Nordic Funder Review: Swedish Prop Trading Gem 101
In the world of forex prop firms, finding a good company for your financial journey is key. So, here’s the lowdown on Nordic Funder!
This innovative Swedish company may be your ticket to financial awesomeness. Let’s see what they’re all about. Read our Nordic Funder review for more details!
General information | |
Name | Nordic Funder |
Type of company | Prop Firm |
Regulation status | No regulation expected |
Warnings from Financial Regulators | No official warnings |
Website link | https://nordicfunder.com/ |
Active since | 2022 |
Registered in | Stockholm, Sweden |
Contact info | [email protected] |
Trading platforms | MT4 |
Majority of clients are from | Sweden, United Kingdom, Denmark, United Arab Emirates, Norway |
Customer support | Discord and email |
Compensation fund | No |
About Nordic Funder
So, is this company another wonder coming from the most beautiful country in the world? Do they live up to expectations? Most importantly, who are they?
Nordic Funder, born in 2021 and coming from Sweden, is an innovative prop trading platform. They’re all about giving you a funded account for forex trading, but no loans here. They’re not your typical financial service provider.
Namely, they’re open to traders worldwide and make you go through an assessment process to get your funded account. Also, you are expected to pay for your account based on its size.
How Nordic Funder Works
To become a player in Nordic Funder’s game, follow these simple steps:
- Choose Account Size: First up, pick your account size – $25,000, $50,000, or $100,000. Pay for it, and you’re in.
- Choose Your Leverage: Now, choose your leverage. The default is 10:1, but you can spice it up for a higher risk and fees.
- Choose Your Performance Fee: Nordic Funder prop firm offers a 50% profit share, but you can crank it up to 70% or 90% for an extra fee.
- Eliminate Mandatory Stop Loss: You can ditch the mandatory stop loss, but it’ll cost you. Keep this in mind!
- Disable No Weekend Positions: Want to trade all weekend? Pay a fee, and you’re free to do just that.
How to Start the Assessment Process?
Now, let’s talk about the assessment stage. What is there to know here?
Try to hit a 10% profit target, keep losses in check, and know there is no time pressure. Here you can use interesting stuff like copy trading and automated tools. It’s a huge plus in our opinion!
Nordic Funder Funded Account
All in all, try passing the assessment, and you’ll get a funded account. The default profit share is 50/50, but you can pay extra to grab more – up to 90%.
Big earners might even hit a million bucks. Just play by the rules and set trailing loss and daily loss limits.
NordicFunder truly offers a unique way to dive into forex trading. It’s all about proving your skills and sharing profits.
Setting Sail with Scandinavian Capital Markets
Nordic Funder keeps it local, using a Swedish broker because, well, the company calls Sweden home. The chosen broker is Scandinavian Capital Markets, a pure ECN/STP broker rocking from Stockholm.
For trading tech enthusiasts, we should note that Nordic Funder currently uses the popular MetaTrader 4 platform.
Diverse Trading Options with Nordic Funder
On the platform, you’ve got a range of choices. We can see that you can trade over 70 currency pairs, hop into precious metals like silver and gold, and explore West Texas crude oil, crypto, and indices.
However, it’s worth noting that Nordic Funder doesn’t offer stock trading. So, if stocks are your thing, you might need to look elsewhere. On the flip side, if you’re into the world of forex, this firm has a diverse set of options for you to explore.
What Is the Cost of Joining?
Joining the Nordic Funder club comes with a price tag based on your chosen account size:
- $25,000 account: One-time Nordic Funder fee of $250
- $50,000 account: One-time fee of $400
- $100,000 account: One-time fee of $750
Now, here’s a twist – they promise to refund all fees if you hit at least a 10% profit target in your funded account. But watch out for extra fees, like tweaking your leverage (25% extra), adjusting performance fees (10% to 20%), or saying goodbye to mandatory stop-loss or weekend positions (both 10% extra). And hey, stick to US dollars, as other currencies aren’t allowed here.
Nordic Funder Reviews on Trustpilot
Now, seeing what people say on Trustpilot, this cool Scandinavian prop firm rocks a solid 4.5 stars from 26 users. That’s a thumbs-up, right?
We believe it’s essential to stick with trading companies sporting at least a 4.5-star rating. This is a must, especially when money is involved.
Tip: Have you heard of the Trade XN broker? Stay alert as this is an anonymous broker that provides zero useful details.
Choosing a Proprietary Trading Firm
If you’re in the market for prop firms, prioritizing safety is a must. Always perform thorough research and examine firm profiles on reputable platforms. Explore the available assets, funded account sizes, leverage options, and the specifics of the evaluation phase. And don’t overlook the huge 90/10 profit split ratio – it’s a game-changer!
Trustworthiness is crucial, so opt for a firm with a strong reputation. Most prop firms prioritize safety and come equipped with valuable features.
Earning Money Trading
Are you keen on making some money through trading? It’s a breeze! We’re here for free consultations. So, reach out to explore the best forex and crypto trading platforms!
We also have some exciting news! We’re hyped about our new product, proprietary trading. Work with us and you have a chance to earn up to $180,000! Contact us for the details!
Tip: Cryptogo365 is a suspicious company! In terms of regulation, this business doesn’t have one. As a result, you should stay away from this scam broker and any others like it. Your safety should always be your priority.
Final Words
Wrapping up this Nordic Funder journey, it’s safe to say that this Swedish gem has its perks. From our perspective, their offers align with the forex trading landscape.
When navigating the options, always choose the best offer that suits your financial journey. And hey, don’t forget to check out the exclusive offer we talked about earlier. It might just be the missing piece to your financial puzzle.
FAQ
What is Nordic Funder?
Nordic Funder is a Swedish forex prop firm offering funded accounts for global traders.
Is Nordic Funder Legit?
Yes, Nordic Funder is legit, operating as a prop trading platform with transparency.
How to Choose a Good Trading Firm?
Choose a reputable firm by considering safety, reviews, and evaluation process specifics.