In the competitive world of proprietary trading, Funded Next stands out as a reputable prop firm working in collaboration with the renowned broker Eightcap. With offices in the UAE, USA, and Southeast Asia, Funded Next offers an opportunity for traders worldwide to showcase their skills. This article will provide an in-depth analysis of Funded Next, including its unique features, pros and cons, and guidelines to get started with their funded accounts.
About Funded Next
Funded Next is a prominent prop trading firm that focuses on Forex and CFDs trading assets. Established in 2016, the company collaborates with Eightcap, a licensed broker regulated by the Australian Securities and Investments Commission (ASIC). Traders from all countries can participate, and Funded Next provides account balances ranging from $15,000 up to $200,000, allowing for substantial growth potential. The maximum leverage offered is 1:100, providing ample trading opportunities across multiple markets.
What's Unique about Funded Next?
Wide range of tradable instruments:
Funded Next offers trading opportunities in currencies, indices, and commodities, including major, minor, and exotic Forex pairs, important indices such as Dax and Nasdaq, as well as commodities like Crude and Brent Oil.
Flexible payout structure:
Depending on the Funding Model chosen, traders can initially receive a profit split of 60%, which can increase up to an impressive 90% based on their performance. Additionally, Funded Next offers monthly profit share even during the demo phase, with traders earning a 15% profit share every month until they obtain a funded account.
Competitive trading fees:
Funded Next benefits from its collaboration with Eightcap, allowing traders to enjoy lower trading fees compared to trading directly with the broker.
Multiple account types and plans:
Traders have the flexibility to choose from two account types, each offering five different plans. The account balances provided to traders differ based on their qualification and selected plan.
Pros and Cons of Funded Next
Pros:
Collaboration with a licensed broker with over 13 years of experience.
Opportunity to receive account balances of up to $200,000 and increase it by 20 times.
Profit split that can reach up to 90% based on performance.
Regular payouts, initially on a monthly basis and later every 14 days.
Lower trading fees compared to direct trading with Eightcap.
Comprehensive range of tradable instruments.
Favorable affiliate program with potential earnings of up to 15% of referral fees.
Cons:
No free plans available, with a minimum fee of $99 for a balance of $15,000.
Trading fees are not disclosed until the trading process begins.
Some poor reviews and complaints online
The Final Score
Funded Next is a legitimate prop trading firm that offers traders an opportunity to showcase their skills and earn substantial profits. With its collaboration with Eightcap, Funded Next provides a diverse range of tradable instruments, competitive profit splits, and flexible payout structures. While the absence of free plans and undisclosed trading fees may be considered drawbacks, Funded Next's overall offering positions it as a reliable option for traders seeking funded accounts. Explore Funded Next's website, choose the Funding Model that aligns with your trading objectives, and embark on your trading journey with confidence.
Getting Started
Click here to visit the Funded Next website and use Coupon Code: PropUp to claim your Prop Up Trading Discount
Explore their offerings
Choose the Funding Model that suits your trading goals and budget
Pass the evaluation process, which involves achieving specific profit targets within defined trading periods and adhering to drawdown limits
Select your desired account size and pay the corresponding fee
Start trading on the MetaTrader 4 platform, provided by Funded Next, and utilize their proprietary mobile app for account control
It's important to note that Funded Next is specifically designed for experienced individuals like yourself who possess the skills to consistently generate profitable trading strategies. If you're confident in your abilities and want to elevate your trading career, participating in Funded Next's trading challenge can be a significant milestone.
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