Review
Funded Next
Title: "FundedNext Review: Uncovering the Future of Innovation and Entrepreneurship"
MetaTitle: "Empowering Novice Traders: Up to $300K Funding Opportunity by FounderNext for Trading Progression with Evaluation, Express, Stellar Challenges"
FoundedNext offers funding opportunities of up to $300,000 to support new traders as they embark on their trading journey, helping them progress in their early stages. Traders can choose from four different funding options: the Evaluation Model, Express Model, One-Step Stellar Challenge, and Two-Step Stellar Challenge.
With over two and a half years of development, FoundedNext is a well-respected company that provides funding solutions to individuals worldwide. They have a presence in various locations and specialize in offering funding options to aspiring traders.
FoundedNext encourages its clients to aspire to become successful traders, with a strong focus on individuals who demonstrate discipline, risk management skills, and a long-term perspective. This commitment to excellence is reflected in their scaling plan, which allows traders to potentially access significant opportunities, with a maximum cap of $4,000,000. Depending on the chosen funding option, traders can earn a profit share ranging from 60% to 90%. These impressive results can be achieved through trading activities involving forex pairs, commodities, and indices.
Who are Funded Next
FundedNext, an exclusive proprietary trading firm, officially commenced operations on March 18, 2022. The company’s primary aim is to offer its clients a favorable and advantageous trading environment. It provides a variety of four unique funding models: Two-step Stellar, One-step Stellar, Evaluation, and Express. Notably, FundedNext maintains physical offices in multiple global locations, including the United Arab Emirates, the United States, the United Kingdom, and Bangladesh. They offer trader capital allocation of up to $4,000,000, with a maximum profit split of 90%. FundedNext strategically partners with the respected brokerage firm Eightcap. The company’s headquarters is situated in the United Arab Emirates, precisely at the address AI Robotics HUB, C1 Building, AFZ, Ajman, United Arab Emirates.
Abdullah Jayed, the CEO of FounderNext, an immensely successful proprietary trading firm with a strong financial position, has gained worldwide recognition as a skilled young entrepreneur in both the digital sector and the retail trading industry. Established in 2016, FounderNext was founded with the goal of creating employment opportunities worldwide and simplifying people’s lives.
Jayed’s entrepreneurial talents are evident through his noteworthy ventures, including Growth Alliance, MoneyBackFX, and eComChef, all of which quickly became leading companies in their respective markets. Under his leadership, FounderNext has also received substantial acclaim as an attractive entity in the trading firm industry.
At the core of Jayed’s philosophy is the belief that every aspiring individual should wholeheartedly pursue their dreams to achieve their goals. This principle is exemplified within FounderNext, where he actively encourages young and inexperienced traders to test their skills through well-defined trading strategies, thereby nurturing their success.
For those interested in gaining deeper insights into Jayed and his company, you can stay updated on his daily activities and receive updates through his social media profiles, particularly on Instagram and LinkedIn.
Funding Options
As mentioned previously there are four different types of funding options:
- Two-step Stellar challenge model
- One-step Stellar challenge model
- Evaluation model
- Express model
Two-step Stellar challenge account
This model is specifically crafted to identify skilled and committed traders who are duly rewarded for maintaining consistency throughout a two-phase challenge period. The program enables traders to engage in trading with a leverage ratio of 1:100.
In phase one of the challenge, traders are required to achieve an 8% profit target while staying within the boundaries of a 5% maximum daily loss and a 10% maximum loss limit. During this initial phase, there are no strict requirements for daily trading frequency. However, to advance to phase two, traders must complete a minimum of five trading days.
Phase two of the challenge mandates that traders attain a 5% profit target while adhering to the same 5% maximum daily loss and 10% maximum loss restrictions. Similar to phase one, there are no specific obligations regarding daily trading frequency, but to graduate to a fully funded account, a minimum of five trading days is necessary.
Upon successfully completing both phases, traders are granted access to a fully funded account with no specific profit target. Nevertheless, they are expected to observe the 5% maximum daily loss and 10% maximum loss guidelines. The initial profit split stands at 80%, based on the profits generated, and traders will also receive a 15% profit share related to the profits earned during the two-phase challenge, along with their initial payout. Subsequently, payouts will be disbursed on a bi-weekly basis.
