Fundednext Review - Is It Legit? My Honest Opinion (2024)

To achieve a higher goal in Forex trading, you need a bigger capital. And this is where fundednext comes in. Fundednext offers traders with a large capital up to $300,000 with almost 90% of profit share. You can purchase any of this huge capital with as little as $49.

If you are a retail trader struggling with small capital this article is for you. As I will be giving a detailed review on Fundednext.

Growing a small equity like $150 can be hard as a beginner, but you can purchase a $15,000 funded account from Fundednext with just $119.

Let's say you have $150 in your equity, and you made 20% of it in one month, this will be $30. But you can use $119 to purchase $15,000, the same 20% is $3,000. Fundednext will be giving you 90% of this profit. Hope you are getting the gist?

What is Fundednext?

Fundednext is one of the leading proprietary firm companies that makes trading capital available for retail traders, with very good and accommodating rules compared to other prop firms out there.

How to create a Fundednext account:

1. To open a Fundednext account, >>Click here<< to redirect you to their official website.
2. Input your email, name, country and create your password.
3. Fundednext will send an OTP to verify your email.
4. Now, go ahead and login with the verified email and password.
5. After going through this article and creating an account with Fundednext, use Jonath1 as your discount code for any purchases you are making to get upto 10% discount.

How does Fundednext work?

Fundednext works by providing potential traders with huge funds up to $300,000 to trade the financial market and make big profits.

Fundednext is categorized into three (3):

1. Stellar challenge
2. Evaluation challenge
3. Express

1. STELLAR CHALLENGE:

The stellar challenge is divided into 2:

• The 1-step
• The 2-step

In these stellar features I will be comparing the 1-step and 2-step.

• Profit share from evaluation phase: Fundednext will pay you 15% profit of what you made on your evaluation phase after passing them. Let's say you pass phase one(1) and phase of two(2) of a $15,000 account. Which is 8% and 5% respectively. (8%+5%=13%.) And 13% of $15,000 is $1950. Then 15% of this profit ($1950) is $292.5. Fundednext will pay you $292.5 just for passing the challenge. Hope you are getting the gist!

• Evaluation phases: In the 1-step stellar evaluation, you only have one phase to pass. And once you pass the phase you will be funded automatically. But in 2-phase evaluation, you have two(2) phases of evaluation to pass before you will get funded.

• Profit target: In 1-step stellar evaluation, you are expected to get 10% of the profit, before being funded automatically with a real account. But in a 2-step evaluation, you are expected to pass a 2-step evaluation, the 1st profit target is 8% while the 2nd profit target is 5% before you will have access to a real account.

• Maximum daily loss: In 1-step stellar evaluation, the maximum daily loss is 3%. This implies that if you are purchasing a 1-step stellar evaluation, you are not meant to lose 3% of the account in a day. But in 2-step stellar evaluation, the maximum daily loss is 5%.

• Maximum overall loss: In 1-step stellar evaluation, the maximum loss is 6%. So if you lose up to 6% of the overall capital given to you, Fundednext will automatically take the account from you. But in 2-step evaluation, the maximum overall loss you will have in the capital is 12%.

• Drawdown type: Some prop firms calculate their drawdown base on equity, but Fundednext calculate their drawdown base on balance, this made them stand out from other propfirms. Drawdown based on balance is good for both day Traders and swing traders.

• Time limit: Both 1-step and 2-step stellar evaluation have no time limit. This means you can trade as long as you want.

• Minimum trading days: The minimum trading days is 5 days. You should trade on the account for a minimum of 5 days to get funded both in 1-step and 2-step stellar evaluation.

• Profit split: profit split in both 1-step and 2-step evaluation is 90%. Where you take 90% and Fundednext will take 10% which is very much massive.

• Leverage: both 1-step and 2-step evaluation have 1:100

• Refundable fee: Fundednext will refund you for any account you bought once you pass the challenge phase. Let's say you bought a $15,000 account for $119. And if you pass the evaluation phase and get funded with a real account, Fundednext will also refund you the $119 you used to purchase the account.

• Weekend holding: Yes, you can hold trade over the weekend in Fundednext.

• Expert Advisor: Yes.

• Trade Copiers: Yes

• Reset Discount: up to 10%

Between 1-step and 2-step stellar challenge which is better?

I think 2-step is better for newbies, as it allows you to take your time and pass the challenge and get funded. Pro Traders can jump into the 1-step challenge.

2. EVALUATION CHALLENGE:

The features in evaluation challenge include:

• Profit share from evaluation phase: Fundednext will pay you 15% profit of what you made on your evaluation phase after passing them. Just like stellar challenge.

• Profit target: Profit target in phase one is 8% while profit target in phase two is 5%. Once you pass these two phases, you will be funded automatically with a real account.

• Maximum daily loss: The maximum daily loss is 5%. Don't lose 5% of the account on a particular day.

• Maximum overall loss: The maximum overall loss is 10%. Let's say in a $15,000 account. One is not expecting to lose $1500 (which is 10%) overall of the capital.

• Drawdown type: The drawdown type is balance based. So your drawdown will always be measured based on your balance, not equity. And this is a Good one!

• Minimum trading days: The minimum trading days is 5 days. This means that even if you pass the evaluation phase within 2 days, you are expected to wait and trade for extra 3 more days to complete it a 5 trading days

• Profit split: The profit sharing is up to 90%.

• Leverage: leverage is 1:100.
• Weekend holdings: Yes
• News trading: Yes

• Expert Advisor: Yes

• Trade Copiers: Yes

• Reset Discount: Yes up to 10%

3. EXPRESS CHALLENGE:

Express challenge looks a bit tougher, here are the features:

• Profit share from challenge phase: Just like stellar and evaluation challenge, express challenge also gives 15% profit of what you made in your demo account.

