FundedNext Prop Firm
This time, we will talk about Fundednext and their recent changes. Fundednext is a fairly well-established prop trading firm that has grown incredibly since its initial incorporation.
They’ve become a very attractive option for traders worldwide in a very short time period and continuing to grow all the time even after just a year and a half of their initial inception. That being said, we’re going to dive in and check out some points about Fundednext to see what exactly it is they bring to the table, and as always, be sure to stick with me right until the end of the article since, yes, I do have a special giveaway announcement this time prepared for you guys. Without further ado, let’s jump right in.
FundedNext Overview and Partnerships
Fundednext, they are one of the leading proprietary trading firms in the entire industry that are introduced in March 2022 but have grown exceptionally since that time under the management of their CEO Abdullah Jayed who in his own right is a globally recognized entrepreneur in the digital sector and the retail trading industry.
Fundednext has headquarters located in the UAE; they also have offices in the USA, the UK, and Bangladesh. They do allow traders to choose between four unique funding programs which we’ll dive into. Fundednext has also managed to form two really incredible partnerships in the last month alone. They’re now partnered with Google and Meta, titans within worldwide companies, but let’s dive in and find out what they’re doing so well and what they’re offering to traders around the world.
So Fundednext offers traders four different funding programs to choose from. We have the two-step stellar challenge, the one-step stellar challenge, the evaluation model, and the express model.
FundedNext Funding Programs - Two-Step Stellar Challenge
Now the challenge program account allows you to trade with 1:100 leverage, and the main benefits of the two-step stellar challenge are the lower profit targets and no time limit to complete both evaluation phases.
So, phase one requires a trader to reach a profit target of 8%, and you can’t surpass your 5% maximum daily loss or 10% overall maximum loss rules. Time limitations, just note you have no time limit during phase one, but you are required to trade a minimum of five trading days in order to proceed to phase two.
| Capital | $6,000 | $15,000 | $25,000 | $50,000 | $100,000 | $200,000 |
|---|---|---|---|---|---|---|
| Targets | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% |
| Minimum Trading Days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days |
| Time Limit | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
| Daily Starting Drawdown | 5% | 5% | 5% | 5% | 5% | 5% |
| Overall Drawdown | 10% | 10% | 10% | 10% | 10% | 10% |
| Available Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| Refundable Registration Fee | 59$ | 119$ | 199$ | 299$ | 519$ | 999$ |
Now, phase two requires a trader to reach a profit target of 5% this time. Same deal, can’t surpass the 5% maximum daily loss or 10% overall maximum loss rules. Again, no time limit during phase two, but you are required to trade a minimum of five trading days in order to reach a funded account status.
And then once you get there, awarded a funded account where you have no profit targets as always just required to respect the daily and overall loss rules. Your first profit split will be 80% based on the profits that you made.
And in addition, you will also receive a 15% profit share based on the profit you make in each challenge phase once you make a return of 5% on your funded account. Just keep in mind that the 15% profit share from demo phases is a unique feature that only FundedNext offers within the proprietary trading firm industry.
And after your first payout, you will start receiving your payouts on a bi-weekly basis. The two-step challenge model all accounts also have a scaling plan, so you are required to reach a profit target of 10% or more within a four-month period, where two out of the four months were profitable and the last month has to end in profit.
You will then receive an account increase of 40% of the original account balance with the possibility to increase your account balance all the way up to $4 million. In addition, your profit split will also increase to 90% when you scale your account for the first time.
Trading instruments for the two-step stellar challenge model accounts are Forex Pairs, Commodities, and Indices.
FundedNext Funding Programs - One-Step Stellar Challenge
All right, Funded Next One-Step Challenge Stellar Challenge model account. It allows traders to meet the one-step challenge requirements with no maximum trading debt requirements and up to 1:30 leverage.
