Terms of Use - Nova Trading

Welcome to Nova Trading. These Terms of Use ("Terms") govern your access to and use of the Nova Trading website, trading platform and related services (the "Services"), operated by Nova Trading ("we", "us"). By creating an account you agree to these Terms, our Privacy Policy and our Trading Rules.

1. The Services

Nova Trading provides skills-evaluation programs for crypto traders. All trading on the platform is simulated: orders are filled against live market data from Binance, but no order is ever sent to an exchange, no assets are bought or sold on your behalf, and no client funds are held or invested. Balances shown in trading accounts are virtual and have no cash value.

Nothing on the Services is investment, financial, legal or tax advice. Market data is provided for information only and may be delayed or interrupted.

2. Eligibility

To use the Services you must:

be at least 18 years old and have full legal capacity;
not be resident in, or a citizen of, a territory where the Services are restricted or where offering them would be unlawful. Registration from restricted territories is refused;
provide accurate information and keep it up to date;
hold only one registered profile.

3. Your account and security

You must verify your email address before purchasing a program. You are responsible for all activity under your account and for keeping your password confidential. Tell us immediately at support@localhost if you suspect unauthorised access. We may suspend accounts to protect you, other users or the platform.

4. Identity verification (KYC)

Before a funded account is issued to you and before any payout can be requested, you must complete identity verification, which includes a government-issued photo document, a selfie and a proof of address. We may request additional information at any time and may refuse, suspend or withhold payouts until verification is completed to our satisfaction. Verification decisions are made at our discretion.

5. Programs and fees

Programs. We offer the Crypto program and the Sprint and Classic (Junior, Senior and Executive Portfolio Manager) programs, all of which trade crypto only. Their account sizes, phases, profit targets, drawdown limits, prices and other parameters are shown on the Programs page and in the Trading Rules.
Platform fee and one-time price. A Crypto evaluation starts once its platform fee has been paid and confirmed. A Sprint or Classic program is bought with a one-time price that covers every evaluation phase and the funded account, and its first phase starts once that payment is confirmed. Fees and prices are shown on the Programs page before checkout.
Phases. A program with several evaluation phases runs each phase on a new account that starts from the full account size. Passing a phase closes that account and opens the next phase automatically. The phase accounts, the funded account and any Refuel accounts together form one program.
Activation fee. After passing a Crypto evaluation, a funded account is issued only once the activation fee has been paid, and the activation fee can only be paid once your identity verification has been approved. The activation fee must be paid within 30 days of passing, or the evaluation expires and you must qualify again. Sprint and Classic programs have no activation fee: once the final phase is passed, the funded account is issued automatically as soon as your identity verification is approved.
Capital limits. Each program limits the starting capital one trader may hold on it at once: $150,000 on Crypto, $100,000 on Sprint, $5,000 on Junior Portfolio Manager, $100,000 on Senior Portfolio Manager and $1,000,000 on Executive Portfolio Manager. Your accounts across all programs are limited to $1,555,000. Active and passed accounts and unpaid checkouts count toward these limits, and a purchase that would exceed a limit is refused.
Payment. Fees are payable in USDT through Binance Pay. A payment is complete only when Binance Pay confirms it to us; an unconfirmed, expired or cancelled payment does not start a program.
Refunds. You may ask for a purchase to be refunded within 14 days of paying for it, provided no trading has taken place on the account it bought and that account has not breached a rule. Refund requests are reviewed and granted at our discretion; an approved refund is returned through Binance Pay and the account the purchase bought is closed. Trading on that account is paused while a request is open. The platform fee or one-time price paid for a program is also refunded together with your third successful payout from that program, counting any Refuel accounts, provided you have complied with these Terms. Apart from these cases fees are non-refundable, including when you stop using an account, do not pass an evaluation or breach these Terms.
Refuel. If a funded account on the Crypto program is breached by the maximum daily drawdown or maximum trailing drawdown rule, you may restart it as a new funded account on the same program by paying the activation fee again within 30 days of the breach. Refuel is not available on the Sprint and Classic programs. The new account starts from the initial balance, with its drawdown levels, profitable days and payout cycle reset. Refuel can be used any number of times, but not for an account closed for inactivity, for a violation of these Terms or by us.
Discount codes. Codes may be limited to certain programs or fees, to a first purchase, to a number of uses and to set dates. A code must be applied before payment, cannot be added to a purchase afterwards and has no cash value.
Loyalty credits. One loyalty credit is worth 1 USDT off a program fee. Credits are used by converting them 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 created from credits expires no later than the credits used to create it. Credits have no cash value and cannot be transferred, sold or exchanged.
Referrals. When someone who signed up through your invite link completes their first paid purchase, you receive loyalty credits worth 50% of the amount they paid, up to 100 credits. The credits are added once that purchase can no longer be refunded (14 days after it was paid). No credits are given for a purchase that is cancelled or refunded. Referring yourself, creating profiles to earn credits or generating referrals by automated means is prohibited and leads to the loss of credits and possible suspension.
No time limit. Programs have no time limit, but accounts are subject to the trading rules below, including the inactivity rule.
Add-ons. You may add these options when you buy a program: 95% profit split (25% of the program price), which raises your profit split on the funded account to 95%, on the Junior, Senior and Executive Portfolio Manager programs; Payouts every 5 days (15% of the program price), which shortens the payout cycle to 5 days, the first cycle included, on the Junior, Senior and Executive Portfolio Manager programs. 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.

