FundedNext Review

What is FundedNext?

FundedNext, trading under the legal entity GrowthNext F.Z.C, is a proprietary trading firm that commenced its activities on March 18, 2022. The company is located in Dubai, United Arab Emirates, and is led by CEO Abdullah Jayed. 

FundedNext gives traders a choice of five account types and the opportunity to complete either two two-step evaluations or three one-step evaluations. In addition, traders can create their servers for MetaTrader 4 Incenteco and MetaTrader 5 GrowthNext.

The corporate headquarters of FundedNext is located in Office no. 7, AI Robotics HUB, C1 Building, AFZ, Ajman, United Arab Emirates.

Abdullah Jayed CEO (Chief Executive Officer) at FundedNext 

Abdullah Jayed has gained worldwide acclaim as a highly talented young entrepreneur in the digital sector and retail trading industry. In 2016, he founded Jayed Corp with the primary objective of creating worldwide job prospects and streamlining individuals’ lives.

Jayed quickly established three initiatives, Growth Alliance, MoneyBackFX, and eComChef, as prominent companies in their respective areas. Expanding upon his achievements in the retail trading market, he subsequently founded FundedNext, a very lucrative proprietary trading firm that distinguishes itself as an attractive prospect within the proprietary trading sector.

Jayed fervently promotes the pursuit of dreams by young and ambitious persons as a means to accomplish their goals. This mindset is apparent in his FundedNext project, wherein he motivates traders with strong tactics to undergo assessments, providing them with the opportunity to gain access to additional cash and earn profit splits depending on percentages as a reward for their dedication and effort.

To stay updated on Abdullah Jayed’s activities, anyone can follow him on Instagram and LinkedIn, where he shares his daily updates and endeavors.

FundedNext Funding Programs and Challenges: Rules and Requirements 

FundedNext offers its traders a selection of five distinct funding program options:

• Two-step Stellar Challenge
• One-step Stellar Challenge
• Evaluation Model
• Consistency Express Model
• Non-Consistency Express Model

Two-step Stellar Challenge

FundedNext is offering the Two-step Stellar Challenge for traders where they can manage account sizes ranging from $6,000 to $200,000. The main objective is to identify skilled traders who show profitability and excellent risk management during the two-step evaluation period. Participants can trade with leverage of up to 1:100 in the Two-step Stellar Challenge.

During the initial evaluation phase, traders must attain a profit target of 8% while ensuring that they do not over the 5% limit for daily losses or the 10% limit for overall losses. There is no explicitly defined upper limit for the number of trading days required in this phase, however, a minimum of five trading days is mandatory to advance to phase two.

Proceeding to the second assessment stage, traders are required to achieve a 5% profit objective while strictly following the 5% limit on daily losses and the 10% limit on overall losses. Phase two, like phase one, does not have a maximum trading day requirement. However, to progress to a funded account, a minimum of five trading days is required.

Traders who complete both evaluation steps will be awarded a funded account without any minimum withdrawal conditions. Traders are required to adhere to the restrictions that limit their daily loss to a maximum of 5% and their overall loss to a maximum of 10%. 

The first payout is made 14 days after the first position is placed on the funded account, and future withdrawals are permitted every two weeks. 

The profit distribution varies between 80% and 90%, depending on the profit made from the financed account. In addition, a 15% profit share is given for the profit earned during each evaluation phase, but only if a 5% return on the funded account is achieved.

Add-ons for FundedNext’s Two-step Stellar Challenge

1. 95% Lifetime Profit Split

Two-step Stellar Challenge Scaling Plan

The Two-step Stellar Challenge implements a scaling strategy. A trader qualifies for an account size increase equal to 40% of the initial account size if they show profitability in at least two of the last four months. 

This can be achieved by either maintaining an average return of 10% over three months or achieving a 2.5% return each month over the four months. After the trader initially scales the Two-step Stellar Challenge, the profit split increases to 90%.

As an example:

• After 4 months, an account with a value of $100,000 experiences an increase and reaches a total of $140,000.
• After 4 months, an account with a value of $140,000 experiences an increase and reaches a total of $180,000.
• Following the next 4 months, an initial investment of $180,000 grows to $220,000.

