Prop Nimbus, launched in March 2024 and operated by FGC Media Ltd., is a Seychelles-based proprietary trading firm offering two funding programs: a two-step Evaluation Program and an Instant Funded option. Traders can access account sizes up to $200,000 with profit splits ranging from 80% to 90%. The firm supports trading across forex, indices, commodities, and cryptocurrencies, with leverage up to 1:50

Evaluation Program Highlights:

• Phase 1: Achieve an 8% profit target without exceeding a 5% daily or 10% overall loss.

• Phase 2: Reach a 5% profit target under the same loss constraints.

• Trading Days: Minimum of 3 trading days per phase; no maximum trading period.

• Payouts: First payout available after 14 calendar days; subsequent payouts bi-weekly.

• Profit Split: 90% on funded accounts

Instant Funded Program:

• Profit Target: 6% with a 3% daily and 6% trailing loss limit.

• Profit Split: 80% to 100%, depending on performance.

Pros:

• Flexible Trading Conditions: No maximum trading period and allowance for news trading, overnight, and weekend positions.

• User-Friendly Platforms: Access to TradeLocker, Match-Trader, and Platform 5.

• Positive Community Feedback: Trustpilot rating of 4.0/5, with 64% five-star reviews.

Cons:

• No Scaling Plan: Unlike some competitors, Prop Nimbus lacks a scaling strategy for growing account sizes.

• Limited Educational Resources: Currently, the firm does not offer additional educational content for traders.

• Higher Entry Costs: Evaluation fees are above average compared to some other prop firms

Conclusion:

Prop Nimbus presents a viable option for traders seeking flexible trading conditions and competitive profit splits. While the firm shows promise, potential traders should be aware of its limitations, such as the absence of a scaling plan and limited educational support. As with any prop firm, it’s advisable to thoroughly review their terms and conditions and consider starting with a smaller account size to assess compatibility with your trading style.