Funded Next

What makes FundedNext particularly appealing – and immediately trustworthy from a trader perspective – is that it took the founders two-and-a-half years to develop the prop firm before deciding to make it public knowledge and go live with their funding options and programs for traders all over the world.

The firm itself was set up by young entrepreneur Abdullah Jayed, who believes that every individual should be empowered to help them achieve their goals and ambitions.

With this in mind, FundedNext aims to encourage traders worldwide to test themselves and their trading strategies, receiving funding if they’re successful in their evaluation. This will allow them to access increasing amounts of capital and earn percentage-based profit splits in return for their hard work and dedication.

The firm’s Trustpilot rating really does speak for itself and if you’re looking for a broker that values its traders and works with them to help them pursue successful and lucrative careers, this could well be the company for you.

1. PROP FIRM PROGRAMS

What FundedNext asks from its traders is that they maintain motivation and discipline, prioritising robust risk management strategies to drive consistency over the long term.

In return, it offers a scaling plan to rival all others, with a huge cap of $4 million. Traders are also able to take advantage of profit splits between 60-90%, depending on the funding program they go for.

There are two different programs that traders can choose from: The Express Model (which includes the consistency express and non-consistency express options) and the Evaluation Model.

2. TRADING RULES & ENVIRONMENT

The Consistency Express model allows traders to meet the one-step evaluation requirements with no maximum trading day requirements. Traders will need to reach a profit target of 25% without exceeding the 5% maximum daily or 10% maximum loss rules.

Although there are no maximum trading day requirements in place, traders will need to trade for at least ten trading days a month and ensure that profits are gained consistently until the profit target is hit.

There is also a scaling plan in place and traders will need to hit a profit target of 10% or more within four months, with two of these months profitable. The final month has to end in profit. If this is achieved, an account increase of 40% of the original balance will be seen, with the possibility of increasing this up to $4 million.

With the Non-Consistency Express model, traders will need to meet the one-step evaluation requirements with no maximum trading day requirements. Traders will need to reach a profit target of 25% without exceeding the 5% maximum daily or 10% maximum loss rules.

There is no consistency rule to adhere to, however, so traders can work with almost no limitations in order to hit their profit targets.

The Evaluation program, meanwhile, is designed to identify talented traders and reward them for their consistency of performance, allowing you to trade with 1:100 leverage.

It consists of a two-phase evaluation period, where traders are initially required to reach a profit target of 10% without exceeding the maximum 5% daily loss or 10% maximum loss rules. It will be necessary to reach the profit target within 30 calendar days of placing the first position on the evaluation account.

The second phase requires traders to hit profit targets of 5% without surpassing 5% maximum daily loss or 10% maximum loss rules. It will be necessary to reach the profit target within 60 calendar days. Once both evaluation phases have been completed, traders are eligible for funded accounts with no profit in place.