Prop Firm Pick

FundedNext Discount Code

FundedNext provides a valuable opportunity for forex traders looking to excel in their trading journey. With a focus on financial empowerment, this platform offers funding of up to $300,000.

Country
UAE
Review
Year Created
2022
CEO
Abdullah Jayed

Firm Overview

Broker:
Platforms:

Consistency Rules

N/A

Firm Rules

Consistency Rule

  • No Consistency rule for all program

Copy Trading

  • Copy Trading is allowed between FN challenge accounts only and not on a funded account phase.
  • Total capital across all copy trading accounts must not exceed $300K.
  • The use of cloud-based third-party copier services like Social Trader Tools, Traders Connect, and Duplikum is prohibited.
  • Copy trading is strictly prohibited between FundedNext accounts and any other accounts (prop firms, personal) manual or software-based. Only VPS-based copiers are allowed, and only between your own FundedNext Challenge Accounts.

EA's

  • EA's are allowed, only works on MetaTrader 4 and MetaTrader 5.
  • EA must be customized to suit your trading style, Identical trades across accounts are not allowed.
  • Switching Between EA and manual trading is not allowed.

Minimum Trading Days

FundedNext's minimum trading day requirements vary by challenge type:

  • Stellar Lite, and Stellar 2-Step Challenges: Require a minimum of 5 trading days.
  • Stellar 1-Step Challenge: Requires a minimum of 2 trading days.
  • For FundedNext Accounts, there is no minimum trading day requirement for Stellar Lite, Stellar 1-Step, and Stellar 2-Step challenges.

News Trading

  • Allowed: Stellar & Stellar Lite accounts, with restrictions (Trades executed 5 minutes before and after a high-impact news event are subject to a 40% news profit split rule.)

Inactivity Rules

  • To avoid the account inactivity period, traders can simply login to their account at least once or execute a single trade within a period of 35 consecutive days.

Key Rules

  • You must use the same trading strategy and method (manual or EA) during both the Challenge and Funded Account. Switching between them is not allowed.
  • You cannot change asset classes or significantly increase risk/margin usage after passing the Challenge. Your trading style must remain consistent.
  • Traders flagged for risky behavior must risk no more than 1% per trade across all positions, use stop-losses, and follow disciplined risk management, violations may lead to account termination and profit deductions.
  • Use a single device with a unique IP address to avoid complications.
  • Account rolling is strictly prohibited, buying multiple evaluations to sacrifice some while passing others is considered a high-risk, luck-based tactic that violates FundedNext’s principles of skill and responsible trading. Violations may lead to restrictions on new purchases or lifetime allocation limits.

Payout Policy

Stellar 1-step

  • Every 5 days.

Stellar 2-Step

  • First payout is 21days, then 14days.

Stellar Lite

  • First payout is 21 days, then 14 days.

Important Note:

  • If payout is below $20, you can't withdraw.

Payout Limit for each Payout Method

USDT (TRC20):

  • Lowest Payout Amount: $20
  • Highest Payout Amount: $4,999

USDT (ERC20) and USDC (ERC20):

  • Lowest Payout Amount: $50
  • Highest Payout Amount: $4,999

RiseWorks:

  • Lowest Payout Amount: $50
  • Highest Payout Amount: No Limits

Payout Limits for TC Pay:

  • Lowest Payout Amount: $20
  • Highest Payout Amount: $5,000