The scaling plan for this challenge entails achieving a profit target of 10% or more within four months, with two months of consecutive profits and the last month ending in a profit. Upon meeting these criteria, traders will receive an account increase of 40% of the original amount, with the potential to grow the account balance up to $4,000,000. Additionally, the profit split will increase to 90% when traders scale their accounts for the first time.
Example:
After 4 months: If you have a $200,000 account, your account balance will increase to $280,000.
After next 4 months: Balance of $280,000 increases to $360,000.
After next 4 months: Balance of $360,000 increases to $440,000.
And so on…
Trading instruments for the two-step Stellar challenge model accounts are forex pairs, commodities, and indices.
Rules for two steps Stellar challenge mode:
- The profit target refers to a specific percentage of profit that must be achieved by a trader to successfully complete an evaluation phase, withdraw profits, or expand their account. During Phase 1, the profit target is set at 8%, while Phase 2 has a profit target of 5%. It is important to note that funded accounts are not subject to profit targets.
- The maximum daily loss represents the highest allowable loss a trader can incur within a single day before the account is considered in violation. Across all account sizes, there is a uniform maximum daily loss limit of 5%.
- The maximum loss indicates the highest permissible overall loss that a trader can experience before the account is deemed in violation. Similar to the maximum daily loss, all account sizes adhere to a maximum loss threshold of 10%.
- The minimum trading days denote the minimum duration that traders must actively engage in trading before they are eligible to complete a challenging phase or request a withdrawal. Both phases require a minimum of 5 trading days to be fulfilled.
One-step Stellar challenge account
The one-step Stellar challenge model account offers traders the opportunity to meet challenge requirements with no set limit on the number of trading days and up to a 1:30 leverage.
In the one-step Stellar challenge model phase, traders are required to achieve a 10% profit target while also adhering to a maximum daily loss of 3% and a maximum overall loss of 6%. This account type doesn’t impose any constraints on the number of trading days, providing traders with the flexibility to take as much time as they need. However, they must complete a minimum of 5 trading days per month. It’s important to note that this account type doesn’t enforce any consistency rules, giving traders significant flexibility to work toward their profit goal.
Upon successfully completing the one-step Stellar challenge model phase, you will receive a funded account without profit targets. Nevertheless, you must follow the specified guidelines for a maximum daily loss of 3% and a maximum loss limit of 6%. This account type also doesn’t require consistency in trading. However, you must engage in trading for a minimum of 5 trading days each month.
In this arrangement, your initial profit split will be 80% based on the profits you generate. Additionally, you will be entitled to a 15% profit share from the profits earned during the challenge phase, which will be paid out as your first payout. It’s important to note that your profit split will increase to 90% after the initial scaling of your account.
The One-step Stellar challenge model accounts come with a scaling plan that involves achieving a profit target of 10% or higher within a four-month timeframe. To meet this requirement, two of the four months must result in profits, and the final month must end with a profit. Meeting these criteria will lead to an account increase equivalent to 40% of the initial account balance, with the potential to boost the account balance up to a maximum of $4,000,000
Example:
After 4 months: If you have a $25,000 account, your account balance will increase to $35,000.
After next 4 months: Balance of $35,000 increases to $45,000.
After next 4 months: Balance of $45,000 increases to $55,000.
And so on…
Trading instruments for the one-step Stellar challenge model accounts are forex pairs, commodities, and indices.
rule for the one-step stellar model:
- The profit target represents a predetermined percentage of profit that traders must achieve to successfully conclude an evaluation phase, initiate profit withdrawals, or expand their trading accounts. During the challenge period, the profit target is set at 10%, whereas funded accounts do not have specific profit targets.
- The maximum daily loss denotes the upper limit of loss that traders can incur within a single day before their account is deemed in violation. Across all account sizes, there is a standardized maximum daily loss threshold of 3%.
- The maximum loss signifies the highest permissible aggregate loss that traders can experience before their account is considered in violation. Similarly, all account sizes adhere to a maximum loss limit of 6%.
