Quick answer: Orion Funded review
Orion Funded offers simulated Zero, Nova, Standard, Swing and Select accounts. Zero skips evaluation; Nova charges $7 initially and a second fee after passing its 4% target. Standard, Swing and Select use static loss floors. Zero's 6% trailing lock follows realized balance, while Nova's funded 5% trailing lock follows equity, including open profits. Zero and funded Nova also need a 3% safety cushion and a 20% Best Day Rule before rewards. Standard and Select currently specify four evaluation days. No PFA coupon is supplied; the existing editorial score remains unchanged.
Orion Funded is a UAE-based simulated Forex/CFD provider founded in 2023. Its lineup ranges from no-target Orion Zero to a three-phase Select challenge. The main comparison issue is not only target count; it is the type of drawdown attached to each program.
Orion Funded program targets
| Program | Phase targets | Minimum trading days |
|---|---|---|
| Orion Zero | None | None |
| Orion Nova | 4% | None |
| Orion Standard | 6% / 6% | 4 separate days |
| Orion Swing | 8% / 5% | 4 separate days |
| Orion Select | 5% / 5% / 5% | 4 separate evaluation days |
The current Select product page and help center now agree on four evaluation trading days. An earlier conflicting no-minimum description is no longer used in this review.
Static and trailing-lock drawdown
Orion documents static and trailing-lock maximum loss. The trailing high-water mark uses balance on Zero and equity on Nova funded accounts. Static remains anchored to starting balance. Balance-trailing rises only when closed balance establishes a high. Equity-trailing can rise from open, unrealised profit and is the most demanding.
Daily loss uses the greater of the previous day's closing balance or closing equity and resets at midnight UTC. Floating positions can therefore affect both the baseline and breach calculation.
The referenced Select 3-Step uses 5% daily and 5% total loss in each phase, with unlimited duration. Because both are equal, the cumulative floor is usually the binding risk constraint.
Rewards and refund
Orion Trader Accounts have no ongoing profit target. The standard share is 80%, with biweekly reward access. The company advertises processing within 48 hours on certain pages; this audit treats that as a service claim, not guaranteed elapsed time. The Select sales page promotes fee refund after the required reward milestone, subject to terms.
Platforms and trading rules
MT5 and Match-Trader are supported. Eligible EAs, news trading and holdings depend on the program. Copying other people, account sharing, latency arbitrage, coordinated hedging and exploiting platform errors are prohibited. Accounts are explicitly demo accounts with fictitious funds.
Strengths
- Multiple target structures, including no-target and low-target paths.
- Clear help center for profit targets and drawdown concepts.
- 80% standard split and biweekly cycle.
- MT5 and Match-Trader availability.
- Dashboard displays risk metrics in real time.
Limitations
- Five programs and three drawdown types increase selection complexity.
- Purchase configuration and phase still control account-specific requirements.
- Equity-trailing plans can react to unrealised highs.
- “48-hour payout” remains conditional on approval and payment rails.
- Operating history is shorter than long-established competitors.
Verdict
Orion's range is useful, especially for traders who select drawdown type intentionally. The existing editorial score is preserved. This audit resolves the previous Select day-count conflict without inventing a new customer rating or firsthand performance assessment.
Editorial methodology and important limitation
This is an independent, document-based audit of Orion Funded, based on first-party pages available on 3 October 2026. We did not open or fund an account, trade, receive an allocation or request a payment. Company-hosted totals, testimonials and speed statements are identified as claims rather than independent proof. Terms, regional entities and product generations can change, so verify the current agreement.
Official sources reviewed
- https://www.orionfunded.com/faq/programs/profit-targets
- https://www.orionfunded.com/faq/programs/max-drawdown
- https://www.orionfunded.com/faq/programs/daily-loss
- https://www.orionfunded.com/faq/new-to-orion/how-it-works
- https://www.orionfunded.com/3-step-orion-challenge/
Current loss limits by program and stage
| Program | Daily loss | Overall loss | Main distinction |
|---|---|---|---|
| Zero | 3% | 6% trailing lock | Balance high-water mark |
| Nova evaluation | 4% | 8% | Check selected evaluation contract |
| Nova funded | 3% | 5% trailing lock | Equity high-water mark |
| Standard | 3% | 6% static | Two 6% targets |
| Swing | 5% | 8% static | 8% then 5% targets |
| Select | 5% | 5% static | Three 5% targets |
The daily baseline uses the higher prior closing balance or equity at midnight UTC. Real-time equity, fees and floating loss are checked against the limit. A balance-based maximum-loss high-water mark does not mean unrealized losses can be ignored. Daily loss rules; program comparison.