• Profit target: Profit target here is 25%. So one is expected to get 25% of the account for one to get funded with a real account. This is higher compared to stellar and evaluation challenge which offer 13% or 10% and 15% respectively.

• Maximum daily drawdown: Maximum daily drawdown here is 5%

• Maximum overall loss: The maximum overall loss here is 10%.

• Drawdown type: The drawdown type here is balance base.

• Time limit: There is no Time limit here. So you can trade as long as you want to.

• Minimum trading days: the maximum trading days in express is 10 days. So you are to place a trade for a minimum of 10 days.

• Profit split: profit split is up to 90%. Where fundednext takes 10% and gives the trader the remaining 90%.

• Leverage: leverage is up to 1:100

• News trading: No

• Weekend holdings: No

• Expert Advisor: Yes

• Trade Copiers: Yes

• Reset Discount: Yes, Up to 20%

Between Stellar and Evaluation challenge, which one is better?

Stellar challenge is better compared to evaluation challenge with these following Features; lower profit target, no time limit of trading and it's balance base drawdown. But the evaluation challenge is cheaper in price when it comes to pricing.

Between stellar, evaluation and express challenge, which one is better?

In all the three challenges offered by Fundednext, the stellar challenge is still the best. Because it came with modified and accommodating rules that can make you pass the challenge and get funded instantly to start trading a real account.

Fundednext pricing:

For stellar challenge, the price tags are:

• $6,000 for $59.
• $15,000 for $119.
• $25,000 for $199.
• $50,000 for $299.
• $100,000 for $519.
• $200,000 for $999.

For evaluation challenge, the price tags are:

• $6,000 for $49.
• $15,000 for $99.
• $25,000 for $199.
• $50,000 for $299.
• $100,000 for $549.
• $200,000 for $999.

For express challenge, the price tags are:

• $6,000 for $49.
• $15,000 for $99.
• $25,000 for $199.
• $50,000 for $299.
• $100,000 for $549.
• $200,000 for $999.

Fundednext owner:

Abdullah Jayed is the founder and CEO of Fundednext who is also a serial entrepreneur.

Is Fundednext legit?

Yes, Fundednext is legit. Once you pass their evaluation phases, you will be funded instantly with a real account to start trading. You can ask for withdrawals anytime and you will be paid within 24hours. And I have seen so many proof of withdrawals.

How to sign up for Fundednext:

1. To open a Fundednext account, >>Click here<< to redirect you to their official website.
2. Input your email, name, country and create your password.
3. Fundednext will send an OTP to verify the email.
4. Now, go ahead and login with the verified email and password.
5. After going through this article and creating an account with Fundednext, use Jonath1 as your discount code for any purchases you are making to get upto 10% discount.

Fundednext rules:

The rules in Fundednext vary according to the challenge you are going for. Just as I explained above, you will understand that the rules in the stellar challenge are different from that of the express and evaluation challenge.

Fundednext coupon code:

The working Fundednext coupon code is Jonath1. Use this as your discount code to get upto 10% discount.

Is Fundednext regulated?

Yes, Fundednext is regulated. It is a prop firm that offers retail traders bigger capital to trade with. It partners with Eightcap broker, which is a reputable CFD and forex broker. Regulated by Australian Securities and Investment Commission (ASIC)

What will happen if I pass the evaluation phases in Fundednext?

If you pass the evaluation challenge, Fundednext will automatically fund you with a real account. This account will be yours forever. Let's say you purchased and passed a $15,000 account which you purchased at $119, this $15,000 will all be yours. You can choose to be making withdrawals of 5% of this account monthly or bi-weekly which is upto $750. You can as well choose to increase or decrease the 5% depending on what your emotions can handle.

What will happen if I breach the drawdown on the real Funded account?

The exact drawdown you have on your evaluation phase is thesame as your real Funded account. Just as you have 5% daily drawdown on the stellar evaluation challenge, thesame also implies on your real account. If you breach the daily or maximum drawdown on your real account, fundednext will take the account away from you. This will make you start again from purchasing and passing the evaluation challenge in order to have another real Funded account.

What happens if I do not pass the evaluation challenge?

If you are unable to pass the evaluation challenge, the fee which you paid to purchase the account will not be refunded to you. Let's say you purchased a $15,000 account with $119 and you were unable to pass the challenge, the account will be taken away from you and the fee ($119) which you used to purchase this account will not be refunded.

But if you pass the evaluation challenge, Fundednext will give you 15% from the profit you made on the evaluation account. Not just paying you for passing the account, you will also receive a refund on the fee you use to purchase the account.

How can I pass a prop firm?

Let me share some tips which I used to pass mine.

• Apply good risk management. Don't risk more than 1% on a particular trade.
• You need to be disciplined, to achieve this, you need to have a particular set up or a strategy.
• Finally, have a good trading psychology. Don't trade under pressure, it can make you place an emotional trade.

Is Fundednext worth it?

Yes, Fundednext is worth it. If you are looking for capital to start trading or a huge capital to step up your trading career, Fundednext can fund you up to $300,000. And there are so many proofs of withdrawals from traders including from my students.

Fundednext payment methods:

Fundednext has a very simple method of funding and withdrawing. Which includes:

• Card method
• Crypto
• Bank transfer
• Perfect money

Conclusion: Fundednext review

Fundednext is one of leading and trusted funding prop firms in the world, if you are looking to start trading a huge capital up to $300,000. Having tested it, I highly recommend you go ahead and sign up with Fundednext.

Remember to use the discount code Jonath1 to get upto 10% discount on any package you are purchasing.