FundedNext provides funded accounts, ranging from $5K to $200K, for a minimum fee of $32. The firm offers 3 main funding models, including Stellar, Evaluation, and Express, with a maximum profit split of 95%.
FundedNext: An Introduction to the Prop Firm
Funded Next was established in March 2022 in the UAE. The company has a broker entity named “FundedNext” which provides trading services. Key features of the prop firm:
- Up to 95% profit split
- No time limit on challenges
- 15% profit share in the challenge phase
- Payout processing in less than 24 hours
- Raw spreads
FundedNext CEO
Abdullah Jayed is the CEO of FundedNext and the founder of Next Ventures. He hopes to provide a safe trading prop firm for traders to grow thier trading capital by using FundedNext services. For more details, check the Abdullah Jayed LinkedIn profile.
FundedNext Table of Specifications
The prop firm hosts more than 97,000 traders and has paid them a total of $95M+ as of November 2024. Here are some key features of Funded Next.
Account currency | N/A |
Minimum price | $32 |
Maximum leverage | 1:100 |
Maximum profit split | Up to 95% |
Instruments | Forex, Indices, Commodities, Crypto |
Assets | 78 |
Evaluation steps | 1-Step, 2-Step, Instant Funding |
Withdrawal methods | USDT TRC20, Perfect Money |
Maximum fund size | $4,000,000 |
First profit target | 8% |
Max. daily loss | 5% |
Challenge time limit | Unlimited |
News trading | Yes |
Maximum total drawdown | 10% |
Trading platforms | MT4, MT5, cTrader, MatchTarder |
Commission | Variable based on the plan and instrument |
TrustPilot score | 4.5 |
Payout frequency | Variable based on the plan |
Established country | UAE |
Why FundedNext? (Pros and Cons)
When considering Funded Next as your prop firm of choice, it's essential to weigh the advantages and disadvantages. Here's a balanced look at what the prop firm brings to the table.
Advantage | Disadvantage |
Partnership with Google and Meta | Limited asset offerings |
Generous profit sharing (up to 95%) | Lack of regulation |
Transparency in regard to the directing team | Limited educational resources |
3 different funding models | - |
FundedNext Prop Firm Pricing
The firm offers a range of account sizes and challenge models for a minimum fee of $32 to suit different trading styles and experience levels.
Challenge Type | Stellar Lite | Stellar 1-Step | Stellar 2-Step | Stellar Instant | Rapid (Futures) | Legacy (Futures) |
$5,000 | $32 | - | - | $195 | - | - |
$6,000 | - | $65 | $59 | - | - | - |
$10,000 | $59 | - | - | $399 | - | - |
$15,000 | - | $129 | $119 | $780 | - | - |
$25,000 | $139 | $219 | $199 | - | $79 | $129 |
$50,000 | $229 | $329 | $299 | - | $99 | $249 |
$100,000 | $399 | $569 | $549 | - | $249 | $449 |
$200,000 | $798 | $1,099 | $1,099 | - | - | - |
FundedNext's scaling plan allows successful traders to access up to $4 million in capital allocation, subject to meeting specific performance criteria over four months.
How to Open an Account and Verify It?
The FundedNext Registration is a fast and structured experience. In under 8 minutes, traders can complete their profile, validate their email, and answer a short onboarding questionnaire - all without submitting any documents.
Once verified, users are granted instant access to the FundedNext trading dashboard.
#1 Begin FundedNext Sign-Up
Head to the official FundedNext site, click “Log In,” and then choose “Register” to reach the sign-up interface.
Reaching the FundedNext account setup form through the "Register" button
#2 Provide Personal Details on FundedNext
Fill in your full name, gender, birthdate, location, email, and phone number. Create and confirm a secure password, agree to the terms, and finalize registration.
#3 Activate & Access the FundedNext Account
Use the 6-digit code sent via email to verify your account. After logging in, complete the 3-question onboarding form. Once done, you're all set to explore your FundedNext dashboard and trading opportunities.
#4 FundedNext KYC
Upon successfully completing the challenge phase, you’ll be required to provide one of the following documents as part of the KYC procedure:
- Passport
- Driving license
- National ID
FundedNext Challenge Conditions
Understanding FundedNext conditions is crucial for success on the platform. FundedNext challenges:
Challenge Type | Stellar Lite | Stellar 1-Step | Stellar 2-Step | Stellar Instant | Rapid (Futures) | Legacy (Futures) |
Profit Target Phase 1 | 8% | 10% | 8% | - | Varies Based on the Account Size | Varies Based on the Account Size |
Profit Target Phase 2 | 4% | - | 5% | - | - | - |
Maximum Daily Drawdown | 4% | 3% | 5% | 6% | - | Varies Based on the Account Size |
Maximum Total Drawdown | 8% | 6% | 10% | - | Varies Based on the Account Size | Varies Based on the Account Size |
FundedNext Stellar Lite Challenge
The Stellar Lite plan from FundedNext offers account sizes from $5,000 to $200,000, with a Phase 1 profit target of 8% and a Phase 2 target of 4%.
