Begin your mission by selecting one of the Trading Evaluation Package. Click “Get Started” under the account size that you would like to participate in. You will be then add the package to the Cart, where you can finalise the purchase. Once you purchase the package and insert all the required information, you will be emailed your login credentials for both the Dashboard and the cTrader trading account.
From there, you will be able to sign in the Moonance dashboard, where you will be able to see the purchased package and get more information regarding your trading account. Remember to read through our FAQ for the specific trading objectives and rules before beginning.
Moonance LLC is our premium broker partner and your funded account will be hosted and managed by them.
The technology provider that we partner up with for all simulated accounts on our platform is Moonance LLC. Funded Capital acts solely as an evaluator through a demo evaluation. Any simulated trading activity forgoing into the funded stage executed by a trader is provided through Moonance, a 3rd party technology provider based in St Vincent and the Grenadines.
Traders who sign up for traditional forex prop firms are not given real capital to use in their Trading platforms, being MetaTrader or cTrader.
When a trader reaches the “experienced trader” stage of the programme, they begin trading in a simulated stage, for which they are rewarded commissions in exchange for positive performance during this level of the programme that is aligned with the programme rules. During this stage, the trader is rewarded commissions for trading successfully.
While a performance commission is paid to a paper trader during the “experienced trader” stage, the trade data of experienced traders can be monetized and used for further benefit by copy trading the data into Funded Capital’s very own fund. This can be done while the performance commission is still being paid to the paper trader. This makes it possible for the trader to provide an offering to the company in the capacity of “data analyst,” making them eligible to receive commission payouts of 50%, 70%, or 80% while providing such services to Funded Capital. The exact percentages will vary depending on the value of each trader’s trading data, which will be determined by performance and regular commission payouts.
This trade data is then sent off to our offshore entity in which live trading can be legally conducted.
Funded Capital it is merely intended to serve as a “evaluator” and provides traders who provide a simulated service as data analysts with access to commission-eligible paper trading accounts.
After successfully completing the evaluation phase and reaching the “experienced trader” level, market conditions are made available by a third party price provider called Moonance LLC. Traders can use these market conditions to advance their careers, increase their knowledge, and earn commissions based on their performance in the market.
There will be times when we will refer to the “experienced trader” stage as the “funded” stage. Please take into consideration that any reference to a “funded” stage refers to a funded paper trading account with simulated live conditions.
Forex prop firms are typically established on the principle of gamifying trading by means of a software that rewards traders under simulated market conditions. Despite the fact that the simulated market is based on the same basic idea as the real market, the real market offers significantly greater potential rewards.
You will not be able to withdraw or add additional funds in your trading account held with Moonance LLC.
Trader Timeline:
1.) You start an evaluation.
2.) Successfully complete the evaluation by achieving the target profit of 8% managing a drawdown of 4% per day and 8% overall. There is no time limit for you to pass the challenge. You will be able to immediately begin the process of upgrading once the 8% profit target have been met if you follow the steps below.
3.) On your Moonance dashboard, you will need to upload your KYC documents (Proof of Identity and Proof of Address) in order to advance to the Experienced Trader Stage.
4.) Once profits are generated, you can contact our customer support and share the Withdrawal information (Bank Wire or Crypto Address).
5.) The credentials for a Paper Trading Account that is eligible for Commission will be sent within 48 hours of Completing KYC
6.) The Trader enters the Experienced Trader Stage and begins trading.
8.) The beginning of payouts for commissions. After 21 trading days from the first day of trading on your experienced trader account, you are eligible for the first payout.
Important: After you have successfully passed your evaluation and have provided your KYC documentation, make sure to contact our customer support team and give the details of your payouts.
After everything has been sent in, the credentials for your experienced trader account will be sent to you within the next 48 business hours.
After the evaluation stage is finished, and before our traders advance to the experienced trader stage, we require a KYC/AML screening to verify your identity. This must be done before they can move on to the next stage.
The Know Your Customer procedure requires a photocopy of your identification document or passport, and a proof of address (utility bill or bank statement). As soon as your identity has been confirmed, you will be promoted to the experienced trader stage. This is the level at which you become eligible for commission-based payouts.
When a trader finishes the evaluation stage and finishes the KYC process, their commission-eligible account is sent and enabled within 48 business hours of the trader’s completion of both of those processes.
