Reviewed by PropFirm201 Research Team·At a Glance
FundedNext Homepage
Pricing & Challenge Types
Stellar 2-Step
2 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $6,000 | $59.99 | 8% | 5% | 5% | 10% |
| $15,000 | $119.99 | 8% | 5% | 5% | 10% |
| $25,000 | $199.99 | 8% | 5% | 5% | 10% |
| $50,000 | $299.99 | 8% | 5% | 5% | 10% |
| $100,000 | $549.99 | 8% | 5% | 5% | 10% |
| $200,000 | $1099.99 | 8% | 5% | 5% | 10% |
Stellar 1-Step
1 phase · 90% profit split · Scaling available
| Account Size | Price | Target P1 | Daily Loss | Max DD |
|---|---|---|---|---|
| $6,000 | $59.99 | 10% | 3% | 6% |
| $15,000 | $119.99 | 10% | 3% | 6% |
| $25,000 | $199.99 | 10% | 3% | 6% |
| $50,000 | $299.99 | 10% | 3% | 6% |
| $100,000 | $549.99 | 10% | 3% | 6% |
| $200,000 | $1099.99 | 10% | 3% | 6% |
Stellar Lite
2 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $6,000 | $59.99 | 8% | 4% | 4% | 8% |
| $15,000 | $119.99 | 8% | 4% | 4% | 8% |
| $25,000 | $199.99 | 8% | 4% | 4% | 8% |
| $50,000 | $299.99 | 8% | 4% | 4% | 8% |
| $100,000 | $549.99 | 8% | 4% | 4% | 8% |
| $200,000 | $1099.99 | 8% | 4% | 4% | 8% |
Pros & Cons
Pros
- Up to 95% profit split with add-ons
- Multiple challenge types to suit different trading styles
- No time limit on challenge phases
- 15% profit share during challenge phase (Stellar 2-Step)
- 24-hour guaranteed payout processing or $1,000 penalty
- Supports MT4, MT5, cTrader, and Match-Trader
- US-friendly with futures trading available
Cons
- Not regulated as a financial institution
- Weekend holding not allowed on funded accounts
- Copy trading between different individuals is prohibited
- Some traders report inconsistent rule enforcement
- No refund if you fail the challenge
Trading Rules
About FundedNext
FundedNext is a proprietary trading firm founded in 2022 by Abdullah Jayed, headquartered in Ajman, United Arab Emirates, with additional offices in Limassol, Cyprus, and Hong Kong. Despite being relatively new to the prop trading industry, FundedNext has rapidly grown to become one of the most popular firms, amassing over 63,000 Trustpilot reviews with a 4.5-star rating.
The firm operates under GrowthNext F.Z.E. in the UAE and Incenteco Trading LTD in Cyprus. FundedNext distinguishes itself through its Stellar challenge lineup, which offers traders multiple paths to funded accounts including 1-step, 2-step, and lite evaluation models. The firm also expanded into futures trading with its Bolt and Legacy challenge programs.
FundedNext is particularly appealing to traders who want flexibility in their evaluation process. The absence of time limits on challenge phases removes the pressure of rushing trades, and the 15% profit share during the challenge phase of the Stellar 2-Step is a unique feature that rewards traders even before they become fully funded. The firm can scale accounts up to $4,000,000, making it attractive for serious traders looking to manage significant capital.
The firm is best suited for forex and futures traders who value a wide selection of platforms and challenge types. It is US-friendly, which sets it apart from many competitors that restrict American traders. However, traders should be aware that FundedNext operates in a simulated trading environment and is not regulated by any financial authority.
How FundedNext Works
FundedNext offers several paths to a funded account through its Stellar lineup:
Stellar 2-Step Challenge: The most popular option. Traders must hit an 8% profit target in Phase 1 and 5% in Phase 2, with a 5% daily loss cap and 10% maximum drawdown. A minimum of 5 trading days is required per phase, with no maximum time limit. Traders earn a 15% profit share during the challenge phases.
Stellar 1-Step Challenge: A faster route requiring a single 10% profit target with tighter risk limits of 3% daily loss and 6% maximum drawdown. Only 2 minimum trading days are required, and the base profit split starts at 90%.
Stellar Lite Challenge: A more conservative 2-step option with an 8% Phase 1 target and 4% Phase 2 target, featuring a 4% daily loss cap and 8% maximum drawdown. Designed for lower-risk trading styles.
