FundedNext Review

FundedNext is a trading company specializing in proprietary trading, with two and a half years of development under its belt before taking the plunge and going live. Working from four global locations, the firm offers various funding solutions to international traders.

FundedNext strives to enable traders to thrive in their careers. The company prioritizes disciplined and risk-managing individuals who focus on achieving consistency in the long term. With a staggering cap of $4,000,000, traders can obtain profit splits ranging from 60% to 90%, depending on the funding program they select. Opportunities to trade include forex pairs, commodities, and indices.

Who are FundedNext?

Incorporated on March 18, 2022, FundedNext aspires to create a congenial trading atmosphere for its traders. They offer four diverse funding models: Two-step Stellar, One-step Stellar, Evaluation, and Express. With offices in the UAE, USA, UK, and Bangladesh, traders can access capital up to $4,000,000 with up to 90% profit shares. Eightcap stands as their broker partner.

Their headquarters are situated in the United Arab Emirates at this address: AI Robotics HUB, C1 Building, AFZ, Ajman, UAE.

Who is FundedNext's CEO?

A renowned figure in the digital and retail trading world, Abdullah Jayed stands as a notable young entrepreneur. He initiated Jayed Corp in 2016, aiming to facilitate global employment and simplify daily life.

His entrepreneurial prowess has led to the founding of top market companies like Growth Alliance, MoneyBackFX, and eComChef. Moreover, he established FundedNext, a proprietary trading giant with a multimillion-dollar value, becoming an appealing choice within the industry.

A staunch believer in pursuing dreams, Jayed encourages traders to test and validate their strategies at FundedNext. Success in evaluation grants them access to significant capital and percentage-based profit rewards, recognizing their dedication and effort.

Stay connected with Abdullah Jayed on Instagram and LinkedIn to follow his daily activities and posts.

Funding Program Options

FundedNext furnishes traders with six different funding programs to select from:

• Two-step Stellar challenge model
• One-step Stellar challenge model
• Evaluation model
• Express model
• Consistency Express model
• Non-consistency Express model

Two-step Stellar Challenge Model Accounts

Focused on spotting and rewarding persistent, skilled traders, FundedNext's two-step Stellar challenge model account provides a two-stage challenge with a 1:100 leverage ratio.

Account Sizes and Prices for Two-Step Stellar Challenge Model

Challenge Phases

• Phase One: Attain 8% profit without exceeding 5% daily loss or 10% overall loss. No maximum trading days but a minimum of five is needed to proceed to phase two.
• Phase Two: Hit 5% profit without crossing 5% daily loss or 10% overall loss. No maximum trading days but a minimum of five is required for a funded account.

Funded Account

After completing the challenges, you receive a funded account without profit targets but with 5% daily loss and 10% overall loss rules. The first profit split is 80%, plus 15% from challenge phase profits after 5% return on your funded account. Bi-weekly payouts follow the first one.

Two-step Stellar Challenge Model Account Scaling Plan

Two-step Stellar challenge model accounts come with a scaling plan that necessitates achieving a profit target of 10% or more within a four-month span, ensuring profitability for at least two of those months with the final month ending in profit. This scheme provides a 40% increase in the original account balance, allowing the possibility to escalate the account balance up to $4,000,000.

Example:

• After 4 months: A $200,000 account increases to $280,000.
• After next 4 months: $280,000 grows to $360,000.
• After next 4 months: $360,000 augments to $440,000.
• And so on...

The trading instruments include forex pairs, commodities, and indices.

Two-step Stellar Challenge Model Account Rules

• Profit Target: Phase 1: 8%, Phase 2: 5%, Funded accounts: No profit targets.
• Maximum Daily Loss: 5% across all account sizes.
• Maximum Loss: 10% across all account sizes.
• Minimum Trading Days: Both phases require a minimum of 5 trading days.

One-step Stellar Challenge Model Accounts

FundedNext's one-step Stellar challenge model accounts enable traders to meet one-step challenge requirements with no maximum trading days and leverage up to 1:30.

The one-step Stellar challenge phase requires the trader to reach a 10% profit target without exceeding the 3% maximum daily or 6% maximum loss rules. There's a requirement to trade for at least 5 days per month. By completing this phase, traders are awarded a funded account with 80% profit split, and it can increase to 90% after scaling.

