Title: "FundedNext Review: Uncovering the Future of Innovation and Entrepreneurship"
MetaTitle: "Empowering Novice Traders: Up to $300K Funding Opportunity by FounderNext for Trading Progression with Evaluation, Express, Stellar Challenges"
“True Forex Funds cordially invites you to engage in our comprehensive 2-Phase Evaluation Program, providing an opportunity to showcase your exceptional trading skills and secure access to our substantial capital. Successful program completion may result in potential funding of up to $400,000, accompanied by the added advantage of comprehensive loss coverage. We extend this invitation to join our esteemed proprietary trading firm, currently undergoing rapid expansion.
At True Forex Funds, we actively support traders in their professional development, fostering an environment that encourages excellence in their careers. Traders enjoy the freedom to execute trading decisions and maintain positions for desired durations, as there are no constraints on trading styles. Our primary focus is on managing loss limits, with the overarching objective of engaging skilled traders who consistently deliver results, rewarding them with a generous 80% profit split as a token of appreciation.
FoundedNext encourages its clientele to aspire to become accomplished traders, with a primary emphasis on disciplined individuals possessing robust risk management capabilities and a focus on long-term objectives. This commitment to excellence is reflected in the offered scaling plan, allowing traders to potentially access substantial opportunities with a capped limit of $4,000,000. Depending on the chosen funding option, traders have the potential to earn a profit split ranging from 60% to 90%. These impressive outcomes can be achieved through trading activities involving forex pairs, commodities, and indices.”
FundedNext, an exclusive proprietary trading firm, officially established on March 18, 2022, strives to provide clients with a favorable trading environment. The company offers four distinct funding models: Two-step Stellar, One-step Stellar, Evaluation, and Express. Notably, FundedNext maintains physical offices globally, including in the United Arab Emirates, the United States, the United Kingdom, and Bangladesh. The trader capital allocation extends up to $4,000,000, with a maximum profit split of 90%. As a strategic partner, FundedNext collaborates with the esteemed brokerage company Eightcap, with headquarters located at AI Robotics HUB, C1 Building, AFZ, Ajman, United Arab Emirates.
Regarding FounderNext, the CEO is Abdullah Jayed, a highly successful entrepreneur in the proprietary trading sector. Established in 2016, FounderNext, under Jayed’s leadership, aims to generate global employment opportunities and simplify lives. Jayed’s entrepreneurial success is evident through ventures like Growth Alliance, MoneyBackFX, and eComChef, leading companies in their respective markets. FounderNext, under Jayed, has gained acclaim within the trading firm industry. Central to Jayed’s philosophy is the belief that individuals should pursue their dreams wholeheartedly. This principle is exemplified in FounderNext, where he encourages young traders to test their abilities through well-defined strategies, fostering their success. For further insights into Jayed and his company, follow his daily activities and updates on his social media profiles, particularly Instagram and LinkedIn.
As mentioned previously there are four different types of funding options:
This model is engineered to identify proficient and dedicated traders who demonstrate consistency throughout the two-phase challenge period. It permits trading with a leverage ratio of 1:100.
In phase one, traders are tasked with achieving an 8% profit target while adhering to a maximum daily loss of 5% and a maximum loss limit of 10%. Notably, there is no specified maximum day trading requirement in this phase; however, a minimum of 5 trading days is mandatory to progress to phase two.
Phase two necessitates traders to attain a 5% profit target while maintaining the 5% maximum daily loss and 10% maximum loss parameters. Similar to phase one, there is no obligatory minimum trading day requirement, but a minimum of 5 trading days is essential to reactivate a funded account.
Upon successful completion of both challenges, traders receive a funded account with no specified profit target, though they must adhere to the 5% maximum daily loss and 10% maximum loss rules. The initial profit split is 80% based on the achieved profit, complemented by a 15% profit share derived from the two-phase challenge’s profits, in addition to the first payout. Subsequently, payouts are disbursed on a bi-weekly schedule.
The scaling plan for this challenge entails achieving a profit target of 10% or more within four months, with two profitable months and the final month concluding positively. This achievement results in a 40% account increase with the potential to escalate the account balance up to $4,000,000, accompanied by a profit split increase to 90% upon the first account scaling.
