[1 full explanation] FundedNext Proprietary trading Rules|How to make money with other people's money! ?

What is FundedNext?

FundedNext Is a proprietary Trading Firm headquartered in the United Arab Emirates and registered as a proprietary trading firm.Foreign exchange dealers(Forex Prop Firm)，Company statementIt is not regulated or approved by Canadian provincial securities regulatory agencies or U.S. commodity regulatory agencies, and is only subject to the regulatory framework for the marketing of financial products and services established by the Central Bank of the United Arab Emirates in accordance with Federal Law No. 10 of 1980, and has registered and operating offices in many countries such as the United Kingdom and Bangladesh.

This kind of "foreign exchange self-employed merchants" is one of the major categories of self-employed merchants. They mainly provide foreign exchange currency pairs as the main trading commodities, and similar funding models are also available. FTMO, While other categories also have self-employed merchants who focus on commodities, such as: Topstep Futures commodities are mainly used, but both belong to the way Funding Programs provide funds.

FundedNext's Funding Programs are to find a group of traders with money-making skills and provide them with funds to help the company make money. At the same time, traders can also share the profits. It is a kind of reciprocity model that is very common in financial markets.

A simpler description of this model is that you can choose for yourself how much the principal of the account is, the principal will be paid out, the risk will be borne by them, but you can divide the profit!

Therefore, from the very beginning of the evaluation process, there are strict risk control measures in place. Additionally, the initial registration fee increases as the size of the trading account capital grows.

This model offers an alternative option for those who have the skills to profit in the market but lack capital, instead of risking their hard-earned money to face market risks.

In addition, FundedNext does not hold customers' funds to trade, unlike brokers who need to continuously develop customers to use the platform to withdraw fees, so it does not need to be regulated by international financial institutions (just an international company).

When a trader passes the FundedNext qualification and obtains a formal fund account, all traders' fund accounts are held by Eightcap, the broker used by FundedNext. Eightcap is regulated by financial regulatory agencies such as ASIC and FCA, which is quite guaranteed.

What account types does FundedNext have?

Each prop firm has its own set of criteria for designing account types. For example, they may have different standards for conditions such as account balance, risk ratio, maximum daily loss limit, total loss limit, total profit target, challenge duration, and registration fee.

However, the account types in FundedNext are divided into Evaluation、Express、Stellar、Stellar Lite Four kinds.

In the evaluation mode account, there are two stages that need to be cleared; in the rapid mode account, there is only one stage that needs to be cleared.:

FundedNext – Evaluation

In the evaluation mode account, there are two stages to be assessed. After passing the assessment, you will get the real account. The principal of the real account is the amount of the initial demo account principal. After the real account is available, FundedNext has an expansion plan. In simple terms, it is to set some conditions so that traders still haveThe target can be operated.

Next, let's explain the detailed rules for different stages:

How to start the evaluation mode of FundedNext?

At the beginning, you must first choose the principal amount of the account: US 115,000, US225,000, US550,000, US。100,000, and US。 200,000.

Each type of account balance has its own corresponding rules, risk management parameters, profit targets, and registration fees.

The registration fee isTake a one-time paymentInstead of a monthly payment system (some self-employed merchants pay on a monthly basis), if you pass the assessment of the next stage of one or two, after you get the real account, you will be able to pay on a monthly basis.The full amount will be refunded when the real account is divided for the first time。

Demo account stage 1

After selecting the account balance, the actual evaluation process begins.

For the purpose of explanation, we'll use the $100,000 account balance as an example from here on.

• Maximum Daily Loss: $5,000 (5%)

The maximum daily loss amount is calculated as 5% of the initial balance. At any point during the day, if your floating loss or closed market loss exceeds $5,000 and your account equity balance falls below $95,000, you will be in violation of the rules.

If there is a profit on the same day, it will be added, and the maximum amount of loss on the same day will become ”5%+profit", but 5% will be reset the next day. If you want to let go of the night, please note that the official reset time for the maximum daily loss is 3AM GMT+2, and the profit/loss of the previous day (cleared) is notIncluded in the calculation, but the floating loss (uncleared) of the previous day will be included in the 5% calculation.

The maximum daily loss amount is DD (Daily Drawdown), and each prop firm calculates DD differently.

• Maximum Total Loss: $10,000 (10%)

The maximum total loss amount is calculated as 10% of the initial balance. At any point, if your floating loss or closed market loss exceeds $10,000 and your account equity balance falls below $90,000, you will be in violation of the rules.

