FundedNext vs Sway Funded - Prop Firm Comparison
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Introduction
When comparing prop trading firms, FundedNext and Sway Funded each offer distinct paths to funded trading. FundedNext is UAE-based, founded in February 2024, 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. Sway Funded, based in Saint Lucia, was founded in 2024 and stands out for $10 entry – lowest in industry, Weekly payouts, holding a Not yet rated 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 | Sway Funded - Elite |
|---|---|---|
| 
| |
| Founded | 2022 | 2024-02 |
| Profit Split | 95 | 80-90% |
| Maximum Account Size | $4,000,000 | $200,000 |
| Evaluation Phases | — | 2 |
| Trustpilot Rating | 4.5 | — |
| Expert Grade | 8.6 | 8.1 |
Program Types
| Program | FundedNext | Sway Funded - Elite |
|---|---|---|
| Entry Level Program | Stellar Lite | Yes |
| Advanced Program | Stellar 2-Step | Yes |
| Scaling Options | Stellar 1-Step | Yes |
| Demo Account | No | Yes |
Rules & Assessment
| Criteria | FundedNext | Sway Funded - Elite |
|---|---|---|
| Profit Target | 10% (1-Step), 8%/5% (2-Step), 8%/4% (Lite) | 10% p1, 5% p2 (Standard); 8% p1, 4% p2 (Professional) |
| Maximum Drawdown | 6% trailing (1-Step), 10% static (2-Step), 8% static (Lite) | 10-12% |
| Minimum Trading Days | 2 (1-Step), 5 each (2-Step/Lite) | 5 (challenge), 3 (verification) |
| News Trading | Yes | Yes |
Fees & Pricing
| Option | FundedNext | Sway Funded - Elite |
|---|---|---|
| $10K Account | Not offered | USD 66 / Listed challenge / One-time |
| $25K Account | USD 199.99 / Listed challenge / One-time | USD 156 / Listed challenge / One-time |
| $50K Account | USD 299.99 / Listed challenge / One-time | USD 289 / Listed challenge / One-time |
| $100K Account | USD 549.99 / Listed challenge / One-time | USD 499 / Listed challenge / One-time |
| $200K Account | USD 1099.99 / Listed challenge / One-time | USD 849 / Listed challenge / One-time |
| Coupons / Discount | FundedNext discount | Sway Funded - Elite discount |
Platforms & Markets
| Feature | FundedNext | Sway Funded - Elite |
|---|---|---|
| Trading Platforms | MT4, MT5, cTrader, TradeLocker | Liquid Charts, Liquid Charts Pro |
| Forex | Yes | Yes |
| Stocks | No | Yes |
| Indices | Yes | Yes |
| Commodities | Yes | Yes |
| Cryptocurrencies | Yes | Yes |
| Bonds | No | — |
| EA/Algo Trading | — | No |
Payout
| Feature | FundedNext | Sway Funded - Elite |
|---|---|---|
| Payout Terms | 21-day cycle (14-day available as add-on) | Bitcoin, Ethereum, USDT (1.5% withdrawal fee, typically 24 hours) |
| See all prop firm payouts → | ||
Verdict
| Key Element | FundedNext | Sway Funded - Elite |
|---|---|---|
| Strengths | Up to 95% profit split, 15% challenge-phase reward, No consistency rule, $4M scaling potential | No trailing drawdown, No consistency rule, No overnight holding restrictions, Weekend holding permitted, No time limits, Active in 150+ countries |
| Weaknesses | No fee refund on failure, Complex add-on pricing, January 2026 scale-up rule change | Relatively new firm (founded Feb 2024), Proprietary platform only, 1.5% withdrawal fee, No phone support, Not regulated broker |
| Best For | Traders seeking high profit splits with flexible trading rules | Traders seeking flexible challenge formats with no time pressure |
FAQ
What makes FundedNext stand out among prop firms?
FundedNext, based in UAE, was founded in February 2024 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 Sway Funded differ from other prop firms?
Sway Funded, based in Saint Lucia and founded in 2024, differentiates itself through $10 entry – lowest in industry, Weekly payouts. With a 80–90% profit split and 2-Step, 1-Step, Instant evaluation, it is particularly suited to budget-conscious traders wanting low-cost entry.
Which firm offers better payouts – FundedNext or Sway Funded?
FundedNext offers a up to 95% profit split with On-demand (bi-weekly minimum) payouts processed in 24-48 hours. Sway Funded offers a 80–90% profit split with Weekly payouts in 1-2 days. 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 Sway Funded is better aligned with budget-conscious traders wanting low-cost entry. 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 Sway Funded. 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 Sway Funded review to go deeper.
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