The Nomad Trader makes sense if you want a multi product prop firm with decent risk rules, high profit splits, and a mix of forex, crypto, and a futures program. It fits traders who are disciplined, comfortable with clearly defined rules, and not trying to game the system.
It is not ideal if your style is aggressive, news heavy, or built around off the shelf passing bots. The prohibited trading section and news filter give the firm a lot of discretion to deny funding if they decide your style crosses the line.
TL;DR
Forex and CFD evaluations in one step and two step formats. Account sizes from 5,000 to 400,000 dollars.
Crypto evaluations in one step and two step formats. Account sizes from 5,000 to 200,000 dollars. Profit share is 90 percent. Weekend trading allowed. Platform is DXtrade with TradingView charts.
Futures program with 4 phases. Each phase requires a 9 percent profit target, a 5 percent trailing loss, and a 25 percent consistency requirement before moving into a live funded account.
Main FX rules. One step requires a 10 percent target, a 6 percent max drawdown, and a 5 percent daily loss limit. Two step requires 6 percent in phase 1 and 5 percent in phase 2, with an 8 percent max drawdown and a 5 percent daily limit.
Profit splits range from 90 percent to 95 percent depending on add ons.
Leverage limits. 50:1 on forex and metals, 10:1 on indices, 5:1 on oil, and 2:1 on crypto on normal plans. Crypto only plans offer 5:1 on BTC and ETH.
Strict rules on news trading, latency patterns, arbitrage, strategy switching between phases, and marketed evaluation bots.
Platforms include cTrader, DXtrade, and MatchTrader for forex and crypto. Futures trading is done on Rithmic.
If you trade clean and controlled, the rule set is manageable. If you rely on aggressive tactics, the environment will feel tight.
The Nomad Trader at a Glance
Evaluation Models
Forex and CFDs
One Step Assessment
Account sizes: 5k, 25k, 50k, 100k, 400k
Profit target: 10 percent
Max drawdown: 6 percent
Daily loss: 5 percent
Two Step Assessment
Account sizes: 5k, 25k, 50k, 100k, 400k
Phase 1 target: 6 percent
Phase 2 target: 5 percent
Max drawdown: 8 percent
Daily loss: 5 percent
Crypto Only Assessments
One step and two step models
Trade only crypto products, up to 200k account size
One step target: 9 percent, max drawdown 6 percent, daily cap plus or minus 3 percent
Two step targets: 6 percent then 9 percent, max drawdown 9 percent, daily cap plus or minus 3 percent
Profit share: 90 percent
Weekend trading allowed
Platform: DXtrade with TradingView charts
Funded Futures Program
Four phase evaluation
Profit target: 9 percent per phase
Max trailing loss: 5 percent based on end of day balance
Consistency rule: no more than 25 percent of total profits from a single day
Account tiers: 25k, 50k, 100k, 150k, each with specific contract limits, phase payouts, and final live account size
Live phase: 90 percent profit share, max loss capped at 50 percent of starting balance, no profit target or consistency rule
Platform: Rithmic via R Trader Pro and compatible platforms
Programs and Account Types Explained
Forex and CFD Accounts
These are the standard assessments most traders look at.
One step target 9 percent with a 6 percent max drawdown.
Daily cap plus or minus 3 percent measured from the previous day equity.
Two step targets 6 percent then 9 percent with a 9 percent max drawdown.
Profit share 90 percent.
Weekend trading allowed.
Platform is DXtrade with TradingView charts.
Commission rate on crypto is 0.05 percent per side.
The daily cap rule controls volatility more than the forex rules do.
Futures Program
This is a separate path with its own logic.
Four total phases.
Each phase requires a 9 percent profit target.
Max trailing loss 5 percent based on end of day balance.
Consistency rule. No more than 25 percent of total profit on a single day.
Payout at every phase before the live account.
Live account keeps 90 percent of profits with a fixed max loss equal to 50 percent of starting balance.
