Every rule, written down once.

A Nexora account is a simulated trading account. You pay a one-time fee to begin an evaluation, trade a simulated balance, and if you reach the profit target without breaching either loss limit, the account becomes funded. A funded account has no target and pays you 90% of the profit you produce on it.

You never deposit capital, you never trade a real financial instrument, and you are never liable for losses. Your one-time fee is your entire exposure.

Five sizes are available. The objectives are identical at every size: a $5,000 evaluation is judged on exactly the terms a $100,000 one is.

• The fee is charged once and is never repeated. There is no monthly subscription and no data fee.
• Trading costs are separate, and they are charged per fill. This section used to end at the line above, which reads as though the entry fee is the only money that ever leaves the account. It is not, and a cost that reduces the balance an objective is measured against belongs in the rulebook rather than only in the order ticket.
  • Crypto perpetuals: a commission of 5 basis points of the notional on every fill — 0.05%, so $5 on a $10,000 position — charged to the simulated balance when the fill is recorded.
  • Prediction markets: the venue's own taker schedule, which is shares × rate × p × (1 − p) at 4% to 7% depending on the category. Because of the p(1−p) term the cost is largest at 50c and falls toward either end, and it is symmetric: a fill at 30c costs what one at 70c costs. Makers are never charged, and geopolitics markets are fee-free, both by the venue's rule rather than ours.
  • The ticket shows the fee on the order in front of you before you send it, and every fill carries its own fee on the account's fills list. Fees always round up.
  • Fees reduce realised profit, so they count against the profit target the same way a loss does. They are not added back at a payout.
• The largest account on sale is $100K. Scaling beyond that is not open yet — when it is, it will be applied on request once an account has produced consistent realised profit, and it will never change the rules on this page.
• Fees are non-refundable once an account has been activated, because the evaluation begins the moment the account opens. If a discount code failed to apply at checkout, contact support with the transaction and it will be corrected.
• One live account at a time. Finish or close the account you have before opening another — including to switch market type. Every account must be in your own name.

• You must be 18 or older, or the age of majority where you live, whichever is higher.
• Nexora cannot accept traders who are citizens of, or resident in, jurisdictions under applicable sanctions. Residency at signup and at payout both count, so a move can change your eligibility mid-account.
• The restricted list follows international sanctions frameworks and can change. The current list is shown at checkout before you pay.
• A VPN is permitted for ordinary privacy and security. Using one to misrepresent your location or to work around the restricted list is not, and is treated under section 14.
• Nexora employees, contractors and their immediate family may not hold funded accounts.

• The target is 8–10% of the starting balance, not of peak equity. It differs by account — 1 or 2 steps, and the exact figure for yours is on its plan and in your dashboard.
• Some accounts are two-step. Where they are, the second target is lower than the first, and both are shown before you buy.
• Only realised profit counts toward it. An open position that is up does not pass the account until it is closed.
• You must trade on at least 3 separate days to pass an evaluation, and 4 in a funded payout cycle. A day counts when it carries at least one trade that is not excluded under section 09.
• There is no time limit. An account can sit idle for weeks without penalty, subject only to section 10.
• Once the account is funded there is no target at all.

The daily limit is 4–5% of the starting balance, measured on equity against the balance you held at 00:00 UTC. Crypto accounts and prediction accounts carry different figures; the one that binds your account is on its plan and in your dashboard.

• Equity includes unrealised profit and loss, so an open position that is down counts against the limit in real time.
• The reference balance resets every day at 00:00 UTC, whether or not you traded that day.
• On a $25,000 crypto account, whose daily limit is 4%, a day that starts at $25,400 may fall to $24,000 before the limit is reached — 4% of $25,000, not 4% of the day's opening equity.
• Profit made earlier in the same day does not enlarge the day's allowance.
• How much of today's allowance you have used is shown in your dashboard while you trade.

The maximum drawdown is 6–10% of the starting balance and applies for the life of the account. Both the figure and the kind of floor differ by account, and the pair that binds yours is on its plan and in your dashboard.

• On most accounts the floor is static: it does not trail your profits, so a good week never raises the floor under you. On a $25,000 crypto account, whose drawdown is 8%, the floor stays at $23,000 whether your equity is $25,500 or $34,000.
• The two largest crypto accounts are different. The $50,000 and $100,000 accounts carry a 6% trailing floor measured against your highest end-of-day balance, so the floor rises as you profit and never falls again. On a $100,000 account that closes a day at $110,000, the floor moves from $94,000 to $103,400 permanently.
• Like the daily limit, it is measured on equity and includes open positions.
• The drawdown floor is never reset, including after a payout. Withdrawing profit lowers your equity but leaves the floor where it was.

• Your position size is capped against the size of your account, not against a leverage number. Two caps apply at once: the margin you have committed can never exceed your account size, and the total value of what you hold can never exceed ten times it. A $5,000 account can therefore hold up to $50,000 of notional, on at most $5,000 of margin.
• A single order may not exceed five times the account size, and orders below $10 of notional are refused — the second so that a round trip cannot be used to tick a trading day for free.
• Prediction markets carry no leverage. A position can lose at most what you paid for it.
• There is no maximum lot size and no cap on the number of open positions. The loss limits are the only constraint on size.
• The cap is a ceiling, not a target. A fully sized position reaches the daily limit on a move of a few percent, and an order that would breach the cap is refused when you place it rather than counted against you afterwards.
• Positions are never force-closed for margin alone. They close when a loss limit is reached, and the account closes with them.

