FundedNext
Official Report
FundedNext, based in the United Arab Emirates, was established in March 2022. The firm is a CFD provider offering 1 Step and 2 Steps program types. Account sizes range from $5,000 to $200,000. Platforms supported include cTrader, MT4 and MT5. Tradable instruments include Forex, Commodities and Indices, with leverage options up to 1:100 for majors, exotics, and cryptocurrencies. FundedNext has a 4.6/5 review score based on 14,350 reviews. Verified by our Intelligence Hub for prop trading excellence.
4.5 / 5.0
2022-03
1:30
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Operational Rules
Copy trading is only allowed between challenge accounts and between instant accounts.
EAs are only available as an add-on. EAs are allowed, only works on MetaTrader 4 and MetaTrader 5. EA must be customized to suit your trading style. Identical trades across accounts are not allowed. Switching between EA and manual trading is not allowed. There is a maximum allocation limit of $300,000 for each EA or trading bot's strategy.
To avoid the account inactivity period, traders can simply login to their account at least once or execute a single trade within a period of 30 consecutive days.
Allowed without restriction during evaluation stage. Allowed with restriction on funded stage and instant accounts (Trades executed 5 minutes before and after a High Impact News event are subject to a 40% news profit split rule.)
Allowed (News trading allowed with 40% split rule on funded/instant).
Standard procedures; Maintain account integrity.
Funded accounts are expected to follow a 3% risk-per-trade guideline, where risk is the maximum potential loss on a trade based on stop loss placement (no stop-loss within 3 minutes counts as 100% risk). Breaking the guideline leads to profit reductions (50% on first violation, 100% on second) and eventually placement into the Disciplined Trader Program on the third violation.Drawdown Adjustment Rule for Instant accounts: If your 6% trailing Max Drawdown resets to the initial balance after reaching a 6% or more profit, maintain a profit buffer to keep trading. Withdrawing all profits will result in account closure.
Prohibited Trading Practices
- •You must use the same trading strategy and method (manual or EA) during both the Challenge and Funded Account. Switching between them is not allowed.
- •Utilizing specific asset classes, symbol categories, specific margin or risk usages to pass the evaluation phase and then switching to entirely different asset classes or symbol categories and significantly increasing the margin utilization or risk usages in the FundedNext Account, is prohibited.
- •Account rolling is strictly prohibited, buying multiple evaluations to sacrifice some while passing others is considered a high-risk, luck-based tactic that violates FundedNext’s principles of skill and responsible trading. Violations may lead to restrictions on new purchases or lifetime allocation limits.
- •One-sided Betting: One-Sided Betting is a gambling-like trading behavior where a trader takes concentrated directional exposure, opens multiple trades in the same direction, or enters reactive positions without sufficient consideration of market conditions, fundamental news, or technical analysis
- •Grid Trading: Grid trading is a strategy where a trader places multiple buy and sell orders at different price levels above and below the current market price. The goal is to profit from price fluctuations as the market moves up and down, hitting various price points.
- •Other prohibited trading strategies: https://help.fundednext.com/en/articles/8020351-what-are-the-restricted-prohibited-trading-strategies?q=risk
Payout Protocol
Processing & Cycles
Min Payout: Important Note: If payout is below $20, you can't withdraw.
Fast Track:
Profit Split: Up to 95%. 15% Profit Share in the Challenge Phase.
Withdrawal Options
Leverage Matrix
Available Challenges
Frequently Asked Questions
Does FundedNext allow news trading?
Allowed without restriction during evaluation stage. Allowed with restriction on funded stage and instant accounts (Trades executed 5 minutes before and after a High Impact News event are subject to a 40% news profit split rule.)
How long does it take to get paid at FundedNext?
Minimum payout is Important Note: If payout is below $20, you can't withdraw. with processing time of undefined. Profit Split: Up to 95%. 15% Profit Share in the Challenge Phase.
What are the consistency rules at FundedNext?
General: None
Are there any active promotions for FundedNext?
Check our verified deals section above for the latest active promotions and discount codes.
What trading platforms does FundedNext support?
FundedNext supports cTrader, Match Trader, MT4, MT5. You can choose your preferred platform during account setup.