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Where are you located? | FundedNext is a global proprietary trading platform with its headquarters situated in the United Arab Emirates (UAE). While based in the UAE, FundedNext is actively conducting operations in both the UAE and Bangladesh. https://prnt.sc/QX2UeH4QrsV-
FundedNext Headquarters Location:
Office No- 7, AI Robotics HUB, C1 ... |
Is FundedNext regulated? | FundedNext is a registered trademark in the UAE and is officially based in Ajman, UAE. It operates under a distinctive framework and is not subject to conventional financial regulations.
It's important to note that FundedNext doesn't handle client funds or conduct trading on behalf of the public. Due to this unique a... |
Is FundedNext regulated under USA or Canadian jurisdiction? | FundedNext operates within the regulatory framework of the United Arab Emirates (UAE). As a result, FundedNext's services remain unaffected by regulatory actions in Canada, ensuring traders can continue trading with confidence while maintaining the policies of the platform. We are committed to providing our traders wit... |
Why should I join FundedNext? | FundedNext believes that choosing the right prop trading firm is essential for achieving success in a trader's trading endeavors. Here are eight compelling reasons for traders to consider joining FundedNext and experiencing its unique benefits:
15% Profit Share: FundedNext proudly offers an outstanding 15% Profit Shar... |
How do I claim the 15% Profit Share? | FundedNext traders are eligible for a 15% Profit Share from the Challenge Phase with their payout, provided they meet specific growth targets by the end of the Trading Cycle in their FundedNext Account. This rule applies to all traders participating in the FundedNext Challenge, with the exception of the Stellar Lite Ac... |
What do you mean by no time limit? | FundedNext's Stellar and Express Models offer traders the freedom to pursue their profit targets in the Challenge Phase without any time constraints. This flexibility allows traders to use their strategies effectively and pass the Challenge at their own pace.
However, the Evaluation Model is subject to a time limit i... |
What is Balance-Based Drawdown? | FundedNext offers Balanced-Based Drawdown, which calculates drawdowns based on the starting balance of a trading account. For example, if an account starts with $100,000, drawdowns are measured relative to this initial balance, irrespective of daily fluctuations.
Watch our explanatory video for a clearer understandin... |
What is the difference between Balance-Based Drawdown and Equity-Based Drawdown? | Balance-Based Drawdown and Equity-Based Drawdown are two distinct methods for managing risk in trading. They differ in how they consider your trading account balance and when they trigger your loss limit.
Balance-Based Drawdown: Regarding the balanced-based drawdown, it means that the drawdown is calculated based on t... |
What is the Spread of the trading account? | At FundedNext, we commit to offering traders the lowest possible Spread, surpassing even the typical rates of ECN accounts. For a comprehensive view of our Spreads, please take a look at this. https://fundednext.com/symbols?_gl=1*x777ny*_gcl_au*MTc4NDQzNjcwMi4xNzI3ODQ1NjA4*_ga*ODQ5OTEyLjE3Mjc4NDU2MDg.*_ga_6SQKKR64XD*MT... |
What is the Commission of the trading account? | A commission refers to a fee traders pay for each trade they make using the firm's capital. This cost is deducted from the trader's profits before the earnings are split between the trader and the firm. In forex markets, prop trading firms may charge a commission based on the volume traded.
At FundedNext, traders a... |
Are any countries restricted on FundedNext? | FundedNext values its diverse community of traders around the world. While its aim is to provide equal trading opportunities to individuals worldwide, due to certain constraints, FundedNext has decided to restrict access to its services for residents of certain countries. As of now, residents of Bangladesh, North Korea... |
What is FundedNext's Brand Promise? | Get Paid in 24 Hours or get paid $1000 Extra!
