FundedNext is a proprietary trading firm who have been developing for two and a half years before they decided it was the right time to go live. They have prepared funding options for traders worldwide while operating from two different locations.
FundedNext functions as a worldwide proprietary trading firm with operational offices in diverse countries, including the United Arab Emirates and Bangladesh. Their objective is to provide traders with a comfortable trading atmosphere. To fulfill this goal, FundedNext has designed four unique models. Regardless of the model you opt for, beginning from the evaluation stage, you will earn a 15% profit as recognition for your trading achievements. It is recommended to thoroughly explore all the models and pick a package that resonates with your favored trading approach.
Introduction of FundedNext
| Company Details | FundedNext |
|---|---|
| CEO | Syed Abdullah Jayed |
| Incorporation Date | March 2022 |
| Location | United Arab Emirates and Bangladesh |
| Maximum Account Size of Funding Programs | Two-step Stellar Challenge: $200,000 One-step Stellar Challenge: $200,000 Evaluation Model: $200,000 Express Model: $200,000 |
Funding Programs
Two-step Stellar Challenge
| Account Size | Account Price |
|---|---|
| $6,000 | $59 |
| $15,000 | $119 |
| $25,000 | $199 |
| $50,000 | $299 |
| $100,000 | $519 |
| $200,000 | $999 |
| Objectives | Objective Value |
|---|---|
| Profit Target (Phase 1) | 8% |
| Profit Target (Phase 2) | 5% |
| Daily Drawdown | 5% |
| Maximum Drawdown | 10% |
| Max Trading Period | Phase 1: Unlimited Phase 2: Unlimited |
| Minimum Trading Days | 5 Calendar Days |
| Profit Share | 80% up to 90% |
One-step Stellar Challenge
| Account Size | Account Price |
|---|---|
| $6,000 | $59 |
| $15,000 | $119 |
| $25,000 | $199 |
| $50,000 | $299 |
| $100,000 | $519 |
| $200,000 | $999 |
| Objectives | Objective Value |
|---|---|
| Profit Target | 10% |
| Daily Drawdown | 3% |
| Maximum Drawdown | 6% |
| Max Trading Period | Unlimited |
| Minimum Trading Days | 5 Calendar Days |
| Profit Share | 80% up to 90% |
Evaluation Model
| Account Size | Account Price |
|---|---|
| $6,000 | $49 |
| $15,000 | $99 |
| $25,000 | $199 |
| $50,000 | $299 |
| $100,000 | $549 |
| $200,000 | $999 |
| Objectives | Objective Value |
|---|---|
| Profit Target (Phase 1) | 10% |
| Profit Target (Phase 2) | 5% |
| Daily Drawdown | 5% |
| Maximum Drawdown | 10% |
| Max Trading Period | Phase 1: 30 Calendar Days Phase 2: 60 Calendar Days |
| Minimum Trading Days | 5 Calendar Days |
| Profit Share | 80% up to 90% |
Express Model
Consistency Express Model
| Account Size | Account Price |
|---|---|
| $6,000 | $49 |
| $15,000 | $99 |
| $25,000 | $199 |
| $50,000 | $299 |
| $100,000 | $549 |
| $200,000 | $999 |
| Objectives | Objective Value |
|---|---|
| Profit Target | 25% |
| Daily Drawdown | 5% |
| Maximum Drawdown | 10% |
| Max Trading Period | Unlimited |
| Minimum Trading Days | 10 Calendar Days |
| Profit Share | 60% up to 90% |
| Weekend Holding | Not Allowed |
Non-consistency Express Model
| Account Size | Account Price |
|---|---|
| $6,000 | $59 |
| $15,000 | $119 |
| $25,000 | $229 |
| $50,000 | $379 |
| $100,000 | $699 |
| Objectives | Objective Value |
|---|---|
| Profit Target | 25% |
| Daily Drawdown | 5% |
| Maximum Drawdown | 10% |
| Max Trading Period | Unlimited |
| Minimum Trading Days | 10 Calendar Days |
| Profit Share | 60% up to 90% |
| Weekend Holding | Allowed |
Comparison of Two-step Program
Comparison of FundedNext & FundingPips
| Objectives | FundedNext (Evaluation) | FundedNext (Stellar) | Funding Pips |
|---|---|---|---|
| Profit Target (Phase 1) | 10% | 8% | 8% |
| Profit Target (Phase 2) | 5% | 5% | 5% |
| Daily Drawdown | 5% | 5% | 5% (Can be scaled to 7%) |
| Maximum Drawdown | 10% | 12% | 10% (Can be scaled to 14%) |
| Max Trading Period | Phase 1: 30 Calendar Days Phase 2: 60 Calendar Days | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Minimum Trading Days | 5 Calendar Days | 5 Calendar Days | No Minimum Trading Days |
| Profit Share | 80% up to 90% | 80% up to 90% | 80% up to 90% |
Comparison of FundedNext & Smart Prop Trader
| Objectives | FundedNext (Evaluation) | FundedNext (Stellar) | Smart Prop Trader |
|---|---|---|---|
| Profit Target (Phase 1) | 10% | 8% | 7% |
| Profit Target (Phase 2) | 5% | 5% | 5% |
| Daily Drawdown | 5% | 5% | 4% |
| Maximum Drawdown | 10% | 12% | 8% (Can be scaled to 28%) |
| Max Trading Period | Phase 1: 30 Calendar Days Phase 2: 60 Calendar Days | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Minimum Trading Days | 5 Calendar Days | 5 Calendar Days | No Minimum Trading Days |
| Profit Share | 80% up to 90% | 80% up to 90% | 85% up to 90% |
Broker & Trading Platform
| Broker | Incenteco, GrowthNext |
| Trading Platform | MetaTrader 4, MetaTrader 5 |
| Trading Instruments | Forex Pairs, Commodities, Indices |
Conclusion
To draw a final conclusion, FundedNext is a reputable and trustworthy proprietary trading company that is managed by Syed Abdullah Jayed. They provide traders with an opportunity to choose between four unique funding programs. While working with them, you will be provided an account through Incenteco or GrowthNext and trade on the MetaTrader 4 or MetaTrader 5 trading platform. As for trading instruments, you will be able to trade forex pairs, commodities, and indices. After considering everything that FundedNext brings to the table, we can consider them an excellent choice within the proprietary trading firm space.
FundedNext Review Details
