General Questions
What is Nefitra?
Nefitra is a project aimed at finding and growing talented traders. We have a testing stage to figure out if a trader has what it takes. After passing this test, traders can work with Nefitra and manage our company's funds online. As a Nefitra Trader, you keep 50% of the profit you make while working with us. Our company covers all losses if there are any.
Who can join Nefitra?
Any trader from any country can join. Both beginners and pros are welcome.
Why would this interest me?
If you're a trader, you probably face issues like:
- Small trading accounts
- Fear of losing money
- Mental stress
- Lack of discipline
- Limited growth
- Lack of support
At Nefitra, you can manage up to $100,000. Our company keeps 50%, but you still get a good chunk. Plus, you're not responsible for losses; the company covers them. We monitor your performance and set simple trading rules. This will help you manage risks better.
- Small trading accounts
- Fear of losing money
- Mental stress
- Lack of discipline
- Limited growth
- Lack of support
At Nefitra, you can manage up to $100,000. Our company keeps 50%, but you still get a good chunk. Plus, you're not responsible for losses; the company covers them. We monitor your performance and set simple trading rules. This will help you manage risks better.
How to become a Nefitra Trader?
To become a Nefitra Trader, follow these steps:
- Register (takes 2 minutes)
- Decide your starting capital and pay for it
- Pass the test (you can do this in 14 trading days)
- Sign an agreement with us and go through KYC (Know Your Customer)
- Register (takes 2 minutes)
- Decide your starting capital and pay for it
- Pass the test (you can do this in 14 trading days)
- Sign an agreement with us and go through KYC (Know Your Customer)
What makes us special?
• One-time fee (no recurring or other charges)
• Your initial fee is returned with your first profit withdrawal
• No limits on your trading style
• No limits on trading volume
• No limits on trading assets (Forex, commodities, indices, cryptocurrencies, stocks)
• Detailed account analysis
• Great trading conditions
• Multiple trading platforms (MT4, MT4-Mobile, Web-terminal, InstaTrade)
• Affiliate program.
• Your initial fee is returned with your first profit withdrawal
• No limits on your trading style
• No limits on trading volume
• No limits on trading assets (Forex, commodities, indices, cryptocurrencies, stocks)
• Detailed account analysis
• Great trading conditions
• Multiple trading platforms (MT4, MT4-Mobile, Web-terminal, InstaTrade)
• Affiliate program.
How long does it take to become a Nefitra Trader?
The minimum requirement for the testing stage is to trade for at least 14 trading days. You don't have to wait for the entire testing period to end.
What if I fail? Do I get a second chance?
If you break any trading rules on either the test or real account, that account will be blocked. But you can always take the test again and get a new real trading account. There's no limit on the number of attempts or the number of test/real accounts you can have at once.
Can I trade Forex?
Yes, Nefitra traders can trade all instruments provided by the broker InstaForex, including Forex.
Can I trade Cryptocurrency?
Currently, the broker InstaForex offers trading in a limited number of cryptocurrencies.
What instruments can I trade, and what strategies can I use?
Your trading style is entirely up to you. We have no restrictions on your trading strategy, whether it's discretionary trading, hedging, algorithmic trading, or using expert advisors. There's no limit on the assets or position sizes you can trade.
Can I trade news?
Yes, our traders can use any tools and strategies as long as they don't break Nefitra's rules. Nefitra traders can trade news.
Do I have to close my positions overnight?
We don't limit your trading strategy or risk management. You're not required to close positions overnight, although we recommend doing so to avoid volatility.
Starting Capital
Options for Trading Deposits
For Nefitra traders, there are three options for starting capital to choose from:
• $10,000
• $50,000
• $100,000
• $10,000
• $50,000
• $100,000
Difference Between Capital Packages
The only difference between the options for starting capital is the deposit amount. The trading rules for all starting capital options are exactly the same.
Test Account
A test account is an account with a virtual deposit designed for training/testing traders.
Real Account
A real account is an account with a real USD deposit, designed for actual trading on the Forex exchange.
Funding Process
Access to Trading Account After Payment
Once you've paid the initial capital fee, you'll automatically receive the credentials for a test account within a few minutes. These credentials will appear in your personal dashboard on nefitra.com under the "My Attempts" section. For the real account, you'll get access after successfully passing the testing stage, signing a contract with the company, and completing a KYC verification. These details will also appear in the "My Attempts" section of your dashboard.
