FundedNext Review – Are They Legit? My Honest Take

Hi, welcome to my FundedNext review.

Today, I’ll be going through the company’s rules, reviews, challenges, fees and more to help you determine if they are worth your money.

FundedNext is certainly among the most popular prop firms. They have received a lot of praise from their satisfied clients.

However, there are a ton of prop firms with attractive offers. This makes it difficult to determine if FundedNext is the best or not.

In this FundedNext review, I’ll help you find the answer to this question.

FundedNext Pros and Cons

Pros

• Development: 2.5 years before launch
• Excellent (4.7/5) Trustpilot rating.
• Five unique funding programs exist.
• Developed MT5 GrowthNext and MT4 Incenteco servers, offering a diverse range of trading products including FX pairings, commodities, and indices.
• Up to 1:100 leverage
• No maximum trading period (excluding the Evaluation Model).
• Scaling Plan executed
• Profit share is 60%–95%.
• 15% demo phase profit split
• Allow overnight and weekend holding. News trading allowed (excluding the Consistency Express Model).
• No index commissions
• Drawdown dependent on balance
• Trading psychologists available 

Cons

• Trading day minimum: 5 days
• Evaluation Model Maximum trading period
• A high 25% profit target for Consistency and Non-Consistency Express Models
• The Consistency Express Model prohibits news trading.
• Consistency Express Model consistency rule 

What is FundedNext?

FundedNext is a proprietary trading firm that started operating on March 18, 2022, under the official name GrowthNext F.Z.C. CEO Abdullah Jayed is in charge of the business, which has its headquarters in Dubai, United Arab Emirates.

Traders can choose from five different account kinds with FundedNext, and they can complete two two-step or three one-step evaluations. Traders can also set up their servers for MetaTrader 5 GrowthNext and MetaTrader 4 Incenteco.

Located in Office No. 7, AI Robotics HUB, C1 Building, AFZ, Ajman, United Arab Emirates, is the corporate headquarters of FundedNext. 

Abdullah Jayed CEO (Chief Executive Officer) at FundedNext 

Abdullah Jayed is a young entrepreneur with great talent who has made waves in the retail trading and internet sectors. He established Jayed Corp in 2016 with the main goal of improving people’s lives and generating employment opportunities across the globe.

Jayed swiftly turned three ventures into well-known businesses in their respective fields: eComChef, MoneyBackFX, and Growth Alliance. Building on his successes in the retail trading space, he then started FundedNext, a highly profitable proprietary trading company that stands out as an appealing option in the proprietary trading industry.

Jayed strongly advocates for young, aspirational people to follow their aspirations to achieve their objectives. This approach is demonstrated by his FundedNext project, where he encourages traders who have effective strategies to take assessments. By doing so, he gives them the chance to receive more funding and receive profit splits based on percentages as compensation for their commitment and hard work.

Anyone interested in keeping up with Abdullah Jayed’s activities can follow him on LinkedIn and Instagram, where he posts updates on his daily 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 providing traders with the opportunity to manage account amounts ranging from $6,000 to $200,000 through its Two-step Stellar Challenge. Finding knowledgeable traders who demonstrate profitability and superior risk management throughout the two-step assessment phase is the primary goal. In the Two-step Stellar Challenge, players can trade with up to a 1:100 leverage.

• Account Size: $6,000
  • Price (Standard): $59
  • Price (Swap-Free): $65
• Account Size: $15,000
  • Price (Standard): $119
  • Price (Swap-Free): $131
• Account Size: $25,000
  • Price (Standard): $199
  • Price (Swap-Free): $219
• Account Size: $50,000
  • Price (Standard): $299
  • Price (Swap-Free): $329
• Account Size: $100,000
  • Price (Standard): $519
  • Price (Swap-Free): $571
• Account Size: $200,000
  • Price (Standard): $999
  • Price (Swap-Free): $1,099

In the first assessment stage, traders need to hit an 8% profit target while making sure they don’t go over the 5% daily loss cap or the 10% overall loss cap. The minimum number of trading days needed to go on to phase two is five, however, there is no set maximum for the number of trading days needed in this phase.

