FundedNext Review
So let's begin our FundedNext Review. This Prop Firm is dedicated to aiding traders in achieving their trading goals. They focus on supporting clients who exhibit discipline, strong risk management skills, and a consistent approach to trading over time. Traders are presented with the chance to make significant earnings, while also having the option to handle accounts as large as $200,000 and benefit from profit shares ranging from 60% to 95%. This opportunity extends to trading a diverse range of financial instruments, such as forex pairs, commodities, and indices.
- Automated trading (Expert Advisors) - YES
- Platform for trading - MetaTrader 4, MetaTrader 5, cTrader
- Leveraege - up to 1:100
- Participation cost - from $59
- Weekend holding positions - allowed
- Grid and martingale trading - allowed
- Stop-loss Required - No
Go to the FundedNext website
Expert Advisors Suitable for this Prop Firm:
FundedNext Funding Programs
Two-step Stellar FundedNext Program
FundedNext rules:
- Profit Targets: Traders must hit specific profit percentages during the evaluation phases, with Phase 1 requiring 10% and Phase 2 requiring 5%. Funded accounts have no set profit targets.
- Maximum Daily Loss: A 5% daily loss limit applies to all account sizes.
- Maximum Loss: A 10% total loss limit is set for all accounts.
- Minimum Trading Days: Both evaluation phases require a minimum of five trading days.
Participation cost:
The Two-step Stellar Challenge from FundedNext offers traders a chance to handle accounts from $6,000 to $200,000. This challenge seeks to spotlight traders who are not only profitable but also adept at risk management across the two evaluation stages. Participants can trade with leverage up to 1:100.
In the first evaluation phase, traders must achieve an 8% profit target without exceeding a 5% daily loss or a 10% total loss. There's no upper limit on trading days, but a minimum of five trading days is necessary to advance to the next phase.
The second evaluation phase sets a 5% profit target with the same loss restrictions as the first phase. Similarly, while there's no maximum limit on the number of trading days, a minimum of five days is required to transition to a funded account.
Successful completion of both phases results in a funded account with no minimum withdrawal limits, adhering to the 5% daily and 10% total loss rules. The first payout occurs 14 days after the first trade on the funded account, with subsequent bi-weekly withdrawal options. Profit splits range from 80% to 90%, with an additional 15% profit share from each evaluation phase once a 5% return is achieved on the funded account.
Under the scaling plan, if a trader is consistently profitable over certain periods, they qualify for a 40% increase in their initial account size. A successful first scale-up leads to a profit split increase to 90%.
For example, a $100,000 account can grow to $140,000 after four months and continue increasing at similar intervals.
One-step Stella FundedNext Program
FundedNext rules:
- Profit Target: Traders are tasked with hitting a pre-set profit margin to conclude the evaluation phase effectively, access their earnings, or augment their trading account. A 10% profit is the goal during the evaluation phase, whereas funded accounts aren't bound by explicit profit targets.
- Maximum Daily Loss: Traders are limited to a maximum single-day loss of 3% across all account sizes to prevent breaching the account.
- Maximum Loss: An overall loss cap of 6% is in place for all accounts, ensuring traders don't exceed the total permissible loss.
- Minimum Trading Days: Traders are required to trade for a minimum of five days during the evaluation phase to successfully progress.
Participation cost:
The One-step Stellar Challenge from FundedNext offers traders the chance to oversee accounts varying between $6,000 and $200,000. The objective is to pinpoint traders who exhibit both profitability and effective risk management over a singular evaluation stage. Participants in the One-step Stellar Challenge can utilize leverage of up to 1:30.
During the evaluation, traders are tasked with achieving a 10% profit goal while adhering to a 3% maximum daily loss and a 6% overall loss limit. There are no upper limits on the number of trading days for this phase, but a minimum of five trading days is mandatory to transition to a funded account.