Two-step Stellar Challenge Trading Rules & Objectives

• Profit Target: Traders who are involved in evaluation phases, withdrawal processes, or account scaling are required to achieve specific profit percentages. Phase 1 mandates a profit aim of 10%, whilst Phase 2 entails achieving a profit target of 5%. Funded accounts, on the other hand, lack explicit profit objectives.

• Maximum Daily Loss: This parameter sets the upper limit for the amount of loss a trader can experience in a single day of trading without breaching the rules of the account. Irrespective of the size of the account, the maximum amount that can be lost in a single day is limited to 5%.

• Maximum Loss: This criterion is the most total loss that a trader can experience without violating the rules of their account. Every account, regardless of its size, has a uniform maximum loss threshold of 10%.

• Minimum Trading Days: This condition determines the shortest period that a trader must be actively involved in trading before completing an evaluation phase. Both evaluation rounds require a minimum commitment of 5 trading days.

One-step Stellar Challenge

The One-step Stellar Challenge offered by FundedNext allows traders to handle account sizes ranging from $6,000 to $200,000. The objective is to identify traders that exhibit discipline, profitability, and effective risk management throughout a single evaluation period. The One-step Stellar Challenge offers the opportunity to engage in leveraged trading with a maximum leverage ratio of 1:30.

Traders in the evaluation phase aim for a 10% profit target, adhering to a 3% maximum daily loss and a 6% maximum loss. No specific daily trading requirements exist, but a minimum of five trading days is necessary to advance to a funded account. Completing the evaluation yields a funded account without minimum withdrawal restrictions. 

Payouts occur 14 days after the first funded account trade, followed by bi-weekly withdrawal options. Profit splits range from 80% to 90%, with an additional 15% profit share upon achieving a 5% return on the funded account during the evaluation phase.

Add-ons for FundedNext’s One-step Stellar Challenge

1. 95% Lifetime Profit Split
2. Weekly Payouts

FundedNext Broker: Do They Use a Reliable Platform? 

When choosing a proprietary trading firm that aligns with the forex trading style, it is crucial to evaluate the attainability of the trading needs. While a company may appear attractive due to a generous profit split on a well-capitalized account, it may not be feasible if they demand substantial monthly gains while maintaining limited maximum drawdown percentages, which could diminish the likelihood of achieving success. 

Considering time restraints is crucial, since having an unrestricted trading period is advantageous, as it eliminates the stress associated with time limitations. Furthermore, it is imperative to acquaint oneself with all trading regulations during the assessment and financing phases to prevent unintentional breaches of one’s trading account terms.

Two-Step Stellar Challenge

Receiving capital is realistic with below-average profit targets (8% in phase one, 5% in phase two) and average maximum loss rules (5% daily, 10% maximum). No maximum trading day requirements, but a minimum of 5 days is necessary. Successful completion offers payouts with a profit split of 80% to 95%.

One-Step Stellar Challenge

Capital acquisition is realistic with a 10% profit target and average maximum loss rules (3% daily, 6% maximum). No maximum trading day requirements, but a minimum of 5 days is necessary. Successful evaluation results in payouts with a profit split of 80% to 95%.

An evaluation Model

A realistic capital reception with average profit targets (10% in phase one, 5% in phase two) and average maximum loss rules (5% daily, 10% maximum). Maximum trading period of 4 weeks in phase one, 8 weeks in phase two, and a minimum of 5 trading days. Successful completion yields payouts with a profit split of 80% to 95%.

Consistency Express Model

Capital acquisition is realistic with a slightly above-average profit target of 25% and average maximum loss rules (5% daily, 10% maximum). No maximum trading day requirements, but a minimum of 10 days is necessary, along with a consistency rule and no weekend holding. Successful evaluation results in payouts with a profit split of 60% to 95%.

Non-Consistency Express Model

Realistic capital reception with a slightly above-average profit target of 25% and average maximum loss rules (5% daily, 10% maximum). No maximum trading day requirements, but a minimum of 10 days is necessary. Successful completion yields payouts with a profit split of 60% to 95%.

