FundedNext vs The Concept Trading - Prop Firm Comparison
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Introduction
When comparing prop trading firms, FundedNext and The Concept Trading each offer distinct paths to funded trading. FundedNext is UAE-based, founded in 2022, and is known for 66,000+ Trustpilot reviews – most reviewed prop firm, Up to 95% profit split. It holds a 4.5/5 (70,215 reviews (June 2026)) Trustpilot rating. The Concept Trading, based in Maroochydore, Queensland, Australia, was founded in 2021 and stands out for No daily loss limit – static drawdown only, ASIC-regulated structure (Vested Equities AFSL), holding a 4.6/5 (443 reviews) Trustpilot rating. Both firms provide paths to funded accounts, but their evaluation structures, pricing, and trader benefits differ in key ways that may suit different trader profiles.
Quick Facts
| Feature | FundedNext | The Concept Trading |
|---|---|---|
| 
| |
| Founded | 2022 | 2021 |
| Profit Split | 95 | 50% all levels except top (90%) |
| Maximum Account Size | $4,000,000 | $5,000,000 |
| Evaluation Phases | — | — |
| Trustpilot Rating | 4.5 | 4.7 |
| Expert Grade | 8.6 | 9.1 |
Program Types
| Program | FundedNext | The Concept Trading |
|---|---|---|
| Entry Level Program | Stellar Lite | AUD 65 |
| Advanced Program | Stellar 2-Step | AUD 19997 |
| Scaling Options | Stellar 1-Step | Yes |
| Demo Account | No | Yes |
Rules & Assessment
| Criteria | FundedNext | The Concept Trading |
|---|---|---|
| Profit Target | 10% (1-Step), 8%/5% (2-Step), 8%/4% (Lite) | 6-10% |
| Maximum Drawdown | 6% trailing (1-Step), 10% static (2-Step), 8% static (Lite) | 3-10% static |
| Minimum Trading Days | 2 (1-Step), 5 each (2-Step/Lite) | — |
| News Trading | Yes | Yes |
Fees & Pricing
| Option | FundedNext | The Concept Trading |
|---|---|---|
| $5K Account | Not offered | AUD 65 / Foundation / One-time |
| $10K Account | Not offered | AUD 110 / Foundation / One-time |
| $25K Account | USD 199.99 / Listed challenge / One-time | AUD 260 / Foundation / One-time |
| $50K Account | USD 299.99 / Listed challenge / One-time | Not offered |
| $100K Account | USD 549.99 / Listed challenge / One-time | Not offered |
| $200K Account | USD 1099.99 / Listed challenge / One-time | Not offered |
| Coupons / Discount | FundedNext discount | The Concept Trading discount |
Platforms & Markets
| Feature | FundedNext | The Concept Trading |
|---|---|---|
| Trading Platforms | MT4, MT5, cTrader, TradeLocker | MetaTrader 5, TradeLocker |
| Forex | Yes | Yes |
| Stocks | No | — |
| Indices | Yes | — |
| Commodities | Yes | — |
| Cryptocurrencies | Yes | Yes |
| Bonds | No | — |
| EA/Algo Trading | — | Yes |
Payout
| Feature | FundedNext | The Concept Trading |
|---|---|---|
| Payout Terms | 21-day cycle (14-day available as add-on) | Once per calendar month (Bank transfer, Crypto, Revolut, PayPal) |
| See all prop firm payouts → | ||
Verdict
| Key Element | FundedNext | The Concept Trading |
|---|---|---|
| Strengths | Up to 95% profit split, 15% challenge-phase reward, No consistency rule, $4M scaling potential | Static drawdown, no daily drawdown, permissive rules, EAs/HFT allowed, low entry fees |
| Weaknesses | No fee refund on failure, Complex add-on pricing, January 2026 scale-up rule change | Misleading 90% marketing, one payout/month only, 30-day invoice deadline, capped profits, new discretionary clause |
| Best For | Traders seeking high profit splits with flexible trading rules | Long-term scalers seeking trading freedom, not monthly income seekers |
FAQ
What makes FundedNext stand out among prop firms?
FundedNext, based in UAE, was founded in 2022 and is best known for 66,000+ trustpilot reviews – most reviewed prop firm, up to 95% profit split. With a minimum evaluation cost of $65 and a up to 95% profit split, it offers a strong value proposition for traders who want verified payout track record.
How does The Concept Trading differ from other prop firms?
The Concept Trading, based in Maroochydore, Queensland, Australia and founded in 2021, differentiates itself through No daily loss limit – static drawdown only, ASIC-regulated structure (Vested Equities AFSL). With a 50–90% profit split and 1-Step (Traditional/Premier/Empire/Xtreme), 2-Step (Foundation), Instant evaluation, it is particularly suited to traders who want maximum rule simplicity and huge scaling.
Which firm offers better payouts – FundedNext or The Concept Trading?
FundedNext offers a up to 95% profit split with On-demand (bi-weekly minimum) payouts processed in 24-48 hours. The Concept Trading offers a 50–90% profit split with Weekly (top-level / 90% Lock Rule); per-level otherwise payouts in 24-48 hours. The better choice depends on whether you prioritise split percentage or payout frequency.
Are these prop firms suitable for beginners?
Both firms can accommodate beginners, but with different considerations. FundedNext is best suited to Traders who want verified payout track record, while The Concept Trading is better aligned with traders who want maximum rule simplicity and huge scaling. New traders should start with the smallest available account size and thoroughly review all rules before committing.
What happens if I fail the evaluation at either firm?
Most prop firms allow traders to purchase a reset to restart their evaluation phase, typically at 40-50% of the original fee. Neither firm penalises future attempts based on previous failures. Check each firm’s official site for current reset pricing and terms.
How was this Comparison Created?
1. We Collect
Our research team gathered data directly from the official websites, terms of service documents, and public communications of both FundedNext and The Concept Trading. We supplemented this with verified user reviews on Trustpilot and trading community forums, and consulted active traders with first-hand experience at each firm.
2. We Examine
Our team of professional traders verified all information, cross-checking accuracy against each firm’s current platform, evaluation parameters, and pricing pages. Special attention was paid to profit split structures, drawdown rules, and payout conditions to ensure our assessment reflects the real trader experience.
3. We Score
We apply a scoring methodology across seven key categories: evaluation structure, trading conditions, costs and fees, platform quality, profit potential, customer support, and educational resources. Each category is weighted by importance to traders at different experience levels.
4. You Choose
This comparison is designed to help you identify which firm better aligns with your trading style, experience level, and goals. Consider your priorities – evaluation flexibility, profit split, platform preference, and firm track record – then visit each firm’s full review on JoinProp for the complete picture. Read the FundedNext review or read the The Concept Trading review to go deeper.
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