Hello, everyone, and welcome to Forex Prop Reviews! This time, we’re going to review a prop firm that we haven’t previously covered, and that firm is Prop Nimbus.
With nearly a year of experience in the industry, Prop Nimbus is establishing itself very well and is attracting traders worldwide with its innovative offerings and trader-centric programs. We’ll explore everything you need to know about Prop Nimbus. This includes its key features and distinctive funding models so you can make an informed decision for your trading journey.
Prop Nimbus Review Has Arrived!
With that said, let’s dive in and discover why Prop Nimbus might be the ideal choice for your trading journey. Let’s do it!
Now, if you’re unfamiliar with who they are, they are a fairly new proprietary trading firm that entered the industry in March 2024. They have headquarters in Mahé, Seychelles.
Despite not being in the industry for long, they are rapidly positioning themselves as a strong contender in the prop trading landscape, gaining recognition for their transparency, support, trader-focus policies, and some innovative funding solutions, which we’ll dive into.
Prop Nimbus Funding Options
Prop Nimbus provides traders with a single, two-step evaluation funding option. Traders will have the opportunity to manage account sizes ranging from $5,000 to $200,000. This program is designed to identify skilled traders who can generate consistent profits while managing risk effectively. During the evaluation periods, traders can take advantage of up to 1:50 leverage.
- In phase one, you’re looking at a profit target of 8%, and in phase two, the profit target decreases to 5%. Both phases have the same risk limits: a 5% maximum daily loss and a 10% overall maximum loss. There are no restrictions on the maximum number of trading days in either phase, but traders must trade for a minimum of three days before qualifying for a fully funded account. These rules are pretty industry-standard.
Upon successfully completing both phases, you are awarded a fully funded account. There are no minimum withdrawal requirements—the only conditions are to maintain compliance with the 5% maximum daily loss and 10% overall maximum loss rules. Once fully funded, your first payout becomes available 14 calendar days after placing your first trade on the funded account, and subsequent withdrawals can be requested on a bi-weekly basis. Traders retain 90% of the profits they generate on their funded accounts, which is a lucrative opportunity for successful participants.
Important Rules to Keep in Mind
In addition to these key parameters—obviously hitting the profit targets, which we find very realistic at 8% and 5%, respectively—you also have a 5% daily and 10% overall loss rule, which is industry-standard and very manageable. There are also some key rules to keep in mind, including a consistency rule. This mandates uniformity across trading metrics such as position sizes, risk levels, and profits to ensure balanced performance. Profits earned on your best trading day must not exceed 45% of the total profits during the evaluation. This rule applies only to the evaluation phases and encourages disciplined, sustainable trading practices rather than a gambling mentality.
Do you want to know more about the firm? Watch the Full Prop Nimbus Review Video:
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