Reviewed by PropFirm201 Research Team·At a Glance
Nordic Funder Homepage
Pricing & Challenge Types
One-Stage Challenge
1 phase · 75% profit split · Scaling available
| Account Size | Price | Target P1 | Daily Loss | Max DD |
|---|---|---|---|---|
| $5,000 | $42.5 | 10% | 4% | 6% |
| $10,000 | $85 | 10% | 4% | 6% |
| $25,000 | $212.5 | 10% | 4% | 6% |
| $50,000 | $425 | 10% | 4% | 6% |
| $100,000 | $850 | 10% | 4% | 6% |
| $200,000 | $1700 | 10% | 4% | 6% |
| $250,000 | $2125 | 10% | 4% | 6% |
| $500,000 | $4887.5 | 10% | 4% | 6% |
Two-Stage Challenge
2 phases · 75% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $5,000 | $60 | 8% | 4% | 3% | 6% |
| $10,000 | $110 | 8% | 4% | 3% | 6% |
| $25,000 | $250 | 8% | 4% | 3% | 6% |
| $50,000 | $345 | 8% | 4% | 3% | 6% |
| $100,000 | $525 | 8% | 4% | 3% | 6% |
| $200,000 | $1000 | 8% | 4% | 3% | 6% |
| $250,000 | $1225 | 8% | 4% | 3% | 6% |
| $500,000 | $2760 | 8% | 4% | 3% | 6% |
Three-Stage Challenge
3 phases · 75% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $5,000 | $42 | 5% | 5% | 5% | 5% |
| $10,000 | $77 | 5% | 5% | 5% | 5% |
| $25,000 | $175 | 5% | 5% | 5% | 5% |
| $50,000 | $241.5 | 5% | 5% | 5% | 5% |
| $100,000 | $367.5 | 5% | 5% | 5% | 5% |
| $200,000 | $700 | 5% | 5% | 5% | 5% |
| $250,000 | $857.5 | 5% | 5% | 5% | 5% |
| $500,000 | $1932 | 5% | 5% | 5% | 5% |
Nordic Funder Plans Page
Pros & Cons
Pros
- Three distinct challenge types including a rare three-stage option
- Account sizes up to $500,000 with scaling to $1,000,000
- Unlimited time to complete all challenge phases
- $0 commissions on all instruments
- Three-Stage Challenge offers the most affordable entry prices
Cons
- 75% profit split is below the industry standard of 80%
- Low leverage of 1:10 to 1:20 compared to competitors
- EAs, copy trading, and hedging prohibited
- Weekend holding not allowed without paid add-on
- New purchases temporarily unavailable due to system maintenance
Trading Rules
About Nordic Funder
Nordic Funder is a Sweden-based proprietary trading firm founded in November 2021, positioning itself as "Scandinavia's leading prop firm and forex funded trader program." The firm operates in partnership with Scandinavian Capital Markets and offers traders the opportunity to manage funded accounts ranging from $5,000 to $500,000, with scaling potential up to $1,000,000.
Nordic Funder distinguishes itself from competitors by offering three distinct challenge structures: One-Stage, Two-Stage, and Three-Stage evaluations. This variety gives traders flexibility to choose an evaluation path that matches their trading style and risk tolerance. The Three-Stage Challenge is particularly notable for offering the most affordable entry prices in the firm's lineup, starting at just $42 for a $5,000 account.
The firm operates exclusively on MetaTrader 4 and covers over 70 tradable instruments including forex, cryptocurrencies, indices, oil, and metals. A standout feature is $0 commissions on all asset types. However, leverage is notably conservative compared to the industry, capped at 1:20 on forex and metals, 1:10 on indices, 1:5 on oil, and 1:2 on cryptocurrencies.
Nordic Funder has a Trustpilot rating of 3.2 out of 5 based on 56 reviews, with polarized feedback. While 77% of reviewers gave 5 stars, 14% gave just 1 star, suggesting inconsistent customer experiences. The firm has faced criticism regarding unclear withdrawal fees and contract terms that allow the company to amend terms at their sole discretion. As of the latest check, new purchases were temporarily unavailable due to system maintenance, though existing accounts remained active.
How Nordic Funder Works
Nordic Funder operates a challenge-based model with three evaluation pathways:
- Choose a Challenge: Select between One-Stage, Two-Stage, or Three-Stage evaluation and pick an account size from $5,000 to $500,000.
- Complete the Evaluation:
- One-Stage: Achieve a 10% profit target with a maximum 6% drawdown and 4% daily loss.
- Two-Stage: Phase 1 requires 8% profit; Phase 2 requires 4% profit. Maximum 6% drawdown and 3% daily loss.
- Three-Stage: Each phase requires 5% profit with 5% maximum drawdown and 5% daily loss.
- Get Funded: Upon passing all phases, receive a funded account with a 75% profit split (upgradable to 90% for an additional fee).