• Challenge period: 28 days (4 weeks)

Within 28 days, you need to achieve the profit target without violating any rules, and if you have not violated any rules, but you have not reached the profit target for more than 28 days.，Unlimited free retakes for the same account, Until the goal is achieved during the challenge period.

• Minimum number of trading days: 10 days 5 days (updated on July 4, 2022)

The minimum number of transaction days means that there must be at least 5 days of transaction records, which do not need to be continuous, not that the goal must be achieved within 5 days.

Remarks:The latest official update starts on July 4, 2022, and the minimum number of trading days for all evaluation mode accounts is 5 days!

• Target Profit: $10,000 (10%)

The ratio is the same as the total loss. Calculating 10% from the initial capital is the target profit, which must be achieved within the challenge period.

• Profit split ratio: US 11,500 (15%)

In the first stage, as long as you reach the target profit of 10% or higher at the end, you can get 15% of the profit, but at this time, the profit will not be distributed to your account immediately. You have to wait until you get the real account later, and the first withdrawal will be made when the real account makes a profit again.Will be given together with the demo account stage.

Demo account Stage 2

In Phase Two, only the profit target and challenge period have changed; all other rules remain the same.

• Challenge period: 56 days (8 weeks)

Within 56 days, you need to achieve the profit target without violating any rules, and if you have not violated any rules, but you have not reached the profit target for more than 56 days.，Please note that you need to go back to the first stage to take the exam. It is also free to retake the exam, but it is just to knock it out and start over.

• Target Profit: $5,000 (5%)

The proportion of total loss is the same as that of total loss. 5% of the principal is the target profit, and the goal must be achieved within the challenge period.

• Profit split ratio: The same as the same is 1,500 US dollars (15%)

The same as the first stage, as long as there is a higher profit, you can get 15% of the profit, but you have to wait for the real account to make a profit again. When the first withdrawal is made, it will be given together with the profits of Stage 1 and Stage 2.

Funded account

After passing the two phases with the simulated account, you will receive a real account (funded account). The initial capital will be the same as the capital chosen at the beginning.

Once the real account starts, there is no target profit and no challenge period pressure. As long as the previous rules are not violated, it will always remain a real account and will not revert to a demo account.

The principal amount at the time of each month is the original selected account principal amount，If you make a profit and withdraw the money, the principal will be reset to the original amount, But the official calculation of the total profit amount will help you accumulate, and this accumulated amount will be used to evaluate the conditions for achieving the expansion plan or not.

AndThe profit-sharing ratio of the real account is 80%, which means that from this moment on, 80% is the lowest profit-sharing ratio., 15% of each of the previous two stages of the demo account was given by FundedNext.

If you make a profit at this time, you can get it when you withdraw the money for the first time.: The profit of the real account is divided into 80% + the profit of the two-stage simulation + the full refund of the registration fee.

Scaling Plan

There is no challenge period and profit target for real accounts, but ifAchieve the 10% profit target within 4 months in the real account, You will get better conditions.

• Account funding limit: +40%

From the beginning of the account amount +40%, once added, the monthly reset amount starting from the next month (the next trading cycle) will become the final total, which can be increased to a maximum of 4 million US dollars.

• Profit split ratio: 90%

Once the conditions of the expansion plan are successfully met, the profit distribution will increase from 80% to 90% from next month (the next trading cycle), and the 90% profit distribution conditions will apply in the future.

FundedNext (Evaluation) Other precautions

• Reset account

As mentioned earlier, if you do not violate the rules and the balance is positive (greater than or equal to the initial account funds), you can retake the exam for free. In stage one, you will retake the exam, and in stage two, you will have to go back to stage One to retake the exam.

However, if you violate the rules at stage one, it is okay to retake the exam, but you will need a reset fee (because of the violation of the rules). The reset fee will be cheaper than re-registering a new account, which can also be considered.

AndIf the rules are violated in stage two, the reset function will not be applicable.Yes, that is, in stage two, only if you do not violate the rules but fail to achieve the profit goal during the challenge period and return to the stage one test. Once you violate the rules, you can only spend the registration fee again and choose a new account to take the test.

In addition, there is no limit to the number of resets, so you can keep resetting until you get the real account, but the premise of resetting is to violate the rules, so try not to violate the rules instead of resetting all the time.

The following is the reset fee for each account quota:

• Profit sharing time

The profit-sharing time has the same meaning as the trading cycle.

