Liquidity Provider / Own Broker

FundedNext

FundedNext offers traders the ability to trade up to $300,000 and earn up to 95% of the profits. 

Unique aspects include a 15% profit share during the Challenge Phase, no time limits for challenges, and a balance-based drawdown feature. 

FundedNext supports MT4, MT5, and cTrader platforms and allows news trading. 

Additional features include monthly competitions, a swap-free account, account reset and top-up options, and a free trial account. 

The firm guarantees payouts within 24 hours and offers 24/7 customer support. 

**Four main plans are available:** Stellar, Evaluation, Express, and Stellar Lite, each with different account sizes and features.

## About FundedNext Prop Firm

### **Legal Company name**

FundedNext

### **Company address**

- **UAE:** Executive Office No. 7, AI Robotics Hub, C1 Building, AFZ, Ajman
- **Comoros Union:** Bonovo Road, Fomboni, Island of Moheli
- **Cyprus:** Pittalou 26, Laiki Leukothea, 3118, Agia Flakseos, Limassol
- **Hong Kong:** 8/F., China Hong Kong Tower, 8-12 Hennessy Road, Wan Chai

### **Year of establishment**

March 2022

### **Place of company registration**

- Ajman, UAE
- Comoros Union
- Cyprus
- Hong Kong

### **Owned by:**

GrowthNext F.Z.C.

### **CEO**

Abdullah Jayed

## **Trading platforms offered:**

MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader

## **Trading instruments available**

Forex Currencies, Indices, Commodities

## **Payment methods available**

AstroPay, PayPal, Bank Transfer, BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin), DOGE (Dogecoin), SOL (Solana), USDC (ERC20), Perfect Money, BUSD, USDT (TRC20), USDT (ERC20)

## **Range of account sizes offered:**

$5,000 to $300,000

## **4 main plans for traders:**

- **Stellar:**
    - Most popular package
    - 1-step and 2-step options
    - Account sizes: $6,000 to $200,000
    - Up to 95% profit split
    - 15% profit share in Challenge Phase
    - No time limit
    - News trading allowed
    - Up to 150% Challenge Phase fee reward on 1st withdrawal
    - Withdrawal every 5 days
- **Evaluation:**
    - Offers free retakes
    - Account sizes: $6,000 to $200,000
    - Up to 95% profit split
    - 15% profit share in Challenge Phase
    - Up to 10% maximum loss limit
    - News trading allowed
    - Up to 150% Challenge Phase fee reward on 1st withdrawal
    - Withdrawal every 14 days
- **Express:**
    - Offers profit shares without needing 5% growth
    - Account sizes: $6,000 to $200,000, with and without consistency option
    - Up to 95% profit split
    - 15% profit share in Challenge Phase
    - Up to 10% maximum loss limit
    - News trading not allowed
    - Up to 150% Challenge Phase fee reward on 1st withdrawal
- **Stellar Lite:**
    - Most affordable package
    - Account sizes: $5,000 to $50,000
    - Up to 95% profit split
    - Super affordable
    - Up to 10% maximum loss limit
    - News trading allowed
    - Lowest profit target
    - Withdrawal every 14 days

## **Profit split structure:**

Up to 95% profit share, with a 15% profit share in the Challenge Phase

## **Profit targets for each challenge phase:**

- Phase 01: 10% profit target within 4 trading weeks
- Phase 02: 5% profit target within 8 trading weeks

## **Maximum daily and total loss limits:**

- 5% Daily Drawdown
- 10% Overall Drawdown

## **Minimum and maximum trading day requirements:**

- Evaluation, Stellar Lite, and Stellar 2-Step Challenges: Minimum of 5 trading days
- Stellar 1-Step Challenge: Minimum of 2 trading days
- Express account: Minimum of 10 trading days

## **Overview of challenges and general rules**

Traders have no time limits for challenges, balance-based drawdown, and can hold trades overnight without paying or receiving interest with a swap-free account. 

FundedNext provides unlimited free retakes, a 14-day extension if needed, and bi-weekly rewards.

## **Challenge steps**

- Phase 01: Achieve a 10% profit target within 4 trading weeks
- Phase 02: Achieve a 5% profit target within 8 trading weeks

## **Pricing/costs to start challenges**

Entry costs range from $50 to $1000

## **Fees & commissions**

- Forex: $3/lot
- Commodities: $3/lot
- Indices: $0/lot
- Crypto: $0/lot
- Stellar Lite account: Forex: $7/lot, Commodities: $7/lot, Indices and Crypto: $0/lot

## **Refundable fees details**

Initial fees are refundable

## **Payout frequency**

Payouts guaranteed within 24 hours, with bi-weekly rewards

## **Leverage**

More on that here [Leverage details](https://help.fundednext.com/en/articles/8019669-what-is-the-leverage-of-the-trading-account)

## **Consistency rule**

Applicable to the Express Consistency Account. Traders must stay within +/- 200% of their weekly average or by a deviation of 2.0, based on Trading Days, Number of Trades, and Lot Sizes.

## **Commission per lot**

- Forex: $3/lot
- Commodities: $3/lot
- Indices: $0/lot
- Crypto: $0/lot
- Stellar Lite account: Forex: $7/lot, Commodities: $7/lot, Indices and Crypto: $0/lot

## **Customer support options and details**

24/7 professional support with an average response time of 50 seconds, available via email, live chat, and messenger

## **Trustpilot Feedback**

### **Positive:**

- **Excellent Customer Support:** Prompt and clear responses, with helpful support staff resolving issues effectively.
- **Quick Payouts:** Fast payout processing, often within hours, and smooth withdrawal experiences.
- **Easy Account Setup:** Instant access to accounts, dashboard, and platform, with efficient chat support.
- **Transparent and Reliable:** Consistent delivery on promises, with a reliable profit split and support for traders.
- **Maximum Trading Freedom:** Offers significant trading freedom and helps traders manage risk and develop skills.

### **Negative:**

- **Low Leverage:** Very low leverage options (e.g., 1:20), which may not suit all trading styles, and lack of response to leverage adjustment requests.
- **Technical Issues:** Occasional problems with account setup and platform operations, with some delays in resolution.
- **Manipulation Concerns:** Reports of trade manipulation and significant slippage, raising concerns about the reliability of their broker.
- **Unfair Account Termination:** Accounts terminated without clear explanations or consideration of customer explanations, leading to dissatisfaction.
- **Regional Limitations:** Restrictions on challenge purchases for traders from certain regions, such as Pakistan, limiting access for a significant trading community.

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FundedNext - 50K - 2 Steps - 80%