Reviews
- Affordable evaluation fee.
- Minimum trading period of 10 days.
- Reasonable profit split of up to 90%.
- No trading restrictions.
- Low commissions and spreads.
- Leverage of 1:100.
- Allowance for expert advisors and risk mitigation.
- Account scaling up to $4,000,000.
- Account monitoring through a mobile app.
- Bi-weekly payments.
- A relatively new company with fewer traders.
- Limited funding program options.
FundedNext is a company that provides funding support for promising forex traders with amounts up to $4,000,000 and offers a fair profit split. They currently offer two models for traders: Evaluation and Express. The Evaluation model consists of two stages that require traders to achieve profit targets while maintaining drawdown limits. On the other hand, the FundedNext Express model allows traders to earn while building their trading skills, with up to 15% profit share from a demo account.
Company Overview
FundedNext is a financial firm that provides funding solutions for promising forex traders. They offer funding of up to $4,000,000 and a fair profit split arrangement. FundedNext aims to support traders in developing their trading skills while earning profits.
Types of Funding Model
FundedNext offers two different funding models for their community. Traders have the option to choose between the two-step evaluation model and the one-step express model.
Evaluation Model
FundedNext offers five account sizes for the Evaluation model, with corresponding one-time fees:
- $15,000 account size with a $99 one-time fee
- $25,000 account size with a $199 one-time fee
- $50,000 account size with a $299 one-time fee
- $100,000 account size with a $549 one-time fee
- $200,000 account size with a $999 one-time fee
The Evaluation model involves a two-step challenge that traders must complete before receiving an actual funded account. Step one requires a profit target of 10% without violating the 5% daily or 10% overall drawdown limits within a trading period of 30 days (minimum of 10 trading days). Successful completion of step one qualifies traders for a 15% profit share. Step two requires a profit target of 5% without violating the drawdown limits within a trading period of 60 days (minimum of 10 trading days). Successful completion of step two qualifies traders for an 80% profit share, which can increase up to 90%. Traders can enjoy a comfortable trading environment with a leverage of 1:100 and the freedom to use any trading strategy or style.
Express Model
FundedNext also offers the Express model, which includes four account sizes with corresponding one-time fees:
- $15,000 account size with a $119 one-time fee
- $25,000 account size with a $229 one-time fee
- $50,000 account size with a $379 one-time fee
- $100,000 account size with a $699 one-time fee
In the Express model, traders undergo a one-step challenge. They need to achieve a profit target of 25% without violating the 5% daily or 10% overall drawdown limits within a minimum trading period of 10 days. Successful completion qualifies traders for a 15% profit share. After completing the challenge, traders receive a funded account with the same scale as their evaluation account. They are then eligible for a profit share of 60%, which can increase up to 70% and eventually reach 90% by adhering to consistent and disciplined trading practices.
Trading Platform
FundedNext provides traders with access to the popular MetaTrader 4 (MT4) trading platform.
MT4 is a highly regarded and widely used platform in the financial industry. It is renowned for its comprehensive charting tools, advanced technical analysis capabilities, and extensive range of trading indicators.
With MT4, traders can execute trades with speed and precision, analyze market trends, and implement various trading strategies. Additionally, MT4 supports automated trading through the use of Expert Advisors (EAs), allowing traders to automate their trading processes.
FundedNext's integration with the MetaTrader 4 platform empowers traders with a robust and feature-rich trading environment.
Trader Reviews
FundedNext has received excellent reviews from its community. On Trustpilot, it has an average rating of 4.5/5 from 124 reviews. Positive feedback mainly highlights their responsive customer support team and the well-structured user interface.
Commission and Spread
FundedNext offers traders the flexibility to choose between two funding models: the Evaluation Model and the Express Model. These models are designed to cater to the diverse needs of traders within the FundedNext community.
Under the Evaluation Model, traders can get started with a one-time fee starting from $99. This model allows traders to showcase their skills and prove their profitability through a two-step evaluation process. Upon successful evaluation, traders can access funding with profit-sharing arrangements of up to 80-90%, enabling them to retain a significant portion of their trading profits.
Alternatively, traders can opt for the Express Model, which requires a one-time fee starting from $119. This model provides a faster path to funding, allowing traders to skip the evaluation process. With profit-sharing arrangements of up to 60-70%, traders can still enjoy competitive profit splits while getting access to funding more quickly.
In addition to the different fee structures and profit-sharing arrangements, FundedNext also ensures that traders benefit from low commission rates and competitive spreads. This enables traders to execute their trades efficiently and effectively, maximizing their potential returns.
Aspect | Details |
---|---|
Fee Structures | FundedNext offers different fee structures for its funding programs |
– Evaluation Model: Starts from $99 one-time fee | |
– Express Model: Starts from $119 one-time fee | |
Profit-Sharing | FundedNext provides competitive profit-sharing arrangements |
– Evaluation Model: Profit sharing up to 80-90% | |
– Express Model: Profit sharing up to 60-70% | |
Commission | FundedNext offers low commission rates for traders |
Spread | FundedNext provides competitive and tight spreads for trading |
Customer Support
FundedNext offers comprehensive customer support through various channels:
- Live Chat: Instant real-time assistance on the website.
- Email Support: Timely responses to queries via email.
- Knowledge Base: Extensive resource with articles and FAQs.
- Social Media: Active presence on Facebook, Twitter, and LinkedIn.
- Phone Support: Direct contact with support representatives.
FundedNext prioritizes prompt and effective customer support, ensuring traders' needs are met for a seamless trading experience.
Conclusion
FundedNext is an emerging and competitive trading company that offers a user-friendly trading platform, a variety of financial instruments, and robust customer support. Traders can take advantage of FundedNext's innovative funding programs and access to the MetaTrader 4 platform to enhance their trading experience. With a commitment to transparency, security, and client satisfaction, FundedNext strives to empower traders and help them achieve their financial goals. It provides a reliable and supportive trading environment for both experienced and novice traders.
FAQ's
What is FundedNext?
FundedNext is a trading company that offers funding programs and access to the MetaTrader 4 platform.
How does the funding program work?
FundedNext offers two funding models: Two-Step Evaluation and Fast One-Step. Traders prove their skills and receive funding based on performance.
What is the MetaTrader 4 platform?
MetaTrader 4 (MT4) is a popular trading platform with advanced features and a wide range of financial instruments.
Are there any fees or commissions?
FundedNext has different fee structures and profit-sharing arrangements. Review terms and conditions for details.
How can I contact customer support?
FundedNext provides customer support via email, live chat, and phone.
Is FundedNext regulated?
FundedNext operates under its parent company, which may be regulated. Check the parent company's regulatory status.
Can I trade with FundedNext from any country?
FundedNext accepts traders from various countries, but there may be restrictions. Check if your country is supported.