To go on to the second evaluation phase, traders must meet a profit target of 5% while closely adhering to the daily loss cap of 5% and the overall loss cap of 10%. Similar to phase one, phase two does not have a limited number of trading days. However, it takes at least five trading days to get to a funded account.

A funded account with no minimum withdrawal requirements will be granted to traders who successfully finish both evaluation stages. Traders must abide by the limitations, which cap their total loss at 10% and their daily loss at a maximum of 5%.

After the first position is placed on the funded account, the first payout occurs 14 days later, and subsequent withdrawals are allowed every two weeks.

Depending on the profit earned on the financed account, the profit sharing ranges from 80% to 90%. Additionally, if a 5% return on the funded account is realized, a 15% profit share is awarded for the profit made during each evaluation phase. 

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

1. 95% Lifetime Profit Split

Two-step Stellar Challenge Scaling Plan

The scaling approach is implemented in the Two-step Stellar Challenge. If a trader has demonstrated profitability in at least two of the previous four months, they are eligible for an account size increase of 40% of the original account size.

Either a 10% monthly average return over three months or a 2.5% monthly return over four months can be used to accomplish this. The profit split rises to 90% once the trader completes the Two-step Stellar Challenge.

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: Certain profit percentages must be met by traders who are engaged in account scaling, withdrawal procedures, or evaluation stages. Phase 1 requires a 10% profit target, and Phase 2 calls for a 5% profit target. Conversely, funded accounts don’t have clear profit targets.
• Maximum Daily Loss: This parameter establishes the maximum loss a trader may incur in a single trading day without going against the terms of the account. 5% is the most that can be lost in a single day, regardless of the size of the account.
• Maximum Loss: This criterion is the biggest overall loss a trader may incur without going against the terms of their account. All accounts have a consistent 10% maximum loss threshold. This applies to all account sizes.
• Minimum Trading Days: This requirement establishes the least amount of time that a trader has to be actively trading to finish the assessment phase. A minimum of five trading days must be committed to both evaluation cycles. 

One-step Stellar Challenge

FundedNext offers a One-step Stellar Challenge that lets traders manage account sizes from $6,000 to $200,000. Finding traders that demonstrate discipline, profitability, and efficient risk management throughout a single assessment period is the goal. With a maximum leverage ratio of 1:30, the One-step Stellar Challenge provides the chance to trade leverage.

• Account Size:
  • $6,000
  • $15,000
  • $25,000
  • $50,000
  • $100,000
  • $200,000
• Price (Standard):
  • $59
  • $119
  • $199
  • $299
  • $519
  • $999
• Price (Swap-Free):
  • $65
  • $131
  • $219
  • $329
  • $571
  • $1,099

During my evaluation phase, I set a profit target of 10% and adhered to a daily maximum loss of 3% and an overall maximum loss of 6%. There were no specific daily trading criteria, but to progress to a funded account, I had to trade for at least five days. Once I completed the assessment, my account was funded with no minimum withdrawal requirements.

After my initial funded account trade, payouts occurred 14 days later, with the option to withdraw funds every two weeks. The profit splits ranged from 80% to 90%, and I could earn an extra 15% profit share if my funded account achieved a 5% return during the assessment stage.

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? 

It is critical to assess the attainability of the trading needs when selecting a bespoke trading firm that fits the forex trading style. If a company offers a large profit share on a well-capitalized account, it might be appealing, but if it demands large monthly profits with small maximum drawdown percentages, it might not be realistic, which would reduce the chances of success.

It is important to take time constraints into account because an unlimited trading period is beneficial. After all, it reduces the tension that comes with time constraints. To avoid inadvertent violations of the terms of one’s trading account, it is also crucial to familiarize oneself with all trading restrictions throughout the assessment and financing periods. 

