | 4% | 8% |
| $100,000 | $449 | 10% | 10% | 4% | 8% |
| $200,000 | $899 | 10% | 10% | 4% | 8% |
EA Challenge
2 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $100,000 | $659 | 10% | 10% | 4% | 8% |
| $200,000 | $1099 | 10% | 10% | 4% | 8% |
Bi-Weekly Challenge
2 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $25,000 | $250 | 10% | 10% | 4% | 8% |
| $50,000 | $475 | 10% | 10% | 4% | 8% |
| $100,000 | $199 | 10% | 10% | 4% | 8% |
Pros & Cons
Pros
- Wide range of tradable instruments including forex, stocks, futures, and crypto
- US-friendly, accepts American traders
- News trading and overnight/weekend holding permitted
- Scaling potential up to $1,000,000
- Leverage up to 1:100 on forex and commodities
Cons
- Very low Trustpilot score of 2.6/5 with scam allegations
- Payouts only via cryptocurrency
- In-house broker registered in St. Vincent and the Grenadines, not regulated
- Challenge fees are non-refundable
- EAs and copy trading prohibited on standard accounts
Trading Rules
About Nations Trading
Nations Trading is a proprietary trading firm based in Miami, Florida, founded in 2023 by Instagram forex influencer Daniel Lagrawe. The firm positions itself as a comprehensive prop firm offering funded live accounts to traders worldwide, with a particularly notable stance of accepting US-based traders, which many competing firms do not.
Nations Trading distinguishes itself through its broad range of tradable instruments, covering forex, futures, stocks, commodities, indices, and cryptocurrencies. Traders access markets through MetaTrader 4 via the firm's in-house broker, FXLiveCapital, with leverage up to 1:100 on forex and commodity pairs. Mobile applications are also available for iOS and Android.
The firm offers three main challenge types: the Express Challenge, the EA Challenge, and the Bi-Weekly Challenge. Account sizes range from $10,000 to $200,000, with the potential to scale up to $1,000,000 by completing 10 separate $100,000 challenges and merging them together. The profit split stands at 80% across all programs.
However, Nations Trading has raised significant concerns among the trading community. The firm has a poor Trustpilot rating of 2.6 out of 5 based on only 13 reviews, with 54% being 1-star ratings. Allegations include scam claims, payment delays, and promotion of services that claim to pass challenges on behalf of traders. The in-house broker FXLiveCapital is registered in St. Vincent and the Grenadines, which is not recognized as a major financial regulatory jurisdiction. As a relatively new firm without a long track record, traders should exercise caution.
How Nations Trading Works
Nations Trading uses a two-phase evaluation model across all challenge types:
- Select a Challenge: Choose from Express, EA, or Bi-Weekly challenges with account sizes from $10,000 to $200,000.
- Phase 1 (Evaluation): Achieve a 10% profit target within 30 days while maintaining a maximum 4% daily loss and 8% total drawdown. Trade for a minimum of 10 days.
- Phase 2 (Verification): Reach the same 10% profit target under identical rules within another 30-day period.
- Get Funded: Upon passing both phases, receive a funded live account with an 80% profit split.
- Scale Up: Complete 10 separate $100,000 challenges and merge accounts to reach $1,000,000 in total funding.
All payments and payouts are processed exclusively via cryptocurrency.
Pricing & Plans
Express Challenge
| Account Size | Price |
|---|---|
| $10,000 | $199 |
| $25,000 | $250 |
| $50,000 | $350 |
| $100,000 | $449 |
| $200,000 | $899 |
EA Challenge
| Account Size | Price |
|---|---|
| $100,000 | $659 |
| $200,000 | $1,099 |
Bi-Weekly Challenge
| Account Size | Price |
|---|---|
| $25,000 | $250 |
| $50,000 | $475 |
| $100,000 | $199 |
All challenge fees are non-refundable and payable only via cryptocurrency (BTC, DOGE, USDT, ETH).
Rules & Restrictions
- Profit Target (Phase 1 & 2): 10%
- Maximum Daily Loss: 4% (challenge phase), 5% (funded)
- Maximum Total Loss: 8% (challenge phase), 10% (funded)
- Minimum Trading Days: 10
- Maximum Trading Days: 30
- Leverage: Up to 1:100 on forex and commodities
- News Trading: Permitted
- Overnight Holding: Allowed
- Weekend Holding: Allowed
- Expert Advisors: Prohibited on standard accounts (permitted on EA Challenge only)
- Copy Trading: Prohibited
- Scalping: Permitted
Payouts
Nations Trading processes payouts exclusively via cryptocurrency, supporting BTC, DOGE, USDT, and ETH. The profit split is 80% to the trader. Specific payout frequency schedules and minimum payout thresholds are not clearly documented in the firm's public materials. Funding and payment for challenges is also cryptocurrency-only.
Is Nations Trading Legit?
Nations Trading's legitimacy is questionable based on available evidence. The firm has a poor Trustpilot rating of 2.6 out of 5 with only 13 reviews, the majority of which are 1-star. Reviewers have alleged scam activity, including claims that the firm promotes services to pass challenges on behalf of traders and that associated individuals ghost clients after taking payment.
The firm's in-house broker, FXLiveCapital, is registered in St. Vincent and the Grenadines, which lacks robust financial regulation. The firm was founded by an Instagram influencer rather than established financial professionals, and it has no long-standing track record in the industry. While some traders report positive experiences with the firm's instrument range and US accessibility, the preponderance of negative reviews and structural concerns warrant significant caution.
FAQ
What is Nations Trading?
Nations Trading is a Miami-based proprietary trading firm founded in 2023 by Daniel Lagrawe. It offers funded trading accounts up to $200,000 with scaling potential to $1,000,000, using MetaTrader 4 through its in-house broker FXLiveCapital.
How much does Nations Trading cost?
Nations Trading challenges range from $199 for a $10,000 Express account to $1,099 for a $200,000 EA Challenge account. All payments are made via cryptocurrency and are non-refundable.
What is Nations Trading's profit split?
Nations Trading offers an 80/20 profit split, with the trader keeping 80% of profits earned on funded accounts.
Does Nations Trading allow EAs/bots?
EAs and automated trading bots are prohibited on standard Express and Bi-Weekly challenge accounts. The firm offers a dedicated EA Challenge ($100,000 at $659 or $200,000 at $1,099) specifically for traders who wish to use expert advisors.
Is Nations Trading available in the US?
Yes, Nations Trading is one of the few prop firms that explicitly accepts US-based traders, which is a notable advantage given that many competitors restrict US participation.