FundedNext Review: Is It Legit? My Honest Opinion

To achieve a higher goal in Forex trading, you need a bigger capital. And this is where fundednext comes in. Fundednext offers traders with a large capital up to $300,000 with up to 95% of profit share. You can purchase any of this huge capital with as little as $32. If you are a retail trader struggling with small capital, this article is for you. As I will be giving a detailed review on Fundednext.

Growing a small equity like $150 can be hard as it keeps you rotating on a two-figure profit. Do you know you can purchase a $15,000 funded account from Fundednext for just $119?

Let’s say you have $150 in your trading account, and you made 20% of it in one month, this will be $30. But you can use $119 to purchase a $15,000 account from FundedNext; the same 20% is $3,000. FundedNext will be splitting the profits with you, giving you up to 80-95% of this profit and taking the remaining 20-5%. Hope you are getting the gist?

What Is FundedNext?

Fundednext is one of the leading proprietary firm companies that makes trading capital available for retail traders, with very good and accommodating rules compared to other prop firms out there.

How To Create A FundedNext Account:

These are the steps to sign up with fundednext.

1. To open a FundedNext account, >>click here<< to be redirected to their official website.

2. Select any plan of your choice, review it, and click on the continue button.

3. Input your email, name, and country, and create your password.

4. Fundednext will send an OTP to verify your email.

5. Now, go ahead and login with the verified email and password.

6. After going through this article and creating an account with Fundednext, use “Jonath1” as your discount code for any purchases you are making to get a 10% discount.

How Does FundedNext Work?

Fundednext works by providing potential traders with huge funds to trade the financial market and make big profits.

Fundednext is categorized into three (3):

1. Stellar Plan
2. Stellar Lite Plan
3. Evaluation Plan
4. Express Plan 

STELLAR PLAN: 

The stellar plan is divided into 2:

• The 1-step
• The 2-step

In these stellar features I will be comparing the 1-step and 2-step.

1. Profit Share From Evaluation Phase: Fundednext pays you 15% of the profit you made on your evaluation phase after passing them. Let’s say you pass phase one(1) and phase two(2) of a $15,000 account. Which is 8% and 5%, respectively. (8%+5%=13%.) And 13% of $15,000 is $1950. Then 15% of this profit ($1950) is $292.5. Fundednext will pay you $292.5 just for passing the challenge.  Then, on your real account, you will get up to 95% of the profit you made anytime you request to withdraw.

2. Evaluation Phases: In the 1-step stellar plan, you only have one phase to pass. And once you pass that phase, you will be funded automatically. But in 2-phase evaluation, you have two (2) phases of evaluation to pass before you will get funded.

3. Profit Target: In a 1-step stellar evaluation, you are expected to get 10% of the profit, before being funded automatically with a real account. But in a 2-step evaluation, you are expected to pass a 2-step evaluation; the 1st profit target is 8% while the 2nd profit target is 5% before you will have access to a real account.

4. Maximum Daily Loss: In 1-step stellar evaluation, the maximum daily loss is 3%. This implies that if you are purchasing a 1-step stellar evaluation, you are not meant to lose 3% of the account in a day. But in 2-step stellar evaluation, the maximum daily loss is 5%.

5. Maximum Overall Loss: In 1-step stellar evaluation, the maximum loss is 6%. So if you lose up to 6% of the overall capital given to you, FundedNext will automatically take the account from you. But in 2-step evaluation, the maximum overall loss you will have in the capital is 10%. 

6. Drawdown Type: Some prop firms calculate their drawdown based on equity, but Fundednext calculates their drawdown based on balance; this made them stand out from other propfirms. Drawdown based on balance is good for both day traders and swing traders.

7. Time Limit: Both 1-step and 2-step stellar plans have no time limit. This means you can trade as long as you want.

8. Minimum Trading Days: The minimum trading days are 5 days. You should trade on the account for a minimum of 5 days to get funded both in 1-step and 2-step stellar evaluation.