Two-Step Stellar Challenge

With average maximum loss criteria (5% daily, 10% maximum) and below-average profit expectations (8% in phase one, 5% in phase two), receiving funds is reasonable. There is no minimum need of 5 days, but there is no maximum trading day limit. Payouts for successful completion include an 80%–95% profit split.

One-Step Stellar Challenge

With a 10% profit aim and average maximum loss guidelines (3% daily, 6% maximum), capital acquisition is reasonable. There is no minimum need of 5 days, but there is no maximum trading day limit. If the evaluation is successful, rewards with an 80% to 95% profit split are made. 

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

With average maximum loss criteria (5% daily, 10% maximum) and a little above-average profit aim of 25%, capital acquisition is reasonable. There are no restrictions on the maximum number of trading days; however, a minimum of 10 days, a consistency rule, and no weekend holding are required. When an evaluation is successful, rewards are made, with a 60% to 95% profit split. 

Non-Consistency Express Model

A modestly above-average profit aim of 25% and average maximum loss criteria (5% daily, 10% maximum) are combined to create a realistic capital reception. There is no minimum requirement of 10 trading days, but there are no maximum limits. Payments are made upon successful completion, with a 60% to 95% profit split. 

FundedNext Fees: How Much Do They Charge? 

Trading Commission

• Commission Fee
  • Forex: 3 USD / LOT
  • Commodities: 3 USD / LOT
  • Indices: 0 USD / LOT

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

In the end, FundedNext gives each client access to a finely designed trader dashboard. This function enhances risk management by providing constant access to large-scale data and objectives, ensuring real-time adjustments.

FundedNext Proof of Payment:

A private trading company founded on March 18, 2022. boasts a substantial trading community that has successfully qualified for-profit splits and attained funded status.

• Requirements for Payment Acceptance: The first payment is made available after 14 calendar days, provided that all funding conditions, including those for Two-step, One-step, Evaluation, Consistency Express, and Non-Consistency Express models, have been completed. Every 14 days, traders who surpass the initial account amount will receive further incentives. Depending on how much profit is made on the financed account, the profit split might range from 80% to 90%.
• Proof of payment: Trustpilot is one of the platforms where you can view FundedNext’s payment verification. On Trustpilot, traders share their stories and talk about how the payout processes are easy to follow and effective. Additional payment verification sources are available on FundedNext’s YouTube, Instagram, and Discord channels, where compensation certificates of successful traders are displayed. 

Which Broker Does FundedNext Use?

FundedNext distinguishes itself by utilizing its exclusive GrowthNext and Incenteco servers rather than traditional broker brands. Traders using FundedNext can choose to use MetaTrader 4 as their preferred trading platform when attached to the Incenteco server, or MetaTrader 5 when linked to the GrowthNext server.

FundedNext Customer Support: 

1. Twitter- 

On Twitter, FundedNext has grown a community of 88.7K followers. This platform serves as a dynamic setting for real-time news, updates, and interactions with traders. By following their Twitter accounts, traders can stay up to date on the latest developments and take part in conversations with people who have similar interests.

2. Youtube-

FundedNext is a popular YouTube channel with 49.5K followers that combines education and entertainment. With seven videos that have been broadcast, this channel is a great resource for traders of all experience levels. Through the provision of visual content and insights into the trading world, the YouTube channel augments FundedNext’s offerings. 

3. Instagram- 

FundedNext is a very active user on Instagram, with over 79,000 followers. This platform provides a unique perspective on the company’s actions and accomplishments while delivering a visually engaging experience in the trading world. It keeps a sense of community alive and acts as a spark for the inventiveness of traders. 

4. Customer Support- 

Live Support Channels:

• Live Chat
• Email: [email protected]
• 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? 

The privately held company FundedNext offers five different account options, comprising three different one-step assessment options and two different two-step evaluation kinds. Its unique features such as Challenge account add-ons, an unlimited trading period (except the Evaluation Model), bi-weekly withdrawals, and a fifteen percent profit share from demo phases set it apart from competing platforms.