FundedNext's Brand promise encompasses guaranteed Payouts, fast processing times, and compensation in case of rare delays. It's a commitment to prioritize traders' success through actions, not just words. Here's what it entails:
Guaranteed Payouts: Traders receive their ... |
Can you explain the $1,000 compensation promise of FundedNext's Brand Promise? | The $1,000 compensation promise underscores FundedNext's dedication to timely Payouts, assuring traders that punctuality is paramount. In the rare event of a delay, this pledge ensures traders aren't just acknowledged but also compensated. Here's how it operates:
Compensation Trigger: The $1,000 compensation applies ... |
When will the countdown for the 24-hour payout period begin? | FundedNext's 24-hour Payout period begins when a trader submits a Payout request. Here's how it works:
Upon submission of a Payout request, the 24-hour countdown begins. Traders should note that if the Trading Cycle ends without any Payout requests, automatic Payouts won't proceed. The countdown starts only when a tra... |
What happens if a trader's trading activity doesn't meet FundedNext's rules? | FundedNext operates with a commitment to integrity and fair play. If it is discovered that a trader's actions fall outside of FundedNext's trading standards after they have become eligible for a Payout, here's how the situation is handled:
Honor the Payout: FundedNext will still honor a certain percentage of the Payou... |
What is the timeframe for FundedNext to process payouts? | FundedNext commits to processing Payouts within a 24-hour timeframe. Here's what it entails:
Start of Timeframe: The 24-hour period begins when a trader initiates a Payout request.
During the Timeframe: FundedNext's operations team works within these 24 hours to process the Payout, completing all internal checks and ... |
What will be my Profit Share from the Stellar Lite Challenge? | FundedNext doesn't offer any Profit Share from Challenge phase in the Stellar Lite Plan. It means traders won't get any 15% Profit Share from the Challenge phase of the Stellar Lite Plan.
However, upon reaching the FundedNext Account, traders will get an 80% Profit Share and can be eligible for a 90% Profit Share thr... |
What is the Profit Target of the Stellar Lite Challenge? | The profit targets for the Stellar Lite Challenge are as follows:
Stellar Lite Challenge Phase 1: 8% profit target, no time limit
Stellar Lite Challenge Phase 2: 4% profit target, no time limit
FundedNext Account: No profit target
Please refer to the below image for details about the Profit Target of the Stellar... |
How many days will I get to complete Phases 1 & 2 of the Stellar Lite Challenge? | There are no time restrictions for completing both Phase 1 and Phase 2 of the Stellar Lite Challenge. Traders have the freedom to take as much time as they need to fulfill the requirements of each phase. |
What rules do I need to follow in the Stellar Lite Challenge? | To ensure a successful trading journey in the Stellar Lite Challenge, it's essential to adhere to the following guidelines and restrictions:
Maximum Daily Drawdown: Traders are allowed a maximum daily drawdown of 4% of their initial account balance.
To get more information regarding the maximum daily drawdown, kindl... |
Can I Reset my Stellar Lite Phase 2 account? | Traders will have the option to Reset their account in Phase 2 of their Challenge Account allowing them to restart their trading journey smoothly with FundedNext.
However, it's crucial to understand that:
Choosing to Reset in Phase 2 entails restarting the journey from Phase 1 again.
When a Reset is requested for... |
Can I receive the FundedNext Account if I achieve the Profit Target in less than 5 days? | Traders are required to complete a minimum of 5 trading days in each Challenge Phase even if they achieve the profit target earlier.
For instance, if a trader attains the profit target in a Phase 1 Stellar Lite $50,000 Account within 3 days, they must trade for an additional 2 days to fulfill the Challenge Phase requ... |
What happens after I pass each Challenge Phase of the Stellar Lite Challenge? | Once a trader successfully reaches the profit target after trading for at least 5 days in Phase 1 of the Stellar Lite Challenge, a button labeled "Next Phase>>" will appear on their account Dashboard. By clicking on this button, the trader will immediately gain access to a Phase 2 account.
Alternatively, if a trader ... |
Is News Trading allowed in the Stellar Lite Account? | Yes, News Trading is permitted in all available account Models in FundedNext, excluding the Express Model. However, traders are encouraged to take into account certain considerations when engaging in trading during news hours: https://prnt.sc/W7oL_Klwg7UJ
If a trader decides to initiate trades during news hours, Funded... |
Is there a Minimum Trading Day requirement and Profit Target in the FundedNext Phase of the Stellar Lite Model? | In the FundedNext Phase of the Stellar Lite Challenge, there is no Profit Target or Minimum Trading Day requirement; however, a specific Trading Cycle applies.
