FundedNext Review
FundedNext ranks as one of the top prop trading firms, with a solid overall score of 83/100, placing it 7th on our list of best prop firms based on a range of metrics like profit split, trading rules, and platform options.
FundedNext Summary
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Exclusive FundedNext discount code for a 120% challenge fee refund!
FundedNext Prop Firm Details
One Phase Evaluation
Two Phase Evaluation
Instant Funding
Max $4m Scaling Plan
Fees From$32
Account Sizes5K -200K
Min Forex Spread0.06 pips
Commission Fee$5
Max Daily Loss3% - 5%
Profit Targets4% - 10%
Profit ShareUp to 95%
Trading Platforms
Consistency Rules
Compulsory Stop Loss
High Impact News Trading 5 min
Expert Advisors / Automated Trading
FOREX
INDICES
COMMODITIES
CRYPTO
SHARES
COUPON CODES
PROPFIRMS
200K STELLAR
StepsOne
Funding$200,000
Fee$1,099
100K STELLAR LITE
StepsTwo
Funding$100,000
Fee$399
Our Take on FundedNext
With an overall score of 83/100, FundedNext ranks 7th in our analysis of the top prop trading firms. It now runs exclusively on its Stellar and Stellar Lite models, having phased out the older Evaluation and Express challenges. You can choose between a one-step path with faster funding or a lower-cost two-step option that still leads to a 95% profit split.
The Stellar models include a 15% profit share during the challenge and quick funded payouts—just 5 days after passing the 1-Step, or monthly for the 2-Step. Stellar Lite doesn’t pay during the challenge but offers bi-weekly withdrawals once you’re funded, and fees start as low as $32.
You’ll also get access to MT4, MT5, cTrader, and Match-Trader, along with optional add-ons like no minimum trading days or extended drawdown limits.
FundedNext Pros and Cons
Pros
- Profit splits of up to 95%
- 15% profit split from day one
- Fortnightly withdrawals
Cons
- News trading rules
- $25 fee - cTrader and Match-Trader
- No instant funding
FundedNext Trading Challenges and Rules
FundedNext offers two main models of prop challenges – Stellar and Stellar Lite. You can choose between one and two step evaluation processes for the Stellar Challenge, while Stellar Lite is two step only.
- Stellar (One Step): A single-phase challenge with lower 30:1 leverage. Best for traders who want a fast track to funding.
- Stellar (Two Step):Two-phase challenge with full 100:1 leverage. Ideal if you want more flexibility while progressing steadily.
- Stellar Lite (Two Step):Also two-phase with 100:1 leverage, but lower-cost entry. Great for traders starting small or testing the waters.
| Challenge Models | Stellar (1-Step) | Stellar (2-Step) | Stellar Lite |
|---|---|---|---|
| Challenge Phases | 1 Phase | 2 Phases | 2 Phases |
| Account Sizes | 6K - 200K | 6K - 200K | 5K - 100K |
| Audition Fees | $65 - $1,099 | $59 - $999 | $32 - $399 |
| Leverage | 30:1 | 100:1 | 100:1 |
| Commission | $5 | $5 | $7 |
| Profit Target | 10% | 8%, 5% | 8%, 4% |
| Maximum Daily Loss | 3% | 5% | 4% |
| Maximum Overall Loss | 6% | 10% | 8% |
| Time Limit | No Time Limit | No Time Limit | No Time Limit |
| Challenge Phase Profit Share | 15% | 15% | N/A |
| Funded Profit Split | 95% | 95% | 95% |
| Minimum Trading Days | 2 | 5 | 5 |
| First Reward | 5 Business Days | Monthly | 21 Days |
| Subsequent Rewards | 5 Business Days | Bi-Weekly | Bi-Weekly |
While FundedNext used to offer Evaluation and Express challenges as well, they have removed these challenges, and are looking to expand with Futures trading as well.
When Funded Next’s Futures prop firm branch opens, we will update you with their account options and trading conditions.
1. Stellar One Step
The Stellar One Step challenge is the most straightforward model FundedNext offers. You only need to hit a single 10% profit target with a 6% overall and 3% daily drawdown limit.
