FundedNext Review (10% Discount: PROPFIRMTRADING)
FundedNext provides forex traders with the opportunity to receive financial empowerment by offering funds of up to $300,000. This support enables traders to pursue full-time trading and facilitates further scalability. Traders can select from four funding program options based on their preferences: the evaluation model, express model, one-step Stellar challenge, and two-step Stellar challenge.
Pros
+ Extensive 2.5 years of pre-launch development
+ Impressive Trustpilot rating: 4.7/5
+ Varied selection of five distinctive funding programs
+ Introduction of Mainline MT5 GrowthNext Server
+ Establishment of Mainline MT4 Incenteco Server
+ Professional Trader Dashboard for enhanced user experience
+ Wide array of trading instruments including Forex pairs, commodities, and indices
+ Leverage options up to 1:100
+ No specific maximum trading period, excluding the Evaluation Model
+ Comprehensive scaling plan for traders
+ Bi-weekly payouts for added financial flexibility
+ Profit-sharing ranging from 60% to 95%
+ 15% profit split from demo phases
+ Overnight and weekend holding permitted
+ News trading allowed, except for the Consistency Express Model
+ Provision of swap-free accounts
+ No commission fees on indices
+ Balance-based drawdown mechanism
+ Access to trading psychologists for additional support
Cons
– Minimum trading day requirements set at 5 days
– Evaluation Model imposes a maximum trading period
– Higher 25% profit target with Consistency & Non-Consistency Express Model
– News trading not permitted with Consistency Express Model
– Consistency rule applicable for the Consistency Express Model
FundedNext champions the triumph of traders in their trading pursuits by giving priority to individuals who exhibit discipline, adept risk management, and a dedication to sustained consistency in their trading journeys. Traders are presented with the prospect of earning significant profits, offering them the flexibility to handle account sizes of up to $200,000 and enjoy profit splits of up to 95%. This achievement is made possible through the trading of diverse financial instruments such as forex pairs, commodities, and indices.
Who are FundedNext?
FundedNext, legally known as GrowthNext F.Z.C, is a proprietary trading firm established on March 18, 2022. Headquartered in Dubai, United Arab Emirates, it is under the leadership of CEO Abdullah Jayed. FundedNext offers traders the flexibility to choose from five account types, including two two-step evaluations and three one-step evaluations. The firm has developed its own servers, namely MetaTrader 4 Incenteco and MetaTrader 5 GrowthNext, providing a platform for traders to hone their skills.
FundedNext’s main office is situated at Office no. 7, AI Robotics HUB, C1 Building, AFZ, Ajman, United Arab Emirates.
Who is the CEO of FundedNext?
Abdullah Jayed stands out globally as a highly promising young entrepreneur in both the digital sector and the retail trading industry. In 2016, he established Jayed Corp with the vision of creating global employment opportunities and simplifying people’s lives.
Abdullah Jayed is renowned for founding successful projects such as Growth Alliance, MoneyBackFX, and eComChef, all of which swiftly became market leaders. Building on his achievements in the retail trading industry, he ventured into founding FundedNext, a multi-million dollar proprietary trading firm that has become an appealing prospect in the industry.
At the core of Jayed’s philosophy is the belief that every ambitious individual, especially the youth, should pursue their dreams to achieve their goals. This ethos is evident in his FundedNext project, where he encourages traders with robust strategies to undergo evaluation, granting them access to increased capital and percentage-based profit splits as a reward for their dedication.
For those interested in keeping up with Abdullah Jayed’s activities, they can follow him on Instagram and LinkedIn for regular updates on his daily endeavors.
Funding program options
FundedNext provides its traders with five unique funding program options:
Account Size and Price (Standard and Swap-Free)
– $15,000 – $119 – $131
– $25,000 -$199 – $219
– $50,000 – $299 – $329
– $100,000 – $519 – $571
– $200,000 – $999 – $1,099
FundedNext’s Two-step Stellar Challenge presents traders with the opportunity to manage account sizes ranging from $6,000 to $200,000. The primary goal is to identify skilled traders who can demonstrate profitability and effective risk management throughout the two-step evaluation process. This challenge allows participants to trade with leverage up to 1:100.