Account tiers. 25,000. 50,000. 100,000. 150,000 dollars. Each with specific contract limits and phase payouts.
Platform is Rithmic through R Trader Pro or a supported third party platform.
This path forces steady trading with controlled profit distribution.
Rules and Risk Parameters
News Trading
Traders cannot open a position within three minutes before or after a news event.
The firm decides what counts as a news event.
Violations can lead to removed P and L, reduced leverage, or a full breach.
This is one of the strictest parts of the program.
Prohibited Trading
The firm lists a wide range of banned behavior.
Latency exploitation.
Using insider or non public information.
Front running.
Off the shelf passing strategies.
Strategy switching between evaluation and funded accounts.
Arbitrage between accounts.
Any trading that creates risk for the liquidity provider.
Any trading pattern the firm decides falls under prohibited activity.
They reserve full discretion here, which means clean execution matters.
Leverage and Position Limits
Forex and metals 50 to 1.
Indices 10 to 1.
Oil 5 to 1.
Crypto 2 to 1 on normal plans.
Crypto only plans offer 5 to 1 on BTC and ETH.
The forex leverage is normal. The crypto leverage is conservative.
Daily Loss and Drawdown
Daily loss uses the previous day balance at 5 PM EST.
If the prior balance is 100,000, the breach level is 95,000 for the next day.
Floating equity does not reset the limit.
Max drawdown is either 6 percent or 8 percent depending on the plan.
Hard breaches happen when daily loss or max drawdown is hit. Soft breaches close trades but allow you to continue.
Payouts and Withdrawals
Forex and CFD Payouts
Profit splits start at 90 percent.
You can upgrade to 95 percent with an add on.
Traders can request a payout once every 30 days.
Withdrawals do not reset the max drawdown level.
Gains are still paid out even if the account is breached after a profitable period.
This rule protects traders from losing earned money.
Futures Payouts
Each phase has its own payout.
Traders collect money after every completed phase before moving on.
Phase 5 is the live account. The trader keeps 90 percent of profits.
Live phase has a fixed max loss equal to half the starting balance.
This is one of the more rewarding futures structures on paper.
Crypto Payouts
Profit share is 90 percent.
Weekend trading does not affect payout eligibility.
Commissions apply on every trade, which slightly reduces net returns.
Crypto payouts follow the same cycle as the forex accounts.
Platform Quality
Forex and CFD Platforms
Traders can choose cTrader, DXtrade, or MatchTrader. All of them run through GooeyTrade. Execution quality depends on the liquidity providers the firm uses, since the accounts are simulated but tied to real market feeds. The mix is solid for manual traders because cTrader and MatchTrader are stable platforms with good charting and order flow tools.
Crypto Platform
Crypto accounts run only on DXtrade with TradingView charts built in. DXtrade is simple to use. It loads fast and works well on both desktop and mobile. Keep in mind that crypto trades carry a 0.05 percent commission per side. This needs to be factored into any frequent trading approach.
Futures Platform
Futures trading uses Rithmic through R Trader Pro. Rithmic provides accurate fills and real time futures data. Traders must complete CME market data attestation inside R Trader Pro before they can use the mobile or web versions. The platform is technical. It suits traders who already know how to handle futures order flow.
General Platform Notes
Execution quality is tied to the liquidity provider and the firm removes itself from platform tech support. The user is responsible for platform issues. Forex and crypto traders get ready to use charting tools. Futures traders get a more complex setup with no shortcuts.
Strengths
Wide range of products. Forex. Indices. Metals. Crypto. Futures.
Multiple platforms for forex and CFDs.
Weekend holding allowed in forex and crypto accounts.
Crypto only accounts have clear rules and allow full weekend activity.
Futures program gives payouts during every evaluation phase.
High profit splits, up to ninety five percent with add ons.
Transparent daily loss and drawdown formulas with examples.
Strict rule set that discourages loopholes and forces clean trading.
These features appeal to traders who value structure and clear limits.
