REVIEW
Funded Next
Title: “FundedNext Review: Uncovering the Future of Innovation and Entrepreneurship”
MetaTitle: “Empowering Novice Traders: Up to $300K Funding Opportunity by FounderNext for Trading Progression with Evaluation, Express, Stellar Challenges”
FoundedNext extends funding opportunities of up to $300,000 to support novice traders in their inaugural foray into the trading realm, facilitating their advancement during the initial phases. Traders are presented with a selection of four distinct funding avenues: the Evaluation Model, Express Model, One-Step Stellar Challenge, and Two-Step Stellar Challenge.
Boasting a development span exceeding two and a half years, FoundedNext stands as a reputable entity delivering financial solutions to individuals on a global scale. The company maintains a diverse presence across various locations, specializing in the provision of funding alternatives tailored to aspiring traders.
FoundedNext fosters an environment where clients are encouraged to aspire to achieve success as traders, emphasizing individuals exhibiting discipline, adept risk management skills, and a steadfast long-term perspective. This dedication to excellence is evident in their strategic scaling plan, affording traders the potential to access substantial opportunities, capped at a maximum of $4,000,000. Depending on the chosen funding option, traders have the prospect of earning a profit share ranging from 60% to 90%. These remarkable outcomes are attainable through engaging in trading activities encompassing forex pairs, commodities, and indices.
Who are them?
FundedNext, an exclusive proprietary trading firm, officially commenced operations on March 18, 2022, with the primary objective of providing clients with a favorable and advantageous trading environment. The firm offers a diverse range of four unique funding models, namely Two-step Stellar, One-step Stellar, Evaluation, and Express. Noteworthy is the global presence of FundedNext through physical offices in key locations, including the United Arab Emirates, the United States, the United Kingdom, and Bangladesh. The firm facilitates trader capital allocation of up to $4,000,000, accompanied by a maximum profit split of 90%. FundedNext strategically aligns itself with the esteemed brokerage firm Eightcap, and its headquarters is situated in the United Arab Emirates at the precise address AI Robotics HUB, C1 Building, AFZ, Ajman.
Abdullah Jayed, the CEO of FounderNext, leads an immensely successful proprietary trading firm with a robust financial standing, earning global recognition as a skilled young entrepreneur in both the digital sector and retail trading industry. Since its establishment in 2016, FounderNext has been dedicated to creating employment opportunities worldwide and simplifying people’s lives.
Jayed’s entrepreneurial prowess is evident in his noteworthy ventures, including Growth Alliance, MoneyBackFX, and eComChef, all swiftly rising to prominence in their respective markets. Under his leadership, FounderNext has garnered substantial acclaim as an attractive entity in the trading firm industry.
At the heart of Jayed’s philosophy is the belief that every aspiring individual should fervently pursue their dreams to achieve their goals. This principle is manifested within FounderNext, where he actively encourages young and inexperienced traders to test their skills through well-defined trading strategies, nurturing their path to success.
For those desiring deeper insights into Jayed and his company, regular updates on his daily activities are available through his social media profiles, particularly on Instagram and LinkedIn.
Funding Option
As mentioned previously there are four different types of funding options:
- Two-step Stellar challenge model
- One-step Stellar challenge model
- Evaluation model
- Express model
Two-step Stellar Challenge model
This model has been meticulously designed to identify proficient and dedicated traders, duly rewarding them for sustaining consistency throughout a two-phase challenge period. The program facilitates trading with a leverage ratio of 1:100.
During the initial phase of the challenge, traders are obligated to achieve an 8% profit target while adhering to a 5% maximum daily loss and a 10% maximum loss limit. There are no stringent requirements for daily trading frequency in this phase; however, traders must complete a minimum of five trading days to progress to phase two.
Phase two necessitates traders to attain a 5% profit target, maintaining the same 5% maximum daily loss and 10% maximum loss constraints. Similar to phase one, there are no specific obligations regarding daily trading frequency, but a minimum of five trading days is required to advance to a fully funded account.
