Next Step Funded is a well-known prop firm based in Australia. This platform allows traders to trade various instruments, including Metals, Forex, stocks, indices, and oil, pass Standard, Flash, or HFT evaluations, and get funded up to $300,000.
In this Next Step Fund review, we'll provide an in-depth guide on what this platform offers, its pros and cons, and everything you need to know before deciding if it's the right fit for you.
Next Step Funded Prop Firm Company Information Overview
Next Step Funded (Prop Solutions FZE-LLC) is a prop trading firm that empowers traders by providing access to significant capital, allowing them to unleash their full potential in the forex prop trading market.
Here's what you need to know about Next Step Funded:
- Founded by a team of seasoned professionals with extensive backgrounds in trading and management
- Global presence with operations spanning multiple continents
- Offers funding challenges and account options ranging from $7,500 to $300,000
- Challenge prices ranging from $71 up to $2150
Next Step Funded Specifications
Let's break down the key specifications of Next Step Funded:
Account currency | N/A |
Minimum price | $71 |
Maximum leverage | 1:100 |
Maximum profit split | 100% |
Instruments | Forex, indices, commodities, metals, stocks |
Assets | USD/JPY, FTSE 100, Gold, oil |
Evaluation steps | 2 |
Trading platform | MT5 |
Withdrawal methods | Rise |
Maximum fund size | $400,000 |
First profit target | 10% |
Maximum daily loss | 5% |
Challenge time limit | Unlimited |
News trading | Yes |
Maximum total drawdown | 12% |
Commission per round lot | N/A |
Trust pilot score | 3.0/5 |
Payout frequency | weekly |
Established country | Australia |
Established year | N/A |
Next Step Funded Pros & Cons
Before diving in, it's crucial to weigh the advantages and disadvantages of Next Step Funded:
Advantages | Disadvantages |
Diverse funding options starting from $7,500 up to $300,000 | High number of negative reviews on Trustpilot |
24/7 trading with weekend position holding allowed | Very strict trading rules with a 10% profit target and 5% maximum drawdown |
Variety of funding evaluations | Concerns about safety and legitimacy due to negative feedback |
While the funding options appear attractive, traders should carefully consider the strict rules and high challenge fees before proceeding.
Funding Options & Prices on the Next Step Funded
Next Step Funded offers a variety of account sizes and challenge types to suit different trader preferences:
Flash Evaluation:
Funding size | $25k | $50k |
Evaluation price | $28 | $62 |
Standard evaluation 1-step:
Funding size | $15k | $25k | $50k | $100k | $200k |
Evaluation price | $125 | $179 | $359 | $602 | $1,205 |
Standard evaluation 2-step:
Funding size | $15k | $25k | $50k | $100k | $200k |
Evaluation price | $98 | $152 | $305 | $503 | $998 |
HFT evaluation:
Funding size | $7.5k | $15k | $25k | $50k | $100k | $300k |
Evaluation price | $71 | $140 | $220 | $440 | $890 | $2150 |
While the funding options appear attractive, traders should carefully consider the strict rules and high challenge fees before proceeding.
Next Step Funded Prop Firm Evaluation Plans
Next Step Funded's evaluation process consists of multiple options:
Standard Evaluation
This evaluation plan has no time limits and is suitable for most traders. It is offered in one-step and two-step evaluation stages
Standard Evaluation 1-step:
Account Size | $15k | $25k | $50k | $100k | $200k |
Maximum daily drawdown | 4% | ||||
Maximum overall drawdown | 8% | ||||
Profit target | 10% | ||||
Maximum trading days | Unlimited | ||||
Challenge fee | $125 | $179 | $359 | $602 | $1,205 |
This challenge is convenient for both experienced and beginner traders.
Standard Evaluation 2-step:
Account Size | $15k | $25k | $50k | $100k | $200k |
Maximum daily drawdown | 5% | ||||
Maximum overall drawdown | 10% | ||||
Profit target phase 1 | 8% | ||||
Profit target phase 2 | 5% | ||||
Maximum trading days | Unlimited | ||||
Challenge fee | $98 | $152 | $305 | $503 | $998 |
Traders who prefer a gradual approach toward becoming funded can benefit from this evaluation plan.
