✦ NovaTRADING
Rule book

Trading rules

Every limit below is evaluated continuously on your live equity, including open positions. Nothing is applied retroactively.

Program parameters

Evaluation steps 1–3 phases, no time limit
Profit target 2%–10%
Maximum daily drawdown 1%–5%
Maximum trailing drawdown 6%
Maximum static drawdown 1%–10%
Leverage Up to 1:3
Profit split 80%
Consistency rule 20%
Profitable trading days 3 × 0.50%
Payout cycle Every 14 days
Inactivity One closed trade every 30 days
Minimum hold 2 minutes
News window ±5 min · high impact
Tradable instruments 150 pairs · 24h volume ≥ $20M perp / $10M spot
Capital cap (all programs) $1,555,000
Limits on a new $100,000 account
Daily drawdown used0.0% of 3%
Floor $97,000.00 · resets 23:00 GMT+3
Max drawdown used0.0% of 6%
Floor $94,000.00 · locks at $100,000.00
Consistency score0.0% of 20%
Checked when you request a payout
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Rules by program

Every program trades crypto only, with no time limit. Sprint and Classic use a static drawdown and one upfront price.

Compare sizes and prices →
Crypto
Sprint
Classic
Junior PM
Classic
Senior PM
Classic
Executive PM
Account sizes
$10K–$150K
$10K–$100K
$5K
$10K–$100K
$250K–$1M
Price
$8.88 + $80.12–$980.12 after pass
$49–$439 one-time
$48 one-time
$85–$549 one-time
$749–$2,999 one-time
Phases · targets
1 · 6%
1 · 2%
1 · 10%
2 · 5% → 8%
3 · 6% → 8% → 10%
Daily drawdown
3%
1%
3%
5%
3%
Max drawdown
6% trailing
1% static
6% static
10% static
6% static
Profitable days per phase
—
—
3
3
3
Leverage
1:3
1:1
1:1
1:1
1:1
Profitable days for payout
3
—
3
3
3
Consistency (funded)
20%
—
—
—
—
First payout
14 days after first trade
Instant
14 days after first trade
14 days after first trade
14 days after first trade
High-impact news
Restricted
Allowed
Restricted
Restricted
Restricted
Refuel window
30 days
—
—
—
—
Capital cap per trader
$150,000
$100,000
$5,000
$100,000
$1,000,000
Profit split
80%
80%
80%
80%
80%

Every program is evaluated in phases with no time limit: Crypto has one phase (6%); Sprint has one phase (2%); Junior PM has one phase (10%); Senior PM has 2 phases (5% → 8%); Executive PM has 3 phases (6% → 8% → 10%). Each phase runs on its own account that starts from the full account size, and the next phase opens automatically on a new account as soon as a phase is passed. Your dashboard shows which phase you are on, for example "Phase 2 of 3". A phase is passed when your counted closed profit reaches its target, all positions are closed and - on Junior PM, Senior PM and Executive PM - you have at least 3 profitable trading days in that phase.

Your daily limit is 3% of the higher of your account balance or equity at the daily reset (23:00 GMT+3). That value anchors the following trading day. If your equity, including unrealised profit and loss, falls below the resulting floor, the account is breached and its open positions are closed. For example, a $100,000 account holding $101,000.00 of equity at the reset has a $3,030.00 limit and a floor of $97,970.00 for the next day.

On the Crypto program, the maximum drawdown trails. The floor starts 6% below your initial balance and rises with each new high in your closed balance. Once your closed balance is 6% above your starting balance, the floor locks permanently at your initial balance and never moves again. On a $100,000 account the floor starts at $94,000.00 and locks at $100,000.00 once your closed balance reaches $106,000.00. Equity below the floor breaches the account.

On Sprint, Junior PM, Senior PM and Executive PM the maximum drawdown is fixed below your initial balance and never moves, whatever your profit. For example, a $100,000 Senior PM account has a 10% maximum drawdown, so its floor is $90,000.00 for the life of the account. Equity, including open positions, below the floor breaches the account.

A trading day qualifies when the combined net profit of every trade closed that day reaches at least 0.5% of your initial balance — $500.00 on a $100,000 account. Fees are deducted. Days run from one 23:00 GMT+3 reset to the next and do not need to be consecutive; 3 are required before a payout.

At the moment you request a payout, your best single day’s profit must not exceed 20% of your total accumulated profit. If it does, keep trading until the score falls back within the limit. With $6,000.00 of accumulated profit, no single day may exceed $1,200.00. Both are counted since your last payout. The consistency rule applies on Crypto; Sprint, Junior PM, Senior PM and Executive PM have none.