Upon successful completion of both phases, traders gain access to a fully funded account with no specific profit target. However, they are expected to adhere to the 5% maximum daily loss and 10% maximum loss guidelines. The initial profit split is set at 80%, based on the generated profits, and traders receive a 15% profit share related to the profits earned during the two-phase challenge, in addition to their initial payout. Subsequent payouts will be disbursed on a bi-weekly basis.
The scaling plan for this challenge involves achieving a profit target of 10% or more within four months, with two months of consecutive profits, and the last month concluding in a profit. Meeting these criteria results in a 40% account increase from the original amount, with the potential to grow the account balance up to $4,000,000. Additionally, the profit split increases to 90% when traders scale their accounts for the first time.
Example:
After 4 months: A $200,000 account increases to $280,000.
After the next 4 months: The balance of $280,000 increases to $360,000.
After the subsequent 4 months: The balance of $360,000 increases to $440,000.
And so forth…
Trading instruments for the two-step Stellar challenge model accounts include forex pairs, commodities, and indices.
Rules for the two-step Stellar challenge model:
The profit target denotes a specific percentage of profit that traders must achieve to successfully complete an evaluation phase, withdraw profits, or expand their account. In Phase 1, the profit target is set at 8%, while Phase 2 has a profit target of 5%. It is important to note that funded accounts are not subject to profit targets.
The maximum daily loss represents the highest allowable loss within a single day before the account is considered in violation. Across all account sizes, there is a uniform maximum daily loss limit of 5%.
The maximum loss indicates the highest permissible overall loss before the account is deemed in violation. Similar to the maximum daily loss, all account sizes adhere to a maximum loss threshold of 10%.
The minimum trading days signify the minimum duration that traders must actively engage in trading before they are eligible to complete a challenging phase or request a withdrawal. Both phases require a minimum of 5 trading days to be fulfilled.
One-step Stellar Challenge model
The one-step Stellar Challenge Model account offers traders the opportunity to fulfill challenge requirements without a specified limit on the number of trading days, coupled with a leverage of up to 1:30.
During the one-step Stellar Challenge Model phase, traders are obligated to attain a 10% profit target while adhering to a maximum daily loss of 3% and an overall loss cap of 6%. This account category allows for unlimited trading days, providing traders the flexibility to determine their pace, with a prerequisite of a minimum of 5 trading days per month. It is noteworthy that this account type does not impose consistency rules, allowing traders considerable flexibility in pursuit of their profit objectives.
Upon successful completion of the one-step Stellar Challenge Model phase, participants receive a funded account without predefined profit targets. However, adherence to guidelines specifying a maximum daily loss of 3% and an overall loss limit of 6% is required. This account type also dispenses with the necessity for trading consistency, though a minimum engagement of 5 trading days per month is obligatory.
Under this arrangement, the initial profit split is 80% based on generated profits. Additionally, traders are entitled to a 15% profit share from challenge phase earnings, constituting the first payout. It is crucial to observe that the profit split increases to 90% after the initial scaling of the account.
The One-step Stellar Challenge Model accounts feature a scaling plan that necessitates achieving a 10% or higher profit target within a four-month timeframe. To fulfill this criterion, two of the four months must yield profits, and the final month must conclude positively. Successful completion results in an account increase equivalent to 40% of the initial balance, with the potential to boost the account balance to a maximum of $4,000,000.
Example:
After 4 months: If the account starts with $25,000, the balance will increase to $35,000.
After the next 4 months: The balance of $35,000 will increase to $45,000.
After the subsequent 4 months: The balance of $45,000 will increase to $55,000.
And so forth…
Trading instruments for one-step Stellar Challenge Model accounts encompass forex pairs, commodities, and indices.
Rules for the one-step Stellar Model:
The profit target signifies a predetermined percentage of profit necessary to successfully conclude an evaluation phase, initiate profit withdrawals, or expand trading accounts. The profit target during the challenge period is set at 10%, while funded accounts lack specific profit targets.
