Orion Funded
Saint Luciaorionfunded.com
Orion Funded is a multi-asset simulated prop trading and evaluation company established in September 2023, with its current legal terms identifying OGM International Ltd (Saint Lucia) as the provider of its services — this supersedes an earlier company summary that had listed the UAE as the firm's location. All Orion accounts operate in a simulated environment using fictitious capital rather than direct live-market execution. The firm runs five programs across MT5 and MatchTrader: Orion Zero (Instant Funding, no profit target, 3% daily loss, 6% trailing-balance maximum loss, 5K-100K), Orion Nova (1-Step, Pay-After-You-Pass, 4% target, 4% daily loss, 8% trailing-balance maximum loss, 1:2 PT:DD, flat $3.50/$7.00 pricing across all listed sizes), Orion Standard (2-Step, 6%/6% phase targets, 3% daily loss, 6% static maximum loss, 1:0.5 PT:DD, 5K-200K), Orion Swing (2-Step, 8%/5% phase targets, 5% daily loss, 8% static maximum loss, 1:0.77 PT:DD, 5K-100K, unrestricted news trading on funded accounts), and Orion Select (3-Step, 5%/5%/5% phase targets, 5% daily loss, 5% static maximum loss, 1:0.33 PT:DD, 5K-200K). All five programs carry an 80% standard reward split (increasing to 90% after qualifying for the Scaling Plan) and a 14-day payout cycle. Orion Zero and Nova funded accounts carry a 3% safety cushion (the first 3% of profit is not immediately reward-eligible) and a 20% Best Day Rule; Orion Zero trades placed within 5 minutes of high-impact news receive a reduced 50% reward split rather than the standard 80%; Standard, Nova, and Select funded accounts restrict order execution within 2 minutes before/after high-impact news, while Swing permits unrestricted news trading. Overnight and weekend holding are permitted across all five programs. Commission is $4 per lot on Forex, metals, and commodities, with indices, stocks, and cryptocurrency commission-free. Total allocation across active accounts is capped at $400,000 before scaling, with scaling able to raise total allocated capital substantially beyond that, up to a stated $4 million ceiling. Passing an evaluation makes a trader a candidate for the Orion Trader Program but does not itself guarantee acceptance, and Orion's own Terms state that its services are not regulated financial services.
Challenge Programs
Orion Zero (Instant)
| Account | Steps | Target | Daily loss | Max Loss | Split | Price | |
|---|---|---|---|---|---|---|---|
| $5,000 | Instant | None | 3% | 6% (Trailing Balance) | 80% | $199.00$99.50 | Buy |
| $10,000 | Instant | None | 3% | 6% (Trailing Balance) | 80% | $349.00$174.50 | Buy |
| $25,000 | Instant | None | 3% | 6% (Trailing Balance) | 80% | $499.00$249.50 | Buy |
| $50,000 | Instant | None | 3% | 6% (Trailing Balance) | 80% | $799.00$399.50 | Buy |
| $100,000 | Instant | None | 3% | 6% (Trailing Balance) | 80% | $1,149.00$574.50 | Buy |
Orion Nova (1-Step, Pay After You Pass)
| Account | Steps | Target | Daily loss | Max Loss | Split | Price | |
|---|---|---|---|---|---|---|---|
| $10,000 | 1 Step | 4% | 4% | 8% (Trailing Balance) | 80% | $7.00$3.50 | Buy |
| $25,000 | 1 Step | 4% | 4% | 8% (Trailing Balance) | 80% | $7.00$3.50 | Buy |
| $50,000 | 1 Step | 4% | 4% | 8% (Trailing Balance) | 80% | $7.00$3.50 | Buy |
| $100,000 | 1 Step | 4% | 4% | 8% (Trailing Balance) | 80% | $7.00$3.50 | Buy |
| $200,000 | 1 Step | 4% | 4% | 8% (Trailing Balance) | 80% | $7.00$3.50 | Buy |
Orion Standard (2-Step)
| Account | Steps | Target | Daily loss | Max Loss | Split | Price | |
|---|---|---|---|---|---|---|---|
| $5,000 | 2 Steps | 6% (Phase 1) / 6% (Phase 2) | 3% | 6% (Static) | 80% | $49.00$24.50 | Buy |
| $10,000 | 2 Steps | 6% (Phase 1) / 6% (Phase 2) | 3% | 6% (Static) | 80% | $99.00$49.50 | Buy |
| $25,000 | 2 Steps | 6% (Phase 1) / 6% (Phase 2) | 3% | 6% (Static) | 80% | $209.00$104.50 | Buy |
| $50,000 | 2 Steps | 6% (Phase 1) / 6% (Phase 2) | 3% | 6% (Static) | 80% | $329.00$164.50 | Buy |
| $100,000 | 2 Steps | 6% (Phase 1) / 6% (Phase 2) | 3% | 6% (Static) | 80% | $629.00$314.50 | Buy |
| $200,000 | 2 Steps | 6% (Phase 1) / 6% (Phase 2) | 3% | 6% (Static) | 80% | $1,149.00$574.50 | Buy |
Orion Swing (2-Step)
| Account | Steps | Target | Daily loss | Max Loss | Split | Price | |
|---|---|---|---|---|---|---|---|
| $5,000 | 2 Steps | 8% (Phase 1) / 5% (Phase 2) | 5% | 8% (Static) | 80% | $49.00$24.50 | Buy |
| $10,000 | 2 Steps | 8% (Phase 1) / 5% (Phase 2) | 5% | 8% (Static) | 80% | $99.00$49.50 | Buy |
| $25,000 | 2 Steps | 8% (Phase 1) / 5% (Phase 2) | 5% | 8% (Static) | 80% | $209.00$104.50 | Buy |
