#8. Funded Next

FundedNext, a proprietary trading firm, underwent a two-and-a-half-year development phase before launching their operations. With a global presence spanning four locations, they offer funding options to traders worldwide.

FundedNext prioritizes the success of traders in their trading careers and seeks disciplined individuals who effectively manage risk and strive for long-term consistency. This commitment is reflected in their scaling plan, which offers a substantial cap of $4,000,000. Traders have the opportunity to earn profit splits ranging from 60% to 90%, based on the funding program option they choose. These profits can be achieved through trading forex pairs, commodities, and indices.

Who are FundedNext?

FundedNext, a proprietary trading firm incorporated on March 18, 2022, is dedicated to providing traders with an advantageous trading environment. They have introduced four unique funding models, including Two-step Stellar, One-step Stellar, Evaluation, and Express, to cater to the diverse preferences of traders.

Headquartered in Bangladesh, FundedNext enables traders to access capital up to $4,000,000 and earn profit splits of up to 90%. As a collaborative partner, FundedNext has joined forces with Eightcap, a renowned broker, to facilitate seamless trading operations.

Who is the CEO of FundedNext?

Syed Abdullah Jayed is the CEO of Funded Next

Funding program options

• Two-step Stellar challenge model
• One-step Stellar challenge model
• Evaluation model
• Express model

Two-step Stellar challenge model accounts

FundedNext's two-step Stellar challenge model account is designed to recognize dedicated and skilled traders who demonstrate consistent performance throughout the two-phase challenge period. By participating in the challenge program account, traders have the opportunity to trade with leverage of 1:100.

During challenge phase one of FundedNext, traders must achieve a profit target of 8% while adhering to the 5% maximum daily loss and 10% maximum loss rules. There is no restriction on the maximum number of trading days in phase one, but traders must trade for a minimum of five days to progress to phase two.

In challenge phase two, traders aim to reach a profit target of 5% while maintaining the 5% maximum daily loss and 10% maximum loss rules. Similar to phase one, there is no maximum limit on trading days, but a minimum of five trading days is required to qualify for a funded account.

Upon successfully completing both challenge phases, traders are granted a funded account without specific profit targets. The only requirements are to stay within the 5% maximum daily loss and 10% maximum loss rules. The initial profit split is set at 80% based on the trader's profits, and an additional 15% profit share is awarded for each challenge phase. After the first payout, subsequent payouts are received on a bi-weekly basis.

Two-step Stellar challenge model account scaling plan

The two-step Stellar challenge model accounts implemented by FundedNext include a scaling plan with specific criteria. Within a four-month timeframe, traders are required to achieve a profit target of 10% or more, ensuring that two out of the four months are profitable and the final month concludes with a profit.

As a result, the trader's account balance receives a 40% increase from the original amount, with the potential to scale the account all the way up to $4,000,000. Moreover, scaling the account for the first time also leads to an increase in the profit split, reaching 90%.

For instance, after 4 months, if the initial account balance is $200,000, it will increase to $280,000. After the subsequent 4 months, the balance of $280,000 will further grow to $360,000. This process continues, with each 4-month period resulting in an account balance increase, such as $360,000 to $440,000, and so forth.

The two-step Stellar challenge model accounts allow trading across various instruments, including forex pairs, commodities, and indices.

Two-step Stellar challenge model account rules

• A profit target represents a predetermined percentage of profit that traders must achieve in order to fulfill certain requirements, such as completing an evaluation phase, withdrawing profits, or scaling their account. In phase 1 of the evaluation process, the profit target is set at 8%, while in phase 2, it decreases to 5%. However, once traders progress to funded accounts, there are no specific profit targets to meet.

• The maximum daily loss refers to the highest amount of loss that a trader can incur in a single day without violating the account rules. Regardless of the account size, all traders have a maximum daily loss limit set at 5%. This limit serves to manage risk and ensure that trading activities remain within acceptable parameters.

• The maximum loss represents the highest allowable cumulative loss that a trader can reach before breaching the account rules. It applies to all account sizes, with a standardized maximum loss limit of 10%. This limit is designed to safeguard the trader's capital and prevent excessive losses that may jeopardize the account's viability.