One-step Stellar Challenge Model Account Scaling Plan

The one-step Stellar challenge model account also follows a scaling plan, requiring traders to reach a profit target of 10% or more within a four-month period, and two of those months must be profitable with the last month ending in profit. A 40% increase in the original account balance is awarded, and the account balance can reach up to $4,000,000.

Example:

• After 4 months: A $25,000 account balance grows to $35,000.
• After next 4 months: $35,000 enhances to $45,000.
• After next 4 months: $45,000 augments to $55,000.
• And so on...

The trading instruments include forex pairs, commodities, and indices.

One-step Stellar Challenge Model Account Rules

• Profit Target: 10% for the challenge period, while funded accounts have no profit targets.
• Maximum Daily Loss: 3% across all account sizes.
• Maximum Loss: 6% across all account sizes.
• Minimum Trading Days: A minimum of 5 trading days during the challenge period, and also in each monthly trading cycle.

Both the Two-step and One-step Stellar challenge models at FundedNext are meticulously crafted to suit diverse trading styles. Their clear rules and scaling plans allow dedicated traders to progressively grow their accounts while adhering to risk management principles.

Evaluation Model Accounts

FundedNext's Evaluation Model Account focuses on recognizing talented traders through a two-phase evaluation process. The ultimate reward is a funded trading account for those who consistently excel. With a leverage of 1:100, this model provides traders with an opportunity to prove their capabilities.

Account Sizes and Prices for Evaluation Model Accounts

Evaluation Phases

Phase One: Within 30 calendar days, a trader must achieve a 10% profit target without exceeding 5% daily loss or 10% total loss. A minimum of five trading days is mandatory.

Phase Two: This phase requires a profit target of 5% without crossing the 5% daily loss or 10% total loss threshold, all within 60 calendar days. Again, a minimum of five trading days is essential.

Funded Account and Scaling Plan

Completion of both evaluation phases leads to a funded account with no profit targets, just adherence to 5% maximum daily loss and 10% maximum loss rules. A profit split of 80% is offered, with bi-weekly payouts after the first withdrawal.

The scaling plan includes a 40% increase in the original account balance up to $4,000,000 after achieving a 10% or higher profit over a four-month period. The profit split also increases to 90%.

Example:

• After 4 months with a $200,000 account: $280,000.
• After the next 4 months: $360,000.

And so on...

Trading Instruments

The Evaluation Model Account allows trading in forex pairs, commodities, and indices.

Rules

• Profit Target: 10% for Phase 1, 5% for Phase 2. Funded accounts have no targets.
• Maximum Daily Loss: 5% for all account sizes.
• Maximum Loss: 10% for all account sizes.
• Minimum Trading Days: 5 for both phases.
• Maximum Trading Days: 30 for Phase 1, 60 for Phase 2.

Consistency Express Model Accounts

FundedNext also offers the Consistency Express Model Account with 1:100 leverage and no maximum trading day requirements.

Account Sizes and Prices for Consistency Express Model Accounts

Evaluation Phase

A profit target of 25% must be reached without exceeding 5% daily or 10% total loss rules. A minimum of 10 trading days per month is required, with a 15% profit share awarded during the evaluation phase.

Funded Account and Scaling Plan

Upon completion, traders are awarded a funded account with profit splits starting at 60% and increasing up to 90% after two withdrawals. The scaling plan follows the same 40% increase in original account balance up to $4,000,000.

Example:

• After 4 months with a $100,000 account: $140,000.
• After the next 4 months: $180,000.
• And so on...

Trading Instruments

Forex pairs, commodities, and indices are available for trading.

Rules

• Profit Target: 25% for the evaluation period.
• Maximum Daily Loss: 5%.
• Maximum Loss: 10%.
• Minimum Trading Days: 10.
• No Weekend Holding: Open positions during weekends are not allowed.
• No News Trading: Trading is restricted 5 minutes before and after high-impact news releases.
• Consistency Rule: A rule promoting consistent trading habits.

Non-consistency Express Model Accounts

FundedNext introduces the Non-consistency Express model account, a unique trading option that gives traders the opportunity to meet a one-step evaluation criterion without any restrictions on trading days and with leverage up to 1:100.