Weaknesses
News filter is strict. You cannot open trades within three minutes before or after a news event.
Crypto accounts have a tight three percent daily cap, which can interrupt swing trades.
Forex and CFD leverage on indices and commodities is conservative compared to some competitors.
Trailing loss rules in futures phases and crypto risk limits require slow and steady trading, not fast bursts of profit.
These limits can frustrate aggressive traders or anyone who relies on automation.
Who This Firm Fits
This firm works best for traders who keep their trading controlled and predictable. The rule set rewards discipline.
Best fits
Traders who respect daily loss limits and do not push uncertain entries.
Intraday or swing traders who can avoid trading during news.
Traders who prefer clear profit targets rather than complex scaling rules.
Futures traders who can spread profits across several days to meet the twenty five percent consistency rule.
Crypto traders who like weekend access and do not mind a strict three percent daily cap.
Manual traders who use cTrader, DXtrade, MatchTrader, or Rithmic without relying on MT4 or MT5.
Not ideal for
High frequency scalpers.
Traders who rely on latency tactics or arbitrage patterns.
Anyone who uses off the shelf bots designed to pass challenges.
Traders who take large risks early in the evaluation.
News traders who open positions right before or after events.
The rules are tight enough that traders who cut corners will run into problems fast.
Trust and Credibility
The firm is operated by Forest Park FX LTD. Funding agreements involve Forest Park FX LTD and Prop Account entities based in the United Kingdom, the United States, and the Cayman Islands. These details appear in the official contact and legal sections.
Prop firms are not regulated like brokers, and The Nomad Trader states that all fees are for assessment services, not live trading accounts. This matches the standard evaluation model used across the industry.
None of this is unusual for a prop firm, but traders should read the prohibited trading section carefully. Credibility will depend on consistent payouts and rule enforcement.
Final Verdict
The Nomad Trader gives traders access to forex, crypto, and futures evaluations all within one company, with clear numerical rules and strong risk limits. Not every prop firm offers this wide range of assets.The one step and two step models are simple to understand. The futures pathway gives real payouts during the evaluation, which is a useful incentive. Profit splits up to ninety five percent are competitive.
The Nomad Trader is a good choice for those who value clean entries, stable sizing, and disciplined, rule-based trading. If your trading style is fast-paced, highly aggressive, or heavily reliant on automated strategies, you may find other approaches more suitable.
FAQs
How many funded accounts can I hold at once?
For futures, you can hold one active funded account per tier. The allowed tiers are 25k, 50k, 100k, and 150k. The combined starting balance of all active futures accounts cannot exceed 325k.
Can I pause or extend my evaluation?
No. Evaluations and funded accounts do not pause or extend.
In the futures program, each phase has a strict 60 day maximum. Once you place your first trade, the 60 day clock runs without interruptions.
Forex and crypto assessments do not list any pause mechanisms, which means the account remains active but continues normally without any time adjustments.
What happens if I go inactive?
Futures accounts have clear inactivity rules. You must place at least one trade every 14 days during phases one through four. In the live funded futures phase, you must trade at least once every 7 days or the account is closed.
Are automated strategies allowed?
Yes for forex and CFD accounts, as long as the strategy does not fall under prohibited trading. This means no latency exploitation, no arbitrage between accounts, no off the shelf passing bots, and no strategy switching after passing.
No for crypto accounts. DXtrade does not support automated strategies in crypto only plans.
Yes for futures accounts, but only if the automation follows all rules and does not violate prohibited trading guidelines.
Can I hold trades over the weekend?
Yes for forex and CFD accounts. Weekend holding is allowed.
Yes for crypto accounts. Crypto markets stay open and weekend trading is permitted.
No for futures accounts. All positions must be closed each weekday by 1510 CST and cannot remain open over the weekend.
Quick Verdict: Is The Nomad Trader Worth It?
The Nomad Trader makes sense if you want a multi product prop firm with decent risk rules, high profit splits, and a mix of forex, crypto, and a futures program. It fits traders who are disciplined, comfortable with clearly defined rules, and not trying to game the system.