There’s no time restriction, and you get a 15% profit share from day one—even during the challenge phase. This model suits confident, experienced traders who want to skip the two-step grind and fast-track to a funded account.
| Account Size | Fee | Daily Loss (3%) | Overall Loss (6%) | Profit Target (10%) |
|---|---|---|---|---|
| $6,000 | $65 | $180 | $360 | $600 |
| $15,000 | $129 | $450 | $900 | $1,500 |
| $25,000 | $219 | $750 | $1,500 | $2,500 |
| $50,000 | $329 | $1,500 | $3,000 | $5,000 |
| $100,000 | $569 | $3,000 | $6,000 | $10,000 |
| $200,000 | $1,099 | $6,000 | $12,000 | $20,000 |
2. Stellar Two Step
The Stellar Two Step challenge adds an extra layer of verification but allows for more breathing room. You’ll need to hit two separate profit targets—8% in Phase 1 and 5% in Phase 2—with wider loss limits (10% overall, 5% daily).
This model is a better fit if you value consistency over speed. Like the One Step, it offers a 15% profit share during the challenge, and there’s no time pressure to complete each phase.
| Account Size | Fee | Daily Loss (5%) | Overall Loss (10%) | Phase 1 Target (8%) | Phase 2 Target (5%) |
|---|---|---|---|---|---|
| $6,000 | $59 | $300 | $600 | $480 | $300 |
| $15,000 | $119 | $750 | $1,500 | $1,200 | $750 |
| $25,000 | $199 | $1,250 | $2,500 | $2,000 | $1,250 |
| $50,000 | $299 | $2,500 | $5,000 | $4,000 | $2,500 |
| $100,000 | $549 | $5,000 | $10,000 | $8,000 | $5,000 |
| $200,000 | $999 | $10,000 | $20,000 | $16,000 | $10,000 |
3. Stellar Lite
Stellar Lite is the most affordable option, with fees starting at just $32. It’s a two-phase model similar to Stellar Two Step, but with slightly tighter drawdowns and profit targets (8% and 4%).
You don’t get a profit share during the challenge, but you do unlock a 95% split once funded. The Stellar Lite model also includes extra add-ons like higher loss limits and bi-weekly payouts—ideal if you want flexibility without spending a lot upfront.
| Account Size | Fee | Daily Loss (4%) | Overall Loss (8%) | Phase 1 Target (8%) | Phase 2 Target (4%) |
|---|---|---|---|---|---|
| $5,000 | $32 | $200 | $400 | $400 | $200 |
| $10,000 | $59 | $400 | $800 | $800 | $400 |
| $25,000 | $139 | $1,000 | $2,000 | $2,000 | $1,000 |
| $50,000 | $229 | $2,000 | $4,000 | $4,000 | $2,000 |
| $100,000 | $399 | $4,000 | $8,000 | $8,000 | $4,000 |
Challenge Add-Ons
FundedNext lets you tweak your challenge with optional add-ons—useful if you want fewer restrictions or faster access to profits. One of the most popular is the No Minimum Trading Days add-on (20% fee), which is available for accounts up to $25K in Stellar 1-Step and 2-Step, and all sizes in Stellar Lite. It’s ideal if you want to pass fast without being forced to stretch trades over several days.
Stellar Lite traders can also unlock a 10% overall loss limit (25% fee), giving more room to breathe during volatile sessions—something not offered on the other models. And if you want top-tier payouts locked in from day one, the Lifetime 95% Payout upgrade (30% fee) applies across all models and account sizes.
The costs stack up, but for traders with a clear plan, these add-ons can make the challenge work harder in your favor.
| Add-On | Additional Fee | Stellar 1-Step | Stellar 2-Step | Stellar Lite |
|---|---|---|---|---|
| Lifetime Payout 95% | + 30% | All account sizes | All account sizes | All account sizes |
| Double Up | + 40% | All account sizes | All account sizes | All account sizes |
| No Minimum Trading Days | + 20% | Accounts 25K or less | Accounts 25K or less | All account sizes |
| Overall Loss Limit 10% | + 25% | ✗ | ✗ | All account sizes |
| Bi-Weekly Payout | + 15% | ✗ | Accounts 25K or less | All account sizes |
| Swap Free Account | + 10% | All account sizes | All account sizes | All account sizes |
Scaling Plan
FundedNext offers a Scale-Up Plan for traders who consistently demonstrate successful trading over a four-month period.