Testing stage
Before managing the company's capital, you need to prove your trading skills and risk management abilities. The testing stage has the following rules to balance profit and loss:
• Target Profit: 10%
• Maximum Loss: -10%
• Maximum Daily Loss: -5%
• Leverage: 1:100
• Positive Trading Days: 50%
• Testing Period: 14 trading days
• Target Profit: 10%
• Maximum Loss: -10%
• Maximum Daily Loss: -5%
• Leverage: 1:100
• Positive Trading Days: 50%
• Testing Period: 14 trading days
What Happens After Successfully Completing the Testing stage?
Once you've successfully completed the testing stage, our analytics department will review your account to exclude any technical errors (this will take no more than one working day). After this review and if no rule violations are detected, we will send you a contract with further instructions.
Contract with Nefitra
Before granting you access to a real trading account with company capital, a contract needs to be signed. This contract will only cover one real account. If you successfully pass multiple testing stages, a separate contract will be required for each real account. You can find a sample contract in a specified section of the website.
KYC Procedure
Before you get access to a real trading account with our company's capital, you must successfully pass a Know Your Customer (KYC) procedure. This process is conducted by our partner, InstaForex. Each real account is in the trader's name, hence the need for identity verification. A trader only needs to go through the KYC process once; no need for repeat verification for additional real accounts. More details can be found by following a specific link.
Getting a Real Account
After successfully passing the testing stage, signing a contract, and completing the KYC process, you'll get access to a real trading account. This access will appear in the "My Attempts" section of your nefitra.com dashboard. The real account will have the same deposit amount as the test account you passed. The account will be indefinitely usable as long as no trading rules are violated. Violating any rule will result in automatic account suspension, and recovery will not be possible. The real account has reasonable trading rules, similar to the testing stage:
• Profit Target: 10%
• Max Loss: -10%
• Max Daily Loss: -5%
• Leverage: 1:100
• Positive Trading Days: 50%
• Period: Unlimited
• Profit Target: 10%
• Max Loss: -10%
• Max Daily Loss: -5%
• Leverage: 1:100
• Positive Trading Days: 50%
• Period: Unlimited
How Long Can I Wait Before Trading?
Test Account: The testing period starts the moment the access credentials appear in your dashboard on nefitra.com, under the "My Attempts" section. Accounts operate in UTC time.
- Real Account: After successful KYC verification, we'll contact you via email to schedule the date for making the real account access credentials available. We can postpone sending the credentials for up to 10 calendar days from the moment you're notified via email about successfully passing the KYC process. If no response is received within 30 calendar days, the real account is automatically suspended. The countdown for the real account begins the moment you receive access in your dashboard.
- Real Account: After successful KYC verification, we'll contact you via email to schedule the date for making the real account access credentials available. We can postpone sending the credentials for up to 10 calendar days from the moment you're notified via email about successfully passing the KYC process. If no response is received within 30 calendar days, the real account is automatically suspended. The countdown for the real account begins the moment you receive access in your dashboard.
Trading Rules for the Test Account
Profit Rule
You need to make at least 10% profit from your starting money within 30 days. For example, if you start with $100,000, you should make $10,000 in profit within 30 days.
Maximum Loss Rule
You can't lose more than 10% of your starting money. Your account should never go below 90% of your starting balance within the 30-day period. If you start with $100,000, the lowest your account can go is $90,000. This counts both closed and open positions. The 30-day limit includes all costs like fees and swaps. Losing only up to 10% of your initial money gives you room to prove that your trading strategy is good for investment. This is a safety net to keep you trading even if you start off with some losses. We believe that under no circumstances should a trader's account go below 90% of its starting value.
Maximum Daily Loss Rule
The rule for maximum daily loss is set at -5% of the initial capital given to you. This means throughout the day, the total of your closed positions along with your current open floating profits or losses (P/L) should not reach the daily loss limit.
Formula: Current daily loss = Today's closed positions + Result of open positions.
Example: If you start with $100,000, the most you can lose in a day is $5,000. If you've already lost $4,000 in closed trades, your account should not go down by more than another $1,000 that day. This includes both closed and open floating losses. Commissions and swaps are part of this limit.