9. Profit Split: profit split in both 1-step and 2-step evaluation is 95%. Where you take 90% and Fundednext will take 5%, which is very much massive.

10. Leverage: both 1-step and 2-step evaluations have 1:100

11. Refundable Fee: FundedNext will refund you for any account you bought once you pass the challenge phase. Let’s say you bought a $15,000 account for $119. And if you pass the evaluation phase and get funded with a real account, Fundednext will also refund you the $119 you used to purchase the account on your first withdrawal.

12. Weekend Holding: Yes, you can hold trade over the weekend with Fundednext prop firms.

13. Expert Advisor: Yes.

14. Trade Copiers: Yes

15. Reset Discount: up to 10%

Between the 1-step and 2-step Stellar Challenge, which is better?

I think 2-step is better for newbies, as it allows you to take your time and pass the challenge and get funded. Pro Traders can jump into the 1-step challenge.

STELLAR LITE: 

Unlike the stellar plan, this stellar lite plan offers only 2-step challenges. And it’s features include;

1. Profit Share From Evaluation Phase: Just like the stellar plan, stellar lite will also pay you 15% if you pass the evaluation phase. Let’s say you bought and passed a $6,000 account. FundedNext will pay you $117.

2. Profit Target: Since the stellar lite has only a 2-step evaluation. All you need is to get 8% on phase one and 5% on phase two, and then you will be funded with a live account.

3. Maximum Daily Loss: 5% is the maximum daily loss here, this means that you are not meant to lose 5% of your account on a particular day.

4. Maximum Overall Loss: 10% is the maximum overall loss. This means that if you lose up to 10% of the account given to you, FundedNext will automatically take the account away from you.

5. Drawdown Type: Stellar lite drawdowns are calculated based on your balance. This is a good one, as it allows you to trade with little or no tension.

6. Minimum Trading Days: This means the minimum days you are to trade on the account. The minimum trading day is five (5). So you are not expecting to purchase an account today and pass it within 2, 3, or 4 days. You should trade on the account for at least five (5) days to prove that you are a good trader with good risk management.

7. Profit Split: Your profit split with FundedNext on this plan is as high as 95%.

8. Leverage: leverage: 1:100.

9. Weekend holdings: Yes

10. News trading: Yes

11. Expert Advisor: Yes

12. Trade Copiers: Yes

13. Reset Discount: Yes, up to 10%

Between Stellar and Stellar Lite Plan, Which One Is Better?

From my own view, the Stellar 2-step plan is better than the Stellar Lite with these features;

The daily drawdown of stellar lite is 4%, while the daily drawdown of stellar 2-step plan is 5%. Also, the maximum overall drawdown in the stellar lite is 8%, while the maximum Overall drawdown in Stellar, 2-step plan is 10%. 

Although the stellar lite is cheaper in price tags, the stellar 2-step plan gives more room for relaxed trading, and so it is good for traders who are new to prop firms and trading in general. Advanced traders can go ahead with stellar lite.

EVALUATION PLAN:

 The features in the evaluation plan include:

1. Profit Share From Evaluation Phase: Fundednext will pay you 15% profit of what you made on your evaluation phase after passing them. Just like stellar and stellar Lite Plan.

2. Profit Target: The profit target in phase one is 10%, while the profit target in phase two is 5%. Once you pass these two phases, you will be funded automatically with a real account.

3. Maximum Daily Loss: The maximum daily loss is 5%. Don’t lose 5% of the account on a particular day.

4. Maximum Overall Loss: The maximum overall loss is 10%. Let’s say in a $15,000 account. One is not expected to lose $1500 (which is 10%) overall of the capital.

5. Drawdown Type: The drawdown type is balance-based. So your drawdown will always be measured based on your balance, not equity. And this is a good one!

6. Minimum Trading Days: The minimum trading days are 5 days. This means that even if you pass the evaluation phase within 2 days, you are expected to wait and trade for an extra 3 more days to complete the five (5) trading days. 

