NOVA Account Overview
The NOVA Account is a 1 Step evaluation plan designed for traders who want low entry cost, simple targets, and a pay after you pass model.
CAN BE PURCHASED THROUGH https://www.toponetrader.com/nova
Traders gain immediate access to the evaluation for a small upfront fee and only pay the activation cost after successfully passing.
How the NOVA Model Works
Initial Cost
One time starting fee of $7.
Immediate access to the challenge
After Passing
Pay a one time activation fee (full details below)
Unlock funded account access
Activation Window
Traders have 30 days after passing to complete activation
NOVA Ruleset Overview
Rule | Evaluation (1 Step) | Funded |
Initial Fee | $7 | Activation Fee (full breakdown below) |
Profit Target | 5% | None |
Max Drawdown | 6% trailing + lock at starting balance | 5% trailing + lock at starting balance |
Max Drawdown Type | Trailing | Trailing |
Daily Loss Limit | None | None |
Max Open Risk (EquityShield) | 2% / 2.5% (soft breach) | 2% / 2.5% (soft breach) |
Time Limit | None | None |
Profit Split | Not applicable | 90% (upgrade to 100%) |
ESS Target | None | 20% ESS |
Payout Frequency | Not applicable | Bi weekly (upgrade to weekly) |
Leverage | FX 100:1, Metals 20:1, Indices 20:1, Crypto 4:1 | FX 30:1, Metals 5:1, Indices 5:1, Crypto 1:1 |
Weekend holding | Allowed! | Allowed! |
Resets | Unlimited FREE resets | Discounted FEE |
Inactivity Limit | 30 days | 30 days |
Platforms | TradeLocker (US/Canada), MT5 (International) | TradeLocker (US/Canada), MT5 (International) |
Activation Fees (One Time Payment)
Activation is required after passing the evaluation.
Account Size | Activation Fee |
$25,000 | $165 |
$50,000 | $275 |
$100,000 | $550 |
$200,000 | $880 |
Key Rule Explanations
1 Step Evaluation
NOVA accounts require passing only one evaluation phase.
Initial Entry Fee
A one time payment of $7 grants full access to the challenge.
Profit Target
Traders must achieve a 5% profit target based on starting balance.
Trailing Drawdown (Evaluation)
A 6% trailing drawdown applies and trails equity until reaching the starting balance, where it locks.
Daily Loss Limit
There is NO Daily Loss Limit during both Challenge and Funded phases. However, the EquityShield remains active and may automatically close open positions if your floating drawdown reaches the EquityShield threshold.
Max Open Risk (Equity Shield)
The Equity Shield is a built-in risk management feature designed to help protect your account by automatically preventing further trading once your equity reaches a defined threshold.
This ensures that losses are controlled and helps traders maintain better discipline while managing their accounts.
Important Notes
EquityShield is an automatic protection tool, not a guaranteed failsafe
In rare market conditions such as high volatility or low liquidity, closures may not trigger instantly
Traders are always responsible for managing their own risk
EquityShield triggers do not count as hard breaches
The Risk team may adjust EquityShield limits following a risk review
For a more detailed explanation of how Equity Shield works, please refer to this article below:
Unlimited Free Resets
If the evaluation account is breached:
The trader may reset the account
Resets are free of charge on the challenge phase
Challenge resets are unlimited
Activation After Passing
After passing the evaluation:
Traders must pay the activation fee
Activation must be completed within 30 days
Profit Split (Funded)
Funded NOVA accounts operate with a 90% profit split, with optional upgrade to 100%.
Funded Drawdown (LUP Model)
Funded accounts use a 5% trailing drawdown under the Lock Upon Payout model.
Consistency Rule (ESS)
A 20% ESS score applies on funded accounts.
Stop Loss Requirement
All accounts require an active stop loss. (this requirement can be removed with an add-on)
Platforms
US / Canada: TradeLocker only
International: MT5 only
Inactivity Rule
Accounts inactive for 30 consecutive days may be closed.
Important Notes
NOVA is a 1 Step plan
Entry cost is $7
Activation payment required after passing
30 day activation deadline
Evaluation breaches may be reset for free
Unlimited resets apply only to evaluation