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FundedNext Review: All Pros and Cons of the Prop Firm
Last updated on March 20, 2025 Reading time: 21 Min.123414Rating by Witzel TradingUser’s Rating1234500 Positive 0 NegativeFundedNext Ratings:Profit Share4 / 5Platforms4 / 5Support5 / 5Tools3 / 5Trust Score95 / 100Visit website (Promo Code: Get 12% Off With The Code "FTRADINGDE")Give your ratingWR Trading has evaluated online trading platforms for over 12 years, earning respect in the industry. We gather extensive data points annually and publish meticulously researched reviews. Our thorough testing process analyzes critical aspects such as usability, fees, customer service, and trading features. We aim to provide unbiased, data-driven assessments to help traders make informed decisions. Learn more about our rigorous testing methodology and why traders worldwide trust our evaluations. Read our review methodolgy.Facts about the prop trading firmFree Trial: 14-day Free Trial AccountCosts: Evaluation fee (for paid challenges)Challenge: Yes (1-Step evaluation Fee)Minimum Trading Days: 5 days, 3 days (trial account)Drawdown: Balanced basedProfit Share: 60% to 95%Minimum Balance: $6,000Instant Funding: YesWithdrawals: Unlimited profit withdrawals at zero feePayment methods: Bank transfer, Bitcoin, and Wire transferTrading Instruments: Forex, commodities, and indicesPlatforms: MT4, MT5 and cTraderSupport: Phone (+35725255160), Email (support@fundednext.com), Live ChatFundedNext Pros And Cons list:- FundedNext guarantees payouts within 24 hours.
- FundedNext hosts free monthly competitions where traders can compete for exclusive rewards
- There is a 15% profit share from the Challenge Phase profits, letting traders earn immediately.
- FundedNext has a 95% profit split.
- FundedNext has no time limit for most of its challenges, allowing traders to operate at their own pace.
- News trading is allowed at FundedNext for traders who love to take risks
- FundedNext offers its traders one of the lowest commission rates in the market, and this enables the traders to maximize their profits
- Traders can access the 24/7 customer support via live chat, email, and telephone to learn more about FundedNext services
- The trading platform accommodates account balance options ranging from $6,000 to $200,000
- FundedNext also accepts traders worldwide (190+ countries)
- FundedNext has a 5-day minimum trading day, which applies to all accounts.
- The Express accounts are subject to consistency rules.
Visit website (Promo Code: Get 12% Off With The Code "FTRADINGDE")Traders are always looking for more strategies to improve their trading skills and aid their transition into real life markets. Collaborating with proprietary trading firms (prop firms) like FundedNext is one way to enhance your trading experience.
FundedNext is a prop firm with sophisticated algorithmic trading tools that aid in accurate and fast trade execution. In this FundedNext review, we’ve broken down the benefits and features of this trading platform to help you determine if it fits your trading goals.
Summary from Our Expert:
Andre WitzelTrader & Editor-in-ChiefAfter careful evaluation of FundedNext prop firm, I can see that the firm dedicates its features to offering a platform where traders can trade commodities, indices, and forex. The prop firm also offers a trial period that clients can use to nurture and improve their trading skills without financial risks. Looking further into the FundedNext prop firm, I saw that they offer traders three models: Stellar, Evaluation, and Express. Each of these models has a profit split up to 95%. They also allow news trading except for the Express plan.Write your review about FundedNextThank you for your feedback!You review has been submitted successfuly.0 FundedNext Customer Reviews And Ratings
Customer reviews are crucial for gaining a comprehensive view of the services offered. All user reviews are published according to our Review Guidelines.At the moment we have 0 reviews from Traders about FundedNext. Of the reviews, 0% are positive and 0% negative. On a star scale of 1 to 5, this results in an average rating of 0, which can be classified as negative.All (0) Positive (0) Negative (0)No reviews found› Sign up for free with FundedNext! (Promo Code: Get 12% Off With The Code "FTRADINGDE")What is FundedNext?
FundedNext is a top-rated proprietary trading firm owned and operated by GrowthNext F.Z.C. It was officially launched on March 18, 2022. The firm’s headquarters is in Dubai, United Arab Emirates; however, it also has offices in Southeast Asia and the USA.
Despite only being in operation for over two years, we found that it has gained popularity and now has over 90k traders from 195+ countries. All the trading on FundedNext is done on the MT4, MT5, and cTrader platforms, which enable traders to access basic and enhanced analytical trading tools like indicators.