7. Profit split: The profit sharing is up to 90%.

8. Leverage: leverage is 1:100.

9. Weekend Holdings: Yes

10. News Trading: Yes

11. Expert Advisor: Yes

12. Trade Copiers: Yes

13. Reset Discount: Yes, up to 10%

EXPRESS PLAN:

Express Challenge looks a bit tougher than the others. And it’s divided into two (2) packages. These include consistency and non-consistency packages. 

They all share the same features, but the main difference between them is this; 

In a non-consistency express package, you can hold your trades overnight and over the weekend. There is no consistency rule binding this package.

In the consistency express package, you can hold your trades over the night, but you can not hold a trade over the weekend, you are meant to close it at least 15 minutes before the market closes. But if you were unable to close it, the system will close it for you.

Other similar features include:

1. Profit Share From Challenge Phase: Just like stellar and evaluation plans, Express plan also gives 15% profit of what you made in your demo account.

2. Profit Target: The profit target here is 25%. So one is expected to get 25% of the account for one to get funded with a real account. This is higher compared to stellar, stellar lite, and the evaluation plan.

3. Maximum Daily Drawdown: Maximum daily drawdown here is 5%. 

4. Maximum Overall Loss: The maximum overall loss here is 10%.

5. Drawdown Type: The drawdown type here is balance base.

6. Time Limit: There is no time limit here. So you can trade as long as you want to.

7. Minimum Trading Days: The maximum trading days in the express plan are 10 days. So you are to trade on the account for a minimum of 10 days.

8. Profit Split: profit split is up to 95%. Where FundedNext takes 5% and gives the trader the remaining 95%.

9. Leverage: leverage is up to 1:100.

10. News Trading: No

11. Weekend holdings: “YES” for non-consistency plan and “NO” for consistency plan

12. Expert Advisor: Yes

13. Trade Copiers: Yes

14. Reset Discount: Yes, Up to 20%

Between Stellar, Stellar Lite, Evaluation, and Express Plan, Which One Is Better?

In all the four plans offered by Fundednext, the stellar 2-step plan looks better. Because it came with modified and accommodating rules that can help you pass your challenge and get funded instantly to start trading a real account. These peculiar rules are: good price tags, 8% and 5% profit targets for phase 1 and phase 2 respectively, 10% maximum overall loss, and 5% daily drawdown.

If you are new to prop firms and you want to trade with FundedNext, I recommend Stellar, 2-step plan. Advanced traders can choose the evaluation or stellar lite as it has cheaper price tags.

What Will Happen If I Pass The Evaluation Phases?

If you pass the evaluation challenges, FundedNext will automatically fund you with a real account. This account will be yours forever. Let’s say you purchased and passed a $10,000 account, which you purchased at $80. This $10,000 will all be yours. You can choose to make withdrawals of 5% of this account monthly or biweekly, which is up to $500. You can as well choose to increase or decrease the 5% depending on what your psychology can handle.

What Will Happen If I Breach The Drawdown On My Real Account?

If you breach the daily or maximum drawdown on your real funded account, FundedNext will take the account away from you. This will make you start again from purchasing and passing the evaluation challenge in order to have another real funded account. I advise you to still go conservatively even when you have finally gotten your real funded account.

What Happens If I Do Not Pass The Evaluation Challenge?

If you are unable to pass the evaluation challenge, the fee that you paid to purchase the account will not be refunded to you. For instance, if you purchased a $10,000 account with $80 and you were unable to pass the challenge, the account will be taken away from you, and the fee ($80) that you used to purchase this account will not be refunded to you.

But if you pass the evaluation challenge, fundednext will give you 15% from the profit you made on the evaluation account, meaning that you are being paid for passing the challenge. And the fee that you used to purchase the account will also be refunded to you.

Which Trading Platform Supports FundedNext?

Some prop firms have been banned from metatrader. But with FundedNext, you can trade on reputable and good trading platforms like Metatrader 4, Metatrader 5 and CTrader.

Why Is FundedNext Better Than Other Prop Firms?

