FundedNext Reviews

FundedNext is a proprietary trading firm based in the United Arab Emirates (UAE). Established in 2016, it has been operating successfully.

FundedNext is a proprietary trading firm based in the United Arab Emirates (UAE). Established in 2016, it has been operating successfully since its inception.

What can you trade with FundedNext?

FundedNext, a proprietary trading firm, offers funding for traders to engage in various trading assets including:

  1. Forex: Trade major, minor, and exotic currency pairs catering to the needs of Forex traders.
  2. Indices: Access a wide range of essential indices such as Dax, Nasdaq, Dow Jones, S&P500, FTSE, and more through CFDs.
  3. Commodities: Trade Crude and Brent Oil to take advantage of the commodity market.
  4. Metals: Engage in the trading of Silver and Gold, enabling opportunities in the precious metals sector.

With FundedNext, traders can explore a diverse portfolio of trading instruments.

What are the FundedNext account ?

FundedNext provides funding to traders with account balances ranging from $15,000 to $200,000, aligning with the industry norms.

To gain access to a funded account, traders must select and successfully complete a Funding Model. The cost of the Funding Model varies depending on the desired account size.

The pricing for smaller funded accounts begins at $99 and scales up to $999 for larger accounts.

What is the FundedNext leverage ?

FundedNext offers a consistent leverage of 1:100 across all Funding Models, maintaining the standard for Forex trading. However, it's worth noting that leverage for trading Indices, Commodities, and Metals may differ and typically is lower than 1:100.

The payout from FundedNext varies depending on the chosen Funding Model:

Evaluation Funding Model: Initially, traders receive an 80% profit split, which can be increased to 90%. Express Funding Model: The first withdrawal yields a 60% payout, the second withdrawal provides a 75% profit share, and subsequent withdrawals grant a 90% profit share. Additionally, FundedNext introduces an innovative feature where traders receive a monthly profit share, even while trading in a demo account. During the demo phase, traders enjoy a 15% profit share every month until transitioning to a real account. Click the link below to learn more.

FundedNext Reviews

According to Trustpilot, FundedNext has an excellent classification. It’s scoring 4.6/5.0 after almost 4,000 reviews from users.

FundedNext Funding Model-1: Evaluation

FundedNext's Evaluation Funding Model provides traders with an opportunity to obtain a funded account by successfully completing two phases. Each phase has specific requirements to fulfill, ensuring traders meet certain profit targets and drawdown limits. Here's a breakdown of the phases:

Phase 1: In this phase, traders must achieve a profit target within a four-week trading period, while adhering to the following guidelines:

  • Daily drawdown: Keep the maximum daily drawdown within 5% of the initial account balance.
  • Overall drawdown: Maintain the overall drawdown below 10% of the initial account balance.
  • Profit target: Reach a 10% profit.
  • Trading period: Aim to achieve the profit target within four consecutive trading weeks.
  • Minimum trading days: Execute trades on at least five different trading days.

Phase 2

When it comes to phase 2, the profit target decreases, and the trading period to achieve the target increases. Here are all the details:

  • Daily drawdown: Maximum of 5% of the initial account balance.
  • Overall drawdown: Maximum of 10% below the initial account balance.
  • Profit target: 5%
  • Trading period: You need to achieve the profit target within 8 trading weeks.
  • Minimum trading days: You need to open trades on at least 5 different days.

FundedNext Funding Model-2: Express

This model is a bit different than Model 1. It only has a single phase instead of two.

Now you don’t have a time limit to achieve your profit, but the profit target also increased. This model allows traders to get funded in as fast as 10 days.

  • Daily drawdown: Maximum of 5% of the initial account balance.
  • Overall drawdown: Maximum of 10% below the initial account balance.
  • Profit target: 25%
  • Trading period: There’s no maximum, you can take as much time as you need to achieve the profit target.
  • Minimum trading days: You need to open trades on at least 10 different days every 4 weeks.

FundedNext Platforms

FundedNext gives you access to the most popular trading platform used by Forex brokers.

You can use:

  • MetaTrader 4

MT5 is not available at the moment, but they state they are working to introduce more trading platforms, including MT5.

Is FundedNext Legit?

Yes, FundedNext is a legit company.

Here are the contacts to reach them:

  • Email: support@fundednext.com
  • Address: Office No. 7, AI Robotics HUB, C1 Building, AFZ, Ajman, UAE

Recap

  • FundedNext is a prop trading firm based in the UAE.
  • You can get a funded account with up to $200,000 in balance and up to 90% profit split payout.
  • To get access to a funded account you need to pass one of the Funding Models.
  • The Express Funding Model is the fastest one, giving you the ability to get funded in as low as 10 days.
  • You can trade Forex, Indices, Metals, and Commodities with FundedNext.
  • The popular MT4 platform is available to trade.

FAQ's 

What is FundedNext?

FundedNext is a proprietary trading firm that provides funding to traders to engage in Forex and other CFDs trading assets.

How does FundedNext work?

Traders can apply to FundedNext and choose a Funding Model. Upon successful completion of the evaluation process, traders can receive a funded account to trade with.

What assets can I trade with FundedNext?

FundedNext allows trading in Forex, including major, minor, and exotic pairs. Traders can also trade Indices, Commodities (such as Crude and Brent Oil), and Metals (Silver and Gold).

What is the leverage offered by FundedNext?

FundedNext offers a leverage of 1:100 across all Funding Models, which is standard for Forex trading. Leverage for other asset classes may vary.

How much is the FundedNext payout?

The payout depends on the chosen Funding Model. The Evaluation Funding Model initially offers an 80% profit split, which can be scaled up to 90%. The Express Funding Model has varying profit share percentages based on the number of withdrawals made.

What are the requirements for passing the Evaluation phase?

During the Evaluation phase, traders must achieve a profit target within four trading weeks while adhering to specific drawdown limits. These include a maximum daily drawdown of 5% and an overall drawdown below 10% of the initial account balance.

Can I receive a profit share while trading in a demo account?

Yes, FundedNext offers a 15% profit share every month for traders who are trading in a demo account until they transition to a real account.

 

US Traders Accepted
yes
Bonus Type
No
Deposit Options
No
Deposit Currencies
USD, EUR, GBP
Trading Platform
MT4
Advantage
  1. Funding Opportunity: FundedNext provides traders with the opportunity to receive funding and trade with a funded account.
  2. Diverse Trading Instruments: Traders can access various trading instruments, including Forex, Indices, Commodities, and Metals.
  3. Profit Sharing: FundedNext offers profit sharing with traders, allowing them to earn a percentage of the profits generated.
  4. Demo Account Profit Share: Traders can receive a profit share while trading in a demo account, providing an additional incentive during the learning phase.
  5. Flexible Funding Models: FundedNext offers different funding models, allowing traders to choose the one that suits their trading goals and risk tolerance.
Disadvantage
  1. Limited Information: Detailed information about FundedNext’s services, fees, and specific terms may not be readily available, requiring direct contact with the company for more comprehensive information.
  2. Leverage Limitation: While FundedNext offers a leverage of 1:100, it may be lower for certain asset classes, such as Indices, Commodities, or Metals.
  3. Evaluation Process: Traders need to pass an evaluation process to obtain a funded account, which may have specific requirements and timeframes.
  4. Funding Model Costs: The cost of the Funding Model varies depending on the desired account size, and traders need to consider these costs in addition to their trading performance.