Also read: Apex Trader Funding Review

The Two-step Stellar Challenge is a two-step comprehensive evaluation method. To receive remuneration, players need to finish both stages. Traders must meet profit targets of 8% in phase one and 5% in phase two, and they must also adhere to the rules prohibiting them from losing more than a maximum of 10% in one day or more than 5% in one.

There are no maximum trading day restrictions during the evaluation periods. Traders must, however, participate in trading activity during each phase for at least five calendar days. The Two-step Stellar Challenge is special because of its scaling plan, which lets traders handle larger account sizes.

Offering an unlimited trading term, I get an extra 95% profit split for my lifetime, the ability to withdraw money every two weeks, and a 15% profit share during demo stages. This challenge sets itself apart from other industry funding initiatives.

For instance- A comparison between FundedNext and Finotive Funding

FundedNext

• Phase 1 Profit Target: 8%
• Phase 2 Profit Target: 5%
• Maximum Daily Loss: 5%
• Maximum Loss: 10%
• Minimum Trading Days: 5 Calendar Days
• Maximum Trading Period:
  • Phase 1: Unlimited
  • Phase 2: Unlimited
• Profit Split: 80% up to 95%

Finotive Funding

• Phase 1 Profit Target: 7.5%
• Phase 2 Profit Target: 5%
• Maximum Daily Loss: 5%
• Maximum Loss: 10%
• Minimum Trading Days: No Minimum Trading Days
• Maximum Trading Period:
  • Phase 1: Unlimited
  • Phase 2: Unlimited
• Profit Split: 75% up to 95%

FundedNext Reviews: What Do Their Customers Say?

Trustpilot users have given FundedNext an overall rating of 4.7 out of 5 stars based on 9,384 reviews. They have received Trustpilot company verification. The business is doing well on this platform.

#1. Put all of your trust in Fundednext the support staff is excellent, and I can quickly and simply handle all of your questions.

Since FN is the only active propfirm S team, the industry is considered reliable.

#2. My experience with this firm has been difficult because they withheld my payments for three weeks while I had an interview with support to allay any concerns they had about my business practices. We are grateful that the interview went well and could be completed. I was able to get my halted payment back the following day. I keep you updated on any modifications or issues that occur, but for the time being, you continue to pay. 

#3. Many traders are constantly looking for a reliable prop firm. That’s how I landed on this site, as well as several others. Would I just add, that this company should raise serious concerns, since it responds to every bad review with the identical message, “Unfortunately we were not able to locate your account.”

Also check out: FTMO Review

#4. Prop will quickly become like the others; once they notice that you are making money, they start to increase slippage and fill orders with a gap of three to four. Because there is always an undesirable gap between executions and closures, the new 50k challenge cannot be operated. It was clear that the challenge was corrupted.

Support never gets back to you.

I’m never going to use this prop again.

Conclusion

In conclusion, FundedNext is a reputable proprietary trading company that offers five funding programs: the Evaluation Model, the Consistency Express Model, the Non-Consistency Express Model, the Two-step Stellar Challenge, and the One-step Stellar Challenge. The Two-step Stellar Challenge comprises a two-phase evaluation with first- and second-stage achievable profit targets of 8% and 5%, respectively.

If you want to begin your trading journey, I recommend going with CTI’s Scaling Plan. Not only will you get instant funding with them but also get access to their vast selection of tools & resources.

The One-step Stellar Challenge is a one-time evaluation that requires meeting a profit target of 10%. The two-step Evaluation Model establishes profit targets of 5% and 10%. Additionally, each phase must have a minimum trading time of five days.

The Consistency Express Model is a one-step evaluation process that necessitates a minimum trading period of ten days and a 25% profit target. It forbids holding positions over the weekend and provides a consistency rule.

Renowned proprietary trading firm FundedNext serves a variety of trading preferences with its all-inclusive scaling plan, unique features, and 15% profit-sharing plan.