• The minimum trading days refer to the minimum duration for which a trader must engage in trading activities before certain milestones can be achieved, such as completing a challenge phase or requesting a withdrawal. In both challenge phases, there is a mandatory requirement of trading for a minimum of five days. This ensures that traders demonstrate a consistent level of participation and engagement in the trading process.

One-step Stellar challenge model accounts

Traders utilizing FundedNext's one-step Stellar challenge model account have the advantage of meeting the challenge requirements through a single step, without being subjected to any specific limitations on the number of trading days. Additionally, traders can leverage their trades up to a ratio of 1:30, providing them with potential flexibility and opportunities within their trading activities.

The one-step Stellar challenge model phase offered by FundedNext requires traders to achieve a profit target of 10% while adhering to the 3% maximum daily and 6% maximum loss rules.

Notably, this account type does not impose any maximum trading day requirements, allowing traders to trade at their own pace. However, traders are expected to engage in a minimum of 5 trading days per month during the trading period. It is important to emphasize that this account type does not impose a consistency rule, granting traders the freedom to trade with minimal limitations and focus on reaching their profit targets.

Upon successfully completing the one-step Stellar challenge model phase, traders are granted a funded account where profit targets are not applicable.

Traders are only required to adhere to the 3% maximum daily and 6% maximum loss rules. Similar to the challenge phase, the funded account also does not impose a consistency rule, enabling traders to trade with considerable flexibility.

However, it is necessary to trade for a minimum of 5 trading days in each monthly trading cycle. Initially, traders receive an 80% profit split based on their profits, accompanied by a 15% profit share from the challenge phase with their first payout. Notably, the profit split can increase up to 90% once the trader scales their account for the first time.

One-step Stellar challenge model account scaling plan

The one-step Stellar challenge model accounts offered by FundedNext also include a scaling plan. To qualify for scaling, traders need to achieve a profit target of 10% or higher within a four-month period, ensuring that two out of the four months are profitable and the final month concludes with a profit. Upon meeting these requirements, traders will experience an account increase of 40% based on the original account balance, with the potential to elevate their account balance up to $4,000,000.

Here's an example to illustrate the scaling process:

After 4 months: If you possess a $25,000 account, your account balance will rise to $35,000.

After the subsequent 4 months: The balance of $35,000 will further increase to $45,000.

After another 4 months: The balance of $45,000 will continue to grow to $55,000.

And so forth...

It is worth noting that the trading instruments available for one-step Stellar challenge model accounts encompass forex pairs, commodities, and indices.

One-step Stellar challenge model account rules

• The profit target represents a predetermined percentage of profit that traders must achieve in order to successfully complete an evaluation phase, request profit withdrawals, or scale their account. During the challenge period, the profit target is set at 10%, indicating the desired level of profitability that traders need to reach. However, once traders have successfully transitioned to a funded account, there are no specific profit targets to meet.

• The maximum daily loss refers to the highest allowable amount of loss that a trader can incur within a single trading day before the account is considered in violation. Across all account sizes, there is a uniform maximum daily loss limit of 3%, ensuring that traders maintain risk within acceptable boundaries during their daily trading activities.

• The maximum loss represents the highest permissible level of overall loss that a trader can experience before their account is deemed in violation. Regardless of the account size, there is a uniform maximum loss threshold of 6%. This ensures that traders maintain risk management practices and prevent excessive losses from occurring over the course of their trading activities.

• The minimum trading days refer to the mandatory duration during which you must actively engage in trading before being eligible to complete a challenge phase or request a withdrawal. Specifically, you are required to trade for a minimum of 5 trading days throughout your challenge period. Additionally, in each monthly trading cycle, you must meet the minimum requirement of trading for at least 5 trading days. This ensures that traders actively participate in the market and maintain consistent trading activity throughout their evaluation and beyond.

Evaluation model accounts

The evaluation model account offered by FundedNext is designed to identify dedicated and skilled traders who demonstrate consistent performance during the two-phase evaluation period. Traders who exhibit discipline, talent, and reliability throughout this evaluation process are duly rewarded.