Published account prices in USD
- Standard fee
- $49
- Select fee
- $59
- Nova initial + activation = total
- $7 + $69 = $76
Zero and Nova reward safeguards
On Zero and Nova funded accounts, the first 3% of profit is retained as a safety cushion before requesting a reward. On a $100K account, that means first building $3,000 before considering a withdrawal of further profit. This does not itself trigger or reset the trailing lock; the floor follows its own high-water-mark calculation.
The Best Day Rule limits the most profitable day to 20% of total simulated profit in the cycle. A $1,000 best day therefore needs at least $5,000 cycle profit to meet that percentage. Missing the percentage delays reward access rather than automatically being a loss-limit breach. The rule does not apply during Nova evaluation or to Standard, Swing and Select. Drawdown and cushion; Best Day Rule.
Reward timing, review and source reconciliation
The reward FAQ says there is no initial waiting period before the first request once the account is in simulated profit, positions are closed and all program conditions are met. After approval, the next window opens 14 days later. Trading is paused while a submitted request is reviewed. Nova marketing contains both daily and biweekly wording, so the reward FAQ and issued agreement are the safer reference; do not promise daily cash withdrawals from the banner alone.
A quoted 48-hour processing claim is distinct from reaching the next request window or having an approved payment delivered. The 80% split applies to an approved reward, not to the whole nominal account. Reward request policy.
Before choosing an Orion account
Record the model, initial fee, any post-pass fee, targets and loss calculation for both evaluation and funded stages. A Nova evaluation's 8% allowance changes to a 5% equity-trailing funded structure, so passing does not show that the same position sizing remains suitable afterward. Zero removes the challenge target but introduces the buffer and best-day gates. Static Standard/Swing/Select accounts offer a more predictable floor at the cost of multiple targets.
The current footer identifies Orion Global FZCO and a related Saint Lucia entity, OGM International Ltd. It says the service provides simulated trading and educational tools, does not act as a broker and does not accept deposits. Company-reported reward totals and awards do not independently establish payout reliability. A no-target funded account still has risk, verification and reward requirements. Company disclosure.
Trading Conditions
- Profit split
- 80%
- Max drawdown
- Standard 6%, Swing 8%, Select 5% static; Zero 6% balance trailing-lock; Nova 8% eval/5% equity trailing-lock funded
- Daily drawdown
- Zero/Standard 3%; Nova 4% evaluation/3% funded; Swing/Select 5%
- Profit target
- None Zero; 4% Nova; 6%/6% Standard; 8%/5% Swing; 5%/5%/5% Select
- Payout frequency
- First request when conditions met; later windows 14 days after approval; Nova banner wording conflicts
- Platforms
- MT5, Match-Trader
- Instruments
- Forex, indices, commodities and crypto CFDs where offered
- News tradingAllowed
- EAs / botsAllowed
- Copy tradingNot allowed
Audit Points
- 1Current Select four-day requirement reconciled across product and help pages.
- 2Zero versus Nova funded high-water marks distinguished: realized balance versus equity.
- 3Zero/Nova funded require 3% buffer and 20% best-day gate.
- 4Nova $7 initial fee plus activation totals documented across six sizes; 30-day activation deadline.
- 5Zero, Standard and Select current public fee cards tabulated; Swing fees remain unresolved.
- 6Rewards FAQ prevails over conflicting daily/biweekly marketing claims.
- 7Existing editorial ratings preserved; no customer or firsthand payout claims fabricated.
Orion Funded — Frequently Asked Questions
Nova 4%; Standard 6%/6%; Swing 8%/5%; Select 5%/5%/5%; Zero has no evaluation.
The $7 registration is followed by a size-dependent activation fee after passing. For $100K, $7+$669 totals $676; the published deadline is 30 days after passing.
Zero uses a 6% balance-high-water trailing lock and Nova funded uses 5% equity-high-water trailing lock. Standard, Swing and Select have static floors.
Zero and Nova funded retain the first 3% of profit before reward requests. It does not independently trigger the drawdown lock.
On Zero and Nova funded, the largest profit day must be at most 20% of cycle profit. It does not apply to Nova evaluation or Standard/Swing/Select.
Current product and help pages agree on four evaluation trading days; no minimum is stated for the funded stage.
The reward FAQ describes first access when all conditions are met and later windows 14 days after approval. Nova marketing has inconsistent daily/biweekly wording, so follow the agreement and reward policy.
Yes. The official footer explicitly describes demo accounts with fictitious funds and simulated trading.
No. Existing code fields remain unchanged; no new discount or unrelated code is invented.