Funded Next

FundedNext is a proprietary trading firm founded on March 18, 2022. The company aims to provide traders with a comfortable trading environment through its two funding models. FundedNext has offices in the UAE, USA, UK, and Bangladesh and offers traders capital of up to $4,000,000 with profit splits of up to 90%. The firm is partnered with Eightcap as its broker. FundedNext's headquarters are located in the United Arab Emirates at the following address: AI Robotics HUB, C1 Building, AFZ, Ajman, United Arab Emirates.

FundedNext offers traders two different funding programs to choose from: the Express model and the Evaluation model. The Express model has two options: the Consistency Express model and the Non-consistency Express model. The Evaluation model is a two-step process.

The Consistency Express model account allows traders to meet the one-step evaluation requirements with no maximum trading day requirements and a leverage of 1:100. The evaluation phase of this model requires traders to reach a profit target of 25% without exceeding the 5% maximum daily loss or 10% maximum loss rules. While there are no maximum trading day requirements, traders must trade for at least 10 days per month. They must also follow the consistency rule to sharpen their trading habits and ensure consistent profits until the profit target is reached.

Upon completing the evaluation phase, traders are awarded a funded account and are no longer required to meet profit targets. They must continue to follow the 5% maximum daily loss and 10% maximum loss rules, as well as the consistency rule. They must also trade for a minimum of 10 days per month. The first profit split is 60% based on profits made, with an additional 15% profit share for profits made during the evaluation phase. After the first withdrawal, the profit split increases to 75%, and after the second withdrawal, it reaches the final profit split of 90%.

FundedNext distinguishes itself from other prop firms by offering two different funding models: Express and Evaluation. These models have relatively relaxed trading rules, allowing traders to hold positions overnight and over the weekend on Evaluation model accounts, and trade during news releases on Evaluation model accounts (phase one and phase two).

The Express model is a one-phase evaluation program that requires traders to reach a profit target before becoming eligible for payouts. Traders can choose between a Consistency and Non-consistency Express model account. The profit target for the evaluation program is 25%, with a 5% maximum daily loss and 10% maximum loss rules. Traders are not allowed to hold positions over the weekend or trade during high-impact news releases, and must trade for a minimum of 10 days per month. The Express model also has a scaling plan with the potential to work with up to $4,000,000 in capital.

The Evaluation model, on the other hand, is a two-phase evaluation program that requires traders to complete two phases before becoming eligible for payouts. The profit target is 10% in phase one and 5% in phase two, with a 5% maximum daily loss and 10% maximum loss rules. Traders must also trade for a minimum of 5 days in each phase before becoming funded. Like the Express model, the Evaluation model has a scaling plan. Compared to other industry-leading prop firms, FundedNext has average profit targets and minimum trading day requirements.

FundedNext was established on March 18, 2022 and has been operating for more than six months.

FundedNext has partnered with Eightcap, an ASIC-regulated broker based in Melbourne, Australia. Founded in 2009, Eightcap's mission is to provide exceptional financial services to its clients. The company has five offices worldwide and is regulated in multiple locations, allowing clients to trade on markets across FX, indices, commodities, and shares. Eightcap is considered average-risk, with a Trust Score of 73 out of 99. The company offers forex trading, CFD trading, cryptocurrency trading, and social/copy-trading, with a total of 326 tradeable symbols and 45 forex pairs. It offers two account types, Raw and Standard, with fees that vary depending on the type of account chosen. In addition to commissions and fees, traders should also consider the overnight fee, which is an interest charge for holding open positions overnight. Eightcap only offers the MetaTrader 4 and MetaTrader 5 platforms from MetaQuotes Software Corporation.

FundedNext has a FAQ page that may provide the information you are looking for. If you need additional help, the support team is available on social media or via email at support@fundednext.com. The live chat support team is available 24/7. Alternatively, you can submit a ticket on the website by clicking here.

In conclusion, FundedNext is a legitimate proprietary trading firm that offers traders two different funding models: the Express model and the Evaluation model. The firm has relatively relaxed trading rules, allowing traders to hold positions overnight and over the weekend on Evaluation model accounts, and to trade during news releases on Evaluation model accounts (phase one and phase two).

The Express model is a one-phase evaluation program that requires traders to reach a profit target before becoming eligible for payouts. Traders can choose between a Consistency and Non-consistency Express model account. The profit target for the evaluation program is 25%, with a 5% maximum daily loss and 10% maximum loss rules. Traders are not allowed to hold positions over the weekend or trade during high-impact news releases, and must trade for a minimum of 10 days per month. The Express model also has a scaling plan with the potential to work with up to $4,000,000 in capital.

The Evaluation model, on the other hand, is a two-phase evaluation program that requires traders to complete two phases before becoming eligible for payouts. The profit target is 10% in phase one and 5% in phase two, with a 5% maximum daily loss and 10% maximum loss rules. Traders must also trade for a minimum of 5 days in each phase before becoming funded. Like the Express model, the Evaluation model has a scaling plan.

I would recommend FundedNext to traders looking for a legitimate prop firm with straightforward rules and trading objectives. While the company is one of the newest in the industry, it has proven itself to be trustworthy and a safe choice for traders looking to acquire capital. In addition, the firm offers excellent conditions for a large pool of individuals with unique trading strategies. Overall, FundedNext is one of the leading proprietary trading firms in the industry.