So, the one-step stellar challenge model requires reaching a profit target of 10%. You can’t surpass your 3% maximum daily or 6% overall maximum loss rules. You have no time limit, so you can take as long as you please.
| Capital | $6,000 | $15,000 | $25,000 | $50,000 | $100,000 | $200,000 |
|---|---|---|---|---|---|---|
| Targets | 10% | 10% | 10% | 10% | 10% | 10% |
| Profit Split Upto | 90% | 90% | 90% | 90% | 90% | 90% |
| News Trading | Allowed | Allowed | Allowed | Allowed | Allowed | Allowed |
| Weekend Holding | Allowed | Allowed | Allowed | Allowed | Allowed | Allowed |
| Minimum Trading Days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days |
| Time Limit | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
| Daily Starting Drawdown | 3% | 3% | 3% | 3% | 3% | 3% |
| Overall Drawdown | 6% | 6% | 6% | 6% | 6% | 6% |
| Available Leverage | 1:30 | 1:30 | 1:30 | 1:30 | 1:30 | 1:30 |
| Refundable Registration Fee | 59$ | 119$ | 199$ | 299$ | 519$ | 999$ |
However, during your trading period, you have a requirement to trade for at least five trading days per month once again. And just note that this account type has no consistency rule to follow, meaning you can trade with almost no limitations with an end goal of reaching your profit target.
Now, by completing your one-step stellar challenge model phase, you are awarded a funded account where you have no profit targets. Again, just require it as always to respect your daily loss and your overall loss rules.
With this account type, there’s no consistency rule to follow. You can trade with almost no limitations and also having no minimum trading day limitations once becoming successfully funded. Your first profit split will be 80% based on the profits that you made, and you’ll also receive that 15% profit share based on the profit that you make in the challenge phase once you’ve, again, made a return of 5% on your funded account, and then your profit splits will increase up to 90% once you scale your account for the first time.
They do have a scaling plan once more, same deal, have to reach a profit target of 10% or more within a four-month period, two out of the four months need to be profitable, and you can scale all the way up with an increase of 40% of the original account balance and increase your profit split to 90% too.
Trading instruments for the one-step challenge model accounts include forex pairs, commodities, and indices.
FundedNext Funding Programs - Evaluation Model
All right, Funded Next Evaluation Model account aims to identify serious and talented traders who are awarded for their consistency in the two-phase evaluation period, and we’ll work with a leverage of 1:100 here.
For phase one, it requires a trader to reach a profit target of 10%. You can’t surpass your 5% or 10% overall and daily loss rules. You’re required to hit your profit target in 30 calendar days from the day that you place your first position on your evaluation account and again required to trade a minimum of 5 trading days in order to proceed to phase two.
| Capital | $6,000 | $15,000 | $25,000 | $50,000 | $100,000 | $200,000 |
|---|---|---|---|---|---|---|
| Targets | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% |
| Profit Split Upto | 90% | 90% | 90% | 90% | 90% | 90% |
| News Trading | Allowed | Allowed | Allowed | Allowed | Allowed | Allowed |
| Weekend Holding | Allowed | Allowed | Allowed | Allowed | Allowed | Allowed |
| Minimum Trading Days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days |
| Time Limit | P1: 4 weeks P2: 8 weeks | P1: 4 weeks P2: 8 weeks | P1: 4 weeks P2: 8 weeks | P1: 4 weeks P2: 8 weeks | P1: 4 weeks P2: 8 weeks | P1: 4 weeks P2: 8 weeks |
| Daily Starting Drawdown | 5% | 5% | 5% | 5% | 5% | 5% |
| Overall Drawdown | 10% | 10% | 10% | 10% | 10% | 10% |
| Available Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| Refundable Registration Fee | 49$ | 99$ | 199$ | 299$ | 549$ | 999$ |
Phase two is basically all the same; your profit target is 5%. You’ve got to hit your profit target in 60 calendar days from the day that you place your first position and a minimum of 5 trading days in order to proceed to a funded account.
