FundedNext Review for 2024
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Last Updated: March 23, 2023
FundedNext Review
Cost:
$99 - $999
Current Promo: NEXTDEAL
Instruments:
Forex Currency/Raw Feeds, Gold, Indices, Commodities
Leverage:
1:100
Lot Size Restrictions:
None
Days to Funding:
5-10
Platforms:
MT4 by ASIC
Highlights:
- 15% profit from the beginning
- Keep up to 90% of the profits
- Possibility to reach up to $4M account balance
Disclaimer:
FundedNext does not own or operate this website and is not responsible for its contents. It is owned by Online Prop Trading, an independent marketing affiliate.
FundedNext: A Month of Prop Trading
With two funded trading programs, a new proprietary company began its journey in March 2022. FundedNext has already attracted many global traders who are now sharing their amazing experiences with the trading community. Most traders agree that this new prop company has created a trade-friendly environment that allows them to use their various trading strategies.
FundedNext recently disbursed its first batch of payments to its successful traders. Naturally, this created an uproar in the traders' community. However, people are excited because this is the first time any prop trading company has shared 15% profits during its assessment period. And to display even more non-greediness, company promises up to 90% profit share.
One of their funding models has been tested by us. We will share our experiences with FundedNext, and provide a brief overview of what traders can expect from them.
What is FundedNext?
FundedNext, a new proprietary trading platform for forex traders, has just been launched. FundedNext has launched worldwide for forex traders around the globe after funding local traders for over a year. We also enrolled to see if the relatively new prop trading company is as competitive and profitable as it claimed.
These are the key features that FundedNext has highlighted over the past month.
- Two trading models that are funded with very low subscription fees
- Instant Account Creation
- Trade conditions that are friendly to traders
- 15% profit share during Assessment Phases
- A Personal Account Manager and Active Customer Support
- Mobile application and dashboard that is user-friendly
What Makes FundedNext Different
Profit Sharing: FundedNext prop firm shares 15% of the profit from the very beginning. This means that the company will share 15% of your demo account earnings with you.
More Profit Sharing: Once you get funded, the company offers up to 90% of profit sharing with its traders to show their appreciation and recognize the skills and efforts of their funded traders.
Account Balance Increases: There is a way for you to become eligible for a 40% increase of the account balance every 4 months all of the way up until you reach $4 million in funding. This alone is a wild separator between FundedNext and others.
Dedicated Account Manager: FundedNext assigns an account manager to each trader which then allows traders to get their questions answered all day, everyday. Talk about investing in your traders' successes.
Instant Account Access: As soon as you finish the payment, your account will be processed. If you use card payment, your account credentials will be provided instantly, but verification might take a while for other payment methods. After your account is established, you will receive an email notification. Your MT4 login details can be found in the email and on your client dashboard panel. If you don't see the email in your inbox, kindly check your spam/junk folder.
FundedNext Models
FundedNext offers two funding models with different funding amounts: the Express model and the Evaluation model. The Express model is a $100,000 funding capital plan. We signed up for it. Their pricing is reasonable compared to previous proprietary experiences. The Evaluation model goes all of the way up to $200,000 funding capital.
Express Model
This model is designed to help you achieve a high-profit target and not limit your time. After achieving the target, FundedNext will fund your account, and you can start trading with a 60% profit share. Based on your performance, the profit split percentage may be increased to as high as 90%.
Consistency
| Funding Amount | $15,000 | $25,000 | $50,000 | $100,000 | $200,000 |
|---|---|---|---|---|---|
| Maximum Daily Loss | $750 | $1,250 | $2,500 | $5,000 | $10,000 |
| Maximum Overall Loss | $1,500 | $2,500 | $5,000 | $10,000 | $20,000 |
| Minimum Trading Days | 10 | 10 | 10 | 10 | 10 |
| Trading Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| One Time Fee (Refundable) | $119 | $229 | $379 | $699 | $999 |
Non-Consistency
| Funding Amount | $15,000 | $25,000 | $50,000 | $100,000 |
|---|---|---|---|---|
| Maximum Daily Loss | $750 | $1,250 | $2,500 | $5,000 |
| Maximum Overall Loss | $1,500 | $2,500 | $5,000 | $10,000 |
| Minimum Trading Days | 10 | 10 | 10 | 10 |
| Trading Leverage | 1:100 | 1:100 | 1:100 | 1:100 |
| One Time Fee (Refundable) | $119 | $229 | $379 | $699 |
- To get real funds, you only need to prove yourself once. To access real funds, you must reach your growth targets at your own pace. It's that simple!