The maximum daily loss represents the upper limit of losses traders can incur in a single day before their account is deemed in violation. Across all account sizes, there is a standardized maximum daily loss threshold of 3%.
The maximum loss denotes the highest permissible aggregate loss before an account is considered in violation. All account sizes adhere to a maximum loss limit of 6%.
The minimum trading days requirement mandates the minimum duration for which traders must engage in trading activities before concluding a challenging phase or initiating a withdrawal. A minimum of 5 trading days is required during the challenge period, with an additional minimum of 5 trading days within each monthly trading cycle.
Evaluation Model
The evaluation model account has been devised to identify and reward proficient and consistent traders through a dual-phase evaluation process. In the initial phase, traders are permitted to engage in trading with a leverage of 1:100. Within this phase, traders are expected to attain a 10% profit target while adhering to a 5% maximum daily loss and a 10% maximum loss constraint. Meeting this profit target is imperative within a 30-day timeframe from the commencement of trading on the evaluation account, and a minimum of five trading days must be fulfilled to progress to the second phase.
In the subsequent phase of the evaluation, traders are required to meet a 5% profit target while upholding the 5% maximum daily loss and 10% maximum loss parameters. This profit target must be achieved within a 60-day duration from the initiation of the first trade on the evaluation account, and once again, a minimum of five trading days must be satisfied to advance to a funded account.
Upon successful completion of both evaluation phases, traders will be granted a funded account exempt from profit targets. However, the 5% maximum daily loss and 10% maximum loss restrictions must still be observed. Initially, traders will receive 80% of the profits they generate as their initial profit split. Additionally, a 15% profit share, contingent on the profits attained in each evaluation phase, will be included in the initial payout. Subsequent payouts will be made on a bi-weekly basis.
The evaluation model accounts also incorporate a scaling plan. To qualify for scaling, traders must achieve a profit of 10% or more within a four-month period, with at least two of those months being profitable and the final month concluding in profit. Fulfilling these criteria will augment the trader’s account balance by 40% of the original amount, with the potential to elevate the account balance up to $4,000,000. Moreover, the profit split will increase to 90% following the first account scaling.
Example:
After 4 months: If you have a $200,000 account, your account balance will increase to $280,000.
After the next 4 months: The balance of $280,000 will increase to $360,000.
After the subsequent 4 months: The balance of $360,000 will increase to $440,000.
And so forth…
The trading instruments for the evaluation program accounts include forex pairs, commodities, and indices.
Guidelines for Evaluation Model Account
The profit target denotes a predetermined percentage of profit that traders must attain to successfully complete an evaluation phase, withdraw profits, or expand their accounts. Phase 1 requires a profit target of 10%, while Phase 2 sets a target of 5%. It is crucial to emphasize that funded accounts do not entail profit targets.
The maximum daily loss signifies the highest acceptable loss that traders can incur within a single day before their account is considered in violation. Across all account sizes, there exists a uniform maximum daily loss limit of 5%.
The maximum loss indicates the highest permissible overall loss that traders can experience before their account is deemed in violation. Similar to the maximum daily loss, all account sizes adhere to a maximum loss threshold of 10%.
The minimum trading days represent the minimum duration during which traders are obligated to actively engage in trading before becoming eligible to complete an evaluation phase or request a withdrawal. Both phases necessitate a minimum of 5 trading days.
Furthermore, there are maximum trading day limits, requiring traders to achieve a specific profit target or withdrawal target within a defined period. Phase 1 allows a maximum trading period of 30 days, while Phase 2 grants a maximum trading period of 60 days.
Express Model
Consistency Express Model Account:
The account provided by the Consistency Express model enables traders to satisfy one-step evaluation criteria without limitations on the number of trading days, offering leverage up to 1:100. Throughout the evaluation phase, traders must achieve a 25% profit target, maintaining a strict maximum daily loss of 5% and an overall maximum loss limit of 10%. The evaluation period imposes no specific time constraints, affording traders the flexibility to take the necessary time, but they are obligated to participate in a minimum of 10 trading days monthly. Additionally, traders must adhere to the consistency rule, emphasizing uniform trading practices and steady profit generation until the profit target is met.