Evaluation Phase One:
Profit target: 8%
Maximum daily loss: 5%
Maximum loss: 10%
No specific maximum trading day requirements
Minimum of five trading days to proceed to phase two
Evaluation Phase Two:
Profit target: 5%
Maximum daily loss: 5%
Maximum loss: 10%
No specific maximum trading day requirements
Minimum of five trading days to progress to a funded account
Upon successful completion of both evaluation phases, traders receive a funded account with no minimum withdrawal requirements. They need to adhere to the 5% maximum daily loss and 10% maximum loss rules. The first payout occurs 14 calendar days from the day of placing the first position on the funded account, with subsequent withdrawals available bi-weekly. The profit split ranges from 80% to 90% based on the profit made on the funded account. Additionally, a 15% profit share is granted based on the profit earned in each evaluation phase upon achieving a 5% return on the funded account.
Add-ons for FundedNext’s Two-step Stellar Challenge:
– 95% Lifetime Profit Split
Two-step Stellar Challenge Scaling Plan
– The scaling plan allows traders to increase their account size by 40% of the initial amount if they demonstrate profitability for at least two out of the last four months. The profit split increases to 90% after the trader scales the Two-step Stellar Challenge for the first time.
Example:
After 4 Months: A qualified $100,000 account increases to $140,000.
After the Next 4 Months: A qualified $140,000 account increases to $180,000.
After the Next 4 Months: A qualified $180,000 account increases to $220,000.
Two-step Stellar Challenge Trading Rules & Objectives:
Profit Target: Traders must achieve a designated profit percentage for each evaluation phase.
Maximum Daily Loss: Limited to 5% for all account sizes.
Maximum Loss: Limited to 10% for all account sizes.
Minimum Trading Days: Both evaluation phases require a minimum of 5 days of trading. Funded accounts do not have specified profit targets.
Account Sizes and Prices (Standard and Swap-free)
– $6,000 – $59 – $65
– $15,000 – $119 – $131
– $25,000 – $199 – $219
– $50,000 – $299 – $329
– $100,000 – $519 – $571
– $200,000 – $999 – $1,099
FundedNext’s One-step Stellar Challenge presents traders with the opportunity to manage account sizes ranging from $6,000 to $200,000. The primary objective is to identify disciplined and profitable traders who can effectively manage risk during a one-step evaluation period. Traders in the One-step Stellar Challenge can utilize leverage up to 1:30.
Evaluation Phase:
– Profit target: 10%
– Maximum daily loss: 3%
– Maximum loss: 6%
– No specified maximum trading day requirements
– Minimum of five trading days required to proceed to a funded account
Upon successful completion of the evaluation phase, traders receive a funded account with no minimum withdrawal requirements. Traders are required to adhere to the 3% maximum daily loss and 6% maximum loss rules. The first payout occurs 14 calendar days from the day of placing the first position on the funded account, with subsequent withdrawals available bi-weekly. The profit split ranges from 80% to 90%, based on the profit made on the funded account. Additionally, traders receive a 15% profit share based on the profit earned in the evaluation phase upon achieving a 5% return on the funded account.
Add-ons for FundedNext’s One-step Stellar Challenge:
– 95% Lifetime Profit Split
– Weekly Payouts
One-step Stellar Challenge Scaling Plan
– The scaling plan allows traders to increase their account size by 40% of the initial amount if they demonstrate profitability for at least two out of the last four months. The profit split increases to 90% after the trader scales the One-step Stellar Challenge for the first time.
Example:
– After 4 Months: A qualified $100,000 account increases to $140,000.
– After the Next 4 Months: A qualified $140,000 account increases to $180,000.
– After the Next 4 Months: A qualified $180,000 account increases to $220,000.
One-step Stellar Challenge Trading Rules & Objectives:
– Profit Target: Traders must achieve a designated profit percentage for successful completion, withdrawal, or scaling.
– Maximum Daily Loss: Limited to 3% for all account sizes.
– Maximum Loss: Limited to 6% for all account sizes.