Also, if you made $4,000 in one day, you could afford to lose up to $9,000, but no more. Again, this counts your open trades. For example, if you closed trades with a $4,000 loss and then opened a new trade with a floating loss of -$1,200 but ended up positive, at some point you had a loss of -$200. So, your daily loss would be -$5,200, which is over the allowed $5,000 loss.
Be careful, the daily loss resets at midnight (24:00 CEST)! Suppose you made a profit of $6,000 one day and have an open position with a floating loss of -$8,000. Your daily loss would be -$2,000 ($6,000 closed profit; -$8,000 open position), and you wouldn't have broken the rule. But if you hold that -$8,000 open position past midnight, you'll have breached the limit for the new day because the $6,000 profit from the previous day doesn't carry over.
The maximum daily loss rule gives traders enough room to trade while making sure the company has a clearly defined daily risk. Both the trader and the company benefit from this rule because it ensures the account value won't fall below the set limit.
Formula: Current daily loss = Today's closed positions + Result of open positions.
Example: If you start with $100,000, the most you can lose in a day is $5,000. If you've already lost $4,000 in closed trades, your account should not go down by more than another $1,000 that day. This includes both closed and open floating losses. Commissions and swaps are part of this limit.
Also, if you made $4,000 in one day, you could afford to lose up to $9,000, but no more. Again, this counts your open trades. For example, if you closed trades with a $4,000 loss and then opened a new trade with a floating loss of -$1,200 but ended up positive, at some point you had a loss of -$200. So, your daily loss would be -$5,200, which is over the allowed $5,000 loss.
Be careful, the daily loss resets at midnight (24:00 CEST)! Suppose you made a profit of $6,000 one day and have an open position with a floating loss of -$8,000. Your daily loss would be -$2,000 ($6,000 closed profit; -$8,000 open position), and you wouldn't have broken the rule. But if you hold that -$8,000 open position past midnight, you'll have breached the limit for the new day because the $6,000 profit from the previous day doesn't carry over.
The maximum daily loss rule gives traders enough room to trade while making sure the company has a clearly defined daily risk. Both the trader and the company benefit from this rule because it ensures the account value won't fall below the set limit.
Leverage
On all demo accounts, a leverage of 1:100 is available. Leverage is a service that a broker provides for every trader, allowing them to borrow funds or securities to trade on the exchange.
Positive Trading Days
The trading rule for "Positive Trading Days" is set at 50%. This means you need to achieve at least 50% positive days compared to the number of negative days. A positive day is defined as a day when the account balance at 23:59:59 UTC is higher than it was at 00:00:01 UTC that same day (according to UTC time).
Minimum Trading Days
The testing stage lasts for 30 calendar days. During this period, there is a trading rule for "Minimum Trading Days," which is set at 14 trading days. To meet this criterion, you must trade for at least 14 days during the testing stage. At least one position should be open on each of these days. A trading day is defined as a day when at least one trade is made. If a trade spans multiple days, the trading day is counted as the day the trade was initiated.
You do not have to use the entire 30-day testing period. As soon as all the trading tasks for the testing stage have been successfully completed, the testing stage is considered passed. The minimum time to complete the testing stage is 14 trading days.
These rules establish a framework within which traders can measure their consistency and risk management skills. It provides a balance between trading freedom and risk control for both the trader and the broker.
You do not have to use the entire 30-day testing period. As soon as all the trading tasks for the testing stage have been successfully completed, the testing stage is considered passed. The minimum time to complete the testing stage is 14 trading days.
These rules establish a framework within which traders can measure their consistency and risk management skills. It provides a balance between trading freedom and risk control for both the trader and the broker.
Live account trading rules
Profit Rule
The "Profit" trading rule is set at 10% of the initial capital deposit. This rule means that the trader must make a profit of at least 10% from the initial account balance on the provided real account within a period of up to one calendar month. For example: If you are trading on an account with an initial capital of $100,000, then your profit must be $10,000 over a period of one calendar month.
