FundedNext - Taking Prop Trading To The Next Level - The Forex Geek (2024)

Author: The Forex Geek | Published: March 11, 2024

Table of Contents

In an era where the number of prop trading firms is growing relentlessly, a need has arisen for traders to know which prop firm best suits their needs. And with endless options to choose from, FundedNext emerges from the crowd not merely as another entity, but as a revolutionary force in the world of trading. With a mission to reimage the trading landscape and transcend the conventional boundaries of financial markets, FundedNext has slowly and carefully established a trading ecosystem that places the utmost priority on the welfare and success of its traders.

This dedication to nurturing a supportive, caring, and enriching environment has not only helped FundedNext differentiate itself from the multitude of prop firms present today, but has also established it as a pioneering leader in the eyes of the global trading community. With the goal of changing the lives of traders all over the globe, FundedNext has crafted its business model to ensure that the most benefit from it.

Core Values:

At the heart of FundedNext’s business philosophy lies a deep-rooted commitment to transparency, reliability, and the empowerment of every individual trader. This commitment is not just a part of their mission, but something they have embodied completely. By prioritizing the needs and achievements of its traders, FundedNext has become more than just a platform; it has evolved into a beacon of hope and a source of inspiration for traders worldwide, irrespective of whether they are seasoned veterans or newcomers to the world of prop trading.

Profitable & Reliable Payouts:

A trader’s ultimate goal is to earn a living for themselves from trading, maybe even turn it into a full-time gig. This can be difficult, with the low profit-sharing and slow payouts that they face with most prop trading firms. This is why FundedNext has won the hearts of many traders worldwide, due to one of their most commendable features being their approach to profitability and payouts.

FundedNext’s innovative 15% profit-sharing scheme from the Challenge Phase is unique to the industry, with no other prop firms providing any profit-sharing in such evaluation phases. This works as a testament to its trader-centric philosophy, ensuring that traders feel their every effort is adequately rewarded.

And not that’s all, because their brand promise of under 24-hours payouts is the greatest show of unwavering commitment to ensuring that traders’ earnings are processed swiftly and without undue delay. Furthermore, whenever FundedNext is unable to keep its brand promise, they have to offer to pay $1,000 extra to the trader, which has only happened once in its trading legacy. Their consistency in providing the best profitability rates and super fast payouts have skyrocketed their popularity in the prop trading world.

Expansive Features & Add-Ons:

The wide array of features and add-ons available on FundedNext is nothing short of impressive. Catering to a wide range of traders, the platform offers incredible amounts of flexibility, profitability, and speed for an enhanced trading and earning experience. Features such as lifetime 95% profit sharing, 150% refund and weekly withdrawal options are great examples of FundedNext’s understanding of diverse trader needs and its commitment to providing tailored solutions.

Other unique features include their raw spreads and low commissions, which work to attract traders looking for a more accurate and rewarding trading experience. Furthermore, they also approve news trading and offer an add-on for no minimum trading days, reflecting a deep understanding of traders’ needs and the dynamics of global markets.

Innovative Trading Conditions:

FundedNext’s approach to trading conditions, such as the elimination of time limits on the Challenge Phase and the implementation of balance-based drawdowns instead of equity-based drawdowns, showcases their innovative strategy aimed at reducing pressure from traders and enhancing their ability to succeed in their Challenges with enhanced strategic flexibility.

The availability of trading indicators further empowers traders, providing them with the necessary tools and insights to navigate complex market dynamics confidently before committing fully. The Free Trial Accounts are also a powerful tool that allows traders to experience trading on FundedNext servers for free and without risk.

Unwavering Support and User Experience:

The 24/7 professional support offered by FundedNext is top-tier, always ensuring they are providing an uninterrupted and seamless trading experience. This relentless support ensures that traders’ queries and technical issues are always resolved promptly and accurately, allowing them to focus on what they do best: trading. Furthermore, the integration of being able to execute trades directly from the dashboard is another notable feature that enhances user experience through convenience and efficiency.

Commitment to Technological Excellence:

FundedNext’s in-house technological infrastructure represents the pinnacle of trading innovation. Built from the ground up, FundedNext products are created by a team of highly skilled professionals, and due to the in-house nature of these services, they are highly flexible when it comes to readjusting themselves to market changes.

Furthermore, by developing and maintaining its brokerage, FundedNext also ensured better rates and higher security for traders. This in-house approach to technology-enabled FundedNext to stay on top of its game, tailoring its services precisely to traders’ needs and ensuring that that every aspect of the trading experience is optimized for success.

Strategic Global Positioning:

One of FundedNext’s earliest strategic decisions still benefits them to this day, which is operating front the strategic location of the United Arab Emirates. This allowed FundedNext to be positioned as a bridge between Eastern and Western markets, allowing them to offer a truly global trading experience and letting them accommodate traders across various time zones.