After receiving the FundedNext Account, traders’ Profit Share increases to 80%. The first payout occurs after 21 days, followed by subsequent payouts every tw... |
When do I get the Reward Bonus in the Stellar Lite Model? | Once a trader receives their FundedNext Account in the Stellar Lite Model, they will receive a Reward Bonus equal to the purchase price of their account with their 3rd Payout. If a Reset was made during the Challenge Phase, the trader will receive a Reward Bonus of their last Reset fee, not the account purchase fee.
... |
What is the Trading Cycle Count in my Stellar Lite FundedNext Account? | The trader's first Trading Cycle lasts for 21 days, and they receive their first Payout after this period. Following that, each Trading Cycle is two weeks (14 days) long, with a Payout afterward.
For example, if the trader's cycle begins on August 1st, it ends on August 21st. Then, the next 14-day Trading Cycle start... |
What rules do I need to follow in the Stellar 1-Step Challenge? | To ensure success in the Stellar 1-Step Challenge, it's crucial to follow these guidelines and restrictions:
Maximum Daily Drawdown: Limited to 3% of the initial account balance per day.
To get more information regarding the maximum daily drawdown, kindly click here: https://help.fundednext.com/en/articles/8019914... |
What happens after I pass the Challenge Phase of the Stellar 1-Step Challenge? | Upon successfully reaching the profit target and completing the Minimum Trading Days of the Stellar 1-Step Challenge, the system will conduct an automatic profit check at the end of that trading day.
If traders have complied with all the rules and have achieved the profit target, a pop-up message will appear on their... |
Can I get the FundedNext Account if I reach the 10% profit target before 2 days? | Fundednext offers a Minimum Trading Days of 2 days for a Stellar 1-Step Challenge, traders must trade for at least 2 days even if they reach the profit target earlier.
Once the trader reaches the 10% profit target in their account by trading for at least 2 days and by complying with all the rules, they will be eligib... |
What is the Profit Target of the Stellar 1-Step Challenge? | The profit target of the Stellar 1-Step Challenge is as follows:
Stellar 1-Step Challenge Phase: 10% with no time limit.
Please refer to the image below for details about the Profit Target of the Stellar 1-Step Challenge Phase: https://prnt.sc/1cQS1mqU9UF6
Stellar 1-Step FundedNext Phase: No profit target |
Is there a Minimum Trading Day or Time Limit to complete the Stellar 1-Step Challenge? | There is no time limit for completing the Stellar 1-Step Challenge. Traders have the freedom to take as much time as they need to complete it.
However, traders need to complete 2 Minimum Trading Days to pass the Challenge Phase. Traders must open a trade on a unique day to make the day count as a trading day. For exa... |
What will be my Profit Share from the Stellar 1-Step Challenge? | FundedNext offers a 15% Profit Share from the Challenge Phase in the Stellar 1-Step Plan. Traders will receive the 15% Profit Share from the Challenge Phase of the Stellar 1-Step Plan upon reaching 10% growth in their FundedNext Account.
Moreover, upon reaching the FundedNext Account, traders will get a 90% Profit Sh... |
When do I get the Reward Bonus in the Stellar 1-Step Model? | After successfully completing the Challenge Phase and receiving your FundedNext Account, you may request your Reward Bonus with your first withdrawal. The Reward Bonus must be requested as a payout and will be added to your total payout amount upon approval.
For example, if a trader purchases the Stellar 1-Step 6K ... |
Is News Trading allowed in the Stellar 1-Step Account? | FundedNext allows News Trading is in all available Accounts, excluding the Express Accounts. However, traders are encouraged to take into account certain considerations when engaging in trading during news hours:
Market volatility is notably high during news hours.
Spreads tend to be elevated.
Slippages are more lik... |
What is the Trading Cycle count in my Stellar 1-Step FundedNext Account? | The trader's first Payout occurs after 5 business days of trading on the FundedNext Account.
For instance, if the trader's cycle starts on August 1st, it ends on August 7th. It's crucial to understand that the trader's Trading Cycle span is 5 business days only. If they've made enough profit, a Withdrawal request can... |
What rules do I need to follow in the Stellar 2-Step Challenge? | To ensure a successful trading journey in the Stellar 2-Step Challenge, it's essential to adhere to the following guidelines and restrictions:
Maximum Daily Drawdown: Traders are allowed a maximum daily drawdown of 5% of their initial account balance.