Account Sizes and Prices:

Evaluation Phase:

The evaluation phase for the Non-consistency Express model calls for a trader to achieve a profit target of 25% without exceeding the limits of 5% maximum daily loss or 10% maximum loss rules. This phase doesn't confine traders to a maximum trading day limit, allowing them to take their time to reach their goals. Traders are, however, obliged to trade a minimum of 10 trading days each month. The absence of a consistency rule in this account provides a flexible trading environment, aiming solely at the profit target. A 15% profit share will be awarded on a 4-week trading cycle until the specified profit target is reached.

Funded Account:

Upon successfully completing the evaluation phase, traders will be rewarded with a funded account equal to 25% of the challenge amount. For example, passing a $100,000 evaluation results in receiving a $25,000 funded account. The funded phase doesn't have any profit targets, and traders are only required to adhere to the 5% maximum daily and 10% maximum loss rules. There's also a requirement to trade for at least 10 trading days each monthly cycle. The initial profit split is 60%, increasing to 75% after the first withdrawal, and ultimately reaching 90% after the second withdrawal.

Scaling Plan for Non-consistency Express Model Accounts:

The Non-consistency Express model also offers a scaling opportunity. A profit target of 10% or more must be achieved within four months, with two profitable months and the final month ending in profit. This will enable an account increase of 40% of the original balance, with the potential to grow the account up to $4,000,000.

Example:

• After 4 months: A $25,000 account balance will grow 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:

Non-consistency Express model accounts allow trading in forex pairs, commodities, and indices.

Account Rules for Non-consistency Express Model:

• Profit Target: 25% during evaluation; no target for funded accounts.
• Maximum Daily Loss: 5% across all account sizes.
• Maximum Loss: 10% across all account sizes.
• Minimum Trading Days: 10 trading days during evaluation and 10 trading days in each monthly cycle.
• No News Trading: Trading during high-impact news releases is prohibited. Restrictions apply 5 minutes before and after the news during both the evaluation period and funded status.

What Makes FundedNext Different?

FundedNext distinguishes itself from other top-tier proprietary trading firms by offering four unique funding models: Two-step Stellar, One-step Stellar, Evaluation, and Express. The trading rules are also relatively lenient and straightforward, giving traders more flexibility.

Two-step Stellar Challenge Model Account

Compared to its industry peers, FundedNext's Two-step Stellar Challenge Model Account offers a two-phase challenge for traders seeking funding. The profit targets and other trading conditions are more accommodating compared to other firms:

Evaluation Model Account

The Evaluation Model Account from FundedNext is another two-phase program. The average profit targets and minimum trading day prerequisites are in line with the industry norms:

Express Model Account

Express Model Accounts at FundedNext stand out for their one-phase evaluation with specific rules and potentially up to $4,000,000 capital. They offer two versions: Consistency and Non-consistency.

FundedNext's offering of four distinct funding programs sets it apart from the competition. The relatively relaxed and uncomplicated trading rules cater to various trading styles, making it an attractive choice for many traders.

Is Getting Capital from FundedNext Realistic?

When assessing prop firms, it is crucial to balance trading requirements with potential benefits. Here's a breakdown of the realism in FundedNext's offerings:

• Two-step Stellar Challenge Model: Realistic due to below-average profit targets and standard loss rules.
• One-step Stellar Challenge Model: Realistic, with an average profit target of 10% and typical loss rules.
• Evaluation Model: Realistic, aligned with industry standards for profit targets and loss rules.
• Express Model: Realistic, despite a high profit target of 25%. There are no restrictions on maximum trading days, allowing gradual profit accumulation.

Overall, FundedNext emerges as an excellent choice for funding, offering traders four different funding programs with realistic trading objectives and payout conditions.

Payment Evidence for FundedNext

FundedNext marked its inception on March 18, 2022, and since then, it has flourished. With over a year in business, it's rapidly emerging as one of the most promising and quickest expanding proprietary trading firms in the financial sphere.

Further evidence of payouts can typically be seen on their Instagram account posts. Additionally, their Discord server hosts an extensive collection of payment proofs under channels like payout-proof and 5-digit payouts general chats. If you browse their Telegram channel's pinned posts, you'll come across examples similar to the ones below.

FundedNext's Broker Partnerships

FundedNext collaborates with Eightcap, an ASIC-regulated broker based in Melbourne, Australia. Established in 2009, Eightcap has been committed to delivering outstanding financial services to clients worldwide. With five international offices and regulations in various locations, they enable clients to trade across multiple markets including FX, indices, commodities, and shares.

