| Year Established | 2022 |
| Headquarters | Dubai, United Arab Emirates |
| CEO | Abdullah Jayed |
| Mission | To financially empower traders and help them achieve full-time earnings and scale their trading careers. |
| Funding Models/Programs | Two-step Stellar Challenge, Stellar Lite Challenge, Evaluation Model, One-step Stellar Challenge, Consistency Express Model, Non-Consistency Express Model |
| Account Sizes | $6,000 to $200,000 |
| Profit Splits | 60% to 95% |
| Leverage | Up to 1:100 |
| Trading Instruments | Forex Pairs, Commodities, Indices, Cryptocurrencies |
| Trading Fees | Spreads: Super raw spreads; Commissions: $3 per lot for Forex and commodities, no commission on indices and cryptocurrencies; Swap-free accounts available |
| Payout Frequency | Bi-weekly, with some programs offering monthly or weekly payouts |
| Payment Methods | AstroPay, PayPal, Bank Transfer, BTC, ETH, LTC, DOGE, SOL, USDC (ERC20), Perfect Money, BUSD, USDT (TRC20), USDT (ERC20) |
| Restricted Countries | Check FundedNext website for specific restrictions |
| Support Channels | Email, Live Chat, Phone, Telegram, Discord, Multi-language support |
| Educational Resources | Webinars, Articles, Mentorship Programs |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| Account Currencies | USD |
| Brokers | FundedNext proprietary servers |
| Rules | Maximum daily loss: 3% to 5%; Maximum overall loss: 6% to 10%; Minimum trading days: 5 to 10 depending on the program |
| Deposit and Withdrawal Methods | AstroPay, PayPal, Bank Transfer, BTC, ETH, LTC, DOGE, SOL, USDC (ERC20), Perfect Money, BUSD, USDT (TRC20), USDT (ERC20) |
| Pros | High profit splits, flexible evaluation periods, diverse account sizes, wide range of payment methods, free retakes, news trading and weekend holding allowed |
| Cons | Strict drawdown limits, consistency requirements in some programs, minimum trading days, high evaluation fees, limited account sizes for Non-Consistency Express Model |
Introduction
FundedNext is a proprietary trading firm that provides traders with the opportunity to choose between six account types, three two-step evaluations, and three one-step evaluations.
FundedNext develops its own FundedNext Server as its broker, ensuring optimal trading conditions. Traders can trade on platforms such as MetaTrader 4, MetaTrader 5, and cTrader.
In this review, we’ll get into the company’s background, examine the various funding programs they offer, and explore the trading conditions and requirements. We’ll also cover profit splits and payout processes, weigh the pros and cons, analyze broker partnerships and the trading environment, and review the support and resources available to traders. Furthermore, we’ll highlight user experiences and testimonials, provide expert opinion, and conclude with final thoughts and recommendations.
FundedNext Company Overview
FundedNext, legally known as GrowthNext F.Z.C, was incorporated on March 18, 2022, and is headquartered in Dubai, UAE. The firm is managed by CEO Abdullah Jayed, a globally recognized entrepreneur in the digital and retail trading sectors. Abdullah Jayed founded FundedNext with the vision of empowering promising traders worldwide by providing substantial funding and resources to enhance their trading performance.
The mission of FundedNext is in their slogan, “Our Platform, Your Success,” promoting the success of traders who demonstrate discipline, effective risk management, and a commitment to long-term consistency. Traders have the opportunity to manage account sizes up to $200,000 and receive up to 95% profit splits through trading various financial instruments, including forex pairs, commodities, indices, and cryptocurrencies.
Key Highlights
- Headquarters: Dubai, United Arab Emirates
- Year Established: 2022
- Mission: To promote the success of traders who demonstrate discipline, effective risk management, and long-term consistency, encapsulated in the slogan “Our Platform, Your Success.”
- Vision: To empower promising traders worldwide by providing substantial funding and resources to enhance their trading performance.
In the next sections, we will go into the specific services and opportunities provided by FundedNext.
FundedNext Funding Programs
FundedNext offers three main models with a total of six evaluation programs for traders:
Evaluation Model (Two-Step)
Stellar Challenge:
- Profit Targets: 8% for Phase 1, 5% for Phase 2.
- Drawdown Limits: 5% daily, 10% overall.
- Leverage: 1:100.
- Profit Split: 80% to 95%.
Stellar Lite:
- Profit Targets: 8% for Phase 1, 4% for Phase 2.
- Drawdown Limits: 4% daily, 8% overall.
- Leverage: 1:100.
