When it comes to seeking out a prop trading firm, few offer the extensive benefits, comprehensive services, and trader-centric approach provided by FundedNext. As a Forex trader, I had the opportunity to experience their program firsthand.

FundedNext is a prop trading firm that operates on a global scale. The company is grounded on the principle of financially supporting traders from all corners of the world, offering up to $300,000 in funds to enable traders to make a full-time living from trading. To date, they have a considerable presence in over 195 countries and boast a total payout exceeding $44 million.

The distinguishing feature of FundedNext is its unique approach to its trading services and funding models. The firm breaks free from the traditional mold by offering profit sharing even during the challenge phases. 

This is an exciting initiative, which as far as I know, no other prop firm offers. By offering a 15% profit share from the profit you make during the challenge phases, FundedNext shows its dedication to incentivizing top traders and delivering on its promise of the world’s best payout bonuses.

FundedNext also does not impose any time limits on its funding challenges. This allows you to trade with less stress and no more pressure to reach the profit target within a deadline, something that can significantly improve your overall trading performance. Furthermore, the firm provides a balance-based drawdown, in contrast to many other prop firms that calculate it based on equity.

The firm commits to offering raw spreads, including in Swap Free accounts, a feature that underscores their promise of the world’s best prop trading conditions. The commissions are among the lowest with 3$/round lot on FX Pairs & Commodities and 0$/round lot on Indices.

FundedNext provides traders with three challenge models to choose from. Each one of these models is designed to cater to different trading styles, strategies and funding requirements. 

One common feature among these models is that you will earn a 15% profit as a reward for your performance even from the assessment phase.

You can check on the table below to compare the different Challenge Programs, and choose the one that suits your funding needs and trading strategy.

As for costs, the company offers the option to reset or top up your account balance, should you breach the rules or fail the challenge. This allows you restart your trading balance at a discounted price.

FundedNext is trying their best to offer favorable trading conditions for its traders. Their low commissions and super-raw spreads enable traders to trade exotic pairs and explore different strategies, including scalping. The firm also encourages various trading styles and strategies, allowing the use of Expert Advisors, Copiers, or other tools.

Another benefit of becoming a FundedNext trader is joining a global community of traders. This community is a valuable resource for trading resources, economic news updates, and fundamentals. The interaction with other traders can help you grow as a trader and broaden your understanding of different market scenarios.

All things considered, FundedNext provides a favorable environment for Forex traders. It combines an impressive range of services with a trader-centric approach, offering attractive profit splits, low commissions, and flexible trading conditions. These features, coupled with their international presence and commitment to their traders, make FundedNext an excellent choice for anyone looking to venture into the world of prop trading.

Quick Details for the FundedNext Trading Plans

Evaluation Express Stellar Stellar
Consistency Non-Consistency 1 step 2 step
Funding Amount $6,000 to $200,000 $6,000 to $200,000 $6,000 to $100,000 $6,000 to $200,000 $6,000 to $200,000
Refundable Fee $49 to $999 $49 to $999 $59 to $699 $59 to $999 $59 to $999
Challenge Phase 2 1 1 1 2
Challenge Phase Profit Share 15% 15% 15% 15% 15%
Profit Target A1: 10%, P2: 5% 25% 25% 10% A1: 8%, P2: 5%
Max Daily Loss 5% 5% 5% 3% 5%
Max Overall Loss 10% 10% 10% 6% 10%
Drawdown Type Balance Based Balance Based Balance Based Balance Based Balance Based
Time Limit P1: 4 weeks P2: 8 weeks No Time Limit No Time Limit No Time Limit No Time Limit
Min Trading Day 5 10 10 5 5
Commission 3$/Per Lot 3$/Per Lot 3$/Per Lot 3$/Per Lot 3$/Per Lot
Profit Split 90% 90% 90% 90% 90%
Leverage 1:100 1:100 1:100 1:30 1:100
News Trading Yes no no yes yes
Weekend Holding yes no yes yes yes
Expert Advisors yes yes yes yes yes
Trade Copier yes yes yes yes yes
Reset Discount 10% 20% 20% 10% 10%
Consistency Rule no yes no no no
First Payout Monthly Monthly Monthly Bi-weekly Monthly
Subsequent Payouts Bi-weekly Monthly Monthly Bi-weekly Bi-weekly

Note: Please verify the details with the official FundedNext website or customer service. The features may vary and are subject to change.

What are the Experiences of Other Traders?

FundedNext is generally well-regarded among traders according to its score of 4.7 on Trustpilot based on 5867 reviews. This indicates a high level of customer satisfaction, suggesting that a majority of traders have had positive experiences with the platform.

Positive Opinions:

One of the frequently mentioned positive aspects of FundedNext is its advantageous trading conditions. Traders appreciate the lack of time pressure, which contributes to a higher passing rate during the evaluation phase. This feature is not commonly offered by most funded trader programs, and is often highlighted as a significant advantage over other funded trader programs.

The customer support of FundedNext also garners praise from traders. Users note that the support service is prompt and helpful, providing an effective customer service team that is dedicated to resolving any issues traders may encounter promptly.

Negative Opinions:

Despite the generally positive feedback, there are some complaints about FundedNext. The most common issue seems to be with the withdrawal process. While these appear to be isolated incidents, some traders have reported that it can take several weeks to complete withdrawals. Of course this may lead to frustration, particularly for traders who rely on timely payouts.

Comparison with Other Funded Trader Programs:

FundedNext seems to fare well in comparison with other similar platforms, particularly in terms of trading conditions and customer support. The slower withdrawal process, though an occasional issue, is not unheard of in the industry, with other funded trader programs also receiving similar criticisms.

247trading Final Impressions on FundedNext

FundedNext presents itself as a credible and user-centric option for traders worldwide. It demonstrates a strong commitment to trader empowerment and convenience with its unique features and highly competitive conditions.

FundedNext offers up to $300,000 in funding, which is a considerably generous amount. The platform’s distinctive feature, however, is its profit-sharing structure, which allows traders to earn a substantial portion of their profits right from the challenge phase. 

Moreover, the absence of time limits on their funding challenges provides traders with a conducive environment to trade with ease, reducing anxiety linked to meeting targets within strict deadlines.

The platform’s ability to cater to a wide array of trading styles and strategies, coupled with its low commissions and raw spreads, provides a flexible and profitable trading environment. It seems to accommodate traders’ needs regardless of their preferred trading styles or frequency of trades, things that would appeal to both seasoned traders and new ones.

While the platform does have a few minor issues, such as occasional delays in the withdrawal process, it’s important to note that these incidents seem isolated rather than systemic, and the platform has an overall high satisfaction rating. With a Trustpilot score of 4.7 based on a substantial number of reviews, the trader feedback on FundedNext is overwhelmingly positive.

Comparing FundedNext with other funded trader programs, it offers several unique and trader-friendly features, positioning it as a strong contender in the market. However, the most distinguishing factor would be their ethos of creating a less stressful trading environment by lifting time constraints and providing flexibility in their trading rules, and offering a 15% profit share during the evaluation period.

Considering the positive reviews and the platform’s unique attributes, it seems reasonable to recommend FundedNext to both seasoned and novice traders who are looking for a platform that offers flexibility, a strong support system, and competitive trading conditions. 

FundedNext is a comprehensive, trader-centric platform that is not just focused on providing funding but also on fostering a supportive and flexible trading environment. While it is not without its occasional hiccups, the general consensus leans toward a positive experience, making it worth considering for traders looking for a reliable and accommodating funded trader program.