Pricing
The evaluation model range from:
- $49 for a $6,000 funded account
- $99 for a $15,000 funded account
- $199 for a $25,000 funded account
- $299 for a $50,000 funded account
- $549 for a $100,000 funded account
- $999 for a $200,000 funded account.
The express model range from:
- $49 for a $6,000 funded account
- $99 for a $15,000 funded account
- $199 for a $25,000 funded account
- $299 for a $50,000 funded account
- $549 for a $100,000 funded account
- $999 for a $200,000 funded account
The Stellar Challenge range from:
- $59 for a $6,000 funded account
- $119 for a $15,000 funded account
- $199 for a $25,000 funded account
- $299 for a $50,000 funded account
- $519 for a $100,000 funded account
- $999 for a $200,000 funded account
Platform
Website, mobile app
Pros
- Profit sharing of 15% from the demo phase.
- Up to 90% profit split.
- Trader-Friendly leverage
- Working with a trusted & Regulated Broker with an ASIC-regulated broker ‘EightCap’.
- It doesn’t have many restrictions
- One-step assessment procedure
Cons
- New prop firm
- Limited Trading Platforms
- Less accessible for those with smaller capital
Customer Service
24/7 via Email or Live Chat, Facebook community
FundedNext Review
Incorporated on March 18, 2022, FundedNext is a brand-new prop firm. However, they do have a 4.5/5 rating and a credible review on Trustpilot. If you’re interested in applying for funds from FundedNext, their office address is apparent, and despite their age, they have a lot of information online.
About My FundedNext
FundedNext is a global proprietary platform that was founded on March 18th, 2022, with registered and operational offices in the UAE, the United States, the United Kingdom, and Bangladesh. FundedNext is a division of Next Ventures, a fintech firm. It was created by Syed Abdullah Jayed, an undergraduate at North South University. Next Ventures has been developing several B2B products and solutions for the trading community and financial institutions for some time.
The company’s headquarters are in the United Arab Emirates. To provide their customers with the finest service possible, they choose “Eightcap” as their broker. Since its founding in 2009, Eightcap has built a solid reputation as a broker. They offer the lowest spreads on the MT4 trading platform and are ASIC-regulated. They also have a rock-solid, dependable infrastructure, and transparent, attentive service.
Who Should Use FundedNext?
Traders of all skill levels, from beginners to experienced, benefit from having attainable profit goals and regulations to follow.
Is FundedNext Legit?
Yes, FundedNext is legit. They are progressively growing to be among the biggest prop companies. Traders have already received their payouts, and many payout proofs are available.
FundedNext Platform & Features
Stellar Plan
FundedNext’s Stellar Plan offers traders a range of account sizes, starting at $6,000 and going up to $200,000. The fees for these accounts are $65, $129, $219, $329, $569, and $1,099 respectively. This plan is structured to have a profit target of 10%, a maximum daily loss limit of 3%, and an overall loss limit of 6%. Traders are required to trade for a minimum of 2 days to qualify for the profit split, which can go up to 95%. The first reward is available after 5 days of trading. Additionally, this plan allows for news trading, providing flexibility in trading strategies.
Evaluation Plan
The Evaluation Plan at FundedNext is designed for traders who prefer a structured progression. Account sizes range from $6,000 to $200,000, with corresponding fees of $49, $99, $199, $299, $549, and $999. This plan involves a two-phase profit target: 10% for Phase 1 and 5% for Phase 2. The maximum daily loss is capped at 5%, with an overall loss limit of 10%. A minimum of 5 trading days is required, and profit splits can reach up to 95%. Monthly rewards are given, and news trading is permitted, ensuring that traders can take advantage of market-moving events.
Express Lite Plan
The Stellar Lite Plan is ideal for traders preferring smaller accounts. Available account sizes include $5,000, $10,000, $25,000, and $50,000, with fees of $32, $59, $139, and $229 respectively. This plan features a two-phase profit target: 8% for Phase 1 and 4% for Phase 2. The maximum daily loss is set at 4%, with an overall loss limit of 8%. A minimum of 5 trading days is required, and profit splits can reach up to 95%. Monthly rewards are available, and news trading is permitted, making this plan suitable for traders who are looking to start with smaller capital.
