Funded Nation is a no time limit prop firm and does not impose any time limit on traders; traders can take as many days they want to clear the challenge. However, we have minimum trading day limit in place to assess our traders' risk management practice.

Our Jet Set Citizen offering takes a minimum of five trading days to complete. Once you clear the evaluation, you can have your funded account on the very next trading day.

Our Golden Visa offering consists of two stages of evaluation and verification each taking a minimum of five trading days. Thus, you can have your account on the 11th trading day if you opt for the Golden Visa offering.

If you lose your account for your own mistake by exceeding the daily drawdown or maximum draw down limit, you will forfeit your evaluation fee, and there shall be no second chance. However, we have provisions for retries if you happen to lose your account due to adverse market conditions that were out of your control.

Funded Nation understand and acknowledge that with extreme market fluctuations even skilled traders can end up on the wrong side. In such cases, we accommodate our traders by providing retries in the form of discount and coupon codes. You can raise a ticket with our chat support team if you feel that extreme market situations led to your failure. Our platform has a system in place to collect and analyze traders’ data to check and verify any such claim. At Funded nation, we see you as our future partner in growth and not as a source of one time earning.

Trading discipline at Funded Nation very much means the same as trading discipline in line with the established trading principles. It refers to the ability of a trader to adhere to a set of predetermined rules and guidelines when engaging in trading activities. It involves maintaining a structured approach to trading, making rational decisions, and controlling one's emotions. As a trader, one must have a trading plan that encompasses crucial aspects of trading such as defined goals, conceivable trading strategies, and risk management practices, to avoid unwanted trading practices and behavior.
Yes, after passing the evaluation, you will simulate trading in a virtual account provided by Funded Nation after passing the evaluation. The simulated trading will resemble each and every aspect of real world trading including pricing, spreads and commissions with the only exception being the absence of actual financial risk. However, you will earn profit in real if your simulated trading results in profit in the real market.

As a prop firm with commitment to fair trade practices, Funded Nation restricts traders from implementing some of the trading strategies and practices that are considered unfair; these strategies stand in contradiction with the universal fair trade practices and established trading principles. Some of the most common prohibited trading strategies of them are mentioned below.

1) EA trading types that do not align with market rules of fair trade practices such as tick scalping, arbitrage trading, high frequency trading, Martingale, EA group hedging and any type that seems to exploit loopholes in the server or platform.

2) Manipulation and exploitation of loopholes of any kind in the platform including but not limited to price quotes on trading terminal provided by brokers.

3) Collecting or using information privy to company.

4) Front-running of trades placed elsewhere

5) Conduct of trade practices that puts business relationship of the company and its brokers at risk; this means a trader conducting trade in a way that does not comply with the rules of brokers.

6) Trading behavior and practices that does not align with regulatory authorities of the company and brokers

7) Utilizing third party assistance to pass audition and gain access to company funds; any such off the shelf strategy by traders shall amount to outright violation of the terms of this agreement.

8) Passing evaluation with one strategy and utilizing another strategy while trading with live and funded accounts

9) Utilizing multiple accounts to place news day trade that contradicts in movement with one another to exploit the existing spreads; freedom to news trade in the company comes with some stated regulations to minimise market risks associated with news day trading.

In light of the above statement, traders are hereby informed that any of the restricted strategies adopted by trader will lead to immediate termination of account and traders shall also lose their evaluation fee.

For Jet Set Citizen offering, Funded Nation has put daily drawdown limit at 3% and maximum drawdown limit at 6%.

For Golden visa offering, the daily drawdown and maximum drawdown limit is 5% and 10% respectively.

At Funded Nation, our maximum total drawdown is equity-based, meaning that both the open and closed positions of the trader are accounted for while calculating the drawdown.

The very purpose of the maximum total drawdown is to ensure that the equity or account balance of the trader does not reach below to a certain specified level. The equity-based maximum total drawdown is advantageous for traders if they are able to make a profit and increase their account or equity balance while for losing traders, it is disadvantageous.

Let’s suppose a trader starts with an initial account balance of $10,000 and the maximum equity-based total drawdown is 10% of the starting account. This means that the trader shall lose the account if the account or equity balance reaches $9,000 at any stage of the trading activity.

10% of $10,000 equals $1000

$10,000 - $1000 equals $9000

Remember, that at the end of each trading day at EST 8 P.M, your end-of-day account or equity balance (whichever is higher) is locked for the day and the balance is carried over to the next trading day The dashboard then updates the drawdown figure accordingly as per the new account or equity balance and this is the amount you cannot afford to lose at any point of the trading day.