The evaluation program account provides traders with the opportunity to trade using a leverage of 1:100. This allows traders to effectively utilize their capital and maximize their trading potential during the evaluation phase.

During evaluation phase one at FundedNext, traders are required to achieve a profit target of 10% within a 30-calendar-day period, while adhering to the 5% maximum daily loss and 10% maximum loss rules. It is also necessary to engage in a minimum of five trading days in order to progress to phase two.

In evaluation phase two, traders must reach a profit target of 5% within a 60-calendar-day period, while staying within the 5% maximum daily loss and 10% maximum loss boundaries. Similarly, a minimum of five trading days is required to advance to a funded account.

Upon successful completion of both evaluation phases, traders are rewarded with a funded account, where profit targets are no longer applicable. The only requirements are to abide by the 5% maximum daily loss and 10% maximum loss rules. The initial profit split will be set at 80% based on the profits earned.

Additionally, a 15% profit share is granted based on the profit achieved in each evaluation phase, which is included in the first payout. Subsequently, payouts will be received on a bi-weekly basis.

Evaluation model account scaling plan

The evaluation model accounts at FundedNext incorporate a scaling plan. Traders are required to achieve a profit target of 10% or more within a four-month period, with the condition that at least two out of the four months must be profitable and the final month must end in profit. As a result, the trader's account balance will increase by 40% of the original account balance, providing an opportunity to scale the account up to $4,000,000. Furthermore, when scaling the account for the first time, the profit split will increase to 90%.

For instance:

After 4 months: If you have a $200,000 account, your account balance will increase to $280,000.

After the next 4 months: The balance of $280,000 will increase to $360,000.

After the subsequent 4 months: The balance of $360,000 will increase to $440,000.

And so on...

Trading instruments available for evaluation program accounts include forex pairs, commodities, and indices.

Evaluation model account rules

• A profit target is a predetermined percentage of profit that traders must achieve in order to fulfill certain requirements such as completing an evaluation phase, withdrawing profits, or scaling their account. In the evaluation program, Phase 1 has a profit target of 10%, while Phase 2 has a profit target of 5%. It's important to note that funded accounts do not have any specific profit targets.

• The maximum daily loss refers to the highest amount of loss that a trader can incur within a single day before the account is considered in violation. Regardless of the account size, all traders have a maximum daily loss limit of 5%.

• The maximum loss represents the upper limit of cumulative losses a trader can reach before their account is considered violated. For all account sizes, the maximum loss allowed is 10%.

• The minimum trading days refer to the mandatory duration during which a trader must engage in trading activities before being eligible to complete an evaluation phase or request a withdrawal. Both evaluation phases require a minimum trading commitment of 5 days.

• The maximum trading days represent the prescribed timeframe within which you need to achieve a particular profit target or withdrawal target. Phase 1 allows a maximum of 30 trading days, while phase 2 allows a maximum of 60 trading days for you to fulfill the requirements.

Consistency Express model accounts

Traders utilizing the FundedNext Consistency Express model account have the opportunity to fulfill the one-step evaluation requirements without any limitations on the maximum number of trading days, all while enjoying leverage of up to 1:100.

The Consistency Express model evaluation phase at FundedNext necessitates traders to achieve a profit target of 25% while adhering to the 5% maximum daily loss and 10% maximum loss rules.

There are no restrictions on the maximum number of trading days, allowing traders to take their preferred time. However, it is mandatory to trade for at least 10 trading days per month. Furthermore, traders must maintain consistency in their trading activities, ensuring a steady approach to profits until the profit target is reached.

Upon successfully completing the Consistency Express model evaluation phase, traders are granted a funded account with no profit targets. The only requirements are to abide by the 5% maximum daily loss and 10% maximum loss rules, as well as the consistency rule. Additionally, traders must trade for a minimum of 10 trading days in each monthly trading cycle. Initially, the profit split is set at 60% based on the profits generated. Moreover, traders receive a 15% profit share from the evaluation phase with their first payout. Subsequent withdrawals result in an increased profit split of 75%, and upon the second withdrawal, the final profit split of 90% is achieved.