Base leverage on all simulated accounts for Forex pairs is set at 1:100 with Moonance, during the evaluation as well as the experienced trader stage.
Leverage can vary depending on the asset traded, please have a close look at the contract sizing provided by the price provider before placing a trade.
Every single trader is given an unlimited amount of time to pass the evaluation. As soon as the 8% profit target has been reached, you will be able to begin the process of upgrading your paper trading account into a “experienced trader” commission eligible account in as little as one trading day. The evaluation phase lasts as long as your trading strategy permits.
A 8% increase from the account’s opening balance is used as the basis for calculating the target profit for the 1-Step evaluation. For instance, if you started with a balance of $100,000, your goal for profit would be to reach $8,000. During the stage where one is considered an experienced trader, there is no profit target.
Each and every payout is handled through cryptocurrency.
When it comes time for traders to become eligible for commission payouts, they will have the choice to receive performance commission payouts on either the Bitcoin Network (BTC) or the ERC-20 Network (USD-T).
Please keep in mind that weekends and holidays are not counted as part of the processing time for payout requests. Payouts are processed, reviewed, and sent to the trader within one to three full business days of receiving the request.
You will be communicated via e-mail once the required number of calendar days have passed in accordance with your payout schedule. After you provide your payout information, your account as an experienced trader will be subjected to review, and you will subsequently receive an email from us confirming the commission payout.
If you have any trouble do not hesitate to contact us via live chat or e-mail.
You are free to use any trading strategy you like on our simulated accounts, whether you are a fan of Support/Resistance, Candlestick Patterns, EAs, Supply/Demand, or Smart Money Concepts.
We are aware that the most successful traders in the world come from a variety of backgrounds and employ a variety of trading strategies.
Although we do not enforce any restrictions during the evaluation stage, it is prohibited to use any of the following strategies or approaches during the experienced trader stage, and doing so will be subject to review:
When it comes to the various methods of trading that you are permitted to employ while participating in the programme, we intend to give you as much leeway as is humanly possible. The aforementioned trading strategies are not allowed during the funded stage because they either cannot be replicated in the live market (which could result in the creation of toxic data in the event that we send your orders offshore for potential data monetization), are only successful under demo conditions, or are intended to game the system.
If you have questions regarding your EA compatibility with cTrader (our chosen trading platform), please contact our customer support.
Through our credit card and debit card processor, you will be able to purchase an evaluation. In addition, you have the choice to pay with a cryptocurrency such as BTC, USDT, ETH, or USDC when making a purchase. At the checkout, you will see options to pay using both your credit card and your coinbase balance.
When purchasing an evaluation with cryptocurrency, you should wait up to half an hour for your payment to receive multiple confirmations from the blockchain. When your participation has been validated, our system will send your credentials for the challenge via email.
In the event that the email does not appear in your primary inbox, please ensure that you check the spam or junk mail folder.
In the unlikely event that you do not receive your credentials within the next sixty minutes, please contact our support team via live chat or email, and we will ensure that you are set up correctly.
Please contact us at [email protected].
Be certain that all open positions have been closed, and check that the challenge account shows a gain of at least 8% while you continue to adhere to all of the other challenge parameters. At this point, your challenge will be marked as “Complete” and you will be able to move on.
When you have successfully completed the challenge, our system will automatically generate the experienced trader stage for you. You will be required to submit your KYC before moving on to the next stage.
After these documents have been submitted, it will take maximum 48 business hours before your experienced trader account will be activated so that you can begin trading. This will be the paper trading account that is eligible to receive commission payouts when it is activated.
Whether your a fan of Support/Resistance, Candlestick Patterns, EA’s, Supply/Demand or Smart Money Concepts, you are free to use it on our simulated accounts.
The most successful traders in the world all have different strategies/backgrounds, and we understand that.
Although we enforce no restrictions during the evaluation stage, using the following strategies/approaches during the experienced trader stage is prohibited and will be subject to review:
We want to be as open as possible when it comes to the trading styles that you can use while undertaking the program. The strategies above are prohibited during the experienced trader stage as they either cannot be replicated into the live market (Toxic data in the event that we send your orders offshore for potential data monetization), thrives on demo conditions only, or because they are designed to game the system.
