Name: Funded Next Challenges
Brand: Funded Next

Funded Next

CEOAbdullah Jayed

Country

Date Created1/4/2022

Years in Operation4

Funded Next Prop Firm Details

Firm Overview

Broker:

FundedNext Ltd

Platform:

cTrader

Match Trader

MT4

MT5

Payment Methods:

Apple Pay

Astropay

Credit Card

Crypto

Google Pay

Paypal

Perfect Money

Skrill

Payout Methods:

Crypto

Riseworks

TC Pay

Type of Instruments:

forexcryptometalsenergy

Leverage

1 Step Account

FX: 1:30
Metals & Energy: 1:10
Indices: 1:15
Crypto: 1:1

2 Steps Account

FX: 1:100
Metals, Indices & Energy: 1:25
Crypto: 1:1

Instant Account

FX: 1:30
Metals & Energy: 1:7.5
Indices: 1:15
Crypto: 1:1

Commissions

FX, Metals & Energy

Stellar 1 Step & 2 Step $5/Lot
Stellar Lite & Instant $7/Lot

Indices

$0 Commission

Crypto

0.04%/Lot for all accounts

Account Sizes

Stellar 1 Step | $6k to $200k
Stellar 2 Step | $6k to $200k
Stellar Lite | $5k to $200k
Stellar Instant | $2k to $20k

Max Allocation

You can merge your accounts up to $300k
Accounts must be in the same challenge type to merge
Merging is not permitted if there are any open trades
Accounts with a negative balance cannot be merged
Account merging is only available for funded accounts, not challenges
Scaled-up accounts cannot be merged

Daily & Maximum Loss

Stellar 1 Step | 3% Daily Loss | 6% Maximum Loss
Stellar 2 Step | 5% Daily Loss | 10% Maximum Loss
Stellar Lite | 4% Daily Loss | 8% Maximum Loss
Stellar Instant | No Daily Loss | 6% Maximum Loss

Drawdown

All challenges & funded accounts: Static Balance Based Drawdown

Stellar Instant: Trailing Drawdown

Risk Management

3% drawdown is not allowed on any open trades Breaking this rule will lead to profit reductions 50% the first time and 100% the second time
You must use the same trading strategy and style on both the challenge and the funded account
You cannot change assets or increase risk or margin usage after passing the challenge Your trading style must remain consistent
You must not risk more than 1% on each trade and you must use a stop loss Violations may lead to profit deductions or account termination
There is no fixed maximum lot size You must manage your margin properly
Use one device or a maximum of two devices with a unique IP address

Consistency Rules

No consistency rule on any account

Minimum Trading Days

Stellar Lite Stellar 2 Step Challenges | 5 days
Stellar 1 Step Challenges | 2 days
Stellar Instant | None

News Trading

Allowed

News trading in all challenges

Not Allowed

For all funded accounts & instant funding, opening or closing a position 5 minutes before or after a High Impact News event is NOT allowed if this happens, you will receive only a 40% profit split from that position

Overnight & Weekends Holding

You can hold your positions overnight and over the weekend for all accounts excert Stellar Instant
Swap charges are included in your loss limit
You can pay an extra 10% of the account price to get swap-free trading

Copy Trading

Allowed

Copying trading is ONLY allowed between FN challenges, all under the same name
Copying trading is allowed between Stellar Instant accounts

Not Allowed

Copying between FundedNext funded accounts
Copying from personal accounts or any other prop firm to FundedNext challenges or funded accounts
Copying between Stellar Instant and any other Stellar account type

Experts

Allowed

Only works on MT4 & MT5
EA must be customized to suit your trading style

Not Allowed

EA copying
Switching between EA & manual trading

VPN/VPS

Use a paid VPN or VPS with a specific IP in a specific country each time you connect
Free VPNs involve multiple users sharing the same IP address, which can pose security risks and lead to account loss
Sharing your VPS connection with others is prohibited

Payout Policy

Stellar 1 Step

Every 5 days

Stellar 2 Step

First payout after 21 days then every 14 days

Stellar Lite

First payout after 21 days then every 14 days

Stellar Instant

On demand once you reach 5% or every 14 days even if profit is less than 5%

Scale Up Plan

Stellar 1 Step / 2 Step / Lite

Max capital Traders can reach up to $4,000,000 in capital
Minimum growth Minimum accumulated account growth of 10% over 4 consecutive months
Payouts requirement Receive at least 2 payouts within these 4 consecutive months
Last cycle The last trading cycle must end in profit
Scale up increase After meeting eligibility criteria, account balance increases by 40%
Loss limits after scale up New daily loss and maximum loss are calculated based on the new balance after the scale up

Stellar Instant

Growth cap You can grow your account up to 10x your initial balance, max $200,000
After withdrawal benefit: After each 10% profit withdrawal after split, you will receive 2x your balance