Funded trading programs have revolutionized how retail traders access capital, and FundedNext has emerged as a popular choice with its unique Two-Phase Challenge. But is it truly worth your time and effort? In this comprehensive FundedNext review, we’ll break down their program structure, profit splits, rules, and alternatives to help you decide if it’s the right funded trading opportunity for you.
FundedNext is a proprietary trading firm that offers funded accounts to forex and crypto traders through evaluation challenges. Founded in [Year], the company has gained traction for its flexible rules and competitive profit splits. Their flagship product—the Two-Phase Challenge—allows traders to prove their skills and potentially manage accounts up to $200,000.
How the Two-Phase Challenge Works
Unlike single-phase evaluations from competitors, FundedNext’s program consists of:
- Phase 1 (Verification): Reach an 8% profit target without violating drawdown rules (6% daily, 12% total)
- Phase 2 (Funded): Achieve an additional 5% profit with the same risk parameters
Successful traders receive a funded account with an 80%-90% profit split, depending on the account size.
FundedNext Two-Phase Challenge: Key Features
| Feature |
Details |
| Account Sizes |
$10,000 – $200,000 |
| Profit Targets |
8% (Phase 1), 5% (Phase 2) |
| Maximum Drawdown |
6% daily, 12% total |
| Profit Split |
Up to 90% |
| Trading Instruments |
Forex, commodities, indices, cryptocurrencies |
| Refundable Fee |
Yes (via first payout) |
| Feature |
FundedNext |
FTMO |
The5ers |
| Evaluation Phases |
2 |
1 |
1 |
| Minimum Profit Target |
8% + 5% |
10% |
6-10% |
| Profit Split |
80-90% |
70-90% |
50-100% |
| Drawdown Rules |
6%/12% |
5%/10% |
4-6% |
Pros and Cons of FundedNext
Advantages
- Higher profit splits (up to 90%) than many competitors
- Refundable challenge fee upon first payout
- Crypto trading allowed, unlike some proprietary firms
- No time limits on completing phases
- Scaling plan for consistent performers
Drawbacks
- Two-phase structure requires passing two evaluations
- Strict drawdown rules compared to some alternatives
- Limited educational resources for new traders
- No MetaTrader 4 support (MT5 only)
Who Should Consider FundedNext?
FundedNext’s Two-Phase Challenge is ideal for:
- Intermediate to advanced traders who can maintain discipline through two evaluation stages
- Crypto traders seeking funded accounts (rare among prop firms)
- Traders prioritizing high profit splits over quick funding
- Those comfortable with MT5 platform (no MT4 option)
If you’re a beginner, you might prefer funded programs with single-phase evaluations or more educational support.
Alternatives to FundedNext
If FundedNext’s structure doesn’t suit your trading style, consider these alternatives:
- FTMO: Single-phase challenge with strong reputation
- The5ers: Gradual account growth for forex specialists
- Earn2Trade: Combines education with funding opportunities
FundedNext FAQ
How long does the FundedNext challenge take?
There’s no time limit—you can take as long as needed to complete both phases. Most traders finish in 1-3 months.
Does FundedNext allow scalping and news trading?
Yes, FundedNext permits both scalping and news trading, unlike some proprietary firms.
What’s the minimum withdrawal amount?
$50 for most payment methods. Payouts are processed within 1-3 business days.
Can I use EAs (Expert Advisors)?
Yes, automated trading is allowed as long as you comply with drawdown rules.
Final Verdict: Is FundedNext Worth It?
FundedNext offers one of the most trader-friendly programs in the funded trading space, particularly for those comfortable with its two-phase structure. The high profit splits (up to 90%) and crypto trading availability make it stand out, though the strict drawdown rules require disciplined risk management.
Best for: Experienced traders seeking maximum profit potential from forex and crypto markets.
Not ideal for: Beginners or those wanting quick funding through a single evaluation.
Ready to test your skills? Visit FundedNext or explore our comparison of top funded programs to find your perfect match.