For a clear understanding of the ‘maximum total drawdown’ and how it can be advantageous for profitable traders and disadvantageous for losing traders, we shall look at examples from two different scenarios below.

First Scenario

1st day of trading

Starting balance: $1,0000

Let us consider that the trader is able to make a profit of $500, taking the account or equity balance total to $10,500 before the system reset.

2nd day of trading

Starting balance: $10,500

As per the equity-based maximum drawdown rule, the trader now has a large window because of the profit made on the previous trading day that took the account balance to $10,500. Now, for the account or equity balance to breach $9,000, the trader will have to lose $1,500 instead of $1,000 considering that the daily drawdown limit is not breached in the process.

From the above example, it is clear that equity-based maximum total drawdown is advantageous for profitable traders.

2nd scenario

1st day of trading

Starting balance: $10,000

Let us consider that the trader made a loss of $400, on the first trading day, and the account or equity balance drops to $9,600 before the system reset.

2nd day of trading

Starting balance: $9,600

As per the equity-based drawdown rule, the trader now has a smaller window because of the loss from the first day of trading. Now, for the trader’s account or equity balance to breach the $9,000 limit, a loss of only $600 is required instead of the initial $1,000.

Let us consider that the trader lost another $300 on the second trading day, and the account or equity balance dropped to $9,300 before the system reset.

3rd day of trading

Starting balance: $9,300

The trader at the beginning of the third day cannot afford to lose $300 or more because of the losses he has accumulated over a period of two days. The trader shall lose his account if he loses another $300

$(9300-300)= $9000 (the specified breach limit as per the 10% maximum total equity-based maximum drawdown rule).

At Funded Nation, our daily drawdown is equity-based, meaning that both the open and closed positions of the trader are accounted for while calculating the drawdown. During an intra-day period, the drawdown breach amount shall be deducted from either the trader’s equity balance or the initial account balance whichever is higher.

Remember, that at the end of each trading day at EST 8 P.M, your end-of-day account or equity balance (whichever is higher) is locked for the day and the balance is carried over to the next trading day. The dashboard then updates the drawdown figure accordingly as per the new account or equity balance and this is the amount you cannot afford to lose at any point of time during the day.

Following is the drawdown explanation with examples from four days of trading.

Let’s suppose a trader starts with an initial account balance of $10,000 and the daily drawdown is fixed at 5% of the initial or starting balance.

1st day of trading

First-day starting balance: $10,000

The trader’s daily drawdown will be 5% of $10,000 i.e. $500 which means that if he loses $500 at any point of time on the first day, he shall lose his account.

Now, let’s suppose that the trader makes a profit of $500 on the first day before the system resets, taking the equity or account balance to $10,500.

2nd day of trading

Second-day starting balance: $10,500

Drawdown amount shall remain the same, which is 5% of the initial account balance i.e. $500, but for drawdown calculation, this $500 shall be deducted from $10,500.

Thus, the trader shall lose his account if he makes a loss of $500 and his equity or account balance drops to $10,000 at any point of time on the second day of trading.

$(10,500-500) = $10,000

Let’s consider that the trader made a loss of $200, and his account balance dropped to $10,300 before the system reset.

3rd day of trading

Starting balance for the third day: 10,300

Drawdown figure for the 3rd trading day

$(10,300-500) = $9800

The trader shall lose the account if the equity or account balance drops to $9,800 at any point of time on the third day of trading.

Let’s consider that the trader did not undertake any trading activities on the 3rd day and the account balance remains the same. Since there is no trade, with no profit or loss, the starting balance and the drawdown criteria shall remain the same for the next day of trading.

4th day of trading

Starting balance for the fourth day = $10,300

Drawdown figure for the 4th trading day

$(10,300-500) = $9800

The trader shall lose the account if the equity or account balance drops to $9,800 at any point of time on the fourth day of trading.

Moving forward, let’s consider that the trader made a loss of $200 on the fourth day, and his account balance dropped to $10,100 before the system reset.

5th day of trading

Starting balance for the fifth day = $10,100

Drawdown figure for the 5th trading day

$(10,100-500) = $ 9,600

The trader shall lose his account if he makes a loss of $500 and his equity or account balance drops to $9,600 at any point of time on the fifth day of trading.

Funded Nation- a flexible prop firm with both one step challenge and two steps challenge for traders

Funded Nation is not exclusively a one-step challenge prop firm as it provides traders with both one-step challenge program and two-step challenge program. Our one-step challenge program known as Jet Set offering provides traders with the opportunity to become a virtual fund manager by passing the challenge in one step whereas our two-step challenge program known as Golden Visa offering provides traders with an opportunity to ace the challenge in two steps.

