FundedNext Review 2024 : Are the Negative Reviews Legit? 🤔

When I first started trading, I felt overwhelmed by the complexities of the market. My journey took a turn when I discovered FundedNext, a prop firm that not only supports traders but also shares in their success. While sharing my experience in this FundedNext review, we’ll also explore other aspects that are worth considering.

🪝 Hooking traders with offers of up to $300,000 in funding and 95% profit splits, FundedNext reels you in. But does the experience land, or will this prop firm have you throwing your line back out? While still relatively guppy compared to legacy titans ⚔️ like FTMO, FundedNext’s meteoric growth, and glowing reviews suggest its bite matches its bark.

Join us as we dissect this prop firm star. From funding models to fees, platforms to pairs, and everything in between, this FundedNext Review leaves no stone unturned.

Strap on your goggles and prepare for a deep dive into whether this prop firm sinks or swims.

FundedNext Review 2024 | What this Prop Firm Has Got for Us?

FundedNext stands out for providing skilled traders access to significant capital of up to $200,000 per account. Their evaluation process is very reasonable with profit targets of only 8% and 5% across two phases. Impressively, FundedNext shares 15% of the profits traders generate during the evaluation challenges!

Once funded, you can receive 80-90% payouts on your trading profits. FundedNext uses a balance-based maximum drawdown approach, so you won’t get stopped by a single losing day. They also offer free retries if you don’t pass the evaluation on your first try.

I really like that FundedNext has no time limits during their challenges. You can trade at your own pace and even hold positions overnight or during weekends. Their proprietary GrowthNext trading servers provide excellent execution speeds and super-tight spreads.

With strong account manager support, quick payout options, and a clear path to scale your account up to $4 million, FundedNext delivers an awesome funded trader experience. Their community on Discord is also super helpful for collaboration and continued learning.

A Quick Overview of FundedNext

Key Information	Details
👨‍💼 FundedNext CEO	Abdullah Jayed
FundedNext Profit Splits	15% profit sharing from the Challenge Phase Up to 90% profit share with a FundedNext Account 60% to 90% profit share in Express FundedNext account 80% to 90% profit share in Evaluation and Stellar FundedNext account
🗝️ FundedNext Key Features	No time limit on the challenge phase Balance-based drawdown Instant account access Pro support team Mobile Dashboard Advanced charting tools
🌚 FundedNext Trading Programs	Evaluation modelStellar ChallengeExpress FundedNext account
💹 Competitive Spreads	Raw spreads guaranteed, $3 per round lot on FX pairs & commodities, $0 per round lot on indices
📰 News Trading	Available
📈 Trading Leverage	1:100
⚖️ Jurisdiction	UAE
👇 FundedNext Lowest Package with Price	6K/$49
⚙️ Trading Platforms	MetaTrader 4 and 5
💸 Maximum Funding	Up to $200,000 with a growth potential of up to $4 million
💰 FundedNext Payout Options	Bank Transfer, Wise, Crypto, and Perfect Money
🤖 Expert Advisors	Available
🌃 Weekend Holding	Available
🈹 Reset Discount	Available
🦯 Consistency Rule	Available with a Non-Consistent Model
🪙 First Payout	Bi-Weekly
💵 Subsequent Payouts	Bi-Weekly

Why Choose FundedNext as a Prop Trading Firm in 2024?

Following are the FundedNext key features that make FundedNext a top choice for prop trading in 2024.

• Superior Trading Conditions: FundedNext leads the prop trading industry with its trading servers “GrowthNext” and “Inecenteco,” offering faster execution, super raw spreads, and the lowest commissions.
• Profit Sharing: FundedNext is the only prop firm to offer a 15% profit sharing from the profit you make during the challenge phases. This is to incentivize top traders and deliver on the promise of the world’s best payout bonuses.
• No Time Limit on Challenge Phase: FundedNext offers no time limits in its challenge, allowing traders to trade with complete peace of mind.
• Balance-Based Drawdown: FundedNext’s drawdown is intelligently calculated based on your balance, providing traders with the freedom to trade without unnecessary stress.
• Instant Account Access: With FundedNext, traders instantly get access to their trading account as soon as they complete the signup process.
• Pro Support: FundedNext provides expert technical support whenever you need assistance.
• High-Profit Split: FundedNext offers up to 95% profit sharing with the traders, recognizing their skills and efforts.
• Scale-Up Plan: FundedNext offers a $200,000 funding cap and a $4 million scale-up plan to its traders.
• Own MT4 Server: FundedNext has its own MT4 server, ‘Incenteco‘, providing an elevated trading experience.
• Global Community: FundedNext has a global community of traders, providing a platform to connect, share strategies, and learn from each other.
• 24/7 Customer Service: FundedNext’s customer service team is ready to serve you 24/7.

