Nordic Funder
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How is that a legit company when their other company Tradiac went off out of nowhere?? I was a trader with Tradiac and then due to some miscalculations coming from their side the account was breached. Then they provided me with the option to trade with Nordic Funder for a free account. The thing is that I passed the account with them but due to very strict rules when it comes to withdrawal I never managed to get one. For example, they want you to get 10% profit in order to reset the high watermark as they call it. So if you reach 4% in your live account and then you get the 2% as profit then lets assume you have a 100K account, your high watermark is now 102K which means that if you fall below 100K your account is burnt. Make your own judgment about this company.
They have the most stupid trading rule out of all the prop firms that I have come across, which is to trade a minimum of two instruments, with relatively almost equal lot size value. So let’s say you only trade profitably and consistently on the EurUsd for example and nothing else, they will not fund you and will terminate your account despite the fact that you are very profitable. Also their pricing is 300% more expensive than most of the popular prop firms. And they publish mostly fake payout certificates which they have designed. Especially the high value payout certificates are 100% fake! BEWARE! Update: In response to Nordic Funder reply. You guys have only processed two small payouts for me for less than $1200 each on average. However, once I have made a larger payout request (over $8000) you guys have rejected the payout request. The excuse was: some of my trades lasted less than 5 minutes. Nonesense! Fraud! I have also contacted some of the profiles on discord who you claim have received large payouts, I got no response, and these are likely fake profiles. Show me the bank transfer for these large payouts, of course you won’t, because these are fakes.
Thank you to the review made by Allan Smith - I will avoid this ponzi scheme with the dodgy contract. TO ANY TRADERS THINKING OF WORKING WITH PROP FIRMS- Check the contracts first.
very poor and dishonest firm, accused of copy trading there after accused of using HFT, one excuse after another to deny my funded account, do not use these guys if you ever want to succeed
no customer service I doubt that Propfirm is still alive no one answered me however their aggressive plan are really competitive
They made promises to ex-Tradiac customers that they took on, which they are about to break with the closure of assessment accounts carried over from Tradiac. I emailed them to voice my concern - all I got was a nonsensical email that was not a response. I then called them out on their Discord channel and they removed me from the channel. Disgraceful behaviour. No matter what anyone else says in these reviews (and I’ve acted in good faith right through this process) believe me when I (who have had experience with a number of these so-called “prop firms”) tell you that they’re just like another Ponzi scheme. Hopefully regulation (which is imminent) will put an end to behaviour like this. Update: received an email from a certain gentleman at Nordic (the same one who essentially ignored my initial email to them on this issue in November by replying with irrelevant gobbledegook) l. The email essentially states that I was banned from their Discord for “breaching community rules”. All I did was call them out for their behaviour. The email also states that Nordic (and Tradiac) is fully entitled to do what they like in terms of their terms and conditions, one of which states that they can amend any of these terms and conditions “at their sole discretion”. If you know anything about law, you’ll know that a clause like this is void and/or unenforceable in most civilised jurisdictions (and for good reason - it makes a mockery of any contract, and countenances bad faith in contractual arrangements, particularly in the context of B2C relationships and where the contract is a pro forma one). This apparently doesn’t stop them from relying on it though. The arrogance was particularly odious: the email also told me that I need to “govern myself”. Apparently it’s “disrespectful” and “slanderous” as a paying customer (to whom promises have been made) to call them out for blatant dishonesty and/or unethical conduct, and when you do you need to learn to “govern yourself”. Be warned - you’ll get payouts, etc, and they’ll be nice to you to get more assessment fees out of you if/when you fail their challenges. But do one thing that doesn’t work for them (or that puts them out even slightly - even if it is simply requiring them to adhere to their obligations - implied or otherwise - in terms of your agreement with them), they’ll simply say “we can amend the any term of this agreement at our sole discretion” to avoid those obligations. They also say that I’m the only client that is unhappy with them on this issue. I know at least one other client who is just as angry about how they’ve behaved (they just could not be bothered with arguing with people who have this approach to contractual arrangements), so that’s also simply not true. I’m expecting a response from them on this review (which they’re entitled to). I will respond accordingly. I have nothing to hide in this matter, and to the extent that any allegations are made as to how “disrespectful” I have been, I invite them to include any correspondence I have had with them (word for word) so that readers of this review (and of their response) can make up their own minds. One would think that having paid enormous fees for a demo account, one is entitled to a modicum of respect. Apparently this is not the case in the world of Nordic. Imagine visiting a restaurant, being served cold food, complaining and then being told by the restaurateur that they are entitled to serve cold food at their “absolute and sole discretion”, and that calling them out on it is “disrespectful” and “slander”. The sense of entitlement is astounding. If you’ve made money with them - great. Just don’t make too much - given their behaviour in this matter, I would not be the least bit surprised if they were to refuse to pay you by invoking their clause that they are entitled to refuse payment “at their absolute and sole discretion”.
