Funded Next Reviews(5% discount code: POPA)
Funded next offers multiple programs that allow profitable traders to trade without risking personal capital, covering all losses and offers part of challenge profits as bonus after showing their skills.
Has own server ”GrowthNext” and ”incenteco”
Balanced-based drawdown
No maximum trading days
offers 15% challenge profits as bonus
Excelent trustpilot rating of 4.7/5
leverage upto 1:100
Trading psychologists available
No commisions on indices
Overnight and weekend holding allowed
Profit split can be upto 95%
Offers swap free accounts
Offers accounts with currencies :GBP,EUR and USD
Profit split upto 80% for traders
Bi-weekly payouts
Variety of trading instruments (stocks,forex,commodities,indices,cryptocurrencies)
No news trading with express model
5 Minimum trading days required
Funded Next is a proprietary trading firm looking for traders who can perform well in variouse market conditions and having the essence of risk management.Funded Next main goal is to empower and boost traders earnings from the financial market by providing funded accounts upto $200,000.Traders have access to trading isntrument such as indices,commodities,cryptocurrencies and forex.
Programs offered by Funded Next
Funded Next offers 5 funding programs as options for traders
Two-step stellar account program
One-step stellar account program
Evaluation model
Consistency Express model
Non-Consistency Express model
Funded Next Two-step stellar challenge
Funded Next two-step stellar account model is a 2 stages evaluation program where traders are to demonstrate their talents to get funded. With this program,traders have the possibility to manage accounts $6,000 to $200,000
Funded Next Two-step stellar account trading rules and objectives
Maximum daily loss: With the two-step stellar account a trader is not allowed to lose 5% in a day both during the evaluation and at funded stage.
Maximum loss :The maximum overall loss limit on the two-step stellar account is 10%
Minimum trading days: The minimum days to trade and attain profit targets is 5 days during both the first and second phase with the stellar two-step account
Funded Next Two-step stellar program scaling plan
With this program, to scale the account,a trader is set to achieve a minimum of 10% as performance during a four months period.Within this 4 months,a trader has to be profitable for atleast 2 months,from which the last mnth is part of.After meeting these requirements the account is set to increase by 40%.The scaling plan permits to boost the account upto $4,000,000.
For example:
.First 4 months: A $200,000 accounts increases by 40% and is now $280,000
.Next 4 months:$280,ooo account increases by 40% and is now $380,000
.And so on…
Funded Next One-step stellar account is aimed to permit traders to get funded from a unique one step evaluation program.With tis program,traders hav the opportunity to mange $6,000-$200,000 in funding.The leverage on One-step stellar accounts is 1:30.
Funded Next One-step stellar account trading rules and objectives
Maximum daily loss: 3% daily drawdown on all account sizes.
Maximum loss:This is account has a maximum loss limit of 6% on all accounts.
Minimum trading days: This is the minimum number of days a trader is to trade during the evaluation phases.Both 2 phases have a 0 minimum trading days.
Maximum trading days:This is the max number of days a trader is to pass the evaluation phases.There are no maximum trading days on evaluation and funded accounts.
To be eligible for the scaling plan,traders must also reach a profit performance of 10% or more for a 4 months period.Within this period trader must be profitable for atleast 2 months with the last month beeing one of the profitable months.Achieving this entitles the account to a 40% increase of the original account size allowing the account balance to grow upto %4,000,000.
For Example:
.First 4 months: A $50,000 account balance increases to $70,000
.Next 4 months: $70,000 account increases to $98,000
.And so on…
Funded next Evaluation model
Evaluation model trading rules and objectives
Profit target :This program has a 10% profit target in phase 1 and 5% in phase 2
Maximum loss: 10% overall drawdown both during evaluation and funded
Maximum daily loss: 5% daily drawdown on evaluattions and funded accounts.
Minimum trading days: This is the minimum number of days a trader is to trade during the evaluation phases.Both 2 phases have a 0 minimum trading days.
Maximum trading days:This is the max number of days a trader is to pass the evaluation phases.There are no maximum trading days on evaluation and funded accounts.
Consistency Express Model program
Consistency Express model trading rules and objectives
Profit target :A 25% profits is to be made as performance to pass an evaluation phase,withdrawing profits or scaling, with funded accounts having no profit targets.
Maximum Daily Loss : The loss limit maximum in a trading day is 5% on all accounts.
Minimum Trading Days: Traders are to trade for a minimum of 10 trading days inorder to successfully pass an evaluation phase.They are also to trade for minimum 10 trading days per month.
No news trading :Traders are not allowed to trade during high impact news announcements
Consistency trading rule :This rule is for traders to have uniformity in trading aspects such as losses,profits,risk management and more.This rules is to ensure that the account performances dont have significant variations, the main variations to check are number of trades,lot size and trading days.
Non-Consistency Express model
Funded Next Non-consistency Express model identifies traders who can apply risk management and discipline through a unique evaluation stage with leverage of 1:100.This model has account sizes ranging from $6,000 to $100,000.
During the evaluation traders are set to achieve a profit target of 25% with drawdown parameters of 5% daily and 10% maximum loss together with a 10 minimum trading days.Traders will receive 15% off all profits generated during the evaluation untill reaching the 25% profit target.
After achieving the profit target during the evaluation, traders are awarded a live funded account.This account comes with a max drawdown of 10% and daily loss limit of 5% accompagnied with a 10 minimum trading days within each monthly cycle.On funded accounts traders can withdraw what ever amount of profits they perform, with a profit splits of 60% on first withdrawal 75% for second, and 90% from then.
Non-Consistency Express model trading rules and objectives
Profit target : On evaluation accounts,a profit target of 25% is to be achieved,to pass the evaluation and get funded.There are no profit targets ato achieve on funded account.
Minimum trading days : During the evaluation and on funded account each mothly cycle, a 10 minimum trading days is to be achieved .
Maximum drawdown limit : Both funded and evaluation accounts have a 10% maximum loss limit .
Maximum daily loss limit : Both funded and evaluation accounts have a 5% daily loss limit .
No news trading : trading the news on both evaluation and funded accounts is prohibited with this program .
Funded next offers 15% of all profits generated during evaluation on all programs