It is not ideal if your style is aggressive, news heavy, or built around off the shelf passing bots. The prohibited trading section and news filter give the firm a lot of discretion to deny funding if they decide your style crosses the line.
TL;DR
Forex and CFD evaluations in one step and two step formats. Account sizes from 5,000 to 400,000 dollars.
Crypto evaluations in one step and two step formats. Account sizes from 5,000 to 200,000 dollars. Profit share is 90 percent. Weekend trading allowed. Platform is DXtrade with TradingView charts.
Futures program with 4 phases. Each phase requires a 9 percent profit target, a 5 percent trailing loss, and a 25 percent consistency requirement before moving into a live funded account.
Main FX rules. One step requires a 10 percent target, a 6 percent max drawdown, and a 5 percent daily loss limit. Two step requires 6 percent in phase 1 and 5 percent in phase 2, with an 8 percent max drawdown and a 5 percent daily limit.
Profit splits range from 90 percent to 95 percent depending on add ons.
Leverage limits. 50:1 on forex and metals, 10:1 on indices, 5:1 on oil, and 2:1 on crypto on normal plans. Crypto only plans offer 5:1 on BTC and ETH.
Strict rules on news trading, latency patterns, arbitrage, strategy switching between phases, and marketed evaluation bots.
Platforms include cTrader, DXtrade, and MatchTrader for forex and crypto. Futures trading is done on Rithmic.
If you trade clean and controlled, the rule set is manageable. If you rely on aggressive tactics, the environment will feel tight.
The Nomad Trader at a Glance
Evaluation Models
Forex and CFDs
One Step Assessment
Account sizes: 5k, 25k, 50k, 100k, 400k
Profit target: 10 percent
Max drawdown: 6 percent
Daily loss: 5 percent
Two Step Assessment
Account sizes: 5k, 25k, 50k, 100k, 400k
Phase 1 target: 6 percent
Phase 2 target: 5 percent
Max drawdown: 8 percent
Daily loss: 5 percent
Crypto Only Assessments
One step and two step models
Trade only crypto products, up to 200k account size
One step target: 9 percent, max drawdown 6 percent, daily cap plus or minus 3 percent
Two step targets: 6 percent then 9 percent, max drawdown 9 percent, daily cap plus or minus 3 percent
Profit share: 90 percent
Weekend trading allowed
Platform: DXtrade with TradingView charts
Funded Futures Program
Four phase evaluation
Profit target: 9 percent per phase
Max trailing loss: 5 percent based on end of day balance
Consistency rule: no more than 25 percent of total profits from a single day
Account tiers: 25k, 50k, 100k, 150k, each with specific contract limits, phase payouts, and final live account size
Live phase: 90 percent profit share, max loss capped at 50 percent of starting balance, no profit target or consistency rule
Platform: Rithmic via R Trader Pro and compatible platforms
Programs and Account Types Explained
Forex and CFD Accounts
These are the standard assessments most traders look at.
One step target 9 percent with a 6 percent max drawdown.
Daily cap plus or minus 3 percent measured from the previous day equity.
Two step targets 6 percent then 9 percent with a 9 percent max drawdown.
Profit share 90 percent.
Weekend trading allowed.
Platform is DXtrade with TradingView charts.
Commission rate on crypto is 0.05 percent per side.
The daily cap rule controls volatility more than the forex rules do.
Futures Program
This is a separate path with its own logic.
Four total phases.
Each phase requires a 9 percent profit target.
Max trailing loss 5 percent based on end of day balance.
Consistency rule. No more than 25 percent of total profit on a single day.
Payout at every phase before the live account.
Live account keeps 90 percent of profits with a fixed max loss equal to 50 percent of starting balance.
Account tiers. 25,000. 50,000. 100,000. 150,000 dollars. Each with specific contract limits and phase payouts.
Platform is Rithmic through R Trader Pro or a supported third party platform.
