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Funded Next is an emerging proprietary trading firm that has gained significant traction in the prop trading industry. It provides funding to aspiring traders, enabling them to leverage capital without risking their own money. In this comprehensive review, we will explore all aspects of Funded Next, including its offerings, evaluation process, pricing, pros and cons, and user feedback.
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What is Funded Next?
Funded Next is a proprietary trading firm that offers traders access to capital in exchange for a share of the profits. The firm provides an opportunity for skilled traders to prove their abilities through an evaluation process and, if successful, manage significant amounts of capital.
Key Features
- Evaluation Phases:
- Two-step evaluation process to assess trading skills.
- Traders must achieve a set profit target within a defined risk management framework.
- Funded Account Options:
- Accounts ranging from $5,000 to $200,000.
- Scaling opportunities for consistent traders.
- Profit Sharing:
- Competitive profit split of up to 90% for traders.
- Consistent payouts with multiple withdrawal options.
- Risk Management Rules:
- Daily loss limits and overall drawdown restrictions.
- Strict adherence to trading strategies and guidelines.
- Trading Platforms Supported:
- MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
- Compatibility with Expert Advisors (EAs) and various trading styles.
Evaluation Process
Funded Next follows a structured two-step evaluation process to identify profitable traders:
Step 1: Evaluation Phase
- Traders are required to achieve a profit target (e.g., 10%) within a set number of trading days.
- Drawdown limits apply, ensuring disciplined risk management.
Step 2: Verification Phase
- A lower profit target (e.g., 5%) is set with similar risk constraints.
- Passing this phase qualifies traders for a funded account.
Once both phases are completed successfully, traders receive a funded account with real capital.
Account Types and Pricing
Funded Next offers various account options, each with different rules and capital allocations:
| Account Size | Evaluation Fee | Profit Split | Maximum Drawdown |
| $5,000 | $49 | 80% | 10% |
| $25,000 | $189 | 85% | 10% |
| $50,000 | $349 | 90% | 10% |
| $100,000 | $549 | 90% | 10% |
| $200,000 | $999 | 90% | 10% |
Pros and Cons
Pros
- Affordable Evaluation Fees: Compared to competitors, Funded Next offers reasonable fees.
- High Profit Split: Up to 90% of profits for traders.
- Flexible Trading Conditions: Allows various trading styles, including scalping and swing trading.
- Scaling Opportunities: Traders can increase their capital allocation based on consistent performance.
Cons
- Strict Risk Management Rules: Traders must strictly follow drawdown limits.
- Limited Trading Instruments: Some asset classes may not be available.
- No Refund on Failure: Failing the evaluation means the fee is non-refundable.
User Feedback and Reviews
Funded Next has received mixed reviews from traders. Some common themes include:
- Positive Feedback:
- Quick payouts and efficient support.
- Transparent evaluation process.
- Competitive profit-sharing structure.
- Negative Feedback:
- Strict adherence to rules leading to account termination.
- Some traders find the profit targets challenging within the given timeframe.
Conclusion
Funded Next is a promising proprietary trading firm for traders looking to access significant capital and trade with a structured approach. With competitive profit splits and a well-defined evaluation process, it offers a legitimate opportunity for disciplined traders. However, potential users should thoroughly understand the risk management rules before signing up.
If you’re confident in your trading skills and can adhere to their guidelines, Funded Next could be an excellent choice to scale your trading career.
