FundedNext

OVERVIEW

Based in the United Arab Emirates, FundedNext marks its presence in the proprietary trading space with a year of operation and is led by CEO Abdullah Jayed. The firm extends access to MT4 and MT5 through Incenteco and GrowthNext, which are recognized trading systems. FundedNext offers a range of account sizes from $6,000 to $200,000, accommodating traders with different levels of experience. The firm’s challenges include both 1-step and 2-step options. The 1-step evaluation provides a choice of either a 10% or a 25% profit target challenge. For the 2-step evaluation, challenges of 8% in Phase 1 and 5% in Phase 2, or a 10% in Phase 1 and 5% in Phase 2 are available. The maximum total drawdown limits range from 6% to 10%. Additionally, Funded Next offers a range of Forex currencies from major pairs like the EURUSD, to the more volatile pairs like GBPJPY. Beyond Forex, Funded Next offers a precious metals market with instruments like XAGUSD and XAUUSD. The platform presents opportunities to trade on broader markets with well-known indices such as the AUS200, GER30, and SPX500.

  • Forex
  • Indices
  • Commodities
  • Crypto
  • Evaluation and Express Challenge

Challenge Phase:

  • Forex Pairs – 1:100
  • Indices – 1:50
  • Commodities – 1:50
  • Crypto – 1:2

Funded Phase:

  • Forex Pairs – 1:100
  • Indices – 1:25
  • Commodities – 1:50
  • Crypto – 1:2
  • Stellar 1-Step Challenge

Challenge Phase:

  • Forex Pairs – 1:30
  • Indices – 1:5
  • Commodities – 1:10
  • Crypto – 1:2

Funded Phase:

  • Forex Pairs – 1:30
  • Indices – 1:5
  • Commodities – 1:10
  • Crypto – 1:2
  • Stellar 2-Step Challenge

Challenge Phase:

  • Forex Pairs – 1:100
  • Indices – 1:20
  • Commodities – 1:40
  • Crypto – 1:2

Funded Phase:

  • Forex Pairs – 1:100
  • Indices – 1:20
  • Commodities – 1:40
  • Crypto – 1:2
  • Forex: $3/round lot
  • Commodities: $3/round lot
  • Indices and Crypto: $0/round lot

FundedNext’s scaling plan offers traders to expand their trading activities, potentially receiving a capital allocation of up to $4 million. The scaling-up plan maintains consistency in eligibility criteria across the Evaluation, Express, and Stellar Models. To be considered for scaling up within the FundedNext program, traders must satisfy specific criteria over a four-month period: 

  • Attain a minimum cumulative account growth of 10% over a span of four consecutive months.
  • Acquire a minimum of two pay-outs within this consecutive four-month duration.
  • Ensure that the last trading cycle concludes with a positive outcome.

Upon meeting the above criteria, FundedNext initiates a review of the trader’s performance. Successful candidates may experience a substantial 40% scale-up, resulting in a new account balance of $140,000 from their initial $100,000. The new daily loss limit is set at 5% of the scaled-up balance, amounting to $7,000. The overall loss limit is established at 10% of the scaled-up balance, equivalent to $14,000. Additionally, traders who have successfully scaled up are presented with a new growth target for the subsequent four months. The goal is to achieve a 10% account growth on the scaled-up balance of $140,000.

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