Fundednext account types and differences pose a variety of account types that are tailored to suit varying skill levels and trading methods. FundedNext developed into an advanced proprietary trading firm that provides traders with a variety of account kinds and cutting-edge funding options on a range of trading platforms. The firm sets itself apart with its extensive trading alternatives and adaptable evaluation models. This article will examine Fundednext account types and differences
Fundednext Account Size Options
There are six main account sizes offered by FundedNext:
- $6000
- $15,000
- $25,000
- $50,000
- $100,000Ā
- $200,000.
Account Features
- Maximum value of all accounts combined: $300,000.
- Potential portfolio scaling up to $4,000,000
- Up to 95% profit share
- Multiple trading platform support
Types of Evaluation Models
1. The Express Model
Characteristics:
- One-step evaluation procedure
- 25% growth goal
- No time restrictions
- 15% profit share during challenge phase
- Initial 60% profit split, scaling to 90%
2. The Stellar Challenge
Two-Step Evaluation
- Phase One: 8% is the target profit.
- Phase Two Profit Objective: 5%
- Daily maximum loss: 5%
- 10% is the maximum total loss.
3. Evaluation Model:
Features
- Unlimited retakes of the challenge
- Trading is permitted on weekends.
- Balance-based Drawdown
- Profit share of up to 90%
Trading Platforms Options
FundedNext is compatible with a number of trading platforms:
- MetaTrader 5 (MT5)Ā
- MetaTrader 4 (MT4)Ā
- cTrader
Trading Conditions
General Trading Rules
- Daily loss cap: 3-5%
- Overall loss limit: 6ā10%
- Minimum trading days: two to fiveĀ
- News trading is allowed
- Copy trading and algorithmic trading are permitted.
Structure for Profit Sharing
- Challenge Phase: 15% of the profits
- Profit share of 80% for the initial account
- Scaled Account: Profit share of up to 95%Ā
Unique Features of the Platform
- No time constraints while facing challenges
- Evaluation fees that are refundable
- Retrials are discounted by 10%.
- Five hours is the average withdrawal time.
- Drawdown is dependent on balance
- Support for global trade
Trading Tools
FundedNext provides a range of trading choices:
- 51 pairings of currencies (including those from exotic markets)
- Five commodities
- Thirteen indices
Pricing and Fees
The size and evaluation model have an impact on account fees.
- Lowest Package Cost: $32 for a $5,000 account
- Highest Package Cost: $3,000 for a $200,000 account
In conclusion
FundedNext is a prop trading platform made to support traders with different trading styles and ability levels. The firm gives traders a strong route to professional trading prospects by providing a variety of account types, adaptable evaluation procedures, and alluring profit-sharing plans.
The platformās numerous trading possibilities, creative features, and encouraging evaluation frameworks all demonstrate its dedication to trader success. A customized approach to each traderās unique objectives is ensured by the variety of account sizes and models available to them.
Frequently Asked Questions
1. What Evaluation Models Does FundedNext Offer?
FundedNext offers three primary evaluation models, they include:
- Express Model (One-Step Challenge)
- Stellar Challenge (Two-Step Evaluation)
- Evaluation Model
2. How Does Fundednext Profit Sharing Work?
- Challenge Phase: 15% profit share
- Initial Account: 80% profit split
- Scaled Account: Up to 95% profit split
3. Can Traders Reset Their Accounts?
- FundedNext offers unlimited retakes without additional fees, provided traders remain profitable and follow the rules
4. How Quickly Can A Trader Access A Funded Account?
- Traders can quickly and potentially access a funded account in as little as 10 trading days from signup.
5. Are Live Trading Accounts Provided?
- FundedNext provides demo accounts with simulated funds, which are then duplicated in live trading accounts managed by the firm