By completing both evaluation phases, you are awarded a funded account, which is what we’re looking for, where you have no profit targets, maximum daily loss, maximum overall loss rules – always keep them in mind.
Your first profit split will be 80% based on the profits you made, and once again, you’ll receive a 15% profit share based on the profit you make in each evaluation phase once you make that return of 5%.
After your first payout, you will start receiving your payouts on a bi-weekly basis. Once again, evaluation model accounts do have the scaling plan, same deal there, and trading instruments for the evaluation program account are forex pairs, commodities, and indices.
FundedNext Funding Programs - Consistency Express Model
Then, find the next Consistency Express Model account. Once again, this time it’s a one-step evaluation, but you have no maximum trading day requirements and 1:100 leverage, but again, we’re looking for consistency here, hence the Consistency Express Model.
You’ve got to reach a profit target here of 25% without surpassing the 5% maximum daily or 10% maximum loss rules. You’ve got no minimum trading day requirements so you can work at your own pace, take as long as you please.
| Capital | $6,000 | $15,000 | $25,000 | $50,000 | $100,000 | $200,000 |
|---|---|---|---|---|---|---|
| Targets | 25% | 25% | 25% | 25% | 25% | 25% |
| Profit Split Upto | 90% | 90% | 90% | 90% | 90% | 90% |
| News Trading | Not Allowed | Not Allowed | Not Allowed | Not Allowed | Not Allowed | Not Allowed |
| Weekend Holding | Not Allowed | Not Allowed | Not Allowed | Not Allowed | Not Allowed | Not Allowed |
| Minimum Trading Days | 10 Days | 10 Days | 10 Days | 10 Days | 10 Days | 10 Days |
| Time Limit | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
| Daily Starting Drawdown | 3% | 3% | 3% | 3% | 3% | 3% |
| Overall Drawdown | 6% | 6% | 6% | 6% | 6% | 6% |
| Available Leverage | 1:30 | 1:30 | 1:30 | 1:30 | 1:30 | 1:30 |
| Refundable Registration Fee | 49$ | 99$ | 199$ | 299$ | 549$ | 999$ |
However, this time during your trading period you have a requirement to trade for at least 10 trading days per month, and while trading, you are also required to respect the consistency rule that will assist you in sharpening your trading habits and make sure you’re gaining your profits in a consistent way until you do reach your profit target.
You will be able to withdraw a 15% profit share based on the profit you make in the demo evaluation phase on a four-week trading cycle until you reach the required profit target. And this can be done even without passing the challenge.
Now by completing your Consistency Express Model evaluation phase, you are awarded a funded account. You have no profit targets, always respecting the maximum and overall loss rules. But despite becoming funded, you still are required to follow their consistency rule.
Always keep that in mind, you have no minimum trading day requirements; once you successfully become funded, your first profit split will be 60% based on the profits you made. And after your first withdrawal, your profit split will increase to 75%.
And then after the second withdrawal, you will reach your final profit split of a lovely 90%. The Consistency Express Models also have a scaling plan, so you can scale all the way up to $4 million in the long run.
And again, you’re working with forex pairs, commodities, and indices for the trading instruments there.
FundedNext Funding Programs - Non-Consistency Express Model
Now find the next Non-Consistency Express Model account. You’re working with a leverage of 1:100.
It’s a one-step challenge. So you are required to reach that profit target of 5%. You’ve got no maximum trading day requirements this time. So you can take as long as you please. You have to trade for, again, at least 10 trading days per month.
And this type of account has no consistency rule to follow, meaning you can trade with almost no limitations with an end goal of reaching your profit target. You will be able to withdraw a 15% profit share based on the profit you make during the demo evaluation phase on a four-week trading cycle.
So by completing your Non-Consistency Express Model, you are awarded a funded account size of 25% of the challenge amount where you have no profit targets. So this means that if you pass the $100,000 Non-Consistency Express Model evaluation, you will receive a $25,000 funded account where you’ve just got to respect your daily and overall loss rules.
