FundedNext provides retail traders with funded accounts, ranging from $5K to $200K, for a minimum fee of $32. The firm offers 3 main models, including Stellar, Evaluation, and Express. But what are the FundedNext prop firm challenge rules?
We’ll explore the funding models, trading platforms, financial instruments, pricing, fees, payment methods, withdrawal conditions, profit split, and many more in this FundedNext review.
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% 4% |
Max. daily loss | 5% |
Challenge time limit | Unlimited |
News trading | Yes |
Maximum total drawdown | 10% |
Trading platforms | MT4, MT5, cTrader |
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 on FundedNext?
We must discuss the registration and KYC process in this FundedNext review. Opening and verifying an account with the firm is a straightforward process.
- Visit the prop firm’s official website at “https://fundednext.com/”;
- Select your preferred challenge and click “Get Plan”;
- Choose the platform;
- Select swap type (Islamic account costs 10% more);
- Choose your desired add-ons;
- Enter an email address;
- Fill out the personal information form;
- Pay for the plan.
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 Rules and Conditions
Understanding Funded Next’s rules and 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 | Bi-weekly | Bi-weekly | Bi-weekly | 4 weeks | 4 weeks |
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+ paid to affiliates;
- 18,000+ active partners;
- Exclusive events.
Funded Next Trading Instruments
The firm offers a diverse range of trading assets (70+), 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.
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;
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 |
Funded Next Trust Score
User satisfaction is the most important topic in this FundedNext review. The firm has garnered significant attention and positive feedback from the trading community.
The prop firm has scored an excellent rating of 4.5 out of 5.0 based on 21,704 reviews on TrustPilot, 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: The form is 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:
- YouTube: https://www.youtube.com/@FundedNext
- Twitter (X): https://x.com/FundedNext
- Instagram: https://www.instagram.com/fundednext
- Discord
Expert suggestions
FundedNext offers funded accounts up to $200,000 with a scaling option of up to $4,000,000 through its main three funding models. FundedNext prop firm provides leverage trading (up to 1:100) on Forex, Crypto, Indices, and Commodities. Share your thoughts about the FundedNext review in the comments.