- Scale Up: Achieve 10% profit to receive a 100% increase in account balance, scalable up to $1,000,000.
There is no time limit on any challenge phase, giving traders unlimited time to reach their targets.
Pricing & Plans
One-Stage Challenge
| Account Size | Price |
|---|---|
| $5,000 | $42.50 |
| $10,000 | $85 |
| $25,000 | $212.50 |
| $50,000 | $425 |
| $100,000 | $850 |
| $200,000 | $1,700 |
| $250,000 | $2,125 |
| $500,000 | $4,887.50 |
Two-Stage Challenge
| Account Size | Price |
|---|---|
| $5,000 | $60 |
| $10,000 | $110 |
| $25,000 | $250 |
| $50,000 | $345 |
| $100,000 | $525 |
| $200,000 | $1,000 |
| $250,000 | $1,225 |
| $500,000 | $2,760 |
Three-Stage Challenge
| Account Size | Price |
|---|---|
| $5,000 | $42 |
| $10,000 | $77 |
| $25,000 | $175 |
| $50,000 | $241.50 |
| $100,000 | $367.50 |
| $200,000 | $700 |
| $250,000 | $857.50 |
| $500,000 | $1,932 |
All prices are one-time fees. Deposit methods include credit/debit cards, cryptocurrency, and PayPal.
Rules & Restrictions
One-Stage Challenge:
- Profit Target: 10%
- Daily Drawdown: 4%
- Maximum Drawdown: 6% (static)
- Time Limit: Unlimited
Two-Stage Challenge:
- Phase 1 Profit Target: 8%
- Phase 2 Profit Target: 4%
- Daily Drawdown: 3%
- Maximum Drawdown: 6% (static)
- Time Limit: Unlimited
Three-Stage Challenge:
- Profit Target per Phase: 5%
- Daily Drawdown: 5%
- Maximum Drawdown: 5% (static)
- Time Limit: Unlimited
General Rules:
- Leverage: 1:20 (forex/metals), 1:10 (indices), 1:5 (oil), 1:2 (crypto)
- Max Lot Size: 10
- News Trading: Permitted
- Scalping: Permitted
- Weekend Holding: Not allowed (positions must close by 15:45 EST Friday), unless weekend trading add-on purchased
- EAs/Automated Trading: Prohibited
- Copy Trading: Prohibited
- Hedging: Not allowed
- HFT, Latency Arbitrage, Triangular Arbitrage: Prohibited
- Commissions: $0 per lot on all instruments
Payouts
Nordic Funder processes payouts through Rise, a third-party payment provider. The standard payout frequency is every 14 days, with an initial 24-hour waiting period for the first payout. A minimum 2% profit threshold must be reached before requesting a withdrawal. The standard profit split is 75%, which can be upgraded to 90% for an additional fee. Traders can request withdrawals through their trader dashboard, but no more frequently than once per 30 days.
Is Nordic Funder Legit?
Nordic Funder is a registered Swedish company that has been operating since November 2021, partnering with Scandinavian Capital Markets for trade execution. The firm has a Trustpilot rating of 3.2 out of 5 based on 56 reviews, with polarized feedback showing both highly satisfied and deeply frustrated customers.
Positive reviews praise the firm's instant live chat support, impressive scaling plan, and fair challenge structure. However, concerns include unclear withdrawal fees not specified on the website, contract terms allowing the firm to amend any terms "at their sole and absolute discretion," and reports of significant payout fees from some traders. The firm scores a TU Overall Score of 3.74 out of 10 from Traders Union, which recommends considering more established alternatives.
Nordic Funder is a legitimate operation but carries higher-than-average risk factors. The firm's conservative leverage, below-average profit split, and restrictive trading rules may not suit all traders.
FAQ
What is Nordic Funder?
Nordic Funder is a Sweden-based proprietary trading firm founded in November 2021, offering funded trading accounts from $5,000 to $500,000 with scaling up to $1,000,000. The firm operates on MetaTrader 4 through a partnership with Scandinavian Capital Markets.
How much does Nordic Funder cost?
Nordic Funder challenges start as low as $42 for a $5,000 Three-Stage account and go up to $4,887.50 for a $500,000 One-Stage account. The Three-Stage option offers the most affordable pricing across all tiers.
What is Nordic Funder's profit split?
Nordic Funder offers a standard 75% profit split, which is below the industry standard of 80%. Traders can upgrade to a 90% profit split by paying an additional fee.
Does Nordic Funder allow EAs/bots?
No, Nordic Funder strictly prohibits the use of automated trading systems (Expert Advisors), copy trading services, and third-party trading strategies. The firm also bans high-frequency trading and arbitrage strategies.
Is Nordic Funder available in the US?
No, US traders are not allowed to participate in Nordic Funder's programs. The firm accepts traders from most countries excluding OFAC-listed nations and the United States.