FundedNext Fees: How Much Do They Charge? 

Trading Commission

Education for Traders 

FundedNext offers its audience an extensive Blog featuring instructional content across five distinct categories:

1. Market Analysis – Educational market recap articles
2. Important Announcement – Latest company news and updates
3. Forex Trading Guide – Educational trading guides
4. Traders’ Tale – Educational stories of traders from all across the globe
5. Trades Update – Latest trade and holiday updates

Ultimately, FundedNext provides all clients with access to a meticulously crafted trader dashboard. This feature improves risk management by offering uninterrupted access to extensive statistics and goals, guaranteeing instantaneous changes.

FundedNext Proof of Payment:

Proprietary trading firm established on March 18, 2022. Boasts a sizable community of traders achieving funded status with successful qualification for profit splits.

• Criteria for Receiving Payment: After finishing funding requirements such as Two-step Stellar, One-step Stellar, Evaluation Model, Consistency Express Model, or Non-Consistency Express Model, the initial payment becomes available after 14 calendar days. If the trader exceeds the original account size, subsequent rewards are provided every 14 days. The profit split varies between 80% and 90%, depending on the amount of profit earned on the financed account.

• Evidence of payment: FundedNext’s payment verification is accessible on multiple platforms, including Trustpilot. Traders recount their experiences and describe the smooth and efficient payout procedures on Trustpilot. Further sources of payment verification can be accessed through FundedNext’s Discord channel, YouTube, and Instagram sites, where payout certificates of accomplished traders are shown.

Which Broker Does FundedNext Use?

FundedNext sets itself apart by abstaining from the use of conventional broker brands and instead using its exclusive GrowthNext and Incenteco servers. Traders that use FundedNext have the option to use either MetaTrader 4 when connected to the Incenteco server or MetaTrader 5 when linked to the GrowthNext server as their preferred trading platform.

FundedNext Customer Support: 

1. Twitter- 

FundedNext has cultivated a community of 88.7K followers on Twitter. This platform functions as a dynamic environment for immediate updates, news, and engagements with the trading community. Traders can remain updated on the latest developments and participate in discussions with individuals who share similar interests by subscribing to their Twitter accounts.

2. Youtube-

FundedNext is a YouTube channel that is both instructive and engaging, with a substantial audience of 49.5K followers. This channel contains a total of seven published videos, making it an excellent resource for traders of all skill levels. The YouTube channel enhances FundedNext’s offerings by providing instructional content and insights into the trading world in a visual format.

3. Instagram- 

FundedNext has a flourishing presence on Instagram, boasting a follower count of 79,000. This platform delivers a visually immersive experience into the realm of trade, offering a distinct viewpoint on the company’s actions and accomplishments. It serves as a catalyst for traders’ creativity and a means of maintaining a sense of community.

4. Customer Support- 

Live Support Channels:

• Live Chat ✅
• Email: support@fundednext.com
• Phone: +35725255160

Supported Languages: English, Dutch, Spanish, Portuguese, Deutsch, Thai, Malaysian, Hindi, Polish, Italian, Arabic, French

5. Process of Account Opening in FundedNext-  

• Registration Form – Enroll in FundedNext by completing the registration form with personal information and accessing the trading dashboard.

• Choose Your Account – Select the desired account size, account type, trading platform, and swap choice.

• Apply Discount Code – Utilize our promo code FOREXPROPREVIEWS to receive a 10% discount on all sorts of FundedNext accounts.

• Choose Your Payment Method – Select from the available payment methods: credit/debit card, cryptocurrency, bank transfer, or Perfect Money.

• Receive Login Credentials – Locate an email from FundedNext including a salutation, which provides you with the means to access the login information for the recently acquired trading account.

What Makes FundedNext Unique? 

FundedNext is a privately owned company that provides five distinct account options, including two types of two-step assessments and three types of one-step assessments. The platform distinguishes itself from other organizations by its distinctive features, such as Challenge account add-ons, an unconstrained trading time (except the Evaluation Model), bi-weekly withdrawals, and a 15% profit split from demo phases.