For illustration, after 4 months, a $200,000 account would increase to $280,000. Subsequently, in the following 4 months, the balance would escalate to $360,000, continuing in a similar fashion thereafter.
The tradable instruments for the two-step Stellar challenge model encompass forex pairs, commodities, and indices.
Rules for the two-step Stellar challenge mode:
The profit target denotes a specific percentage of profit required for successful completion of an evaluation phase, profit withdrawal, or account expansion. Phase 1 and Phase 2 have profit targets of 8% and 5%, respectively. Funded accounts are exempt from profit targets.
The maximum daily loss represents the highest allowable daily loss before an account is considered in violation, with a uniform limit of 5% across all account sizes.
The maximum loss signifies the highest overall permissible loss before an account is deemed in violation, maintaining a uniform threshold of 10% for all account sizes.
The minimum trading days specify the minimum duration of active trading required before completing a challenging phase or requesting a withdrawal. Both phases mandate a minimum of 5 trading days for fulfillment.
The one-step Stellar Challenge Model account enables traders to satisfy challenge requirements in a single step, without a maximum trading day constraint and with leverage up to 1:30.
In the one-step Stellar Challenge Model phase, traders must achieve a 10% profit target while adhering to a maximum daily loss of 3% and an overall loss limit of 6%. This account type allows flexibility in the number of trading days, with a minimum requirement of 5 trading days per month. Notably, there are no consistency rules, providing traders with substantial flexibility to work towards their profit target.
Upon successful completion of the one-step Stellar Challenge Model phase, a funded account is granted without profit targets. Compliance with a maximum daily loss of 3% and a maximum loss limit of 6% is essential. This account type offers trading freedom without consistency rules, but a minimum of 5 trading days per month is mandatory.
Under this arrangement, the initial profit split is 80%, based on generated profits. Traders are entitled to a 15% profit share from challenge phase profits as their first payout. The profit split increases to 90% after the first account scaling.
One-step Stellar Challenge Model accounts incorporate a scaling plan requiring a 10% or higher profit target within a four-month period. Two of the four months must yield profits, and the final month must conclude with a profit. Meeting these criteria results in a 40% increase in the initial account balance, with the potential to augment the balance up to a maximum of $4,000,000.
Example: After 4 months, a $25,000 account increases to $35,000. Subsequent 4-month intervals continue this pattern.
Trading instruments for one-step Stellar Challenge Model accounts include forex pairs, commodities, and indices.
Rules for the one-step stellar model:
The purpose of the evaluation model account is to identify proficient and dedicated traders who will be acknowledged for their consistent performance during the two-stage evaluation period. The evaluation program enables trading with a leverage of 1:100.
During the initial evaluation phase, traders are expected to achieve a profit target of 10% while adhering to the specified limits of a maximum daily loss of 5% and a maximum loss of 10%. This profit target must be reached within a 30-calendar day period from the initiation of the first trade on the evaluation account. Additionally, a minimum of five trading days must be completed to progress to phase two.
In the subsequent evaluation phase, traders must attain a profit target of 5%, maintaining the 5% maximum daily loss and 10% maximum loss parameters. This profit target must be achieved within a 60-calendar day duration starting from the placement of the initial position on the evaluation account. Similarly, a minimum of five trading days must be fulfilled to advance to a funded account.
Upon successful completion of both evaluation phases, traders are rewarded with a funded account where profit targets are no longer applicable. However, the 5% maximum daily loss and 10% maximum loss thresholds must still be observed. Initially, traders will receive 80% of the profits they generate as their first profit split. Additionally, a 15% profit share based on the profits achieved in each evaluation phase will be granted as part of the initial payout. Subsequent payouts will be disbursed bi-weekly.
The evaluation model accounts also incorporate a scaling plan. Traders must achieve a profit target of 10% or more within a four-month timeframe, during which at least two of the four months must be profitable, and the final month must end with a profit. Meeting these criteria will result in a 40% increase in the trader’s account balance, with the potential to further elevate the account balance up to $4,000,000. Furthermore, the profit split will increase to 90% following the first account scaling.