1. Fundednext pays 15% of the profit one made on the evaluation phase. I’ve not seen any prop firm that does that so far.

2. Fundednext offers a profit share with the trader for as high as 80% to 95%.

3. Their profit target, which is 8% and 5%, is very accommodating. Giving traders room to get funded with less stress. 

4. While other prop firms are still calculating their drawdown based on equity. Fundednext is calculating theirs based on balance.

5. With as low as $32, you can get a $5,000 account to kick off your trading journey.

6. Many propfirms don’t offer any packages that are as low as $5,000, but FundedNext does.
7. If you were unable to get your funds after 24 hours from the time you place your withdrawal, FundedNext will compensate you with $1,000

How Can I Pass A Prop Firm?

I’m a trader and also a content writer, so I can easily share some tips that I used to pass mine.

1. Apply good risk management. Don’t risk more than 1% on a particular trade.

2. You need to be disciplined, to achieve this, you need to have a particular set up, a strategy, and a constant way of approaching the market. And always stick to this strategy.

3. Finally, have a good trading psychology. This will help you regulate the act of executing trades under pressure, to prevent emotional trades.

FUNDEDNEXT PRICING:

For the stellar (1-step) plan, the price tags are:

$6,000 for $65.

$15,000 for $129.

$25,000 for $219.

$50,000 for $329. 

$100,000 for $569.

$200,000 for $1099.

For Stellar (2-step) Plan, The price tags are:

$6,000 for $59

$15,000 for $119

$25,000 for $199

$50,000 for $299 

$100,000 for $549.

$200,000 for $999.

For Stellar Lite, the price tags are:

$5,000 for $32

$10,000 for $59

$25,000 for $139

$50,000 for $299

$100,000 for $399

For the evaluation challenge, the price tags are:

$6,000 for $49.

$15,000 for $99.

$25,000 for $199.

$50,000 for $299.

$100,000 for $549.

$200,000 for $999.

For the express (consistency) plan, the price tags are:

$6,000 for $49.

$15,000 for $99.

$25,000 for $199.

$50,000 for $299.

$100,000 for $549.

$200,000 for $999.

For the Express (non-consistency) Plan, the price tags are:

$6,000 for $59.

$15,000 for $119.

$25,000 for $229.

$50,000 for $379. 

$100,000 for $699.

Who Is The Owner Fundednext?

Abdullah Jayed is the founder and CEO of Fundednext, who is also a serial entrepreneur.

Is Fundednext Legit?

Yes, Fundednext is legit. Once you pass their evaluation phases, you will be funded instantly with a real account to start trading. You can ask for withdrawals anytime, and you will be paid instantly. I’m saying this confidently because I have seen so many proofs of withdrawals.

What Are The Fundednext Rules:

The rules in FundedNext vary according to the challenge you want to purchase. Just as I explained above, you will understand that the rules in the stellar plan are different from those of the stellar lite, express, and evaluation plan. 

What Is The Correct Fundednext Coupon Code?

The working FundedNext coupon code is Jonath1. Use this as your discount code to get  10% discount.

Does FundedNext Have a Good Customer Services?

Yes, FundedNext has good customer services. If you encounter any issues while purchasing an account, during KYC, withdrawal or any issues while navigating through their site, FundedNext customer services are always active to help you out through live chat or email.

Is Fundednext Regulated?

Yes, Fundednext is regulated. It is a prop firm that offers retail traders more capital to trade with. It partnered with EightCap Broker, which is a reputable CFD and forex broker. Regulated by the Australian Securities and Investment Commission (ASIC)

Is FundedNext Worth It?

Yes, FundedNext is worth it. If you are looking for capital to start trading or a huge amount of capital to step up your trading career, Fundednext can fund you up to $300,000. And there are so many proofs of withdrawals from traders, including from my students.

What Are The FundedNext Payment Methods:

FundedNext has a very simple method of funding and withdrawing. Which includes:

1. Card method 
2. Crypto
3. Bank transfer
4. Perfect money

Conclusion: Fundednext Review

FundedNext is one of the 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.