Nordic Funder review
Nordic Funder is a Sweden-based prop trading firm founded in 2021, headquartered in Kista, that markets itself as Scandinavia's largest prop firm. It sells one-, two- and three-step FX/CFD evaluations, plus separate crypto and equities tracks and a no-evaluation "Instant Funding Lite" program, on simulated accounts from $2,500 to $500,000 that scale toward $1 million. Trade execution runs through a partnership with Scandinavian Capital Markets, a Swedish STP forex broker, and the base profit split is 80%, upgradeable to 90% via add-on. The material caveats: Nordic Funder is not itself a regulated financial entity, funded-account agreements route through Forest Park FX LTD, and its Trustpilot rating has cooled from an earlier ~4.5 to roughly 3.2 out of 5 alongside a recent run of withdrawal and support complaints.
Nordic Funder key facts
- Website: nordicfunder.com
- Category: Prop trading firm
- Founded: 2021
- Headquarters: Kista, Sweden
- Model: 1-, 2- or 3-step Challenge, Crypto/Equities tracks, or Instant Funding Lite
- Account sizes: $2.5K–$500K (scaling to $1M)
- Profit split: 80%, up to 90%
- Broker partner: Scandinavian Capital Markets
- Trustpilot: ~3.2/5 (56 reviews)
- CEO: David Nudelman
- FYI Score: 66.5/100 (ranked #60 of the 63 prop trading firms we track)
Evaluation programs
- Runs one-, two- and three-step FX/CFD evaluations (10% target on the one-step; 10% then 5% on the two-step; 5% per phase on the three-step) alongside separate crypto (one- and two-step, 10-12% targets, capped at 2:1 leverage) and equities (one-step, 10% target, US market hours) tracks.
- Instant Funding Lite skips the evaluation entirely for a one-time fee, trading a funded account from day one under a tighter 3% drawdown and a 20% consistency rule.
- No time limit to complete a challenge, though accounts close after 30 days without a trade; paid add-ons can remove the stop-loss requirement, raise leverage, or allow weekend position holding.
Payouts and scaling
- Base profit split is 80%, upgradeable to 90% via a paid add-on; payouts run on a 14-day cycle with a 2% minimum withdrawal, processed through a single payment method (Rise).
- Funded balances scale by doubling at each 10% profit milestone, up to a $1 million ceiling — a more aggressive scaling curve than the 25-50% step-ups typical elsewhere in the category.
Execution and broker partnership
- Trade execution runs through Scandinavian Capital Markets, a Swedish STP forex broker, with raw spreads, a $7-per-lot commission on forex and metals, and zero commission on indices, oil and crypto.
- EA and algorithmic trading are permitted; prohibited strategies include latency and triangular arbitrage, cross-account hedging, and third-party copy-trading services such as MQL5 or ZuluTrade.
- Built primarily on MetaTrader 4, with DXtrade, Match-Trader and cTrader access layered in via a GooeyTrade integration — multi-platform support is newer than the firm's MT4 core.
Nordic Funder evaluation challenges
| Challenge | Steps | Profit target | Max drawdown | Profit split | Price |
|---|
| One-Step Challenge | 1-step | 10% | 6% | 80% | from $42.50 · $5K–$500K |
| Two-Step Challenge | 2-step | 10% | 8% | 80% | from $60 · $5K–$500K |
| Three-Step Challenge | 3-step | 5% | 5% | 80% | from $42 · $5K–$500K |
| Instant Funding Lite | — | — | 3% | 80% | $45–$1,000 · $2.5K–$100K |
Markets
Forex, Precious metals, Indices, Oil & energies, Cryptocurrencies, US equities
Platforms
MetaTrader 4, DXtrade, Match-Trader, cTrader
Who Nordic Funder is for
Nordic Funder suits a trader who wants flexible, EA-friendly evaluation options across FX, crypto and equities with no time pressure and commission-free non-forex trading. Anyone considering it should read recent Trustpilot reviews first — several 2025-2026 reviews describe withdrawal rejections and slow support that are worth weighing against the firm's longer-than-average track record.
Pros
- Wide program lineup — 1-, 2- and 3-step FX evaluations plus dedicated crypto, equities and no-evaluation "Instant Funding Lite" tracks — with entry fees from about $42 and account sizes scaling to $1M.
- Commission-free trading on indices, oil and crypto, no time limit on evaluations, and EA/algorithmic trading is explicitly permitted.
- A real execution partnership with a named broker (Scandinavian Capital Markets) and a five-year operating history, longer than many prop-firm peers.
- Aggressive scaling plan that doubles the funded balance at each 10% profit milestone.
Cons
- Trustpilot rating has slid to roughly 3.2/5 (56 reviews) from earlier highs near 4.5, with a polarized split between five-star and one-star reviews and recent complaints about rejected or delayed withdrawals.
- Single payout method (the Rise platform) on a 14-day cycle — no bank transfer, PayPal or direct crypto payout alternative reported.
- Not a regulated financial entity itself: accounts are simulated evaluation/funded environments, and funded-account agreements are with a separate entity, Forest Park FX LTD, under terms reviewers flag as giving the firm broad discretion to change conditions.
- Reviewers describe thin educational content and a fairly basic trader dashboard compared with larger competitors.
Nordic Funder FAQ
Is Nordic Funder legit?
Nordic Funder is a real, operating prop firm founded in 2021 and based in Sweden, with a named execution-broker partnership (Scandinavian Capital Markets) and a five-year track record. It is not a scam in the sense of having no real operations, but its Trustpilot rating has cooled to roughly 3.2 out of 5 amid a recent run of complaints about withdrawal rejections and support responsiveness, so read current reviews before committing.
What evaluation programs does Nordic Funder offer?
Four main routes: a one-step FX/CFD Challenge (10% target), a two-step Challenge (10% then 5%), a three-step Challenge (5% per phase), and an Instant Funding Lite program that skips the evaluation for a flat fee. It also runs separate one- and two-step crypto tracks and a one-step equities track with different targets and leverage caps.
What is Nordic Funder's profit split and payout schedule?
The base profit split is 80%, upgradeable to 90% via a paid add-on. Payouts run on a 14-day cycle with a 2% minimum withdrawal, processed through a single payout method (the Rise platform).
Is Nordic Funder regulated?
No. Nordic Funder itself is not a regulated financial entity — accounts are simulated evaluation and funded environments, and funded-account agreements are signed with a separate entity, Forest Park FX LTD. Trade execution runs through a partner broker, Scandinavian Capital Markets, but that partnership does not make Nordic Funder's own challenge/funded programs a regulated financial product.
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