During our research, we also found that they pay traders 15% of their maximum profit share (90%) during the evaluation period. This is a rare feature and one of the many benefits of trading with FundedNext, as most prop firms do not offer this feature.
FundedNext Review Good to knowFundedNext also has a mobile app that makes it easier for traders to access and monitor their trades anytime and anywhere.
As of 2024, FundedNext has paid out a total reward of $95M to its trading members, which shows its high level of financial stability and reliability as a prop firm. Unlike some prop firms, FundedNext has a balanced-based drawdown and no hidden fees which ensures its traders can hold their trades without feeling tension or fear.
Is FundedNext Legal?
Yes! FundedNext is legal. We checked the official website and saw that it is a registered trademark that complies with the strict financial guidelines and regulations in the UAE; however, it is not subject to traditional financial standards.
Regardless, this does not detract from the company’s credibility and reliability, as its positive track record speaks for it. During our research, we came across many positive reviews from both top experts and clients online, commending the company’s operations.
FundedNext provides funding for traders to trade on MT4, cTrader, and MT5 but does not execute the trades on their behalf. Hence, they are not subject to the regular regulatory requirements of firms that handle client funds; instead, they maintain the policy of their platform.
Because FundedNext operates without a rigid regulatory framework, it can implement more trading tools and strategies, offering clients a more immersive experience. However, it’s important to remember that while FundedNext has a strong risk management system, trading always carries risks and doesn’t guarantee profits.
Prop Trading Account Types with FundedNext
Features Evaluation ($6,000 – $200,000) Express consistency ($6,000 – $200,000) Express non-consistency ($6,000 – $100,000) Stellar 1-step ($6,000 – $200,000) Stellar 2-step ($6,000 – $200,000) Stellar Lite ($5,000 – $100,000) Challenge phase 2 1 1 1 2 2 Maximum daily loss 5% 5% 5% 3% 5% 4% Maximum overall loss 10% 10% 10% 6% 10% 8% Profit target P1:10%, P2:5% 25% 25% 10% P1:8%, P2:5% P1:8%, P2:4% First reward Monthly Monthly Monthly 5 business days Monthly 21 days Subsequent rewards Bi-weekly Monthly Monthly 5 business days Monthly Bi-weekly Trading leverage 1:100 1:100 1:100 1:30 1:100 1:100 Profit split 95% 95% 95% 95% 95% 95% Drawdown type Balanced-based Balanced-based Balanced-based Balanced-based Balanced-based Balanced-based Commission/Lot $3 $3 $3 $3 $3 $7 FundedNext offers six account types, three two-step evaluation structures, and three one-step evaluations. The first evaluation phase requires the traders to earn a profit target of 8% while adhering to the 10% maximum loss rules.
Although FundedNext has no time limitations, there is a minimum of 5 days of trading required before a trader can advance to a funded account, which ranges from $6,000 to $200,000.
In an Express Non-consistency account, traders have more freedom in their trading strategy as they can hold trades overnight without being bound by the consistency rule. However, in the Express Consistency account, traders can refine their trading skills.
Here, the traders must stay within certain limits (+/-200%) of their weekly average trade count, not the total number of trades.
Good to knowStellar accounts have zero time limits and come in two programs, the 1-Step and 2-Step. The 1-Step requires the trader to meet a profit target of 10%, while the 2-Step requires a profit target of 8% in Phase 1 and 5% in Phase 2. The maximum withdrawal at 1-Step is 6%, while the maximum withdrawal at 2-Step is 10%.
› Sign up for free with FundedNext! (Promo Code: Get 12% Off With The Code "FTRADINGDE")The Challenge and Costs on FundedNext Explained
We reviewed FundedNext accounts and discovered challenges traders can use to manage their account sizes. Swap-free accounts are also available in all the challenges, which traders can use to avoid overnight holding charges. The provision of swap-free accounts shows that FundedNext respects that some of its traders may have beliefs prohibiting them from getting interest or paying.
In the 1-step stellar challenge, FundedNext allows traders to manage accounts ranging from $6,000 to $200,000. Its maximum leverage ratio is 1:30, which enables the traders to exchange leverage to increase their chances of earning. However, the other challenges have an increased maximum ratio of 1:100.