Upon successful completion of the evaluation phase, traders obtain a funded account. While no specific profit targets apply to funded accounts, traders must still adhere to the 5% maximum daily loss and 10% maximum loss rules. Importantly, the consistency rule persists even in the funded account stage. Traders are required to engage in a minimum of 10 trading days per month. Initially, the profit split is set at 60% based on generated profits, with a 15% profit share from evaluation phase profits as the first payout. Subsequently, the profit split increases to 75% after the first withdrawal and reaches a final split of 90% after the second withdrawal.
The Consistency Express model incorporates a scaling plan. Traders must achieve a profit target of 10% or more within four months, with two of those months yielding profits, and the final month concluding with a profit. Meeting these criteria makes traders eligible for an account increase equal to 40% of the original balance, with the potential for further increases up to $4,000,000.
Example:
After 4 months: If you have a $100,000 account, your balance increases to $140,000.
After the next 4 months: The $140,000 balance increases to $180,000.
After the subsequent 4 months: The $180,000 balance increases to $220,000.
And so forth…
The Consistency Express model’s trading instruments include forex pairs, commodities, and indices.
Rules for the Consistency Express Model Account:
- Profit Target: Represents a specific percentage of profit required during the evaluation phase (25%), with no profit targets for funded accounts.
- Maximum Daily Loss: Denotes the highest allowable daily loss (5%) uniformly applied across all account sizes.
- Maximum Loss: Indicates the highest permissible overall loss (10%) consistent across all account sizes.
- Minimum Trading Days: Specifies the minimum number of active trading days, set at a minimum of 10 during the evaluation period and subsequent monthly cycles.
- No Weekend Holding: Prohibits traders from maintaining open positions during weekends.
- No News Trading: Restricts trading activities during high-impact news releases, with a 5-minute window before and after such events.
Non-Consistency Express Model Account:
The Non-consistency Express model account provides traders the opportunity to fulfill one-step evaluation criteria without limitations on the number of trading days and with leverage up to 1:100. During the evaluation phase, traders must achieve a 25% profit target while adhering to a maximum daily loss of 5% and an overall maximum loss of 10%. Unlike other account types, there are no specific prerequisites regarding the number of trading days, granting traders the flexibility to determine the duration of their trading activities. However, they must complete a minimum of 10 trading days per month during the evaluation period. Importantly, this account type does not impose any consistency rules, allowing traders considerable flexibility to trade as they work toward achieving their profit target.
Upon successfully completing the Non-consistency Express model evaluation phase, traders receive a funded account equivalent to 25% of the initial challenge amount. In practical terms, if a trader successfully passes the $100,000 Non-consistency Express model evaluation, they will receive a funded account with a balance of $25,000. This account type doesn’t have specific profit targets, but traders must still observe the 5% maximum daily loss and 10% maximum loss rules. Similar to the evaluation phase, there are no consistent rules governing trading activities. Nevertheless, traders are required to engage in a minimum of 10 trading days during each monthly trading cycle.
During the initial profit-sharing arrangement, traders are entitled to 60% of the profits they generate. Additionally, they receive a 15% profit share based on the profits earned during the evaluation phase as their first payout. After the first withdrawal, the profit split increases to 75%, and after the second withdrawal, it reaches the final profit split of 90%.
Scaling plans are also applicable to Non-consistency Express model accounts. Traders must achieve a profit target of 10% or more within a four-month timeframe, with at least two of the four months being profitable and the final month concluding with a profit. Upon meeting these requirements, traders receive an account balance increase of 40% of the original account balance, with the potential to further augment the account balance up to $4,000,000.
Example:
After 4 months: If you have a $25,000 account, your balance increases to $35,000.