Consistency Express model account scaling plan

Consistency Express model accounts at FundedNext also include a scaling plan. Traders are required to achieve a profit target of 10% or more within a four-month period, with two out of the four months being profitable and the final month ending in profit. As a reward, traders receive an account increase equal to 40% of their original account balance, providing the opportunity to elevate the account balance up to $4,000,000.

Here's an example to illustrate the scaling plan:

After 4 months: If you start with a $100,000 account, your account balance will increase to $140,000.

After the next 4 months: The balance of $140,000 will increase to $180,000.

After another 4 months: The balance of $180,000 will increase to $220,000.

And so on...

Trading instruments available for Consistency Express model accounts encompass forex pairs, commodities, and indices.

Consistency Express model account rules

• The profit target refers to a specific percentage of profit that traders must achieve before they can successfully complete an evaluation phase, withdraw profits, or scale their account. In the evaluation period, the profit target is set at 25%. However, it's worth noting that funded accounts do not have any specific profit targets to meet.

• The maximum daily loss is the highest amount of loss that traders can incur within a single day without violating their account terms. Regardless of the account size, all traders are subject to a maximum daily loss limit of 5%. This limit ensures that losses within a day remain within a predefined threshold.

• The maximum loss refers to the highest allowable cumulative loss that traders can reach before their account is considered violated. Irrespective of the account size, all traders are subject to a maximum loss limit of 10%. This limit ensures that traders maintain control over their overall losses and helps safeguard their accounts from excessive drawdowns.

• The minimum trading days represent the required duration during which traders must actively engage in trading before they can successfully complete an evaluation phase or make a withdrawal request. In the evaluation period, it is mandatory to trade for at least 10 trading days to fulfill this requirement. Additionally, for each subsequent monthly trading cycle, traders are obligated to trade for a minimum of 10 trading days. These guidelines ensure that traders actively participate in the market and demonstrate consistent trading activity throughout their evaluation and ongoing trading phases.

• The policy of "No weekend holding" prohibits traders from keeping open positions over the weekends.

• The rule of "No news trading" prohibits traders from engaging in trading activities during high-impact news releases. It entails a restriction on opening and closing trades 5 minutes before and after the news events, both during the evaluation period and when in a funded status.

• The consistency rule mandates traders to maintain uniformity in various aspects of their trading, such as position sizes, risk management, losses, gains, and more. It emphasizes the need for a consistent pattern in the account results, ensuring that significant variations are avoided.

Non-consistency Express model accounts

Traders utilizing the FundedNext Non-consistency Express model account can fulfill the evaluation requirements in a single step. This account type does not impose any limitations on the maximum number of trading days and allows for leverage of up to 1:100.

The Non-consistency Express model evaluation phase in the FundedNext program sets a profit target of 25% for traders, while ensuring they do not exceed the maximum daily loss of 5% or the maximum overall loss of 10%. There are no restrictions on the number of trading days, allowing traders to take as much time as needed. However, a minimum of 10 trading days per month is required.

Importantly, this account type does not enforce a consistency rule, granting traders the freedom to trade with minimal limitations, all aimed at achieving the profit target.

Upon successfully completing the Non-consistency Express model evaluation phase, traders are granted a funded account worth 25% of the original challenge amount. For example, if you pass the $100,000 Non-consistency Express model evaluation, you will receive a $25,000 funded account.

In this funded account, there are no profit targets to meet. The only requirements are to adhere to the 5% maximum daily loss and 10% maximum loss rules. Similar to the evaluation phase, the funded account does not impose a consistency rule. However, a minimum of 10 trading days per month is still necessary.

For the initial profit split, you will receive 60% of the profits made. Additionally, there is a 15% profit share based on the earnings from the evaluation phase, which will be included in your first payout. Following your first withdrawal, the profit split will increase to 75%, and after the second withdrawal, it will reach the final profit split of 90%.

