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FundedNext


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Overview of FundedNext Forex Prop Firm

TheTrustedProp
Date: May 11, 2024

In the fast-paced world of financial markets, having the right resources and opportunities can make all the difference. FundedNext, led by CEO Abdullah Jayed, is a prominent proprietary trading firm that is changing the game for traders worldwide. Founded on 18th March 2022 and registered in Al Ajman, Ajman, United Arab Emirates, FundedNext is making waves with its innovative approach and commitment to traders' success.

Company Details

  • Name: FundedNext
  • Legal Name: GrowthNext F.Z.C.
  • CEO: Abdullah Jayed
  • Founded: 18th March 2022
  • Registered Location: Al Ajman, Ajman, United Arab Emirates

Challenge Details

FundedNext offers three types of challenges: Stellar Challenge, Evaluation, and Express. Each challenge type comes with its own unique parameters and opportunities for traders.

Evaluation Details

  • Profit Share From Challenge Phase: 15%
  • Phase 1 Profit Target: 10%
  • Phase 2 Profit Target: 5%
  • Maximum Daily Loss: 5%
  • Maximum Overall Loss: 10%
  • Drawdown Type: Balance Based
  • Time Limit (Phase 1): 4 weeks
  • Time Limit (Phase 2): 8 weeks
  • Minimum Trading Days: 5
  • Commissions: $3/Per Lot
  • Profit Split: Up to 90%
  • Trading Leverage: 1:100
  • News Trading: Allowed
  • Weekend Holding: Allowed
  • Expert Advisors: Allowed
  • Trade Copiers: Allowed
  • Reset Discount: 10%

Express Details

The Express program within FundedNext comes in two types: Consistency and Non-Consistency.

Consistency Type Details

  • Profit Share From Challenge Phase: 15%
  • Profit Target: 25%
  • Maximum Daily Loss: 5%
  • Maximum Overall Loss: 10%
  • Drawdown Type: Balance Based
  • Time Limit: No Time Limit
  • Minimum Trading Days: 10
  • Commissions: $3/Per Lot
  • Profit Split: Up to 90%
  • Trading Leverage: 1:100
  • News Trading: Not Allowed
  • Weekend Holding: Not Allowed
  • Expert Advisors: Allowed
  • Trade Copiers: Allowed
  • Reset Discount: 20%

Non-Consistency Type Details

  • Profit Share From Challenge Phase: 15%
  • Profit Target: 25%
  • Maximum Daily Loss: 5%
  • Maximum Overall Loss: 10%
  • Drawdown Type: Balance Based
  • Time Limit: No Time Limit
  • Minimum Trading Days: 10
  • Commissions: $3/Per Lot
  • Profit Split: Up to 90%
  • Trading Leverage: 1:100
  • News Trading: Not Allowed
  • Weekend Holding: Allowed
  • Expert Advisors: Allowed
  • Trade Copiers: Allowed
  • Reset Discount: 20%

Stellar Challenge Details

The Stellar Challenge within FundedNext offers two types of challenges: 1-Step and 2-Step.

1-Step Challenge Details

  • Profit Share From Challenge Phase: 15%
  • Profit Target: 10%
  • Maximum Daily Loss: 3%
  • Maximum Overall Loss: 6%
  • Drawdown Type: Balance Based
  • Time Limit: No Time Limit
  • Minimum Trading Days: 5
  • Commissions: $3/Per Lot
  • Profit Split: Up to 90%
  • Trading Leverage: 1:100
  • News Trading: Allowed
  • Weekend Holding: Allowed
  • Expert Advisors: Allowed
  • Trade Copiers: Allowed
  • Reset Discount: 10%

2-Step Challenge Details

  • Profit Share From Challenge Phase: 15%
  • Phase 1 Profit Target: 8%
  • Phase 2 Profit Target: 5%
  • Maximum Daily Loss: 5%
  • Maximum Overall Loss: 10%
  • Drawdown Type: Balance Based
  • Time Limit (Phase 1): No Time Limit
  • Time Limit (Phase 2): No Time Limit
  • Minimum Trading Days: 5
  • Commissions: $3/Per Lot
  • Profit Split: Up to 90%
  • Trading Leverage: 1:100
  • News Trading: Allowed
  • Weekend Holding: Allowed
  • Expert Advisors: Allowed
  • Trade Copiers: Allowed
  • Reset Discount: 10%

Other Details

FundedNext is committed to making trading accessible and profitable for individuals around the world. With account sizes ranging from $6,000 to $200,000, traders have the flexibility to choose the level that suits them best.

Our Fund, Your Profit

FundedNext offers a unique profit-sharing model with traders. You can earn up to 90% of the profits you generate during the challenge phases. This generous approach aims to reward top traders and deliver on the promise of the best payout bonuses in the industry.

No Time Limit on Challenge Phase

Unlike many other firms, FundedNext imposes no time limits on its funding challenges. This means you can trade with peace of mind, without the pressure of meeting profit targets within tight deadlines.

Balance-Based Drawdown

FundedNext calculates your maximum daily drawdown based on your balance, ensuring a fair and reliable trading experience.

Raw Spreads & Lowest Commissions

FundedNext offers raw spreads, even in Swap Free accounts, and boasts some of the lowest commissions in the industry, with $3 per round lot on Currency Pairs & Commodities and $0 per round lot on Indices.

Meet the Team Behind FundedNext

FundedNext is more than just a trading platform; it's a team of industry veterans, financial experts, and technology enthusiasts working tirelessly to empower traders and provide innovative solutions.

Our Mission

FundedNext's mission is ambitious: to change the lives of 50 million traders worldwide. They are committed to providing cutting-edge strategies, innovative technologies, and exceptional support to revolutionize the trading experience.

Our Vision

FundedNext aims to set the highest benchmarks in everything they do. Their vision is to be the absolute best at creating value for customers, people, and stakeholders.

Why FundedNext?

At FundedNext, they wake up every day with a simple yet powerful purpose: changing lives through trading. Their dedication to traders and their passion for exploration drives them to embrace new strategies and technologies, enabling traders to reach their full potential on the global stage.

In conclusion, FundedNext is not just a trading firm; it's a gateway to a world of opportunities for traders. With its unique challenges, generous profit-sharing, and commitment to excellence, FundedNext is changing the way traders approach the financial markets.

FAQs

To join FundedNext's challenges, you can visit their website and follow the registration process.

FundedNext offers account sizes ranging from $6,000 to $200,000.

Yes, news trading is allowed at FundedNext, depending on the challenge type.

FundedNext offers a profit-sharing model of up to 90% of the profits generated during challenge phases.

FundedNext's challenges come with varying time limits, depending on the challenge type. Some challenges have no time limits.

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FundedNext


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