Challenge: Stellar (1-Step)
FundedNext Stellar Challenge Account Size: $6,000
Subscription Options:
- $65/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($90)
- 10% profit target
- 6% maximum overall loss
- 3% maximum daily loss
- Minimum trading of 2 days
- First reward in 5 days
Account Size: $15,000
Subscription Options:
- $129/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($225)
- 10% profit target
- 6% maximum overall loss
- 3% maximum daily loss
- Minimum trading of 2 days
- First reward in 5 days
Account Size: $25,000
Subscription Options:
- $219/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($375)
- 10% profit target
- 6% maximum overall loss
- 3% maximum daily loss
- Minimum trading of 2 days
- First reward in 5 days
Account Size: $50,000
Subscription Options:
- $329/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($750)
- 10% profit target
- 6% maximum overall loss
- 3% maximum daily loss
- Minimum trading of 2 days
- First reward in 5 days
Account Size: $100,000
Subscription Options:
- $569/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($1,500)
- 10% profit target
- 6% maximum overall loss
- 3% maximum daily loss
- Minimum trading of 2 days
- First reward in 5 days
Account Size: $200,000
Subscription Options:
- $1,099/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($3,000)
- 10% profit target
- 6% maximum overall loss
- 3% maximum daily loss
- Minimum trading of 2 days
- First reward in 5 days
› Sign up for free with FundedNext! (Promo Code: Get 12% Off With The Code "FTRADINGDE")Stellar (2-Step)
Account Size: $6,000
Subscription Options:
- $59/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($117)
- Profit target (P1: 8%, P2: 5%)
- 10% maximum overall loss ($600)
- 5% maximum daily loss ($300)
- News trading
- Minimum trading of 5 days
- First reward is monthly
Account Size: $15,000
Subscription Options:
- $119/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($292.50)
- Profit target (P1: 8%, P2: 5%)
- 10% maximum overall loss ($1,500)
- 5% maximum daily loss ($750)
- News trading
- Minimum trading of 5 days
- First reward is monthly
Account Size: $25,000
Subscription Options:
- $199/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($487.50)
- Profit target (P1: 8%, P2: 5%)
- 10% maximum overall loss ($2,500)
- 5% maximum daily loss ($1,250)
- News trading
- Minimum trading of 5 days
- First reward is monthly
Account Size: $50,000
Subscription Options:
- $299/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($975)
- Profit target (P1: 8%, P2: 5%)
- 10% maximum overall loss ($5,000)
- 5% maximum daily loss ($2,500)
- News trading
- Minimum trading of 5 days
- First reward is monthly
Account Size: $100,000
Subscription Options:
- $549/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($1,950)
- Profit target (P1: 8%, P2: 5%)
- 10% maximum overall loss ($10,000)
- 5% maximum daily loss ($5,000)
- News trading
- Minimum trading of 5 days
- First reward is monthly
Account Size: $200,000
Subscription Options:
- $999/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($3,900)
- Profit target (P1: 8%, P2: 5%)
- 10% maximum overall loss ($20,000)
- 5% maximum daily loss ($10,000)
- News trading
- Minimum trading of 5 days
- First reward is monthly
› Sign up for free with FundedNext! (Risk warning: Your capital can be at risk)Stellar Lite
Account Size: $5,000
Subscription Options:
- $32/month for a 95% profit split
Account Features:
- Profit target (P1: 8%, P2: 4%)
- 8% maximum overall loss ($400)
- 4% maximum daily loss ($200)
- News trading
- Minimum trading of 5 days
- First reward in 21 days
Account Size: $10,000
Subscription Options:
- $59/month for a 95% profit split
Account Features:
- Profit target (P1: 8%, P2: 4%)
- 8% maximum overall loss ($800)
- 4% maximum daily loss ($400)
- News trading
- Minimum trading of 5 days
- First reward in 21 days
Account Size: $25,000
Subscription Options:
- $139/month for a 95% profit split
Account Features:
- Profit target (P1: 8%, P2: 4%)
- 8% maximum overall loss ($2,000)
- 4% maximum daily loss ($1,000)
- News trading
- Minimum trading of 5 days
- First reward in 21 days
Account Size: $50,000
Subscription Options:
- $229/month for a 95% profit split
Account Features:
- Profit target (P1: 8%, P2: 4%)
- 8% maximum overall loss ($4,000)
- 4% maximum daily loss ($2,000)
- News trading
- Minimum trading of 5 days
- First reward in 21 days
Account Size: $100,000
Subscription Options:
- $399/month for a 95% profit split
Account Features:
- Profit target (P1: 8%, P2: 4%)
- 8% maximum overall loss ($8,000)
- 4% maximum daily loss ($4,000)
- News trading
- Minimum trading of 5 days
- First reward in 21 days
Challenge: Evaluation
FundedNext Evaluation Model Account Size: $6,000
Subscription Options:
- $49/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($135)
- Profit target (P1: 10%, P2: 5%)
- 10% maximum overall loss ($600)
