Terms of use micro trader

Please only navigate to the "Close Period" button once all calendar days and parameters have been met.
Payouts are sent to the trader within 24-72 business hours. Please note that processing times for Bank Wire Transfers are different depending on each bank and is seperate from the 24-72hr timeframe. When a traders payout is sent, the trader will recieve a confirmation email from Nova Funding. If for any reason a trader must undergo extended review, the trader will recieve their payout in 9 business days. Nova Funding reserves the right to put any trader payout through extended review when required.
THE TRADING EVALUATION(PHASE 1) - DETAILED EXPLANATION OF TRADING OBJECTIVES
Trading period: Trading period starts any time you will open your position and it will end after 150 calendar days. The 150 day threshold is set in place so that inactive accounts dont hold space on the servers. If for any reason you begin to approach the 150 day mark while still respecting all challenge parameters and not being eligible for a payout at the specific time, you may request for an extension and continue your trading. You are eligible for unlimited extensions as the evaluation stage as well as funded stage has no true time limit.
Minimum trading days: To meet this objective you must reach at least a minimum amount of trading (business) days during Phase 1 and Phase 2 periods. At least one position must be opened on each of these days. Also, it is prohibited to open abnormally small trades just to meet with the Minimum Trading Days requirement.

A trading day means a day when at least one trade is executed.
If a trade is held over multiple days, the day when the trade was executed is considered as the trading day.
Maximum loss: This rule can also be called “account stop-loss”. Maximum Loss is the difference between your highest recorded balance or equity subtracted by your current equity. If this calculation reaches an 8% difference, this is a violation of the maximum drawdown rule.