Year Founded: FundedNext was founded in 2022 by Syed Abdullah Jayed.

Office Address: FundedNext operates from Executive Office No. 7, AI Robotics Hub, C1 Building, AFZ, Ajman, UAE.

Challenge Summary: FundedNext provides evaluation challenges designed to showcase traders’ skills. The challenges come in two formats: 1-step and 2-step evaluations, each catering to different trading strategies.

Main Trading Rules for FundedNext Challenges:

• Profit Targets:
  Traders must achieve a 10% profit target in Phase 1 and a 5% profit target in Phase 2 for the 2-step evaluation. In the 1-step Express Challenge, the target is 25%.
• Drawdown Limits:
  FundedNext enforces a 5% daily drawdown limit and a maximum 10% overall drawdown to ensure risk management and protect capital​.
• Minimum Trading Volume:
  Traders must meet specific trading volume thresholds by maintaining a consistent number of trades over the challenge period. For example, at least 5 trades per cycle are required in the Evaluation Model​
• Consistency Rule:
  In the Express Consistency Model, traders must demonstrate consistent performance by making a certain number of trades each week​.
• Leverage Limits:
  FundedNext offers leverage of up to 1:100 for Forex pairs during both the evaluation and funded phases. For indices and commodities, leverage is reduced to 1:50 during the evaluation and 1:25 in the funded phase. For cryptocurrencies, the leverage can go as low as 1:2​
• Risk Management:
  Strict risk management rules are applied, with no trades allowed 5 minutes before and after high-impact news events in certain challenges, and a strong focus on capital protection​.
• Trading Hours:
  Trading is permitted within designated hours. Restrictions apply on weekends and around specific news events, depending on the challenge​.

Trading Platforms: FundedNext utilizes MT4, MT5, and cTrader platforms, powered by Incenteco and GrowthNext, offering advanced trading tools and features.

Payment Methods: FundedNext accepts payments via:

• Cryptocurrencies.
• Credit/debit cards.
• Apple/Google pay
• Rise.

FundedNext Specific Trading Rules:

• Expert Advisors (EAs): Allowed across all challenges.
• Copy Trading: Allowed, but only on accounts owned by the same trader. Copying trades between different users’ accounts is strictly prohibited​.
• News Trading: News trading is allowed across most challenges, except in the Express Challenge, where traders cannot open or close trades 5 minutes before and after news events​.
• Stop Loss: Using stop loss is optional but highly recommended to manage risks effectively.
• Weekend Holding: Allowed in most challenges, except in the Express Consistency Challenge, where trades must be closed before the weekend.
• Scaling Plan: FundedNext offers a Scale-Up plan that allows traders to grow their account size up to $4 million, based on consistent performance and effective risk management.
• Refund Fees: FundedNext offers a refund that can go up to 150% of the participation fee under certain conditions. This applies when traders meet performance criteria, such as achieving profit targets in the challenge phase. Additionally, this reward bonus can be received with the first withdrawal after completing the challenge successfully.

Key Information:

• Founded Since: 2022.

• Based Country: United Arab Emirates (UAE).