Eightcap has been rated as a moderate-risk broker with a Trust Score of 73 out of 99. Here's an overview of their features:

• Forex Trading
• CFD Trading
• Cryptocurrency Trading
• Social Trading/Copy-Trading
• A selection of 326 Tradeable Symbols
• A collection of 45 Forex Pairs

Clients can opt for one of two account types: Raw or Standard. Commissions and fees are contingent on the chosen type, with Standard account fees incorporated into spreads and Raw account fees into commissions. It's also essential to note the overnight fee, applicable as interest for maintaining an open position beyond the closing hours of trading.

As a dedicated MetaTrader broker, Eightcap provides both the MetaTrader 4 and the newer MetaTrader 5 platforms developed by MetaQuotes Software Corporation.

They strive to offer a tailored trading experience and construct an ultra-efficient trading infrastructure. This dedication was recognized when they were honored as the Best Global Forex MT4 Broker in 2020 at the Global Forex Awards.

Finally, it's worth mentioning that FundedNext also operates its exclusive mainline server on MT5, known as the "GrowthNext Server." For trading platforms, traders have the flexibility to use either MetaTrader 4 or MetaTrader 5.

Trading Instruments

FundedNext allows traders to trade with the following instruments:

• Forex Pairs
• Commodities
• Indices with a leverage of 1:100

Trading fees

Trading commission:

Spread:

To see the live spreads, you can use these credentials below to login to the trading account:

[Option 1]

Platform: MetaTrader 4

Server: Incenteco-Live

Login Number: 123456

Password: FN2022

‍Download Platform: Click here

[Option 2]

Platform: MetaTrader 5

Server: Growthnext-Server

Login Number: 123456

Password: FN2022

‍Download Platform: Click here

Learning Resources & Assistance for Traders

FundedNext offers traders a comprehensive educational tool, "Prop Trader Secrets," in the form of a downloadable PDF e-book, accessible upon free dashboard registration. Additionally, the company hosts free weekly trading psychology sessions on Twitter Space.

Furthermore, a dedicated thread on Forex Factory invites discussions about FundedNext, elaborating on the company's characteristics and what it provides to its users.

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FundedNext also furnishes traders with a streamlined dashboard, making risk management and statistical objectives more convenient for all its clients.

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Feedback from Traders Regarding FundedNext

There's no shortage of positive reviews about FundedNext within its community.

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With a Trustpilot rating of 4.7/5 from 6,226 reviewers, FundedNext has quickly amassed a substantial community following since its inception on March 18, 2022.

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Many appreciate the promptness of its customer support team, and the intuitive design of its dashboard, which facilitates continuous tracking of trading activities.

Online Presence

FundedNext's digital footprint extends across various social media platforms, including:

• Facebook with 54k followers
• Twitter with 34k followers
• Instagram with 30k followers
• YouTube channel with 26k subscribers and 154 videos
• A Telegram channel with 12k members
• A Discord channel with 45k members

Customer Assistance

FundedNext's FAQ page offers comprehensive answers to commonly asked questions.

You can reach out to their support team on social media, or directly through email at support@fundednext.com.

Additionally, FundedNext offers live chat support 24/7, and queries can also be submitted via their website by clicking here.

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Final Thoughts

FundedNext stands out as a reliable and emerging proprietary trading firm in the industry, featuring several trading models such as Two-step Stellar, One-step Stellar, Evaluation, and Express. Its trading rules are considered relatively relaxed and transparent.

• Two-step Stellar challenge model accounts necessitate two phases to become funded, with profit targets of 8% and 5% in the two respective phases, with achievable trading goals and 80% to 90% profit splits.
• One-step Stellar challenge model accounts require only one phase to get funded with a 10% profit target, along with reasonable loss rules, leading to 80% to 90% profit splits.
• Evaluation model accounts follow the industry standard with two phases, 10% and 5% profit targets, and the possibility of earning 80% to 90% profit splits.
• Express model accounts offer a one-step challenge with a 25% profit target, along with the choice between Consistency and Non-consistency models. Profits can be earned slowly, with 60% to 90% profit splits.

FundedNext comes highly recommended for those seeking an upright prop firm with clear rules and trading objectives. As a newcomer, it has demonstrated trustworthiness and provides favorable conditions for various traders. It has undoubtedly established itself as a leader among proprietary trading firms at present.

This analysis of FundedNext was last refreshed on 03.08.2023 at 10:09 (CE(S)T).

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