Successful completion of the evaluation phase grants access to a funded account without any minimum withdrawal constraints. Traders must adhere to the 3% daily loss and 6% total loss limits. The initial payout is scheduled 14 days after the first trade on the funded account, with the possibility of bi-weekly withdrawals thereafter. Profits are shared at a rate of 80% to 90%, depending on the trader's success on the funded account. Additionally, a 15% profit share from the evaluation phase earnings is rewarded once a 5% return is achieved on the funded account.
The One-step Stellar Challenge incorporates a scaling plan designed for consistently profitable traders. Should a trader maintain profitability for at least two quarters within a four-month timeframe, achieving an average of 10% returns over three months or maintaining a 2.5% return each month over four months, they become qualified for a 40% increment to their initial account size. Upon the first successful scaling of their One-step Stellar Challenge, the profit share escalates to 90%.
Evaluation Model FundedNext Program
FundedNext rules:
- Profit Target: Traders are required to hit a specific profit margin to effectively complete an evaluation phase, access their earnings, or expand their trading account. The initial phase has a profit goal of 10%, while the second phase demands a 5% target. Funded accounts aren't assigned explicit profit goals.
- Maximum Daily Loss: A cap is set at 5% for the maximum loss a trader can incur in a single day across all account sizes, ensuring the account isn't compromised.
- Maximum Loss: An overarching loss limit of 10% is established for all accounts, marking the total permissible loss threshold.
- Minimum Trading Days: A minimum of five trading days is mandatory to successfully progress through each evaluation phase.
- Maximum Trading Period: Traders have a set period of 4 weeks in phase one and 8 weeks in phase two to meet their profit targets and complete their evaluation.
Participation cost:
FundedNext’s Assessment Scheme offers traders the chance to oversee accounts from $6,000 to $200,000. The goal is to discover skilled traders who can generate profits and adeptly navigate risks during the dual-phase evaluation period. The Assessment Scheme permits trading with leverage as high as 1:100.
In the first phase of evaluation, traders are expected to achieve a 10% profit goal while adhering to a 5% maximum daily loss and a 10% overall loss limit. Time constraints require that the profit target be met within 4 weeks, and traders must engage in trading for at least 5 calendar days to move on to the next phase.
The second evaluation phase sets a 5% profit goal, with the same daily and total loss restrictions. Traders have 8 weeks to meet this target and must also trade for a minimum of 5 calendar days to advance to a funded account.
Upon successful completion of both phases, traders are granted a funded account without any minimum withdrawal conditions. They must continue to observe the 5% daily and 10% total loss limits. The initial withdrawal is available 14 calendar days after the first transaction in the funded account, with subsequent bi-weekly withdrawal opportunities. Profit shares vary between 80% and 90% based on the earnings in the funded account. Moreover, a 15% profit share from each evaluation phase is awarded once a 5% return is achieved on the funded account.
The Evaluation Model incorporates a scaling strategy for successful traders. If a trader consistently achieves profits over two of the past four months, with an average return of 10% across three months or a steady 2.5% monthly return over four months, they become qualified for a 40% increase in their initial account size. Upon the first scale of their Evaluation Model, the profit share rises to 90%.
Consistency Express Model FundedNext Program
FundedNext rules:
- Profit Target: Traders are tasked to reach a specified profit goal to successfully wrap up an evaluation phase, access their earnings, or enhance their trading account. The profit goal during the evaluation phase is set at 25%, while funded accounts are not bound by specific profit goals.
- Maximum Daily Loss: A 5% daily loss cap is imposed across all account sizes to safeguard against excessive losses in a single day.
- Maximum Loss: An overall 10% loss limit is set for all accounts, marking the maximum loss threshold permitted.
- Minimum Trading Days: A minimum of 10 trading days is required during the evaluation phase, and traders must also engage in trading for at least 10 days in each monthly cycle.
- No Weekend Holding: Traders must ensure that all positions are closed before the market closes on Friday, prohibiting the holding of trades over the weekend.
- No News Trading: Trading during periods of high-impact news releases is not allowed.