- Profit Split: 80% to 95%.
Express Model (One-Step)
Consistency:
- Profit Target: 25%.
- Drawdown Limits: 5% daily, 10% overall.
- Leverage: 1:100.
- Profit Split: 60% to 95%.
Non-Consistency:
- Profit Target: 25%.
- Drawdown Limits: 5% daily, 10% overall.
- Leverage: 1:100.
- Profit Split: 60% to 95%.
Stellar Lite Program (Two-Step)
Static Evaluation:
- Profit Target: 12%.
- Drawdown Limits: 3% daily, 6% overall.
- Leverage: 1:30 (1:50 with XP Milestone).
- Profit Split: 70% to 95%.
Trailing Evaluation:
- Profit Target: 12%.
- Drawdown Limits: 3% daily, 12% trailing overall.
- Leverage: 1:30 (1:50 with XP Milestone).
- Profit Split: 70% to 95%.
Two-Step Stellar Challenge at FundedNext
The Two-Step Stellar Challenge is designed to identify and support skilled traders, offering account sizes from $6,000 to $200,000 with leverage up to 1:100. This program is ideal for traders who can demonstrate consistent profitability and effective risk management over an extended period.
This program is best suited for traders who are patient, disciplined, and capable of maintaining profitability without time pressure. It is also ideal for those who prefer flexibility in trading strategies, such as news trading and holding positions over weekends.
Step 1:
- Profit Target: 8%.
- Maximum Daily Loss: 5%.
- Maximum Loss: 10%.
- Minimum Trading Days: 5.
- Trading Period: Unlimited.
Step 2:
- Profit Target: 5%.
- Maximum Daily Loss: 5%.
- Maximum Loss: 10%.
- Minimum Trading Days: 5.
- Trading Period: Unlimited.
Features:
- Profit Split: Starts at 80%, up to 90%.
- Scaling Plan: Account size increases by 40% every four months if the trader is consistently profitable.
- First Payout: 14 days after the first position on the funded account.
- Free Retakes: Available if the trader is profitable but hasn’t met targets.
One-step Stellar Challenge at FundedNext
The One-Step Stellar Challenge is designed for traders who prefer a straightforward evaluation process with no multi-phase requirements. This program aims to identify skilled traders who can quickly demonstrate their profitability.
This program is ideal for traders who want to quickly prove their trading capabilities and prefer a single-phase evaluation with flexible trading conditions.
Program Details:
- Profit Target: 10%.
- Maximum Daily Loss: 3%.
- Maximum Loss: 6%.
- Minimum Trading Days: 2 calendar days.
- Trading Period: Unlimited.
Features:
- Account Sizes: $5,000 to $200,000.
- Profit Split: Starts at 80%, up to 95%.
- Free Retakes: If rules are followed and the account is profitable.
- No Time Limit: Traders can take as long as needed to meet the profit target.
- Scaling Plan: Increase account size by 40% every four months if profitable.
Stellar Lite at FundedNext
The Stellar Lite program is designed for new and upcoming traders, offering an affordable entry point into funded trading. This two-step evaluation program focuses on identifying traders who can manage risk effectively while achieving consistent profits.
This program is best suited for traders who are just starting and need a cost-effective way to prove their skills while enjoying flexible trading conditions and high profit potential.
Step 1:
- Profit Target: 8%.
- Maximum Daily Loss: 4%.
- Maximum Loss: 8%.
- Minimum Trading Days: 5.
- Trading Period: Unlimited.
Step 2:
- Profit Target: 4%.
- Maximum Daily Loss: 4%.
- Maximum Loss: 8%.
- Minimum Trading Days: 5.
- Trading Period: Unlimited.
Features:
- Account Sizes: $5,000 to $50,000.
- Profit Split: Starts at 80%, up to 95%.
- Free Retakes: If rules are followed and the account is profitable.
- News Trading and Weekend Holding: Allowed.
- Scaling Plan: Increase account size by 40% every four months if profitable.
Evaluation Model at FundedNext
FundedNext’s Evaluation Model offers traders the opportunity to manage accounts ranging from $6,000 to $200,000, aiming to identify those who can profitably and efficiently manage risk through a two-step evaluation process.
This model is suited for traders who can achieve high targets within specific time frames while maintaining disciplined risk management.
Step 1:
- Profit Target: 10%.
- Maximum Daily Loss: 5%.
- Maximum Loss: 10%.
- Minimum Trading Days: 5.
- Trading Period: 4 weeks.
Step 2:
- Profit Target: 5%.
- Maximum Daily Loss: 5%.