Only if the profit target is increased, you need to make a 5% profit within 8 weeks, and the other conditions remain the same.

• News trading rules

Newsable transaction

• Weekend position rules

Can hold positions on weekends

FundedNext (Evaluation) registration fees and Rules

When you select the mode, you will see additional options for ”Swap Account” and ”Swap Free Account". Due to personal or religious relationships, it is forbidden to pay or collect interest, so you can choose by yourself. ”Swap Free Account" means that interest is paid or collected by FundedNext absorbs, so the registration fee is more expensive than ”Swap Account”.10%, if there is no special demand, generally choose ”Swap Account”.

The table below takes Swap Account as an example.

FundedNext Registration discount

Enter discount code 【PFXFN】 on the registration page to enjoy a 105% refund of the registration fee

FundedNext -Express

How to start the Express mode of FundedNext?

There are also different account amounts to choose from: US 1 15,000, US2 25,000, US5 50,000, and US1 100,000. In the Express mode account, there is no US额度 200,000 limit.

And from 2022/11/18, the Express mode non-consistent account option will be added!

Demo account stage 1

After selecting the principal amount of the account, the real assessment will follow. For convenience, the following will take the amount of US美元100,000 as an example.

• Maximum Daily Loss: $5,000 (5%)

5% of the principal calculation is the maximum amount that can be lost every day. At any time of the day, if the loss exceeds US 5 5,000 and the net account balance is less than US 9 95,000 during floating losses or when the market is closed, the rules will be violated.

If there is a profit on the same day, it will be added, and the maximum amount of loss on the same day will become ”5%+profit", but 5% will be reset the next day. If you want to let go of the night, please note that the official reset time for the maximum daily loss is 3AM GMT+2, and the profit/loss of the previous day (cleared) is notIncluded in the calculation, but the floating loss (uncleared) of the previous day will be included in the 5% calculation.

The maximum daily loss amount is DD (Daily Drawdown), and each prop firm calculates DD differently.

• Maximum Total Loss: $10,000 (10%)

The maximum total loss amount is calculated as 10% of the initial balance. At any point, if your floating loss or closed market loss exceeds $10,000 and your account equity balance falls below $90,000, you will be in violation of the rules.

• Challenge period: None

• Minimum number of trading days: 10 days/4 weeks (both demo account and subsequent real positions are required)

• Target profit: None (The profit of 25% in the picture above refers to the conditions for obtaining a real account, not the monthly profit target)

• Profit split ratio: US 11,500 (15%)

In the demo account stage, there is no profit target every month. As long as there is a profit, you can divide the profit by 15%, and until the profit is 25%, you can get the real account, and the proportion of profit will increase.

Funded account

• Consistent account

The principal amount is the original selected account principal amount, which is the same as the evaluation model.，If you make a profit and withdraw the money, the principal will be reset to the original amount, But the official calculation of the total profit amount will help you accumulate, and this accumulated amount will be used to evaluate the conditions for achieving the expansion plan or not.

• Non-consistent account

When you reach 25% profit in the exam stage, enable a real account, and the funds in the real account are 25% of the exam funds. For example, if you choose 100,000 funds for the exam and make a profit of 25%, you will also get a real position of 25,000. It is different from the real account. Pay special attention to it. (Refer toOfficial update instructions)

The two accounts share 60% of the profit from the first withdrawal of the real account, and then get 75% of the profit from the second withdrawal, and 90% of the profit from the third withdrawal.

Scaling Plan

If the profit is maintained and the withdrawal is made in the first 3 months, the profit distribution will remain at 75%, and if the expansion plan is reached in the 4th month, the profit distribution will remain at 75%.: Achieve 10% profit target within 4 months, You will get better conditions.

• Account funding limit: +40%

From the beginning of the account amount +40%, once added, the monthly reset amount starting from the next month (the next trading cycle) will become the final total, which can be increased to a maximum of 4 million US dollars.

• Profit split ratio: 90%

Once the conditions of the expansion plan are successfully met, the profit distribution will increase from 75% to 90% from next month (the next trading cycle), and the 90% profit distribution conditions will apply in the future.

FundedNext (Express) Other precautions

• Transaction consistency (only applicable to consistent accounts)

In this mode, you can choose accounts with consistent or non-consistent rules. The following are the rules for consistency.

This regulation is to help traders maintain their trading habits and ensure that they can make profits in a consistent manner every week. 

If you violate the rules, you do not need to reset your account, but the profit sharing of the current transaction cycle will be suspended and the account will be reset the next week.

