Terms of use micro trader

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.
Maximum daily loss: Maximum daily loss for the 1-Step program is 4%. This rule can also be called “trader’s daily
stop-loss”. The rule says that at any moment of the day (EE(S)T – Eastern European Summer Time), the daily equity
decrease must not hit the predetermined limit. The counting formula: Current daily loss = Highest balance or equity of
the day - current equity. 
Both the daily drawdown and total drawdown metrics are based off of account equity. This means that
the 4% daily drawdown is not a static metric, but one that trails forward with the highest floating profit of
the day. 
For example, on a 100k simulated account, your equity based daily drawdown amount is 4% ($4,000).
If you have an open trade running with $1000 profit, but this same trade ends up being -$3000 in the
negative, this would equal a 4% change in equity thus meeting the drawdown limit of the day which
would cause a risk- limit breach.
Maximum leverage is 1:100. Available leverage depends on the chosen broker.
NOVAFUNDING TRADING Evaluation: TRADING POLICIES
NovaFunding Trading Evaluation(hereinafter referred to as “NovaFunding Evaluation”, “NovaFunding Trading
Evaluation,” “Nova Trading Solutions LLC,” “Evaluation,” and/or “we” and/or “our” and/or “us”) is operated under the
name Nova Trading Solutions LLC. Nova Trading Solutions LLC is a company registered at 8911 N. Capital of Texas
Highway Suite 4200-305, Austin, TX, 78759 . REG NO.:92-1850738. Nova Trading Solutions LLC is a company who
evaluates and recommends traders to Evaluator, the third-party Proprietary Trading company and Metaquotes
technology provider (hereinafter referred to as “Evaluator” or “Proprietary Trading Company”. All access and/or use of
our services is subject to our General Terms and Conditions and these Trading Policies (hereinafter referred to as
“Terms of Use” and/or this “Agreement”) in accordance with the terms for. For your benefit and protection, it is
mandatory for you take enough time to read and understand this entire Agreement, as well as any other additional

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information available to you on www.nova-funding.com and the Client Section (hereinafter referred to as “Website”)
prior to subscribing to any services with us and before you enroll in the Evaluationor pay any fees.
You must read, agree with and accept all the terms and conditions contained in this Agreement without modifications.
Should you not understand any part of this Agreement or any information available on the Website, you should contact
us before subscribing to the service and taking part in the Evaluation, or you should seek independent legal advice.