FundedNext Review: Will This Prop Trading Platform Change the Way You Trade?

Are you looking for a prop trading platform that can give you the leverage and capital to trade confidently? Have you heard about FundedNext but are not sure if it is worth your time and resources?

We get it. Investing in something unknown can be daunting. So we have done all the research and dug deep to provide you with an informed opinion on this new prop trading platform.

We are convinced that after reading our review of FundedNext, you’ll have the information you need to decide whether or not to start trading with this platform. It’s time to unleash your full potential! Now, let’s find out whyFundedNext is altering the way traders think of prop trading firms!

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What Does FundedNext Offer Aspiring Traders?

If you’re searching for a prop trading firm to help you advance your trading career, FundedNext might be the one. FundedNext is a prop trading firm that funds traders who have exhibited profitable trading skills. They claim to have funded over 32,000 traders in over 195 countries and paid out over $34 million in winnings, with an average payout period of 5 hours.

This prop trading firm offers different funding models that can be tailored to your trading needs, such as profit targets, time limits, and minimum trading days. Once you successfully pass the funding application, FundedNext will provide a live funded account for you to start your real-time trading experience with the platform.

FundedNext funds forex, indices, and commodity trading using the MetaTrader 4 and 5 (MT4 and MT5) platforms. To offer trading services on the MT4 platform, FundedNext has teamed with Eightcap, an ASIC-regulated broker. The prop trading firm also launched GrowthNext as its own MT5 broker. Based on their broker selection, you get the idea that FundedNext is serious about providing the best service and assistance to its traders.

FundedNext is the best option for traders who want to achieve their goals and maximize their earning potential, whether you’re a rookie, a seasoned trader, or somewhere in between.

What are the Funding Models of FundedNext?

FundedNext will finance you if you apply for a challenge. This usually involves reaching the profit target while adhering to all of the trading rules specified for each financing model. The platform currently offers 3 funding models: FundedNext: Evaluation, Express, and Stellar. If you accomplish the challenge, FundedNext will now give you a funded account to start profiting from your trades.

Here are some details to be aware of before applying for any funding model:

You must pay the registration cost to continue with the challenge, which is refundable once you receive your first payout. If you do not trade within 7 days of registering, you can claim a refund.
If you breach any trading rules, you can reset your trading activity with FundedNext at a discounted rate.
Even if you broke a trading rule, all earnings gained in your demo or funded account are still yours.
Except for Express funded accounts, you must trade at least 5 days per month for all funding models.
For traders who want to avoid overnight holding fees, FundedNext also provides swap-free accounts. FundedNext will cover these fees; hence, the rate is 10% higher than for standard swap accounts.
The prop trading firm can only provide up to $300,000 in funding. You can, however, scale up your account every four months with a 40% increase in funding up to $4 million. You must meet the following conditions to be eligible:
- Achieve a minimum of 10% account growth in four months.
- Within these four months, you must get at least two payouts.
- The last monthly trading cycle should end in profit.

3 funding models of FundedNext: Evaluation, Express, and Stellar — ^{Comparison between the 3 funding models.}

Evaluation Funding Model

In this model, your goal will be to demonstrate your trading ability in 2 phases with highly realistic profit targets. When you reach your goals, you will begin trading on FundedNext’s funded account with an 80% profit share. Based on your performance, the profit split rate can be increased up to 90%.

These are the rules that aspiring traders like you should follow in the Evaluation funding model:

Daily drawdown of 5% of your demo or funded account balance.
10% total drawdown based on your demo or funded account’s initial amount.
10% profit target in 4 weeks in phase 1 and 5% profit target in 8 weeks in phase 2.
Profits from your funded account are paid out biweekly, with the first payment made after four weeks of trading.

Here are some more details about this funding model:

If you are in profit but cannot meet your target within 4 weeks while following the trading rules, you will be offered an additional 14 days to complete the phase 1 challenge.
If you’re in profit but can’t meet your aim during a trading cycle while adhering to the trading rules, FundedNext will provide you with unlimited retakes at no extra cost.
You can apply for up to $200,000 of funding from FundedNext.
The registration fee starts at $49 and goes up to $999, depending on the funding amount selected.
The reset fee is 90% of the original price. You can reset during the phase 1 challenge only.

Express Funding Model

In this model, your goal will be to make a 25% profit in no time. When you reach the goal, you will begin trading on FundedNext’s funded account with a 60% profit share. Depending on your performance, the profit split percentage might be increased all the way up to 90%.

The rules for completing the challenge in the Express funding model are as follows:

Daily drawdown of 5% of your demo or funded account balance.
10% total drawdown based on your demo or funded account’s initial amount.
25% profit target with no time limit to get your funded account.
Unless you are unable to trade due to unforeseen circumstances, you must trade at least 10 days per month.

Here are some further details about this funding model:

For the Express funding model, you have two account types to choose from: consistency and non-consistency.
- Every week, you must keep a consistent number of trades and lot sizes for the consistency account types. FundedNext entitles you to 100% of the funding amount in exchange for this rule.
- Non-consistency account types, on the other hand, are only eligible for 25% of the funding amount.
FundedNext can provide up to $200,000 in funding for consistency accounts and $100,000 for non-consistency accounts.
For consistency account types, registration prices range from $49 to $999. Meanwhile, registration fees for non-consistency account types have increased by 10% for all funding levels.
The reset fee is 80% of the original price. You can reset during challenges only.

