FundedNext – Firm Review
- Rapid payouts
- Client Centric approach
- Great features
- Evaluation and verification periods that cater to your needs
- Great Customer Service
Company Overview
Funded Next is a leading proprietary trading firm that provides traders access to substantial capital through its challenge-based funding model. Founded in 2020, Funded Next has quickly established itself as a reliable option for both novice and experienced traders looking to scale their trading careers without risking their own capital. The company offers various evaluation programs where traders can prove their skills before gaining access to funded accounts ranging from $10,000 to $200,000.
What sets Funded Next apart is its trader-focused approach, offering competitive profit splits up to 90%, one-step evaluation options, and unique features like scaling plans that allow successful traders to increase their account sizes. With offices in the UAE and a global trader base, Funded Next combines accessible entry requirements with professional trading conditions across forex, indices, commodities, and cryptocurrency markets.
Key Features at a Glance
Challenge Fees
- Standard Challenge – Two-phase evaluation starting from $99 for $10,000 accounts, with 8% profit target in each phase
- Professional Challenge – More flexible rules with higher fees, starting from $199 for $10,000 accounts
- Easy Next Challenge – One-phase evaluation option with simpler rules, higher fees but faster funding process
- Express Next – Direct funding option with no evaluation phase, higher fees but immediate access to funded account
Account Types
- Standard Challenge: Traditional two-phase model with consistent rules across both evaluation phases
- Professional Challenge: Higher flexibility with relaxed trading rules for experienced traders
- Easy Next Challenge: Simplified one-phase evaluation for faster funding access
- Express Next: Immediate funded account with no evaluation, suitable for proven traders
Profit Split Options
- Standard Split: 80/20 profit split (80% to trader, 20% to Funded Next)
- Premium Split: 90/10 profit split available for larger account sizes
- Scale-Up Program: Increased profit splits for consistent performers (up to 90%)
- Express Account Split: 50/50 initial split that increases to 80/20 after performance milestones
Account Sizes
- $10,000: Entry-level account with lowest challenge fee ($99 for Standard)
- $25,000: Mid-tier account with balanced risk parameters
- $50,000: Advanced trader account with higher profit potential
- $100,000: Professional trading account for experienced traders
- $200,000: Maximum account size with highest earning potential
Trading Platforms
- MetaTrader 4 (MT4): Classic platform with extensive indicator library and EA support
- MetaTrader 5 (MT5): Advanced platform with additional timeframes and analytical tools
- TradingView: Web-based charting platform with social trading features (integration for execution)
- cTrader: Institutional-grade platform with advanced order types and depth of market features
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock indices including US30, S&P 500, NASDAQ, and international markets
- Commodities: Energy (oil, natural gas), metals (gold, silver), and agricultural products
- Cryptocurrencies: Major crypto pairs including Bitcoin, Ethereum, and other altcoins
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 8% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 5 days | 5 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 10% | 5% |
| Daily Drawdown | 6% | 6% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 4 days | 4 days |
Challenge Specifications
- Max Allocation: Up to $200,000 initial funding with opportunities to scale
- Scaling: Account size can grow by up to 25% after every four profitable months
- Trading Competitions: Monthly contests with prizes including funded accounts and cash rewards
- Free Trial: 7-day demo account available to test trading conditions
- Profit Targets: 8-10% for Challenge Phase, 5% for Verification Phase (depending on program)
- Drawdown Structure:
- Daily: 5-6% maximum loss allowed in a single trading day
- Maximum: 10-12% overall account drawdown limit
- Trailing: No trailing drawdown, fixed from initial balance
Trading Rules and Requirements
- Maximum trade lot size is 15 lots (standard) per position
- Weekend holding is permitted with reduced leverage
- No overnight restrictions except on specific high-volatility events
- News trading allowed but not recommended during major announcements
- Expert Advisors (EAs) and automated strategies permitted
- Hedging allowed across all account types
- Minimum trading days requirement must be met (4-5 days depending on program)
- Prohibited strategies include arbitrage, latency exploitation, and coordinated trading
Company Information
- Founded in 2020 and headquartered in Dubai, UAE
- Regulated by financial authorities in multiple jurisdictions
- 24/7 customer support via live chat, email, and phone
- Serves traders in over 180 countries globally
- Offers educational resources including webinars and trading courses
- Active community with over 50,000 traders
Payout Methods
- Bank Transfer (3-5 business days)
- PayPal (1-2 business days)
- Cryptocurrency (Bitcoin, Ethereum) (Same day)
- Skrill (1-2 business days)
- Wise (2-3 business days)
Trading Commissions
- Forex: $7 per lot round turn ($3.5 per side)
- Indices: $7 per lot round turn
- Commodities: $7-10 per lot round turn depending on the instrument
- Cryptocurrencies: 0.05% of trade value
- All trading costs are factored into profit calculations
IP Rules
- Account access from different IP addresses is permitted after verification
- VPN usage allowed but must be disclosed in advance
- Trading from different locations requires prior notification
- Multiple accounts can be managed from the same IP with proper documentation
- Account sharing is strictly prohibited
Video Review
Funded Next Review
Comprehensive review of Funded Next trading services
Unique Features
Trader-Friendly Policies
- No time limit to complete challenges
- Same-day account approval after passing verification
- Account reset option available for a fee
- Free retake of challenge for traders who reach 90% of profit target
Growth Opportunities
- Scaling program with up to 25% account growth every 4 months
- Talent acquisition program for consistently successful traders
- Trading competitions with funded accounts as prizes
- Performance-based bonus system for funded traders
Why Choose Funded Next?
Funded Next offers a compelling combination of trader-friendly conditions and professional opportunities that set it apart from other prop firms. Their focus on sustainable trading rather than unrealistic profit targets creates an environment where disciplined traders can thrive.
Key advantages include:
- No time restrictions on challenge completion
- Competitive profit splits up to 90%
- Scaling program for continuous account growth
- Multiple challenge options to suit different trading styles
- Immediate payout processing with no delays
- Real customer support from experienced traders
- Educational resources and community support
Frequently Asked Questions
How long does it take to get funded?
The time to get funded varies depending on your trading performance. Since there’s no time limit to complete the challenges, you can progress at your own pace. Typically, successful traders complete the Standard Challenge in 2-4 weeks. Once you pass the Verification Phase, your funded account is usually set up within 24-48 hours.
Can I hold positions over the weekend?
Yes, Funded Next allows weekend holding across all account types and challenges. However, it’s important to note that during weekends, leverage is automatically reduced to protect against gap risks. Make sure your account has sufficient margin to maintain positions through these leverage adjustments.
What happens if I break a rule?
Rule violations are handled on a case-by-case basis. Minor violations typically result in warnings, while serious breaches like exceeding maximum drawdown limits will lead to account termination. Funded Next does offer a “second chance” policy for traders who accidentally breach a rule but have shown consistent profitability.
Can I trade news events?
Yes, news trading is permitted at Funded Next. However, during major economic releases and high-impact news events, it’s recommended to manage position sizes carefully as volatility can trigger drawdown limits. The firm occasionally sends notifications about specific high-impact events where extra caution is advised.
How often can I withdraw profits?
For funded accounts, profit withdrawals are processed bi-weekly (every two weeks). There is no minimum withdrawal amount, and traders receive between 80-90% of the profits generated, depending on their account level and performance history. Withdrawal requests are typically processed within 2-3 business days.