The evaluation criteria for transaction consistency areNumber of transactions and number of lots traded, Will be evaluated once a week.

• Reset account and refresh account

If you violate the rules, you can choose to re-create an account or reset your account. The reset fee is cheaper than the registration fee.

However, if you have not violated the rules, but want to refresh your account (Top-up) There will also be additional discounts.

The following are the reset and refresh costs for consistency and non-consistency:

• News trading rules

This rule is because the market for the release of certain data will fluctuate violently. In order to avoid taking too much risk, there are regulations inThe examination stage of Express mode and the real account time，High-impact datapublish5 minutes before and afterPending order transactions cannot be opened before and after (the positions already held are not counted).

And which ones areHigh-impact dataYou can view ”High” and mark it in the backgroundredEvents, while ”Low” and "Medium" are not within the rules.

• Rules for staying overnight in the warehouse

Overnight positions are allowed from Monday to Friday on weekdays, but all positions must be closed 15 minutes before the market closes on Friday, which means that trading cannot be done on weekends.

• Additional purchase options

1. The profit share is 95% for life, and the registration fee is +30%
2. Refund of 150% of the registration fee, +10% of the registration fee%

FundedNext (Express) Registration fee rules:

FundedNext Registration discount

Enter discount code 【PFXFN】 on the registration page to enjoy a 105% refund of the registration fee

FundedNext -Stellar

Following the launch of the new modes of Evaluation and Express, Stellar provides one-stage or two-stage assessment, and you can choose which mode you want.

FundedNext Registration discount

Enter discount code 【PFXFN】 on the registration page to enjoy a 105% refund of the registration fee

FundedNext -Stellar Lite

Stellar Lite is a two-stage challenge mode.

FundedNext Registration discount

Enter discount code 【PFXFN】 on the registration page to enjoy a 105% refund of the registration fee

Comparison of four modes of FundedNext

When you choose the three modes, you will see additional options of ”Swap Account” and ”Swap Free Account". Due to personal or religious relationships, interest payment or collection will be prohibited, so you can choose by yourself. ”Swap Free Account” means that interest payment or collection is absorbed by FundedNext, so the registration fee is higher than ”Swap Account”.10% more expensive, if there is no special demand, generally choose ”Swap Account”.

In addition, Evaluation and Stellar can purchase a profit share of up to 95%, which is +20% of the registration fee; Express is +30% of the registration fee.

Trading environment and precautions

• Trading Instruments

FundedNext provides commodities toCurrency pairFor bulk:

1. 46 currency pairs, includingMainstream currency pairs and cross currency pairs
2. Index commodities: Dow Jones (US30), German Index (GER30), Nikkei Index (JPN225), etc.
3. Precious metals: gold (XAUUSD), silver (XAGUSD)

• IP issues

Because FundedNext often catches inconsistencies between the account number and the IP address, there is a special announcement for this description. If you do not use different IP addresses for your own account to trade, if you hold multiple accounts, do not use the same IP address to trade, and it is also forbidden to trade the same list with different IP addresses (for example, use another person's EA to trade). Please check for detailsOfficial description。

• Leverage

Both account types provide 100 times leverage (1:100); Stellar 1-Step provides 30 times leverage (1:30)

• Withdrawal Methods

You can withdraw funds from the client's back office at the end of the trading cycle. For the withdrawal cycle of different modes, please refer to the table above to organize the form.

Supported payment methods include: Perfect Money, USDT/Tether, BTC, Deel (bank transfer, Coinbase, PayPal, Payoneer, Revolut, Wise, Deel card)

You can receive the payment within about 1-3 working days.

Comparison of FundedNext with other self-employed merchants

Comparison of FundedNext and FTMO

Read More: Comparison of complete FundedNext and FTMO

Comparison of FundedNext and E8 Funding

Read More: Comparison of complete FundedNext and E8 Funding

E8 Funding registration discount

On the registration page, enter Discount code 【REB8】 to enjoy an 8% discount on the registration fee. (Only applicable to E8 Account and ELEV8 Account modes)

Comparison of FundedNext and The5%ers

Read More: Comparison of complete FundedNext and The5%ers

The5%ers Registration Discount (Discount Link)

You must click the discount link (no discount code needed), and a -5% registration fee discount will be automatically applied at the checkout payment page.

FundedNext self-operated evaluation

Assessment account profit sharing

Whether it is in the evaluation mode or the rapid mode account type, the profit sharing begins at the evaluation stage, which is what many self-employed merchants lack, which is also relatively easy for traders.