- The minimum trading days requirement mandates the minimum duration for which traders must engage in trading activities before they are eligible to conclude a challenging phase or initiate a withdrawal. A minimum of 5 trading days is required during the challenge period, and an additional minimum of 5 trading days must be fulfilled within each monthly trading cycle
Evaluation model account
The evaluation model account is designed to identify and reward skilled and consistent traders through a two-phase evaluation process. In the first phase, traders can trade with a leverage of 1:100. During this phase, traders are expected to achieve a 10% profit target while staying within the limits of a 5% maximum daily loss and a 10% maximum loss. This profit target must be reached within a 30-day period starting from the first trade on the evaluation account, and a minimum of five trading days must be completed to progress to the second phase.
In the second phase of the evaluation, traders need to achieve a 5% profit target while adhering to the 5% maximum daily loss and 10% maximum loss rules. This profit target must be met within a 60-day period from the initial trade placement on the evaluation account, and, once again, a minimum of five trading days must be fulfilled to advance to a funded account.
Upon successfully completing both evaluation phases, traders will be rewarded with a funded account where profit targets no longer apply. However, the 5% maximum daily loss and 10% maximum loss limits must still be observed. Initially, traders will receive 80% of the profits they generate as their first profit split. Additionally, a 15% profit share, based on the profits achieved in each evaluation phase, will be provided as part of the first payout. Subsequent payouts will be made bi-weekly.
The evaluation model accounts also include a scaling plan. To qualify for scaling, traders must achieve a profit of 10% or more within a four-month period, with at least two of those months being profitable and the final month ending in profit. Meeting these criteria will increase the trader’s account balance by 40% of the original amount, with the potential to raise the account balance up to $4,000,000. Furthermore, the profit split will increase to 90% after the first account scaling.
Example:
After 4 months: If you have a $200,000 account, your account balance will increase to $280,000.
After next 4 months: Balance of $280,000 increases to $360,000.
After next 4 months: Balance of $360,000 increases to $440,000.
And so on…
Trading instruments for the evaluation program accounts are forex pairs, commodities, and indices
Evaluation Model Account Guidelines
The profit target represents a predetermined percentage of profit that traders must achieve in order to successfully complete an evaluation phase, withdraw profits, or expand their accounts. Phase 1 requires a profit target of 10%, while Phase 2 sets a target of 5%. It is important to note that funded accounts do not have profit targets.
The maximum daily loss refers to the highest allowable loss that traders can incur within a single day before their account is considered in violation. For all account sizes, there is a uniform maximum daily loss limit of 5%.
The maximum loss indicates the highest permissible overall loss that traders can experience before their account is deemed in violation. Similar to the maximum daily loss, all account sizes adhere to a maximum loss threshold of 10%.
The minimum trading days denote the minimum duration during which traders are required to actively engage in trading before they become eligible to complete an evaluation phase or request a withdrawal. Both phases necessitate a minimum of 5 trading days.
Moreover, there are maximum trading day limits, which require traders to achieve a specific profit target or withdrawal target within a defined period. Phase 1 allows a maximum trading period of 30 days, while Phase 2 grants a maximum trading period of 60 days.
Consistency and non-consistency expresses model account
The Consistency Express model’s account allows traders to meet the one-step evaluation criteria without any restrictions on the number of trading days and offers leverage of up to 1:100.
During the evaluation phase of the Consistency Express model, traders are required to achieve a 25% profit target while adhering to a strict maximum daily loss of 5% and a maximum loss limit of 10%. There are no specific time constraints for the evaluation phase, allowing traders to take as much time as they need. However, they must engage in at least 10 trading days per month during this period. Additionally, traders must follow the consistency rule, which emphasizes maintaining consistent trading practices and ensuring steady profit generation until the profit target is reached.
Upon successfully completing the evaluation phase of the Consistency Express model, traders receive a funded account. In this funded account, there are no specific profit targets to meet, but traders must still adhere to the 5% maximum daily loss and 10% maximum loss rules. Importantly, the consistency rule continues to apply even after transitioning to a funded account. Traders are also required to trade for a minimum of 10 trading days during each monthly trading cycle. Initially, the profit split is set at 60% based on the generated profits. Moreover, traders receive a 15% profit share from the profits earned during the evaluation phase as their first payout. Subsequently, the profit split increases to 75% after the first withdrawal and eventually reaches a final profit split of 90% after the second withdrawal.