Traders benefit from up to 95% performance rewards, news trading permissions, and a 21-day first withdrawal window. The maximum daily loss is 4%, and the maximum overall loss is 8%. All fees are fully refundable upon challenge completion.
Challenge Type | Stellar Lite |
Profit Target Phase 1 | 8% |
Profit Target Phase 2 | 4% |
Maximum Drawdown | 8% |
Maximum Daily Drawdown | 4% |
Minimum Trading Days | 5 |
Profit Split | Up to 95% |
FundedNext Stellar 1-Step Evaluation
The Stellar 1-Step plan offers account sizes from $6,000 to $200,000 with a 10% profit target, up to 95% performance rewards, and news trading allowed.
Traders can withdraw profits in just 5 days after passing, with only 2 minimum trading days required. Maximum daily loss is 3%, and maximum overall loss is 6%. All fees are fully refundable upon challenge completion.
Challenge Type | Stellar 1-Step |
Profit Target Phase 1 | 10% |
Maximum Drawdown | 6% |
Maximum Daily Drawdown | 3% |
Minimum Trading Days | 2 |
Profit Split | Up to 95% |
FundedNext Stellar 2-Step Challenge
The Stellar 2-Step plan offers account sizes from $6,000 to $200,000, with a Phase 1 profit target of 8% and a Phase 2 target of 5%.
Traders can earn up to 95% profit share, enjoy news trading permissions, and face a maximum overall loss of 10% with a 5% daily cap. First payouts are available 21 days after the challenge, with only 5 minimum trading days required. All fees are fully refundable upon successful completion.
Challenge Type | Stellar 2-Step |
Profit Target Phase 1 | 8% |
Profit Target Phase 2 | 5% |
Maximum Drawdown | 10% |
Maximum Daily Drawdown | 5% |
Minimum Trading Days | 5 |
Performance Reward from Challenges | 15% |
FundedNext Stellar Instant Evaluation
The Stellar Instant plan offers instant funding accounts of $5,000, $10,000, and $20,000with a6% maximum overall loss and no daily loss limit.
It features trailing drawdown, allows news trading and weekend holding, and provides up to 80% profit share with on-demand rewards. All fees are fully refundable upon meeting requirements.
Challenge Type | Stellar Instant |
Profit Target | - |
Maximum Drawdown | 6% |
Maximum Daily Drawdown | - |
Profit Split | Up to 80% |
FundedNext Futures Challenges
FundedNext offers two futures trading challenges, each with its unique conditions and specifications.
FundedNext futures evaluations:
Challenge Type | Rapid | Legacy | ||||
Account Size | $25,000 | $50,000 | $100,000 | $25,000 | $50,000 | $100,000 |
Profit Target | $1,500 | $3,000 | $5,000 | $1,250 | $2,500 | $6,000 |
Daily Loss Limit | - | - | - | $600 | $1,200 | $2,400 |
Maximum Loss Limit | $1,250 | $2,000 | $2,500 | $1,250 | $2,500 | $3,000 |
Maximum Number of Positions (Challenge Stage) | 2 Minis, 10 Micros | 3 Minis, 15 Micros | 5 Minis, 25 Micros | 2 Minis, 10 Micros | 3 Minis, 15 Micros | 5 Minis, 25 Micros |
Consistency Rule | 40% | 40% | 40% | 40% | 40% | 40% |
Does Funded Next Offer Bonuses or Discount Codes?
Promotion is the most attractive topic in this FundedNext review. While the prop firm offers no traditional bonuses, it holds monthly competitions with generous prizes. Funded Next also offers a comprehensive partnership program with the following features.