Maximum Loss Rule
The "Maximum Loss" trading rule is set at -10% of the initial capital deposit. The balance of the test account must not at any point during one calendar month fall below 90% of the initial account balance. For an account with a deposit of $100,000, this means that the least possible amount of funds in the account can be $90,000. This includes both closed and open positions. The logic for calculation is the same as for the "maximum daily loss" rule, except that it is not limited to one day but spans the entire duration of the test period. The limit includes commissions and swaps.
A -10% of initial capital gives the trader sufficient room to prove that their trading strategy is suitable for investment. It acts as a capital buffer to keep the trader in the game, even if there are initial losses. The rule is designed to ensure that the trader's account cannot reduce below 90% of its value under any circumstances.
These rules offer a clear set of guidelines for traders to adhere to, ensuring that both the individual trader and the brokerage firm are protected from undue risk. Moreover, they set benchmarks that traders can aim to surpass, offering an objective measure of their trading skill and risk management capabilities.
A -10% of initial capital gives the trader sufficient room to prove that their trading strategy is suitable for investment. It acts as a capital buffer to keep the trader in the game, even if there are initial losses. The rule is designed to ensure that the trader's account cannot reduce below 90% of its value under any circumstances.
These rules offer a clear set of guidelines for traders to adhere to, ensuring that both the individual trader and the brokerage firm are protected from undue risk. Moreover, they set benchmarks that traders can aim to surpass, offering an objective measure of their trading skill and risk management capabilities.
Maximum Daily Loss Rule
Current Daily Loss = Results of closed positions of that day + Results of open positions.
For example, with an initial capital of $100,000, the maximum daily loss is $5,000. If you've lost $4,000 in your closed trades, your account should not decrease by more than $1,000 for that day. This also includes not having your open floating losses exceed -$1,000. The limit includes commissions and swaps.
Conversely, if you make $4,000 in one day, you can afford to lose $9,000 but not more than that. Remember, your maximum daily loss also accounts for your open trades. For example, if you closed trades with a loss of $4,000 in one day and then opened a new trade with a floating loss of -$1,200 but ended up being positive, you've lost -$200 at some point. Consequently, your daily loss totals -$5,200, which is more than the allowable loss of $5,000.
Be cautious: the maximum daily loss resets at midnight (24:00 CEST)! Let's say you made a profit of $6,000 one day. On the same day, you have an open position with a floating loss of -$8,000. The maximum daily loss for that day is not violated. The current daily loss is -$2,000 ($6,000 closed profit; -$8,000 open position). However, if you hold that position with an open loss of -$8,000 past midnight, the daily loss limit will be violated. This is because your profit from the previous day does not carry over into the new day, and the open loss of -$8,000 exceeds the maximum allowable daily loss of $5,000.
This maximum daily loss rule provides enough room for the trader to trade while ensuring a clearly defined daily risk for the company. Both the trader and the company benefit from this rule, as the account value will not fall below the set limit.
For example, with an initial capital of $100,000, the maximum daily loss is $5,000. If you've lost $4,000 in your closed trades, your account should not decrease by more than $1,000 for that day. This also includes not having your open floating losses exceed -$1,000. The limit includes commissions and swaps.
Conversely, if you make $4,000 in one day, you can afford to lose $9,000 but not more than that. Remember, your maximum daily loss also accounts for your open trades. For example, if you closed trades with a loss of $4,000 in one day and then opened a new trade with a floating loss of -$1,200 but ended up being positive, you've lost -$200 at some point. Consequently, your daily loss totals -$5,200, which is more than the allowable loss of $5,000.
Be cautious: the maximum daily loss resets at midnight (24:00 CEST)! Let's say you made a profit of $6,000 one day. On the same day, you have an open position with a floating loss of -$8,000. The maximum daily loss for that day is not violated. The current daily loss is -$2,000 ($6,000 closed profit; -$8,000 open position). However, if you hold that position with an open loss of -$8,000 past midnight, the daily loss limit will be violated. This is because your profit from the previous day does not carry over into the new day, and the open loss of -$8,000 exceeds the maximum allowable daily loss of $5,000.
This maximum daily loss rule provides enough room for the trader to trade while ensuring a clearly defined daily risk for the company. Both the trader and the company benefit from this rule, as the account value will not fall below the set limit.
Leverage
On all real accounts, a leverage of 1:100 is available. Leverage is a service that a broker provides for every trader, allowing them to borrow funds or securities to trade on the exchange.
