FundedNext

Who is FundedNext?

Traders at FundedNext are encouraged to become successful in their trading careers. The main priority that they expect from their clients is that they are disciplined individuals who properly manage risk and focus on long-term consistency. FundedNext is a Proprietary Trading Firm that aims to support traders up to $200,000 in order to help them develop a sound strategy. To potentially increase your profits, they offer trader-friendly terms and conditions. Traders are eligible to profit splits of 60% up to 90%, depending on the funding program options they choose. They can achieve these profits by trading forex pairs, commodities, and indices.

FundedNext is a proprietary trading firm incorporated on the 18th of March, 2022. They strive to provide their traders with a comfortable trading environment. To accomplish that, they have come up with two different funding models. Traders will be able to get a Profit Share from the evaluation phase through FundedNext. They are the only prop firm to offer a 15% profit share from the start to reward promising traders for their skills and hard work. For all the aggressive traders, they will offer a lucrative scale-up strategy that foes up to an impressive $4,000,000.

FundedNext operates as a global proprietary trading platform with registered and operational offices in various countries, including the UAE, USA, UK, and Bangladesh.

Funded Next Website

Funding program option

FundedNext Stellar Challenge

No time limit

Balance based drawdown

15% profit share from the challenge phase

Evaluation Model

Evaluation Model Rules

5% Daily drawdown

10% overall drawdown

Profit Treaget 5% to 10%

In phase 1, you need to hit a 10% profit target within 4 trading weeks without violating any rules. After successfully completing phase 1, you can start the next phase. In phase 2, you need to hit only a 5% profit target within 8 trading weeks without violating any rules.

Express Model

Express model Type Consistency Account and Non-Consistency Account

Consistency Account

Max.Challenge Amount 200k

Real Funding Amount 100% of the challenge amount

Min. Trading Days 10

Non-Consistency Account

Max.Challenge Amount 100k

Real Funding Amount 25% of the challenge amount

Min. Trading Days 10

Express Model Rules

5% Daily Loss

10% Overall Loss

25% Profit Target

Your demo account to 25% profit target to get your funded real account. Enjoy 15% profit sharing while trading on the demo account.

Compare all the Challenges Stellar – Evaluation – Express

What makes True Forex Funds different from any other prop firm? 

FundedNext is different from most industry-leading prop firms due to having relaxed trading rules with almost no restrictions. For example, you can trade during news (on demo stages of the evaluation program), hold trades overnight, and during weekends (on evaluation accounts).

Compared to other proprietary trading firms, FundedNext offers a two-step evaluation model and a one-step express model with a relatively high leverage of 1:100. They also have a massive scaling plan with the potential to grow your account up to a balance of $4,000,000.

Evaluation accounts require completing a two-step challenge with profit targets of 10% in step one and 5% in step two. However, you must respect the 5% daily and 10% overall drawdown limits. There is also a 5-day minimum trading days rule while step one consists of a trading period of 30 days and step two a trading period of 60 days.

Express accounts require completing a one-step challenge with a profit target of 25%. However, you must respect the 5% daily and 10% overall drawdown limits. There is also a 5-day minimum trading days rule while there is no limitation for a maximum trading period.

In conclusion, getting funding from FundedNext can be acquired by many different strategies due to their relaxed trading rules with almost no restrictions. You should focus on fulfilling the profit target while not going below the daily floating drawdown and maximum floating drawdown.

Is getting Funded Next capital realistic?

It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. For example, a company offering a high profit split on a highly funded account sounds great, but if they expect high gains per month with low maximum drawdowns, your chances of success become close to zero.

After considering all of that FundedNext is a great firm to get funded with since you can get funded with a one-step or two-step evaluation challenge with the potential to scale your balance up to $4,000,000.

The express funding model has a profit target of 25% with a 5% maximum daily loss and 10% overall loss limits. There is no maximum trading day period while the number of minimum trading days is 5.

The rules for their 2-step evaluation funding model are also realistic since you have to earn a profit target of 5% for step one and 10% for step two. However, you must respect the 5% maximum daily loss and 10% overall loss limits in both phases. Weekend holding on evaluation accounts, overnight holding, and news trading on demo stages of the evaluation program are also allowed, which is excellent for day traders and swing traders.

Payment proof

FundedNext has been incorporated on the 18th of March, 2022. They have now been running for a month and two of their traders have already acquired profit shares

FundedNext Trustpilot

Trustpilot, they have a rating of 4.7/5 from 5,529 reviews. Note that they only launched on the 18th of March, 2022, which means that they have already acquired a huge following from their community in such a short time period.

Which broker does True Forex Funds use?

FundedNext has integrated its technology with a broker Eightcap, an ASIC-regulated broker in Melbourne, Australia. They were founded in 2009 with a simple, straightforward mission to provide exceptional financial services to their clients. They have five offices around the globe and regulations in multiple locations providing clients worldwide with the ability to trade on markets across FX, indices, commodities, and shares.

They offer two account types, one being Raw and the other Standard. The commissions and fees will depend on which of the two you choose. Fees for Standard accounts are built into a spread and for Raw accounts into a commission. Another fee you should always consider is the overnight fee, which is an interest for holding an open position overnight in trading.

Being a MetaTrader-only broker, their offers are MetaTrader 4 and the newer MetaTrader 5 platforms from MetaQuotes Software Corporation.

They deliver a personalized trading experience and create an ultra-efficient technology infrastructure for you to trade on and have been awarded the Best Global Forex MT4 Broker 2020 at the Global Forex Awards for doing so.

As for trading platforms, you can use MetaTrader 4.

Trading instruments

FundedNext allows you to trade forex pairs, commodities, and indices with a 1:100 leverage.

They also have a Discord channel with a community chat, payouts chat, support chat, and trade ideas chat where you can discuss different topics around Funded Next.

Support

FundedNext has a FAQ page where you might find the information that you are missing, if not you should contact their support team or join their Discord channel.

The support team is available on their social media or you can directly contact them on their email support@fundednext.com

For further information and communication with the rest of the FundedNext

 community, you should join their Discord channel so you are constantly up to date.

Registration process

To register with FundedNext, you will require to complete the following steps.

1. Sign up for Funded Next

2. Email verification

3. Click the start the Challenge button

4. Choose your desired challenge details

5. Choose your desired payment method

6. Receive the order confirmation in your email

7. Receive your login credentials for phase 1

8. Phase 1 login credentials were provided in less than 5 minutes

Conclusion

Why should you join FundedNext 15% Profit Share: Unlike any other prop firm, FundedNext offers a remarkable 15% profit share from the profits you make during the challenge phases. No Time Limit: Say goodbye to the pressure of reaching profit targets within tight deadlines.

FundedNext removes time limits from most of its funding challenges, allowing you to trade with complete peace of mind. 

Balance Based Drawdown: FundedNext’s unique approach to drawdown calculation sets it apart. Raw Spreads & Lowest Commissions: The top priority is to provide the best trading conditions in the industry.

FundedNext guarantees raw spreads, including in Swap-Free accounts, to optimize your trading experience. Dedicated Account Manager: As a valued trader at FundedNext, you will have the support of a dedicated account manager.

This review about FundedNext was lastly updated on 7/7/2023 at 17:00 (CE(S)T).