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 by Abdullah Jayed 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 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 |
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, weighing the advantages and disadvantages is essential. 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.
Account Size | Stellar | Stellar Lite | Evaluation | Express | ||
1-Step | 2-Step | Consistency | None-Consistency | |||
$5,000 | - | - | $32 | - | - | - |
$6,000 | $65 | $59 | - | $49 | $49 | $59 |
$10,000 | - | - | $59 | - | - | - |
$15,000 | $129 | $119 | - | $99 | $99 | $119 |
$25,000 | $219 | $199 | $139 | $199 | $199 | $229 |
$50,000 | $329 | $299 | $229 | $299 | $299 | $379 |
$100,000 | $569 | $549 | $399 | $549 | $549 | $699 |
$200,000 | $1,099 | $999 | - | $999 | $999 | - |
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.
#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 a part of the KYC procedure:
- Passport
- Driving license
- National ID
FundedNext Challenge Conditions
Understanding FundedNext conditions is crucial for success on the platform. Note that in the Express None-Consistency plan, the real account will have 25% of the challenge amount.
Conditions | Stellar | Stellar Lite | Evaluation | Express | ||
1-Step | 2-Step | Consistency | None-Consistency | |||
Profit Target | 10% | 8% 5% | 8% 4% | 10% 5% | 25% | 25% |
Time Limit | None | None | None | 4 weeks 8 weeks | None | None |
Max Daily Drawdown | 3% | 5% | 4% | 5% | 5% | 5% |
Max Total Drawdown | 6% | 10% | 8% | 10% | 10% | 10% |
Min Trading Days | 2 | 5 | 5 | 5 | 10 | 10 |
Profit Split | 90% | 80% | 80% | 80% | 90% | 90% |
Payout Frequency | 5 Days | First payout after 21 days, then every 14 days | First payout after 21 days, then every 14 days | Bi-weekly | 4 weeks | 4 weeks |
Using copy trading strategies comes with certain conditions, including a maximum account size of $300k and being used only during evaluation phases.
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.
VPN & VPS Usage Guidelines
Traders can use paid VPNs in the Challenge 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 Martingale and Arbitrage strategies, 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.
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: No activation or monthly fee and up to $300K trading accounts for futures trading
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 more methods 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. Funded Next 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.
- Email: support@fundednext.com
- Phone Call: +35725255160
- Live Chat: Available on the website
- Ticket: Accessible on the “Contact Us” page
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:
- FundedNext Facebook
- FundedNext Discord
- YouTube
- Twitter (X)
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 | $33 | $97 |
Maximum Fund Size | $4,000,000 | $250,000 | $100,000 | $400,000 | $200,000 |
Evaluation steps | 3-phase | 1-Step, 2-Step, 3-Step | 1-Step, 2-Step | 1-Step, 2-Step, 3-Step, Instant Funding | 1-Step, 2-Step |
Profit Share | Up to 90% | 100% | 85% | 100% | 80% |
Max Daily Drawdown | 5% | 5% | 4% | 7% | 5% |
Max Drawdown | 10% | 10% | 8% | 14% | 10% |
First Profit Target | 8% | 5% | 8% | 6% | 5% |
Challenge Time Limit | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
Maximum Leverage | 1:100 | 1:100 | 1:75 | 1:100 | 1:100 |
Payout Frequency | Monthly | Bi-weekly | 10 Days | Weekly | Bi-weekly |
Number of Trading Assets | Variable based on the plan | 3000+ | 400+ | 40+ | 40 |
Trading Platforms | MT4, MT5, cTrader, MatchTarder | Metatrader 5 | Match-Trader, cTrader | MetaTrader 5, Match Trader | 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 CFD and futures with Raw spreads.