To get more information regarding the maximum daily drawdown, ki... |
What is the Profit Target of the Stellar 2-Step Challenge? | The profit target for the Stellar 2-Step Challenge is as follows:
Phase 1: 8% profit target, no time limit
Phase 2: 5% profit target, no time limit
FundedNext Account: No profit target
Please refer to the image below for details about the Profit Target of the Stellar 2-Step Challenge Phase: https://prnt.sc/E0D... |
How many days will I get to complete Phases 1 & 2 of the Stellar 2-Step Challenge? | There are no time restrictions for completing both Phase 1 and Phase 2 of the Stellar 2-Step Challenge. Traders have the freedom to take as much time as they need to complete each phase.
However, there is a minimum trading day requirement to fulfill in Stellar 2-Step Model:
Phase 1: 5 Minimum Trading Days
Phase 2:... |
What will be my Profit Share from the Stellar 2-Step Challenge? | FundedNext offers a 15% Profit Share from Challenge phase in the Stellar 2-Step Plan. It means traders will get a 15% Profit Share from the Challenge phase of the Stellar 2-Step Plan upon reaching a 5% growth in their FundedNext Account.
However, upon reaching the FundedNext Account, traders will get an 80% Profit Sh... |
What happens after I pass the Challenge Phases of the Stellar 2-Step Challenge? | Once traders successfully reach the profit target of Stellar 2-Step Phase 1 by closing all running trades and trading for a minimum of 5 days, a button labeled "Next Phase>>" will appear on their account Dashboard as seen in this screenshot: https://prnt.sc/-HG8trX-jFig
By clicking this button, they will immediately g... |
Can I Reset my Stellar 2-Step Phase 2 account? | Traders will have the option to Reset their account in Phase 2 of their Challenge Account, allowing them to restart their trading journey smoothly with FundedNext.
It's crucial to understand that:
Choosing to Reset in Phase 2 entails restarting the journey from Phase 1 again.
When a Reset is requested for Phase 2, ... |
Can I get the FundedNext account if I reach account growth in 5 days? | Traders are required to uphold a minimum of 5 trading days in each Challenge Phase, even if they achieve the profit target earlier.
For instance, if a trader attains the profit target in Phase 1 of a $50,000 Stellar 2-Step Account within 3 days, they must trade for an additional 2 days to fulfill the Challenge Phase ... |
Is there a Minimum Trading Day and Profit Target in the FundedNext phase of Stellar 2-Step Model? | FundedNext doesn't impose any rules regarding Minimum Trading Day and Profit Target in the FundedNext phase of the Stellar 2-Step Model. Traders are required to uphold a minimum of 5 trading days in each Challenge Phase, even if they achieve the Profit Target earlier.
For instance, if a trader attains the profit targ... |
Is News Trading allowed in the Stellar 2-Step Account? | Yes, News Trading is permitted in all available account Models in FundedNext, excluding the Express Model. However, traders are encouraged to take into account certain considerations when engaging in trading during news hours:
Market volatility is notably high during news hours.
Spreads tend to be elevated.
Slippag... |
When do I get the Reward Bonus in the Stellar 2-Step Model? | Once the trader successfully completes the Challenge Phase and has received their FundedNext Account, the Reward Bonus will be added to their Payout when they request their first Withdrawal. This Reward Bonus is equivalent to either the initial account purchase price or the most recent Reset amount.
For example, trad... |
What is the Trading Cycle count in my Stellar 2-Step FundedNext Account? | The trader's first Trading Cycle lasts for 28 days, and they receive their first Payout after this period. Following that, each Trading Cycle is two weeks (14 days) long with a Payout afterward.
For example, if the trader's cycle begins on August 1st, it ends on August 30th. Then, the next 14-day Trading Cycle starts... |
What rules do I need to follow in the Express Challenge? | To ensure a successful trading journey in the Express Challenge, it is crucial to abide by the following guidelines and restrictions.
Maximum Daily Drawdown: Our maximum daily drawdown limit specifies that you are permitted to lose 5% of your initial account balance on any given day.
