FundedNext - Taking Prop Trading To The Next Level - The Forex Geek (2024)

Author: The Forex Geek | Published: March 11, 2024

Table of Contents

In an era where the number of prop trading firms is growing relentlessly, a need has arisen for traders to know which prop firm best suits their needs. And with endless options to choose from, FundedNext emerges from the crowd not merely as another entity, but as a revolutionary force in the world of trading. With a mission to reimage the trading landscape and transcend the conventional boundaries of financial markets, FundedNext has slowly and carefully established a trading ecosystem that places the utmost priority on the welfare and success of its traders.

This dedication to nurturing a supportive, caring, and enriching environment has not only helped FundedNext differentiate itself from the multitude of prop firms present today, but has also established it as a pioneering leader in the eyes of the global trading community. With the goal of changing the lives of traders all over the globe, FundedNext has crafted its business model to ensure that the most benefit from it.

Core Values:

At the heart of FundedNext’s business philosophy lies a deep-rooted commitment to transparency, reliability, and the empowerment of every individual trader. This commitment is not just a part of their mission, but something they have embodied completely. By prioritizing the needs and achievements of its traders, FundedNext has become more than just a platform; it has evolved into a beacon of hope and a source of inspiration for traders worldwide, irrespective of whether they are seasoned veterans or newcomers to the world of prop trading.

Profitable & Reliable Payouts:

A trader’s ultimate goal is to earn a living for themselves from trading, maybe even turn it into a full-time gig. This can be difficult, with the low profit-sharing and slow payouts that they face with most prop trading firms. This is why FundedNext has won the hearts of many traders worldwide, due to one of their most commendable features being their approach to profitability and payouts.

FundedNext’s innovative 15% profit-sharing scheme from the Challenge Phase is unique to the industry, with no other prop firms providing any profit-sharing in such evaluation phases. This works as a testament to its trader-centric philosophy, ensuring that traders feel their every effort is adequately rewarded.

And not that’s all, because their brand promise of under 24-hours payouts is the greatest show of unwavering commitment to ensuring that traders’ earnings are processed swiftly and without undue delay. Furthermore, whenever FundedNext is unable to keep its brand promise, they have to offer to pay $1,000 extra to the trader, which has only happened once in its trading legacy. Their consistency in providing the best profitability rates and super fast payouts have skyrocketed their popularity in the prop trading world.

Expansive Features & Add-Ons:

The wide array of features and add-ons available on FundedNext is nothing short of impressive. Catering to a wide range of traders, the platform offers incredible amounts of flexibility, profitability, and speed for an enhanced trading and earning experience. Features such as lifetime 95% profit sharing, 150% refund and weekly withdrawal options are great examples of FundedNext’s understanding of diverse trader needs and its commitment to providing tailored solutions.

Other unique features include their raw spreads and low commissions, which work to attract traders looking for a more accurate and rewarding trading experience. Furthermore, they also approve news trading and offer an add-on for no minimum trading days, reflecting a deep understanding of traders’ needs and the dynamics of global markets.

Innovative Trading Conditions:

FundedNext’s approach to trading conditions, such as the elimination of time limits on the Challenge Phase and the implementation of balance-based drawdowns instead of equity-based drawdowns, showcases their innovative strategy aimed at reducing pressure from traders and enhancing their ability to succeed in their Challenges with enhanced strategic flexibility.

The availability of trading indicators further empowers traders, providing them with the necessary tools and insights to navigate complex market dynamics confidently before committing fully. The Free Trial Accounts are also a powerful tool that allows traders to experience trading on FundedNext servers for free and without risk.

Unwavering Support and User Experience:

The 24/7 professional support offered by FundedNext is top-tier, always ensuring they are providing an uninterrupted and seamless trading experience. This relentless support ensures that traders’ queries and technical issues are always resolved promptly and accurately, allowing them to focus on what they do best: trading. Furthermore, the integration of being able to execute trades directly from the dashboard is another notable feature that enhances user experience through convenience and efficiency.

Commitment to Technological Excellence:

FundedNext’s in-house technological infrastructure represents the pinnacle of trading innovation. Built from the ground up, FundedNext products are created by a team of highly skilled professionals, and due to the in-house nature of these services, they are highly flexible when it comes to readjusting themselves to market changes.

Furthermore, by developing and maintaining its brokerage, FundedNext also ensured better rates and higher security for traders. This in-house approach to technology-enabled FundedNext to stay on top of its game, tailoring its services precisely to traders’ needs and ensuring that that every aspect of the trading experience is optimized for success.

Strategic Global Positioning:

One of FundedNext’s earliest strategic decisions still benefits them to this day, which is operating front the strategic location of the United Arab Emirates. This allowed FundedNext to be positioned as a bridge between Eastern and Western markets, allowing them to offer a truly global trading experience and letting them accommodate traders across various time zones.

This decision also allowed them to take advantage of the UAE’s reputation for economic stability and progressive financial regulations, which further enhanced FundedNext’s position as a reliable and forward-thinking trading platform. Overall, this strategic step brought FundedNext lower costs, better security, and in the eyes of its traders, more reliability.

Building a Supportive Community:

Beyond the tangible features and financial benefits, FundedNext places a significant emphasis on mental and emotional well-being, such as providing free psychology sessions. Furthermore, the cultivation of an integrated dashboard community is another illustration of FundedNext’s holistic approach to trading. These initiatives are designed not just to support traders in their financial endeavors, but also to grow a sense of belonging and community to bring mutual support among the members of their community.

