Company Information of FundedNext

• Company Name: FundedNext
• Company Legal Name: GrowthNext F.Z.C.
• Company Registration Number: 28831
• Operating Since: March 18, 2022
• CEO Name: Abdullah Jayed

Challenge Details of FundedNext

FundedNext offers four type of challenge programs:

1. Stellar Program
2. Stellar Lite Program
3. Evaluation Program
4. Express Program

Stellar Program of FundedNext

Stellar Program 1-Phase Challenge

Prices:

• $6000 Account : $65
• $15000 Account : $129
• $25000 Account : $219
• $50000 Account : $329
• $100000 Account : $569
• $200000 Account : $1099

Rules:

• Profit Target: 10%
• Total Loss: 6%
• Daily Loss: 3%
• Profit Share: 80% (95% with Add-on)
• Drawdown Type: Balance-Based Drawdown
• Time Limit: Unlimited
• Leverage: FX 1:30, Indices 1:5, Commodities 1:10, Crypto 1:1
• Max Lot Size: 5 lots (Forex), 3 lots (Indices, Commodities, Metals)
• Payout Frequency: 14 Days
• Allows Copy Trading: Only master accounts
• Min Trading Days: 2 Days

Stellar Program 2-Phase Challenge of FundedNext

Prices:

• $6000 Account : $59
• $15000 Account : $119
• $25000 Account : $199
• $50000 Account : $299
• $100000 Account : $549
• $200000 Account : $999

Rules:

• Profit Target (Phase 1): 8%
• Profit Target (Phase 2): 5%
• Total Loss: 10%
• Daily Loss: 5%
• Profit Share: 80% (95% with Add-on)
• Drawdown Type: Balance-Based Drawdown
• Time Limit: Unlimited
• Leverage: FX 1:100, Indices 1:15, Commodities 1:25, Crypto 1:1
• Max Lot Size: 5 lots (Forex), 3 lots (Indices, Commodities, Metals)
• Payout Frequency: 14 Days
• Allows Copy Trading: Only master accounts
• Min Trading Days: 5 Days

Stellar Lite Program of FundedNext

Prices:

• $6000 Account : $32
• $15000 Account : $59
• $25000 Account : $139
• $50000 Account : $229
• $100000 Account : $399

Rules:

• Profit Target (Phase 1): 8%
• Profit Target (Phase 2): 4%
• Total Loss: 8%
• Daily Loss: 4%
• Profit Share: 80% (95% with Add-on)
• Drawdown Type: Balance-Based Drawdown
• Time Limit: Unlimited
• Leverage: FX 1:100, Indices 1:15, Commodities 1:25, Crypto 1:1
• Max Lot Size: 5 lots (Forex), 3 lots (Indices, Commodities, Metals)
• Payout Frequency: 14 Days
• Allows Copy Trading: Only master accounts
• Min Trading Days: 5 Days

Scaling Plan of FundedNext

FundedNext offers an excellent scaling plan for their funded traders, with which traders can grow their accounts up to $4 million. Traders will have to match 3 criteria qualify:

1. Achieve at least 10% profit in four consecutive months.
2. Withdraw profits at least 2 times during this 4 month period.
3. The last trading cycle in profit should end in profit.

Spreads and News Trading Rules of FundedNext

Spreads of FundedNext:

FundedNext offers demo accounts for traders to check live spreads on MetaTrader 4 and MetaTrader 5:

• MetaTrader 4:
  • Login ID: 123456
  • Password: FN2022
  • Server ID: FundedNext-Server
• MetaTrader 5:
  • Login ID: 123456
  • Password: @Fn2022*
  • Server ID: FundedNext-Server

News Trading Rules of FundedNext:

FundedNext allow traders to trade during news in Stellar, Stellar Lite, and Evaluation Programs but traders are not allowed to trade during news on their Express Programs and it applies for both consistency and Non-Consistency. Traders are not allowed to trade 5 minutes before and after any high impact news event.

Other Important Rules of FundedNext

Daily Drawdown Calculation of FundedNext:

In FundedNext, Daily drawdown is calculated based on Equity or Balance whichever is higher at the end of the day. The daily drawdown limit increases or decreases based on the account balance.

Countries Banned from Purchasing of FundedNext:

FundedNext has mentioned a list of countries which are not allowed to trade on their platform.

• Bangladesh
• North Korea
• Syria
• The United States
• American Samoa
• Puerto Rico
• Grenada
• Chad
• Belize
• Antigua and Barbuda
• Cape Verde
• Tuvalu
• Vietnam
• Bouvet Island
• Burundi
• Cook Islands
• Eritrea
• Comoros
• Fiji

Gambling Rules of FundedNext:

FundedNext has few activities which are deemed as Gambling and traders are not allowed to indulge or get used to these activites. These activites are :-

• All in One Trading Strategy
• Account Rolling
• One-sided Betting
• Hyperactivity
• Account Sharing/Device Sharing

FundedNext has also explained these strategies in detail in their Prohibited Trading Strategies section.

Prohibited Trading Strategies of FundedNext:

There are also few trading strategies which are not allowed :-

• High-Frequency Trading Bots
• Latency Trading
• Tick Scalping
• Arbitrage Trading
• Group hedging
• Hedging

Payout Methods of FundedNext:

FundedNext offers five payout methods which are well preferred by traders :-

• Astropay
• Apple Pay
• Perfect Money
• Wise
• Bank transfers

Trading Commissions of FundedNext:

• For Stellar 2-Step, Evaluation and Express Programs: $3/lot for Forex and Commodities; $0/lot for Indices and Crypto.
• For Stellar 1-Step program : $5/lot for Forex and Commodities; $0/lot for Indices and Crypto.
• Stellar Lite Program: $7/lot for Forex and Commodities; $0/lot for Indices and Crypto.

IP Rules of FundedNext:

FundedNext allow traders to trade with up to 2 devices simultaneously but if a trader wants to use more devices then they will have to provide proof of their ownership. 

Traders can also use Public/Private networks and use of VPN is also allowed but traders who live in restricted countries must not use VPN to hide their location as it is not allowed and can result in account breach, Denial of Funds or removal of the account.