The maximum amount of commission eligible buying power that a trader can unlock during the experienced trader stage is currently $200,000.
The 4% Max Daily Drawdown is originally and firstly based on your initial account balance at the reset time, before any trades are executed.
This resets each day at 00:00PM Market Watch Time. (5:00PM EST)
Secondarily, this metric is also calculated by the highest equity point.
Be sure not to go 4% lower than the initial balance at reset time, or 4% lower than the highest equity point in one day.
Attached below is the counting formula that our system uses in order to determine drawdown amounts.
Counting formula:
Highest balance or equity of the day (whichever is higher) – current equity.
The 8% Maximum Total Drawdown is also a trailing metric of the account balance and equity.
Example: If you start with a $100,000 account, your maximum loss level will be set at $92,000. If your account balance or equity reaches $108,000, your trailing drawdown meter will be set at $100,000. The trailing drawdown will always trail the highest balance or equity by 8%.
It is at the traders discretion to manage risk according to these rules when trading our funded accounts. A violation of these drawdown rules will result in a loss of the funded account.
Each trader will readily have access to their maximum daily and total drawdown levels on their dashboard at all times. Although keeping an eye on your balance is important during the “experienced trader” stage, it is also important that your equity swings do not meet a 4% difference in one day, or an 8% difference in total.
Payout 1: Your first payout will be 21 calendar days from the first trading day on your experienced trader account. Performance Commission: 50%
Payout 2: After your first payout, you will be provided with a new “experienced trader” simulated account. You can proceed trading and become eligible for your second payout 21 days later. Performance Commission: 70%
Payout 3: Once the third payout is reached, you will now be provided with a new account once more. You now have access to bi-weekly payouts in exchange for your simulated performance. Performance Commission: 80%
A trader will be eligible to receive new accounts with an 80% commission amount every 14 days. If your account is in drawdown at any of the above eligibility dates, you can simply continue trading your account until you are eligible.
All payouts are performance commission while trading a simulated market environment.
1.) The first thing to note, it that require our traders participate in 5 minimum trading days for each withdrawal. Notably, executing 0.01 lot positions or employing placeholder trades of short duration falls short of meeting the criteria for a valid trading day during the funded stage. The process is straightforward: Trade according to your normal strategy for 5 separate days
2.) Lot Size Consistency Range Rule (HFT Passers Only)
Your average trade size calculated at the time of your payout review is used to calculate a trading range. The range is determined by adding 100% to your average trade size to determine the maximum value and subtracting 75% to determine the minimum value. If your average trade size was 20 Lots. This means that any trades that fall within the range of 5 to 40 lots would be considered consistent with your strategy.
Trades that are inconsistent with the trading range are subject to review/deduction from total profit split. The lot size consistency range calculation is determined by all closed orders on an account from the first trade into the requested withdrawal date. Your average trade is a final number which is calculated once a payout is requested.
To calculate your average, divide the total lot volume traded throughout the period by the total number of closed orders. After finding your average, simply multiply by 0.25 and 2.00 to find the bottom and top of your consistency range. Please note that partial orders will be treated as separate orders for the consistency calculation, as the metric is based on closed orders. The consistency calculation occurs during the time of your payout request. The consistency rule applies to the funded stage, only being applicable to traders who pass the challenge via HFT bots.
Lot Size Consistency Range Calculation:
Total Lot Volume Traded/Trades Executed: Lot Size Average
Lot Size Average x 0.25: Bottom Of Consistency Range
Lot Size Average x 2.00: Top Of Consistency Range
The reason for the consistency rule is due to allowing HFT bots during the evaluation stage. This is a way for us as a prop firm to manage up-front risk of such systems while providing the trader with a specific blueprint to follow during the experienced trader stage.
To avoid any confusion, the lot size consistency range only applies to traders who utilize HFT to pass the evaluation stage, due to such systems possessing the ability to access the experienced trader stage at exceedingly high rates.
Being that the success rate is higher than usual with these systems, it is required for us a prop firm to enable this type of rule to manage risk.
If a trader passes their evaluation without the assistance of HFT bots, there will be no limit on the size of any payout that is requested.