Express funding model - consistency account — ^{Express funding model inclusions for consistency account. Non- consistency accounts have 10% higher registration fees.}

Stellar Funding Model

FundedNext introduced a new funding model in which you can meet profit targets in two ways: one-step and two-step challenges. When you finish either task, you’ll be able to start trading on FundedNext’s funded account with an 80% profit share. The profit split rate can be modified up to 90% based on your success.

FundedNext’s rules for the one-step Stellar challenge are as follows:

3% daily drawdown on your demo or funded account’s initial balance.
6% total drawdown based on your demo or funded account’s original balance.
10% profit target with no time limit.
Low leverage ratio of 1:30, instead of the standard 1:100.

Meanwhile, the two-step Stellar challenge has the following rules:

Daily drawdown of 5% of your demo or funded account balance.
10% total drawdown based on your demo or funded account’s initial amount.
Profit targets of 8% and 5% for phases 1 and 2, with no time limit.

The maximum funding for both challenges is $200,000. Registration fees range from $59 to $999, depending on the funding amount chosen.

The reset fee is 90% of the original price. You can reset during one-step and two-step challenges only.

Stellar funding model - one-step challenge — ^{Stellar funding model inclusions. One-step and two-step challenges have the same registration fees for all funding amounts.}

What Makes FundedNext Different?

FundedNext is designed to be the best partner for traders, offering a variety of services to help them trade more effectively and successfully. Here are some of the things that set FundedNext apart from other prop trading firms:

15% profit share from demo accounts.
No time limit on challenges, except for the Evaluation funding model.
Drawdown limit based on the initial balance of your demo or funded account.
Raw spreads and lowest commissions of $3/round lot on FX Pairs & Commodities and $0/round lot on Indices.
Get account access in seconds after completing the signup process.
No unrealistic profit targets.
Appropriate for all trading styles, including swing trading, intraday trading, scalping, etc.
Reset your account balance at a discounted rate if you breach a trading rule.

What Do You Need to Keep in Mind in Prop Trading Platforms Like FundedNext?

The concept of prop trading platforms like FundedNext really attracts aspiring traders like you, especially if capital is an issue. The catch, however, is that these trading platforms will bind you by the set trading rules, such as drawdown limits and set profit targets. It is for them to prevent loss of capital if a funded trader consistently loses his/her trades.

Here are some things to bear in mind when trading on prop trading platforms like FundedNext:

Understand the risks of trading on these platforms.
Conduct research and learn about the firm’s trading strategy, fees, and risk management procedures.
Be patient, as it takes time to become a successful trader.

Trading in a prop trading firm can be a rewarding experience if you are willing to embrace the risks and challenges. But keep in mind that there is no guarantee of success.

Here are some more tips for trading in proprietary trading firms:

Make a trading plan that outlines your trading goals, risk tolerance, and trading strategy.
To avoid making emotional trading judgments, stick to your trading plan even when things are going well.
Set stop-loss orders to limit your losses.
It can be helpful to get help from a mentor, especially if you’re new to trading.

Ultimately, it’s up to you to weigh the pros and cons and decide whether a prop trading platform is the right choice for them.

What Do Users Think of FundNext?

When it comes to making important financial decisions, it’s always helpful to have some insight from other customers who have been in similar situations. That’s why we’ve compiled reviews of FundedNext from Trustpilot, a reputable review site for different products and services. These reviews offer valuable insights into what customers really think about their experiences with FundedNext.

Based on over 4,000 reviews, FundedNext has a Trustpilot rating of 4.7 out of 5 stars. More than 80% of the reviews are positive, indicating that the prop trading firm is a good one. Users appear to be pleased with FundedNext as a prop trading firm. It takes a straightforward and transparent approach; customer service is always willing to assist; and funding is competitive.

Name/Nickname: Adamson Suleiman

Wow, first time of seeing a prop firm that offers 40% discount and a whooping 15% profit share from the two phases.

I can say that this is the best prop firm ever. Not just because of the benefits mentioned above but because of other exciting benefits which includes daily giveaway, monthly giveaway. What is even more exciting is the monthly free competition in which from 1st person to the 600th person get rewards.

This is the best to me. If there is more star to give I will give more than this 5.

Name/Nickname: Salman Munir

I’m a funded client with FN. The experience on challenge and live has been great. Trevor helped me resolve my issues on Discord, the support is immediate. I look forward to my first payout soon, I’ll keep updating the progress.

Name/Nickname: Paul Okokhue

FundedNext has been an amazing prop firm since it’s creation. If there was anything as a “6 star” rating I’ll definitely give it to them.
From the UI to the world class dashboard to it’s amazing products, everything about FundedNext is just pure excellence.

Is FundedNext a Good Choice for Aspiring Traders?

FundedNext has recently gained a lot of interest in the trading community, with traders wondering if it’s worth their time. The verdict? It’s complicated.

Some traders have found great success with FundedNext because of its extensive funding options and easy-to-use platform. Others, on the other hand, have found the drawdown limits and profit-sharing agreements to be too burdensome. Therefore, personal tastes and trading methods are at the root of it all.

Again, if you’re a trader who values access to funds and isn’t worried about the trade-offs, FundedNext could be a good fit. It’s definitely worth looking at if you’re seeking a new way to build your trading career.