| $50,000 | 2 Steps | 8% (Phase 1) / 5% (Phase 2) | 5% | 8% (Static) | 80% | $329.00$164.50 | Buy |
| $100,000 | 2 Steps | 8% (Phase 1) / 5% (Phase 2) | 5% | 8% (Static) | 80% | $629.00$314.50 | Buy |
Orion Select (3-Step)
| Account | Steps | Target | Daily loss | Max Loss | Split | Price | |
|---|---|---|---|---|---|---|---|
| $5,000 | 3 Steps | 5% (Phase 1) / 5% (Phase 2) / 5% (Phase 3) | 5% | 5% (Static) | 80% | $59.00$29.50 | Buy |
| $10,000 | 3 Steps | 5% (Phase 1) / 5% (Phase 2) / 5% (Phase 3) | 5% | 5% (Static) | 80% | $89.00$44.50 | Buy |
| $25,000 | 3 Steps | 5% (Phase 1) / 5% (Phase 2) / 5% (Phase 3) | 5% | 5% (Static) | 80% | $179.00$89.50 | Buy |
| $50,000 | 3 Steps | 5% (Phase 1) / 5% (Phase 2) / 5% (Phase 3) | 5% | 5% (Static) | 80% | $299.00$149.50 | Buy |
| $100,000 | 3 Steps | 5% (Phase 1) / 5% (Phase 2) / 5% (Phase 3) | 5% | 5% (Static) | 80% | $409.00$204.50 | Buy |
| $200,000 | 3 Steps | 5% (Phase 1) / 5% (Phase 2) / 5% (Phase 3) | 5% | 5% (Static) | 80% | $739.00$369.50 | Buy |
Payment Methods
- Bank Transfer
- Credit/Debit Card
- Cryptocurrency
Other express payment methods may be available at checkout. Payout methods are a separate set: Cryptocurrency, RiseWorks, and other methods displayed in the Client Section, which may change over time — traders should confirm the currently available payout method inside the Client Section before submitting a request.
Pros & Cons
CREDITS13
- Offers Instant, 1-Step, 2-Step, and 3-Step pathways across five distinct programs (Zero, Nova, Standard, Swing, Select)
- Supports both MT5 and MatchTrader
- Broad asset coverage: Forex, metals, indices, commodities, stocks, and cryptocurrencies
- Up to 1:100 Forex leverage on Zero, Nova, and Standard
- 80% standard reward split, increasing to 90% after scaling qualification
- Orion Nova uses a Pay-After-You-Pass model with only a small upfront registration charge
- Orion Zero offers immediate funded-account access without an evaluation phase
- All programs allow overnight and weekend holding
- Orion Swing permits unrestricted news trading on funded accounts
- Reward requests operate on a 14-day cycle with no initial waiting period
- Program fee is refundable after the fourth successful withdrawal
- Scaling can increase account size and reach up to $4 million in allocated capital
- Traders can request read-only demo access before purchasing to inspect trading conditions
DEBITS13
- Accounts operate in a simulated trading environment, not through direct live-market execution
- The 20% Best Day Rule applies to Orion Zero and funded Nova accounts
- Orion Zero and Nova carry a 3% safety cushion, delaying access to the first 3% of funded profit
- Standard, Nova, and Select funded accounts have a 2-minute news restriction
- Orion Zero trades around high-impact news receive only a 50% reward split
- Substantial restrictions on cross-account hedging, risk concentration, gap trading, and technical exploitation
- Multiple accounts are subject to a $400,000 aggregate base allocation limit before scaling
- Stocks and cryptocurrency carry only 1:1 leverage
- Forex, metals, and commodities carry commissions
- Accounts inactive for 30 days may be closed
- Rise (RiseWorks) withdrawals carry a $30 fee
- Passing the evaluation does not automatically guarantee acceptance into the Orion Trader Program
- The firm's current legal documentation identifies Saint Lucia, not the UAE, as the provider entity's jurisdiction — worth double-checking against the live site given the discrepancy in supplied source material
Trading Rules
- Five program formats: Orion Zero (Instant), Orion Nova (1-Step, Pay After You Pass), Orion Standard (2-Step), Orion Swing (2-Step), and Orion Select (3-Step)
- Minimum evaluation trading days: Standard, Swing, and Select require 4 separate trading days; Zero and Nova have no minimum
- Daily loss calculation uses the greater of the previous day's closing balance or equity
- Maximum drawdown structure: Zero and Nova use a Trailing Lock; Standard, Swing, and Select use Static Drawdown
- Copy trading is allowed between accounts owned by the same trader; external copy-trading services and replication between different individuals are prohibited
- EAs are permitted when compliant with Orion's trading rules; systems exploiting latency, platform errors, or ultra-fast execution are not permitted
- One Client Section is permitted per person; sharing login or platform credentials is prohibited
- Accounts with no trading activity for 30 consecutive calendar days may be classified as inactive, deactivated, or terminated