After the next 4 months: The $35,000 balance increases to $45,000.
After the subsequent 4 months: The $45,000 balance increases to $55,000.
And so forth…
The Non-consistency Express model’s trading instruments include forex pairs, commodities, and indices.
Rules for the Non-Consistency Express Model Account:
- Profit Target: Represents a predetermined percentage of profit required during the evaluation phase (25%), with funded accounts exempt from profit targets.
- Maximum Daily Loss: Denotes the highest allowable daily loss (5%) uniformly applied across all account sizes.
- Maximum Loss: Indicates the highest permissible overall loss (10%) consistent across all account sizes.
- Minimum Trading Days: Specifies the minimum number of active trading days, set at a minimum of 10 during the evaluation period and subsequent monthly cycles.
- No News Trading: Prohibits trading activities during periods of high-impact news releases, with restrictions applicable during both the evaluation period and funded status.
What's makes it different from other prop firm?
FundedNext differentiates itself from other prominent proprietary trading firms by providing a range of unique funding models, namely the Two-step Stellar, One-step Stellar, Evaluation, and Express models. What further sets FundedNext apart is its transparent and adaptable approach to trading regulations.
Compared to conventional proprietary trading firms, the Two-step Stellar challenge model at FundedNext stands out due to its distinctive funding structure. This model necessitates traders to successfully complete two sequential phases before becoming eligible for payouts. Phase one involves achieving an 8% profit target, followed by phase two with a 5% profit target. Both phases are governed by rules limiting maximum daily loss to 5% and maximum overall loss to 10%. Importantly, there are no specific requirements regarding the maximum number of trading days, but a minimum trading period of 5 calendar days is obligatory. The Two-step Stellar challenge model also incorporates a scaling plan. Notably, FundedNext’s profit targets are relatively modest compared to other leading proprietary trading firms, and they impose no restrictions on the maximum number of trading days.
In contrast to other proprietary trading firms, FundedNext presents the One-step Stellar challenge model, functioning as a comprehensive evaluation program. Traders only need to complete a single phase to qualify for payouts. In this evaluation phase, the profit target is set at 10%, and traders must adhere to a maximum daily loss of 3% and a maximum loss of 6%. There are no restrictions on the number of trading days, but a minimum trading duration of 5 calendar days is required. Similar to the Two-step Stellar challenge model, the One-step Stellar challenge model incorporates a scaling plan. FundedNext’s maximum loss rules align with industry standards, and they do not limit the number of trading days.
FundedNext’s Evaluation model follows a two-phase structure, where both phases must be completed for eligibility for payouts. Phase one requires traders to achieve a profit target of 10%, while phase two has a profit target of 5%. Traders must also comply with maximum daily loss limits of 5% and a maximum loss of 10% for each phase. Additionally, a minimum of 5 trading days is expected during each phase. Like the One-step Stellar challenge model, the Evaluation programs offered by FundedNext include a scaling plan. The profit targets and minimum trading day requirements set by FundedNext are on par with industry standards.
FundedNext introduces a unique offering called the FundedNext Express model accounts. These accounts involve a single-phase assessment process, where traders need to achieve a specified profit target to qualify for payouts. Traders can choose between Consistency and Non-consistency Express model accounts based on their preferences.
In the challenge phase of the Evaluation, traders are required to reach a profit target of 25% while adhering to rules that limit maximum daily loss to 5% and maximum overall loss to 10%. It’s important to note that for Express Non-Consistency Challenges, traders are not allowed to hold trades over the weekend, and both variants of the Express Challenge prohibit trading during high-impact news releases. In terms of trading duration, a minimum of 10 trading days is mandatory, without any specified maximum limit. The Express model accounts also include a scaling plan that allows traders to operate with capital amounts of up to $4,000,000.
In summary, FundedNext distinguishes itself from other leading proprietary trading firms by offering a diverse range of funding programs with straightforward and flexible trading rules. This makes FundedNext an excellent choice for traders with various styles and preferences.