The Consistency Express model also includes a scaling plan. Traders must achieve a profit target of 10% or more within four months, with two of the four months yielding profits, and the final month concluding with a profit. Upon meeting these criteria, traders become eligible for an account increase equal to 40% of the original account balance, with the possibility of further increasing the account balance up to $4,000,000.
Example:
After 4 months: If you have a $100,000 account, your account balance will increase to $140,000.
After next 4 months: Balance of $140,000 increases to $180,000.
After next 4 months: Balance of $180,000 increases to $220,000.
And so on…
Trading instruments for the Consistency Express model accounts are forex pairs, commodities, and indices.
Consistency in Express Model Account rules
- The profit target represents a specific percentage of profit that traders must achieve in order to successfully complete an evaluation phase, withdraw profits, or expand their accounts. During the evaluation period, the profit target is set at 25%. However, funded accounts do not have profit targets.
- The maximum daily loss denotes the highest allowable loss that traders can incur within a single day before their account is considered in violation. Across all account sizes, there is a uniform maximum daily loss limit of 5%.
- The maximum loss indicates the highest permissible overall loss that traders can experience before their account is deemed in violation. Similar to the maximum daily loss, all account sizes adhere to a maximum loss threshold of 10%.
- The minimum trading days specify the minimum duration during which traders must actively engage in trading before they are eligible to complete an evaluation phase or request a withdrawal. During the evaluation period, a minimum of 10 trading days is required. Furthermore, in each subsequent monthly trading cycle, traders are also expected to trade for a minimum of 10 days.
- The “no weekend holding” policy strictly prohibits traders from maintaining open positions during weekends.
- The “no news trading” policy restricts traders from participating in trading activities during high-impact news releases. During both the evaluation period and funded status, traders are prohibited from opening or closing any trades within a 5-minute window before and after news releases.
- The consistency rule is a fundamental requirement that mandates traders to maintain consistency in various aspects, such as position sizes, risk management, losses, gains, and more. This rule necessitates that account results exhibit a level of consistency, without drastic variations in their characteristics.
Non-Consistency express model account:
The Non-consistency Express model account offers traders the opportunity to fulfill the one-step evaluation criteria without any limitations on the number of trading days and with leverage of up to 1:100. In this evaluation phase, traders are required to attain a 25% profit target while adhering to maximum daily loss of 5% and a maximum loss of 10%. Unlike other account types, there are no specific prerequisites regarding the number of trading days, granting traders the flexibility to determine the duration of their trading activities. However, they must complete a minimum of 10 trading days per month during the evaluation period. It’s important to note that this account type does not impose any consistency rules, allowing traders considerable flexibility to trade as they work toward achieving their profit target.
Upon successful completion of the Non-consistency Express model evaluation phase, traders are rewarded with a funded account equivalent to 25% of the initial challenge amount. In practical terms, if a trader successfully passes the $100,000 Non-consistency Express model evaluation, they will receive a funded account with a balance of $25,000. This account type doesn’t have specific profit targets, but traders must still observe the 5% maximum daily loss and 10% maximum loss rules. Similar to the evaluation phase, there are no consistent rules governing trading activities. Nevertheless, traders are required to engage in a minimum of 10 trading days during each monthly trading cycle.
During the initial profit sharing arrangement, traders are entitled to 60% of the profits they generate. Additionally, they receive a 15% profit share based on the profits earned during the evaluation phase as their first payout. After the first withdrawal, the profit split increases to 75%, and after the second withdrawal, it reaches the final profit split of 90%.
Scaling plans are also applicable to Non-consistency Express model accounts. Traders must achieve a profit target of 10% or more within a four-month timeframe, with at least two of the four months being profitable and the final month concluding with a profit. Upon meeting these requirements, traders receive an account balance increase of 40% of the original account balance, with the potential to further augment the account balance up to $4,000,000.