This decision also allowed them to take advantage of the UAE’s reputation for economic stability and progressive financial regulations, which further enhanced FundedNext’s position as a reliable and forward-thinking trading platform. Overall, this strategic step brought FundedNext lower costs, better security, and in the eyes of its traders, more reliability.

Building a Supportive Community:

Beyond the tangible features and financial benefits, FundedNext places a significant emphasis on mental and emotional well-being, such as providing free psychology sessions. Furthermore, the cultivation of an integrated dashboard community is another illustration of FundedNext’s holistic approach to trading. These initiatives are designed not just to support traders in their financial endeavors, but also to grow a sense of belonging and community to bring mutual support among the members of their community.

FundedNext also celebrates its inclusive nature through its various affiliate competitions and monthly trading competitions, which offer traders additional avenues for income and recognition in the community. Furthermore, features such as allowing the choice between swap and swap-free accounts demonstrate their respect for diverse trading practices and religious and cultural beliefs. These, although subtle, reinforce FundedNext’s commitment to inclusivity and ethical trading.

Final Thoughts:

In essence, FundedNext is not just a proprietary trading platform; it is a vibrant community dedicated to the success and well-being of its members. Through its innovative features, trader-first approach, and commitment to providing a supportive environment, FundedNext stands as a testament to what is possible when a trading platform truly aligns its interests with those of its traders. As FundedNext continues to grow and evolve, it remains steadfast in its mission to transform the lives of traders around the globe, one trade at a time, proving that in the world of proprietary trading, FundedNext is indeed a cut above the rest.

FundedNext - Taking Prop Trading To The Next Level - The Forex Geek (5)

The Forex Geek

Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.

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FundedNext - Taking Prop Trading To The Next Level - The Forex Geek (2024)

FAQs

Is funded Next a good prop firm? ›

Highly recommended! FundedNext changed the game for me with their 15% profit share right from the challenge phase—highly recommend!

What is the lifetime payout for FundedNext? ›

Lifetime Payout 95% Add-On:

However, if your account is under this add-on, then the lifetime Profit Share will be 95% from the FundedNext Account.

Does FundedNext accept US clients? ›

Residents of the US who are not citizens cannot trade with FundedNext for now.

What is the 90% rule in forex? ›

It goes along the lines, 90% of traders lose 90% of their money in the first 90 days. If you're reading this then you're probably in one of those 90's... Make no mistake, the entire industry is set up that way to achieve exactly that, 90-90-90.

What countries are banned from funded next? ›

As of now, residents of Bangladesh, North Korea, Syria, and the United States are not able to access FundedNext's trading platform. The decision to implement these restrictions is based on careful consideration of several factors.

Is funded next regulated in the USA? ›

Is FundedNext regulated under USA or Canadian jurisdiction? FundedNext operates within the regulatory framework of the United Arab Emirates (UAE). As a result, FundedNext's services remain unaffected by regulatory actions in Canada and the United States of America, ensuring traders can continue trading with confidence.

Is scalping allowed on FundedNext? ›

Swing trading, scalping, and other trading philosophies are all welcome at FundedNext. Traders are encouraged to experiment with them. Additionally, traders are free to make use of other tools like copiers and expert advisors.

Did FTMO ban US traders? ›

In what appears to be related to the latest MetaQuotes crackdown on the proprietary trading landscape, prop firm FTMO has stopped onboarding US clients, Finance Magnates has learned. New traders attempting to register from a US IP address were unable to complete the registration form.

Is 20% a month realistic forex? ›

Achieving a 20 percent monthly profit in Forex trading is possible, but it is important to note that it is not guaranteed and highly depends on various factors. Forex trading involves risks, and the market can be volatile. It requires knowledge, skills, experience, and a well-developed trading strategy.

Is $500 enough to trade forex? ›

This forex trading style is ideal for people who dislike looking at their charts frequently and who can only trade in their free time. The very lowest you can open an account with is $500 if you wish to initiate a trade with a risk of 50 pips since you can risk $5 per trade, which is 1% of $500.

What is the 5 3 1 rule in forex? ›

The numbers five, three, and one stand for: Five currency pairs to learn and trade. Three strategies to become an expert on and use with your trades. One time to trade, the same time every day.

Does funded Next pay out? ›

Once traders submit their withdrawal request, FundedNext's dedicated team promptly processes and disburses their profits efficiently. As part of FundedNext's commitment to quality service, payouts are issued within 24 hours.

What is the difference between funded Next and FTMO? ›

FundedNext and FTMO both offer multiple funding programs to forex traders worldwide. FundedNext offers two one-step evaluations and two two-step evaluations. FTMO, on the other hand, offers a two-step evaluation.

Which broker does funded Next use? ›

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.

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