- Maximum Loss: 10%.
- Minimum Trading Days: 5.
- Trading Period: 8 weeks.
Features:
- Leverage: 1:100.
- Profit Split: Starts at 80%, up to 90%.
- First Payout: 14 days after the first position on the funded account, with bi-weekly withdrawals.
- Additional Profit Share: 15% on profits made during each evaluation phase once a 5% return on the funded account is achieved.
Express Model (Consistency) at FundedNext
The Express Model Consistency is designed for disciplined traders, offering account sizes from $6,000 to $200,000. This one-step evaluation aims to identify traders who can consistently manage risk and achieve profitability.
This model is ideal for traders who can maintain consistent performance and manage risk effectively over a prolonged period.
Evaluation Phase:
- Profit Target: 25%.
- Maximum Daily Loss: 5%.
- Maximum Loss: 10%.
- Minimum Trading Days: 10.
- Trading Period: Unlimited.
- Leverage: 1:100.
Features:
- Consistency Rule: Traders must demonstrate consistent profits.
- Profit Share During Evaluation: 15% of profits every 4 weeks.
- Profit Split: Starts at 60%, increasing to 75% on the second withdrawal, and 90% on the third and subsequent withdrawals.
- Funded Account: No minimum withdrawal requirements, with mandatory adherence to the consistency rule and a minimum of 10 trading days per month.
Add-ons:
- 95% Lifetime Profit Split.
- 150% Refund of the Challenge Fee.
Express Model (Non-Consistency) at FundedNext
FundedNext’s Non-Consistency Express Model is designed to identify disciplined traders, offering account sizes from $6,000 to $100,000. This one-step evaluation focuses on profitability without the need for consistent daily results.
This model is ideal for traders who can achieve high profitability without the need for consistent daily performance.
Evaluation Phase:
- Profit Target: 25%.
- Maximum Daily Loss: 5%.
- Maximum Loss: 10%.
- Minimum Trading Days: 10.
- Trading Period: Unlimited.
- Leverage: 1:100.
Features:
- Profit Share During Evaluation: 15% of profits every 4 weeks.
- Profit Split: Starts at 60%, increases to 75% on the second withdrawal, and 90% on the third and subsequent withdrawals.
- Funded Account: No minimum withdrawal requirements, with a minimum of 10 trading days per month.
Add-ons:
- 95% Lifetime Profit Split.
- 150% Refund of the Challenge Fee.
Trading Conditions and Requirements at FundedNext
Leverage
All programs at FundedNext offer leverage of up to 1:100, allowing traders to maximize their positions and potential returns.
Trading Instruments
Traders can access a variety of instruments, including:
- Forex Pairs
- Commodities
- Indices
- Cryptocurrencies
Specific Rules
- Stop-Loss Requirements: Adherence to maximum daily loss and overall loss limits.
- Maximum Daily Loss: 3% to 5% depending on the program.
- Maximum Overall Loss: 6% to 10% depending on the program.
- Minimum Trading Days:
- Two-Step Programs: Minimum of 5 trading days per phase.
- One-Step Programs: Minimum of 10 trading days.
Trading Days
Two-Step Programs (Stellar Challenge and Evaluation Model):
- Phase 1: Unlimited trading period with a minimum of 5 trading days.
- Phase 2: Unlimited trading period with a minimum of 5 trading days.
One-Step Programs (Consistency and Non-Consistency Express Models):
- Evaluation Phase: Unlimited trading period with a minimum of 10 trading days.
Program-Specific Rules
Stellar Challenge:
- Leverage: 1:100
- Rules: Maximum daily loss of 5%, overall loss of 10%.
- Trading Days: Minimum 5 days per phase, unlimited total period.
Stellar Lite:
- Leverage: 1:100
- Rules: Maximum daily loss of 4%, overall loss of 8%.
- Trading Days: Minimum 5 days per phase, unlimited total period.
Evaluation Model:
- Leverage: 1:100
- Rules: Phase 1 – 10% profit target, Phase 2 – 5% profit target; maximum daily loss of 5%, overall loss of 10%.
- Trading Days: Phase 1 – 4 weeks, Phase 2 – 8 weeks; minimum 5 days per phase.
One-Step Stellar Challenge:
- Leverage: 1:100
- Rules: Maximum daily loss of 3%, overall loss of 6%.
- Trading Days: Minimum 2 days, unlimited total period.
Consistency Express Model:
- Leverage: 1:100
- Rules: 25% profit target; maximum daily loss of 5%, overall loss of 10%.
