FundedNext
FundedNext is a UAE-based proprietary trading firm founded in 2022, offering funded trading accounts from $5,000 to $200,000 with scaling up to $4 million. The firm provides multiple challenge models including Stellar 1-Step, Stellar 2-Step, Stellar Lite, and Stellar Instant funding options.
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Firm Overview
Firm Overview
FundedNext Prop Firm Details
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Instruments and Assets
Access to 70 futures contracts across multiple asset classes and exchanges, providing diverse trading opportunities.
Category | Symbols | Description |
---|---|---|
Forex | EURUSDGBPUSDUSDJPYUSDCHFUSDCADAUDUSDNZDUSDEURGBPEURJPYGBPJPYEURCHFEURAUDEURCADEURNZDGBPCADGBPAUDGBPCHFGBPNZDAUDCADAUDCHFAUDJPYAUDNZDAUDSGDNZDCADNZDCHFNZDJPYNZDSGDCADJPYCADCHFCHFJPYSGDJPYEURHKDEURHUFEURNOKEURSGDEURTRYUSDBRLUSDCNHUSDDKKUSDHKDUSDHUFUSDMXNUSDNOKUSDPLNUSDSEKUSDSGDUSDTRYUSDZARUSDRUBMXNJPYNOKJPYZARJPY | 50 forex pairs including majors, minors and exotics |
Indices | US30SPX500NDX100US2000UK100GER30FRA40EUSTX50NTH25SWI20JP225HK50AUS200 | 18 major global indices |
Commodities | USOUSDUKOUSD | WTI Oil and Brent Oil |
Metals | XAUUSDXAGUSDXPTUSD | Gold, Silver, and Platinum |
Consistency Rules
FundedNext stands out as a proprietary trading firm that emphasizes flexibility and trader autonomy. One of the pivotal aspects that attract traders to FundedNext is the absence of consistency rules on their standard accounts. This policy allows traders to focus on achieving profit targets without the burden of rigid trading patterns.
Key Requirements
FundedNext offers an environment with minimal restrictions, ensuring traders can operate with freedom and confidence. Here are some key elements related to consistency and trading requirements:
- •No consistency rules on standard accounts, providing flexibility in trading styles.
- •Traders must achieve an 8% profit target while adhering to a daily drawdown limit of 5% and a max drawdown limit of 10%.
- •A minimum of 5 trading days is required to ensure adequate trading activity.
- •Despite no consistency mandates, traders must engage in at least one trade to maintain their active status.
The freedom from consistency rules on standard accounts means traders can employ diverse strategies without being penalized for variations in their trading frequency or style. This flexibility is complemented by the lack of restrictions on overnight holding and weekend positions, allowing traders to maintain their trades as they see fit. Furthermore, the permission for news trading on all accounts encourages traders to capitalize on market movements without hesitation.
Impact/Benefits
The absence of consistency rules provides a significant advantage for traders at FundedNext, as it allows them to adapt their strategies to market conditions without the pressure of maintaining uniform trading patterns. This flexibility can lead to increased profitability and a more personalized trading experience. The firm's focus on achieving profit targets rather than enforcing strict consistency rules highlights its commitment to empowering traders to succeed on their terms. This approach not only fosters a supportive and dynamic trading environment but also attracts a diverse range of traders looking for autonomy and growth opportunities.
Firm Rules
FundedNext stands out in the proprietary trading firm landscape by offering a flexible and trader-friendly environment. With a strong emphasis on providing traders with maximum freedom, FundedNext has established a set of rules designed to facilitate a wide variety of trading styles.
Key Trading Rules
FundedNext allows several trading strategies and practices that are often restricted by other firms:
- •News Trading: Traders can engage in news trading on all accounts without restrictions.
- •Scalping: The firm permits scalping, catering to traders who favor high-frequency trading strategies.
- •Expert Advisors: Automated trading through Expert Advisors is allowed, supporting traders who leverage algorithmic strategies.
- •Weekend Holding: Positions can be held over the weekend, offering flexibility in trading strategies.
- •Hedging: Traders can hedge their positions, allowing for sophisticated risk management.
While FundedNext offers considerable freedom, there are certain restrictions in place to ensure fair and compliant trading activities:
- •Prohibited Strategies: Tick scalping, arbitrage, account sharing, one-sided betting, and reverse/latency arbitrage are not allowed.
- •Minimum Trading Activity: Traders must place at least one trade to meet the activity requirement.
- •Stop Loss: There is no mandatory stop loss requirement, offering traders more control over their risk management.
FundedNext provides traders with several unique features that enhance trading flexibility:
- •VPN Usage: Traders are permitted to use VPNs, as long as they comply with the condition that VPN usage is permitted.
- •No Consistency Rules: Standard accounts are free from consistency rules, allowing traders to focus on their strategies without additional constraints.
In summary, FundedNext offers a robust and accommodating trading environment, appealing to a wide range of traders with its flexibility in trading rules and platforms.
Payout Policy
FundedNext is committed to providing competitive and flexible payout options that cater to traders' needs. With a focus on efficiency and fairness, the firm offers a lucrative profit-sharing model and a variety of payout methods, ensuring that traders can access their earnings promptly and securely.
Payout Structure
FundedNext offers a highly competitive profit split, with traders receiving up to 90% of their profits. The specific profit split can vary based on the trading model and any add-ons utilized:
- •Standard Model: 80% profit split
- •Scaled Model: Up to 95% profit split
- •Add-ons available for enhanced profit splits
Timing & Methods
FundedNext provides flexibility in payout schedules and methods to accommodate different trader preferences. Payouts can be requested on-demand or scheduled bi-weekly, offering convenience and adaptability. The firm supports multiple payout methods, including:
- •USDT TRC20
- •Perfect Money
- •Bank transfer
- •Cryptocurrency
Requirements & Benefits
To qualify for payouts, traders must meet a minimum of five trading days. This requirement ensures active engagement in the trading process while remaining accessible to diligent traders. Importantly, there is no minimum payout amount, allowing traders to withdraw their earnings as they see fit.
The first payout is typically delayed for 21 days, but traders can reduce this to 14 days by opting for an available add-on. This flexibility allows traders to manage their funds efficiently, especially at the onset of their trading journey with FundedNext.
Overall, FundedNext's payout policy is designed to maximize trader satisfaction through its generous profit splits, flexible payout options, and efficient processing times. These features make FundedNext a compelling choice for traders seeking a reliable and rewarding proprietary trading firm.
Restricted Countries
Global Access
This firm accepts traders from most countries worldwide. Please check with the firm for specific eligibility requirements.