- Consistency Rule: This rule obligates traders to maintain a consistent approach in aspects like position sizes, risk management, and trading outcomes. Significant fluctuations in account performance characteristics are not allowed. The rule's primary focus is on the number of trading days, trade volumes, and lot sizes.
Participation cost:
The FundedNext Consistency Express Model offers traders the chance to oversee accounts from $6,000 to $200,000. Its goal is to find traders who are not only profitable but also disciplined and capable of managing risks during a one-phase evaluation. With the Consistency Express Model, traders can utilize leverage up to 1:100.
During the evaluation, traders need to hit a 25% profit mark while keeping within the boundaries of a 5% maximum daily loss and a 10% overall loss. There are no upper limits to the number of trading days for this phase, but a minimum of 10 trading days is essential to advance to a funded account. Adherence to the consistency rule is crucial throughout this phase to cultivate beneficial trading habits and ensure steady profit growth until the target is reached. A 15% profit share from the profits made during the evaluation phase is awarded every 4-week trading cycle until the 25% profit goal is met.
Upon successful completion of the evaluation, traders receive a funded account with no restrictions on withdrawal amounts. The 5% daily loss and 10% total loss limits still apply. Continued adherence to the consistency rule is required, along with a commitment to trade for at least 10 days in each monthly cycle. The initial profit share is 60%, based on the profits made. This share increases to 75% at the second withdrawal and ultimately rises to 90% from the third withdrawal onwards.
The Consistency Express Model introduces a scaling strategy for consistently profitable traders. If a trader has sustained profits for at least two quarters within the last four months, achieving an average return of 10% over three months or a consistent 2.5% monthly return over four months, they become eligible for an increase in their initial account size by 40%.
Non-Consistency Express Model FundedNext Program
FundedNext rules:
- Profit Target: Traders are required to reach a predetermined profit threshold to effectively conclude an evaluation phase, withdraw profits, or upscale their trading account. The evaluation phase has a profit aim of 25%. Funded accounts aren't assigned specific profit goals.
- Maximum Daily Loss: A limit of 5% maximum daily loss is set for all account sizes to prevent breaching the account with excessive daily losses.
- Maximum Loss: There's a comprehensive loss cap of 10% across all accounts, marking the total allowable loss threshold.
- Minimum Trading Days: Traders need to engage in trading for at least 10 days during the evaluation phase and continue with a minimum of 10 trading days in each subsequent monthly cycle.
- No News Trading: Engaging in trades during periods of high-impact news releases is strictly prohibited.
- Consistency Rule: This rule requires traders to exhibit consistent trading patterns in aspects like position sizes, risk management, and trading outcomes. Significant fluctuations in the account's performance characteristics are discouraged. The rule focuses on maintaining uniformity in the number of trading days, trade volumes, and lot sizes.
Participation cost:
The FundedNext Consistency Express Model offers traders the chance to oversee accounts from $6,000 to $200,000. Its goal is to find traders who are not only profitable but also disciplined and capable of managing risks during a one-phase evaluation. With the Consistency Express Model, traders can utilize leverage up to 1:100.
During the evaluation, traders need to hit a 25% profit mark while keeping within the boundaries of a 5% maximum daily loss and a 10% overall loss. There are no upper limits to the number of trading days for this phase, but a minimum of 10 trading days is essential to advance to a funded account. Adherence to the consistency rule is crucial throughout this phase to cultivate beneficial trading habits and ensure steady profit growth until the target is reached. A 15% profit share from the profits made during the evaluation phase is awarded every 4-week trading cycle until the 25% profit goal is met.
Upon successful completion of the evaluation, traders receive a funded account with no restrictions on withdrawal amounts. The 5% daily loss and 10% total loss limits still apply. Continued adherence to the consistency rule is required, along with a commitment to trade for at least 10 days in each monthly cycle. The initial profit share is 60%, based on the profits made. This share increases to 75% at the second withdrawal and ultimately rises to 90% from the third withdrawal onwards.