If a trader utilizes HFT during the evaluation stage at any point in order to assist with passing, the funded account profit split will reach its limit once a trader has gained 6% from the starting balance of the account. Any positive trading after the 6% gain from the initial balance will not be eligible towards your profit split. Gaining beyond 6% will not break any rules, however these virtual profits would not be included if you have passed with HFT.
For example, if you trade continuously for up to $12,000 profit on a 200k account. The profit split will be based on any virtual profits generated up to this point. You would receive 50%, 70%, or 80% of the numeric value ($12,000 in this case) of the 6% profit on your funded account starting balance.
The 6% maximum gain per payout applies based on the starting balance of the account, and resets after each payout.
This has been introduced to maintain longevity while accessing the community feedback of keeping HFT around for the long term. This allows HFT passers to regularly receive payouts without issues and prevents traders from being prone to attempting high risk activities such as full margining before news or shooting for the moon with gambling-like approaches. Giving traders the sole focus of consistent payouts leads to higher quality trade data for us to access. Longevity is our focus.
Maximum allocation of virtual funding has been increased to 400k, allowing large payouts to remain a consistent opportunity for the trader. As maximum allocation of virtual funding is $400,000, the maximum gains able to be formed into a profit split at one time would be $24,000, which is still rather favorable. This would be done through a simultaneous gain of 6% on two separate 200k accounts.
All traders must be at least 18 years of age to sign up with Nova Funding.
For each payout, expect minor transaction fees ranging from 1% to 2% for each cryptocurrency payout transaction. These fees are applied by the cryptocurrency exchange during the process of acquiring the digital assets designated for your payouts.
All accounts are provided through the cTrader platform via Moonance LLC. You can trade simulated accounts on your PC, Mac, or Mobile device.
With the 1-Step Program, you may hold over the weekend during the evaluation phase. You cannot hold over the weekend during the experienced trader stage. You can hold max up to 20% of your equity over the weekend.
However, you have the choice to contact us for an individual request of holding your trade over the weekend on your experienced trader account. Simply email our support team at [email protected] or get in touch with live chat on Whatsapp before Friday at market close.
Explain that you would like a “Hold Through Weekend Request“. The team will have a look at the trade and potentially grant you access to hold the simulated-market position through the weekend depending on the individual trading style being used.
After signing up for the evaluation. You will receive a notification from us via email within minutes.
If you do not receive an email, check your spam/junk folder.
If you do not have your credentials within 60 minutes nor are they on your dashboard, please contact our live chat support and we will assist you.
We cannot accept traders from Iraq, North Korea, United States.
You can purchase an evaluation through credit/debit card as well as crypto.
If you need assistance during any time throughout your funding journey with us, you can contact live support on our website via Whatsapp, or email us at [email protected]
After the payment of your evaluation plan is officially confirmed, you will receive an email with the login details to access your evaluation. Once this information is emailed to you, the sale will be final and no refund will be issued due to the instantaneous nature of the program.
For our 1-Step Challenge, traders are paid purely based on their simulated performance during the experienced trader stage. We do not provide refunds after evaluations are passed.
At this time, there are no restrictions towards the trading style you use during the evaluation stage. If it works on our servers, you can use it. However, to find more information on the strategies that are not allowed on during the experienced trader stage, you can check above at “Which Trading Styles Do We Accept on this program?”.
At this time, simulated crypto trading during the weekend is not available for our 1-Step program.
Yes, the use of trader copiers to copy your own personal trades onto your simulated live account with Funded Capital is permitted. You may use your Funded Capital account as your master account, or copy trades over to it from your other trading accounts.
When using a copy trader, be sure that identical orders are not placed within identical time intervals as other traders on our platform. This can occur through the use of widespread EA’s, account management services, and 3rd party signals. Any form of consecutive identical orders through two or more users on our platform will lead to a violation. This trade copying policy applies to the funded stage only.
EA’s are enabled, however we do recommend you use a unique set file or confirm that no other traders are using the same EA on our servers. This will prevent our system from picking up any form of matching orders.
To keep the process fair, Funded Capital offers one warning for the first occurrence of a trader violating trade copying rules and a deduction of any profits while copying other users on our platform. With the second occurrence of copy trading from other users on our platform, a violation will be issued. It is important that your simulated trade data is entirely unique.