– Minimum Trading Days: The evaluation phase requires a minimum of 5 days of trading. Funded accounts do not have specified profit targets.
Account Sizes and Prices (Standard and Swap-Free)
– $6,000 – $49 – $54
– $15,000 – $99 – $109
– $25,000 – $199 – $219
– $50,000 – $299 – $329
– $100,000 – $549 – $604
– $200,000 – $999 – $1,099
Evaluation phase one mandates traders to achieve a 10% profit target without exceeding a 5% maximum daily loss or violating the 10% maximum loss rules. Within a time frame of 4 weeks, traders must meet the profit target during phase one and engage in a minimum of 5 calendar days of trading to advance to phase two.
Evaluation phase two necessitates traders to attain a 5% profit target while adhering to a 5% maximum daily loss and a 10% maximum loss. Phase two allows 8 weeks to reach the profit target, and traders must trade for a minimum of 5 calendar days to progress to a funded account.
Upon successfully completing both evaluation phases, traders earn a funded account with no minimum withdrawal requirements. Traders must adhere to the 5% maximum daily loss and 10% maximum loss rules. The first payout occurs 14 calendar days after placing the first position on the funded account, with subsequent withdrawals available bi-weekly. The profit split ranges from 80% to 90% based on the profit made on the funded account. Additionally, traders receive a 15% profit share based on the profit earned in each evaluation phase upon achieving a 5% return on the funded account.
Add-ons for FundedNext’s Evaluation Model:
– 95% Lifetime Profit Split
Evaluation Model Scaling Plan
– The Evaluation Model includes a scaling plan. If a trader is profitable for at least two out of the last four months with either an average return of 10% over the three-month period or a 2.5% return each month during the four-month period, they become eligible for an account size increase equal to 40% of the initial account size. The profit split increases to 90% after the trader scales their Evaluation Model for the first time.
Example:
– After 4 Months: A qualified $100,000 account increases to $140,000.
– After the Next 4 Months: A qualified $140,000 account increases to $180,000.
– After the Next 4 Months: A qualified $180,000 account increases to $220,000.
Evaluation Model Trading Rules & Objectives:
– Profit Target: Traders must achieve a designated profit percentage for successful completion, withdrawal, or scaling.
– Maximum Daily Loss: Limited to 5% for all account sizes.
– Maximum Loss: Limited to 10% for all account sizes.
– Minimum Trading Days: Both evaluation phases require a minimum of 5 days of trading.
– Maximum Trading Period: Evaluation phase one has a maximum trading period of 4 weeks, while phase two has a maximum of 8 weeks.
Account Sizes and Prices (Standard and Swap-Free)
– $6,000 – $49 – $54
– $15,000 – $99 – $109
– $25,000 – $199 – $219
– $50,000 – $299 – $329
– $100,000 – $549 – $604
– $200,000 – $999 – $1,099
FundedNext’s Consistency Express Model offers traders the opportunity to manage account sizes ranging from $6,000 to $200,000, aiming to identify disciplined and profitable traders proficient in risk management throughout a one-step evaluation period. The Consistency Express Model allows traders to leverage up to 1:100.
Evaluation Phase:
– Profit target: 25%
– Maximum daily loss: 5%
– Maximum loss: 10%
– No specified maximum trading day requirements
– Minimum of 10 trading days required to proceed to a funded account
– Consistency rule enforced during the evaluation phase, emphasizing uniformity in trading habits for consistent profit accumulation until the 25% profit target is achieved
– Traders receive a 15% profit share based on profits generated during the evaluation phase within each 4-week trading cycle until the 25% profit target is reached
Upon successfully completing the evaluation phase, traders receive a funded account with no minimum withdrawal requirements, and they must adhere to the 5% maximum daily loss and 10% maximum loss rules. The consistency rule continues to be mandatory even after securing funding. Traders are required to engage in trading for a minimum of 10 days within each monthly trading cycle.