- 5% maximum daily loss ($300)
- News trading
- Minimum trading of 5 days
- First reward is monthly
Account Size: $15,000
Subscription Options:
- $99/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($337.50)
- Profit target (P1: 10%, P2: 5%)
- 10% maximum overall loss ($1,500)
- 5% maximum daily loss ($750)
- News trading
- Minimum trading of 5 days
- First reward is monthly
Account Size: $25,000
Subscription Options:
- $199/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($562.50)
- Profit target (P1: 10%, P2: 5%)
- 10% maximum overall loss ($2,500)
- 5% maximum daily loss ($1,250)
- News trading
- Minimum trading of 5 days
- First reward is monthly
Account Size: $50,000
Subscription Options:
- $299/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($1,125)
- Profit target (P1: 10%, P2: 5%)
- 10% maximum overall loss ($5,000)
- 5% maximum daily loss ($2,500)
- News trading
- Minimum trading of 5 days
- First reward is monthly
Account Size: $100,000
Subscription Options:
- $549/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($2,250)
- Profit target (P1: 10%, P2: 5%)
- 10% maximum overall loss ($10,000)
- 5% maximum daily loss ($5,000)
- News trading
- Minimum trading of 5 days
- First reward is monthly
Account Size: $200,000
Subscription Options:
- $999/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($4,500)
- Profit target (P1: 10%, P2: 5%)
- 10% maximum overall loss ($20,000)
- 5% maximum daily loss ($10,000)
- News trading
- Minimum trading of 5 days
- First reward is monthly
› Sign up for free with FundedNext! (Promo Code: Get 12% Off With The Code "FTRADINGDE")Challenge: Express (Consistency)
FundedNext Express Model Account Size: $6,000
Subscription Options:
- $49/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($225)
- Profit target (25%)
- 10% maximum overall loss ($600)
- 5% maximum daily loss ($300)
- Minimum trading of 10 days
- First reward is monthly
Account Size: $15,000
Subscription Options:
- $99/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($562.50)
- Profit target (25%)
- 10% maximum overall loss ($1,500)
- 5% maximum daily loss ($750)
- Minimum trading of 10 days
- First reward is monthly
Account Size: $25,000
Subscription Options:
- $199/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($937.50)
- Profit target (25%)
- 10% maximum overall loss ($2,500)
- 5% maximum daily loss ($1,250)
- Minimum trading of 10 days
- First reward is monthly
Account Size: $50,000
Subscription Options:
- $299/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($1,875)
- Profit target (25%)
- 10% maximum overall loss ($5,000)
- 5% maximum daily loss ($2,500)
- Minimum trading of 10 days
- First reward is monthly
Account Size: $100,000
Subscription Options:
- $549/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($3,750)
- Profit target (25%)
- 10% maximum overall loss ($10,000)
- 5% maximum daily loss ($5,000)
- Minimum trading of 10 days
- First reward is monthly
Account Size: $200,000
Subscription Options:
- $999/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($7,500)
- Profit target (25%)
- 10% maximum overall loss ($20,000)
- 5% maximum daily loss ($10,000)
- Minimum trading of 10 days
- First reward is monthly
Express (Non-consistency)
Account Size: $6,000
Subscription Options:
- $59/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($225)
- Profit target (25%)
- 10% maximum overall loss ($600)
- 5% maximum daily loss ($300)
- Minimum trading of 10 days
- First reward is monthly
Account Size: $15,000
Subscription Options:
- $119/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($562.50)
- Profit target (25%)
- 10% maximum overall loss ($1,500)
- 5% maximum daily loss ($750)
- Minimum trading of 10 days
- First reward is monthly
Account Size: $25,000
Subscription Options:
- $229/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($937.50)
- Profit target (25%)
- 10% maximum overall loss ($2,500)
- 5% maximum daily loss ($1,250)
- Minimum trading of 10 days
- First reward is monthly
Account Size: $50,000
Subscription Options:
- $379/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($1,875)
- Profit target (25%)
- 10% maximum overall loss ($5,000)
- 5% maximum daily loss ($2,500)
- Minimum trading of 10 days
- First reward is monthly
Account Size: $100,000
Subscription Options:
- $699/month for a 95% profit split
Account Features:
- 15% profit share from the challenge phase ($3,750)
- Profit target (25%)
- 10% maximum overall loss ($10,000)
- 5% maximum daily loss ($5,000)
- Minimum trading of 10 days
- First reward is monthly
Although the balance options for all the challenges range from $5,000 to $200,000, traders who want to trade with higher accounts can get the Scale-Up plan. FundedNext designed this plan for traders who have a consistent and effective trading strategy. Through this plan, traders can maximize their trading potential with higher account balances.