Both challenges come with no time limit, which means that traders can take as long as they want to pass the challenge and trade with freedom and flexibility.

To access our virtual funds up to $1 million, traders need to undertake either our one-step challenge known as Jet Set Citizen offering, or our two-step challenge known as Golden Visa offering. After passing the challenge, traders receive simulated account with instant funding of up to $1M in virtual funds

Personal interview at Funded Nation is not mandatory for trader recruitment. Funded Nation may conduct personal interview of traders if the company deems it necessary. In general, the company conducts personal interview under the following exceptional circumstances

i. In case of discrepancies related to documentation and verification of the candidate in question.

ii. To seek further clarification on trader’s strategy and risk management aspect especially when the strategy of the trader is inconsistent across two phases of evaluation.

iii. To induct highly skilled traders into Funded Nation elite list of traders with added benefits and premium support.

iv. To provide valuable suggestions before finalizing the recruitment of traders as virtual fund manager.

v. To caution traders about potential disqualification or termination if the trader data shows neglect and disregard of risk management practices, such as failing to use stop-loss orders, adopting overly aggressive position sizing, or leveraging excessively.

Please note that Funded Nation retains discretionary authority to conduct personal interviews with any candidate, and it is solely the company's decision whom to interview. The timing of the interview will be disclosed to the candidate; however, the company may choose not to disclose the reason for the interview.

The reset time for daily drawdown at Funded Nation is EST 8 P.M.

Traders should keep in mind, that at the end of each trading day at EST 8 P.M, your end-of-day account or equity balance (whichever is higher) is locked for the day and the balance is carried over to the next trading day. The dashboard then updates the drawdown figure accordingly as per the new account or equity balance and this is the amount you cannot afford to lose at any point of time during your trading day.

The trading session at Funded Nation starts at EST 8 P.M irrespective of whichever time zone you belong to and remains the same for every trader across the world.

If the trader hits the drawdown limit as updated by the system any time before EST 8 P.M for a particular trading day, the trader shall lose his account. The trader can view his drawdown limit for every trading day on his dashboard.

Funded Nation is a no time limit prop firm and does not impose any time limit on traders; traders can take as many days they want to clear the challenge. However, we have minimum trading day limit in place to assess our traders' risk management practice.

Our Jet Set Citizen offering takes a minimum of five trading days to complete. Once you clear the evaluation, you can have your funded account on the very next trading day.

Our Golden Visa offering consists of two stages of evaluation and verification each taking a minimum of five trading days. Thus, you can have your account on the 11th trading day if you opt for the Golden Visa offering.

If you lose your account for your own mistake by exceeding the daily drawdown or maximum draw down limit, you will forfeit your evaluation fee, and there shall be no second chance. However, we have provisions for retries if you happen to lose your account due to adverse market conditions that were out of your control.

Funded Nation understand and acknowledge that with extreme market fluctuations even skilled traders can end up on the wrong side. In such cases, we accommodate our traders by providing retries in the form of discount and coupon codes. You can raise a ticket with our chat support team if you feel that extreme market situations led to your failure. Our platform has a system in place to collect and analyze traders’ data to check and verify any such claim. At Funded nation, we see you as our future partner in growth and not as a source of one time earning.

Trading discipline at Funded Nation very much means the same as trading discipline in line with the established trading principles. It refers to the ability of a trader to adhere to a set of predetermined rules and guidelines when engaging in trading activities. It involves maintaining a structured approach to trading, making rational decisions, and controlling one's emotions. As a trader, one must have a trading plan that encompasses crucial aspects of trading such as defined goals, conceivable trading strategies, and risk management practices, to avoid unwanted trading practices and behavior.

Yes, after passing the evaluation, you will simulate trading in a virtual account provided by Funded Nation after passing the evaluation. The simulated trading will resemble each and every aspect of real world trading including pricing, spreads and commissions with the only exception being the absence of actual financial risk. However, you will earn profit in real if your simulated trading results in profit in the real market.

As a prop firm with commitment to fair trade practices, Funded Nation restricts traders from implementing some of the trading strategies and practices that are considered unfair; these strategies stand in contradiction with the universal fair trade practices and established trading principles. Some of the most common prohibited trading strategies of them are mentioned below.

