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:
FundedNext is a prop firm located in the UAE. It was originally founded in 2016.
FundedNext is a prop firm that funds traders to trade Forex and other CFDs trading assets.
Here’s a list of all of them:
FundedNext funds traders with account balances that go from $5,000 up to $200,000, pretty much the industry standard. Upon successful trading, they can be scaled up to a maximum of $4,000,000.
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 $32 and go up to $1099 for the bigger account.
The leverage provided by the FundedNext prop firm depends on the symbol you are trading as well as the program you chose to get funded. Here’s the list of leverage by symbol and program:
The FundedNext payout depends on the Funding Model chosen.
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:
According to Trustpilot, FundedNext has an excellent classification. It’s scoring 4.6/5.0 after almost 4,000 reviews from users.
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.
During this phase, you need to achieve a profit target within four trading weeks. Here are all the details:
When it comes to phase 2, the profit target decreases, and the trading period to achieve the target increases. Here are all the details:
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.
This model also has a single phase to pass before you’re awarded a funded account.
You can get funded in as little as 2 days, which is really fast, and there’s no time limit to complete the challenge.
Here are the details:
When trading this challenge, you have 2 phases to pass before you’re awarded a funded account.
You can get funded in as little as 5 days, which is much faster than the industry standard, and there’s no time limit to complete the challenge.
Here are the details:
When trading this challenge, you have 2 phases to pass before you’re awarded a funded account.
You can get funded in as little as 5 days, which is very fast, a characteristic of this prof firm. You also have no time limit to complete the challenge.
Here are the details:
Yes, you can have a free trial with FundedNext. You’ll get a 1-step account and 14 days to trade and try the prop firm before you apply for a challenge.
FundedNext doesn’t provide free repeats anymore, but it also removed the time limit for most challenges.
Free Resets are not available, but if you use the link below, you get 10% discounts on resets if you breach any of the FundedNext rules.
FundedNext gives you access to the most popular trading platform used by Forex brokers.
You can use:
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.
The only exception is for the Express Consistency challenge. Although you can hold trades open overnight, you are not allowed to do it during the weekend.
With FundedNext you can trade during news releases which is great when we compare it to other firms that don’t allow news trading.
The only exception is for the Express Challenge. If you’re trading this challenge 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.
Yes, FundedNext is a legit company.
Here are the contacts to reach them:
Here’s the list of the best FundedNext alternatives:
For more alternatives check our alternative prop firm tool:
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