To get more information regar... |
What is the Profit Target of the Express Challenge? | The profit target for the Express Challenge is outlined as follows:
Express Challenge Account: The goal is to grow the account by 25% over time. There is no specific time limit to reach the 25% target; however, a trader must trade in 4-week Trading Cycles and trade for at least 10 days in each cycle.
Here's an examp... |
What will be my Profit Share from the Express Challenge? | With the FundedNext Express Challenge, traders can start earning from the very first month. In the Challenge Phase, traders will earn 15% of the profit generated in each Trading Cycle. Upon growing the account by 25% and receiving a FundedNext Account, traders will unlock a Profit Share of up to 90%.
For instance, le... |
How many days will I get to complete the Challenge Phase of the Express? | In the Express Challenge, there's no time restriction, granting traders the flexibility to take as much time as they need to complete the Challenge. However, it's crucial to maintain a minimum of 10 trading days in each Trading Cycle.
To meet this requirement, traders need to execute at least 10 individual and separa... |
Is there a time limit to reach the Profit Target in the Express Challenge? | FundedNext recognizes that traders have diverse trading styles and preferences in achieving their profit targets. In both the Express Consistency and Non-Consistency accounts, there is no time limit enforced for reaching the profit target.
Moreover, traders will be glad to learn that there is no monthly profit target... |
What happens after I pass the Challenge Phase of Express? | Upon achieving the required account growth and fulfilling the Minimum Trading Days requirement of the Express Challenge, our system will automatically conduct a profit check at the end of that specific day.
If all rules have been adhered to and the profit target has been met, a pop-up message will appear on the trade... |
How does the Express Consistency Rule work at FundedNext? | The Consistency Rule is only applicable to the Express Consistency Account.
Please find the Consistency Rule for our Express Challenge below:
Traders must keep consistency every week, which means staying within certain limits. A safe way to adhere to the consistency limits is to keep within +/- 200% of your weekly ... |
Do I need to follow the Consistency Rule in the Express Consistency FundedNext Account? | Traders will have to follow the Consistency Rule in the Express Consistency FundedNext Account. Consistency is beneficial for traders as it helps refine their trading skills and achieve steady gains each week.
However, some traders may prefer more flexibility in their trading approach. In such cases, Non-Consistency ... |
What happens if you fail to meet the Consistency Rule in the Challenge and FundedNext Account? | If a trader is in profit and has fulfilled the Minimum Trading Days requirement but fails to meet the Consistency Rule in their account, their account will be Reset to its initial balance. It's important to note that no profit will be shared and the account balance will revert to its initial amount.
On the other hand... |
How do Non-Consistency Express accounts differ from Consistency Express accounts? | In a Non-Consistency Express Account, traders have the freedom to hold trades overnight and over the weekend without being bound by any Consistency Rule. The FundedNext Account size will be 25% of the Challenge Account size.
While Consistency Express Accounts can be advantageous for traders in refining their skills a... |
Why is Weekend Holding not available on an Express-Consistency account? | To ensure adherence to the Consistency Rule, it is important for traders to regularly monitor and update the trading metrics of their account. This requirement is why holding positions over the weekend is not permitted.
Regularly reviewing and adjusting the metrics helps maintain consistency and accuracy in trading a... |
What FundedNext amount will I receive? | Here are the FundedNext amounts for both Consistency and Non-Consistency Accounts in the Express Challenge:
Consistency Account
Traders can start their journey with a $6,000, $15,000, $25,000, $50,000, $100,000, or $200,000 Challenge Account. Once they are eligible for a FundedNext Account, they receive the full amou... |
Can I get the FundedNext account if I reach 25% account growth in 10 days? | If a trader can achieve a 25% growth in their account by achieving the 10-day Minimum Trading Day requirement and adhering to all the rules, they will qualify for a FundedNext Account.
As the Minimum Trading Days for an Express Challenge are 10 days within every 4 trading cycles, traders must maintain this requiremen... |
What factors need to be considered in an Express Account? | Guidelines that must be upheld within the Express Account:
Express Non-Consistency Challenge Account
These are the circumstances under which your account will be breached.