The Non-Consistency Express Model includes a scaling framework designed for traders who consistently demonstrate profitability. If a trader maintains a profitable status for a minimum of two quarters within a four-month span, achieving either an average 10% return over three months or a steady 2.5% monthly return throughout the four months, they qualify for a 40% increase in their initial account size.
Is Acquiring Capital from FundedNext Feasible?
When pondering over proprietary trading firms and their fit with your forex trading approach, it's vital to assess the attainability of the trading prerequisites. While a firm might offer appealing profit splits on substantial funded accounts, the feasibility may diminish if they set high monthly profit expectations paired with strict maximum drawdown percentages, thus slimming the chances of success. Equally important is the consideration of time limitations, with an unrestricted trading duration being more beneficial as it reduces the urgency imposed by time limits. Additionally, thoroughly understanding all trading regulations during both the evaluation and funding stages is crucial to avoid unintentionally breaching your account's terms.
- Securing funds through the Two-step Stellar Challenge is deemed feasible owing to its modest profit goals (8% in phase one and 5% in phase two) and standard maximum loss rules (5% daily and 10% overall maximum loss). Notably, this challenge imposes no maximum trading day restrictions while requiring a minimum of 5 calendar days of trading. Upon completing both evaluation phases, participants stand to earn with a lucrative profit share of 80% to 95%.
- Gaining capital through the One-step Stellar Challenge is considered realistic due to its standard 10% profit goal and typical maximum loss parameters (3% daily and 6% overall maximum loss). Like the Two-step, it has no maximum trading day limitations but necessitates at least 5 calendar days of trading. Success in the evaluation phase opens the door to payouts with a profitable split of 80% to 95%.
- Accessing funds via the Evaluation Model is achievable, largely thanks to its reasonable profit objectives (10% in phase one and 5% in phase two) alongside standard maximum loss guidelines (5% daily and 10% overall maximum loss). This model includes a maximum trading period of 4 weeks in phase one and 8 weeks in phase two, with a minimum of 5 calendar days required for trading. Completing both phases qualifies participants for payouts with an appealing profit share of 80% to 95%.
- Obtaining capital from the Consistency Express Model is plausible, especially with its slightly higher profit aim of 25% paired with typical maximum loss regulations (5% daily and 10% overall maximum loss). This model doesn't set a cap on trading days but mandates a minimum of 10 calendar days of trading, adherence to a consistency rule, and prohibits weekend holding. Completion of the evaluation phase rewards traders with a profit split ranging from 60% to 95%.
- Securing funds from the Non-Consistency Express Model is also viewed as feasible, given its somewhat higher 25% profit goal and standard maximum loss criteria (5% daily and 10% overall maximum loss). There are no limits on the maximum number of trading days, but a 10-day minimum trading requirement is in place. Successful completion of the evaluation phase enables participants to earn with a profit split of 60% to 95%.
Upon considering all elements, FundedNext stands out as a commendable option with its five distinct funding programs, comprising two two-step and three one-step evaluations. Each program offers realistic trading objectives and conditions to qualify for payouts.
Evidence of Payouts
Established on March 18, 2022, FundedNext is a proprietary trading firm boasting a significant community of traders who have attained funded status and are consequently entitled to a share of the profits.
As a trader collaborating with FundedNext, once you attain funded status through any of the programs like the Two-step Stellar Challenge, One-step Stellar Challenge, Evaluation Model, Consistency Express Model, or Non-Consistency Express Model, you're set to receive your initial payout after a 14-day calendar period. Following your initial payout, subsequent payouts are available every 14 calendar days, provided your profits exceed the original account size. The profit share you receive ranges from a substantial 80% to 90%, reflecting the profits generated in your funded account.
For those seeking verification of FundedNext's payment practices, various platforms offer testimonials and evidence. Trustpilot features reviews from traders discussing their experiences and successful payout processes with the company. Additionally, FundedNext's Discord channel, YouTube channel, and Instagram page provide a plethora of payout certificates and interviews with some of their most prosperous traders.
Images illustrating examples of Payout Certificates and evidence of payments can be viewed below.