1) EA trading types that do not align with market rules of fair trade practices such as tick scalping, arbitrage trading, high frequency trading, Martingale, EA group hedging and any type that seems to exploit loopholes in the server or platform.

2) Manipulation and exploitation of loopholes of any kind in the platform including but not limited to price quotes on trading terminal provided by brokers.

3) Collecting or using information privy to company.

4) Front-running of trades placed elsewhere

5) Conduct of trade practices that puts business relationship of the company and its brokers at risk; this means a trader conducting trade in a way that does not comply with the rules of brokers.

6) Trading behavior and practices that does not align with regulatory authorities of the company and brokers

7) Utilizing third party assistance to pass audition and gain access to company funds; any such off the shelf strategy by traders shall amount to outright violation of the terms of this agreement.

8) Passing evaluation with one strategy and utilizing another strategy while trading with live and funded accounts

9) Utilizing multiple accounts to place news day trade that contradicts in movement with one another to exploit the existing spreads; freedom to news trade in the company comes with some stated regulations to minimise market risks associated with news day trading.

In light of the above statement, traders are hereby informed that any of the restricted strategies adopted by trader will lead to immediate termination of account and traders shall also lose their evaluation fee.

For Jet Set Citizen offering, Funded Nation has put daily drawdown limit at 3% and maximum drawdown limit at 6%.

For Golden visa offering, the daily drawdown and maximum drawdown limit is 5% and 10% respectively.

At Funded Nation, our maximum total drawdown is equity-based, meaning that both the open and closed positions of the trader are accounted for while calculating the drawdown.

The very purpose of the maximum total drawdown is to ensure that the equity or account balance of the trader does not reach below to a certain specified level. The equity-based maximum total drawdown is advantageous for traders if they are able to make a profit and increase their account or equity balance while for losing traders, it is disadvantageous.

Let’s suppose a trader starts with an initial account balance of $10,000 and the maximum equity-based total drawdown is 10% of the starting account. This means that the trader shall lose the account if the account or equity balance reaches $9,000 at any stage of the trading activity.

10% of $10,000 equals $1000

$10,000 - $1000 equals $9000

Remember, that at the end of each trading day at EST 8 P.M, your end-of-day account or equity balance (whichever is higher) is locked for the day and the balance is carried over to the next trading day The dashboard then updates the drawdown figure accordingly as per the new account or equity balance and this is the amount you cannot afford to lose at any point of the trading day.

For a clear understanding of the ‘maximum total drawdown’ and how it can be advantageous for profitable traders and disadvantageous for losing traders, we shall look at examples from two different scenarios below.

First Scenario

1st day of trading

Starting balance: $1,0000

Let us consider that the trader is able to make a profit of $500, taking the account or equity balance total to $10,500 before the system reset.

2nd day of trading

Starting balance: $10,500

As per the equity-based maximum drawdown rule, the trader now has a large window because of the profit made on the previous trading day that took the account balance to $10,500. Now, for the account or equity balance to breach $9,000, the trader will have to lose $1,500 instead of $1,000 considering that the daily drawdown limit is not breached in the process.

From the above example, it is clear that equity-based maximum total drawdown is advantageous for profitable traders.

2nd scenario

1st day of trading

Starting balance: $10,000

Let us consider that the trader made a loss of $400, on the first trading day, and the account or equity balance drops to $9,600 before the system reset.

2nd day of trading

Starting balance: $9,600

As per the equity-based drawdown rule, the trader now has a smaller window because of the loss from the first day of trading. Now, for the trader’s account or equity balance to breach the $9,000 limit, a loss of only $600 is required instead of the initial $1,000.

Let us consider that the trader lost another $300 on the second trading day, and the account or equity balance dropped to $9,300 before the system reset.

3rd day of trading

Starting balance: $9,300

The trader at the beginning of the third day cannot afford to lose $300 or more because of the losses he has accumulated over a period of two days. The trader shall lose his account if he loses another $300

$(9300-300)= $9000 (the specified breach limit as per the 10% maximum total equity-based maximum drawdown rule).

At Funded Nation, our daily drawdown is equity-based, meaning that both the open and closed positions of the trader are accounted for while calculating the drawdown. During an intra-day period, the drawdown breach amount shall be deducted from either the trader’s equity balance or the initial account balance whichever is higher.

Remember, that at the end of each trading day at EST 8 P.M, your end-of-day account or equity balance (whichever is higher) is locked for the day and the balance is carried over to the next trading day. The dashboard then updates the drawdown figure accordingly as per the new account or equity balance and this is the amount you cannot afford to lose at any point of time during the day.