Traders meeting specific criteria can see their account scaled up by 40%, with a maximum allocation of $4 million. The eligibility criteria for the Scale-Up Plan include:
- A minimum account growth of 10% over four consecutive months.
- At least two successful payouts during the four-month period.
- The final trading cycle must be profitable.
If a trader meets these conditions, their account will be reviewed, and they may receive a 40% increase in the account balance.
For instance, a trader with a $100,000 account who qualifies for the Scale-Up Plan would see their account balance increased to $140,000, with corresponding adjustments to the daily loss and overall drawdown limits.
Swap-Free Trading Accounts
FundedNext offers swap-free accounts across all its challenges. These accounts are ideal for traders who wish to avoid overnight holding fees, either for personal or religious reasons.
Swap-free accounts provide the same trading conditions as standard accounts during the Challenge Phase, with one key difference: the pricing is 10% higher due to the coverage of overnight holding costs. Additionally, swap-free accounts come with raw spreads, ensuring a fair trading environment for all users.
FundedNext Trading Rules
FundedNext has set clear restrictions on trading strategies to ensure fairness and maintain market integrity. Violating these rules can lead to account suspension or termination.
Copy Trading
Copy trading is permitted only between accounts owned by the same individual. Copying trades between accounts owned by different people, including friends or family members, is strictly prohibited.
News Trading
You’re allowed to trade during news events in both the challenge and funded phases. But once you’re funded, a specific rule applies.
If you open or close trades within 5 minutes before or after a high-impact news event, only 40% of the profit from those trades will count toward your payout. Losses during this window are fully counted.
This rule doesn’t apply during the challenge, so you can trade news freely until you’re funded.
Expert Advisors (EAs)
Expert Advisors (EAs) are allowed at FundedNext on the MT4 and MT5 platforms for Challenge and Funded Accounts, while automated trading is not allowed if you are using cTrader.
If you are using EAs on MT4 or MT5, you must customise your EA settings to match your individual trading style, even if using the same EA as others.
Other Prohibited Strategies
- Latency Arbitrage: Exploiting market data delays for risk-free profits.
- Grid Trading: Placing multiple buy/sell orders at different price levels to manipulate activity.
- Hedging Across Accounts: Using multiple accounts to hedge positions is prohibited.
- High-Frequency Trading (HFT): Executing a large volume of trades in short periods.
- Tick Scalping: Profiting from small price movements with high trade volume.
- One-Sided Betting: Continuously taking positions in one direction without proper analysis.
- Account and Device Sharing: Sharing accounts or devices with others is not allowed.
- Arbitrage Trading: Exploiting price differences across markets for guaranteed profits.
Verdict on FundedNext Accounts
FundedNext offers two main challenge models— Stellar and Stellar Lite—each with varying levels of flexibility and add-ons to choose from.
Spreads and Commissions
FundedNext uses Eightcap as their clearing house (or liquidity provider) so we are able to determine the spreads on offer by checking the Eightcap website.
Eightcap is a no dealing desk (NDD) trading broker based in Australia that is regulated by ASIC and also CySEC in Europe and VFSC in Vanuatu.
FundedNext Spreads
While FundedNext don’t publish the spread they offer on their website, Eightcap does. We have captured the average spreads Eightcap lists on their website for their RAW account and compared them to the average we compiled using the average spreads 40 other brokers publish on their website.
| Forex Pairs | Eightcap | Industry Average |
|---|---|---|
| EUR/USD | 0.06 | 0.22 |
| USD/JPY | 0.23 | 0.41 |
| GBP/USD | 0.73 | 0.52 |
| AUD/USD | 0.27 | 0.46 |
| USD/CAD | 0.20 | 0.66 |
| EUR/GBP | 0.42 | 0.57 |
| EUR/JPY | 0.59 | 0.74 |
| AUD/JPY | 0.49 | 0.87 |
Commission Fees
FundedNext offers differentiated commission rates depending on the account type. Both Stellar 1-Step and 2-Step accounts are charged $5 per lot for Forex and Commodities trades, with no commission on Indices and Crypto trades.
