Brief History of FundedNext Prop Firm
FundedNext propfirm is a prop firm established in 2022 by Bangladeshi entrepreneur Syed Abdullah Jayed. Headquartered in the United Arab Emirates, the fundednext propfirm has quickly gained traction in the propfirm community, serving over 51,000 traders from more than 195 countries. Despite its relatively short existence, The FundedNext propfirm has already paid out over $51 million in profits, showcasing its commitment to supporting traders.
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Account Types
FundedNext propfirm challenge provides six different account types, each designed for various trading styles and preferences. These include:
- Standard Accounts: Suitable for most traders, offering a balanced approach.
- Swap-Free Accounts: Ideal for traders who prefer to avoid swap fees.
- Consistency Accounts: Targeted at traders focused on maintaining consistent performance.
- Non-Consistency Accounts: For traders who prefer more flexibility in their trading strategies.
- One-Step Evaluation Accounts: Designed for quick assessments with a single profit target.
- Two-Step Evaluation Accounts: Involves a more thorough assessment with multiple stages.
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Furthermore, having a funded passed fundednext propfirm challenge can be crucial for a trader for the following reasons.
As a trader, you a funded next account because it scales up your trading capital and gives you confidence.
Similarly, if you pass funded next propfirm you gain access to capital that is normal impossible for a normal citizen to have.
Different Types of Challenges on the fundednext PropFirm challenge
Pass FundedNext challenge presents traders with two main types of evaluation challenges: the one-step and two-step challenges.
- One-Step Challenge: Requires a profit target of 10% and a minimum trading period of five days.
- Two-Step Challenge: Involves a profit target of 25% with the same minimum trading period.
Both challenges allow traders to showcase their skills without time pressure, as there is no upper limit on the trading days required to meet the profit target.
A Brief Summary of the Terms and Conditions of the Prop Firm
The terms and conditions at FundedNext are designed to ensure transparency and fairness. Key points include:
- Daily Loss Limit: 5% for the two-step challenge and 3% for the one-step challenge.
- Maximum Overall Loss: 10% for the two-step challenge and 6% for the one-step challenge.
- Minimum Trading Days: A minimum of five trading days is required to qualify.
- Profit Share: Traders can earn a profit share ranging from 60% to 90%, with a 15% profit share during the evaluation period.
- Refundable Evaluation Fee: The evaluation fee ranges from $49 to $1,099, and it is refundable for all approved prop traders.
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