Orion Funded is a CFD prop firm launched in 2023 with five distinct programmes: Zero (instant funding), Nova (pay-after-you-pass), Standard (2-phase), Swing (2-phase, no news restrictions), and Select (3-phase). Accounts go from $2,500 to $200,000 with an 80% starting profit split, a 48-hour payout guarantee backed by a real financial penalty, and no consistency rule on any programme. Use code V3 for 30% off most accounts at checkout.
Rating Breakdown
Pros
- 48-hour payout guarantee with a defined financial penalty if missed
- No consistency rule on any programme
- Nova programme lets you pay just half the fee upfront, rest only after passing
- Five meaningfully different programme types to suit different trading styles
- Swing programme has no news trading restrictions on funded accounts
- Overnight and weekend holding permitted on all programmes
- Expert Advisors allowed (excluding HFT, hedging, and arbitrage algos)
- Scaling path up to $4M total allocation
- Evaluation fee refunded after 4 successful payouts
- Strong Trustpilot presence: 4.5/5 from 1,700+ verified reviews
Cons
- Only MT5 and MatchTrader supported — no MT4, cTrader, DXtrade, or TradingView
- News trading prohibited as a strategy on most funded accounts (2-minute restriction window)
- Copy trading completely prohibited across all programmes
- Instrument count not publicly disclosed
- Fee refund deferred until 4th payout, not the first
- Past complaints about rule changes introduced without sufficient advance notice
- No live chat support — Discord and email only
- V3 coupon excludes Swing, Nova, and Standard $200K accounts
Account Plans and Pricing
Orion Standard Challenge Rules (2-Phase)
| Evaluation type | Two-step (Phase 1 + Phase 2) |
| Phase 1 profit target | 6% |
| Phase 2 profit target | 6% |
| Time limit | None |
| Min. trading days | Not publicly disclosed |
| Max drawdown | 8% static (fixed floor) |
| Daily loss limit | 5% |
| Consistency rule | None |
| Fee refund | Returned after 4th payout |
Orion Nova Challenge Rules (1-Phase, Pay-After-You-Pass)
| Evaluation type | One-step |
| Profit target | 4% |
| Time limit | None |
| Min. trading days | Not publicly disclosed |
| Max drawdown | 6% trailing lock (floor rises with profits) |
| Daily loss limit | 3% |
| Consistency rule | None |
| Fee structure | 50% upfront, 50% due after passing evaluation |
Orion Select Challenge Rules (3-Phase)
| Evaluation type | Three-step (Phase 1 + Phase 2 + Phase 3) |
| Profit target per phase | 5% |
| Time limit | None |
| Min. trading days | Not publicly disclosed |
| Max drawdown | 8% static |
| Daily loss limit | 4% |
| Consistency rule | None |
| Entry fee ($5K account) | From $59 |
Payouts
| First payout | Not publicly disclosed — subject to programme terms |
| Default cycle | Bi-weekly |
| Payout guarantee | 48-hour guarantee; penalty of 100% split + fee refund if missed |
| Profit split | 80% from day one; rises to 90% after scaling qualification |
| Fee refund | After 4th successful payout |
| KYC required | Yes, before first payout |
| Withdrawal fees | None |
Trading Conditions
| Platforms | MetaTrader 5 (MT5), MatchTrader |
| Instruments | Forex pairs, indices, commodities, cryptocurrencies (exact count not publicly disclosed) |
| Max leverage (forex) | 1:30–1:100 (varies by programme) |
| Max leverage (indices) | 1:15–1:100 (varies by programme) |
| Max leverage (crypto) | 1:1–1:3 |
| News trading | Prohibited as a strategy on most funded accounts (2-min restriction window). Swing programme: no restrictions. |
| Overnight / weekend holding | Allowed on all programmes |
| Expert Advisors | Allowed (HFT, hedging, and arbitrage algos excluded) |
| Copy trading | Prohibited on all programmes |
| Scaling plan | 25% account increase per qualifying cycle; requires 15% return in 3 months, 2 profitable months, 3 reward requests; max $4M allocation |
Our Verdict
Orion Funded has built a distinct identity in the prop firm space on two things: the 48-hour payout guarantee and the absence of a consistency rule. The guarantee is not just marketing language. If Orion misses the window, traders receive a 100% profit split on that cycle plus a full fee refund. That kind of commitment is rare and puts real pressure on the firm to actually deliver.