The Stellar Lite account, however, incurs a higher rate of $7 per lot for Forex and Commodities, also with no commission on Indices and Crypto trades.
| Account Type | Forex | Commodities | Indices | Crypto |
|---|---|---|---|---|
| Stellar One Step & Two Step | $5 per lot | $5 per lot | $0 | $0 |
| Stellar Lite | $7 per lot | $7 per lot | $0 | $0 |
Verdict on Spreads and Commissions
FundedNext provides competitive spreads through their clearing house, Eightcap, and maintains a transparent commission structure. Charges for Forex and Commodities start at $5 per lot on most accounts, rising to $7 on the Stellar Lite account, with Indices and Crypto trades remaining free of commission.
Financial Markets
FundedNext offers prop traders access to four main asset classes: Forex, Indices, Commodities, and Cryptocurrencies, with a total of 83 different financial markets to choose from.
Range of Markets
FundedNext’s current offerings include:
- Forex: A total of 50 currency pairs are available for forex trading, including major, minor, and exotic pairs.
- Indices: 18 major global indices available, enabling traders to speculate on the broader market trends and economic indicators from different countries.
- Commodities: 5 key commodities, focusing on precious metals and energy, which are staples for traders looking to diversify or hedge other investments.
- Cryptocurrencies: A recent addition of 10 popular cryptocurrencies including Bitcoin and Ethereum, reflecting the growing demand for digital currency trading.
| Asset Class | Total Markets | Symbols |
|---|---|---|
| Forex | 50 | AUDCAD, EURUSD, USDJPY, NZDUSD, GBPUSD, etc. |
| Indices | 18 | AUS200, GER30, US30, SPX500, NDX100, etc. |
| Commodities | 5 | XAGUSD, XAUUSD, UKOUSD, USOUSD |
| Cryptocurrencies | 10 | BTCUSD, ETHUSD, XRPUSD, LTCUSD, BCHUSD, etc. |
Verdict on Markets and Leverage
FundedNext offers access to 83 markets across Forex, Indices, Commodities, and Cryptocurrencies, providing flexibility for different trading strategies and risk tolerances.
FundedNext Trading Platforms
FundedNext provides traders with access to four of the most popular trading platforms – MetaTrader 4 (MT4), MetaTrader 5 (MT5) with TradingView integration, cTrader, and Match-Trader.
Each platform offers distinct tools and features, but some come with fees, and not all platforms are available with all challenges.
| Trading Platform Fees | Stellar One Step | Stellar Two Step | Stellar Lite |
|---|---|---|---|
| MetaTrader 4 | Free | Free | Free |
| MetaTrader 5 | Free | Free | Free |
| cTrader | $25, not available for 100K or 200K accounts | $25, not available for 100K or 200K accounts | $25, not available for 100K accounts |
| MatchTrader | $25, not available for 100K or 200K accounts | $25, not available for 100K or 200K accounts | $25, not available for 100K accounts |
1. MetaTrader 4 (MT4)
MT4 is a widely used platform known for its compatibility with a vast range of expert advisors (EAs) and indicators. It is best suited for forex, commodities, and indices traders. Users can also develop their own algorithms using the MQL4 programming language.
Key Features
- Compatible with a wide range of EAs and indicators.
- Focused on forex, commodities, and indices.
- Custom algorithm creation using MQL4.
2. MetaTrader 5 (MT5)
MT5 is an advanced platform offering more technical tools and features than MT4, including additional order types and a broader range of indicators.
It supports automated trading, with EAs developed in MQL5, and includes a built-in economic calendar for market news and events. MT5 can also integrate with TradingView for charting and analysis.
While TradingView is temporarily paused due to system updates, once reactivated, traders can seamlessly access TradingView directly from the FundedNext dashboard while executing trades through MT5.
Key Features
- Advanced order types and technical indicators.
- Built-in economic calendar.
- Integration with TradingView for advanced charting and analysis
- Suitable for automated trading with MQL5.
3. cTrader
cTrader provides a clean, intuitive interface, particularly suited for manual trading. It offers transparency with Level II market depth pricing and supports advanced order types.
cTrader is accessible across desktop, web, and mobile devices, making it highly flexible. However, a $10 platform fee applies for cTrader users.
Key Features
- Level II pricing for better market transparency.
- Advanced order types (take profit, stop loss, trailing stops).