FundedNext also celebrates its inclusive nature through its various affiliate competitions and monthly trading competitions, which offer traders additional avenues for income and recognition in the community. Furthermore, features such as allowing the choice between swap and swap-free accounts demonstrate their respect for diverse trading practices and religious and cultural beliefs. These, although subtle, reinforce FundedNext’s commitment to inclusivity and ethical trading.

Final Thoughts:

In essence, FundedNext is not just a proprietary trading platform; it is a vibrant community dedicated to the success and well-being of its members. Through its innovative features, trader-first approach, and commitment to providing a supportive environment, FundedNext stands as a testament to what is possible when a trading platform truly aligns its interests with those of its traders. As FundedNext continues to grow and evolve, it remains steadfast in its mission to transform the lives of traders around the globe, one trade at a time, proving that in the world of proprietary trading, FundedNext is indeed a cut above the rest.

FundedNext - Taking Prop Trading To The Next Level - The Forex Geek (5)

The Forex Geek

Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.

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FundedNext - Taking Prop Trading To The Next Level - The Forex Geek (2024)

FAQs

How to pass the FundedNext challenge? ›

Traders are required to complete several trading objectives to pass the funding challenge for example, maintaining the drawdown limit, completing the profit target etc. If one of them is violated during the assessment, trader cannot proceed further and they lose their account.

Is FundedNext real or fake? ›

Yes, Fundednext is legit. Once you pass their evaluation phases, you will be funded instantly with a real account to start trading. You can ask for withdrawals anytime and you will be paid within 24hours.

What is the lifetime payout for FundedNext? ›

Lifetime Payout 95% Add-On:

When you opt for this add-on, you are entitled to a 95% payout of your profits. In the Evaluation, Stellar, and Stellar Lite accounts, the initial profit share from the FundedNext account starts from 80%, and for the Express account, the initial profit share starts from 60%.

Which is better, FTMo or FundedNext? ›

There are a few differences between these firms. For one, the FundedNext stellar options allow you to trade during news events unlike FTMO. FundedNext also provide a slightly larger drawdown which is nice. The prices are also lower then FTMO.

What is the maximum permitted loss on FundedNext? ›

Our daily loss limit specifies that you are permitted to lose 5% of your initial account balance on any given day. So here is how the calculation works: Your daily loss limit = Cumulative PnL of your open and close positions for the day.

What is the reputation of FundedNext? ›

It has a 4.7 out of 5.0 rating on Trustpilot based on 6,930 reviews. It is transparent concerning its business model and has held three live events. I appreciate the openness at FundedNext, and my review did not uncover any negatives, malpractice, or fraud about FundedNext.

Which prop firm is the best? ›

The most popular prop trading firms and funded programmes
  • Axi Select.
  • FTMO.
  • The Forex Funder.
  • E8 Markets.
  • True Forex Funds.
  • The 5%ers.
  • Funded Next.

Is funded next regulated in the USA? ›

FundedNext operates independently within the UAE's regulatory framework, and we want to assure all traders that they do not need to worry about the recent regulatory actions in Canada and the United States. Our services remain unaffected, and you can continue trading with confidence.

How much will the $500 K annuity payout? ›

For example, a $500K annuity would immediately provide $2,992 a month to a 65-year-old woman, helping her plan her expenses in retirement. Older individuals receive more, as life expectancy is fewer years; those married jointly receive less, as two people share the income, among other scenarios.

How much will the $1,000,000 annuity payout? ›

If you purchase your $1,000,000 annuity between the ages of 60 – 70 and start taking payments immediately then you can expect to receive between $4,500 and $6,500 per month for the rest of your life or for the time period of your annuity payout.

How many FTMO traders fail? ›

According to FTMO statistics, only about 10% of traders are able to pass the funded account challenge at any account level. This means approximately 90% of aspiring funded traders fail the evaluation and are unable to gain access to the firm's capital.

Which prop firm is better than FTMO? ›

FTMO 's top competitors in May 2024 are: FunderPro, the5ers and more. FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

What is the biggest FTMO payout? ›

Dariusz from the USA exceeded everyone's expectations and made his dreams come true. As our FTMO Trader with a maximum allocation, he beat the previous record payout of $500,180 thanks to his profit of $1,206,225, the biggest payout in the industry! Huge respect for Dariusz.

What is the evaluation challenge in FundedNext? ›

The FundedNext Evaluation Challenge is a tightrope walk that must be completed in a limited time. It's a two-phase process. In Phase 1, you have to achieve a 10% virtual profit target in four weeks. In Phase 2, the virtual profit target lowers to 5%, and the time limit increases to eight weeks.

What is the Express Challenge in funded Next? ›

Express Challenge Account: In the Express Challenge, your goal is to grow your account by 25% over time. Though there is no time limit to reach the 25% target you have to trade in 4-week trading cycles and trade for at least 10 days in each cycle.

What is the payout for FundedNext evaluation? ›

In the Evaluation model, you can get 15% profit during each assessment phase. So you can start earning a profit share as a reward even when you're trading the FundedNext Challenge account.

How long does it take to pass a prop challenge? ›

For most funded trading accounts, it takes around four to five months to pass the screening process or prop firm trading challenge, before funding will be allocated to a trader. However, some prop firm challenges can be passed in a much shorter time, in as little as two days, though this involves using increased risk.

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