- Total allocation across all active accounts is capped at $400,000 before scaling, though scaling can increase total allocated capital substantially beyond that level, up to a stated $4 million ceiling
- Passing an evaluation makes a trader a candidate for the Orion Trader Program but does not itself guarantee acceptance; applications are reviewed before a funded contract is offered
- Leverage varies by program: Forex 1:100 (Zero/Nova/Standard) or 1:30 (Swing/Select); Metals 1:30 (Zero/Nova/Standard) or 1:9 (Swing/Select); Indices 1:50 (Zero/Nova/Standard) or 1:15 (Swing/Select); Commodities 1:3.3 across all programs; Stocks and Cryptocurrency 1:1 across all programs
Restricted strategies
Orion's rules group prohibited practices into a risk-concentration category (oversized positions, correlated-market concentration, cross-account hedging), a technical-abuse category (server abuse, exploitation of price-feed errors or platform bugs), and a structural-exploitation category (gap trading around major events, payout-metric manipulation).
News trading
- Orion Nova, Standard & SelectRestricted
During evaluation, trades may be opened, closed, and modified around high-impact news without a timing restriction. On funded Orion Trader Accounts, opening, closing, modifying, or placing applicable orders is prohibited within 2 minutes before and 2 minutes after a high-impact news event; existing positions may remain open but may not be modified during that window.
Window: 2 minutes before/after high-impact news (funded accounts only) - Orion SwingAllowed
News trading is permitted without timing restrictions on funded accounts — the most flexible news structure among Orion's programs.
- Orion ZeroAllowed
News trading is permitted, but trades opened or closed within 5 minutes before or after a high-impact event receive a reduced 50% reward split instead of the standard 80%. Other eligible profits remain subject to the normal reward structure.
Window: 5 minutes before/after high-impact news (reward-split reduction, not a trading prohibition)
Payouts & Trading Costs
- Payout frequency
- Reward requests operate on a 14-day cycle across all five programs, with no initial waiting period before the first eligible request. Trading is paused while a submitted reward request is under review.
- Processing time
- Orion publishes a payout-processing guarantee: if an approved payout is not processed within 48 hours, the trader can request the applicable reward plus a refund of the program purchase price, subject to the guarantee's terms.
- Profit split
- Up to 90% — Flat 80% standard reward split across all five programs, increasing to 90% after qualifying for the Scaling Plan. Orion Zero trades placed within 5 minutes of high-impact news are a reduced-split exception at 50%.
- Payout routing
- Via Rise Works to your bank account or crypto wallet.
- Minimum withdrawal
- $100 minimum reward after the reward split.
- Trading costs
- Trading costs can also vary through spreads, swaps, instrument conditions, and the selected program. Traders can request read-only investor access to a demo environment before purchasing to inspect spreads, instruments, leverage, and platform conditions.
Trust & Safety
Orion Funded is a multi-asset simulated prop trading and evaluation company established in September 2023. Its current legal terms identify OGM International Ltd, incorporated in Saint Lucia, as the provider of its services, with a registered office at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. The firm publishes detailed documentation covering its five evaluation programs, daily loss rules, drawdown methods, profit targets, news policies, trading restrictions, reward calculations, scaling system, and account limits, and is explicit that its accounts are demo accounts with fictitious funds trading in a simulated environment.
- Legal entity
- OGM International Ltd, incorporated in Saint Lucia, registered office at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.
- Regulated
- No
The supplied data does not establish regulatory authorization or licensing status for OGM International Ltd. Orion Funded's own Terms explicitly state that its services are not regulated financial services; it provides simulated trading evaluations using fictitious capital, and challenge fees are not protected by financial compensation schemes.
Trading carries risk. Evaluation programs like this one involve simulated accounts and non-refundable fees; review the firm’s current terms directly before purchasing. This page is informational and not financial advice.