Frequently asked questions
What is a trading day?
A trading day is counted when you have at least one open position during that particular day.
For example, if you have three open positions during one day, it’s still one trading day.
If you ONLY close a position within any day without opening one, it will not be counted as a trading day.
What is the overall drawdown (Overall DD)?
Overall DD is the overall/maximum allowed loss of the initial balance/equity you can have.
The overall DD is different depending on the program you are participating in.
Breaching the overall DD will lead to automatic account termination. You will be notified automatically with an email.
The overall DD is different depending on the program you are participating in.
Breaching the overall DD will lead to automatic account termination. You will be notified automatically with an email.
What if I want to leave some of my profits in the account so that I can have more capital for the next 30 days so I can get a higher profit split, assuming I make more than 5% the whole month?
Once you have met the above criteria, it is up to you to request a withdrawal or not. The requested amount is again your decision.
But keep in mind that if you want to scale up your account, you need to have a minimum of 3 consecutive months, making 5% or more.
For example:
You make 20% in September on $10 000. The total amount for the month will be $12 000. So, in October, you need to make 5% on $12 000 and so on.
But keep in mind that if you want to scale up your account, you need to have a minimum of 3 consecutive months, making 5% or more.
For example:
You make 20% in September on $10 000. The total amount for the month will be $12 000. So, in October, you need to make 5% on $12 000 and so on.
What is a daily drawdown?
Daily drawdown is the max loss you can have for the day. Breaching this threshold will lead to automatic account termination. Again, you will be notified automatically with an email.
It measures the difference between your previous day's equity and your current equity. If the difference is bigger than the tolerance given in the program, your account will be terminated.
You can see and track your previous day's equity easily as it’s sent every day at midnight (Server/MT5 platform time) with the MT5 trading report.
It measures the difference between your previous day's equity and your current equity. If the difference is bigger than the tolerance given in the program, your account will be terminated.
You can see and track your previous day's equity easily as it’s sent every day at midnight (Server/MT5 platform time) with the MT5 trading report.
What will happen if my account is in profit or I hit the target, but I have breached one or more of the program’s rules?
Unfortunately, if even one rule is breached, the account will be suspended, and no profits will be split.
However, you have the opportunity to start again by repurchasing the program you want. For those traders we have a 20% discount of all the accounts with $5000 and above.
However, you have the opportunity to start again by repurchasing the program you want. For those traders we have a 20% discount of all the accounts with $5000 and above.
What are the news trading restrictions?
We don't have any news trading restrictions in both programs - Kick Start and Evaluation one.
However, we encourage you to keep the economic calendar in mind and be cautious of the important news coming as they can be a reason for huge market volatility.
However, we encourage you to keep the economic calendar in mind and be cautious of the important news coming as they can be a reason for huge market volatility.
Can I also open multiple positions for one pair?
In the Evaluation phase, you can’t open multiple positions for one pair simultaneously.
How many positions can I open?
There are no limits on the number of open positions. However, as you are responsible for the capital you are trading, we advise keeping the positions in the book as many as you can manage and are comfortable with.
What is the maximum lot size I can trade?
There is no max lot size. However, nobosso.com encourages traders to use proper money management and trade with reasonable lot sizes.
Can I trade gold and silver while I am in the Evaluation phase?
Yes, you can.
When in the Evaluation process, what will happen If I have one position with less than 40 pips target – let’s say 20 pips?
We will just count this trade as neither negative nor positive. So let’s say you have 39 trades and this is your 40th trade, you will need one more to fulfil the criteria of full 40 trades.
What happens if I cancel my subscription in the middle of the month?
If you cancel your subscription at any time, your account will be disabled and your results will not count.
Didn’t you say it’s real money? Why do I still trade demo?
A Nobosso Account is a fully simulated account with actual market quotes from liquidity providers. Thanks to our proprietary risk management algorithm, we copy the trades at our discretion using aggregated orders.
Do you allow EA trading?
No, Expert Advisors are not allowed.
Why is there a target of 10% before I can withdraw my profits?
We avoid transfers of small payouts such as $5 or $10, as the charging fee makes them meaningless. In addition, we believe that a trader should have an incentive,a goal to strive for in order to be remunerated.
What will happen if I don’t trade for one entire month?
We will close your trading account if you don’t trade for an entire month.You must pass the entry procedure again to have an active account.
We invest in active participation. Therefore, ensure you have time to trade before enrolling in one of our programs and open at least one trade throughout the month.
However, if unforeseen circumstances prevent you, send us an email, and we will review your case.
We invest in active participation. Therefore, ensure you have time to trade before enrolling in one of our programs and open at least one trade throughout the month.
However, if unforeseen circumstances prevent you, send us an email, and we will review your case.
Is there a limit to the amount I can trade?
Yes. The limit is $1 million. After reaching this amount, you can contact us to increase your limit. We will review your request and get back to you.
What is the scaling plan?
What info should I provide to process the payout?
To receive the payout via PayPal, you must provide your PayPal address.
In the case of Binance Pay, you must provide your Binance ID or email address.
In the case of Binance Pay, you must provide your Binance ID or email address.
When will I receive the payout in my bank account?
After receiving a payout request from your side, we will carefully revise your account and will process it within 24 to 48 hours (if there are no rules breached). Binance Pay and PayPal are our current payout methods.
What do I need to do to receive my profit split/payout?
If the withdrawal criteria for the particular program are met, you need to send an invoice or a request via mail saying you are requesting a profit withdrawal.
When can I expect my payout?
It depends on the program you are trading in.
For the Evaluation program:
For the Evaluation program:
- Payouts are available after a minimum of 10 active trading days and a 5% performance
- Bi-weekly payouts are available after the first month
- A trader should mail us after he hits the target so we can do a final overview and process the payout
- Have a minimum of 10 active trading days in the current month
- Have a minimum trading performance of 5%
Payouts are processed once a month. Please note that the above two criteria must be met, and you should send us a request via mail
When will I receive my trading account?
With both programs - the Kick Start and the Evaluation, you will receive your trading account credentials within 2-3 minutes after the registration fee is purchased successfully. In some cases, where a manual set-up is needed, the account credentials will be delivered in between 24 to 48 hrs.
How to get started with the NoBosso Evaluation Mode Program?
- Register on the nobosso.com website.
- Log in to ‘My Nobosso”, go to the program’s page and click “Select”.
- Click “Start program” and select your desired capital by selecting “Select Funding”.
- Pay the registration fee, and you are set to go. You will see your trading account credentials in your Nobosso personal profile in the “Account info” section.
How to get started with the NoBosso Kick Start Program?
- Register on the nobosso.com website.
- Log in to ‘My Nobosso”, go to the program’s page and click “Select”
- Click “Start program” and select your desired capital by selecting “Select Funding”.
- Pay the registration fee, and you are set to go. You will see your trading account credentials in your Nobosso personal profile in the “Account info” section.