› Sign up for free with FundedNext! (Promo Code: Get 12% Off With The Code "FTRADINGDE")Are There FundedNext Promo Codes for Rebates?
Yes, there are Promo Codes for getting rebates on FundedNext. With the code “FTRADINGDE” you will get a 12% rebate on your first buy and 5% on a renewed buy.
At FundedNext, there is an infinity points program, which is a system used to appreciate and reward a trader’s engagement on the platform. Traders can earn and accumulate these points by exploring the features on FundedNext. These infinity points can then be redeemed for coupon codes, which traders can use to get discounts on FundNext Challenges for more rewarding trading.
Payouts on FundedNext
Payout Method Processing Time (Business Days) Minimum Payout limit Perfect Money 24 hours $50 Wise 24 hours $50 Bank 24 hours $50 Bitcoin 24 hours $50 AstroPay 24 hours $50 PayPal 24 hours $50 Apple Pay 24 hours $50 USDT (TRC20) 24 hours $21 Ethereum 24 hours $50 To begin your withdrawal process, you must send a withdrawal request and address to partner@fundednext.com. During our research, we saw that FundedNext processes payouts within 24-36 working hours, ensuring a prompt receipt of your earned commissions. Their fast and efficient payouts show their commitment to giving their traders exceptional service.
The timeframe for the payout begins and ends when FundedNext initiates and completes the transfer. However, if there is a delay from FundedNext and the trader does not receive their payout within 24 hours, there will be an added compensation of $1,000 added to the payout.
In the case of a delay due to incorrect details provided by the trader, FundedNext will contact the trader within 24 hours to resolve it. But FundedNext will not be responsible or pay the $1,000 compensation fee.
Afterwards, the trader will receive a confirmation email and proof of the payout in a screenshot. Before beginning your withdrawal process, always look out for transaction fees because some payout methods have high or low transaction fees.
Trading Platforms
FundedNext understands the importance of providing its traders with the right tools, which is why it supports three trading platforms, each offering efficiency and convenience. Here is a list and an overview of trading platforms accepted at FundedNext:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- cTrader
MetaTrader 4
MT4 – Trading Platform for FundedNext MT4, launched in 2005 by MetaQuotes Software, is one of the most popular trading platforms in the financial markets for indices and commodities. Its familiar and user-friendly interface makes it one of the most requested options for beginner traders. Traders using MT4 have access to a range of technical analysis tools and customizable charts.
The platform is a game changer in trading because it aids automation through the use of trading strategies known as EAs (Expert Advisors). These EAs can, in turn, enhance the processes involved in prop trading by removing emotional biases in the trade. MT4 is also available on mobile platforms, Android and iOS, which makes it easy to access ongoing trades while on the move.
To access and use MT4 with FundedNext, you have to create an evaluation account. Then, traders can download the MT4 to their devices to start trading. With this platform, traders can become professionals and enjoy the benefits of trading.
MetaTrader 5
MT5 – Trading Platform for FundedNext MT5 is the successor to MT4, released in 2010. It is built upon the success of MT4 and offers more advanced features, like a modernized and enhanced interface, which makes it popular among seasoned traders.
These expanded features and functionalities are why it is a popular choice in prop trading. The presence of a more advanced programming language (MQL5) allows it to accommodate more sophisticated EAs to automate trades. With MT5, prop traders can access many financial instruments like stocks, indices, and commodities on FundedNext. It has 38 technical indicators, which traders can use to assess price action and trends to make more informed trading decisions.