PROS: - competitive pricing - ability to chose features on your account (no SL, higher profit split, keep trades over weekends etc) - good spreads and commissions (compared to other props) - order execution is spot on - highly advantageous scaling plan - easy to contact support via Discord CONS: - website needs a bit more clarifications here and there - might need more information and explications on the rules
One of the few prop firms where you can still use MT4 (with or without an EA), with great customer service. Trade according to their low risk rules and you are perfectly fine to scale up each level as you go. No rocket science. They also use a reliable broker in Sweden. They get the 5th star if they upgrade their dashboard which is basic compared to other prop firms I use.
The terms and conditions are "PERFECT". This was the real attraction. However the website needs serious improvement by including performance graphics, performance ratios, summaries. The ability to write a journal would be a great bonus for the traders to improve their trading habits. I am close to passing my evaluation.
One of the starting points when doing new business with a Company is to assess the People and the Customer Service one will be dealing with . I signed up with Nordic and have not yet achieved a live trading account status , however every interaction and question with Customer Service has been excellent . Patience and thoroughness in answering questions has been an outstanding feature. I reserve one star for my next review when I will be trading live and will see the all the end to end processes , however I have no doubt that the experience will match the "customer first" approach described above .
I paid 200 USD to start an account with Nordic Funder. The operator said he will put me through to another person to help me start my investment, he said he will call me back, but no one did.
Wasn't going to give a review - but I think I should. Saw an article on Linkedin by their CEO that sets out his attitude to his customers - its basically that he's there to make as much money as he can, and he's not there to help aspiring traders (the article warns other "prop firms" not to make their challenges "too easy". I got burned with the Tradiac thing. Be warned - these guys like to hide behind their "contract" that says that they can amend any terms of that "contract" "at their sole and absolute discretion". Stay away. This is one prop firm that most definitely does not have your interests at heart. Cannot wait for regulation to put people like this out of business.
First of all, interface is great, really. As a graphic designer I always point cool features and comfy models. Secondly, the steps are pretty clear and understandable. Unique customisation also looks good, never seen it before. And one-time fee just thrilled me! No need to think about it monthly, perfect. As an amateur, enjoying Nordic Funder so much even if people tell that the first fry is bound to be a flop
Nordic Funder has a very generous profit sharing split, and they offer everything a trader needs to succeed. With transparent operations and unmatched support. Trading conditions are good and no time limit to pass challenges. A fair profit target which goes well in line with daily drawdown and maximum drawdown. Discord support and community is active and very helpful in making sure everything is ran smoothly. I have had multiple payouts with no problems.
Recently joined Nordic funder a couple months ago, so far everything has been great and what i would expect from a top tier prop firm. Customer service is great and has helped with any issues I've had, spreads are good and i haven't had many slippage, some of the best trading conditions around! Would recommend to anyone wanted to build their account balance.
Seems like a slightly smaller firm than most however I like how the discord community is really friendly towards newcomers it feels like they are encouraging traders to succeed. The rules are fair, the support is great (very attentive) & they seem very knowledgeable on certain aspects of trading. The prices are a tiny bit high but id rather pay a bit more just because they are efficient and because its slightly smaller you get special attention. Glad I found this one!
Really happy with their program and conditions. I have been looking for a prop firm for about 6 months now, and when I first saw Nordic their drawdown rules were a deal breaker. Last month I received word of their new aggressive accounts and I finally got into the whole prop firm community by getting a $25,000 account. Full disclaimer: I did not pass. I will definately try again though as they have the best conditions I have seen.
I'm very happy to give this prop firm 5 stars. They team in Discord are very knowledgeable and really guide members in a way I rarely see. Very high calibre team and the experience shows. As for the important stuff, trading conditions, scaling, payouts, everything happens impressively fast and you get the white glove service the big boys are missing.
I’ve traded a fair few prop firms and would say the following based on my experiences with Nordic funder: 1) Trading conditions - best in class, spreads, commissions and trading conditions very good you won’t find better in the prop firm space 2) Team and support - best in class, you can actually have a sensible conversation with someone quickly who actually has trading experience and answers your questions (thank you Alex) 3) Scaling - looks like best in class opportunities to scale up very fast. I didn’t get that far but that is my problem not theirs! Lol
Unrivaled customer service. This prop firm has the best staff you could ever find and they are actually looking for good traders. After a few tries, I finally passed a 25k account and made the assessment fees back. I traded that account for 3 months, made around 60% return on what I invested to pass and they connected me with private investors, where I am now earning (or at least trying to) performance fees from them by simply allowing them to copy my trades. Interesting model. I will post proof of all of this on the NF's discord.
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