Now Trade Funded Forex prop firm review — Overwhelming negative reviews from traders

Now Trade Funded prop firm has very negative trader reviews on the Trustpilot platform indicating the firm is most likely scamming its clients. It offers funded accounts from 5k and has almost suspiciously low fees, indicating Now Trade Funded is trying hard to attract traders and collect their fees.

In our Now Trade Funded review, we are going to uncover the truth behind this prop firm and assess its critical features including safety, rules, funding options, assets, support, and many more.

Pros & cons of Now Trade Funded prop firm

Pros

• Provides access to MetaTrader 4

Cons

• Scam alert: multiple trader reviews indicate the firm is declining payments and blocking traders on social media
• No educational resources
• No hotline support
• Lack of experience and reliability
• 47% of Trustpilot reviews are negative

Quick rating of Now Trade Funded and its features

Safety of Now Trade Funded — 1.5

Now Trade Funded reviews are lacking on the FPA platform as the firm is not even listed yet. However, there are 47% of 1-star reviews on the Trustpilot page of the firm, indicating that the firm should not be trusted. While there are only 12 reviews as of now, still half of the comments by traders mention the firm is a scam and can not be trusted. Now, Trade Funded is partnered with EightCap, a regulated Forex and CFDs broker. Or, at least, it is not a regulated broker. Now Trade Funded is also a very young prop firm lacking crucial experience in the industry. Overall, the safety is very questionable with this firm, and we do not recommend our readers to buy anything from Now Trade Funded as it seems super risky right now.

The firm gets a 1.5 score in this section, for being highly suspicious and full of red flags.

Now Trade Funded Funding and maximum capital allocation — 3

Now Trade Funded funded programs are very diverse and also include HFT or High-Frequency Trading accounts which is very interesting. Usually, such trading strategies require large capital and a powerful team of expert developers and traders to develop a viable strategy. So, offering HFT from an average prop firm full of red flags does not seem legitimate. It is more like a marketing gimmick rather than a real offering. The funded accounts include Standard, HFT, Quickpass, and DXTrade.

Now Trade Funded funding options include 5k, 15k, 25k, 50k, 100k, and 200k. All Now Trade Funded challenge accounts come with the same list of funding options. All of the accounts are also 2-step evaluations, where traders need to pass two different phases to get funded.

Now Trade Funded scaling plan is not active right now and the firm gets a 3 score in this section.

Now Trade Funded Assets — 1.5

Now Trade Funded prop trading assets are limited in number and diversity as the firm only allows traders to speculate on Forex pairs, metals (commodities), indices, and oil (also a commodity). Traders can access these assets on an EightCap platform and spreads are low, but the trading commission is 7 USD round turn per lot traded. The leverage is capped at 1:50 for all accounts. Overall, the firm gets a 1.5 score in this section for offering a limited number of asset classes.

Now Trade Funded Trading rules and limitations — 1.4

Now Trade Funded rules include a 10% profit target, a 5% maximum daily risk limit, and a 10% maximum drawdown rule. EAs and algorithmic strategies are allowed as the firm directly offers HFT accounts.

Overall, Now Trade Funded gets a 1.4 score in this section.

Now Trade Funded Fees — 2.5

The firm offers its lowest amount of funding account for 25 USD, paid one time during purchase. The firm offers discounts to attract unsuspecting traders to its funded accounts, and we suggest staying away from this firm with almost 50% negative trader feedback.

Now Trade Funded free trial is not offered at the moment which is another drawback of this firm.

Now Trade Funded free repeat is not also available at the moment. The firm gets a 2.5 score in this section for offering low fees.

Now Trade Funded Platforms — 3

The firm offers the MT4 platform because of EightCap’s partnership. It is an advanced platform that allows comprehensive market analysis. The firm gets a 3 score in this section.

Now Trade Funded Profit-Sharing — 2

Now Trade Funded profit split is 80% for all accounts and traders are eligible for withdrawals only after 30 days of trading on a funded account. After 30 days, traders can request be-weekly payouts. As half of the comments indicate, the firm declines payments for various reasons. The firm gets a 2 score in this section. Stay away from this firm.

Education and trading tools at Now Trade Funded — 0

The firm does not offer educational materials and gets a 0 score in this section.

Customer Support at Now Trade Funded — 2.4

Now Trade Funded offers two options for support email and live chat. There is also a discord channel where the firm blocks all the negative user comments and messages indicating a clear scam.

Frequently Asked Questions on Now Trade Funded