TRADABLE MARKETS:
CFDs
CEO
Abdullah Jayed
Date Created
2022
FundedNext
Years In Operation:
3
Date Created
2022
4.6 out of 5
Trustpilot
CFDs
Firm Overview
PAYMENT METHODS:
Apple Pay
Credit/Debit Card
Crypto
Google Pay
PayPal
Skrill
PLATFORM:
Available Support Channels:
Discord
Email
Live Chat
Payout Methods:
Commissions
Stellar 1 Step and Stellar 2 Step
- Forex – $5/lot.
- Commodities – $5/lot.
- Indices – $0.
- Crypto – 0.04%/lot.
- Forex – $7/lot.
- Commodities – $7/lot.
- Indices – $0
- Crypto – 0.04%/lot.
Consistency Rules
- No consistency rules.
Firm Rules
- Weekend and Overnight Holding – Allowed on all accounts except Weekend holding on Express Consistency accounts.
- News Trading Rule – Evaluation Stellar and Stellar Lite (Challenge and Funded Phase) – News trading is allowed subject to the News Reward Share Rule:
- Trades executed 5 minutes before/after high-impact news event are subject to this rule.
- 40% of the profits made from these trades will be counted.
- Can hold running trades during high-impact events without restrictions.
- If the news does not directly impact the trading symbol, there are no restrictions.
- Inactivity Rule – Accounts expire after 30 days of inactivity. You must also complete KYC within 30 days of passing the challenge or the account will be marked inactive.
- 1% Risk Limit Rule – The 1% risk rule is applied to traders who don’t follow professional trading practices. If this rule is applied, traders must place a stop loss immediately.
- Overall Risk Limits – Recommend using a 3% risk maximum. If there is no stop-loss placed under 3 minutes, the trade will be considered 100% risk.
- 1st Violation – Reminder issued along with a 50% reduction of profit generated from trades.
- 2nd Violation – Full profit deducted and implementation of policies like the 1% Risk Limit Rule.
- 3rd Violation – Trader is moved to the Disciplined Trader Program.
- High Risk Practices – Defined as using 70% or more of the available margin. This applies to both Challenge and Funded Accounts.
Payout Policy
1 Step
- Profit Split – 90%. 15% Reward from Challenge.
- Must make 10% during the FundedNext Account to be eligible for the Reward from the challenge.
- No minimum trading day requirement.
- Trading Cycle – Spans 5 business days. After that, can request a payout.
2 Step
- Profit Split – 80% (upgradable to 90%). 15% Reward from Challenge.
- Must make 10% during the FundedNext Account to be eligible for the Reward from the challenge.
- No minimum trading days or profit requirements.
- Trading Cycle – First trading cycle is 21 days, and 14 days thereafter.
Lite
- Profit Split – 80% (upgradable to 90% by qualifying for the Scale-up Plan). No reward from the challenge phase.
- Trading Cycle – First trading cycle is 21 days, and 14 days thereafter.
Instant
- Profit Split – Tiered:
- Tier 1 & 2 – 70%.
- Tier 3+ – 80%.
- Minimum Balance for Payout – 1% in the current trading cycle.
- Trading Cycle – 14 day cycle.
- Can request a payout on demand at any time if your account grows 5% or more.
General Policies
- Minimum Withdrawals –
- Minimum Withdrawal via USDT – $20.
- Minimum Withdrawal via Rise – $50.
Payout Processing Time
- Payouts are issued within 24 hours.
KYC
- After completing the challenge and before receiving the funded account.
Restricted Countries
North Korea
Syria
Vietnam
Burundi
Comoros
Sri Lanka
Frequently Asked Questions
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FundedNext
- Yes, it is done so over a 4 month period. In that time you must: For more information: https://help.fundednext.com/en/articles/8019659-does-fundednext-offer-a-scale-up-plan
- Achieve a minimum of 10% cumulative profit.
- Receive at least 2 performance rewards.
- Last trading cycle should end in profit.
Yes, up to $300,000 provided they are in the same challenge.
Yes, at the first payout traders will get the refund along with their first performance reward. On the Stellar Lite, you get it on your third performance reward.
Traders can earn payouts on FundedNext forever as long as they do not breach any rules.
FundedNext Prop Firm Challenges
FIRM
ACCOUNT SIZE
PROFIT TARGET
DAILY LOSS
MAX LOSS
PROFIT SPLIT
PAYOUT FRE.
PRICE
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