• Crypto perpetuals are priced and matched on our own engine, against a reference price taken from several independent venues. You never open an account anywhere else and never hand us an exchange key.
• Prediction markets resolve on Polymarket, with 90+ markets open at any time.
• An account trades one market type, and you choose which at purchase. A crypto account cannot place a prediction order and a prediction account cannot place a perpetual one — the server refuses it, not merely the screen. The choice is fixed for the life of that account, because the limits, the leverage and the instrument list your account is bound to are written for one kind of market.
• Crypto trades 24 hours a day, every day. Prediction market positions are marked at the last traded probability until the market resolves, so an open position moves your equity even while you sleep.
• Nexora may add or remove instruments. Removal is announced at least 7 days in advance except where a venue delists without notice.

Most evaluations elsewhere fail on a clause rather than on a loss. This list is deliberately short because there is little to restrict.

• Holding through weekends and overnight. Positions are never closed for the calendar.
• News trading. There is no restricted-events window and no spread widening penalty.
• Scalping, within a limit. A position held for less than 60 seconds has its profit excluded from the target; its loss still counts, and that asymmetry is deliberate. Past 25 such trades it stops being an accident and becomes a breach.
• Algorithms and off-the-shelf systems, including bots you did not write yourself.
• Copying between accounts you own, in your own name.
• Hedging within a single account, including opposing positions on the same instrument.
• Martingale and grid strategies. They are risky, but they are your risk to take inside the limits.

One rule scales a payout down. It never breaches an account and it never affects whether you pass — it decides how much of what you made is paid out.

• No single day may account for more than 30% of the eligible profit in a payout cycle.
• No single market may account for more than 40% of it.
• Exceeding either reduces or defers the payout in proportion. It does not close the account, and the profit is not forfeited — the remainder carries into the next cycle.
• Both shares are computed against eligible profit, and both are shown to you with the payout request rather than applied silently.
• The rule exists so that a single lucky session, or one binary resolution, cannot carry an account to funded status. It is the one place where consistency is asked of you.

There is no time limit on an evaluation, but an account that is never traded still consumes platform and risk-monitoring resources.

• An account is inactive after 30 consecutive days without a closed trade.
• You are notified by email at day 21 and again at day 28. A single qualifying trade resets the counter.
• Opening the dashboard does not count. A trade must be placed and closed.
• An inactive account is closed. On a funded account, any realised profit already earned remains payable.
• Tell support before a planned break and the clock can be paused once per account.

• Orders fill against live venue prices. Slippage in fast markets is normal and is not grounds for a reversal.
• If a platform fault on Nexora's side produces a fill that could not have occurred at the venue, the trade is reversed and the account is restored to its state immediately before it.
• A reversal cuts both ways: it is applied whether the faulty fill helped or hurt you.
• Report a suspected fault within 72 hours with the order ID. After that the account state is treated as final.
• Outages at a venue rather than at Nexora are market conditions, not faults. Positions remain open and limits remain in force.

• Your split is 80–85%, set by the plan you buy and stated on it before you pay. It is fixed for the life of that account: there is no reduction for a good month, and nothing you do afterwards changes it.
• Payouts are requested from your dashboard and paid in USDC.
• No identity check is needed to buy an evaluation or to trade. It is required once, before your first payout.
• Verification requires a government-issued ID. The name on it must match the account holder, and the payout wallet must belong to that person.
• Payouts run on a cycle, not on demand. The first is available 21 days after the account is funded; each one after that 14 days from the last.
• The minimum payout is $50. Below that the profit stays in the account and carries into the next cycle rather than being forfeited.
• Two-factor authentication must be on before a payout is approved. See section 12b.
• Profit already paid out is yours permanently and is never clawed back, including if the account is later closed.

• Two-factor authentication is required before your first payout and is not required to buy, to trade, or to pass an evaluation.
• It cannot be switched on yet. The control is not built, so no payout can currently be approved. This sentence is here rather than in a support reply because a rule that blocks your money should not be something you discover at the moment it blocks it.
• Until it ships, a payout that is otherwise eligible is held, not refused. Nothing expires and nothing is forfeited while you wait.

This is the part worth reading twice before you start. It applies identically to evaluation and funded accounts.

• The moment equity touches either loss limit, every open position is closed at market and the account stops accepting new orders.
• A breached account is closed permanently. There are no resets, no top-ups and no appeals.
• There is nothing further to pay. You are never asked to add funds and never carry liability for losses.
• To trade again you start a new evaluation at whichever size you choose.

A breach is final. Nexora does not reverse a closure for a mistaken order, a change of mind, or an unusual market move. Size your risk on the assumption that the limit will be enforced exactly as written.

A short list, and every item on it has the same reason behind it: the account must reflect your own decisions in a real market.

• Copying another person's account, or group trading against a shared signal across accounts held by different traders.
• Holding opposing positions across separate accounts so that one is guaranteed to pass. Hedging inside one account is fine; hedging across accounts is not.
• Any strategy that targets a flaw in the simulation rather than the market, including latency arbitrage, quote manipulation and trading on stale or erroneous prices.
• Operating an account under a false identity, using another person's documents, or transferring an account to someone else.
• Using a VPN or falsified documents to appear outside a restricted jurisdiction.
• A confirmed breach of this section closes every account held by the trader and forfeits any pending payout. Payouts already made are not reclaimed.
• Where the facts are unclear, the account is paused rather than closed while it is reviewed, and you are told what is being looked at.

• Every change is published on this page with the date it took effect, and the version number is printed at the top.
• A funded account is governed by the version that was in effect on the day it was activated, not the version live today.
• If a change would tighten a limit, existing accounts remain on their original terms until the trader chooses to move.
• If a change is in the trader's favour it is applied to every existing account at the same time.
• Changes required by law or by a sanctions framework take effect immediately and are the one exception to the two clauses above.