Once a performance commission payout is requested, your account will be placed into the status of “In Review”, this can be visible on your dashboard. During this time, please refrain from taking any further trades until your commission payout is completed and or finished with the necessary review process.
Any simulated trading account associated with your name must be traded by the account owner registered with our platform. Using any form of “Live Simulated Account Management” is prohibited as this is not what Funded Capital is looking for as a firm. Allowing a 3rd party service to trade the program on your behalf will end in a breach of your account.
There are zero hidden rules with us. Anything you need to know will be always be displayed here in the FAQ.
We understand that gamifying the experience of trading is unique, so if something doesn’t seem clear, or you are unsure about a certain aspect of our program, you can reach out to support and we will take care of you.
There are only 3 ways to lose a account.
The reason an account can be terminated after 30 days of inactivity is to prevent any vacant accounts from being in our system. If it is required for you to go through a prolonged period of inactivity, you can let the team know ahead of time and we will make sure your account is secure. You can also update our team anytime before the 30 days with the reason for inactivity, and this will violation will not apply. An account can also be terminated if continuous copy trading or account management warnings have been issued.
The use of HFT EA’s on our 1-Step Evaluation will be available for a limited time.
The most popular request we have received, by far, leading up to launch, has been to enable the use of HFT EA’s during the evaluation stage. As a result, our team has custom built our simulated trading program to sustain longevity while having higher passing rates than most firms.
We have seen other firms introduce HFT usage with extremely high profit splits. Although this may look pleasing to the trader, the main question is how well can something of that nature be sustained.
Our commission payout structure of 50% during the first month may be lower than what you’ve commonly seen. However, we much rather execute our own business model at a high level, and offer our traders a great experience (Fast payouts, High Score Bonus Prizes, Giveaways), rather than creating something that cannot be sustained long term.
Prior to utilizing an Expert Adviser (EA) during the experienced trader stage, it is advisable for the trader to ascertain that the EA or trading style being used does not fall into any of the following categories. We suggest that traders consult with the developer of the EA they plan to use before continuing with its usage during the experienced trader stage. Below, we have provided the name and definition of the strategies to which attention must be paid if intending to use an EA on this program.
Grid Trading Or Grid Trading EA’s: Grid trading is when orders are designed to be placed above and below a set price, creating a grid of orders that increase or decrease incrementally along with the chart price.
Having 2 trades open at a time is not considered as grid trading, however, once there are 3 or more positions in the trading session with each following order stacked as the original position moves into drawdown, this classifies more towards grid trading.
The process for identifying Grid Trading most often than not follows the below-stated points:
Determining the starting price for the grid.
Choosing an interval, such as 10 pips, 50 pips, or 100 pips.
Determining whether the grid will be with-the-trend or against the trend.
Martingale
Martingale is a methodology to amplify the chance of recovering from a losing streak by constantly increasing the lot size of new trades in order to circumvent any loss taken.
This strategy involves doubling up losing trades and reducing winning trades by roughly half. Opening subsequent trades on an asset with a difference in ≈50% of the prior trade would result in martingale. EA’s which incrementally open higher lots while price moves against the direction of the orders adding up to a substantially higher lot size than the first would also classify as Martingale.
Guaranteed limit orders
Placing limit orders with SL and TP using high lot sizes around periods of high-impact news or high volume. In such a scenario, there is no guarantee that the order gets filled at the same price through live market conditions and occurrences of slippage. For example, if a trader was to place a buy stop above price, and a sell stop below price before a high impact news event such as FOMC, this would classify as a guaranteed limit order approach. This type of approach is based on entirely different outcomes each time depending on order fills, slippage, and market conditions.
To keep full transparency, the reason we do not allow Martingale or Grid EA’s is due to the fact we allow a no-restriction evaluation, meaning the use of HFT allows trader to have access to experienced trader accounts at an exceedingly high passing rate. If our program was built similar other funding programs, where traders must use true trading conditions to pass and not HFT, this would be different on our end and we would allow these types of strategies. Since a trader is offered guaranteed access through HFT, this is where the difference occurs from a risk standpoint.
Unfortunately, there are no exceptions to this as we do not allow these types of trading styles during the experienced trader stage. By purchasing an evaluation, the trader agrees that the above strategies will not be used while trading our program.