Unlike some other trading platforms, MT5 offers more time frames, which traders can use to change and enhance their strategies. A major benefit of using MT5 in prop trading is that it requires no exchange commission. The platform also supports multiple languages, making it accessible to traders worldwide.
cTrader
cTrader – Trading Platform for FundedNext cTrader is another trading platform available on FundedNext. It offers advanced trading capabilities like fast trade entry and execution manually. cTrader has an algorithmic trading robot called cBotrs, which seasoned traders use to automate their trades.
Traders often use this platform to speculate on financial markets like futures, options, stocks, and indices. It has an intuitive user interface and enhanced chart functionalities, which allow traders to customize their layouts for a more personalized experience. The platform functions seamlessly on mobile devices, desktops, and web browsers.
cTrader supports over 20 leading trading indicators, such as Bollinger Bands and Exponential Moving Average, all accessible to the trader. It also offers a free news feature that traders can use to access timely and relevant information for a better trading experience.
Good to knowFundedNext encourages their traders to explore these platforms to learn more about their services so they can use the one that best suits their trading style.
Which Broker is Used by FundedNext?
FundedNext does not offer brokerage services. They only provide traders access to trading platforms like cTrader, MT4, and MT5 through their entity (FundedNext), which holds a broker license. FundedNext also partners with top-tier liquidity providers to create a safe and realistic trading environment that offers real market conditions.
› Sign up for free with FundedNext! (Promo Code: Get 12% Off With The Code "FTRADINGDE")Taxes on FundedNext
FundedNext does not tax the trader’s profit. Upon signing or registering with FundedNext, traders can earn up to 90% of their profits. However, traders need to be aware of the tax regulations of their country and pay their taxes accordingly.
Tax laws often vary depending on the jurisdiction, but profits from prop trading are often called capital gains; hence, traders need to fill out their annual tax returns, report any trading income, and pay the taxes owed on the trading profits.
Support and Education
FundedNext’s customer support is available 24/7, with a trained and dedicated team. You can reach the team via phone (+35725255160), email (support@fundednext.com), or live chat on the website. They are always ready to answer your queries and concerns about their services, such as account management and evaluation.
Which Alternatives Exist For FundedNext?
Are you considering switching from FundedNext to try a new prop trading platform? There are other reliable options you can explore. Although FundedNext is a platform that offers its traders an amazing and confident trading experience, there are also other prop trading platforms with good offers. The following are some of the many options you can explore:
Trading Pit
The Trading Pit as FundedNext Alternative Trading Pit is a Forex and Futures prop firm that offers instruments like indices, commodities, and stocks. It was founded in 2021 and has since made its mark in the trading industry, with over $4M+ payouts. All the trading activities on Trading Pit occur in a simulated environment, which gives the traders a real-time experience.
Some of the trading platforms available at Trading Pit are MetaTrader 4 and 5, which traders can use to execute several trading strategies, such as automated trading and scalping. Trading Pit also has a profit share of up to 80%, which is good but less than the 95% in some other prop firms like FundedNext. Traders here can also get up to $250,000 in funding, which can go up to $5M with scaling plans.
Trading Pit has four funding accounts: Lite, Standard, Executive, and VIP. The profit splits on the Lite and Standard accounts range from 50% to 70%, while they range from 60% to 80% in the Executive and VIP accounts.
› Sign up for free with The Trading Pit! (Risk warning: Your capital can be at risk)Apex Trader Funding
Apex Trader Funding as FundedNext Alternative Apex Trader Funding is another top Futures prop firm established in 2021 to give traders a revolutionized payout model. This firm has several instruments like agricultural futures, equity futures, and metals futures. Traders can qualify for funding after trading for a minimum of 7 days which is more than the 5-day minimum required by FundedNext.
The first $25,000 funding is paid with no profit split hence, all the profits go to the trader. However, the subsequent profit split after the first funding is 90%. Traders can also request and receive payouts twice monthly, which can take 3 to 7 business days to reach the bank accounts.
› Sign up for free with Apex Trader Funding! (Save 50% with the promo code “YVLUOYXD”)5%ers
The5%ers as FundedNext Alternative 5%ers is a prop trading firm that allows trading stocks, metals, commodities, and forex. The profit split at this firm is 50%, which can grow to 100% using a scale-up plan. 5%er offers their traders three programs which are Hyper Growth, High Stakes, and Bootcamp.
In the hyper-growth program, the traders’ accounts get doubled every time they show consistency. It is the perfect fit for traders who are consistent in the market and looking to start profiting from their first objective. Traders looking for more leverage and rewards can go for the high-stakes program, while traders who have not found consistency in the market but are looking for funding can go for the boot camp program.