Flash Evaluation
Account Size | $25k | 50K |
Maximum daily drawdown | 5% | |
Maximum overall drawdown | 5% | |
Profit target | 10% | |
Maximum trading days | 1 | |
Challenge fee | $28 | 62$ |
This program is designed for traders who want to get funded as soon as possible.
HFT Evaluation
Account Size | $7.5k | $15k | $25k | $50k | $100k | $300k |
Maximum daily drawdown | 5% | |||||
Maximum overall drawdown | 12% | |||||
Profit target | 10% | |||||
Maximum trading days | Unlimited | |||||
Challenge fee | $71 | $140 | $220 | $440 | $890 | $2150 |
This challenge type is tailored for high-frequency traders.
Bonuses and Discounts in Next Step Funded Prop
Next Step Funded occasionally offers discount codes so new traders can buy challenges at a discount. Unfortunately, this prop firm doesnāt have any active bonuses.
Next Step Funded currently offers an affiliate program for traders to invite their friends to this platform and earn up to 12.5% commission on their purchases. This program is particularly attractive for traders with a high following on the social media accounts.
Tradable Symbols in Next Step Funded
Next Step Funded offers a diverse range of tradable instruments, including:
- Forex: Major, minor, and exotic currency pairs
- Indices: US and Australian indices
- Oil: Brent and WTI
- Stocks: Select international equities
- Metals: Gold, silver, copper, and more
This wide selection allows traders to diversify their strategies and take advantage of various market conditions.
Next Step Funded Payment and Withdrawal Methods
Next Step Funded provides several options for traders to pay challenge fees and withdraw their earnings:
Payment methods:
- Credit/Debit cards
- Cryptocurrencies
Payout methods:
- Bank wire transfers
The lack of various payout options is one of the major drawbacks of the Next Step Funded prop firm.
Next Step Funded Prop Commission and Costs
Unfortunately, Next Step Funded doesnāt provide any information regarding spread or commission costs of trading on this platform. This is a major drawback for users since it effects their profitability. Traders should consider this before purchasing a challenge from Next Step Funded.
Next Step Funded Prop Trust Scores and User Reviews
Next Step Funded's Trustpilot score paints a concerning picture:
- Overall score: 3.0 out of 5 stars (based on over 940 reviews)
- 1-star ratings: Approximately 50%
The company actively responds to negative reviews, indicating an effort to address customer concerns. However, the high proportion of negative reviews raises significant red flags that potential traders should carefully consider.
Next Step Funded Support Methods
Next Step Funded claims to offer 24/7 customer support through:
- Email: support@nextstepfunded.com
- Live chat: available on the website
However, user reviews suggest mixed experiences with their support team. While some praise the responsiveness, others report significant delays or lack of resolution to their issues. The inconsistency in support quality appears to be a point of frustration for many traders.
Next Step Funded claims to answer traders' inquiries through Discord as well, but this seems not true since you canāt find their Discord chat by searching on the web.
Next Step Funded Prop Firm Socials
Next Step Funded maintains a presence on several social media platforms:
- YouTube: https://www.youtube.com/@nextstepfunded
- Instagram: https://x.com/nextstepfunded
- Twitter: https://x.com/nextstepfunded
Traders can use these social media channels to stay informed about Next Step Funded's offerings and connect with other traders.
TF Expert Suggestion
As an Australian prop firm, Next Step Funded presents itself as an attractive option for traders seeking funded accounts with high-profit splits and various challenges, including HFT, Flash, and Standard Evaluation. Their range of account sizes, use of the popular MT5 platform, and emphasis on quick payouts are certainly appealing features.
However, the significant number of negative reviews and concerns about the company's practices cannot be ignored. Reported issues with withdrawals and inconsistent customer support raise serious questions about the reliability and sustainability of Next Step Funded's model.
Potential traders should approach Next Step Funded with extreme caution and do their due diligence before joining this platform.