- Cross-device functionality (desktop, web, mobile).
4. Match-Trader
Match-Trader is a browser-based trading platform designed for speed, simplicity, and minimal setup. It doesn’t require any downloads or plugins, making it ideal if you want to get started quickly or trade on the go.
The interface is clean and modern, and while it doesn’t have as many advanced tools as MT5 or cTrader, it covers the core functionality most traders need. Unlike cTrader, there’s no extra fee to use Match-Trader on FundedNext.
Key Features
- No downloads or installation required (web-based)
- Fast execution with a simplified interface
- No additional platform fee
- Mobile-friendly for on-the-go trading
- Good for traders who prefer minimal setup and faster access
Verdict on FundedNext Trading Platforms
FundedNext offers a solid range of platforms, including MT4, MT5 (with TradingView), cTrader, and Match-Trader. This variety caters to different trading styles, ensuring traders can choose the platform that best suits their needs.
Payment Methods and Payouts
FundedNext has various payment methods available including debit card (Visa and Mastercard), bank transfer, Perfect Money, and cryptocurrency.
Payouts
When it comes to payouts, FundedNext has a minimum limit of $20 and if the amount is between $20 and $50, you will only be able to withdraw via crypto. Any withdrawal requests for a value above $50 can be done using the normal withdrawal process using Deel as a third party provider.
Verdict on Payment Methods and Payouts
As far as payment methods and payouts go, we think FundedNext performs well given they provide a good range of payment methods.
Customer Service and Education
FundedNext offers 24/7 customer support and a comprehensive suite of educational resources to help prop traders. With an efficient live chat services to a solid Youtube channel, FundedNext are strong in this area.
Customer Support Team
FundedNext provides 24/7 customer support through email and live chat. The live chat bot is generally efficient, offering quick answers to common questions, and is backed by a comprehensive FAQ section that addresses most queries in detail.
However, it occasionally directs users to broken links, and the screening questions may feel limited in scope.
Response times via email and chat are moderate, but funded traders benefit from Pro Support, connecting them with in-house technical experts for more tailored assistance.
Educational Resources
FundedNext provides a wide array of educational resources to support traders at all levels. These resources are designed to help traders enhance their skills, understand market dynamics, and improve their trading strategies.
Website and Dashboard Resources
FundedNext’s website offers a wealth of educational materials organized by topics, including trading guides, market analysis, and updates on important trading announcements.
A key feature is the Economic Calendar, which keeps traders informed about upcoming economic events that may impact the markets. The calendar is also filterable, allowing traders to focus on high-impact news that may affect their trades.
Within the trader dashboard, users have access to additional resources such as the Psychology Feed, which focuses on improving trading mindset, and Trading Psychology Sessions.
These resources help traders stay grounded and disciplined while navigating volatile markets. The dashboard also features sections like Meet The Traders, where traders can learn from successful prop traders, and Offers and Giveaways, which provide further engagement opportunities.
YouTube Channel and Prop Podcast
FundedNext’s YouTube channel is another excellent resource, boasting over 77K subscribers and more than 1,200 educational videos. The channel focuses on a variety of topics such as trading strategies, risk management, and interviews with funded traders through the “Meet The Traders” series.
The Risk Reward Radio podcast offers deeper insights into traders’ journeys, providing valuable lessons and real-world experiences
Verdict on Customer Service and Education
FundedNext provides excellent 24/7 customer support and a rich array of educational materials, including live chat, an extensive FAQ, trading guides, and an interactive Economic Calendar.
Their YouTube channel and podcast further supplement learning, making it a strong choice for traders seeking comprehensive support and continuous learning opportunities.
Trust and Community
FundedNext has an ‘Excellent’ ranking on Trustpilot with 4.6 out of 5 stars, and is a verified company. We scrolled through various pages and it was difficult to find any negative reviews at all, so they’re clearly doing something right.
On the community side of things, they have fairly substantial followings with lots of engagement which adds further strength to their credibility as a prop trading firm.
FundedNext has a large social media community group with 120,000 followers on Facebook, 128,100 followers on Twitter / X, and 10,600 on LinkedIn.
Telegram
The FundedNext Telegram channel is also very large with over 46,400 subscribers. It’s a one way channel where FundedNext communicates details about competitions and other announcements, and posts receive lots of reactions/engagement with thousands of views per post.
