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FundedNext Reviews And In-Depth Analysis

FundedNext is a prop trading firm with offices located in the UAE.

In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from FundedNext.

Here’s what you’re going to learn:

What Is FundedNext And What Does It Offer

FundedNext is a prop firm located in the UAE. It was originally founded in 2016.

What can you trade with FundedNext?

FundedNext is a prop firm that funds traders to trade Forex and other CFDs trading assets.

Here’s a list of all of them:

  • Forex: All major, minor, and even exotic pairs are there if you are a Forex trader.
  • Indices: Traded as CFDs, you have all the important indices available to trade including Dax, Nasdaq, Dow Jones, S&P500, FTSE, and others.
  • Commodities: Crude and Brent Oil.
  • Metals: Silver, Gold.

What are the FundedNext account sizes?

FundedNext funds traders with account balances that go from $15,000 up to $200,000, pretty much the industry standard.

To get access to a funded account you need to choose and pass a Funding Model. The price of the Funding Model is different according to the account size that you are applying to.

The prices of the smaller funded account start at $99 and go up to $999 for the bigger account.

What is the FundedNext leverage?

FundedNext mentions a 1:100 leverage regardless of the Funding Model chosen.

The thing here is that 1:100 is normal leverage for Forex trading, but not for Indices, Commodities, or Metals. I would conservatively consider that, besides Forex, the leverage provided to trade is less than 1:100.

How much is the FundedNext payout?

The FundedNext payout depends on the Funding Model chosen.

  • Evaluation Funding Model: You get an 80% profit split initially, which can be scaled up to 90%.
  • Express Funding Model: The first withdrawal gives you a 60% payout. The second withdrawal gives you a 75% profit share. The third withdrawal and the next ones will be 90%.

But wait, FundedNext also innovated here, it gives you a profit share every month even when you are still trading a demo account. While trading in demo you get a 15% profit share every month until you get a real account. Use the link below:

FundedNext Reviews

According to Trustpilot, FundedNext has an excellent classification. It’s scoring 4.6/5.0 after almost 4,000 reviews from users.

FundedNext Funding Model-1: Evaluation

The Evaluation is one of the processes that you can choose to pass in order to get a funded account from FundedNext.

It has two phases to pass. In each phase, you have to achieve a minimum profit target, within a trading period, without exceeding drawdown limits.

Let’s look at them in detail.

Phase 1

During this phase, you need to achieve a profit target within four trading weeks. Here are all the details:

  • Daily drawdown: Maximum of 5% of the initial account balance.
  • Overall drawdown: Maximum of 10% below the initial account balance.
  • Profit target: 10%
  • Trading period: You need to achieve the profit target within 4 trading weeks.
  • Minimum trading days: You need to open trades on at least 5 different days.

Phase 2

When it comes to phase 2, the profit target decreases, and the trading period to achieve the target increases. Here are all the details:

  • Daily drawdown: Maximum of 5% of the initial account balance.
  • Overall drawdown: Maximum of 10% below the initial account balance.
  • Profit target: 5%
  • Trading period: You need to achieve the profit target within 8 trading weeks.
  • Minimum trading days: You need to open trades on at least 5 different days.

FundedNext Funding Model-2: Express

This model is a bit different than Model 1. It only has a single phase instead of two.

Now you don’t have a time limit to achieve your profit, but the profit target also increased. This model allows traders to get funded in as fast as 10 days.

  • Daily drawdown: Maximum of 5% of the initial account balance.
  • Overall drawdown: Maximum of 10% below the initial account balance.
  • Profit target: 25%
  • Trading period: There’s no maximum, you can take as much time as you need to achieve the profit target.
  • Minimum trading days: You need to open trades on at least 10 different days every 4 weeks.

FundedNext Free Repeat

FundedNext provides free repeats for traders that want to take the Funding Model again. The only requirement is that you are profitable at the end of the trading period (although you didn’t achieve the profit target).

Use the link below to get unlimited free repeats. Don’t forget to delete your cookies if you already visited the FundedNext website.

FundedNext Platforms

FundedNext gives you access to the most popular trading platform used by Forex brokers.

You can use:

  • MetaTrader 4

MT5 is not available at the moment, but they state they are working to introduce more trading platforms, including MT5.

FundedNext Trading Hours

There’s no requirement to close trades overnight or for the weekend.

You can keep your trades open for as long as you need, according to your own trading style.

FundedNext News Trading

There is no problem in holding trades during news releases. You are just not allowed to open and close trades during a small period around the news release.

This only applies after you get funded, while trading on demo there are no restrictions to trading news.

Evaluation Model: You can’t open and close trades 2 minutes before and after the news releases. You can keep existing trades open though.

Express Model: You can’t open and close trades 5 minutes before and after the news releases. You can keep the existing trades open.

This restriction only applies to the pairs that are affected by the news.

Is FundedNext Legit?

Yes, FundedNext is a legit company.

Here are the contacts to reach them:

  • Email: support@fundednext.com
  • Address: Office No. 7, AI Robotics HUB, C1 Building, AFZ, Ajman, UAE

Recap

  • FundedNext is a prop trading firm based in the UAE.
  • You can get a funded account with up to $200,000 in balance and up to 90% profit split payout.
  • To get access to a funded account you need to pass one of the Funding Models.
  • The Express Funding Model is the fastest one, giving you the ability to get funded in as low as 10 days.
  • You can trade Forex, Indices, Metals, and Commodities with FundedNext.
  • The popular MT4 platform is available to trade.

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