Example:
After 4 months: If you have a $25,000 account, your account balance will increase to $35,000.
After next 4 months: Balance of $35,000 increases to $45,000.
After next 4 months: Balance of $45,000 increases to $55,000.
And so on…
Trading instruments for the Non-consistency Express model accounts are forex pairs, commodities, and indices.
non-consistency express model rules:
- The profit target represents a predetermined percentage of profit that traders must achieve in order to successfully conclude an evaluation phase, withdraw profits, or expand their trading account. During the evaluation period, the profit target is set at 25%, whereas funded accounts are exempt from profit targets.
- The maximum daily loss signifies the highest permissible loss that traders can incur on a daily basis before their account is deemed to be in violation. Regardless of account size, a uniform maximum daily loss of 5% is applied.
- The maximum loss refers to the upper limit of overall loss that traders can sustain before their account is considered in violation. Similar to the maximum daily loss, all account sizes adhere to a maximum loss threshold of 10%.
- The minimum trading days denote the minimum duration that traders are required to actively engage in trading before they become eligible to complete an evaluation phase or request a withdrawal. A minimum of 10 trading days is mandatory during the evaluation period, and the same requirement applies to each subsequent monthly trading cycle.
- The restriction on news trading prohibits traders from engaging in trading activities during periods of high-impact news releases. Specifically, during the evaluation period as well as when holding a funded status, traders are prohibited from opening or closing any trades within 5 minutes before and after the release of news events.
What makes Funded Next different
FundedNext sets itself apart from other prominent proprietary trading firms by offering a variety of unique funding models. These include the Two-step Stellar, One-step Stellar, Evaluation, and Express models. What further distinguishes FundedNext is their straightforward and flexible approach to trading rules.
Compared to typical proprietary trading firms, the Two-step Stellar challenge model at FundedNext stands out due to its distinctive funding structure. This model requires traders to successfully complete two sequential phases before becoming eligible for payouts. Phase one involves achieving an 8% profit target, followed by phase two with a 5% profit target. Both phases come with rules that limit maximum daily loss to 5% and maximum overall loss to 10%. Importantly, there are no specific requirements regarding the maximum number of trading days, but a minimum trading period of 5 calendar days is mandatory. The Two-step Stellar challenge model also includes a scaling plan. Notably, FundedNext’s profit targets are relatively modest compared to other leading proprietary trading firms, and they do not impose any restrictions on the maximum number of trading days.
In contrast to other proprietary trading firms, FundedNext offers the One-step Stellar challenge model, which operates as a comprehensive evaluation program. Traders only need to complete a single phase to qualify for payouts. In this evaluation phase, the profit target is set at 10%, and traders must adhere to a maximum daily loss of 3% and a maximum loss of 6%. There are no restrictions on the number of trading days, but a minimum trading duration of 5 calendar days is required. Similar to the Two-step Stellar challenge model, the One-step Stellar challenge model incorporates a scaling plan. FundedNext’s maximum loss rules are in line with industry standards, and they do not limit the number of trading days.
FundedNext’s Evaluation model follows a two-phase structure, where both phases must be completed for eligibility for payouts. Phase one requires traders to achieve a profit target of 10%, while phase two has a profit target of 5%. Traders must also comply with maximum daily loss limits of 5% and a maximum loss of 10% for each phase. Additionally, a minimum of 5 trading days is expected during each phase. Like the One-step Stellar challenge model, the Evaluation programs offered by FundedNext include a scaling plan. The profit targets and minimum trading day requirements set by FundedNext are on par with industry standards.
FundedNext introduces a unique offering called the FundedNext Express model accounts. These accounts involve a single-phase assessment process, where traders need to achieve a specified profit target to qualify for payouts. Traders can choose between Consistency and Non-consistency Express model accounts based on their preferences.
In the challenge phase of the Evaluation, traders are required to reach a profit target of 25% while adhering to rules that limit maximum daily loss to 5% and maximum overall loss to 10%. It’s important to note that for Express Non-Consistency Challenges, traders are not allowed to hold trades over the weekend, and both variants of the Express Challenge prohibit trading during high-impact news releases. In terms of trading duration, a minimum of 10 trading days is mandatory, without any specified maximum limit. The Express model accounts also include a scaling plan that allows traders to operate with capital amounts of up to $4,000,000.
