Maximum drawdown is the maximum your account can drawdown before you would hard breach your account. When you open the account, your Max Drawdown is set at 10% of your starting balance. This will be static for the life of the account.

The rules for the Funded account are exactly the same as your Assessment account. Please note that the 1,2 phase assessments have different parameters and drawdown rules so make sure you check which is best for your trading strategy. However, whit a Funded account, there is no cap on the performance you can achieve.

Daily Loss Limit is calculated based on the previous day’s end of day (5pm EST) balance.

Example: If your prior day’s end of day balance was $100,000 you would brach the Daily Loss Limit of 5% should your equity the next day fall to $95,000

No, as Nexus Funded you can trade without any comissions

No, you don’t need to close positions overnight

Yes, you are able to trade new events.

Although we do not restrict news trading, traders should be aware that trades might not get filled at desirable prices due to higher volatility and lower liquidity these times.

If you decide to hold your trades over the highly volatile periods, kindly manage your risk properly while taking wider spreads and potential slippages into consideration.

We advise you to manage your risk appropriately during these trading periods.

In the phase one, challenge trades not allowed to trade during news

Refunds are processed when a trader makes their first withdrawal of 15% which is available on demand in the first 30 days from the starting. We process 100% of the original order value placed by the trader. This does include any add-ons purchased.

In the event of breaching any of the trading parameters, the account will be automatically invalid and ultimately you will not be able to continue trading on that particular account. The initial fee that was paid will also be forfeited. 

We understand that as a trader you can go through losing periods with that in my mind you can always start again from 1 Phase at a discounted rate.

No, it is not allowed to have long and short positions open simultaneously with two accounts. This may be considered a rule violation and could result in penalties, such as account disqualification or closure. Also you can’t do it with one account. Please review our prop firm’s policies for more details.

No, it’s not allowed. If you already have an account registered under your name, you are not permitted to access or use another person’s account. Each individual is allowed to operate only one account.