If you refrained from trading during news periods, haven't met the minimum required trading days, and find your account in either profit or loss... |
How Does the Scale-Up plan work in the Express Account Model? | FundedNext offers a Profit Share amounting to 60% in the first Payout, 75% in the second Payout, and 90% in the third Payout during the FundedNext phase in the Express Accounts. Additionally, the Scale-Up functionality in FundedNext offers traders a 40% increase in the account balance, up to a maximum of 4 million, alo... |
What rules do I need to follow in Evaluation Challenge? | To ensure a successful trading journey Evaluation Challenge, it is crucial to abide by the following guidelines and restrictions:
Maximum Daily Drawdown: FundedNext's maximum daily drawdown limit specifies that you are permitted to lose 5% of your initial account balance on any given day.
To get more information re... |
What is the Profit Target and Time Limit of the Evaluation Challenge? | The profit target for the Evaluation Challenge is as follows:
Phase 1: 10% profit target within a 4-week Trading Cycle.
Phase 2: 5% profit target within an 8-week Trading Cycle.
FundedNext Account: No profit target
Please refer to the below image for details of the profit target in the Evaluation Challenge: ht... |
How many days will I have to complete Phase 1 and Phase 2 of the Evaluation Challenge? | Evaluation Phase 1: For Phase 1 you'll get a 4 trading weeks cycle.
Evaluation Phase 2: For Phase 2 you'll get an 8 trading weeks cycle.
But if you want, you can complete both of the Challenge Phases by following all the rules and maintaining 5 minimum trading days on each Phase. |
What happens after I pass the Challenge Phases of Evaluation? | Once traders successfully reach the profit target of Evaluation Phase 1 by closing all their open trades and trading for a minimum of 5 days, they will discover a button labeled "Start Next Phase" in their account Dashboard. Clicking on this button will immediately grant access to the Phase 2 account.
Alternatively, ... |
What will be my Profit Share from the Evaluation Challenge? | FundedNext offers a 15% Profit Share from Challenge phase in the Evaluation Plan. It means traders will get a 15% Profit Share from the Challenge phase of the Evaluation Plan upon reaching a 5% growth in their FundedNext Account.
However, upon reaching the FundedNext Account, traders will get an 80% Profit Share and ... |
Can I request an extension for the Evaluation Challenge? | Traders can request an extension for Phase 1 of the Evaluation Challenge under specific criteria:
Traders must grow their account by more than 5% (balance and equity) before applying for a 14-day extension.
Traders have already traded for a minimum of 5 days within the Trading Cycle.
Traders cannot breach any rules ... |
Can I reset my Evaluation Phase 2 Challenge? | Traders will have the option to Reset their account in Phase 2 of their Challenge Account allowing them to restart their trading journey smoothly with FundedNext.
It's crucial to understand that:
Choosing to Reset in Phase 2 entails restarting the journey from Phase 1 again.
When a Reset is requested for Phase 2, a... |
Can I get the FundedNext account if I reach the Profit Target in 5 days? | Absolutely. As long as traders meet the profit target and adhere to all the rules, they are encouraged to proceed to the next step in as little as 5 days for each phase.
This means traders only need to execute a minimum of five individual and separate trades per Trading Cycle. For instance, if the Trading Cycle start... |
How many free retakes can I avail in the Evaluation Challenge? | FundedNext offers traders the chance to retake the FundedNext Evaluation Challenge for free. To qualify for a free retake in the FundedNext Evaluation Challenge, traders must meet the criteria mentioned in the image below: https://prnt.sc/vu0w1a5DtrM-
There is no limit on free retakes in the Evaluation Challenge.
I... |
Is News Trading allowed in the Evaluation Account? | Yes, News Trading is permitted in all available account Models in FundedNext, excluding the Express Model. However, traders are encouraged to take into account certain considerations when engaging in trading during news hours:
Market volatility is notably high during news hours.
Spreads tend to be elevated.
Slippag... |
When do I get the Reward Bonus in the Evaluation Model? | After successfully completing the Challenge Phase and receiving your FundedNext Account, you may request your Reward Bonus with your first withdrawal. The Reward Bonus must be requested as a payout and will be added to your total payout amount upon approval.
