Nova Funding's advertised numbers look competitive — a big profit split and affordable fees. But a closer look reveals a firm with a significantly more mixed reputation than its marketing suggests. Here's the full, honest picture.
What Is Nova Funding?
Nova Funding is a forex prop firm offering evaluation challenges with a tiered profit split. It markets standard-sounding accounts and competitive splits, but it has also gone through name and platform changes, which is worth knowing before you commit money.
How the Evaluation Works
Nova Funding uses a conventional two-phase (or similar) evaluation structure:
- A profit target you must hit without breaching drawdown rules.
- Daily and overall drawdown limits (confirm the current numbers for your plan).
- A tiered profit split that starts lower and climbs with each payout.
The exact drawdown and target figures have varied, so always read the current terms for your specific account before buying.
The Tiered Profit Split (Read This Carefully)
Nova Funding's split is tiered, which is where a lot of confusion comes from:
| Payout | Profit Split |
|---|---|
| First payout | ~50% |
| Second payout | ~70% |
| Third payout onward | ~80% |
So the "80% split" advertised is only reached on your third payout. Your first payout is roughly half that. That's a significant detail that changes the value proposition considerably.
Fees
Challenges are priced competitively — a $50K account has been advertised around $299 (with frequent discounts). Low fees plus a big advertised split is the classic setup that pulls traders in, but the tiered reality and reputation concerns change the math.
Reputation Concerns (The Honest Part)
This is where Nova Funding differs from the established firms. Multiple independent signals point to problems:
- Low review scores: the firm has a notably low Trustpilot rating (around 2 stars in places), with many complaints.
- Payout-delay complaints: traders repeatedly report slow or denied payouts.
- Rebranding history: the firm has changed its name and platform multiple times, which is a common pattern among less-reputable operators.
None of this proves Nova Funding is a scam — some traders do report receiving payouts — but the pattern is exactly what you'd expect from a firm where getting paid is harder than it should be.
What Traders Like (When It Works)
- Low entry fees — cheap way to try a challenge.
- High eventual split — 80% by the third payout, if you get there.
- Standard account sizes — familiar $25K–$200K tiers.
Red Flags to Watch
- Tiered split that starts at ~50% — much lower than it looks at first glance.
- Payout-delay and denial complaints — the most serious concern.
- Rebranding history — multiple name/platform changes is a caution sign.
- Low review scores — significantly worse than FTMO, FundedNext, and other established firms.
Is Nova Funding Legit?
The honest answer is: unclear, leaning negative. Nova Funding appears to be a real operation, and some traders do get paid — but the low review scores, payout complaints, and rebranding history make it materially riskier than the well-established firms. If you choose to trade with Nova Funding, use a small account you can afford to lose.
Frequently Asked Questions
Is Nova Funding a scam?
It's not a proven scam, but it has a weak reputation with many payout-delay complaints and a rebranding history. Treat it as high-risk compared to established firms.
What is Nova Funding's profit split?
Tiered: roughly 50% on the first payout, 70% on the second, and 80% from the third onward. The 80% headline only applies later.
How much does a Nova Funding challenge cost?
A $50K account has been advertised around $299, with frequent discounts. Confirm current pricing.
Does Nova Funding actually pay out?
Some traders report payouts, but there are also many complaints about delays and denials. The pattern is more concerning than at reputable firms.
Bottom Line
Nova Funding's cheap fees and big advertised split are attractive, but the tiered reality (starting around 50%), weak review scores, payout complaints, and rebranding history make it a risky choice. If you want a reliable payout, stick to established firms; if you try Nova Funding anyway, use a small account.