› Sign up for free with The 5%ers! (Risk warning: Your capital can be at risk)Leeloo
Leeloo as FundedNext Alternative Leeloo is a Futures prop firm founded in 2019. The trading firm has no scaling plan and funds traders with balances ranging from $25,000 to $300,000. In the first year of trading with Leeloo, there will be an 80% profit split, after which the trader will get 90% of all the profits made while the firm keeps 10%. The minimum number of days to trade is 10, while there is no maximum number of days.
› Sign up for free with Leeloo! (Risk warning: Your capital can be at risk)Conclusion
FundedNext is a prop trading firm popular among traders due to its benefits and features. During our review process, we saw that FundedNext is keen on providing the best payout services for its traders with its reliable 24-hour processing time. There is also a profit split of 95%, making traders keep a significant part of their generated profits.
The trading firm also has flexible rules, such as no time limitations or restrictions on trading styles, which gives traders the freedom to explore and build their trading confidence.
Frequently Asked Questions (FAQ) on FundedNext
Are There Countries Banned From FundedNext?
Yes! Countries like Syria, Bangladesh, and the United States cannot open accounts with FundedNext.
Can I merge My Accounts on FundedNext?
Yes! You can merge your accounts up to $300,000 into your FundedNext account if both accounts exist in the same challenge and there are no open trades.
Does FundedNext Operate With a Broker?
No, FundedNext does not associate with a broker. However, FundedNext holds a broker license, which traders can use to access trading platforms like MT4, MT5, and cTrader.
Can I Switch Between Trading Platforms on FundedNext?
Yes, you can switch between trading platforms on FundedNext if you have not executed any trades in the account. However, an account with a trade history cannot undergo platform changes.
Andre Witzel is a trader and the founder of WR Trading. He started trading in 2015 next to his bachelor degree in economics. He is specialized on day trading and scalping the S&P500 Index. With high risk reward ratios he developed a strategic approach to beat the market and find the right directions.123414FundedNext - Good choice for funded accounts- FundedNext guarantees payouts within 24 hours.
- FundedNext hosts free monthly competitions where traders can compete for exclusive rewards
- There is a 15% profit share from the Challenge Phase profits, letting traders earn immediately.
- FundedNext has a 95% profit split.
- FundedNext has no time limit for most of its challenges, allowing traders to operate at their own pace.
- News trading is allowed at FundedNext for traders who love to take risks
- FundedNext offers its traders one of the lowest commission rates in the market, and this enables the traders to maximize their profits
- Traders can access the 24/7 customer support via live chat, email, and telephone to learn more about FundedNext services
- The trading platform accommodates account balance options ranging from $6,000 to $200,000
- FundedNext also accepts traders worldwide (190+ countries)
› Sign up for free (Promo Code: Get 12% Off With The Code "FTRADINGDE")Get the latest informationWe are looking for traders who are willing to learn to train and support them over the long term.Risk Warning
The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
Your capital can be endangered. Trading Forex, Futures, Options, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 60-90% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms. The texts on this page are not investment recommendations.
Trading Futures and Options on Futures involves a substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative of future results.
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Andre Witzel Trader and FounderAndre Witzel is a trader and the founder of WR Trading. He started trading in 2015 next to his bachelor degree in economics. He is specialized on day trading and scalping the S&P500 Index. With high risk reward ratios he developed a strategic approach to beat the market and find the right directions.Johannes StriegelAt WR Trading, we adhere to strict editorial guidelines to ensure the publication of current and verified content. Our experienced writers and disciplined review process enable us to provide unbiased reviews and information. We are committed to ensuring that advertisers do not influence our editorial content. Our data-driven methods for evaluating financial products and companies ensure that all are measured equally. We also regularly update older articles with new information. This commitment to unbiased and transparent content is why you can trust us. Read why you can trust us.WR Trading is an independent website and comparison portal. All articles, tools, and information are provided to you free of charge. WR Trading serves solely as an information source and is not investment advice. The platform is financed through the sale of trading courses and knowledge. Part of our funding comes from partners whom we promote through affiliate links. Customers and traders using our links do not incur any disadvantages. Sometimes we can even offer special deals to our readers. We may receive a commission for referred customers. Read more about how we finance our operations. Read all about how we make money.
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