FundedNext

FundedNext

FundedNext is a proprietary trading firm offering traders access to funding up to $4 million through scalable accounts. With realistic evaluation models, high profit splits of up to 90%, and robust trading tools like MT4/MT5, it caters to both new and experienced traders. Established in 2022, it has quickly gained trust with a 4.5/5 Trustpilot rating.

Max. Account Size
$200,000
Min. Account Size
$6,000
Max. Funding
$4 Million
Starting Price
$49
Trustpilot Rating
4.5 out of 5
Payout Frequency
8 days, then every 14 days
Models Offered

Evaluation, Express

Profit Split
Up to 90%
Total Payouts
Year Established
2022
Pros
  • Multiple account models (Stellar & Evaluation).
  • Up to 80% profit split.
  • Scalable accounts to $4 million.
  • Realistic profit targets.
  • Fast payouts (8-14 days).
  • Affordable entry fees.
  • Wide range of instruments.
  • Supports MT4 & MT5.
  • Intuitive dashboard.
  • Flexible trading rules.
  • Swap-free accounts.
  • Strong customer support.
  • Educational resources.
  • Transparent fees.
  • Reliable payouts.

Cons
  • Strict evaluation rules.
  • Limited phone support.
  • Newer firm (est. 2021).
  • Higher fees for larger accounts.
  • Limited payout methods.
  • No cTrader support.
  • Highly competitive market.
  • Minimum withdrawal of $100.

FundedNext is a cutting-edge proprietary trading firm designed to empower traders by providing them with access to significant capital. Founded with the mission of supporting talented traders worldwide, FundedNext offers funding models tailored to various trading styles, ensuring that both beginners and experienced traders can find a path to success.

The firm’s standout features include multiple account options, competitive profit-sharing models, and a transparent evaluation process. With a strong focus on trader development and flexibility, FundedNext has positioned itself as a trusted name in the prop trading industry. This review dives into its funding models, unique features, and overall value proposition, helping you decide if FundedNext is the right fit for your trading journey.

What is FundedNext?

FundedNext is a proprietary trading firm that provides traders with the opportunity to trade using company capital while minimizing personal financial risks. The firm’s mission is to identify and support skilled traders by offering them access to substantial funding, allowing them to focus on executing trades without the pressure of risking their own money.

Key Value Proposition:

  • Funding Opportunities: FundedNext offers funding plans that cater to diverse trading strategies, with account sizes ranging from beginner-friendly options to those suitable for high-volume traders.
  • Flexibility: With features like swap-free accounts and customizable scaling plans, FundedNext ensures a seamless trading experience for traders of all levels.
  • Transparency: The firm’s evaluation process, profit-sharing rules, and trading conditions are clearly defined, making it easier for traders to succeed.

By combining these elements, FundedNext provides a supportive ecosystem for traders to achieve their financial goals, while the firm benefits from their expertise. This mutual growth model has quickly made FundedNext a preferred choice among proprietary trading firms.

FundedNext Plans Overview

Below is a detailed comparison of FundedNext’s Stellar, Stellar Lite, Evaluation, and Express plans to help traders understand their features and requirements.

Plan Structure Profit Targets Drawdown Limits Features
Stellar Model Two-phase evaluation process Phase 1: 8% Daily: 5% - Up to 95% profit split
Phase 2: 5% Total: 10% - No time limit for phases
- Allows news trading
Stellar Lite Affordable version of Stellar Model Phase 1: 8% Daily: 4% - Lower entry fee
Phase 2: 5% Total: 8% - Up to 95% profit split
- Maximum loss capped at 10%
Evaluation Model Two-phase evaluation process Phase 1: 10% Daily: 5% - Up to 95% profit split
Phase 2: 5% Total: 10% - 15% profit share during challenge
- Up to 150% rewards
Express Model One-step evaluation process 25% Daily: 5% - Fast-track funding
Total: 10% - Up to 95% profit split
- 15% profit share during challenge phase

Detailed Features of Each Plan

Stellar Model

  • Target Audience: Traders seeking flexibility with no time constraints on completing phases.
  • Key Benefits:some text
    • No phase time limits, allowing traders to progress at their own pace.
    • High profit split potential of up to 95%.
    • News trading is allowed, providing flexibility for diverse strategies.