Non-consistency Express model account scaling plan

The Non-consistency Express model accounts in the FundedNext program also come with a scaling plan. Traders are required to achieve a profit target of 10% or more within a four-month period, ensuring that two out of the four months are profitable and the last month ends in profit. As a result, the account balance will increase by 40% of the original account balance, with the potential to grow all the way up to $4,000,000.

For example, let's consider a scenario: After 4 months: If you start with a $25,000 account, your account balance will increase to $35,000. After the next 4 months: The balance of $35,000 will increase to $45,000. After another 4 months: The balance of $45,000 will increase to $55,000. And so on...

The trading instruments available for the Non-consistency Express model accounts include forex pairs, commodities, and indices.

Non-consistency Express model account rules

• The profit target refers to a predetermined percentage of profit that traders need to achieve in order to fulfill certain milestones such as completing an evaluation phase, withdrawing profits, or scaling their account. During the evaluation period, the profit target is set at 25%. Once traders advance to the funded account, there are no specific profit targets to meet.

• The maximum daily loss represents the highest amount of loss that a trader can incur within a single day before their account is considered in violation. Regardless of the account size, the maximum daily loss limit is set at 5%.

• The maximum loss refers to the highest amount of loss that a trader can reach in total before their account is considered in violation. For all account sizes, the maximum loss limit is set at 10%.

• The minimum trading days represent the required duration of trading before completing an evaluation phase or making a withdrawal. During the evaluation period, it is mandatory to engage in trading for a minimum of 10 trading days. Additionally, in each monthly trading cycle, a minimum of 10 trading days is also required.

• Before completing an evaluation phase or making a withdrawal, traders must adhere to the minimum trading days requirement. In the evaluation period, a minimum of 10 trading days is mandatory to actively participate in trading. Similarly, in each monthly trading cycle, traders are also expected to trade for a minimum of 10 days. These minimum trading days ensure an adequate level of engagement in the trading process.

What makes FundedNext different from other prop firms?

FundedNext stands out from other top prop firms by offering four distinct funding models: Two-step Stellar, One-step Stellar, Evaluation, and Express. What sets them apart further are their clear and flexible trading rules.

In comparison to other prop firms, FundedNext's two-step Stellar challenge model account follows a funding challenge structure, requiring traders to complete two phases before becoming eligible for payouts. The profit target for phase one is 8%, followed by 5% in phase two.

The account also adheres to a maximum daily loss of 5% and maximum overall loss of 10%. Notably, there are no specific requirements for maximum trading days. However, a minimum trading period of 5 calendar days is mandatory. Additionally, the two-step Stellar challenge model accounts include a scaling plan.

It's worth noting that FundedNext sets relatively lower profit targets and doesn't impose limitations on maximum trading days, distinguishing them from other leading prop firms in the industry.

A comparative example between Funded Next and Finotive Funding:

A comparative example between Funded Next and Alpha Capital Group:

In comparison to other prop firms, FundedNext offers the one-step Stellar challenge model account, which is a streamlined evaluation program that requires traders to complete a single phase to qualify for payouts. The profit target for this evaluation phase is 10%, accompanied by maximum daily and maximum loss rules of 3% and 6% respectively. Notably, there are no specific restrictions on maximum trading days. However, traders must engage in trading for a minimum of 5 calendar days. The one-step Stellar challenge model accounts also include a scaling plan. When compared to other leading prop firms in the industry, FundedNext's one-step Stellar challenge model accounts feature standard maximum loss rules and do not impose limitations on maximum trading days.

On the other hand, FundedNext's evaluation model follows a two-phase evaluation program where traders must successfully complete both phases to become eligible for payouts. In phase one, the profit target is 10%, followed by 5% in phase two. The maximum daily and maximum loss rules remain consistent at 5% and 10% respectively. Additionally, traders are required to engage in a minimum of 5 days of trading in each phase before transitioning to a funded account. Similar to the one-step Stellar challenge model, the evaluation programs also offer a scaling plan. Compared to other prominent prop firms, FundedNext's evaluation programs feature average profit targets and mandatory minimum trading day requirements.

