A deep dive into FundedNext’s funding model, trading conditions, legal structure, challenge process, and overall reputation.
FundedNext is a newer prop firm, but it has quickly gained traction among traders looking for flexibility, instant funding options, and an aggressive scaling plan. Unlike traditional prop firms, FundedNext offers both a challenge-based model and an Instant Funding model, allowing traders to get started with real capital without passing an evaluation.
Since its launch in 2022, FundedNext has positioned itself as a trader-friendly alternative to legacy firms like FTMO. But how does it stack up in terms of profit split, risk management, payout speed, and trading conditions? This review takes a detailed, unbiased look at FundedNext to help traders determine whether it’s the right fit for them.
Company Overview
- Founded: 2022
- Headquarters: UAE & Bangladesh
- Official Website: https://fundednext.com
- Supported Markets: Forex, Indices, Commodities, Stocks, Crypto
- Funding Potential: Up to $4 million via scaling plan
- Profit Split: 80/20 (scalable to 90/10)
Legal & Compliance Details
FundedNext is operated by FundedNext Ltd. While the firm is not regulated as a financial institution, it operates under a proprietary trading business model. Similar to other prop firms, it does not execute trades in the live market but instead mirrors profitable traders’ strategies through liquidity providers.
Regulatory Considerations
Since FundedNext is a relatively new firm, it lacks the long-standing reputation of more established firms like FTMO. However, it has gained trust within the trading community through consistent payouts, transparency, and responsive customer support.
FundedNext Challenge & Evaluation Process
FundedNext offers two evaluation models and an instant funding model, making it one of the more flexible prop firms.
Option 1: Evaluation Model
A two-step challenge process, similar to FTMO.
Step 1: Evaluation Phase
- Objective: Achieve a 10% profit target while following drawdown limits.
- Trading Period: 30 days
- Profit Target: 10%
- Max Daily Loss: 5%
- Max Overall Loss: 10%
- News Trading: ✅ Allowed
- Weekend Holding: ✅ Allowed (except for Consistency accounts)
✅ Passing this stage moves traders to Verification.
Step 2: Verification Phase
- Objective: Confirm consistency in trading with a lower profit target.
- Trading Period: 60 days
- Profit Target: 5%
- Max Daily Loss: 5%
- Max Overall Loss: 10%
✅ Passing this phase grants a fully funded account.
Option 2: Express Model (Instant Funding)
This model allows traders to start trading with real capital without passing an evaluation.
- Upfront Cost: Higher than the challenge model.
- Profit Split: 60/40 initially (scalable to 90/10).
- No evaluation phase required.
This is ideal for traders who want immediate access to capital rather than risking a challenge fee.
FundedNext Account Types & Scaling Plan
| Account Type | Challenge Fee | Maximum Funding |
|---|---|---|
| $15,000 | $99 | Up to $60,000 |
| $25,000 | $199 | Up to $100,000 |
| $50,000 | $299 | Up to $200,000 |
| $100,000 | $499 | Up to $400,000 |
| $200,000 | $999 | Up to $4,000,000 (via scaling plan) |
📌 Scaling Plan:
Traders can increase funding up to $4 million through FundedNext’s scaling model, one of the highest in the industry.
Payout System & Profit Split
| Feature | FundedNext |
|---|---|
| Profit Split | 80/20 (Scalable to 90/10) |
| First Payout | After 14 days |
| Payout Frequency | Bi-weekly or Monthly |
| Withdrawal Methods | Bank transfer, Crypto, Wise |
✅ Allows profit withdrawals as early as 14 days after the first trade.
✅ Profit share can increase to 90/10 for high-performing traders.
Trading Conditions & Platform Support
Supported Platforms:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
Supported Instruments:
- Forex Pairs
- Stock Indices
- Commodities
- Crypto
✅ One key advantage over FTMO is that FundedNext allows news trading, giving traders more flexibility.
FundedNext Pros & Cons
✅ Pros
- Instant funding option available.
- Allows news trading (unlike FTMO).
- Higher scaling plan (up to $4M).
- Multiple account types for different trader needs.
- Faster payout cycles.
❌ Cons
- Newer company, less proven track record.
- Some account types have consistency rules.
- Lower initial profit splits for instant funding.
Final Verdict: Is FundedNext a Good Choice?
FundedNext is a solid prop firm, especially for traders looking for instant funding, news trading flexibility, and high scalability.
However, new traders may struggle to pass the challenge, just as they would with other prop firms.
🚀 Want to Pass the FundedNext Challenge Without Risk?
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Review Summary
FundedNext stands out as a flexible and trader-friendly prop firm, offering instant funding options, high scalability (up to $4M), and lenient trading rules like allowing news trading. While it lacks the long-established reputation of FTMO, it has quickly built trust with consistent payouts and strong customer support.
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Payout System8
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Trading Rules9
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Account Scaling10
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Reputation & Trust8.5
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Challenge Difficulty8