A position closed less than 2 minutes after it was opened is a micro-duration trade. Its profit stays on your balance, but it is automatically left out of your profit target, profitable trading days, consistency score and withdrawable profit. Its losses count in full and the drawdown limits apply as usual. Such trades are marked "<2 min" in your dashboard and trade history. Every fill is timed on its own: size added to a position must also be held two minutes before its profit counts.

High-impact news trading is restricted on all Nova programs except Sprint. You may not open, increase, fully close, or partially close a position within five minutes before or five minutes after a high-impact news event. During the window the terminal refuses orders that would open, increase or close a position, and pending limit and stop entry orders wait until the window ends. Stop-loss, take-profit, liquidation and rule-driven closes still execute, so your account stays protected. The profit of a take profit, trailing stop or reduce-only limit that fills inside the window does not count toward your profit target, profitable days, consistency or withdrawable profit; stop losses and liquidations are not affected. Positions opened before the restricted window may remain open through the event. However, they may not be fully or partially closed during the restricted window. Profits from trades that break this rule may be removed, and repeated breaches may lead to restriction or closure of the account. The official source for high-impact events and their timing is the economic calendar in your Nova dashboard. High-impact events for USD count.

Your first payout can be requested 14 days after your first trade on the funded account - on Sprint as soon as the funded account has withdrawable profit. After that you can request a payout every 14 days, counted from your previous request. Profitable days and consistency are counted since your last payout, each payout needs no open positions, a verified identity and two-factor authentication, and you keep 80% of the withdrawable profit.

Funded accounts are issued only to traders whose identity has been verified. On Crypto you pay the activation fee once verified. On Sprint, Junior PM, Senior PM and Executive PM the price already covers the funded account: when you pass the final phase the evaluation waits for your verification, and the funded account opens automatically as soon as it is approved.

Each program limits the starting capital one trader may hold on it at once (Crypto $150,000; Sprint $100,000; Junior PM $5,000; Senior PM $100,000; Executive PM $1,000,000), and your accounts across all programs are limited to $1,555,000. Active and passed accounts and unfinished checkouts count toward both; a purchase that would go over a limit is refused at checkout.

Close at least one trade every 30 days. An account with no closed trade for longer than that - holding an open position does not count - is dormant and is closed.

Each leveraged futures position carries an estimated liquidation price based on its leverage and a 0.5% maintenance margin — at 1:3 it sits about 32.8% from the entry price. If the mark price reaches it, the position closes automatically. Spot holdings are unleveraged and are never liquidated. Liquidation does not itself breach the account, but the resulting loss counts toward both drawdown limits.

Market orders cross the spread: buys fill at the live ask and sells at the live bid, taken from the Binance feed at the moment the server receives your order. Large orders fill across the live Binance book at the volume-weighted price: an order bigger than the size at the best price takes the next levels too, and a limit order only takes levels within its price (IOC cancels the rest, GTC keeps the rest working). An order that opens or adds to a position is refused if it is larger than the book shows within 1% of the best price; closes, stop losses and liquidations always execute. The ticket shows the estimated fill price, the slippage and the maximum size near the market before you send. Only USDT-quoted markets can be traded, with leverage up to 1:3 on futures. No trading commission is charged on crypto — the spread is the only cost. 150 crypto pairs are tradable (Binance USDT perpetuals with at least $20M and spot pairs with at least $10M of 24h volume, reviewed daily, always including BTC, ETH, XRP and SOL); other markets are view-only, and a pair that leaves the list is close-only until its open positions are closed. Funding shown for reference; Nova does not charge funding.

Fees, refunds and rewards

How refunds, restarts, discounts and loyalty credits work. The Terms have the full wording.

