Reviewed by PropFirm201 Research Team·At a Glance
Pricing & Challenge Types
1-Step Challenge
1 phase · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Daily Loss | Max DD |
|---|---|---|---|---|
| $7,500 | $28 | 10% | 4% | 6% |
| $15,000 | $55 | 10% | 4% | 6% |
| $25,000 | $99 | 10% | 4% | 6% |
| $50,000 | $220 | 10% | 4% | 6% |
| $100,000 | $440 | 10% | 4% | 6% |
| $200,000 | $890 | 10% | 4% | 6% |
| $300,000 | $1350 | 10% | 4% | 6% |
| $400,000 | $2150 | 10% | 4% | 6% |
2-Step Challenge
2 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $7,500 | $28 | 8% | 5% | 5% | 10% |
| $15,000 | $55 | 8% | 5% | 5% | 10% |
| $25,000 | $99 | 8% | 5% | 5% | 10% |
| $50,000 | $220 | 8% | 5% | 5% | 10% |
| $100,000 | $440 | 8% | 5% | 5% | 10% |
| $200,000 | $890 | 8% | 5% | 5% | 10% |
| $300,000 | $1350 | 8% | 5% | 5% | 10% |
| $400,000 | $2150 | 8% | 5% | 5% | 10% |
Pros & Cons
Pros
- Very affordable starting at $28 for a $7,500 account
- No minimum trading days on any challenge
- Weekend holding allowed
- HFT (High-Frequency Trading) allowed on funded accounts
- Scaling up to $600,000 total capital
Cons
- Website has experienced downtime issues
- Mixed reviews with some traders reporting payout refusals
- MT5 only with no alternative platforms
- Relatively unknown firm with limited reviews
- Powered by Eightcap broker partnership
Trading Rules
About Next Step Funded
Next Step Funded is a proprietary trading firm founded in 2023 and based in Sydney, Australia. The firm offers funded trading accounts from $7,500 to $400,000 through 1-step and 2-step evaluation challenges. Next Step Funded is powered by a partnership with the Eightcap broker, providing traders with MetaTrader 5 execution.
The firm stands out by allowing High-Frequency Trading (HFT) on funded accounts, weekend trade holding, and having no minimum trading days requirement on any challenge. With scaling potential up to $600,000, Next Step Funded targets both retail traders and more sophisticated algorithmic traders.
How It Works
Next Step Funded offers two evaluation paths:
1-Step Challenge:
- Reach a 10% profit target with a 4% daily loss limit and 6% trailing drawdown. No minimum trading days and no time limit.
- Upon passing, receive a funded account with an 80% profit split.
2-Step Challenge:
- Phase 1: Reach an 8% profit target with a 5% daily loss limit and 10% static drawdown.
- Phase 2: Reach a 5% profit target with the same risk parameters.
- Upon passing, receive a funded account with an 80% profit split.
Both challenges have no minimum trading days and no maximum time limits.
Pricing & Plans
| Account Size | Challenge Fee |
|---|---|
| $7,500 | $28 |
| $15,000 | $55 |
| $25,000 | $99 |
| $50,000 | $220 |
| $100,000 | $440 |
| $200,000 | $890 |
| $300,000 | $1,350 |
| $400,000 | $2,150 |
Challenge fees are refundable upon first successful profit withdrawal.
Rules & Restrictions
- Maximum Daily Loss: 4-5% depending on challenge type.
- Maximum Overall Loss: 6% trailing (1-step) or 10% static (2-step).
- Minimum Trading Days: None.
- Maximum Trading Days: No time limit.
- News Trading: Allowed.
- Weekend Holding: Allowed.
- Expert Advisors: Allowed.
- High-Frequency Trading: Allowed on funded accounts.
- Scalping: Allowed.
- Hedging: Allowed.
- Copy Trading: Not allowed.
Payouts
- Frequency: Bi-weekly (every 14 days).
- Profit Split: 80%.
- Methods: Bank transfer and cryptocurrency.
- Processing Time: 3-5 business days.
- Challenge Fee Refund: Included with first payout.
Is Next Step Funded Legit?
Next Step Funded presents a mixed picture:
- Eightcap broker partnership provides execution credibility.
- Competitive pricing with challenges starting at just $28.
- 3.0/5 Trustpilot rating reflects mixed trader experiences.
- Website downtime reported, with the site experiencing connection issues in mid-2025.
- Some traders report that the firm refused payouts without clear justification.
Given the mixed reviews and occasional technical issues, traders should exercise caution. Starting with smaller account sizes to verify the firm's reliability is recommended.
FAQ
What is Next Step Funded?
Next Step Funded is an Australia-based proprietary trading firm that offers funded accounts from $7,500 to $400,000 through 1-step and 2-step challenges, with no minimum trading days and HFT allowed.
How much does Next Step Funded cost?
Challenge fees range from $28 for a $7,500 account to $2,150 for a $400,000 account. All fees are refundable.
What is Next Step Funded's profit split?
Next Step Funded offers an 80% profit split on funded accounts.
Does Next Step Funded allow HFT?
Yes, High-Frequency Trading is allowed on funded accounts, making it one of the few prop firms to permit this strategy.
Is Next Step Funded available in the US?
Yes, Next Step Funded accepts traders from the United States.