6. Trading rules

Your use of any trading account is governed by the Trading Rules published on the website, which form part of these Terms. In summary:

an account is breached if equity falls below its maximum daily drawdown level or its maximum drawdown level. The maximum drawdown trails on the Crypto program and is static - a fixed level below the initial balance - on the Sprint and Classic programs. On a breach, open positions are closed and the account can no longer trade;
an account on which no trade has been closed for more than 30 days is considered dormant and is closed; an open position alone does not keep an account active;
a position closed less than two minutes after it was opened is a micro-duration trade. Its profit is automatically excluded from profit targets, profitable trading days, consistency and withdrawable profit, while its losses count in full. Every fill is timed on its own: size added to a position must also be held two minutes before its profit counts;
on every program except Sprint, you must not open, increase, fully close or partially close a position from five minutes before to five minutes after a high-impact news event. The official source for these events and their timing is the economic calendar in your dashboard. During such a window the platform refuses orders that would open, increase or close a position and pending entry orders wait until the window ends, while stop-loss, take-profit, liquidation and rule-driven closes still execute to protect your account. The profit of a take profit, trailing stop or limit close that fills inside such a window does not count toward profit targets, profitable trading days, consistency or withdrawable profit; stop losses and liquidations are not affected. Profits from trades that breach this rule may be removed, and repeated breaches may lead to restriction or closure of the account;
only the instruments shown as tradable in the platform can be traded: Binance USDT perpetuals and spot pairs with sufficient 24-hour trading volume, reviewed daily. Other markets are view-only. An instrument that leaves the tradable list becomes close-only - open positions in it can be reduced and closed, and its pending entry orders are cancelled - until nothing is left open on it;
leverage, minimum order sizes and all other parameters are those shown in the platform at the time of trading;
fills are simulated against the live Binance order book: an order up to the size available at the best bid or ask fills at that price, and a larger one fills across the book at the volume-weighted price of the levels it takes (a limit order only at levels within its price). An order that would open or increase a position by more than the book shows within 1% of the best price is refused; closing orders, stop losses and liquidations always execute. We may correct or cancel trades affected by erroneous or stale prices. Funding rates are shown for reference only: no funding is charged or credited.