Example: After 4 months: If you have a $200,000 account, your account balance will increase to $280,000. After the next 4 months: The balance of $280,000 will increase to $360,000. After the next 4 months: The balance of $360,000 will increase to $440,000. And so on…
The trading instruments for the evaluation program accounts include forex pairs, commodities, and indices.
Guidelines for the Evaluation Model Account
The profit target signifies a predetermined percentage of profit that traders must achieve to successfully complete an evaluation phase, withdraw profits, or expand their accounts. Phase 1 requires a profit target of 10%, while Phase 2 sets a target of 5%. It is essential to note that funded accounts do not have profit targets.
The maximum daily loss refers to the highest allowable loss that traders can incur within a single day before their account is considered in violation. For all account sizes, there is a uniform maximum daily loss limit of 5%.
The maximum loss indicates the highest permissible overall loss that traders can experience before their account is deemed in violation. Similar to the maximum daily loss, all account sizes adhere to a maximum loss threshold of 10%.
The minimum trading days denote the minimum duration during which traders are required to actively engage in trading before they become eligible to complete an evaluation phase or request a withdrawal. Both phases necessitate a minimum of 5 trading days.
Moreover, there are maximum trading day limits, which require traders to achieve a specific profit target or withdrawal target within a defined period. Phase 1 allows a maximum trading period of 30 days, while Phase 2 grants a maximum trading period of 60 days.
The Consistency Express model offers traders a streamlined evaluation process with no daily trading limits and leverage up to 1:100. During the evaluation phase, traders aim for a 25% profit target while adhering to maximum daily loss (5%) and maximum loss (10%) thresholds. The evaluation period has no set duration, allowing flexibility, but traders must actively trade for a minimum of 10 days per month. Adherence to the consistency rule, ensuring steady and consistent trading practices, is mandatory until the profit target is reached.
Upon successful completion of the evaluation, traders receive a funded account with no specific profit targets but must still comply with the 5% maximum daily loss and 10% maximum loss rules. The consistency rule remains applicable, requiring a minimum of 10 trading days per month. Profit sharing starts at 60%, with an additional 15% share from evaluation phase profits upon the first withdrawal. The profit split increases to 75% after the initial withdrawal and reaches a final 90% after the second withdrawal.
The Consistency Express model includes a scaling plan where traders, within four months, must achieve a 10% profit target or more for two of those months and conclude the final month with a profit. Successful traders are eligible for a 40% account increase, potentially up to $4,000,000.
Trading instruments for Consistency Express model accounts include forex pairs, commodities, and indices.
Rules in the Consistency Express Model Account:
Profit Target: Traders must achieve a specific profit percentage (25%) during the evaluation phase, with no profit targets for funded accounts.
Maximum Daily Loss: Traders are limited to a 5% daily loss across all account sizes.
Maximum Loss: The maximum permissible overall loss is capped at 10% for all account sizes.
Minimum Trading Days: A minimum of 10 trading days is required during the evaluation period and subsequent monthly cycles.
No Weekend Holding: Traders are prohibited from holding positions over weekends.
No News Trading: Trading is restricted around high-impact news releases, with a 5-minute embargo before and after such events.
Non-Consistency Express Model Account Overview:
The Non-Consistency Express model account offers traders a streamlined evaluation process, eliminating maximum daily trading requirements and providing leverage of up to 1:100. To successfully complete the Non-Consistency Express model evaluation phase, traders must achieve a 25% profit target, while adhering to the 5% maximum daily loss and 10% maximum loss regulations. Unlike other account types, there are no specific constraints on the number of trading days, affording traders flexibility in determining the duration of their trading activities. However, a minimum of 10 trading days per month is mandated during the trading period. Notably, this account type imposes no consistency rules, allowing traders considerable latitude in pursuing their profit objectives.