Models Offered by FundedNext

FundedNext basically offers 3 different models that include the Steller Model, the Evaluation Model, and the Express Model. It’s worth mentioning that the FundedNext Steller Model has both One Step Evaluation and Two Step Evaluation.

Let’s take a deeper dive into the models available on FundedNext:

1. FundedNext Stellar Challenge

FundedNext’s Stellar Challenge is a unique offering in the world of proprietary trading firms, designed to simplify the path to becoming a funded trader. Here’s what you need to know about this model:

• Simplified Rules: The Stellar Challenge boasts simpler rules compared to other challenge types, focusing on reaching a specific profit target without the pressure of a time limit.
• Profit Share: Traders start with a 15% profit share during the challenge phase, which can increase up to 90% in the funded account.
• No Time Limit: One of the most attractive features of the Stellar Challenge is the absence of a time limit to reach the profit target, allowing traders to operate without the stress of a ticking clock.
• Balance-Based Drawdown: The drawdown is calculated based on the account balance, providing traders with more flexibility and a safety net against volatile market conditions.
• Minimum Trading Days: The challenge requires a minimum of 5 trades, with no need for consecutive trading days, offering freedom in trading strategy and execution.
• Profit Targets: The challenge has realistic profit targets set for traders to achieve in order to progress to the funded account.
• Scaling Plan: FundedNext offers a generous scaling plan, with the potential for traders to access funding up to $4 million, depending on their chosen funding program option.

The Stellar Challenge is designed to cater to traders who prefer a less restrictive trading environment while still providing the opportunity to earn substantial profits and grow their trading accounts.

2. FundedNext Evaluation Model

FundedNext’s Evaluation Challenge is a two-phase program designed to assess and empower traders with the potential to manage up to $200,000 in funds. Here’s a concise overview of what traders can expect from this model:

• Two-Phase Assessment: The Evaluation Challenge consists of two phases, each with specific profit targets—10% in Phase 1 and 5% in Phase 2.
• Profit Sharing: Traders earn a 15% profit share during each assessment phase, providing an early reward for successful trading.
• Generous Profit Split: Once traders are funded, they enjoy an 80% profit split, which can increase to 90% as they progress.
• No Strict Time Limits: The challenge offers a relaxed timeframe, with Phase 1 allowing 4 weeks and Phase 2 extending to 8 weeks to meet targets.
• Drawdown Strategy: A balance-based drawdown approach is used, which offers a more flexible risk management system.
• Additional Time: If traders are profitable but haven’t met the Phase 1 target, they receive an extra 14 days to complete the challenge.
• Unlimited Retakes: FundedNext provides unlimited free retakes, ensuring that traders have ample opportunity to succeed.
• Bi-Weekly Payouts: Once in the funded account, traders can withdraw their share of the profits bi-weekly, enhancing the liquidity of their earnings.

3. FundedNext Express Model

FundedNext’s Express Challenge is a streamlined, one-step program that offers traders a direct route to a funded account. Here’s a brief overview of the Express Challenge:

• Single-Phase Goal: Traders aim to reach a 25% profit target without any time constraints.
• Initial Profit Split: Upon reaching the target, traders start with a 60% profit split in the funded account, which can increase up to 90% based on performance.
• No Time Limit: The absence of a time limit allows traders to focus on strategy and execution without the pressure of a deadline.
• Drawdown Rules: The challenge permits a maximum of 5% daily drawdown and a 10% overall loss from the initial balance.
• Minimum Trading Days: Traders are required to trade for at least 10 days, providing flexibility in trading frequency.
• Profit Share During Challenge: Traders earn a 15% profit share from any profits made during the challenge phase.
• Consistency Rule: The Express Model requires adherence to the consistency rule, ensuring disciplined trading behavior.

The Express Challenge is ideal for traders who prefer a more aggressive approach to reaching their funding goals, with the potential for rapid progression to a funded account and a substantial profit share.

---

FundedNext Pricing [FundedNext Review on Models]

FundedNext offers traders accessible routes to funded accounts, with packages starting at just $49. Here is the breakdown of its pricing:

Stellar Challenge Pricing

The Evaluation challenge involves a two-phase process, with profit targets of 8% and 10%. The drawdown is balance-based.

• $6,000 account: $65
• $15,000 account: $131
• $25,000 account: $219
• $50,000 account: $329
• $100,000 account: $571
• $200,000 account: $1099

Evaluation Challenge Pricing

The Evaluation challenge involves a two-phase process, with profit targets of 10% and 5%. Maximum drawdown is 10%.

• $6,000 account: $49
• $15,000 account: $99
• $25,000 account: $199
• $50,000 account: $299
• $100,000 account: $549
• $200,000 account: $999

Express Challenge Pricing

The Express challenge fast-tracks access to funding in one phase. Packages are identical to the Evaluation accounts. The profit target is 25% and the maximum drawdown is 10%.