Following is the drawdown explanation with examples from four days of trading.

Let’s suppose a trader starts with an initial account balance of $10,000 and the daily drawdown is fixed at 5% of the initial or starting balance.

1st day of trading

First-day starting balance: $10,000

The trader’s daily drawdown will be 5% of $10,000 i.e. $500 which means that if he loses $500 at any point of time on the first day, he shall lose his account.

Now, let’s suppose that the trader makes a profit of $500 on the first day before the system resets, taking the equity or account balance to $10,500.

2nd day of trading

Second-day starting balance: $10,500

Drawdown amount shall remain the same, which is 5% of the initial account balance i.e. $500, but for drawdown calculation, this $500 shall be deducted from $10,500.

Thus, the trader shall lose his account if he makes a loss of $500 and his equity or account balance drops to $10,000 at any point of time on the second day of trading.

$(10,500-500) = $10,000

Let’s consider that the trader made a loss of $200, and his account balance dropped to $10,300 before the system reset.

3rd day of trading

Starting balance for the third day: 10,300

Drawdown figure for the 3rd trading day

$(10,300-500) = $9800

The trader shall lose the account if the equity or account balance drops to $9,800 at any point of time on the third day of trading.

Let’s consider that the trader did not undertake any trading activities on the 3rd day and the account balance remains the same. Since there is no trade, with no profit or loss, the starting balance and the drawdown criteria shall remain the same for the next day of trading.

4th day of trading

Starting balance for the fourth day = $10,300

Drawdown figure for the 4th trading day

$(10,300-500) = $9800

The trader shall lose the account if the equity or account balance drops to $9,800 at any point of time on the fourth day of trading.

Moving forward, let’s consider that the trader made a loss of $200 on the fourth day, and his account balance dropped to $10,100 before the system reset.

5th day of trading

Starting balance for the fifth day = $10,100

Drawdown figure for the 5th trading day

$(10,100-500) = $ 9,600

The trader shall lose his account if he makes a loss of $500 and his equity or account balance drops to $9,600 at any point of time on the fifth day of trading.

Funded Nation- a flexible prop firm with both one step challenge and two steps challenge for traders

Funded Nation is not exclusively a one-step challenge prop firm as it provides traders with both one-step challenge program and two-step challenge program. Our one-step challenge program known as Jet Set offering provides traders with the opportunity to become a virtual fund manager by passing the challenge in one step whereas our two-step challenge program known as Golden Visa offering provides traders with an opportunity to ace the challenge in two steps.

Both challenges come with no time limit, which means that traders can take as long as they want to pass the challenge and trade with freedom and flexibility.

To access our virtual funds up to $1 million, traders need to undertake either our one-step challenge known as Jet Set Citizen offering, or our two-step challenge known as Golden Visa offering. After passing the challenge, traders receive simulated account with instant funding of up to $1M in virtual funds

Personal interview at Funded Nation is not mandatory for trader recruitment. Funded Nation may conduct personal interview of traders if the company deems it necessary. In general, the company conducts personal interview under the following exceptional circumstances

i. In case of discrepancies related to documentation and verification of the candidate in question.

ii. To seek further clarification on trader’s strategy and risk management aspect especially when the strategy of the trader is inconsistent across two phases of evaluation.

iii. To induct highly skilled traders into Funded Nation elite list of traders with added benefits and premium support.

iv. To provide valuable suggestions before finalizing the recruitment of traders as virtual fund manager.

v. To caution traders about potential disqualification or termination if the trader data shows neglect and disregard of risk management practices, such as failing to use stop-loss orders, adopting overly aggressive position sizing, or leveraging excessively.

Please note that Funded Nation retains discretionary authority to conduct personal interviews with any candidate, and it is solely the company's decision whom to interview. The timing of the interview will be disclosed to the candidate; however, the company may choose not to disclose the reason for the interview.

The reset time for daily drawdown at Funded Nation is EST 8 P.M.

Traders should keep in mind, that at the end of each trading day at EST 8 P.M, your end-of-day account or equity balance (whichever is higher) is locked for the day and the balance is carried over to the next trading day. The dashboard then updates the drawdown figure accordingly as per the new account or equity balance and this is the amount you cannot afford to lose at any point of time during your trading day.

The trading session at Funded Nation starts at EST 8 P.M irrespective of whichever time zone you belong to and remains the same for every trader across the world.

If the trader hits the drawdown limit as updated by the system any time before EST 8 P.M for a particular trading day, the trader shall lose his account. The trader can view his drawdown limit for every trading day on his dashboard.