Upon successfully concluding the Non-Consistency Express model evaluation phase, traders are rewarded with a funded account size equal to 25% of the challenge amount. For instance, passing a $100,000 Non-Consistency Express model evaluation results in a funded account worth $25,000. While no specific profit targets apply to this account type, traders must adhere to the 5% maximum daily loss and 10% maximum loss rules. Similar to the evaluation phase, there are no consistency rules governing trading activities. However, traders are obliged to engage in a minimum of 10 trading days during each monthly trading cycle.
In the initial profit split, traders are entitled to 60% of the profits they generate, along with a 15% profit share based on the profits earned during the evaluation phase as their first payout. Subsequent withdrawals increase the profit split to 75% after the first and 90% after the second. Scaling plans apply to Non-Consistency Express model accounts, requiring traders to achieve a profit target of 10% or more within a four-month timeframe, with at least two profitable months and a concluding profitable month. Meeting these requirements results in an account increase of 40% of the original balance, potentially augmenting the balance up to $4,000,000.
Example: After 4 months: A $25,000 account increases to $35,000. After the next 4 months: The balance of $35,000 further increases to $45,000. Following subsequent 4 months: The balance of $45,000 grows to $55,000. And so forth…
Trading instruments for Non-Consistency Express model accounts include forex pairs, commodities, and indices.
Non-Consistency Express Model Rules:
Profit Target: Represents a predetermined percentage of profit necessary to successfully conclude an evaluation phase, withdraw profits, or expand the trading account. During the evaluation period, the profit target is set at 25%, while funded accounts are exempt from profit targets.
Maximum Daily Loss: Signifies the highest permissible daily loss before an account is considered in violation. A uniform maximum daily loss of 5% applies irrespective of account size.
Maximum Loss: Denotes the upper limit of overall loss before an account is considered in violation, with all account sizes adhering to a maximum loss threshold of 10%.
Minimum Trading Days: Specifies the minimum duration traders must actively engage in trading before completing an evaluation phase or requesting a withdrawal. A mandatory minimum of 10 trading days applies during the evaluation period and subsequent monthly trading cycles.
Restriction on News Trading: Prohibits traders from engaging in trading activities during high-impact news releases. Specifically, during the evaluation period and funded status, traders are restricted from opening or closing any trades within 5 minutes before and after news events.
FundedNext sets itself apart from other prominent proprietary trading firms through the provision of four distinct funding models: Two-step Stellar, One-step Stellar, Evaluation, and Express. Moreover, FundedNext implements clear and flexible trading rules.
Compared to typical proprietary firms, the standout feature of FundedNext’s two-step Stellar challenge model is its funding structure, requiring traders to successfully navigate two sequential phases before qualifying for payouts. Phase one involves achieving an 8% profit target, followed by phase two with a 5% profit target. These phases come with rules that impose a maximum daily loss of 5% and an overall loss cap of 10%. Notably, there are no specific requirements regarding the maximum number of trading days, but a mandatory minimum trading period of 5 calendar days exists. Additionally, the two-step Stellar challenge model incorporates a scaling plan. FundedNext’s profit targets are relatively modest compared to other leading proprietary trading firms, and they do not impose any restrictions on the maximum number of trading days.
In comparison to other proprietary trading firms, FundedNext offers a distinct one-step Stellar challenge model account, functioning as a comprehensive evaluation program. Traders must successfully complete a single phase to qualify for payouts. Within this evaluation phase, the profit target is set at 10%, while adherence to a maximum daily loss of 3% and a maximum loss of 6% is mandatory. Importantly, there are no restrictions on the number of trading days, but a minimum trading duration of 5 calendar days is required. Furthermore, the one-step Stellar challenge model accounts provided by FundedNext include a scaling plan. When compared to other prominent proprietary trading firms, it becomes evident that FundedNext upholds average maximum loss rules and does not impose any limitations on the number of trading days.
Conversely, FundedNext’s evaluation model follows a two-phase structure, requiring completion of both phases to become eligible for payouts. Phase one necessitates traders to attain a profit target of 10%, while phase two has a profit target of 5%. Compliance with a maximum daily loss of 5% and a maximum loss of 10% is mandatory in each phase. Additionally, traders are expected to engage in a minimum of 5 trading days during each phase before becoming funded. Similar to the one-step Stellar challenge model, the evaluation programs offered by FundedNext incorporate a scaling plan. In comparison to other industry-leading proprietary trading firms, FundedNext sets profit targets and minimum trading day requirements at average levels.