For example, if a trader purchases the Evaluation 6K Chal... |
What is the Trading Cycle count in my Evaluation FundedNext Account? | The trader's first Trading Cycle lasts for 28 days, and they receive their first Payout after this period. Following that, each Trading Cycle is two weeks (14 days) long with a Payout afterward.
For example, if the trader's cycle begins on August 1st, it ends on August 30th. Then, the next 14-day Trading Cycle starts... |
What factors need to be considered while maintaining an Evaluation Account? | These are the circumstances under which your account will be breached:
Breach due to exceeding the Daily Drawdown Limit
The Evaluation accounts can be breached if the trader exceeds the Daily Drawdown Limit in the account. If the account balance falls below 5% of the initial balance in a single day, during either Chal... |
What is the difference between the Evaluation and the Stellar Models? | Here are the differences between the Evaluation and Stellar Account Models: https://prnt.sc/-T4IpWHR2zNS |
What's the difference between Challenge and FundedNext Accounts? | Here are the key differences between a Challenge Account and a FundedNext Account:
Profit Share
Challenge Accounts: Traders receive a 15% profit share across all models except the Stellar Lite.
FundedNext Accounts: Traders can increase their profit share up to 90% as they progress through the FundedNext Phase. For ... |
What is the FundedNext Trade Master Cup competition about? | The Trade Master Cup is a prestigious monthly event designed for traders of all levels, from beginners to experienced professionals.
With a participation fee of just $35, this competition provides you with an opportunity to engage with the global trading community and rise above your peers by demonstrating your tradi... |
When Does the Trade Master Cup Take Place Each Month? | The Trade Master Cup follows a consistent schedule, ensuring an exciting and well-structured competition every month:
Start Date: The competition begins on the 7th of every month at 06:00:00 (GMT +2). If the 7th falls on a weekend, the event officially starts on that date, and trading commences as soon as the market o... |
What is the registration fee of the Trade Master Cup? | """The registration fee for the Trade Master Cup is a nominal $35. This fee grants you access to the competition, providing an opportunity to showcase your trading skills and compete for exceptional rewards.
The registration fee is non-refundable, and clients are not eligible for a registration fee refund on free acc... |
Can I Reset My Trade Master Cup Account? | Yes, you can reset your Trade Master Cup account. Here are the details:
Reset Fee: The reset fee for the Trade Master Cup is $35.
Reset Timeline: Resets are allowed up until the 19th of the month. For example, if you register for the January Trade Master Cup, you can reset your account anytime before January 19th. ... |
Is there a profit target in the Trade Master Cup? | Unlike the FundedNext Challenges, the Trade Master Cup has no set profit target. Participants have the freedom to grow their account balance as much as possible throughout the competition. At the end of the event, the trader with the highest account balance will secure 1st place.
This unique approach allows traders ... |
What are the daily and maximum drawdown limits in the Trade Master Cup? | Here’s a detailed breakdown of the daily and maximum drawdown limits for the Trade Master Cup:
Daily Loss Limit:
The Daily Loss Limit is 5% of your initial balance.
For example, if your account balance is $100,000, the maximum you can lose in a single day is $5,000.
If you hit this limit, the account will be brea... |
Are the Accounts in the Trade Master Cup Swap-Free? | All accounts in the Trade Master Cup are entirely Swap-Free. This means traders will not incur any swap or rollover fees on their positions, making the competition accessible and inclusive for participants from all trading backgrounds, including those who prefer to avoid interest-based transactions.
Whether you’re a... |
What are the differences between Free Competition and the Trade Master Cup? | The Trade Master Cup offers unique advantages that make it a preferred option for traders who want to trade competitively:
Limited Participants: With a cap of just 5,000 participants worldwide (excluding restricted countries), the competition provides a smaller pool of competitors, increasing your chances of winning.
... |
What instruments can I trade in the Trade Master Cup? | Here are the available instruments for trading in the Trade Master Cup:
💵 Currencies:
AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDSGD, AUDUSD
CADCHF, CADJPY, CHFJPY
EURAUD, EURCAD, EURCHF, EURGBP, EURHKD, EURHUF, EURJPY, EURNOK, EURNZD, EURSGD, EURTRY, EURUSD
GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPSGD, GBPUSD
MXNJPY,... |
Do I need to attend an interview to claim my prize? | The top three winners of the Trade Master Cup must participate in an interview to claim their prizes. This is a fantastic opportunity to share their trading journey, highlight their strategies, and inspire others in the trading community.