Stellar Lite Model

  • Target Audience: Cost-sensitive traders who still want access to significant funding opportunities.
  • Key Benefits:some text
    • Lower evaluation fees compared to the Stellar Model.
    • Profit splits up to 95%, similar to the main Stellar Model.
    • Slightly stricter drawdown rules, balancing affordability and risk management.

Evaluation Model

  • Target Audience: Traders who prefer a structured two-phase evaluation with clear targets.
  • Key Benefits:some text
    • 15% profit share during the challenge phase, a unique feature.
    • Up to 150% rewards for consistent performance.
    • Straightforward rules with achievable profit targets and drawdown limits.

Express Model

  • Target Audience: Traders looking for quick access to funded accounts without multiple phases.
  • Key Benefits:some text
    • Single-phase evaluation, reducing the time to funding.
    • Higher initial profit target (25%), but with immediate funding upon success.
    • 15% profit share even during the evaluation phase.

Fee Comparison

Plan Account Size Evaluation Fee
Stellar Model $25,000 $199
Stellar Model $50,000 $349
Stellar Lite Model $10,000 $99
Evaluation Model $50,000 $349
Express Model $25,000 $399

Overview of Trading Challenges

FundedNext offers a structured set of trading challenges designed to evaluate traders’ skills, discipline, and consistency. These challenges serve as a gateway for traders to access funded accounts. By completing the challenges successfully, traders demonstrate their ability to manage risk and achieve profit targets within set parameters.

The trading challenges are split into models that cater to different trading styles and experience levels, ensuring accessibility for both new and experienced traders. These challenges not only test a trader's performance but also prepare them for real market conditions with funded accounts.

Stellar Model: Structure and Features

The Stellar Model is one of FundedNext’s flagship trading challenges, offering a clear and disciplined approach to evaluation with structured phases and well-defined rules.

Phase Profit Target Trading Days Daily Drawdown Limit Overall Drawdown Limit
Phase 1 10% 8-30 days 5% 10%
Phase 2 5% 8-60 days 5% 10%

This model is ideal for disciplined traders who can meet profit goals while adhering to strict drawdown and risk management criteria.

Evaluation Model: Requirements and Process

The Evaluation Model offers a straightforward, two-phase process that evaluates a trader’s skill, consistency, and adherence to trading rules.

Evaluation Step Profit Target Maximum Time Minimum Trading Days Key Rules
Phase 1 10% 30 days 8 Follow daily/overall drawdowns
Phase 2 5% 60 days 8 Maintain trading discipline

This table outlines the specific steps and criteria for traders to progress through the evaluation and secure funded accounts.

Scaling Plan: How It Works

FundedNext’s scaling plan is a major advantage for traders, allowing account growth based on consistent profitability.

Milestone Requirement Scaling Amount Additional Benefits
First Milestone Achieve 10% net profit +25% account size Potential increase in profit split
Ongoing Performance Consistent profitability +25% account size Continued growth opportunities

The scaling plan motivates traders to maintain steady growth and rewards them with larger account sizes and enhanced profit-sharing.

Swap-Free Accounts: Benefits Explained

Swap-free (Islamic) accounts are available for traders who wish to avoid overnight fees, making the platform accessible to a broader audience.

Feature Regular Account Swap-Free Account
Overnight Fees Charged per position held None
Target Traders All traders Traders avoiding swap fees
Account Features Full trading capabilities Full trading capabilities

This option is especially beneficial for swing traders and those holding positions for longer periods, as it eliminates the cost of maintaining trades overnight.