FundedNext distinguishes itself from other prominent proprietary trading firms by providing a unique evaluation program known as the FundedNext Express model accounts. These accounts consist of a single-phase assessment process, where traders must achieve a specified profit target to qualify for payouts. Traders have the option to select either a Consistency or Non-consistency Express model account, based on their preferences.
During the challenge phase of the evaluation, traders are required to reach a profit target of 25%, while adhering to rules that limit the maximum daily loss to 5% and the maximum overall loss to 10%. Importantly, for Express Non-Consistency Challenges, traders are not permitted to hold trades over the weekend. Additionally, both variants of the Express Challenge prohibit trading during high-impact news releases. In terms of trading duration, a minimum of 10 trading days is mandated, without any specified maximum limit. Furthermore, the Express model accounts include a scaling plan that allows traders the opportunity to operate with capital amounts of up to $4,000,000.
In summary, FundedNext distinguishes itself from other leading proprietary trading firms by offering a diverse range of funding programs. Additionally, their trading rules are comparatively relaxed and straightforward, making FundedNext an excellent choice for traders of various styles and preferences.
When evaluating proprietary trading firms that align with your forex trading preferences, it is imperative to scrutinize the viability of their trading prerequisites. Although the appeal of a prop firm offering a substantial profit split on a generously funded account may be enticing, it is crucial to assess whether they require significant monthly percentage gains alongside minimal maximum drawdown percentages. Such stringent expectations markedly reduce the likelihood of achieving success.
Obtaining capital through the two-step Stellar challenge model can be deemed realistic primarily due to its below-average profit targets of 8% in phase one and 5% in phase two, coupled with moderate maximum loss regulations of 5% for daily losses and 10% for overall losses.
Similarly, acquiring capital through the one-step Stellar challenge model can be considered realistic mainly because it features an average profit target of 10% and adheres to standard maximum loss rules of 3% for daily losses and 6% for overall losses. Additionally, securing capital via the evaluation model can be regarded as realistic primarily due to its industry-average profit targets of 10% in phase one and 5% in phase two, along with the implementation of maximum loss rules of 5% for daily losses and 10% for overall losses.
Despite the 25% profit target in the express model, obtaining capital from this program remains realistic due to the absence of limitations on maximum trading days. This flexibility enables traders to gradually accumulate profits, achieve their profit target, and secure funding. Moreover, traders can opt for either Consistency or Non-consistency Express model accounts based on their preferred trading style.
Considering all these factors, FundedNext emerges as an excellent choice for securing funding, offering four distinct funding programs: Two-step Stellar, one-step Stellar, Evaluation, and Express. Each program delineates realistic trading objectives and establishes conditions for receiving payouts.
Payment Confirmation:
FundedNext was established on the 18th of March, 2022, and has now operated for over a year, evolving into one of the premier and fastest-growing proprietary trading firms in the industry.
Additional evidence of successful payouts is predominantly accessible through posts on their official Instagram account. Furthermore, a substantial collection of payout proofs is available in designated channels, specifically “payout-proof” and “5-digit payouts general,” within their Discord server. Additionally, their Telegram channel showcases illustrative instances of payouts conveniently located within the pinned posts section, resembling the provided examples below.
FundedNext has successfully integrated its technology with Eightcap, a distinguished broker headquartered in Melbourne, Australia, subject to regulatory oversight by the Australian Securities and Investments Commission (ASIC). Established in 2009, Eightcap remains steadfast in its commitment to delivering exceptional financial services. With a global presence spanning five office locations, the company diligently adheres to regulatory frameworks across various jurisdictions, providing clients worldwide the opportunity to participate in trading activities across diverse markets, including foreign exchange (FX), indices, commodities, and shares.
Eightcap holds an average risk profile, boasting an overall Trust Score of 73 out of 99. Its key features include Forex Trading, CFD Trading, Cryptocurrency Trading, Social Trading/Copy-Trading, a total of 326 Tradeable Symbols, and 45 Forex Pairs.