- 15% of your monthly profit during the assessment phase is yours. You can start earning a profit share even if you trade the demo account.
- Performance is better when there are fewer restrictions. We decided to request a 25% growth goal, keeping this in mind. Trade at your own pace without being compelled to reach any ridiculous targets.
- Trade with complete freedom. You can trade as long as you want, and you won't feel rushed if you sign up for the express model.
- Once you have a funded account, you'll start with a 60% profit share. Then, with every successful withdrawal, your profit shares will increase to 90%.
- At the end of the assessment phase, you will have met the account growth goal and can access your real funded account within ten trading days.
Evaluation Model
This model will require you to demonstrate your trading skills in two phases, with realistic profit targets. After meeting the targets, your trading will begin on FundedNext's funds account. The profit split is 80%. Based on your performance, the profit split percentage could be increased to 80% or even 90%.
| Funding Amount | $15,000 | $25,000 | $50,000 | $100,000 | $200,000 |
|---|---|---|---|---|---|
| Maximum Daily Loss | $750 | $1,250 | $2,500 | $5,000 | $10,000 |
| Maximum Overall Loss | $1,500 | $2,500 | $5,000 | $10,000 | $20,000 |
| Minimum Trading Days | 5 | 5 | 5 | 5 | 5 |
| Trading Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| One Time Fee (Refundable) | $99 | $199 | $299 | $549 | $999 |
- When you win, we win. We offer up to $200,000 in Evaluation funds to increase your profitability.
- 15% of the profit you make during each phase is yours. You can start earning a profit share even if you trade the demo account.
- You don't need to miss major market movements. You can hold your trade for as long as it takes, even on weekends. This is the ideal option no matter what your trading style (Scalp or Intraday trading, or Swing trading),
- If you are not in profit, don't be discouraged. You can still achieve your goal within the trading cycle if you follow the rules. You will be granted unlimited retakes at no additional cost. You don't need to break any rules to make it profitable.
- Once you have the funded account, your profit share starts at 80%. Your profit share will rise to 90% when you are eligible for the scaling-up plan.
- You can use any style or trading strategy you like without restrictions. You can trade news and hedge positions or use your own EAs.
Steps to Get Funded With FundedNext
Step 1: Choose a Funding Model
You will need to choose the funding model that you would like to go with. Next, you will have to familiarize yourself with the rules of the model you have chosen and trade.
Step 2: Trade and Prove Yourself
Each model has its own set of rules as well as an assessment. You have to pass the assessment phase to earn the funded account.
Step 3: Become a Certified Funded Trader
You will be rewarded a funded account after successfully proving your trading abilities, consistency, and risk management. This account will eventually enable you to reach up to $4M in funding capital.
FundedNext Features
Instant Account Creation:
Our account was created instantly after we signed up with FundedNext. We also received money transaction documents. We started trading with null risks on the first day after the account was created.
There are no restrictions on trading strategies
We went through each model before signing up with FundedNext. We tried every trading strategy possible to see if there were any loopholes. To test FundedNext's ability to allow swing traders, we tried day trading, scalping, and even holding trades for the weekend.
We couldn't trade over the weekend with the Express model. However, we were not subject to any other restrictions. On the other hand, their evaluation model allows traders to hold weekends.
15% Profit Share, withdrawable in one model:
FundedNext offers a 15% profit share during the assessment phase, as we mentioned previously. We had already withdrawn our profits from FundedNext by the end of the first month.
We had the option to withdraw the profit we made during the assessment phase with the Express model.
This offer is not available to traders of the Evaluation model. However, they can still earn 15% during their assessment phases. Furthermore, this profit share cannot be withdrawn until the first payout is made from the funded account.
You can get active customer support and a personal account manager.
We contacted support numerous times throughout the entire experience. They were very responsive and cooperative in all instances.