The Two-step Stellar Challenge is a thorough evaluation process consisting of two steps. To be eligible for payments, participants must complete both phases. Traders are required to achieve profit targets of 8% during phase one and 5% during phase two, while also following the criteria of not exceeding a maximum daily loss of 5% and a maximum loss of 10%.

During the evaluation phases, there are no stipulated maximum trading day restrictions. However, traders are obligated to engage in trading activities for a minimum of 5 calendar days in each phase. The unique aspect of the Two-step Stellar Challenge lies in its scaling plan, which enables traders to manage greater account sizes. 

This challenge distinguishes itself from other industry funding initiatives by offering an

 unrestricted trading term, an additional 95% profit split for a trader’s lifetime, the option to withdraw funds every two weeks, and a 15% profit share during demo phases.

For instance- A comparison between FundedNext and Finotive Funding

FundedNext Reviews: What Do Their Customers Say?

Trustpilot- 

FundedNext has achieved a rating of 4.7 out of 5 stars on Trustpilot, as determined by feedback from 9,384 consumers. They have obtained verification as a company on Trustpilot. The company is thriving on this platform.

#1. Pedro sh states that it is his third day participating in the challenge. He consistently utilizes low-spread brokers for his scalping strategy. The spread on his challenge account is minimal, ranging between 7 and 20 on XAUUSD and virtually non-existent on US30 without any commission. He has not observed any indications of suspicious activity, and the take profit (TP) and stop loss (SL) were consistently executed at the precise price. The customer service is exceptionally kind, and their response time is remarkably quick. 

He has not yet achieved the compensation threshold, but he will provide an update after he has requested a payout. He has nearly examined all of the proprietary trading organizations, and he selected this particular one since it has a physical office in Dubai, where he resides. 

Dubai maintains strict regulations and exhibits a high level of sensitivity towards these matters. Consequently, operating a prop business in Dubai signifies its legitimacy; otherwise, it would be promptly terminated.

#2. LaSanj declared that it is a reputable proprietary trading firm. He completed several challenges with them and has earned one payment thus far. The conditions are favorable, as they permit EA trading. Consequently, he utilized propea.net to recoup the expenses incurred from the failed challenges. This approach proved to be quite successful for me, enabling me to both pass the challenges and engage in trading with the funded account.

Although they encountered some technical issues, they were promptly resolved. However, their customer assistance may benefit from being more prompt in their responses.

#3. According to Moemen, if someone examines NZDCAD and all NZD pairings between 11 and 12 pm, they will observe significant manipulation. If they attempt to relocate their stop loss, they will receive a message indicating that the market is closed. Examine the NZDCAD chart on TradingView and refer to their charts to have a clear understanding of the intended message.

#4. Majid Kia revealed that it was the worst prop firm he had ever encountered.

He possesses an account with the number 498753, containing a balance of 25 thousand units, and is secured by a two-step authentication process using the Steller platform.

He received an email just two days before his payout period, stating that there were allegations of his engaging in copy trading.

Despite providing them with many pieces of evidence, they have neglected to review them. he has thoroughly explained his strategies, including specific facts regarding suspicious trades. However, they are now disavowing any responsibility for his issue and instead sending him generic, duplicated emails without addressing the content of his messages.

Conclusion

To summarize, FundedNext is a respected proprietary trading firm that provides five funding programs: the Two-step Stellar Challenge, the One-step Stellar Challenge, the Evaluation Model, the Consistency Express Model, and the Non-Consistency Express Model. The Two-step Stellar Challenge entails a two-stage assessment with attainable profit objectives of 8% and 5% in the first and second stages, respectively. 

The One-step Stellar Challenge is a one-phase assessment that necessitates achieving a 10% profit objective. The Evaluation Model is a two-step process that sets profit targets of 10% and 5%. It also requires a minimum trading period of 5 days in each phase. 

The Consistency Express Model is a single-step assessment that requires a profit target of 25% and a minimum trading time of 10 days. It includes a consistency guideline and does not allow holding positions over the weekend. 

FundedNext is a prominent proprietary trading organization that offers a comprehensive scaling plan, distinctive features, and a profit-sharing arrangement of 15%, catering to a wide range of trading styles.