Trustworthiness of FundedNext

FundedNext has established itself as a reliable proprietary trading firm by maintaining transparency in its operations, fostering trust within the trading community. Its clear evaluation rules, consistent payouts, and active engagement with traders have earned it a reputable position in the industry.

With a focus on ethical practices and robust trader support, FundedNext ensures that traders are not only funded but also equipped to succeed. Its strong partnerships and positive user feedback further bolster its credibility.

Leadership Vision: Insights from the CEO

The leadership team at FundedNext, guided by the CEO, is committed to empowering traders globally. Their mission is to create a platform where skilled traders can thrive without financial barriers. The CEO emphasizes:

  • Trader-Centric Approach: Ensuring all policies and features prioritize trader success.
  • Innovation: Continuously improving the platform to meet market demands.
  • Transparency: Keeping the funding and trading processes straightforward and accessible.

This vision reflects the company’s dedication to becoming a leader in the prop trading industry.

Customer Support: Responsiveness and Resources

FundedNext is known for its responsive and resourceful customer support, which plays a crucial role in its trustworthiness.

Support Method Availability Details
Live Chat 24-May Quick resolution of account or technical issues.
Email Support 24-48 hours response Suitable for detailed inquiries.
Knowledge Base Available 24/7 Comprehensive guides and FAQs.

Traders often highlight the professionalism of the support team, noting their efficiency in resolving issues and providing timely assistance.

Payment Proof: A Look at Credibility

FundedNext provides regular payouts to its funded traders, ensuring trust in its operations. Payment frequency is:

Payment Type Timeline
First Payout Eligible after 8 trading days.
Subsequent Payouts Bi-weekly (every 14 days).

Many traders have shared positive feedback about their payout experiences, showcasing the firm’s reliability in honoring profit splits. Screenshots and testimonials frequently circulate online, further solidifying its reputation.

Broker Partnerships: Who They Collaborate With

FundedNext collaborates with reputed brokers to ensure reliable trade execution, competitive pricing, and minimal slippage. These partnerships enable the platform to provide:

  • Access to advanced trading platforms like MT4 and MT5.
  • Tight spreads and fair pricing across instruments.
  • Fast order execution, even during volatile market conditions.

This broker collaboration enhances the overall trading experience and provides traders with the tools they need to perform effectively.

Available Trading Instruments on FundedNext

FundedNext supports a wide range of instruments, allowing traders to diversify their portfolios and explore various markets.

Instrument Category Examples
Forex Pairs EUR/USD, GBP/USD, USD/JPY
Indices S&P 500, NASDAQ, DAX
Commodities Gold, Silver, Crude Oil
Cryptocurrencies Bitcoin, Ethereum, Ripple

This broad selection ensures that traders can implement diverse strategies across different asset classes.

Fee Structure: Understanding Costs

FundedNext’s pricing is competitive, with fees that reflect the account size and evaluation model chosen.

Account Type Account Size Evaluation Fee
Evaluation Model $25,000 $199
Evaluation Model $50,000 $349
Stellar Model $100,000 $549

There are no hidden fees, and traders are only charged for the evaluation phase. Compared to industry standards, FundedNext’s fees are reasonable, especially considering the benefits and flexibility it offers.

Educational Resources for Traders

FundedNext is committed to enhancing trader skills and knowledge through a variety of educational tools.

Resource Type Details
Webinars Live sessions covering strategies, psychology, and risk management.
Trading Guides Downloadable materials for beginners and advanced traders.
Community Engagement Forums and Discord groups for peer discussions and support.

These resources help traders refine their strategies, stay updated with market trends, and connect with a supportive community.

