Questions regarding the trials

NSB Capital Challenge Charter

Introduction

At NSB Capital, we offer traders the opportunity to showcase their skills through rigorously designed challenges, allowing them to access substantial trading capital. Our trials are crafted to assess the abilities of our traders, as we seek competent talents for our upcoming investment fund. We intentionally keep our registration fees low to ensure total transparency and avoid any form of deception, unlike certain market practices.

1. General Conditions of Participation

• The challenges are open to traders of all levels, aged 18 and above.
• Each trader must pay a registration fee to participate in a challenge. These fees are non-refundable, except in specific situations detailed below.
• Only one trading account is assigned per challenge. Any duplication or multiple account usage is strictly prohibited.

2. Profit Target

Our challenges are divided into two phases:

• Phase 1: You must reach a profit target of 10% of the initial capital to pass this first phase.
• Phase 2: Once the first phase is completed, the account is reset, and you must achieve a 5% profit target to successfully complete the challenge.

3. Trial Duration

• Unlike other programs, the time allocated for the challenge is unlimited. You can trade at your own pace and according to your style without any time constraints.

4. Risk Management Rules

• Maximum Drawdown: You must not exceed a maximum drawdown of 8% of the allocated capital over the entire duration of the trial, regardless of the challenge phase. This rule applies to all challenge levels.
• Maximum Daily Drawdown:You must not exceed a maximum daily drawdown of 4% of the allocated capital over the entire duration of the trial, regardless of the challenge phase. This rule applies to all challenge levels.

5. Authorized Trading Instruments

You are allowed to trade the following instruments:

• Forex (major, minor, and exotic pairs)
• Indices
• Stocks
• Cryptocurrencies
• Commodities
• Trading Robots (EAs): Expert Advisors (EAs) and other automated trading robots are allowed for the challenges. You are free to use algorithms and automated systems as long as they adhere to the risk management rules.

6. Trading Hours and Restrictions

• Overnight Positions: You are allowed to keep positions open overnight.
• Weekend Trading: You can trade during the weekend without any restrictions.
• Trading during Economic Announcements: You are free to trade before, during, and after major economic announcements.

7. ECN Trading Accounts

• All our trading accounts are ECN (Electronic Communication Network) accounts, meaning you benefit from competitive and low spreads to maximize your profits.
• However, commissions will be applied on each open position to offset these advantageous spreads. These commissions are transparent and set according to market best practices.

8. Trial Validation

To successfully complete and validate a challenge:

• You must achieve the profit targets of 10% for the first phase and then 5% for the second phase while respecting the maximum drawdown of 8%.
• Failure to respect this limit will result in the failure of the challenge, even if the profit targets are reached.

9. Actions in Case of Failure

• In case of non-compliance with the rules or failure in the challenge, the trader is not entitled to a refund of the registration fees, except in the specific case mentioned in the next section.
• Traders have the option to retry the challenge by registering again and paying the corresponding fees.

10. Access to Funded Capital

• Once you have successfully validated both phases of the challenge, you will gain access to a real funded trading account, corresponding to the margin of the maximum loss limits.
• The funded account will be managed in partnership with our broker Vantage.

11. Withdrawal Conditions for Funded Traders

• Minimum Profit Requirement: To withdraw their gains, funded traders must achieve at least a 5% profit on their funded account.
• Unlimited Withdrawals from 5%: Once the 5% profit target is reached, traders can withdraw their gains at any time, without restriction.
• Withdrawal Limitation: Traders can make up to 3 withdrawals per month maximum.

12. Refund in Case of Capital Shortage

• In the unlikely event that we lack the capital to grant funds to traders who have passed the test, the registration fees will be fully refunded to them, even after the trial has been validated.
• We commit to being fully transparent with our traders. Although this scenario is highly unlikely, we prefer to anticipate this type of situation to ensure a trustworthy environment.

13. Commitment to Transparency and Honesty

At NSB Capital, we are firmly committed to maintaining a transparent, honest, and healthy environment for our traders. We uphold our core values by placing the interests of our traders at the heart of our decisions and scrupulously adhering to our commitments. We build our brand on the foundation of trust and transparency, providing a fair and equitable experience for all our traders.

14. Our Mission

Our challenges are designed to identify the most competent and talented traders who will join our future investment fund. We offer you a real chance to prove your skills without the financial barriers encountered elsewhere. At NSB Capital, we invest in your success with full transparency, without seeking to trap you with excessive fees.

Conclusion

We believe that success lies in the freedom of strategy and intelligent risk management. By offering you a flexible framework and fair conditions, we empower you to demonstrate your true potential as a trader.