Profit Split for Withdrawals:
– Initial profit split: 60%
– Second withdrawal: Profit split increases to 75%
– Third withdrawal and onward: Profit split reaches a final 90%
Add-ons for FundedNext’s Consistency Express Model:
-95% Lifetime Profit Split
Consistency Express Model Scaling Plan
– The Consistency Express Model includes a scaling plan, enabling traders to increase their account size by 40% of the initial amount if they demonstrate profitability for at least two out of the last four months. The scaling plan enhances the profit split to 90% after the trader scales their Consistency Express Model for the first time.
Example:
– After 4 Months: A qualified $100,000 account increases to $140,000.
– After the Next 4 Months: A qualified $140,000 account increases to $180,000.
– After the Next 4 Months: A qualified $180,000 account increases to $220,000.
Consistency Express Model Trading Rules & Objectives:
– Profit Target: Traders must achieve a designated profit percentage for successful completion, withdrawal, or scaling, with the evaluation phase’s target set at 25%.
– Maximum Daily Loss: Limited to 5% for all account sizes.
– Maximum Loss: Limited to 10% for all account sizes.
– Minimum Trading Days: The evaluation phase requires a minimum of 10 days of trading. Traders are also required to trade a minimum of 10 days in each monthly trading cycle.
– No Weekend Holding: Traders are prohibited from holding trades during the weekend, necessitating closure before the Friday market close.
– No News Trading: Traders are prohibited from trading during high-impact news releases.
– Consistency Rule: Mandates uniformity in various aspects, including position sizes, risk management, losses, gains, with a focus on maintaining consistent account characteristics. The three main objectives are the number of trading days, the number of trades, and lot sizes.
Account Sizes and Prices (Standard and Swap-Free)
– $6,000 – $59 – $65
– $15,000 – $119 – $131
– $25,000 – $229 – $252
– $50,000 – $379 – $417
– $100,000 – $699 – $769
FundedNext’s Non-Consistency Express Model extends an opportunity for traders to manage account sizes ranging from $6,000 up to $100,000, aiming to identify disciplined and profitable traders proficient in risk management throughout a one-step evaluation period. The Non-Consistency Express Model allows traders to leverage up to 1:100.
Evaluation Phase:
– Profit target: 25%
– Maximum daily loss: 5%
– Maximum loss: 10%
– No specified maximum trading day requirements
– Minimum of 10 trading days required to proceed to a funded account
– Traders receive a 15% profit share based on profits generated during the evaluation phase within each 4-week trading cycle until the 25% profit target is reached
Upon successfully completing the evaluation phase, traders receive a funded account with no minimum withdrawal requirements. Traders must adhere to the 5% maximum daily loss and 10% maximum loss rules. Additionally, traders are required to engage in trading for a minimum of 10 days within each monthly trading cycle.
Profit Split for Withdrawals:
– Initial profit split: 60%
– Second withdrawal: Profit split increases to 75%
– Third withdrawal and onward: Profit split reaches a final 90%
Add-ons for FundedNext’s Non-Consistency Express Model:
– 95% Lifetime Profit Split
Non-Consistency Express Model Scaling Plan
– The Non-Consistency Express Model includes a scaling plan, allowing traders to increase their account size by 40% of the initial amount if they demonstrate profitability for at least two out of the last four months. The scaling plan enhances the profit split to 90% after the trader scales their Non-Consistency Express Model for the first time.
Example:
– After 4 Months: A qualified $100,000 account increases to $140,000.
– After the Next 4 Months: A qualified $140,000 account increases to $180,000.
– After the Next 4 Months: A qualified $180,000 account increases to $220,000.
Non-Consistency Express Model Trading Rules & Objectives:
– Profit Target: Traders must achieve a designated 25% profit percentage for successful completion, withdrawal, or scaling; funded accounts do not have specified profit targets.
– Maximum Daily Loss: Limited to 5% for all account sizes.
– Maximum Loss: Limited to 10% for all account sizes.
– Minimum Trading Days: The evaluation phase requires a minimum of 10 days of trading. Traders are also required to trade a minimum of 10 days in each monthly trading cycle.
– No News Trading: Traders are prohibited from trading during high-impact news releases.