- Trading Days: Minimum 10 days, unlimited total period.
Non-Consistency Express Model:
- Leverage: 1:100
- Rules: 25% profit target; maximum daily loss of 5%, overall loss of 10%.
- Trading Days: Minimum 10 days, unlimited total period.
Profit Splits and Payment Methods at FundedNext
FundedNext offers competitive profit splits and multiple payment methods, providing flexibility and substantial earnings potential for traders.
Profit Splits
Two-Step Programs (Stellar Challenge, Stellar Lite, and Evaluation Model):
- Initial Profit Split: Starts at 80%.
- Increased Profit Split: Up to 90% as traders demonstrate consistent performance.
- Additional Profit Share: 15% profit share during the evaluation phases once a 5% return on the funded account is achieved.
One-Step Programs (Consistency and Non-Consistency Express Models, One-Step Stellar Challenge):
- Initial Profit Split: Starts at 60%.
- Second Withdrawal: Increases to 75%.
- Third Withdrawal and Onward: Final profit split increases to 90%.
- Additional Profit Share: 15% during the evaluation phase for both Consistency and Non-Consistency Express Models.
Payment Methods
FundedNext prioritizes convenience by offering a wide range of payment methods. While card payments are preferred, FundedNext accepts payments through various other methods to cater to different client preferences:
- AstroPay
- PayPal
- Bank Transfer
- Cryptocurrencies: BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin), DOGE (Dogecoin), SOL (Solana), USDC (ERC20), BUSD, USDT (TRC20), USDT (ERC20)
Payout Schedule
- First Payout: 14 calendar days after placing the first position on a funded account.
- Subsequent Payouts: Bi-weekly (every 14 days) for all programs, except the Stellar Lite Challenge, which allows monthly withdrawals.
Add-ons for Enhanced Profit Splits
- 95% Lifetime Profit Split: Available as an add-on for traders who meet specific criteria.
- 150% Refund: Refund of the challenge fee as an add-on for eligible traders.
FundedNext’s profit split structure and flexible payment methods are designed to reward traders’ success and ensure they have access to their earnings promptly.
Pros and Cons of FundedNext
Pros
- High Profit Splits: FundedNext offers profit splits starting at 60% and reaching up to 95%, ensuring traders can earn a significant share of their profits.
- Flexible Rules: The evaluation programs have unlimited trading periods, allowing traders to achieve their targets without time pressure.
- Diverse Account Sizes: Traders can choose from account sizes ranging from $6,000 to $200,000, accommodating different levels of capital needs.
- Wide Range of Payment Methods: Payments can be made via AstroPay, PayPal, bank transfers, and various cryptocurrencies (BTC, ETH, LTC, DOGE, SOL, USDC, BUSD, USDT), providing flexibility and convenience.
- Free Retakes: Unlimited free retakes are offered if traders follow the rules and remain profitable, reducing the risk and cost of initial failures.
- Additional Profit Share: During the evaluation phase, traders can earn a 15% profit share, rewarding them even before they complete the evaluation.
- News Trading and Weekend Holding: Traders are allowed to trade news events and hold positions over the weekend, supporting different trading strategies.
- Scaling Plan: Consistently profitable traders can increase their account size by 40% every four months, enhancing growth potential.
Cons
- Strict Drawdown Limits: The maximum daily loss (3% to 5%) and overall loss limits (6% to 10%) can be challenging for some traders to adhere to.
- Consistency Requirements: Certain programs require adherence to consistency rules, which may not suit traders with variable performance.
- Minimum Trading Days: A minimum number of trading days (5 to 10) is required in each evaluation phase, which may not align with all traders’ schedules.
- Evaluation Fees: The initial fees for evaluations can be high, particularly for larger account sizes, potentially creating a barrier to entry.
- Limited Account Sizes for Non-Consistency Program: The Non-Consistency Express Model only offers account sizes up to $100,000, which might be restrictive for some traders.
FundedNext offers significant benefits for disciplined and consistent traders, although the strict rules and initial costs may pose challenges for some.
Broker Partnerships and Trading Environment at FundedNext
Brokers Used:
- FundedNext utilizes its own proprietary servers, providing a customized trading environment for its users.
Trading Platforms:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- cTrader
Trading Fees:
- Spreads: Super raw spreads, varying by instrument.
- Commissions:
- No commission fees on indices and cryptocurrencies.
- $3 per lot for Forex and commodities.
- Swaps: Swap-free accounts are available.