7. Prohibited practices

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

Execution abuse: high-frequency trading, tick scalping and repetitive micro-duration trading; latency arbitrage and exploiting stale prices, delayed feeds, display errors or platform bugs.
Hyperactivity and server spam: excessive order submission, modification or cancellation, or activity meant to load or slow the platform. Order actions and working orders are limited per account as published in the Trading Rules, and requests over a limit are refused.
Hedging: hedged, reverse or opposite positions across different accounts, including a spot holding against a futures short, whether the accounts are yours or another person's.
Coordinated and copy trading: copy trading or mirrored execution between different individuals, including family members, relatives and friends; group trading; signal copying and entries or exits dictated by someone else; running a strategy that is not your own.
Grid, martingale and recovery trading: grid trading, martingale or anti-martingale escalation, and increasing size or exposure after losses primarily to recover them.
News and event exploitation: trading inside the restricted high-impact news window where it applies, and straddling, bracketing or volatility-sniping around scheduled events.
Program gaming: 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 or to manipulate consistency or payout metrics.
Multiple profiles and identity abuse: shared or joint accounts, duplicate or additional registrations, trading on behalf of others or under another person's identity, and circumventing geographic, technical, identity or security restrictions.

Allowed: your own discretionary strategy; risk-management tools such as stop loss, take profit and trailing stops; copying trades between accounts registered to you; and holding positions opened before a news window through the event.

We monitor trading for these practices, and our Risk Team reviews the evidence. Depending on the severity, repetition, evidence and context, we may request information or an interview, issue a warning, remove the affected profits or exclude them from payouts, repeat an evaluation, hold or deny payouts, suspend trading or payout eligibility, breach and close accounts (such a breach cannot be refuelled or refunded), close your profile and refuse future services, or take any other action under these Terms. Clear cases may lead to immediate action without a prior warning, and a previous payout does not mean that a practice was approved. A payout is held while a review of your activity is open.

8. Funded accounts and payouts

Payouts are available only from funded accounts and only when every eligibility requirement shown in the Payout centre is met, including your program's profitable-day and consistency requirements (counted since your previous payout) and a completed identity verification.
Your first payout can be requested 14 days after your first trade on the funded account or, on the Sprint program, as soon as the funded account has withdrawable profit. Later payouts can be requested every 14 days after your previous request.
Your payout is your profit share (currently 80%) of the withdrawable profit on the account, which excludes the profit of micro-duration trades and of exits inside a high-impact news window. The withdrawn profit is removed from the account balance when the payout is approved.
Payouts are sent in USDT through Binance Pay to the Binance account you nominate. You are responsible for providing correct recipient details; transfers to details you supplied cannot be reversed.
Instead of a transfer, you may choose to receive an approved payout as loyalty credits, at one credit per 1 USDT. Credits received this way follow the loyalty credit rules above and cannot be turned back into a transfer.
Every request is reviewed. We may reject or delay a payout where we reasonably suspect a breach of these Terms, fraud or a verification issue, and will tell you why where the law allows.
Payouts are rewards for performance in a simulated environment and are not wages, investment returns or client money.

9. Intellectual property

The Services, including software, design, text and trademarks, belong to us or our licensors. You may use them only for your personal participation in our programs. You must not copy, scrape, reverse engineer or resell any part of the Services.

10. Suspension and termination

You may close your profile at any time by contacting support@localhost. We may suspend or terminate access, close accounts or withhold payouts if you breach these Terms, if required by law, or to protect the platform. Sections that by their nature should survive termination will survive.

11. Disclaimers and liability

The Services are provided "as is" and "as available". We do not guarantee uninterrupted access, the accuracy of third-party market data or any particular result. To the fullest extent permitted by law, we are not liable for indirect or consequential losses, lost profits or data, and our total liability to you is limited to the fees you paid us in the three months before the claim arose. Nothing in these Terms excludes liability that cannot be excluded by law.

12. Changes

We may update these Terms. The version and effective date are shown at the top of this page. Material changes will be notified by email or in the platform; continuing to use the Services after a change takes effect means you accept it.

13. Governing law and contact

These Terms are governed by the laws of the place where Nova Trading is established, and its courts have jurisdiction, unless the law of your residence gives you mandatory rights to the contrary. Questions about these Terms: support@localhost.