• $6,000 account: $49
• $15,000 account: $99
• $25,000 account: $199
• $50,000 account: $299
• $100,000 account: $549
• $200,000 account: $999

FundedNext Trading Conditions: A Critical Analysis

FundedNext offers a unique set of trading conditions that cater to the needs of Forex traders looking to maximize their potential. Here’s a critical analysis of what you can expect when trading with FundedNext:

Profit Share During Challenge Phases: FundedNext sets itself apart by offering a 15% profit share from the profits made during the challenge phases.

No Time Limit on Challenges: Traders can work towards their profit targets without the pressure of a deadline, as there are no time limits imposed on the challenge phase.

Balance-Based Drawdown: The drawdown is calculated based on your balance, providing more flexibility and less stress when holding trades.

Competitive Trading Costs: Expect raw spreads and some of the lowest commissions in the industry, with $3/round lot on Currency Pairs & Commodities and $0/round lot on Indices.

Profit Split: Once you start trading with a FundedNext account, you can enjoy an 80% profit split, which can increase to 90% with the scale-up program, and even reach 95% if you choose the exclusive add-on feature.

Account Merging: Traders have the option to merge accounts up to $300,000, subject to certain conditions, such as both accounts being in the same challenge and having no open trades at the time of merging.

EAs and Indicators: FundedNext allows the use of Expert Advisors (EAs) and Indicators to assist in trading strategies, although traders must ensure their trading parameters are unique.

Trading Competition Rules: It’s important to note that during FundedNext’s trading competitions, the use of EAs is prohibited, and there are specific rules regarding minimum trading days, drawdown limits, and leverage.

Top FundedNext Alternatives: Comparing FundedNext with Other Prop Trading Firms

FundedNext offers a unique and flexible platform for Forex traders, with its varied funding models, competitive profit splits, instant account access, low commissions, and professional support. It is a prop trading firm that values trader profitability, offers flexibility, prioritizes reliability, and provides optimal trading conditions.

Here is a detailed comparison of FundedNext with its competitors:

Best FundedNext Alternative	FundedNext	FTMO	The Funded Trader
Profit Share From Challenge Phase Profits	15%	0%	0%
FundedNext Account Profit Share	95%	90%	90%
Profit Target	8%/5%	10%/5%	10%/5%
Drawdown	Balance Based	Balance Based	Equity Based
Account Reset Option	✔	🗶	🗶
One Step Challenge	✔	🗶	✔
Free Competitions	✔	🗶	✔
Global Meetup	4 Countries	0	0
Jurisdiction	UAE	Czech Republic	USA
Lowest Package with Price	6K/$49	10K/$169	5K/$65

Comparing Account Types and Challenge Models

FundedNext offers the most variety when it comes to account types and challenge models:

• Evaluation (Two-Step): Prove trading ability in two phases to get funded account access.
• Stellar (One-Step/Two-Step): Hit the profit target in one or two steps to get a funded account.
• Express: Hit a 25% profit target with no time limit to get a 60% profit split.

FTMO and The Funded Trader mainly focus on a single evaluation model.

Comparing Profit Splits and Payout Frequency

FundedNext stands out by offering:

• High profit splits of 80-90%.
• Option to get 95% profit split with add-on.
• 15% profit share during the challenge phase.
• Frequent and flexible payouts.

FTMO offers an 80% profit split while The Funded Trader offers 70%.

Comparing Fees and Subscription Costs

FundedNext has low one-time fees of $49 to $1099 depending on account size. There are no monthly fees. FTMO has slightly lower one-time fees but charges monthly fees. The Funded Trader has higher one-time fees.

Comparing the Trading Conditions

A key advantage of FundedNext is providing raw spreads and low $3 per lot commissions on FX and commodities. FTMO and The Funded Trader have wider average spreads.

Customer Support

All three firms offer 24/5 dedicated support via live chat, email, and messaging. FundedNext also provides quick access to support via their platform dashboard.

In summary, while all three firms have their strengths, FundedNext stands out for its variety of account types, high-profit splits, generous payouts, and excellent trading conditions. Its continual innovations and focus on traders make it a top choice.

Pros and Cons of Trading with FundedNext

FAQs on FundedNext Review

Wrapping Up on FundedNext Review

After thoroughly testing FundedNext’s trading services and support systems, I’m impressed with the overall experience they provide. Their generous profit splits, capital access up to $4 million, and balanced trading rules demonstrate a commitment to empowering skilled traders.

While no company is perfect, FundedNext responds well to user feedback and resolves most issues promptly. Their community engagement also facilitates valuable collaboration opportunities.

For traders seeking a prop firm that delivers on funding promises without unrealistic demands, FundedNext checks all the boxes. Backed by strong regulation and transparency, they’ve built a trusted brand in a short time.

I recommend considering FundedNext as their models balance accountability with flexibility for traders to maximize profits.

👉 Overall an awesome funded trading solution worth checking out.

I hope you found this comprehensive Fundednext review helpful.

Let me know in the comments if you have any other questions!