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
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.