Because in the stage of evaluating the account type, if you do not violate the rules but exceed the challenge period, you can retake the exam for free, so you may as well not violate the rules at the beginning as the goal, as long as you do comply with the rules, wait for the opportunity to achieve the profit goal.

However, 15% of the profit is divided in the assessment phase, and the profit target in the assessment phase is divided into 15% of the profit to the trader. Only after the first month of the funded phase after passing the assessment can the profit be withdrawn.

Full Refund of Registration Fee

At the beginning, there were different account types to choose from. The principal amount of each type was different, and the larger the principal, the more expensive the registration fee.

The registration fee is a one-time payment. As long as you pass the subsequent assessment later, it will be refunded in full together with the profit sharing in the simulation stage.

Active community

Most of these self-employed merchants are of an international nature, and traders come from all over the world, so it is important to maintain them together. The success of verifying a self-employed merchant can also be seen from their activity in the community.

And FundedNext communityVery active, sometimes when a trader successfully passes the assessment, there will be a form of issuing a certificate to congratulate him in the Facebook community~

Special discounts are released from time to time

Sometimes special discounts will be launched from time to time. For example, a certain model will get a few discounts. The information will be announced in the official announcement. I will also update the article when the official announcement of the discount information, or join the one I created.Telegram group, Everyone will be notified in the group as soon as possible.

This site also has a discount code with the official application，Enter [pfx168] in the Coupon code on the registration page to enjoy a -5% discount on the registration fee。

Provide a free practice account

FundedNext has also launched a free practice account, which provides traders with a practice account to test first.

Read only account

FundedNext provides traders with a unique account number, so they can know in advance whether the trading environment conforms to their own trading style.

Who is FundedNext suitable for?

If you have been using the simulated position to practice for a period of time, the result is not bad, you have the technology, but you lack funds, you can also pay to sign up for FundedNext's trader assessment, after the exam, they will give you an account, they pay the principal, they bear the risk, but the profit can be divided.

In addition to the advantages of this model itself, FundedNext also has quite a lot of advantages over other self-operated merchants. For example, if you have a demo account, you will calculate the profit sharing, the profit sharing ratio of the two account types is as high as 90%, and the registration fee is refunded in full. , Etc., Which can be regarded as the advantage of assembling many foreign exchange self-operated merchants,If you don't have a clue which franchisee you want to choose, this is also one of the recommended franchisees.

If you are one of the following types of people, you can consider using this model.

• Skilled but lacking capital

• Want to train different mindsets with higher capital

• Don't want to risk losing your own capital

• Want to establish your own trading discipline

How to start using FundedNext?

• Step 1

First understand the model of a self-employed merchant and choose a self-employed merchant instead of a broker. (Of course you can also do it at the same time)

• Step 2

Understand the rules, risks, profit targets, periods, etc. of each stage. After all, if you want to trade with other people's money, you need to comply with their regulations.

• Step 3

Choose the desired account type and account principal amount. It is recommended to choose the same principal amount as the simulated position, which will be relatively similar in mentality.

• Step 4

The operation of the simulation stage begins. All the rules are explained in detail. If necessary, you can save this article and come back to read it when you need it.

After signing up, there will be a dedicated account manager. You can also contact him directly if you have any questions, but they must be all in English. You can also use Google Translate during the communication process.

• Step 5

Maintaining the regulations and consistency of trading, and trading without violating the regulations is a good initial goal, because under their regulations, it is still possible to lengthen the front line by time. Of course, it is best if you can make a direct profit.

Various QA's about foreign exchange proprietary traders

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Risk Warning:

Forex and Contract for Difference (CFD) margin trading carries a high level of risk and may not be suitable for everyone. The high degree of leverage can work against you as well as for you. Before deciding to trade forex and CFDs, you should carefully consider your trading objectives, level of experience, and risk appetite. You may sustain a loss of some or all of your initial investment. You should be aware of all the risks associated with forex and CFD trading, and seek advice from an independent financial advisor if you have any doubts.

Please note that before deciding to purchase any retail proprietary trading firm challenge, you should carefully consider the company's challenge trading objectives, drawdown risks, and various rules. You may lose part or all of your initial funds used to purchase the challenge account.

Some proprietary trading firms (Prop Firms) provide all accounts to clients with virtual funds in simulated accounts. All trades are conducted only in a simulated environment. For details, please refer to the announcements on the official websites of each prop firm.