The five-programme structure covers more ground than most firms. The Nova pay-after-you-pass model directly addresses the most common frustration in the space: paying a full evaluation fee upfront and failing. By splitting the fee 50/50 and deferring the second half until after passing, Orion reduces the financial risk for traders who aren’t certain they’ll pass first time. The Swing programme is worth noting specifically for news traders, as it carries no news trading restrictions on funded accounts, which is genuinely unusual.
The main weakness is platform selection. MT5 and MatchTrader only means traders using MT4, cTrader, DXtrade, or TradingView either have to switch or look elsewhere. This is a significant gap compared to firms like FXIFY that cover MT4, MT5, DXtrade, and TradingView under one roof. For algo traders running MT4 EAs specifically, this rules Orion out entirely.
News trading restrictions on funded accounts (across Standard, Nova, Select, and Zero) will also eliminate a segment of traders. The 2-minute window restriction around high-impact releases is enforced strictly. Swing is the only programme that sidesteps this, but it carries its own pricing structure.
The fee refund being deferred to the fourth payout rather than the first is a fair criticism. It means traders are effectively trading without that capital returned for considerably longer than competitors who refund on the first cycle. That said, bi-weekly payouts mean the wait is generally measured in months, not years. Use our consistency calculator to verify your numbers comply with any programme-specific restrictions before withdrawing.
Overall, Orion Funded is a solid mid-tier prop firm with a few genuine differentiators. If you trade swing style, run EAs, or want a pay-after-you-pass entry point, it deserves serious consideration. If you rely on MT4, news trading across all strategies, or copy trading, look elsewhere.
Orion Funded Coupon Code and Discount
The current Orion Funded coupon code is V3, which gives 30% off most programmes and account sizes. It was released for the firm’s V3 platform anniversary update and is available at checkout. Note that the code excludes the Swing programme, the Nova programme, and the Standard $200K account.
With 30% off, the Standard $10K evaluation drops from 149€ to approximately 104€. The Select $5K entry drops from approximately $59 to around $41. The evaluation fee is returned after your fourth successful payout regardless of whether you used a discount code.
| Code | V3 |
| Discount | 30% off |
| Applies to | Most programmes and account sizes (excludes Swing, Nova, Standard $200K) |
| Last verified | July 2026 |
Frequently Asked Questions
Is Orion Funded a legitimate prop firm?
Orion Funded launched in 2023 and has over 1,700 Trustpilot reviews at 4.5 out of 5, with a B+ safety grade from PropFirmMap as of June 2026. The firm backs its payout process with a 48-hour guarantee that carries a financial penalty if missed: 100% profit split on that cycle plus a full fee refund. It is not regulated by a financial authority, which is standard for prop firms in this space. Some historical complaints exist around rule changes made without sufficient advance notice.
What challenge types does Orion Funded offer?
Orion Funded offers five programme types: Zero (instant funding, no evaluation), Nova (1-phase, pay 50% upfront and 50% after passing), Standard (2-phase, 6% per phase), Swing (2-phase with 8% and 5% targets, no news restrictions on funded), and Select (3-phase, 5% per phase, lowest cost entry). All accounts go up to $200,000 with a scaling path to $4M.
What is the Orion Funded drawdown rule?
Drawdown rules vary by programme. Zero and Nova use a trailing lock drawdown where the floor rises with your profits, set at 6%. Standard, Swing, and Select use a static drawdown of 8%, meaning the floor stays fixed from the starting balance regardless of profits made. Daily loss limits range from 3% to 5% depending on the programme. There is no consistency rule on any programme.
What platforms does Orion Funded support?
Orion Funded supports MetaTrader 5 (MT5) and MatchTrader. MT4, cTrader, DXtrade, and TradingView are not available. If your existing setup is built on MT4 or another platform not listed, you will need to migrate your strategies to MT5 or MatchTrader before trading with Orion Funded.
Is there an Orion Funded discount code?
Yes. The current Orion Funded coupon code is V3, which gives 30% off most programmes and account sizes. It applies at checkout but excludes the Swing programme, the Nova programme, and the Standard $200K account. It was introduced with the V3 platform update in 2026.
Ready to try Orion Funded?
5 programme types including pay-after-you-pass. 48-hour payout guarantee. No consistency rule. Use code V3 for 30% off.
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