– Consistency Rule: Although not enforced, traders are encouraged to maintain uniformity in various aspects, such as position sizes, risk management, losses, gains, with a focus on consistent account characteristics. The three main objectives are the number of trading days, the number of trades, and lot sizes.
Payment Verification
FundedNext, a proprietary trading firm established on March 18, 2022, boasts a thriving community of traders who have achieved funded status and successfully qualified for profit splits.
Upon reaching funded status through FundedNext‘s Two-step Stellar Challenge, One-step Stellar Challenge, Evaluation Model, Consistency Express Model, or Non-Consistency Express Model, traders become eligible for their first payout after 14 calendar days. Subsequently, payouts are available every 14 calendar days if the trader surpasses the initial account size. The profit split ranges from a generous 80% up to 95%, contingent on the profits generated on the funded account.
For concrete evidence of FundedNext‘s payment reliability, various platforms showcase payment proof. Trustpilot, for instance, features comments from traders sharing their experiences with the company and detailing the process of successfully receiving payouts. Additionally, FundedNext‘s Discord channel, YouTube channel, and Instagram page serve as sources of payment proof, displaying numerous payout certificates and interviews with the most successful traders.
View examples of payout certificates and payment proof in the images provided below.
Conclusion
In summary, FundedNext stands out as a reputable and reliable proprietary trading firm, offering traders a choice among five distinctive funding programs: the Two-step Stellar Challenge and Evaluation Model with two-step evaluations, and the One-step Stellar Challenge, Consistency Express Model, and Non-Consistency Express Model with one-step evaluations.
Two-step evaluation with realistic profit targets (8% in phase one, 5% in phase two).
Adherence to 5% maximum daily and 10% maximum loss rules.
No maximum trading day requirements during evaluation phases, but a minimum of 5 calendar days.
Features a scaling plan for increasing the initial account balance.
One-step Stellar Challenge:
One-step evaluation with a practical 10% profit target.
Adherence to 3% maximum daily and 6% maximum loss rules.
No maximum trading day requirements during the evaluation phase, but a minimum of 5 calendar days.
Includes a scaling plan for boosting the initial account balance.
Evaluation Model:
Two-step evaluation with achievable profit targets (10% in phase one, 5% in phase two).
Adherence to 5% maximum daily and 10% maximum loss rules.
Minimum trading day requirement of 5 days during both evaluation phases.
Maximum trading period of 4 weeks in phase one and 8 weeks in phase two.
Features a scaling plan for increasing the initial account balance.
One-step evaluation with a challenging 25% profit target.
Adherence to 5% maximum daily and 10% maximum loss rules.
No maximum trading day requirements during the evaluation phase, but a minimum of 10 calendar days.
Enforces a consistency rule and prohibits weekend holding.
Includes a scaling plan for boosting the initial account balance.
Non-Consistency Express Model:
– One-step evaluation with a demanding 25% profit target.
Adherence to 5% maximum daily and 10% maximum loss rules.
No maximum trading day requirements during the evaluation phase, but a minimum of 10 calendar days.
Features a scaling plan for increasing the initial account balance.
For individuals seeking a reputable proprietary trading firm catering to diverse trading styles, FundedNext is recommended. With unique features, including add-ons for specific Challenge accounts, an unlimited trading period (except the Evaluation Model), bi-weekly withdrawals, and a 15% profit share from demo phases, FundedNext stands out as an industry-leading prop firm.
FundedNext Review (10% discount: PROPFIRMTRADING) Details
Trading Platforms
Deposit Methods
Bank Transfer, Crypto, Debit/Credit Card, Perfect Money
Withdrawal Methods
Bank Transfer, Crypto, Perfect Money, Wise
Account Size
$6.000, $15.000, $25.000, $50.000, $100.000, $200.000
Tradable Instruments
Commodities, Forex, Indices,
Rules
Consistency rule, Maximum Daily Loss, Maximum Loss, Maximum Trading Period, Minimum Trading Days, No News Trading, No Weekend Holding, Profit Target
Brokers
GrowthNext, Incenteco
Account Currencies
USD
Trading Programs
Two Step Challenge, One Step Challenge
Incorporation
March 2022
CEO
Abdullah Jayed
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