Discord
The FundedNext Discord channel has over 225,900 members and has a lot of activity across the various channels. From community updates to giveaways, psychology chats, and more, there’s a lot to get stuck into in their online community.
Verdict on FundedNext Trust and Community
We think FundedNext offers a great and vibrant community spanning various channels. Whether you’re mainly on Facebook or Discord, or you prefer to use their trading portal, there’s plenty of options for you to get involved.
This combined with their ‘Excellent’ ranking on Trustpilot indicates a strong reputation and history of client satisfaction.
How to Sign Up with FundedNext
Getting set up with FundedNext is relatively easy and we have outlined the steps clearly below for you to get an idea of what’s required.
1. Register An Account
Navigate to the top of the screen and click register account
2. Provide personal details
Fill in your personal details and click register (you can use your Google or Facebook account if you are logged in)
3. Sign in
Repeat step 1 except this time click ‘sign in’ and enter your details. Then you should have access to the dashboard and at the top click the green button titled ‘start trading’.
4. Select account, platform and funding model
Choose whichever plan, platform and funding model best suits you, and then click ‘enroll now’
5. Pay
The final step is to select your payment method, add in your details and proceed by clicking ‘confirm payment’.
Once you’ve completed these 5 steps you will receive an email confirming you have been successfully registered and you’ll be able to freely navigate the trader portal and commence trading.
Our Final Verdict On FundedNext
FundedNext offers a wide range of funding challenges, appealing to different types of traders with account sizes from $5,000 to $200,000 and profit splits that go up to 95%. Their variety of models with both one step and two step challenges, along with a range of add-ons, provide flexibility depending on the trader’s preferences and risk tolerance.
With support for popular trading platforms like MT4, MT5, cTrader, and Match-Trader, FundedNext accommodates traders at all skill levels, offering them the tools needed to succeed.
However, the lack of stock market access may be limiting for some. Yet, traders who are focused on forex, commodities, indices, or cryptocurrencies will find value, but those seeking a broader range of financial instruments might feel restricted.
Overall, FundedNext is best suited for disciplined traders who can adhere to the firm’s structured rules and are focused on maximizing profits within the markets they offer.
While the potential for high profit splits and access to quality platforms is appealing, traders should be mindful of the strict trading conditions and the time needed to navigate certain challenges.
FundedNext Review - FAQs
Is FundedNext legit?
Yes, FundedNext is a legitimate prop trading firm offering flexible account sizes from $5,000 to $200,000 with profit splits up to 95%. It is well-regarded in the trading community for its transparent rules and competitive payouts, and considered one of the best prop firms worldwide.
FundedNext is supported by trusted platforms like MT4, MT5, cTrader, and Match-Trader, and their reputation is solidified with an excellent rating on Trustpilot.
Do prop firms really pay?
Yes, prop firms do pay traders who meet their profit targets and follow the firm’s rules. Payments are based on profit splits, typically ranging from 70% to 95%.
Reputable firms like FundedNext and FTMO have a track record of reliable payouts, often processed through secure third-party platforms like Deel. However, it’s important to choose a trustworthy prop firm to avoid scams, as some firms may not honour payouts or have hidden fees.
How does FundedNext work?
FundedNext works by offering traders a chance to manage funded accounts after passing one of its two challenge models: Stellar or Stellar Lite. Traders must meet specific profit targets while adhering to daily and overall loss limits. After passing the challenge, traders can earn profit splits up to 95% on live accounts.
For more info, you can learn about how challenges work.
What are the profit split percentages for FundedNext traders?
FundedNext offers profit splits of up to 95%, and known for having one of the best funded trading accounts available. Traders on Stellar 1-Step and 2-Step accounts receive a 15% profit share during the challenge and 95% once funded. Stellar Lite accounts don’t pay during the challenge but also unlock 95% profit splits after funding.
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At PropFirms, our methodology focuses on providing traders with clear, unbiased reviews of the best prop trading firms. We evaluate firms based on key factors like spreads, audition processes, account types, payment structures, and trading platforms. Our research team conducts in-depth testing and frequent updates to ensure accuracy. By considering these factors, we aim to help traders make informed decisions tailored to their specific trading needs.
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