Once funded, traders receive their first payout after 21 days (5 days for 1-Step), with subsequent payouts processed bi-weekly. FundedNext guarantees 24-hour payout processing or pays the trader an additional $1,000.
Pricing & Plans
All Stellar challenges share the same pricing structure across account sizes:
| Account Size | Fee |
|---|---|
| $6,000 | $59.99 |
| $15,000 | $119.99 |
| $25,000 | $199.99 |
| $50,000 | $299.99 |
| $100,000 | $549.99 |
| $200,000 | $1,099.99 |
The challenge fee is fully refundable upon successfully passing the evaluation and receiving a funded account. The refund is included with the first profit payout.
FundedNext also offers futures challenges (Bolt and Legacy) for traders who prefer futures markets, with separate pricing and rules.
Rules & Restrictions
Risk Management:
- Daily loss limit: 3% (1-Step), 4% (Lite), or 5% (2-Step)
- Maximum overall drawdown: 6% (1-Step), 8% (Lite), or 10% (2-Step)
- Drawdown is calculated on a balance-based model
Trading Rules:
- No time limit on challenge phases
- Minimum trading days: 2 (1-Step) or 5 (2-Step and Lite)
- News trading is allowed
- Weekend holding is allowed during challenge phases but not on funded accounts
- Scalping and hedging within the same account are permitted
- EAs and trading bots are allowed on MT4 and MT5 (not on cTrader)
- Copy trading is only allowed between your own FundedNext accounts (max $300K combined)
- Copy trading between different individuals is strictly prohibited
- Hedging across multiple accounts is prohibited
Prohibited Strategies:
- High-frequency trading exploiting latency
- Arbitrage strategies
- Cross-account hedging
Payouts
- Frequency: Bi-weekly after the first payout
- First Payout: 21 days after funding (Stellar 2-Step/Lite), 5 days (Stellar 1-Step)
- Processing Time: Guaranteed within 24 hours (average 5 hours); FundedNext pays $1,000 if delayed
- Methods: Skrill, Visa, Mastercard, PayPal, Apple Pay, bank transfer (Pix), crypto, and regional methods (M-Pesa, GrabPay, OPay, Korapay)
- Profit Split: Starts at 80-90% depending on plan, scalable up to 95% with add-ons and scale-up milestones
Is FundedNext Legit?
FundedNext has established itself as one of the more credible prop trading firms despite its relatively short history. With over 63,000 Trustpilot reviews and a 4.5-star rating, the majority of traders report positive experiences. The firm has paid out millions in rewards since its 2022 launch and maintains transparent communication through multiple support channels.
However, FundedNext is not regulated by any financial authority. It classifies itself as an education firm and operates a simulated trading environment rather than placing real trades on behalf of funded traders. Some traders have reported inconsistent rule enforcement and payout disputes, though these represent a minority of reviews. The firm's 24-hour payout guarantee with a $1,000 penalty demonstrates confidence in their payout process.
FAQ
What is FundedNext?
FundedNext is a proprietary trading firm founded in 2022 and headquartered in the UAE. It offers traders simulated funded accounts up to $300,000 (scalable to $4,000,000) after passing an evaluation challenge. The firm supports forex, indices, commodities, crypto, and futures trading across MT4, MT5, cTrader, and Match-Trader platforms.
How much does FundedNext cost?
FundedNext challenge fees range from $59.99 for a $6,000 account to $1,099.99 for a $200,000 account. The fee is refundable upon successfully passing the challenge and receiving your first payout.
What is FundedNext's profit split?
The profit split starts at 80% for the Stellar 2-Step and Lite challenges, and 90% for the Stellar 1-Step. Through the Scale-Up program, traders can increase their split to 90%, and with the Add-On feature, the maximum profit split reaches 95%.
Does FundedNext allow EAs/bots?
Yes, FundedNext allows Expert Advisors (EAs), indicators, and trading bots on MetaTrader 4 and MetaTrader 5 platforms. However, EAs are not permitted on the cTrader platform. High-frequency trading bots and arbitrage EAs are prohibited.
Is FundedNext available in the US?
Yes, FundedNext is US-friendly. American traders can participate in both CFD challenges (Stellar lineup) and futures challenges (Bolt and Legacy programs).