Opening an Account: Step-by-Step Guide

Getting started with FundedNext is a straightforward process designed to minimize administrative barriers and quickly connect traders with funding opportunities. Here’s a step-by-step guide:

  1. Sign-Up:
    • Visit the FundedNext website and click on the "Sign Up" button.
    • Enter your basic details, including name, email address, and password.
    • Confirm your email by clicking on the verification link sent to your inbox.
  2. Select Account Type:
    • Choose the desired account model (Stellar or Evaluation) and account size.
    • Review the features, profit split, and trading conditions for the selected account.
  3. Make Payment:
    • Pay the evaluation fee using one of the supported deposit methods, such as credit/debit cards or cryptocurrencies.
  4. KYC Verification:
    • Upload required documents for identity verification, including:some text
      • A government-issued ID (e.g., passport, driver’s license).
      • Proof of address (e.g., utility bill or bank statement).
    • Verification typically takes 1-2 business days.
  5. Access Your Trading Dashboard:
    • Log in to your FundedNext dashboard to view account details and begin trading.

Navigating the Trading Dashboard

FundedNext’s trading dashboard is user-friendly and intuitive, offering essential tools for traders to monitor their accounts and performance effectively.

Dashboard Feature Details
Account Overview Displays account type, current balance, and profit/loss details.
Performance Tracking Tracks metrics like profit targets, drawdown limits, and trade history.
Payout Requests Allows traders to initiate and track their withdrawal requests.
Scaling Plan Progress Provides updates on eligibility for scaling based on performance.
Support Access Direct link to customer support and FAQs.

The dashboard ensures traders can easily manage their accounts and focus on achieving their trading goals.

Realistic Funding Opportunities in Forex Trading

FundedNext provides traders with realistic funding opportunities by offering achievable evaluation processes and fair profit-sharing models. The firm’s dual-phase evaluation system ensures that only disciplined and skilled traders gain funding while remaining accessible to a broad range of traders.

Success Rates:

  • Many traders successfully progress to funded accounts due to clear profit targets (10% in Phase 1 and 5% in Phase 2) and manageable drawdown limits.
  • FundedNext’s scaling plan further enables traders to grow their funding based on consistent performance.

Case Study:

A trader with a $50,000 Evaluation account achieved the required profit targets within two months, successfully scaled to a $75,000 account, and maintained steady profits with an 80% profit split.

This realistic approach fosters trust and provides a sustainable path for traders to maximize their earning potential.

Overall Trading Experience Across Platforms

FundedNext delivers a seamless trading experience across its supported platforms, MT4 and MT5. The combination of platform stability, speed, and robust features makes trading efficient and enjoyable.

Platform Stability:

  • Servers are optimized to handle high volumes, ensuring minimal downtime and quick trade execution.
  • Low latency during peak trading hours helps traders capitalize on market movements.

Usability:

  • Both MT4 and MT5 offer user-friendly interfaces, customizable charts, and advanced technical tools.
  • The platforms support various trading styles, including scalping, swing trading, and automated trading with EAs.

Traders consistently highlight FundedNext’s reliability and ease of use, making it a preferred choice for prop trading.

Conclusion: Is FundedNext for You?

FundedNext stands out as a reliable and trader-friendly proprietary trading firm. Its realistic evaluation models, flexible account options, and generous profit splits make it an excellent choice for traders seeking funding. With features like swap-free accounts, scaling plans, and robust customer support, FundedNext caters to traders of all levels and strategies.

Who Should Consider FundedNext?

  • Beginners: Those looking for a clear path to obtaining funding without risking personal capital.
  • Experienced Traders: Professionals seeking scalable funding options and high profit splits.
  • Diversified Traders: Traders who want access to a broad range of instruments, including forex, indices, commodities, and cryptocurrencies.

If you’re looking for a transparent, supportive, and performance-driven prop trading firm, FundedNext is a strong contender to consider for your trading journey.

Trading Platform
MT4 and MT5
Deposit Method
Credit/debit cards, Digital Currency
Withdrawal Methods
Bank transfers, Digital Currency
Account Size
$6,000 to $200,000