- Up to 18% commission on each referral
- Average payout time of 24 hours
- $3M+ payouts to affiliates
- 18,000+ active partners
- Exclusive events
- 5% discount for futures with "FINDERFT" code
FundedNext Rules
The trading policy is a crucial part of each platform, and FundedNext is no exception. Key Points of FundedNext Trading Rules:
- VPN Usage: Traders must use paid VPN services with specific country IPs. Switching between countries or using VPNs from restricted regions is prohibited;
- VPS Usage: Private VPS services with dedicated IPs are allowed. Manual trading through VPS is prohibited, and shared VPS connections are not permitted;
- Hedging: Allowed only within the same account. Hedging across multiple accounts is not permitted and may lead to account termination;
- Expert Advisors (EAs): EAs can be used on MT4 and MT5, but not on cTrader. Customization is required;
- Martingale & Arbitrage Strategies: No restrictions on strategy, but consistency must be maintained through the challenge and live phases;
- News Trading: Allowed with a specific rule for profit split during high-impact news events;
- Payout Conditions: FundedNext processes payouts within 24 hours or adds $1,000 compensation. Profit shares reach up to 90%, with schedules starting from 5 to 21 days depending on the challenge model.
VPN & VPS Usage Guidelines
Traders can use paid VPNs in theChallenge and FundedNext accounts, ensuring consistent security. Avoid free VPNs, as they share IP addresses among users, which can pose security risks. Use a specific IP within a single country each time and avoid switching servers or countries. VPNs from restricted countries are prohibited.
Traders can use private VPS services with dedicated IPs for trading. Manual trading through VPS is not allowed. Shared VPS connections are prohibited. VPS may be used with trade-taking Expert Advisors (EAs), but modifying trade parameters without execution violates the rules.
Hedging Policy
Hedging is allowed within a single account. Traders can buy and sell the same asset in the same account to hedge. Hedging across multiple accounts or multi-platform hedging is prohibited and may lead to account termination.
Expert Advisor (EA) Usage
EAs can be used on MT4 and MT5 platforms, but not on cTrader. Traders must customize their EAs. Standardization across traders is encouraged, but each EA must be tailored to the individual trader’s needs.
Martingale & Arbitrage Strategies
Traders can use the Martingale strategy and Arbitrage, but must maintain consistency throughout the challenge and live account phases. These strategies must adhere to risk management rules and should reflect genuine trading skills.
News Trading Policy
Traders can trade during news events, but specific rules apply. Trades executed within 5 minutes before or after a high-impact news event will follow the News Profit Split Rule: 40% of the profit will count towards the account balance. Losses during this period are the trader's responsibility.
Payout Rules
FundedNext processes all payouts within 24 hours, or traders receive a $1,000 compensation. The payout schedule depends on the chosen challenge model:
- Stellar 1-Step:15% profit share during the Challenge Phase, increasing to 90% in the funded stage. First payout after 5 business days, then every 5 days. Subscription fee refunded with the first payout.
- Stellar 2-Step:15% profit share in both Challenge Phases, rising to 80% in the funded stage, then 90% after scaling. First payout after 21 days, then every 14 days. Subscription fee refunded with the first payout.
- Stellar Lite: No profit share during the Challenge Phase; 80% in the funded stage, increasing to 90% after scaling. First payout after 21 days, then every 14 days. Subscription fee refunded with the third payout.
All payouts include confirmation with proof of transfer.
FundedNext Scaling Program
FundedNext offers a structured Scale-Up program designed for traders who consistently achieve positive results while adhering to established trading guidelines. This initiative enables eligible participants to gradually expand their capital allocation, with the potential to manage up to $4 million.
The policy applies across all account types, Evaluation, Express, Stellar, and Stellar Lite, under identical requirements to maintain clarity and uniformity.
To qualify, traders must close all open positions at the end of their trading cycle and contact the support team before initiating new trades. The review process occurs once every four months and is based on the following criteria:
- Minimum account growth of 10% across four consecutive months.
- At least two completed payouts during this period.
- The final trading cycle must close with a net profit.
Accounts that meet these conditions may receive a 40% increase in balance, subject to the $4 million cap.
FundedNext Apps and Platforms
Funded Next provides traders access to some of the industry's most popular and powerful trading platforms, including:
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
- cTrader Android
- cTrader iOS
- Desktop
MatchTrader
- Mobile
- Desktop
TradingFinder has developed a wide range of MT4 and MT5 indicators that you can use for free.
Trading Instruments
The firm offers a diverse range of trading assets (78) across 4 asset classes, including the Forex market and cryptocurrencies, catering to various trading preferences and strategies.
