Orion Funded has announced the launch of Nova, a new evaluation program that introduces a pay-after-passing model with entry pricing starting from $7. The new program joins Orion Funded’s existing lineup and offers traders a low upfront entry price before completing payment after successfully passing the evaluation.

What Happened

Orion Funded has launched the Nova program as a new addition to its funding lineup.

Previously, Orion Funded’s available programs included:

• Select
• Swing
• Standard
• Zero

According to the firm, traders did not previously have access to the Nova pay-after-passing model.

What's Changed

New Nova Program

The Nova program introduces:

• A pay-after-passing model
• Entry pricing starting from $7
• A 4% profit target
• 8% maximum drawdown during evaluation
• 5% maximum drawdown on funded accounts
• 80% profit split

According to Orion Funded, payment is completed after successfully passing the evaluation stage.

Effective Date

• June 15, 2026

Who Is Affected

The launch applies to:

• New traders considering Orion Funded programs
• Traders interested in low upfront entry pricing
• Traders participating in the Nova program

Impact on Traders

For traders, Nova introduces a new pathway into Orion Funded’s ecosystem through a pay-after-passing structure.

Key program parameters include:

• Entry pricing starting from $7
• A 4% profit target
• Defined evaluation and funded-account drawdown limits
• An 80% profit split

Traders considering Nova should review the full program terms and conditions before participation.

Why This Matters

The launch expands Orion Funded’s available program lineup and introduces an alternative payment structure compared to the firm's existing offerings.

While Orion Funded did not disclose a specific reason for the launch, the Nova program provides an additional option for traders seeking a low initial cost before completing payment after passing the evaluation.

Prop Firm Match Perspective

New pay-after-passing models continue to introduce alternative entry structures within the prop trading industry. Traders considering Orion Funded’s Nova program should review the full terms carefully and ensure they understand the payment structure, profit target, drawdown limits, and profit split before purchasing.

Prop Firm Match will update its Orion Funded profile to reflect the addition of the Nova program.