Reviewed by PropFirm201 Research Team·At a Glance
Nova Funding Homepage
Pricing & Challenge Types
1-Step Evaluation
1 phase · 80% profit split
| Account Size | Price | Target P1 | Daily Loss | Max DD |
|---|---|---|---|---|
| $25,000 | $297 | 10% | 4% | 8% |
| $50,000 | $397 | 10% | 4% | 8% |
| $100,000 | $597 | 10% | 4% | 8% |
| $200,000 | $997 | 10% | 4% | 8% |
Nova Funding Plans Page
Pros & Cons
Pros
- No minimum trading days required
- Unlimited time to pass the evaluation
- US-friendly prop firm
- Unlimited lot sizes allowed
Cons
- Very low Trustpilot rating of 2.5/5 with widespread complaints
- Profit split starts at only 50% and caps at 80%
- Multiple reports of payout delays and platform issues
- No scaling plan available
- Lack of transparency about company leadership
Trading Rules
About Nova Funding
Nova Funding is a proprietary trading firm that launched in March 2024, primarily targeting forex traders with a 1-step evaluation model. The firm offers accounts from $25,000 to $200,000 with no minimum trading days and unlimited time to pass.
Nova Funding has faced significant controversy since its inception. The firm temporarily suspended operations in July 2024 to upgrade its technological infrastructure and broker relationships, freezing trading servers and new registrations. While existing accounts were retained for migration, the disruption caused frustration among traders. The firm has also faced persistent criticism about payout delays, platform reliability, and corporate transparency, as it does not publicly disclose its CEO or leadership team.
Despite these concerns, Nova Funding remains operational and continues to accept new traders. Its US-friendly status and no-minimum-trading-days policy are differentiating factors, though the overall risk profile is elevated.
How It Works
Nova Funding uses a single-phase evaluation model:
1-Step Evaluation: Achieve a 10% profit target with no time limit and no minimum trading days. The daily loss limit is 4% (equity-based, resetting at 5:00 PM EST) and the maximum drawdown is 8% (trailing). Leverage is set at 1:100 with unlimited lot sizes.
Upon passing, traders receive a funded account starting with a 50% profit split that increases to 80% based on performance milestones.
Pricing & Plans
| Account Size | Price |
|---|---|
| $25,000 | $297 |
| $50,000 | $397 |
| $100,000 | $597 |
| $200,000 | $997 |
Leverage: 1:100 across all accounts. No lot size restrictions. The firm partners with CBT Limited as its broker.
Rules & Restrictions
- Maximum Daily Loss: 4% (equity-based, resets daily at 5:00 PM EST).
- Maximum Overall Loss: 8% (trailing equity drawdown).
- Minimum Trading Days: None required.
- Time Limit: Unlimited.
- Grid Trading: Prohibited.
- Martingale: Prohibited.
- Latency Arbitrage: Prohibited.
- Hedging Between Accounts: Prohibited.
- News Volatility Exploitation: Prohibited.
- Copy Trading Across Accounts: Prohibited.
- HFT Bots: Prohibited.
- Single IP Address: Required (enforced).
Payouts
- Frequency: Bi-weekly (every 14 days).
- Profit Split: Starts at 50%, increases to 80% over time.
- Methods: USDT-TRC20, USDT-ERC20, Bitcoin, bank wire transfer.
- Processing Time: Variable; some traders report significant delays.
Is Nova Funding Legit?
Nova Funding is an operational prop firm but carries significant risk indicators. The firm has a 2.5/5 Trustpilot rating from 74 reviews, indicating substantial dissatisfaction. Key concerns include:
- Multiple reports of payout delays lasting weeks or longer
- Platform malfunctions on DXtrade affecting trade execution
- Allegations of accounts being breached near withdrawal periods
- No publicly disclosed CEO or leadership team
- Previous operational suspension in July 2024
The lack of transparency about company leadership is a notable red flag. While some traders have received successful payouts, the overall risk profile makes Nova Funding a higher-risk choice compared to established competitors.
FAQ
What is Nova Funding?
Nova Funding is a US-based prop trading firm launched in March 2024 that offers 1-step evaluation challenges with accounts from $25,000 to $200,000 and no minimum trading days.
How much does Nova Funding cost?
Challenge fees range from $297 for a $25,000 account to $997 for a $200,000 account.
What is Nova Funding's profit split?
The profit split starts at 50% and increases to a maximum of 80% based on trading performance, which is below the industry average starting point.
Does Nova Funding have a scaling plan?
No. Nova Funding does not currently offer a scaling plan, limiting opportunities to grow funded capital over time.
Is Nova Funding safe to use?
Nova Funding carries elevated risk. The firm has a low Trustpilot rating, reports of payout delays, and does not publicly disclose its leadership team. Traders should start with smaller accounts and verify payout reliability before committing larger sums.