Read the Terms →
14D 14 days
14-day refund
You can ask for a purchase to be refunded within 14 days of paying for it, as long as no trade has been placed on the account it bought and that account has not breached. Our team reviews every request; an approved refund is returned through Binance Pay and the account is closed. Trading on the account is paused while the request is open.
RF 30 days
Refuel
A funded account breached by the daily or trailing drawdown rule can be restarted as a fresh funded account by paying the activation fee again ($640.12 on the $100,000 program) within 30 days of the breach. Balance, drawdown levels, profitable days and payout cycle all start over. Use it as often as you need; it is not offered for accounts closed for inactivity, by our team or for a terms violation, or on Sprint, Junior PM, Senior PM and Executive PM.
% Before payment
Discount codes
A discount code may be limited to certain programs or fees, to a first purchase, to a number of uses and to set dates. Apply it at checkout before you pay: it cannot be added to a purchase afterwards and has no cash value.
CR 1 credit = 1 USDT
Loyalty credits
Each credit takes 1 USDT off a program fee. Convert credits into a single-use coupon that only you can apply at checkout. Credits expire at the end of the month after they were issued, and a coupon made from them keeps that expiry. Credits have no cash value and cannot be transferred or sold.
REF 50% · max 100
Referrals
When a friend who signed up through your invite link completes their first paid purchase, you earn credits worth 50% of what they paid, up to 100 credits. The credits are added once that purchase can no longer be refunded, 14 days after payment, and are withdrawn if it is refunded first. Self-referral, extra profiles and automated referrals are prohibited.
PAY 1 credit per 1 USDT
Payouts as credits
Instead of a transfer, you can choose to receive an approved payout as loyalty credits at one credit per 1 USDT. Credits received this way follow the loyalty credit rules and cannot be turned back into a transfer.
3RD Third payout
Platform fee back
The platform fee ($8.88) is refunded together with your third successful payout from a program, counting payouts from its Refuel accounts; on Sprint, Junior PM, Senior PM and Executive PM the one-time price comes back the same way.
1X $48–$2,999
One-time price
Sprint, Junior PM, Senior PM and Executive PM are bought with a single price that covers every evaluation phase and the funded account. There is no activation fee: the funded account opens once you pass and your identity is verified.
95% +25%
Add-on: 95% profit split
Optional at checkout on the Junior, Senior and Executive Portfolio Manager programs for 25% of the program price. It raises your profit split on the funded account to 95%. An add-on is bought together with the program at checkout - it cannot be added later - and applies to every phase, the funded account and any Refuel account of that program. Add-ons are part of the purchase price: a discount code applies to the total, and a refund under the 14-day rule returns the whole payment, add-ons included. The platform fee or one-time price refunded with a later payout is the program's own price only: add-ons are not refunded then.
5D +15%
Add-on: Payouts every 5 days
Optional at checkout on the Junior, Senior and Executive Portfolio Manager programs for 15% of the program price. It shortens the payout cycle to 5 days, the first cycle included. An add-on is bought together with the program at checkout - it cannot be added later - and applies to every phase, the funded account and any Refuel account of that program. Add-ons are part of the purchase price: a discount code applies to the total, and a refund under the 14-day rule returns the whole payment, add-ons included. The platform fee or one-time price refunded with a later payout is the program's own price only: add-ons are not refunded then.

Order types

How each order triggers and fills. Every fill is simulated at Binance's live best bid or ask.

MKT Taker
Market
Fills at once at the best ask when you buy and the best bid when you sell. A size larger than the best level fills across the live book at the volume-weighted price; a new position larger than the book within 1% of the best price is refused.
LMT GTC · IOC · post-only
Limit
A buy fills when the ask reaches your limit, at the lower of the two; a sell when the bid reaches it, at the higher. A limit that can fill on arrival takes the ask or bid as a taker, and only the book's levels within its price: IOC cancels the rest, GTC keeps the rest working at your limit. Good till cancelled by default; IOC fills now or expires; post-only is refused if it would fill at once.
STP Triggers on the side it trades
Stop and take profit (market)
A buy stop triggers when the ask rises to the trigger, a sell stop when the bid falls to it; a take profit the other way round. It then fills at the ask or bid. A trigger that is already reached is refused.
S/L Trigger, then limit
Stop limit and take-profit limit
Triggers like a stop or take profit, then places a limit at your limit price: if that can fill it takes the ask or bid at once, otherwise it rests as a limit. IOC expires instead of resting; post-only expires instead of taking.
TRL 0.1-5% or a distance
Trailing stop
Closes or reduces a position. A sell trailing stop follows the highest bid since it activated (at once, or when the bid rises to your activation price) and fires when the bid falls back by your callback rate or distance; a buy trailing stop follows the lowest ask. It fills at the bid or ask. You can change its callback rate or distance, and its activation price until it activates; the new trail is measured from the high or low already reached, and a change that would fire it at once is refused.
OCO One cancels the other
OCO and brackets
An OCO puts a take-profit limit and a stop on an open position or holding. Whichever fills first cancels the other in the same step, a partial close shrinks both, and cancelling one cancels both. A take profit and stop loss attached to a limit or stop entry are set on the position when it fills, and can be moved or removed while the entry waits (each must stay on its side of the entry price); cancel the entry and nothing is left.
R/O Never adds
Reduce-only and partial closes
Reduce-only orders only shrink a position and are trimmed or cancelled when it shrinks or closes. Stop loss and take profit close a long at the bid and a short at the ask. A partial close is rounded down to the step size; if what is left would be below the minimum order value, the whole position closes.
5s Stale-quote protection
Live prices only
Nothing fills or triggers on a quote older than 5 seconds - an order waits for a live book instead. During a high-impact news window (programs with the news rule) new orders are refused and resting entry orders wait until it ends; stop loss, take profit and reduce-only exits still execute.