- Forex: 50 major, minor, and exotic currency pairs (e.g., EUR/USD, GBP/USD, and USD/JPY)
- Indices: 13 Major global indices like S&P 500, NASDAQ, FTSE 100, and US30
- Commodities: Metals (Gold, Silver, and Platinum) and energies (Brent and WTI)
- Crypto: Ten of the most popular tokens, including BTC, ADA, DOG, XRP, BCH, ETH, LNK, LTC, and XMR
- Futures Market: No activation or monthly fee and up to $100K trading accounts for futures trading
FundedNext Leverage
The trading leverage in FundedNext is different for based on the tradable instrument:
- Forex: 1:30
- Commodities: 1:7.5
- Indices: 1:5
- Crypto: 1:1
Funded Next Withdrawal and Payment
Efficient withdrawal and payment processes are crucial for traders, and FundedNext aims to provide a smooth experience. While the prop firm offers only USDT TRC20 and Perfect Money for payouts, it provides moremethods for payments, including:
- AstroPay
- PayPal
- Apple Pay
- Google Pay
- Crypto
FundedNext Trading Costs
Understanding the trading costs associated with the firm is crucial for effective trading and profit calculation. FundedNext's fee structure mainly consists of spreads and commissions.
Commissions
Asset Class | Evaluation, Express, Stellar | Stellar Lite |
Forex | $3/Lot | $7/Lot |
Commodities | $3/Lot | $7/Lot |
Indices | $0/Lot | $0/Lot |
Crypto | $0/Lot | $0/Lot |
Spreads
Instrument | Spread (Pips) |
EURUSD | 1 |
GBPUSD | 4 |
AUDCAD | 9 |
NDX100 | 40 |
SPX500 | 40 |
XAUUSD | 9 |
XAGUSD | 12 |
USOUSD | 31 |
FundedNext Prop Firm Educational Materials
While the company primarily caters to experienced traders, they do offer a comprehensive blog covering various topics, including:
- Forex trading guide
- Announcements
- Market analysis
- Trading news
- Strategies
You can also use TradingFinder's Forex education section to access additional learning materials.
Funded Next Trust Score
The prop firm has garnered significant attention and positive feedback from the trading community.
The FundedNext Trustpilot profile has an excellent rating of 4.5 out of 5.0 based on 21,704 reviews, with 83% of the ratings being 5-star.
How to Reach Funded Next Customer Support?
The prop firm has offices in the United Arab Emirates and Cyprus. It also provides 24/7 support via email and live chat.
Support Method | Availability |
Live Chat | Yes (Available on the Website) |
Yes (support@fundednext.com) | |
Phone Call | Yes (+35725255160) |
Discord | No |
Telegram | No |
Ticket | Yes (Accessible on the “Contact Us” page) |
FAQ | No |
Help Center | No |
No | |
Messenger | No |
FundedNext User Base
FundedNext ranks 9,834 globally and serves traders across top markets including India (14.5%), Kenya (6.86%), and the United States (6.65%).
Funded Next on Social Media Platforms
Maintaining an active presence on social media indicates the firm’s determination to keep in touch with its clientele.FundedNext’s handles on social media.
Social Media | Members/Subscribers |
122,000 | |
230,000 | |
7,146 | |
231,000 |
FundedNext in Comparison with Other Firms
Let's examine the differences between FundedNext features and those of other platforms; FundedNext Comparison:
Parameters | FundedNext Prop Firm | |||
Minimum Challenge Price | $32 | $39 | $15 | $97 |
Maximum Fund Size | $4,000,000 | $250,000 | $100,000 | $200,000 |
Evaluation steps | 1-Step, 2-Step, Instant Funding | 1-Step, 2-Step, 3-Step | 1-Step, 2-Step | 1-Step, 2-Step |
Profit Share | Up to 90% | 100% | 85% | 80% |
Max Daily Drawdown | 5% | 5% | 4% | 5% |
Max Drawdown | 10% | 10% | 8% | 10% |
First Profit Target | 8% | 5% | 8% | 5% |
Challenge Time Limit | Unlimited | Unlimited | Unlimited | Unlimited |
Maximum Leverage | 1:100 | 1:100 | 1:75 | 1:100 |
Payout Frequency | Monthly | Bi-weekly | 10 Days | Bi-weekly |
Number of Trading Assets | Variable based on the plan | 3000+ | 400+ | 40 |
Trading Platforms | MT4, MT5, cTrader, MatchTarder | Metatrader 5 | Match-Trader, cTrader | MetaTrader 5, cTrader, Dxtrade |
Expert suggestions
FundedNext offers funded accounts up to $200,000 with a scaling option of up to $4,000,000. The prop firm provides leverage trading (up to 1:100) on 78 instruments, which are available as CFDs and futures with Raw spreads.