This path forces steady trading with controlled profit distribution.
Rules and Risk Parameters
News Trading
Traders cannot open a position within three minutes before or after a news event.
The firm decides what counts as a news event.
Violations can lead to removed P and L, reduced leverage, or a full breach.
This is one of the strictest parts of the program.
Prohibited Trading
The firm lists a wide range of banned behavior.
Latency exploitation.
Using insider or non public information.
Front running.
Off the shelf passing strategies.
Strategy switching between evaluation and funded accounts.
Arbitrage between accounts.
Any trading that creates risk for the liquidity provider.
Any trading pattern the firm decides falls under prohibited activity.
They reserve full discretion here, which means clean execution matters.
Leverage and Position Limits
Forex and metals 50 to 1.
Indices 10 to 1.
Oil 5 to 1.
Crypto 2 to 1 on normal plans.
Crypto only plans offer 5 to 1 on BTC and ETH.
The forex leverage is normal. The crypto leverage is conservative.
Daily Loss and Drawdown
Daily loss uses the previous day balance at 5 PM EST.
If the prior balance is 100,000, the breach level is 95,000 for the next day.
Floating equity does not reset the limit.
Max drawdown is either 6 percent or 8 percent depending on the plan.
Hard breaches happen when daily loss or max drawdown is hit. Soft breaches close trades but allow you to continue.
Payouts and Withdrawals
Forex and CFD Payouts
Profit splits start at 90 percent.
You can upgrade to 95 percent with an add on.
Traders can request a payout once every 30 days.
Withdrawals do not reset the max drawdown level.
Gains are still paid out even if the account is breached after a profitable period.
This rule protects traders from losing earned money.
Futures Payouts
Each phase has its own payout.
Traders collect money after every completed phase before moving on.
Phase 5 is the live account. The trader keeps 90 percent of profits.
Live phase has a fixed max loss equal to half the starting balance.
This is one of the more rewarding futures structures on paper.
Crypto Payouts
Profit share is 90 percent.
Weekend trading does not affect payout eligibility.
Commissions apply on every trade, which slightly reduces net returns.
Crypto payouts follow the same cycle as the forex accounts.
Platform Quality
Forex and CFD Platforms
Traders can choose cTrader, DXtrade, or MatchTrader. All of them run through GooeyTrade. Execution quality depends on the liquidity providers the firm uses, since the accounts are simulated but tied to real market feeds. The mix is solid for manual traders because cTrader and MatchTrader are stable platforms with good charting and order flow tools.
Crypto Platform
Crypto accounts run only on DXtrade with TradingView charts built in. DXtrade is simple to use. It loads fast and works well on both desktop and mobile. Keep in mind that crypto trades carry a 0.05 percent commission per side. This needs to be factored into any frequent trading approach.
Futures Platform
Futures trading uses Rithmic through R Trader Pro. Rithmic provides accurate fills and real time futures data. Traders must complete CME market data attestation inside R Trader Pro before they can use the mobile or web versions. The platform is technical. It suits traders who already know how to handle futures order flow.
General Platform Notes
Execution quality is tied to the liquidity provider and the firm removes itself from platform tech support. The user is responsible for platform issues. Forex and crypto traders get ready to use charting tools. Futures traders get a more complex setup with no shortcuts.
Strengths
Wide range of products. Forex. Indices. Metals. Crypto. Futures.
Multiple platforms for forex and CFDs.
Weekend holding allowed in forex and crypto accounts.
Crypto only accounts have clear rules and allow full weekend activity.
Futures program gives payouts during every evaluation phase.
High profit splits, up to ninety five percent with add ons.
Transparent daily loss and drawdown formulas with examples.
Strict rule set that discourages loopholes and forces clean trading.
These features appeal to traders who value structure and clear limits.
Weaknesses
News filter is strict. You cannot open trades within three minutes before or after a news event.
Crypto accounts have a tight three percent daily cap, which can interrupt swing trades.