Prohibited practices

Every account must reflect genuine, individual speculation: your own decisions, made and operated by you, the verified account holder. The following practices are prohibited on every program.

✕ Execution abuse and technical exploitation High-frequency trading, tick scalping and repetitive micro-duration trading; latency arbitrage and exploiting stale prices, delayed feeds, display errors or platform bugs. Example: Opening and closing dozens of positions within seconds to catch price ticks, or entering on a price you know is out of date.
✕ Hyperactivity and server spam Excessive order submission, modification or cancellation, and any activity meant to load or slow the platform. Each account can send at most 5 order actions a second, 60 a minute and 2,000 a day - placing, moving or cancelling an order (a cancel counts as half) - and hold at most 100 working orders, 20 on one instrument. Requests over a limit are refused until it refills; closing positions (including a market order that only reduces one) and stop-loss or take-profit changes are never limited. A reduce-only order that waits on the book counts like any other order. Example: Placing and cancelling hundreds of orders a day without trading them, or dragging an order back and forth to probe the book.
✕ Hedging and cross-account positions Hedged, reverse or opposite positions across different accounts - for example a futures long on one account against a futures short on another, or a spot holding against a futures short - including with other traders. Example: Buying BTC on an evaluation while shorting the same size on a funded account, so one account profits whatever the price does.
✕ Coordinated and copy trading between people Copy trading or mirrored execution between different individuals (family members, relatives and friends included), group trading, and signal copying or entries and exits dictated by someone else. Example: Two traders opening opposite positions at the same moment, or following a signal group's entries within seconds.
✕ Grid, martingale and recovery trading Grid trading, martingale or anti-martingale escalation, and increasing size or exposure after losses primarily to recover them. Example: Doubling the position after every losing trade, or a ladder of buy and sell limits at fixed price steps.
✕ News and event exploitation Trading inside the restricted high-impact news window on programs where it applies, and straddling, bracketing or volatility-sniping around scheduled events. Example: Placing a buy stop and a sell stop just before a rate decision so one of them fills on the move.
✕ Program gaming and payout-metric manipulation Rolling exposure across accounts, using accounts as disposable payout-extraction units, sequencing all-or-nothing risk across accounts to harvest payouts statistically, non-sustainable risk-reward patterns, and splitting or re-timing positions to disguise the size, risk or concentration of one trade idea. Example: Sizing each trade so that a move of well under 1% would breach the account, and buying a new account whenever one breaches until one of them passes or pays out.
✕ Multiple profiles and identity abuse Shared or joint accounts, duplicate or additional registrations, trading on behalf of others and trading under another person's identity, and circumventing geographic, technical, identity or security restrictions. Example: Opening a second profile in a relative's name, or letting someone else trade your account.

What is allowed

✓ Your own strategy and decisions Manual discretionary trading in any style, session or instrument we offer.
✓ Copying between your own accounts Copying trades between Nova accounts registered to you is allowed.
✓ Risk and trade-management tools Stop loss, take profit, trailing stops, OCO brackets and position sizing - you remain the originator of every decision. Nova has no trading API, so expert advisors do not apply.
✓ Holding through news Positions opened before a restricted news window may be held through the event, and their stop loss and take profit still execute.
✓ Opposite positions in one account Not possible: each account holds one net position per market, so an opposite order reduces or flips it.

If you cross the line

  • 01A risk review or a request for information, verification or an interview
  • 02A warning
  • 03Removal of the affected profits, or their exclusion from payouts
  • 04A repeat of the evaluation
  • 05Payout holds and payout denial
  • 06Suspension of trading or payout eligibility
  • 07Breach and closure of the account (not refuelable, not refundable)
  • 08Closure of the profile and refusal of future services
Consequences depend on the severity, repetition, evidence and context of each case: some conduct triggers a review, clear cases may lead to immediate action, and you are not guaranteed a warning first. A previous payout never means a practice was approved. Every payout request is reviewed, and a payout is held while a review of your activity is open. Profit from trades closed within two minutes of opening is already excluded automatically.
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