Is getting capital real?
Evaluating proprietary trading firms aligned with your forex trading preferences requires a comprehensive assessment of their trading prerequisites. While the prospect of a proprietary trading firm offering an attractive profit split on a well-capitalized account may be enticing, it is imperative to scrutinize whether they impose elevated monthly percentage gain expectations alongside stringent maximum drawdown limits. These exacting criteria significantly diminish the probability of achieving success.
Obtaining capital through the two-step Stellar challenge model is deemed feasible primarily because it establishes below-average profit targets of 8% in the initial phase and 5% in the subsequent phase, accompanied by reasonable maximum loss regulations of 5% for daily losses and 10% for overall losses.
Similarly, securing capital through the one-step Stellar challenge model can be perceived as feasible chiefly due to its inclusion of an average profit target of 10% and adherence to standard maximum loss regulations of 3% for daily losses and 6% for overall losses.
Likewise, gaining capital through the evaluation model can be considered feasible primarily owing to its industry-standard profit targets of 10% in the first phase and 5% in the second phase, as well as the enforcement of maximum loss regulations of 5% for daily losses and 10% for overall losses.
In spite of the 25% profit target in the express model, obtaining capital through this program remains feasible due to the absence of constraints on maximum trading days, enabling traders to gradually accumulate profits, attain their profit target, and secure funding. Additionally, traders can opt for either Consistency or Non-consistency Express model accounts based on their preferred trading style.
Considering all these aspects, FundedNext emerges as an outstanding option for securing funding, presenting four distinct funding programs: Two-step Stellar, one-step Stellar, Evaluation, and Express. Each program delineates feasible trading objectives and sets forth conditions for receiving payouts.
Evidence of payment attests that FundedNext was established on March 18, 2022, and has been operational for over a year, solidifying its standing as one of the foremost and rapidly advancing proprietary trading firms in the industry.
Furthermore, substantial proof of successful payouts is evident in their official Instagram account posts and within specific channels, namely “payout-proof” and “5-digit payouts general,” in their Discord server. Additionally, illustrative instances of payouts are conveniently showcased in the pinned posts section of their Telegram channel.
which broker they use?
FundedNext has seamlessly integrated its technology with Eightcap, a reputable broker headquartered in Melbourne, Australia, operating under the regulatory oversight of the Australian Securities and Investments Commission (ASIC). Established in 2009, Eightcap remains committed to delivering outstanding financial services globally, maintaining compliance with regulatory standards across multiple jurisdictions. This enables clients worldwide to engage in trading activities across diverse markets, including foreign exchange (FX), indices, commodities, and shares.
Eightcap, categorized as a medium-risk broker with an overall Trust Score of 73 out of 99, offers a comprehensive range of features, including:
- Forex Trading
- CFD Trading
- Cryptocurrency Trading
- Social Trading/Copy-Trading
- A total of 326 Tradable Symbols
- A total of 45 Forex Pairs
Clients can choose between two account types: Raw and Standard, each with distinct commissions and fee structures. Standard accounts incorporate fees within the spread, while Raw accounts involve separate commissions. It is crucial to consider the overnight fee, representing the interest charged for holding positions overnight during trading.
As an exclusive MetaTrader broker, Eightcap provides access to the MetaTrader 4 and MetaTrader 5 platforms developed by MetaQuotes Software Corporation. The company is dedicated to delivering a personalized trading experience and has established an efficient technological framework to support clients’ trading activities. Recognizing their commitment to excellence, Eightcap was honored with the prestigious title of Best Global Forex MT4 Broker at the esteemed Global Forex Awards in 2020.
It is noteworthy that FundedNext operates its dedicated server, known as the “GrowthNext Server,” within the MT5 platform. Traders also have the flexibility to choose between two popular trading platforms, namely MetaTrader 4 and MetaTrader 5.
In terms of trading instruments, FundedNext allows you to trade forex pairs, commodities, and indices with a leverage ratio of 1:100.
