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What is FundedNext?

FundedNext, established in March 2022 by Abdullah Jayed, a well-known entrepreneur in the digital and retail trading industry, is a proprietary trading firm that provides traders with access to significant capital. The firm is designed to help traders manage large amounts of capital without risking their own funds, with the potential to trade up to 4 million for top-performing traders. Headquartered in the UAE, with additional offices in the USA, UK, and Bangladesh, FundedNext offers starting capital of up to $200,000, with opportunities for account growth as traders demonstrate their skills and meet specific performance targets.

The firm is known for its trader-friendly approach, offering four distinct funding models: Two-Step Stellar, One-Step Stellar, Evaluation, and Express. Each program is tailored to suit different trading styles and experience levels, ensuring that both novice and experienced traders can find a suitable path to funding.

FundedNext is not a broker and does not provide brokerage services directly. Instead, the firm offers traders access to popular trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader through its licensed entity, FundedNext, which holds the necessary broker license. This setup ensures that traders can operate on reliable and industry-standard platforms while adhering to regulatory standards. Additionally, FundedNext has partnered with several top-tier liquidity providers to create a trading environment that closely replicates real-market conditions. This ensures tight spreads, low commissions, and efficient order execution, providing traders with a seamless and professional trading experience. By focusing on funding traders rather than acting as a broker, FundedNext bridges the gap between skilled traders and the capital they need to succeed in the financial markets.

How FundedNext Works

FundedNext operates on a simple yet effective model that allows traders to prove their skills and gain access to the firm’s capital. Here’s how it works:

1. Choose a Program: Traders select a funding program that aligns with their trading style, risk tolerance, and goals. FundedNext offers multiple programs, each with its own set of rules, profit targets, and risk management parameters.
2. Pass the Evaluation: Traders must complete a challenge or evaluation phase to demonstrate their trading skills and risk management capabilities. This phase involves meeting specific profit targets while adhering to drawdown limits and other rules.
3. Get Funded: Upon passing the evaluation, traders gain access to the firm’s capital and can start trading under the agreed terms. FundedNext provides a funded account, allowing traders to trade with the firm’s money.
4. Earn Profits: Traders keep a significant portion of the profits they generate, with profit splits ranging from 80% to 90%. The firm takes a smaller share as a fee for providing the capital and platform.

Funding Programs Offered by FundedNext

FundedNext offers a variety of funding programs to cater to different trader needs. Below is an in-depth overview of each program:

Stellar Challenge

Objective: The Stellar Challenge is a unique program designed for traders who prioritize consistency and long-term growth. It is available in two versions: One-Step Stellar and Two-Step Stellar.

Key Features:

One-Step Stellar: Traders must achieve a 10% profit target with no strict time limit, but a minimum of 5 trading days per month is required. There are no daily drawdown limits, but the overall drawdown limit is 6%.

Two-Step Stellar: This version involves two phases. In the first phase, traders must achieve an 8% profit target, while in the second phase, the target is 5%. Both phases have a 5% daily drawdown limit and a 10% overall drawdown limit.

High Profit Splits: Traders can earn up to 95% of the profits, making this program highly attractive for skilled traders.

Scaling Plan: Successful traders can grow their account balance by up to 40% over time, with the potential to reach $4 million.

Scaling Plan

Objective: The Scaling Plan allows traders to increase their account size based on consistent performance. This feature is available in several of FundedNext’s programs, including the Stellar Challenge.

Key Features:

Account Growth: Traders can grow their account balance by meeting specific profit milestones. For example, achieving a 10% profit over four months can result in a 40% increase in the account balance.

No Additional Fees: Scaling is free and automatic once the conditions are met.

Higher Capital Access: Successful traders can access larger accounts over time, with the potential to manage up to $4 million.

Profit Splits

FundedNext offers competitive profit splits, which vary depending on the program:

Standard Programs: Offer an 80-95% profit split in favor of the trader.

Express Programs: Offer an 80-95% profit split with faster payouts.

Stellar Challenge: Provides a 90% profit split to the trader, making it one of the most attractive programs in the industry.

Key Benefits of FundedNext

1. Flexible Rules: FundedNext is known for its trader-friendly rules, such as no strict time limits and relaxed drawdown requirements in some programs. This flexibility allows traders to work at their own pace and focus on long-term success.
2. High Profit Splits: Traders can keep up to 95% of the profits they generate, making FundedNext one of the most lucrative proprietary trading firms in the market.
3. Scaling Opportunities: The Scaling Plan allows traders to grow their account size based on performance, providing a clear path to managing larger amounts of capital.
4. Wide Range of Instruments: FundedNext offers access to a variety of trading instruments, including forex, commodities, indices, and cryptocurrencies, allowing traders to diversify their portfolios.
5. Transparent Fees: The participation fee for the evaluation phase is often refundable upon passing the challenge, making it a low-risk option for traders.
6. Active Community: FundedNext has a vibrant Discord community where traders can share strategies, seek advice, and participate in giveaways and competitions. This sense of community is invaluable for both novice and experienced traders.

How to Get Started with FundedNext

1. Choose a Program: Select the funding program that aligns with your trading style and goals. Consider factors such as profit targets, drawdown limits, and time constraints when making your decision.
2. Pay the Fee: Pay the one-time evaluation fee to start the challenge. Be sure to read the terms and conditions carefully before committing.
3. Pass the Evaluation: Meet the profit target while adhering to the risk management rules. Focus on consistency and discipline to increase your chances of success.
4. Start Trading: Once funded, trade the firm’s capital and earn a share of the profits. Take advantage of the Scaling Plan to grow your account over time.
5. Scale Your Account: Grow your account size by meeting performance milestones. This will allow you to manage larger amounts of capital and increase your earning potential.

Who Is FundedNext For?

FundedNext is ideal for:

Skilled Traders: Those who have a proven trading strategy but lack sufficient capital to trade at a larger scale.

Disciplined Traders: Traders who can adhere to risk management rules and avoid overtrading, which is crucial for passing the evaluation phase.

Experienced Traders: Those familiar with proprietary trading challenges and comfortable with the evaluation process.

Final Thoughts

FundedNext is a reputable proprietary trading firm that offers flexible and trader-friendly funding programs. Its competitive profit splits, scaling opportunities, and relaxed rules make it an attractive option for skilled traders. However, the evaluation fees and risk of failing the challenge may not suit everyone. If you’re confident in your trading abilities and looking for a way to trade larger capital, FundedNext is worth considering.

For the most accurate and up-to-date information, visit the official FundedNext website or contact their support team. Whether you’re a novice trader looking to learn and grow or an experienced trader seeking to scale your operations, FundedNext provides a comprehensive platform to help you achieve your trading goals.

Recent changes

Commission Update:
– Forex & Indices commission is now $5 per lot (applicable for Stellar 2-step).
– Crypto commission is now 0.04 (applicable for all plans).

Evaluation & Express Accounts Removed:
– No new purchases, resets, or top-ups allowed for Evaluation & Express accounts.
– Existing accounts will remain active.

News Trading Rules:
– News Trading is still allowed.
– A 5-minute restriction will apply before and after high-impact news. Only 40% of the profit generated in FundedNext account during the 5 minutes before and after a high-impact news release will be shared.

15% Profit Share of Challenge Phase:
– After achieving 10% growth in a FundedNext account, a 15% profit share can be withdrawn.
– This applies to both Stellar 1-Step and 2-Step Challenge phases.

Payout Cycle Change:
– The first payout will now be available after 21 days instead of 28 days.
– The system will automatically update the next payout date.
– Existing real account users will not be affected by the cycle changes; they will continue with the same process.