Your first profit split will be 60% up to 75% and then 90% in the long run. Also, there's a scaling plan, and we’re also looking to trade with forex pairs, commodities, and indices. So some of the key things to take away from this.
So as always, we’re looking to respect the profit targets, respecting the maximum daily and maximum loss rules. The minimum trading day requirement during any evaluation stages. No news trading is allowed in this one, meaning that you are restricted from opening and closing any trader five minutes before or after the news.
But otherwise, overall Funded Next allows you to be almost any type of trader, and they really are catering for all different types of trading styles.
What Sets FundedNext Apart
So, what makes Funded Next different from some other industry problems out there?
Well, you can see that they differentiate themselves here through a few key elements. But overall, what I would say is that they have four unique funding programs to go through, and they really do have something for everyone, which is not the case across the board. You’ve got lots of relaxed rules, straightforward and trading objectives as well. So overall, I just feel like Funded Next is an excellent choice to get funded with.
In terms of payment proof, while they’ve been running now for over 18 months, they’re continuing to develop into one of the best, well, also the fastest-growing prop trading firms in the industry. So far, they’ve distributed over $51 million in payouts, and payout proof can mostly be found under posts on their Instagram account.
In addition, you can also find a large number of payout proofs in their Discord server under "payout proof." So make sure you jump into their Telegram channel as well and join the community.
In terms of brokerage, Funded Next allows traders to choose between eight cap and two in-house brokerages, which is Growth Next and In Kotenko. They’ve got a great reputation, committed to providing their traders with top-notch trading conditions. They didn’t settle for a third-party brokerage. They’ve got their own. Funded Next has its own mainline server on MetaTrader 5, called the Growth Next Server, and a second mainline server on MetaTrader 4, which is In Kotenko.
This means that they have their own main label server, which enables them to provide the best possible trading conditions to their traders. This includes tighter spreads, faster execution time, and very few slippage issues compared to other prop trading firms.
Again, you can utilize MetaTrader 4 or MetaTrader 5. We’ve touched on trading instruments, but it's worth going over again; you can trade with Forex pairs, commodities, and indices up to 1:100 leverage.
They do provide traders with a low-cost commission structure, with Forex pairs and commodities having a $3 per roundlock commission, while there are no commission charges for trading indices.
In terms of education and support for traders, Funded Next provides traders with an educational prop trader secrets PDF ebook, which you can access through the free dashboard signup. They also provide free trading psychology sessions on a weekly basis on Twitter space.
They’ve been mentioned on Forex Factory, and they’ve got a really well-structured dashboard. They go above and beyond to make sure their traders are well-equipped with all the tools, resources, and knowledge to become not only a successful trader for yourself but a successful trader under the guidance of Funded Next.
Jumping over here to TrustPilot, as always, if you’re a regular viewer of the channel, I always love to take a look at some external viewpoints. TrustPilot is a reliable place to see some other traders' perspectives on said prop firm.
Funded Next has excellent reviews from its community, with a median rating of 4.7 out of 5 from over 6,000 reviews at the time of writing. With so many reviews and such a high median score, they’re doing a lot of things really well.
I encourage you to look at the reviews as part of your own due diligence. Overall, what I did find when I was looking through is that the community mostly praises the really responsive customer support team, the smoothness of the well-structured dashboard, and that they are doing a lot of things right. But as always, I encourage you to look at both the positive and negative reviews, as they are all relevant and worth considering.
Overall, the sentiment for Funded Next is very positive, hence why they have become one of the industry-leading prop firms. But we’re going to jump back over to the homepage here and wrap things up. In conclusion, I think Funded Next, despite being a newer proprietary trading firm in the industry, they are very reliable and established very quickly.
I’d recommend Funded Next to any trader who’s looking for a legitimate prop firm with straightforward rules and trading objectives that’s catering for a large pool of individuals with unique trading strategies and styles.