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 trustworthy? â€ș

Fundednext is one of leading and trusted funding prop firms in the world, if you are looking to start trading a huge capital up to $300,000. Having tested it, I highly recommend you go ahead and sign up with Fundednext.

What is the lifetime payout for FundedNext? â€ș

Lifetime Payout 95% Add-On:

When you opt for this add-on, you are entitled to a 95% payout of your profits. In the Evaluation, Stellar, and Stellar Lite accounts, the initial profit share from the FundedNext account starts from 80%, and for the Express account, the initial profit share starts from 60%.

What is the best instant funding prop firm? â€ș

While FTMO stands out as the best overall prop firm, other options such as Fidelcrest, 5%ers, BluFX, Glow Node, Smart Prop Trader, FTUK, Instant Funding, and SurgeTrader also offer attractive features and benefits.

What is the difference between FundedNext and funded Pips? â€ș

Funding Pips provides their traders with an opportunity to acquire funding after passing their two-step evaluation. FundedNext, on the other hand, allows its traders to choose between six funding programs to acquire funding, three two-step evaluations and three one-step evaluations.

Is funded trader real or fake? â€ș

In Conclusion 🌐 Funded trader programs can be a legitimate avenue for traders to access capital and amplify profits. However, like any lucrative opportunity, there are risks.

Is funded trading worth it? â€ș

In conclusion, The Funded Trader has received positive reviews and is transparent about its pricing, rewards, and evaluation process. Traders can feel confident in using this platform to earn profits from trading without risking their own capital.

How much will the $500 K annuity payout? â€ș

For example, a $500K annuity would immediately provide $2,992 a month to a 65-year-old woman, helping her plan her expenses in retirement. Older individuals receive more, as life expectancy is fewer years; those married jointly receive less, as two people share the income, among other scenarios.

How often can you withdraw from FundedNext? â€ș

FundedNext Help Center. How often can I withdraw my commissions? How often can I withdraw my commissions? Rising Star affiliates can request withdrawals on a biweekly basis, Pro affiliates every week, and Champion affiliates can request withdrawals anytime.

How much will the $1,000,000 annuity payout? â€ș

According to SmartAsset, they might expect to receive between $4,500 and $6,500 per month for the rest of their lives or the specified duration of the annuity contract.

Do prop firms really pay out? â€ș

Yes, prop firms do pay. While there are some scams out there popping up everyday, reputable prop trading firms like True Forex Funds, FTMO,5%ers,FundedNext are legitimate and pay traders according to their profit-sharing agreements. As for True Forex Funds, I can vouch for their credibility.

Which is the most trusted prop firm? â€ș

The most popular prop trading firms and funded programmes
  • Axi Select.
  • FTMO.
  • The Forex Funder.
  • E8 Markets.
  • True Forex Funds.
  • The 5%ers.
  • Funded Next.

Do prop firms really work? â€ș

Also known as “prop trading,” it offers higher earnings potential much earlier in your career than jobs like investment banking or private equity. It's arguably the most merit-based industry within finance: if you make millions of dollars for your firm, you'll earn some percentage of it.

How much is a forex pip worth? â€ș

In the context of the foreign exchange market, a pip is a standard unit of measure for changes in an exchange rate, representing a move of 0.0001 (1/10,000). This is the smallest price change increment for most currency pairs. A pipette equals 1/10 of a pip and represents a fraction of 1/100,000.

How much profit is a pip in forex? â€ș

In this instance, one pip is a movement of 0.0001, so the trader has made a profit of 20 pips (1.0568 – 1.0548 = 0.0020 which is the equivalent of 20 pips). To calculate the profit or loss on the trade, we multiply the number of pips gained by the value of each pip.

Is a pip the same as a point in forex? â€ș

A pip is actually an acronym for "percentage in point." A pip is the smallest price move that an exchange rate can make based on market convention. Most currency pairs are priced to four decimal places and the smallest change is the last (fourth) decimal point. A pip is the equivalent of 1/100 of 1% or one basis point.

Who owns funded Next? â€ș

Abdullah Jayed, a Bangladeshi investor and entrepreneur, owns Funded Next.

Which broker does funded next use? â€ș

Proprietary trading firm Funded Next works with the Eightcap broker (was founded in 2009 and is licensed by the Australian Securities and Investments Commission - ASIC, 391441). The prop (proprietary trading) firm has offices in the UAE, USA, and Southeast Asia and works with residents of all countries.

What is the daily loss limit for FundedNext? â€ș

Traders are allowed to lose 3% of their initial account balance on any given day as their daily drawdown in the Stellar 1-Step account. If your initial account balance is $100,000, then 3% of the amount is $3000.

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