In summary, FundedNext distinguishes itself from other leading proprietary trading firms by offering a diverse range of funding programs with straightforward and flexible trading rules. This makes FundedNext an excellent choice for traders with various styles and preferences.
Is getting capital realistic
Assessing proprietary trading firms that align with your forex trading style necessitates a thorough evaluation of their trading requirements. While the idea of a prop trading firm offering a generous profit split on a well-funded account may be appealing, it’s crucial to consider whether they impose high monthly percentage gain expectations coupled with stringent maximum drawdown limits. Such demanding criteria significantly reduce the likelihood of achieving success.
Receiving capital through the two-step Stellar challenge model is considered realistic primarily because it sets below-average profit targets of 8% in the first phase and 5% in the second phase, along with reasonable maximum loss regulations of 5% for daily losses and 10% for overall losses.
Similarly, acquiring capital through the one-step Stellar challenge model can be seen as realistic mainly because it features an average profit target of 10% and maintains standard maximum loss rules of 3% for daily losses and 6% for overall losses.
Moreover, obtaining capital through the evaluation model can be regarded as realistic primarily due to its industry-average profit targets of 10% in the first phase and 5% in the second phase, as well as the implementation of maximum loss rules of 5% for daily losses and 10% for overall losses.
Despite the 25% profit target in the express model, obtaining capital through this program remains realistic due to the absence of limitations on maximum trading days, allowing traders to gradually accumulate profits, reach their profit target, and secure funding. Additionally, traders can choose between Consistency and Non-consistency Express model accounts based on their preferred trading style.
Considering all these factors, FundedNext stands out as an excellent choice for obtaining funding, offering four distinct funding programs: Two-step Stellar, one-step Stellar, Evaluation, and Express. Each program defines realistic trading objectives and establishes conditions for receiving payouts.
Proof of payment indicates that FundedNext was incorporated on March 18, 2022, and has been operating for over a year, solidifying its reputation as one of the leading and fastest-growing proprietary trading firms in the industry.
Additionally, substantial evidence of successful payouts can be found in their official Instagram account posts and within specific channels, “payout-proof” and “5-digit payouts general,” in their Discord server. Furthermore, illustrative instances of payouts are conveniently featured in the pinned posts section of their Telegram channel.
Which brokers does Funded Next use
FundedNext has successfully integrated its technology with Eightcap, a well-respected broker located in Melbourne, Australia, under the oversight of the Australian Securities and Investments Commission (ASIC). Eightcap, established in 2009, remains steadfast in its mission to provide exceptional financial services to its clients. With a global presence spanning five office locations, Eightcap complies with regulatory standards in various jurisdictions, enabling clients from all around the world to participate in trading activities across diverse markets, including foreign exchange (FX), indices, commodities, and shares.
Eightcap is classified as a medium-risk broker, with an overall Trust Score of 73 out of 99, offering the following features:
- Forex Trading
- CFD Trading
- Cryptocurrency Trading
- Social Trading/Copy-Trading
- A total of 326 Tradable Symbols
- A total of 45 Forex Pairs
Clients have the option to select between two account types: Raw and Standard, each with varying commissions and fees structures. Standard accounts have fees included within the spread, while Raw accounts entail separate commissions. It’s essential to consider the overnight fee, which represents the interest charged for holding positions overnight during trading.
As an exclusive MetaTrader broker, Eightcap provides access to the MetaTrader 4 and MetaTrader 5 platforms developed by MetaQuotes Software Corporation. The company is dedicated to delivering a personalized trading experience and has established an efficient technological framework to support your trading activities. Their commitment to excellence was recognized when they received the prestigious title of Best Global Forex MT4 Broker at the esteemed Global Forex Awards in 2020.
It’s worth noting that FundedNext operates its dedicated server, known as the “GrowthNext Server,” within the MT5 platform. Traders also have the flexibility to choose between two popular trading platforms, namely MetaTrader 4 and MetaTrader 5.