These interviews will also be featured in promotional materials, celebrating t... |
What is the rule regarding single trade profit in the Trade Master Cup? | The profit from a single trade cannot exceed 50% of the total profit. If a trade generates profit beyond this threshold, only 50% of the total profit will be included in the overall calculation, and any excess will be excluded.
For example, in a $100,000 FundedNext Account with a total profit of $10,000 across five wi... |
Can I copy trade in both my Challenge Account and the Trade Master Cup? | Copy trading between your Challenge Account and Trade Master Cup Account is not allowed. Each account operates independently to maintain a fair and competitive environment.
This ensures that all participants are evaluated based on their individual trading strategies and skills, without the influence of external facto... |
Can I participate in both the FundedNext Free Monthly Competition and the Trade Master Cup simultaneously? | Traders are welcome to participate in both the FundedNext Free Monthly Competition and the Trade Master Cup at the same time. This dual participation provides an incredible opportunity to challenge yourself in multiple events, showcasing your skills across different platforms.
Competing in both competitions allows y... |
What Are the Leverage and Commission Fees for Trade Master Cup Competition Accounts? | The Trade Master Cup offers competitive leverage and commission rates to ensure a fair and engaging trading environment for all participants.
Leverage:
The leverage is designed to balance opportunity and risk:
Forex Pairs: 1:30
Commodities: 1:10
Indices: 1:5
Commission:
The commission structure is straightforwa... |
What are the rules for the Trade Master Cup? | Starting Date: The Trade Master Cup starts on the 7th of every month.
Ending Date: The Trade Master Cup ends on the 21st of every month.
Account Size: Participants will receive a $100,000 trading account to showcase their skills and compete for top honors.
Maximum Participants: The Trade Master Cup can accommo... |
FundedNext Free Trial Rules | The Free Trial Account at FundedNext is a unique opportunity for participants to experience real trading conditions without financial risks. It's designed for traders to showcase their skills and understand our platform better. Free Trial Accounts follow a 1-step process.
Here's everything you need to know about Free... |
What is the FundedNext trading competition about? | The FundedNext Trading Competition is an exciting monthly event open to traders of all skill levels. It provides an opportunity for participants to demonstrate their trading skills and compete for attractive prizes. This competition creates a dynamic environment in which traders can fine-tune their strategies, compete ... |
Is the competition free? | Absolutely! The FundedNext Trading Competition is completely free for all participants. There are no entry fees or costs associated with joining, ensuring that traders from all backgrounds can compete without financial constraints. This approach provides a level playing field where traders can showcase their skills, co... |
What are the start and end dates & times of the competition? | The FundedNext Trading Competition begins on the 1st day at 6:00 AM (GMT+3) of each month and ends on the last day at 7:00 PM (GMT+3) of the same month. Mark these dates on your calendar to ensure you don't miss out on the chance to showcase your trading prowess and compete for remarkable prizes.
Please note: if the ... |
When and how can I register for each competition? | Get ready for an exciting journey! Registration for each FundedNext Trading Competition opens before the competition month begins. For example, if you want to participate in July's competition, you need to register between June 1st and June 30th. So, mark your calendars and don't miss your chance to join in!
Here's ho... |
What are the rules for the FundedNext Traders' Competition? | The FundedNext Trading Competition has a set of rules that participants must adhere to. Here are the key rules for the competition:
Single Account Registration: Each participant is allowed to register only one account using a single email address and IP address. Registering multiple accounts will lead to disqualificat... |
During the competition, am I allowed to trade during news events? | Absolutely! Traders are allowed to trade during news events throughout the Competition, granting them the flexibility to engage in the market during significant economic announcements, press releases, and other market-moving events.
However, it's crucial to exercise caution and implement proper risk management strate... |
During the competition, can we use the Trade Manager? | The use of the Trade Manager is not permitted in the Competition Account. This ensures a fair playing field where traders rely solely on their skills and strategies. All participants can showcase their expertise and excel based on their trading acumen and decision-making abilities. |
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