Forex and CFD leverage on indices and commodities is conservative compared to some competitors.
Trailing loss rules in futures phases and crypto risk limits require slow and steady trading, not fast bursts of profit.
These limits can frustrate aggressive traders or anyone who relies on automation.
Who This Firm Fits
This firm works best for traders who keep their trading controlled and predictable. The rule set rewards discipline.
Best fits
Traders who respect daily loss limits and do not push uncertain entries.
Intraday or swing traders who can avoid trading during news.
Traders who prefer clear profit targets rather than complex scaling rules.
Futures traders who can spread profits across several days to meet the twenty five percent consistency rule.
Crypto traders who like weekend access and do not mind a strict three percent daily cap.
Manual traders who use cTrader, DXtrade, MatchTrader, or Rithmic without relying on MT4 or MT5.
Not ideal for
High frequency scalpers.
Traders who rely on latency tactics or arbitrage patterns.
Anyone who uses off the shelf bots designed to pass challenges.
Traders who take large risks early in the evaluation.
News traders who open positions right before or after events.
The rules are tight enough that traders who cut corners will run into problems fast.
Trust and Credibility
The firm is operated by Forest Park FX LTD. Funding agreements involve Forest Park FX LTD and Prop Account entities based in the United Kingdom, the United States, and the Cayman Islands. These details appear in the official contact and legal sections.
Prop firms are not regulated like brokers, and The Nomad Trader states that all fees are for assessment services, not live trading accounts. This matches the standard evaluation model used across the industry.
None of this is unusual for a prop firm, but traders should read the prohibited trading section carefully. Credibility will depend on consistent payouts and rule enforcement.
Final Verdict
The Nomad Trader gives traders access to forex, crypto, and futures evaluations all within one company, with clear numerical rules and strong risk limits. Not every prop firm offers this wide range of assets.The one step and two step models are simple to understand. The futures pathway gives real payouts during the evaluation, which is a useful incentive. Profit splits up to ninety five percent are competitive.
The Nomad Trader is a good choice for those who value clean entries, stable sizing, and disciplined, rule-based trading. If your trading style is fast-paced, highly aggressive, or heavily reliant on automated strategies, you may find other approaches more suitable.
FAQs
How many funded accounts can I hold at once?
For futures, you can hold one active funded account per tier. The allowed tiers are 25k, 50k, 100k, and 150k. The combined starting balance of all active futures accounts cannot exceed 325k.
Can I pause or extend my evaluation?
No. Evaluations and funded accounts do not pause or extend.
In the futures program, each phase has a strict 60 day maximum. Once you place your first trade, the 60 day clock runs without interruptions.
Forex and crypto assessments do not list any pause mechanisms, which means the account remains active but continues normally without any time adjustments.
What happens if I go inactive?
Futures accounts have clear inactivity rules. You must place at least one trade every 14 days during phases one through four. In the live funded futures phase, you must trade at least once every 7 days or the account is closed.
Are automated strategies allowed?
Yes for forex and CFD accounts, as long as the strategy does not fall under prohibited trading. This means no latency exploitation, no arbitrage between accounts, no off the shelf passing bots, and no strategy switching after passing.
No for crypto accounts. DXtrade does not support automated strategies in crypto only plans.
Yes for futures accounts, but only if the automation follows all rules and does not violate prohibited trading guidelines.
Can I hold trades over the weekend?
Yes for forex and CFD accounts. Weekend holding is allowed.
Yes for crypto accounts. Crypto markets stay open and weekend trading is permitted.
No for futures accounts. All positions must be closed each weekday by 1510 CST and cannot remain open over the weekend.
Author By
FundedTrading
Trusted Media Network, Industry Award Organizer, Prop Trading Specialists.
Operating since 2022, Funded Trading has served as a premier media voice in the proprietary trading industry. As part of the FinMediaX network, we specialize in dissecting prop firm challenges, tracking industry payouts, and providing unbiased rankings to help traders distinguish between legitimate funding opportunities and scams.
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