Regarding trading instruments, FundedNext allows you to trade forex pairs, commodities, and indices with a leverage ratio of 1:100.
Education and Support
FundedNext’s official website does not provide educational resources or content. However, there is an active discussion thread dedicated to the company on Forex Factory, where users can engage in conversations about the company, its features, and offerings.
FundedNext offers its clients a well-crafted dashboard that provides universal access. This platform enables effective risk management in alignment with clients’ statistical goals, thereby enhancing the overall trading experience.
FundedNext provides a comprehensive FAQ page that serves as a valuable resource for accessing necessary information. Additionally, their support team can be contacted through various channels, including social media or by sending an email to support@fundednext.com.
For immediate assistance, FundedNext offers a 24/7 live chat support team. Users also have the option to submit a support ticket via the provided link on their website.
Clients review
Foundednext has an excellent review from his community
Trustpilot has garnered a commendable rating of 4.6 out of 5 based on an impressive number of 4,139 reviews. It is noteworthy to mention that their platform was launched relatively recently, specifically on March 18, 2022, indicating a remarkable achievement in amassing a substantial and devoted user base within a relatively brief timeframe.
FundedNext’s community mostly praises its responsive customer support team and the smoothness of its well-structured dashboard
FundedNext’s community mostly praises its responsive customer support team and the smoothness of its well-structured dashboard
Social media stats
Foundednext has an excellent review from his community
Trustpilot has garnered a commendable rating of 4.6 out of 5 based on an impressive number of 4,139 reviews. It is noteworthy to mention that their platform was launched relatively recently, specifically on March 18, 2022, indicating a remarkable achievement in amassing a substantial and devoted user base within a relatively brief timeframe.
FundedNext’s community mostly praises its responsive customer support team and the smoothness of its well-structured dashboard
FundedNext’s community mostly praises its responsive customer support team and the smoothness of its well-structured dashboard
Conclusion
To summarize, FundedNext emerges as a well-regarded proprietary trading company in the field, offering a variety of models for traders to choose from. These models include the Two-step Stellar, one-step Stellar, Evaluation, and Express models. Moreover, their trading guidelines are straightforward and not overly restrictive.
For the Two-step Stellar challenge model accounts, traders are required to complete two phases to become funded and eligible for profit sharing. FundedNext establishes achievable profit targets of 8% in phase one and 5% in phase two, which align with the 5% maximum daily loss and 10% maximum loss rules. Opting for this model enables traders to earn profit shares ranging from 80% to 90% and provides opportunities for account growth.
Conversely, the one-step Stellar challenge model accounts necessitate the completion of a single phase for funding and profit sharing eligibility. FundedNext sets a 10% profit target for this model, which also aligns with the 3% maximum daily loss and 6% maximum loss rules. With one-step Stellar challenge model accounts, traders can earn profit shares ranging from 80% to 90% and have the chance to expand their accounts.
The Evaluation model accounts adhere to the industry-standard two-phase challenge, requiring traders to complete both phases for funding and profit sharing. FundedNext establishes profit targets of 10% in phase one and 5% in phase two, which are considered realistic goals, considering the 5% maximum daily loss and 10% maximum loss rules. Participation in the evaluation programs allows traders to earn profit shares ranging from 80% to 90% and offers opportunities for account growth.
Lastly, the Express model accounts provide a one-step challenge, where a single phase must be completed for funding and profit sharing eligibility. FundedNext sets a 25% profit target for this model while maintaining the 5% maximum daily loss and 10% maximum loss rules. Additionally, traders can choose between Consistency and Non-consistency Express model accounts based on their trading preferences. With a minimum trading period of 5 calendar days and no maximum trading days limitation, traders have the flexibility to gradually accumulate profits. Express model accounts offer profit shares ranging from 60% to 90% and the option to scale their accounts.
Given their transparent rules and trading goals, FundedNext is highly recommended for traders seeking a reputable proprietary firm. Despite being relatively new in the industry, they have established themselves as a reliable and secure choice for traders seeking capital. Furthermore, they provide favorable conditions to accommodate a wide range of traders with unique trading strategies. Considering their comprehensive offerings, FundedNext currently ranks among the top proprietary trading firms in the industry.