The brokerage offers clients a choice between two account types: Raw and Standard, each with varying commissions and fees. Standard account fees are embedded within the spread, while Raw accounts incur separate commissions. Additionally, the overnight fee, representing the interest charged for holding positions overnight during trading, is a crucial consideration.
As an exclusive MetaTrader broker, Eightcap provides access to both the MetaTrader 4 and MetaTrader 5 platforms developed by MetaQuotes Software Corporation. The company is dedicated to offering a personalized trading experience, backed by a highly efficient technological framework. In recognition of its commitment, Eightcap received the prestigious title of Best Global Forex MT4 Broker in 2020 at the esteemed Global Forex Awards.
It is pertinent to note that FundedNext operates its dedicated server, named the “GrowthNext Server,” within the MT5 platform. Additionally, traders have the flexibility to choose between two popular trading platforms, namely MetaTrader 4 and MetaTrader 5.
Regarding trading instruments, FundedNext enables the trading of forex pairs, commodities, and indices with a leverage of 1:100.
FundedNext’s official website does not provide educational resources or content. However, there exists an active discussion thread dedicated to the company on Forex Factory, facilitating user engagement in discussions pertaining to the firm’s features and offerings.
The platform meticulously designed by FundedNext grants universal access to its clients through a user-friendly dashboard. This tool effectively aids in risk management aligned with statistical objectives, thereby elevating the overall trading experience.
FundedNext extends a comprehensive FAQ page as a valuable resource for accessing necessary information. Additionally, the support team is accessible through various channels, including social media and direct email communication at support@fundednext.com. For immediate assistance, a 24/7 live chat support team is available, and users also have the option to submit a support ticket via the provided website link.
FundedNext can also be found on social media.
They have a:
In addition, FundedNext also has a Telegram channel with 12k members and a Discord channel with 45k members
In summary, FundedNext is distinguished as a reputable proprietary trading firm within the industry, presenting traders with a variety of models, such as the Two-step Stellar, one-step Stellar, Evaluation, and Express models. Additionally, the firm’s trading regulations are notably lenient and clear.
For the Two-step Stellar challenge model accounts, traders are required to complete two phases to qualify for funding and profit splits. FundedNext establishes practical profit targets of 8% in phase one and 5% in phase two, aligning with the 5% maximum daily loss and 10% maximum loss regulations. Opting for this model allows traders to receive profit splits ranging from 80% to 90%, presenting opportunities for account scalability.
Conversely, the one-step Stellar challenge model accounts necessitate the completion of a single phase to attain funding and profit splits eligibility. FundedNext sets a profit target of 10%, in line with the 3% maximum daily loss and 6% maximum loss regulations. Traders engaging in the one-step Stellar challenge model can earn profit splits ranging from 80% to 90%, providing further opportunities for account growth.
The Evaluation model accounts adhere to the industry-standard two-phase challenge, obliging traders to complete both phases for funding and profit splits eligibility. FundedNext establishes profit targets of 10% in phase one and 5% in phase two, aligning with the 5% maximum daily loss and 10% maximum loss criteria. Participation in the evaluation programs enables traders to earn profit splits ranging from 80% to 90%, fostering account scalability.
Lastly, the Express model accounts present a one-step challenge, requiring the completion of a single phase for funding and profit splits eligibility. FundedNext sets a profit target of 25% for this model while upholding the 5% maximum daily loss and 10% maximum loss guidelines. Traders can choose between Consistency and Non-consistency Express model accounts based on their preferences, with a minimum trading period of 5 calendar days and no maximum trading days limitation. Express model accounts allow for profit splits ranging from 60% to 90%, providing flexibility for gradual profit accumulation.
Given their transparent regulations and strategic trading goals, FundedNext is highly recommended for traders seeking a legitimate proprietary firm. Despite their relative novelty in the industry, they have positioned themselves as a reliable and secure option for traders seeking capital. Furthermore, they offer favorable conditions to accommodate a diverse range of traders with unique strategies, solidifying FundedNext’s standing as one of the leading proprietary trading firms in the industry.