Education and support fro traders
an active discussion thread on Forex Factory is dedicated to the company, fostering conversations about its features and offerings.
FundedNext furnishes clients with a meticulously crafted dashboard, ensuring universal access and facilitating effective risk management aligned with clients’ statistical goals, thereby elevating the overall trading experience.
A comprehensive FAQ page is provided by FundedNext, serving as a valuable resource for obtaining necessary information. Moreover, the support team can be reached through various channels, including social media or by emailing support@fundednext.com.
For immediate assistance, FundedNext extends a 24/7 live chat support team. Users also have the option to submit a support ticket via the link provided on their website.
Trader's comment about it
Foundednext has received favorable reviews from its community.
Trustpilot has achieved an impressive rating of 4.6 out of 5 based on a substantial 4,139 reviews. Notably, the platform was launched on March 18, 2022, underscoring a noteworthy accomplishment in building a significant and dedicated user base within a relatively short period.
FundedNext’s community predominantly commends its responsive customer support team and the seamless functionality of its well-designed dashboard.
Social media stats
Foundednext has an excellent review from his community
Trustpilot has garnered a commendable rating of 4.6 out of 5 based on an impressive number of 4,139 reviews. It is noteworthy to mention that their platform was launched relatively recently, specifically on March 18, 2022, indicating a remarkable achievement in amassing a substantial and devoted user base within a relatively brief timeframe.
FundedNext’s community mostly praises its responsive customer support team and the smoothness of its well-structured dashboard
FundedNext’s community mostly praises its responsive customer support team and the smoothness of its well-structured dashboard
Conclusion
In summary, FundedNext stands out as a well-regarded proprietary trading company, presenting a diverse range of models for traders to select from, including the Two-step Stellar, one-step Stellar, Evaluation, and Express models. The trading guidelines offered by FundedNext are clear and not overly restrictive.
For the Two-step Stellar challenge model accounts, traders must complete two phases to gain funding and eligibility for profit sharing. FundedNext establishes realistic profit targets of 8% in phase one and 5% in phase two, aligning with the 5% maximum daily loss and 10% maximum loss rules. Opting for this model allows traders to earn profit shares ranging from 80% to 90%, providing opportunities for account growth.
In contrast, the one-step Stellar challenge model accounts require the completion of a single phase for funding and profit sharing eligibility. FundedNext sets a 10% profit target for this model, consistent with the 3% maximum daily loss and 6% maximum loss rules. Traders engaging in one-step Stellar challenge model accounts can earn profit shares ranging from 80% to 90%, with chances to expand their accounts.
The Evaluation model accounts follow the industry-standard two-phase challenge, with traders required to complete both phases for funding and profit sharing. FundedNext establishes profit targets of 10% in phase one and 5% in phase two, deemed realistic goals considering the 5% maximum daily loss and 10% maximum loss rules. Participation in the evaluation programs enables traders to earn profit shares ranging from 80% to 90%, presenting opportunities for account growth.
Lastly, the Express model accounts present a one-step challenge, necessitating the completion of a single phase for funding and profit sharing eligibility. FundedNext sets a 25% profit target for this model while adhering to the 5% maximum daily loss and 10% maximum loss rules. Traders can choose between Consistency and Non-consistency Express model accounts, based on their trading preferences. With a minimum trading period of 5 calendar days and no maximum trading days limitation, traders have the flexibility to gradually accumulate profits. Express model accounts offer profit shares ranging from 60% to 90% and the option to scale their accounts.
Given their transparent rules and trading objectives, FundedNext is highly recommended for traders seeking a reputable proprietary firm. Despite their relative newness in the industry, they have established themselves as a reliable and secure choice for traders in search of capital. Moreover, FundedNext provides favorable conditions to accommodate a wide range of traders with diverse trading strategies. Considering their comprehensive offerings, FundedNext presently ranks among the top proprietary trading firms in the industry.