Broker and Infrastructure
FundedNext collaborates with EightCap, an ASIC-regulated broker known for offering competitive spreads on the MT4 trading platform. This partnership ensures traders benefit from a reliable and transparent trading environment, with robust risk management measures and a solid infrastructure to support their trading activities. Each plan is designed to offer flexibility, attainable profit goals, and a supportive trading environment, making FundedNext an appealing option for traders at all levels of experience.
Ease of Use
FundedNext differs from most industry-leading prop firms in offering two distinct funding schemes. Furthermore, they provide traders with very liberal trading guidelines, making them a good alternative no matter what type of trader you are.
On their website, FundedNext doesn’t offer any educational material. Another thing FundedNext offers its traders is a well-structured dashboard that all its clients can view, making it easier to manage risk with all of their statistics’ objectives.
FundedNext Pricing
FundedNext offers a variety of pricing plans tailored to different trader needs.
Stellar Plan: The Stellar Plan fees range from $65 to $1,099, depending on the account size. This plan includes account sizes starting at $6,000 and scaling up to $200,000. It features a 10% profit target, a 3% maximum daily loss, and a 6% overall loss limit.
Evaluation Plan: The Evaluation Plan is priced between $49 and $999, accommodating account sizes from $6,000 to $200,000. This plan involves a two-phase evaluation with profit targets of 10% for the first phase and 5% for the second phase. It has a 5% maximum daily loss and a 10% overall loss limit.
Express Plan: The Express Plan also ranges from $49 to $999 for account sizes between $6,000 and $200,000. This single-phase plan targets a 25% profit goal, with a maximum daily loss of 5% and an overall loss limit of 10%.
Stellar Lite Plan: The Stellar Lite Plan is designed for smaller accounts, with fees ranging from $32 to $229 for account sizes between $5,000 and $50,000. It features an 8% profit target for the first phase and a 4% target for the second phase, along with a 4% maximum daily loss and an 8% overall loss limit.
Each plan is designed to accommodate different trading strategies and capital levels, ensuring flexibility and robust risk management for all traders.
How to Open an Account?
Here are the steps to open a FundedNext account:
- Choose the funding model.
- Pick the price that suits your budget.
- Provide your personal information and complete your order.
- Start to trade.
In Conclusion
In conclusion, FundedNext’s innovative approach offers traders a clear path to financial independence through funded accounts. Syed Abdullah Jayed’s vision has given rise to a platform that empowers traders of all levels, fostering growth, transparency, and opportunity. Whether embarking on the Stellar Challenge, Evaluation, or Express route, FundedNext opens doors to success in the dynamic world of proprietary trading.
Utilizing a platform that works with Eightcap as their broker, their headquarters are located at the following address in Ajman, United Arab Emirates: AI Robotics HUB, C1 Building, AFZ. Founded on March 18th, 2022, FundedNext has swiftly positioned itself as a rising star in the realm of proprietary trading. With a solid Trustpilot rating of 4.7/5, this brand-new prop firm is gaining traction, boasting transparent operations and a growing online presence.
FundedNext’s offerings encompass three distinctive funding models: the Stellar Challenge, Evaluation, and Express. The Stellar Challenge stands out, enabling traders to operate without a consistency rule, and fostering a growth-oriented approach. Traders can advance through two steps, targeting profits of 10%, P1: 8%, and P2: 5%, with controlled risk management measures ensuring maximum daily and overall loss limits.
Funded Next Review Overall
FundedNext offers flexible trading plans with account sizes from $5,000 to $200,000. Their pricing ranges from $32 to $1,099, featuring various profit targets and loss limits. They provide robust educational resources, up to 95% profit splits, and partner with the ASIC-regulated broker EightCap. Customer support is available 24/7.
Pros
- Offers various plans to suit different trading styles and capital levels.
- Fees range from $32 to $1,099, making it accessible for traders with different budgets.
- Up to 95% profit split, which is highly competitive.
Cons
- Only offers the MT4 trading platform, whereas competitors may offer multiple platforms.
- Offers lower leverage compared to some competitors.
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