FundedNext, headquartered in Ajman, UAE, was established in 2022 as a specialized forex trading company. The company offers various challenge modes for traders seeking funded accounts.

Key Features

FundedNext provides the following key features:

• Trading Instruments: Forex, Indices, Metals, Commodities, Cryptocurrencies.
• Maximum Account Size: Up to $4,000,000.
• Profit Split: Up to 90%.
• Cost: Starting fee of $32.
• Trading Platforms: MetaTrader 4, MetaTrader 5, cTrader.

Pros and Cons

Pros

• Profit split available during challenge phases.
• Loss calculations based on account balance, not open trades.
• Challenges have no time limits, allowing traders to achieve goals at their own pace.
• Up to 95% profit split available.
• Most accounts enjoy leverage up to 1:100.

Cons

• Stellar 1-step account offers leverage up to only 1:30.

Trading Categories

• Forex: All major, minor, and exotic pairs.
• Indices: Includes CFDs such as Dax, Nasdaq, Dow Jones, S&P 500, FTSE.
• Commodities: Crude oil and Brent crude.
• Metals: Silver, Gold.
• Cryptocurrencies: Bitcoin, Ethereum, Cardano, Dogecoin, among others.

Account Sizes

FundedNext offers funded trader accounts ranging from $5,000 to $200,000, expandable to $4,000,000 upon successful trading.

Leverage Ratios

Leverage provided by FundedNext depends on the trading instrument and chosen funding model:

• Evaluation and Express Accounts: Up to 1:100 for Forex, 1:50 for Indices and Commodities, 1:2 for Cryptocurrencies.
• Stellar 1-Step Account: Up to 1:30 for Forex, 1:5 for Indices, 1:10 for Commodities, 1:2 for Cryptocurrencies.
• Stellar 2-Step Account: Up to 1:100 for Forex, 1:20 for Indices, 1:40 for Commodities, 1:2 for Cryptocurrencies.
• Stellar Lite Account: Up to 1:100 for Forex, 1:15 for Indices, 1:25 for Commodities, 1:2 for Cryptocurrencies.

Profit Split

Profit split percentages depend on the selected funding model:

• Express Model: 60% on first withdrawal, 75% on second, 90% thereafter.
• Evaluation Model: Starts at 80%, expandable to 90%.
• Stellar 1-Step Model: Starts at 90%.
• Stellar 2-Step Model: Starts at 80%, expandable to 90%.
• Stellar Lite Model: Starts at 80%, expandable to 90%.

Challenge Programs

FundedNext offers traders various ways to obtain funded accounts through its challenge programs. Here are the details:

Evaluation Challenge

The Evaluation Challenge is one of the processes you can choose to obtain a funded account at FundedNext.

Phase 1

During this phase, you need to achieve profit targets within four trading weeks. Specific details include:

• Daily Maximum Drawdown: 5% of the initial account balance.
• Overall Maximum Drawdown: Less than 10% of the initial account balance.
• Profit Target: 10%.
• Trading Period: Achieve profit targets within four trading weeks.
• Minimum Trading Days: Open trades on at least 5 different trading days.

Phase 2

The profit target in the second phase is lower compared to the first phase, with an extended trading period to achieve the target. Specific details include:

• Daily Maximum Drawdown: 5% of the initial account balance.
• Overall Maximum Drawdown: Less than 10% of the initial account balance.
• Profit Target: 5%.
• Trading Period: Achieve profit targets within eight trading weeks.
• Minimum Trading Days: Open trades on at least 5 different trading days.

Express Fast-Track Challenge

This model differs from the first model as it consists of only one phase without a time limit to achieve profit targets. However, profit targets are correspondingly higher. This model allows traders to obtain a funded account in as quickly as 10 days.

• Daily Maximum Drawdown: 5% of the initial account balance.
• Overall Maximum Drawdown: Less than 10% of the initial account balance.
• Profit Target: 25%.
• Trading Period: No maximum period; achieve profit targets as needed.
• Minimum Trading Days: Open trades on at least 10 different trading days every 4 weeks.

Stellar 1-Step Fast-Track Challenge

This model has only one phase, which traders must complete to obtain a funded account.

• Daily Maximum Drawdown: 3% of the initial account balance.
• Overall Maximum Drawdown: Less than 6% of the initial account balance.
• Profit Target: 10%.
• Trading Period: No maximum period; achieve profit targets as needed.
• Minimum Trading Days: Open trades on at least 2 different trading days.

Stellar 2-Step Fast-Track Challenge

In this challenge, traders must complete two phases to obtain a funded account.

• Daily Maximum Drawdown: 5% of the initial account balance.
• Overall Maximum Drawdown: Less than 10% of the initial account balance.
• Phase 1 Profit Target: 8%; Phase 2 Profit Target: 5%.
• Trading Period: No maximum period; achieve profit targets as needed.
• Minimum Trading Days: Open trades on at least 5 different trading days.

Stellar Lite Fast-Track Challenge

In this challenge, traders must complete two phases to obtain a funded account.

• Daily Maximum Drawdown: 4% of the initial account balance.
• Overall Maximum Drawdown: Less than 8% of the initial account balance.
• Phase 1 Profit Target: 8%; Phase 2 Profit Target: 4%.
• Trading Period: No maximum period; achieve profit targets as needed.
• Minimum Trading Days: Open trades on at least 5 different trading days.

Notes

• Provides 1-step accounts and a 14-day trial period.
• Offers popular trading platforms like MetaTrader 4, MetaTrader 5, and cTrader.
• Allows trading during news releases, except under specific restrictions for the Express Challenge.
• No free repeats, but offers reset discounts.

Overall, FundedNext provides flexible trading conditions and a diverse selection of trading instruments through its various funding models, making it a noteworthy choice for qualified traders.