TopOneTrader Launches NOVA and Payday: Pay-After-Pass and 8-Hour Payout Accounts

TopOneTrader has introduced two disruptive account types designed to lower entry barriers and accelerate access to capital. These new options, named NOVA and Payday, offer cost structures and profit objectives that differ radically from traditional evaluations.

NOVA Model: 1-Step Evaluation with Post-Pass Payment

The NOVA account allows traders to start a single-step evaluation for an upfront fee of just $7. The actual cost of the account, known as the activation fee, is only paid after the user has successfully passed the evaluation phase.

Activation Details and Costs

• Upfront Fee: $7 (non-refundable, separate from activation).
• Activation Window: 30 days after passing to complete the payment.
• Activation Fees by Account Size:
  • $25,000: $165
  • $50,000: $275
  • $100,000: $550
  • $200,000: $880
  • $300,000: $1,210

NOVA Rules and Conditions

• Profit Target: 5%.
• Loss Limits: No daily limit; 6% maximum trailing drawdown during evaluation and 5% once funded.
• Profit Split: 90% default (upgradable to 100% via add-on).
• Consistency: A 20% Equity Stability Score (ESS) requirement must be met for withdrawals.
• Resets: Unlimited free resets during the evaluation phase.

Payday Model: Payouts in an 8-Hour Session

Payday is a short-term account model that replaces traditional percentage profit targets with a multiplier system based on successful trades within an 8-hour window.

Stake and Multiplier Mechanics

Traders choose an initial stake between $25 and $500 (in $25 increments). The goal is to complete a specific number of trades, each reaching at least 1% profit:

• 2x Multiplier: Requires 3 winning trades.
• 5x Multiplier: Requires 4 winning trades.
• 10x Multiplier: Requires 6 winning trades.

Payday Operating Conditions

• Time Limit: 8 hours starting from the first trade. Payout requests must be submitted before the window expires.
• Loss Limit: 1.5% trailing drawdown.
• Restrictions: Only one open trade at a time.
• Platforms: MetaTrader 5 and MatchTrader.
• Payout: The trader receives 100% of the result (Stake × Multiplier). Once the payout is approved, the account is automatically closed.