A personal account manager was assigned to us, and we frequently communicated about account creation and trading rules.
A mobile application and dashboard that is user-friendly:
FundedNext created a user-friendly dashboard. It includes everything you need, including a trading overview and summary, a customized trading journal, and a direct communication channel to your dedicated account manager. They also added the profit withdrawal option and the microeconomic calendar.
The mobile app is also very user-friendly and easy to use. The app is easy to use, even for novice traders.
FundedNext Reviews and Social Media
FundedNext on Trustpilot
FundedNext has an impressive Trustpilot profile, showcasing its commitment to customer satisfaction and trustworthiness. With 3,997 reviews, the company has garnered a solid 4.6 out of 5.0-star rating, reflecting the positive experiences of its clients. As a verified company on Trustpilot, FundedNext holds a rating of "Excellent," further emphasizing its reliability and the high level of service provided to its traders.
One of the key factors contributing to FundedNext's strong Trustpilot profile is its proactive approach to addressing negative feedback. The company has replied to 91% of negative reviews, demonstrating its dedication to resolving any issues or concerns its clients may have. In most cases, FundedNext responds to negative reviews within a week, ensuring prompt communication and timely support for its users.
FundedNext SiteJabber Reviews
FundedNext's presence on Sitejabber, a popular customer review website, offers additional insights into the company's performance and customer satisfaction. With 45 reviews, FundedNext has a 3.11 out of 5.0-star rating, indicating mixed experiences from its clients. Over the past 12 months, 53.5% of the reviews have been positive, suggesting that a majority of customers have had satisfactory experiences with the firm.
In terms of its ranking among other websites in the banking category, FundedNext is placed 13th, highlighting its relative position in the industry. While the Sitejabber rating is slightly lower compared to the Trustpilot profile, it's important to consider the smaller sample size of reviews on Sitejabber.
FundedNext Instagram Account
FundedNext's Instagram account showcases the company's social media presence and engagement with its audience. With 22.7k followers, the account has attracted a sizeable community of traders and interested individuals. Over the course of 543 posts, FundedNext has shared a variety of content, including trading tips, motivational quotes, and company updates.
FundedNext Facebook Account
FundedNext's Facebook account demonstrates its strong presence on social media and its ability to reach a wide audience. With 52,000 people liking the page and 55,000 people following it, the company has successfully attracted a large and engaged community of traders, potential clients, and other interested individuals.
Page was created on September 28th, 2020 with a name of "Funded Next," which was later on changed to FundedNext (January 17th, 2022.
FundedNext on Twitter
FundedNext's Twitter account illustrates the company's active engagement with its audience across different social media platforms. The account has attracted 5,492 followers, while following 112 other accounts, showcasing a balance between sharing content and staying informed about relevant trends and conversations in the industry.
With 1,104 tweets, FundedNext has consistently posted valuable information, updates, news, and insights related to trading, as well as interacted with its audience. The Twitter account serves as another channel for the company to connect with its community and maintain an open line of communication with traders and other interested parties.
Is FundexNext Legit and/or worth it?
Based on the information gathered from various sources, including customer reviews on Trustpilot and Sitejabber and the company's presence on social media platforms like Instagram, Facebook, and Twitter, FundedNext appears to be a legitimate and accessible trading firm.
While the reviews on Trustpilot and Sitejabber show a mix of positive and negative experiences, the overall trend suggests that most customers have had satisfactory experiences with the company. FundedNext's proactive approach to addressing customer concerns, especially on Trustpilot, highlights its dedication to providing quality services and resolving any issues that may arise.
Moreover, the company's social media presence demonstrates its commitment to fostering community among traders and providing valuable content and updates across multiple platforms. The engagement on these platforms appears to be natural and genuine, further supporting the legitimacy of FundedNext.
In conclusion, FundedNext is a legitimate trading firm focusing on customer satisfaction and transparency. While it is always important to conduct thorough research and consider personal preferences and requirements when choosing a trading firm, the information suggests that FundedNext could be a worthwhile option for traders seeking a reliable and supportive partner in the financial markets.
Frequently Asked Questions about FundedNext Trader Funding Program:
See more of The Best Funded Trader Programs for 2023
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