Is getting Funded Next capital realistic?

When evaluating prop firms that align with your forex trading style, it is crucial to assess the feasibility of their trading requirements. While the prospect of a high percentage profit split on a well-funded account may sound appealing, it is essential to consider whether the firm expects unrealistically high monthly gains with minimal drawdowns, as this can significantly impact your chances of success.

The two-step Stellar challenge model accounts offer a realistic path to receive capital, primarily due to their below-average profit targets of 8% in phase one and 5% in phase two, coupled with average maximum loss rules of 5% for daily losses and 10% for overall losses.

Similarly, the one-step Stellar challenge model accounts present a realistic opportunity to secure capital, thanks to their average profit target of 10% and average maximum loss rules of 3% for daily losses and 6% for overall losses.

The evaluation model also offers a realistic avenue to obtain funding, mainly because of its industry-average profit targets of 10% in phase one and 5% in phase two, along with maximum loss rules of 5% for daily losses and 10% for overall losses.

Obtaining capital through the express model remains realistic, despite the profit target of 25% and maximum loss rules of 5% for daily losses and 10% for overall losses. This is primarily due to the absence of maximum trading day limitations, allowing traders to take their time to gradually accumulate profits and achieve their profit targets for funding. Additionally, traders can choose between Consistency and Non-consistency Express model accounts based on their trading preferences.

Considering these factors, FundedNext emerges as an excellent choice for obtaining funding, offering four distinct funding programs: Two-step Stellar, one-step Stellar, Evaluation, and Express. Each program features realistic trading objectives and conditions for receiving payouts, enabling traders to pursue funding in a manner that suits their trading style.

Payout proof

Which brokers do FundedNext use?

FundedNext has partnered with Eightcap, a Melbourne-based broker regulated by ASIC (Australian Securities and Investments Commission). Established in 2009, Eightcap operates with a clear objective of delivering outstanding financial services to its clients. With offices in five different locations worldwide and regulatory oversight in multiple jurisdictions, Eightcap enables clients from around the globe to participate in trading various markets, including FX, indices, commodities, and shares.

Trading instruments

Spreads

Traders’ Comments about FundedNext

Summary

To summarize, FundedNext stands out as a reliable and newer proprietary trading firm in the industry, providing traders with a variety of models to choose from: Two-step Stellar, one-step Stellar, Evaluation, and Express. Their trading rules are relatively straightforward and flexible.

The Two-step Stellar challenge model accounts involve completing two phases to become funded and eligible for profit splits. Traders need to achieve profit targets of 8% in phase one and 5% in phase two, while adhering to the 5% maximum daily and 10% maximum loss rules. These objectives are realistic, and successful traders can earn profit splits ranging from 80% to 90%, with the option to scale their accounts.

Similarly, the one-step Stellar challenge model accounts require completing a single phase to become funded and eligible for profit splits. Traders must reach a profit target of 10% while following the 3% maximum daily and 6% maximum loss rules. The profit splits range from 80% to 90%, and traders have the opportunity to scale their accounts.

Evaluation model accounts follow the industry-standard two-phase challenge, requiring completion of both phases to become funded and eligible for profit splits. Traders need to achieve profit targets of 10% in phase one and 5% in phase two, while observing the 5% maximum daily and 10% maximum loss rules. Profit splits of 80% to 90% are available, along with scaling possibilities.

Express model accounts present a one-step challenge, with traders completing a single phase to become funded and eligible for profit splits. A profit target of 25% is required, and traders must adhere to the 5% maximum daily and 10% maximum loss rules. Additionally, traders can choose between Consistency and Non-consistency Express model accounts, depending on their trading preferences. There are no specific maximum trading day limitations, and a minimum of 5 calendar days of trading is required. Profit splits ranging from 60% to 90% are offered, with scaling opportunities.

Overall, FundedNext is recommended for traders seeking a reputable prop firm with clear rules and achievable trading objectives. Despite being relatively new in the industry, they have established trust and offer favorable conditions for a wide range of traders with different strategies. FundedNext has become one of the leading proprietary trading firms in the industry today.