FundedNext Review 2024

What is FundedNext?

FundedNext is a leading proprietary trading firm that provides unparalleled opportunities and resources for traders to excel in the financial market. It offers up to $200,000 of trading capital to prop traders who want to trade up to 95% of the profits. FundedNext is unique in its offerings. It is the only prop firm to offer a 15% profit sharing from the profit you make during the challenge phases. This is to incentivize top traders and to deliver on the promise of the world’s best payout bonuses. FundedNext offers no time limits in its challenge. This means that traders can trade with complete peace of mind, without the anxiety to reach the profit target within a deadline. The firm’s drawdown is intelligently calculated based on your balance, allowing you to hold trades tension-free. This commitment is part of FundedNext’s promise to be the world’s most reliable prop firm. FundedNext ensures raw spread, including in Swap Free accounts to deliver on its promise of the world’s best prop trading conditions. It also offers the lowest commissions for traders with 3$/round lot on Currency Pairs & Commodities and 0$/round lot on Indices. FundedNext offers various challenges with different profit shares, profit targets, drawdown types, time limits, commissions, and trading leverage for its funded traders. Traders are recommended to go through all the models and pick a package that suits their trading style. In conclusion, FundedNext is a platform that offers promising opportunities for traders worldwide. With its unique offerings and trader-friendly policies, it is poised to redefine the landscape of proprietary trading.

What is the Review Rating of FundedNext?

What are the Pros of FundedNext?

FundedNext is a proprietary trading platform that offers a host of unique features and benefits, particularly for forex traders. Here are some of the key advantages:. 1. Global Reach: FundedNext has a presence in over 195 countries, providing trading opportunities to individuals worldwide. 2. Generous Payouts: The platform has paid out over $51 million to its traders, reflecting its financial stability and commitment to sharing profits. 3. Swift Payouts: With an average payout time of just 5 hours, FundedNext ensures that traders can access their earnings promptly. 4. Thriving Community: Over 51,000 funded traders form a vibrant community that offers valuable networking opportunities. 5. Profit Sharing from Challenge Phase: FundedNext offers a generous 15% profit sharing from the profits generated during the challenge phases. 6. No Time Limit on Challenge Phase: Unlike many prop trading platforms, FundedNext does not impose strict time limits on their challenge phases. 7. Balance-Based Drawdown: The platform employs a balance-based drawdown calculation method. 8. Fast Account Access: Traders can open a funded account and start trading in just minutes. 9. Realistic Profit Targets: FundedNext keeps the trading rules simple with reasonable profit targets. 10. Low Costs: The platform offers raw spreads and low commissions. 11. Generous Leverage: Leverage up to 1:100 gives traders flexibility in their trading. 12. Mobile Apps: FundedNext offers mobile apps to manage accounts and trading on the go. However, it’s important to note that while FundedNext offers many advantages, it also has some limitations. For instance, it only supports MetaTrader 4 and 5. As with any trading platform, it’s crucial for potential users to understand the risks and read the fine print before signing up.

What are the Cons of FundedNext?

FundedNext, a proprietary trading platform, has been recognized for its unique features and impressive track record in the forex market. However, like any platform, it has its share of drawbacks. Here are some of the cons associated with FundedNext:. Limited Broker Support: FundedNext only supports MetaTrader 4 and 5. This could be a disadvantage for traders who prefer using other brokers and platforms like Oanda, FXCM, or NinjaTrader. For some traders, MetaTrader may not offer all the trading features or financial instruments they’re accustomed to using for analysis and trading. No Initial Free Trial: Unlike some platforms that offer a free trial period for new users to familiarize themselves with the platform’s features and functionalities, FundedNext does not provide an initial free trial. No Weekend Holding Opportunity (Express Model): Traders using the Express model on FundedNext do not have the opportunity to hold positions over the weekend. New Trading Restriction: There are restrictions on new trading in the Evaluation and Express models. The Evaluation model has a 2-minute restriction, and the Express model has a 5-minute restriction. No Withdrawable Profit Share from the Challenge Phase (Evaluation Model): In the Evaluation model, traders cannot withdraw their share of the profits made during the challenge phase. Slow Live Chat Support: The live chat support on FundedNext has been reported to be slow, which could be a disadvantage for traders who require immediate assistance. These cons should be taken into consideration by traders when deciding whether to use FundedNext as their trading platform. It’s important to note that while these cons exist, they do not necessarily outweigh the pros of using FundedNext. Each trader should weigh these factors based on their individual trading needs and preferences.

Is FundedNext Regulated and who are the Regulators?

FundedNext is a proprietary trading platform that works with Eightcap brokers. Eightcap is an Australian financial services company that provides trading solutions. This financial service company is regulated by the following:. The Financial Conduct Authority (FCA). The Securities Commission of The Bahamas (SCB). The Australian Securities and Investment Commission (ASIC). The Cyprus Securities and Exchange Commission (CySEC). FundedNext is officially registered in the United Arab Emirates. It is not a broker itself and therefore does not hold a corresponding license. Apart from this, FundedNext also holds an immaculate Trustpilot profile with 3997 reviews along with 4.6 stars rating. The prop (proprietary trading) firm has offices in the UAE, USA, and Southeast Asia and works with residents of all countries. Just make sure that you know your local regulations if there are any. The government does not regulate FundedNext, but its partner broker is fully regulated. Eightcap is a reputable CFD and Forex broker regulated by Australian Securities and Investment Commission (ASIC). However, FundedNext is not regulated in the United States, so the Securities and Exchange Commission (SEC) does not consider it a legitimate company.