Terms of use micro trader

NOVAFUNDING TRADING Evaluation
TERMS OF USE - MICRO TRADER
ACCOUNT 89145 DETAILS:

Program type:	MICRO TRADER Funded Account
Program phase:	Phase 2: Funded Trader
Initial capital:	$200,000
Strategy/risk level:	Normal
Bonus option:
Brokerage:	Foreign Exchange Clearing House
Available trading instruments:	Everything the broker is offering
Trading platform:	Metatrader4
Trading period starts:	Anytime within 30 days from application
Trading period ends:	After 150 days from opening the first position
Time Zone:	Eastern European (Summer) Time

NOVAFUNDING FUNDED TRADER (PHASE 2):

PHASE 3: TRADER	STRATEGY: NORMAL
Trading period	150 Days (Reset With Each Payout-No Time Limit)
Minimum trading days	5 Trading Days
Maximum loss:	8%
- Max. daily loss	4%
Profit target:	N/A During Funded Stage
News event trading:	Allowed
Closing all open positions:	Required before payout request
PERFORMANCE COMMISSION:	Profit Split 1: 50% of total profits Profit Split 2: 70% of total profits Profit Split 3: 80% of total profits

The trader will receive access to the NovaFunding Funded Trader Program account (Phase 2) within 72hr after the NovaFunding Funded Trader agreement has been signed.
NovaFunding Funded Trader Program trading periods start when trader has placed his/her first order.
The trader is able to request the payout + account review via Client Area "Close Period" button after the minimum trading period has been completed, any rules or general terms and conditions haven’t been violated, after the trader has closed all open positions, and all parameters are met.
If the Trader has met the conditions of the NovaFunding Trader Program, the Provider will evaluate the trading period as successful and make a new trading period account available within 3-5 business days from the account review.
The trader receives a performance commission of total profits made after the trading period has been completed and reviewed. The performance commission will be made available to the Trader’s account on Evaluator and is withdrawable anytime with as long as the trading period has been met. The current payout methods are Bank Wire Transfer and Cryptocurrency.
The trader will receive a new NovaFunding Funded Trader account after every period of trading as long as the trader hasn’t reached loss limits or violated any other rules or objectives or general terms and conditions. If you are not in profit at the end of your trading period but you didn't violate any rules then you continue with your current account balance and trade until eligible.

Payout 1: 21 Calendar days from first live trade
Payout 2: 21 Calendar days from first live trade
Payout 3 & Following Eligible Payouts: 14 Calendar days from first live trade
It is important that the trader should not press "Close period" on the dashboard unless the trader has confirmed that the minimum calendar days have been passed and all parameters/requirements listed in this agreement has been followed. Nova Funding will review the payout and update the trader with the status as needed. For example, once the 5 minimum trading days have been taken, the trader will see the "Close Period" option on their dashboard. A trader must not press this button unless the minimum calendar days of 21 days have been met based on the individual traders current schedule. If a trader has scaled into bi-weekly, then they must wait 14 calendar days before pressing the close period button.