NOVA Reset Policy
The Free Reset Policy allows traders to restart their NOVA evaluation account if it becomes breached.
This feature is designed to reduce trader risk and provide maximum flexibility during the challenge phase.
Reset Availability
Account Stage | Reset Eligibility |
Evaluation | Unlimited free resets |
Funded | Discounted FEE to reset |
When a Reset Can Be Used
A reset may be used if the evaluation account is breached due to:
Max Drawdown breach
Daily Loss Limit breach
Once breached, trading on the account is no longer possible until reset.
Reset Conditions
Resets are free of charge on the challenge phase
Challenge Resets are unlimited
No additional evaluation fee is required
The account returns to its original starting balance
All rules and parameters reset to default
Resets can be done within 30 days of breaching the account
What Happens During a Reset
When a reset is applied:
A new fresh Nova challenge account will be created
Balance and equity are fresh
Drawdown levels are fresh
Profit progress resets to zero
Important Clarifications
Free resets apply only to evaluation accounts
FUNDED resets can be requested at a discount
A reset does not convert into a refund
Activation fees remain unaffected
Resetting does not extend funded privileges
Example
A trader breaches a 50,000 dollar NOVA evaluation:
Max drawdown triggered
Account becomes inactive
The trader may:
Request a FREE reset since it's a challenge account
Receive a new fresh evaluation account
Continue trading immediately on the new account
No additional fee is charged.
Important Notes
Reset availability does not guarantee passing
All trading rules still apply
Abuse of reset features may trigger review