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21 / 21 shown · Official answer · Answer ID: HOW IT WORKS

01How does the NairaFunded evaluation work?

You start by purchasing a challenge. Trade the evaluation account following our risk rules, hit the 10 percent profit target, and you move to verification. Pass verification and you become a funded trader trading firm capital — no further challenge required.

02What is the drawdown rule?

Your equity must not fall more than 20% below its highest recorded level. This is a trailing limit: as your equity reaches new highs, the drawdown floor rises with it. The breach level is therefore not fixed; it moves upwards as your account grows.

03Are there any hidden fees?

No. The challenge fee is a one-time payment. There are no monthly subscriptions, performance fees, or inactivity charges. We earn when you earn.

04What happens if I fail the challenge?

If you breach the rules, your account closes and you must begin a new evaluation. This FAQ highlights the 20% drawdown limit. Read the full rulebook for all applicable requirements before restarting.

05Why must I hold each trade for at least 3 minutes?

The 3-minute minimum discourages tick-scalping and strategies that depend on very brief price movements. It is intended to test a repeatable trading approach. Swing and intraday traders whose positions remain open for at least 3 minutes can follow their usual approach.

06How quickly will I receive my payout?

For the published Nigerian programme, payout requests are reviewed and processed within 24 hours, allowing time for verification and security checks. After processing, funds may reach the Nigerian bank account within 30 minutes to 24 hours. Confirm eligibility and payout requirements for your country with support.

07What is the profit split?

Under the published Nigerian programme, you keep 70% of profits, paid in Naira to your Nigerian bank account. Confirm eligibility and payout requirements for your country before purchasing.

08Which payout methods do you support?

The published payout method is a local Nigerian bank transfer in Naira. International bank accounts are not currently supported under the published terms. Contact support to confirm whether you can meet the eligibility and payout requirements.

09Is there a withdrawal limit per payout cycle?

Yes. Each payout is capped at 50% of your starting equity. After a payout, the account resets to its original challenge size and trading continues. This cycle helps manage the firm's risk while allowing further payouts when you qualify.

10Which trading platform do I use?

MetaTrader 5 (MT5) on Windows, Mac, iOS, and Android. We provide the server login details after purchase. No third-party add-ons or EAs are required — just open the platform and start trading.

11What leverage do I have?

Up to 1:100 on all pairs. The same leverage applies across both the challenge and funded phases for consistency.

12Can I trade in naira or do I have to use USD?

Challenge and funded accounts are denominated in Nigerian Naira only. Payouts are also in Naira to Nigerian bank accounts. Contact support to confirm whether you can meet these requirements from your country.

13Can I use any trading style?

Scalping, swing trading, news trading, and weekend holds are allowed within the published rules. Respect the 3-minute minimum hold, remain active, stay within the 20% drawdown limit, and meet the 10% target. Check the rulebook for prohibited strategies.

14Can I hold positions over the weekend?

Yes. Weekend holds are allowed on both evaluation and funded accounts. Positions are not automatically closed simply because the market is closing. Follow your strategy within the published risk rules.

15Can I trade during major news releases?

Yes. There is no news blackout. You may trade around NFP, CPI, FOMC, and other releases, provided you respect the 3-minute minimum hold and drawdown limits.

16Are Expert Advisors and trading bots allowed?

Yes. Expert Advisors and bots are allowed if they follow the trading rules. HFT, latency arbitrage, and tick-scalping are prohibited. We assess trading activity whether it is placed manually or automatically. You remain responsible for every action your bot takes.

17When can I contact support?

The support hours stated in this FAQ are Monday to Friday, 8am to 5pm WAT (UTC+1, Nigeria time). Outside those hours, email your enquiry for the next business morning. WhatsApp is monitored more closely during market hours. You can also reach us through Chatway and direct messages on our social platforms.

18How quickly does support respond?

During business hours, most WhatsApp messages receive a reply within a few minutes and emails within 6 hours. Responses may take longer during busy market periods, but our team will follow up on your enquiry.

19Who operates NairaFunded, and how can I verify the business?

NairaFunded operates under NFT Resources Limited, a Nigerian corporate entity. VOLTCOM TECHNOLOGIES LTD is our legal partner for backend technology and risk infrastructure. Refer to the published legal terms and contact support for business verification enquiries.

20Do I need to pass the challenge within 30 days?

There is no deadline for reaching the 10% profit target. Take the time your strategy needs, whether that is 3 days or 3 months. Respect the 20% drawdown limit, the 3-minute minimum hold, and the account activity requirements.

21After I pass, how many trading days are required before I can request a payout?

No minimum days required before payout request.

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