Positive Trading Days
The "Positive Trading Days" rule is set at 50%. This means that you must achieve at least 50% positive days over one calendar month compared to the number of negative days. A positive day is defined as a day when the account balance at 23:59:59 UTC is higher than on the same day at 0:00:01 UTC.
Implications: This rule pushes you toward consistent profitability rather than erratic trading. It encourages risk management and helps to avoid strategies that rely too heavily on big wins to offset frequent small losses.
Implications: This rule pushes you toward consistent profitability rather than erratic trading. It encourages risk management and helps to avoid strategies that rely too heavily on big wins to offset frequent small losses.
Minimum Trading Days
The "Minimum Trading Days" rule is set at 14 trading days. To meet this requirement, you must trade on at least 14 days within one calendar month. At least one position must be opened on each of these days. A trading day is defined as a day when at least one trade is made. If a trade spans multiple days, the trading day is considered the day when the trade was initiated.
Implications: This rule ensures that traders are active and engaged, providing a more consistent performance sample. However, it may discourage more conservative traders who prefer not to trade every day.
Implications: This rule ensures that traders are active and engaged, providing a more consistent performance sample. However, it may discourage more conservative traders who prefer not to trade every day.
Nefitra Account
What are the legal relations between the trader and the Nefitra project in terms of account management?
The relationship between the trader and the Nefitra project is based on a contractual agreement, which we will send you for signature after you pass the testing stage. The contract is a legally binding document. You can review the contract by following the link
Account Deletion
You can delete your account at any time in the "My Profile" section. You can also write to us at help@nefitra.com to request the deletion of your account. Upon account deletion, all test and real accounts associated with this account are automatically blocked.
Account Blocking
For violations of rules, such as changing the password on a test or real account, your account will be blocked. Test and real accounts of the account that violated the rules will also be blocked.
Platforms and Brokers
Which brokers do you work with?
We only work with our partner - the forex broker InstaForex. This broker is one of the leaders in the market, with a colossal number of trading instruments available.
What platforms can I use for my trading?
You can trade on the most popular platforms - MetaTrader 4, MetaTrader 4-Mobile, as well as on the Web terminal and the InstaTrade platform.
Can I change my platform during testing?
You can change your platform at any time.
Contributions
Are there any other fees? Are the fees recurring?
No, we do not charge any additional or hidden fees. Your contribution will be returned to you upon the first withdrawal of profits from the real account of the Nefitra project! You can return the deposit to your personal InstaForex account.
What payment methods are available?
The initial capital contribution can be made using Visa, MasterCard, MIR cards, from a PayPal or Paysera account, or by paying with cryptocurrency. You can familiarize yourself with the current payment methods by following the link: https://nefitra.com/personal/new-subscription (for registered users).
Why are your services paid?
The contribution mainly serves as an obligation for the trader to handle the account with maximum care and responsibility. Additionally, the contribution makes up only a small percentage compared to the size of the account you will receive from us. In other words, the contribution is key to the Nefitra savings account and achieving financial independence. The good news is that you cannot lose more than this contribution, as potential losses are covered by us. Furthermore, the contribution is always returned to the trader with his/her first withdrawal of profits from the real account of the Nefitra project. Our financing program is a highly valued service that we offer, and therefore it has an adequate price.
Payouts
Profit Withdrawal
Profit calculations are made on a monthly basis. If a trader starts trading on a real account on May 11th, the profit division and the possibility to withdraw funds occur on June 11th, then July 11th, and so on. Payments are processed within 1-7 business days after receiving a withdrawal request, then sent to your chosen personal InstaForex account. You don't need to accumulate a minimum profit to get the funds. Regardless of the profit amount, we will pay you 50% of the profit! For further withdrawal methods from the InstaForex personal account, you can read here: https://secure.instaforex.com/en/withdrawals. If you prefer to leave your divided income in the account to increase it and, consequently, enhance your balance and drawdown buffer, you can do so. However, note that we will always deduct 50% of the monthly profit.
How is the Income Shared?
The income is split 50:50 between the trader and the Nefitra project.
Should the Trader Pay Taxes on the Income?
After we sign the contract, you will be eligible to receive 50% of your profit. You will need to manage taxes yourself in accordance with the legislation of your country.