FundedNext provides trading environment with top-tier platforms like MT4, MT5, and cTrader, combined with low trading costs and customizable trading conditions. This makes it an excellent choice for both newbies and experienced traders looking for flexibility and cost efficiency.
Support and Resources for Traders at FundedNext
FundedNext’s comprehensive support system, including educational resources and psychological assistance, is designed to enhance traders’ performance and overall experience. This makes FundedNext an excellent choice for traders at all levels looking for a supportive trading environment.
Available Support Channels:
- Email: Prompt responses to queries and issues.
- Live Chat: Real-time assistance for immediate concerns.
- Phone: Direct support for complex issues.
- Telegram and Discord: Community and support channels for real-time discussions and assistance.
- Multi-Language Support: Assistance available in multiple languages to cater to a global audience.
Educational Resources:
- Webinars: Regular sessions on trading strategies and market analysis.
- Articles: In-depth content on various trading topics.
- Mentorship Programs: Guidance from experienced traders to help improve skills.
Professional Trader Dashboard: A user-friendly interface to monitor trading performance and account metrics.
Access to Trading Psychologists: Support for mental and emotional well-being.
User Experiences and Testimonials for FundedNext
Funded Next, has an Excelent reputation among traders, reflected in its Trustpilot rating of 4.5 out of 5 stars based on over 15,000 reviews.
Here’s a summary of the feedback from users:
Positive Feedback
Customer Support: Many users praise Funded Next for its responsive and helpful customer support team. The availability of dedicated account managers and 24/7 support enhances the trading experience, making it easier for traders to resolve issues quickly and efficiently.
Trading Conditions: Traders appreciate the favorable trading conditions provided by Funded Next, including leverage of up to 1:100 and a wide range of tradable instruments such as forex, commodities, and indices. The flexibility to use different trading strategies, including the use of Expert Advisors (EAs), is also highly valued.
Profit Sharing and Scaling: The profit-sharing model, starting at 80% and potentially increasing to 90%, is seen as highly attractive. Additionally, the scaling plan that allows traders to grow their accounts up to $4,000,000 based on consistent performance is a significant draw for many users.
Evaluation Process: Funded Next’s evaluation process, which includes both the Evaluation and Express Models, is generally viewed as fair and transparent. The ability to retake evaluations for free if certain conditions are met and the realistic profit targets are appreciated by traders.
Negative Feedback
High Profit Targets: Some users find the profit targets in the evaluation phases, particularly in the Express Model (which requires a 25% profit), to be quite steep and challenging to achieve within the specified timeframes.
Trading Restrictions: Certain trading restrictions, such as prohibitions on news trading around high-impact events and limitations on holding trades over weekends, have been cited as limitations by some traders who prefer more freedom in their trading activities.
Initial Delays: A few users have reported delays in receiving their funded accounts after completing the verification process, which can be frustrating for those eager to start trading with real funds.
From an expert trader’s viewpoint, Funded Next stands out for its robust usability and comprehensive support system, making it accessible to both novice and experienced traders. The educational resources and tools, while not rated as highly as other aspects, offer valuable insights and strategies to enhance trading performance. Despite minor drawbacks, such as high-profit targets and specific trading restrictions, the overall efficiency and support provided by Funded Next significantly contribute to a positive trading experience.
Funded Next Trading Dashboard
FundedNext’s trading dashboard offers an intuitive and user-friendly interface designed to enhance the trading experience. Key features include seamless integration with TradingView for advanced charting and analysis, real-time performance tracking, and detailed account growth metrics.
Traders can manage their accounts efficiently with access to balance-based drawdowns, leverage of up to 1:100, and the ability to trade on platforms such as MetaTrader 4, MetaTrader 5, and cTrader. The dashboard also provides tools for news trading, competitions, and instant account creation, ensuring a comprehensive and dynamic trading environment.
Expert Opinion on FundedNext
FundedNext stands out as a top-tier proprietary trading firm, offering six diverse funding programs tailored to various trading styles: Two-step Stellar Challenge, Stellar Lite Challenge, Evaluation Model, One-step Stellar Challenge, Consistency Express Model, and Non-Consistency Express Model.
Each program features high profit splits (up to 95%) and realistic profit targets, with flexible trading day requirements, allowing traders to achieve their goals without undue pressure. The firm’s exceptional support system, including educational resources and access to trading psychologists, further enhances trader performance.
FundedNext’s excellent trading conditions, bi-weekly withdrawals, and scaling plans make it an ideal choice for traders worldwide. With unique features like add-ons for specific challenges and a 15% profit share from demo phases, FundedNext is undoubtedly a leading prop firm in the industry.
