FundedNext Review
FundedNext ranks 4th on our list of top prop trading firms with a strong score of 92/100. Now broker backed by FNmarkets, it scored highly during testing for flexible evaluations, high profit splits, and clear trading rules.

FundedNext ranks 4th on our list of top prop trading firms with a strong score of 92/100. Now broker backed by FNmarkets, it scored highly during testing for flexible evaluations, high profit splits, and clear trading rules.
Written by Noam Korbl
Updated:
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FundedNext Summary
💳 Audition Fees | $32 – $1,099 |
💰 Profit Split | Up to 95% |
💵 Account Size | $5,000 – $200,000 |
📊 Trading Platforms | MT4, MT5, cTrader, Match-Trader |
🛍️ Discount Code | PROPFIRMS for 120% refund |
FundedNext Promo Code: PROPFIRMS
Exclusive FundedNext discount code for a 120% challenge fee refund!
FundedNext Prop Firm Details
One Phase Evaluation
Two Phase Evaluation
Instant Funding
Max $4m Scaling Plan
Fees From$32
Account Sizes5K -200K
Min Forex Spread0.06 pips
Commission Fee$5
Max Daily Loss3% - 5%
Profit Targets4% - 10%
Profit ShareUp to 95%
Trading Platforms
Consistency Rules
Compulsory Stop Loss
High Impact News Trading 5 min
Expert Advisors / Automated Trading
FOREX
INDICES
COMMODITIES
CRYPTO
SHARES
COUPON CODES
PROPFIRMS
200K STELLAR
StepsOne
Funding$200,000
Fee$1,099
100K STELLAR LITE
StepsTwo
Funding$100,000
Fee$399
With an overall score of 92/100, FundedNext ranked 4th in our analysis of the top prop trading firms. As of 2025, it is a broker backed prop firm and runs exclusively on its Stellar and Stellar Lite models, having phased out the older Evaluation and Express challenges.
You can choose between a one-step path with faster funding, or a lower-cost two-step option that still leads to a 95% profit split. The Stellar models also include a 15% profit share during the challenge and quick funded payouts.
If you are looking to prop trade futures markets rather than CFDs, FundedNext has recently launched a new offering with this focus. With FundedNext Futures, you can now partake in challenges with real CME futures pricing, whereas the original FundedNext we are reviewing here, focuses on CFD trading.
The overall rating is based on review by our experts
FundedNext offers two main models of prop challenges – Stellar and Stellar Lite. You can choose between one and two step evaluation processes for the Stellar Challenge, while Stellar Lite is two step only.
Challenge Models | Stellar (1-Step) | Stellar (2-Step) | Stellar Lite |
---|---|---|---|
Challenge Phases | 1 Phase | 2 Phases | 2 Phases |
Account Sizes | 6K - 200K | 6K - 200K | 5K - 100K |
Audition Fees | $65 - $1,099 | $59 - $999 | $32 - $399 |
Leverage | 30:1 | 100:1 | 100:1 |
Commission | $5 | $5 | $7 |
Profit Target | 10% | 8%, 5% | 8%, 4% |
Maximum Daily Loss | 3% | 5% | 4% |
Maximum Overall Loss | 6% | 10% | 8% |
Time Limit | No Time Limit | No Time Limit | No Time Limit |
Challenge Phase Profit Share | 15% | 15% | N/A |
Funded Profit Split | 95% | 95% | 95% |
Minimum Trading Days | 2 | 5 | 5 |
First Reward | 5 Business Days | Monthly | 21 Days |
Subsequent Rewards | 5 Business Days | Bi-Weekly | Bi-Weekly |
While FundedNext used to offer Evaluation and Express challenges as well, they have removed these challenges, and are looking to expand with Futures trading as well.
When Funded Next’s Futures prop firm branch opens, we will update you with their account options and trading conditions.
The Stellar One Step challenge is the most straightforward model FundedNext offers. You only need to hit a single 10% profit target with a 6% overall and 3% daily drawdown limit.
There’s no time restriction, and you get a 15% profit share from day one, even during the challenge phase. This model suits confident, experienced traders who want to skip the two-step grind and fast-track to a funded account.
Account Size | Fee | Daily Loss (3%) | Overall Loss (6%) | Profit Target (10%) |
---|---|---|---|---|
$6,000 | $65 | $180 | $360 | $600 |
$15,000 | $129 | $450 | $900 | $1,500 |
$25,000 | $219 | $750 | $1,500 | $2,500 |
$50,000 | $329 | $1,500 | $3,000 | $5,000 |
$100,000 | $569 | $3,000 | $6,000 | $10,000 |
$200,000 | $1,099 | $6,000 | $12,000 | $20,000 |
The Stellar Two Step challenge adds an extra layer of verification but allows for more breathing room. You’ll need to hit two separate profit targets (8% in Phase 1 and 5% in Phase 2) with wider loss limits (10% overall, 5% daily).
This model is a better fit if you value consistency over speed. Like the One Step, it offers a 15% profit share during the challenge, and there’s no time pressure to complete each phase.
Account Size | Fee | Daily Loss (5%) | Overall Loss (10%) | Phase 1 Target (8%) | Phase 2 Target (5%) |
---|---|---|---|---|---|
$6,000 | $59 | $300 | $600 | $480 | $300 |
$15,000 | $119 | $750 | $1,500 | $1,200 | $750 |
$25,000 | $199 | $1,250 | $2,500 | $2,000 | $1,250 |
$50,000 | $299 | $2,500 | $5,000 | $4,000 | $2,500 |
$100,000 | $549 | $5,000 | $10,000 | $8,000 | $5,000 |
$200,000 | $999 | $10,000 | $20,000 | $16,000 | $10,000 |
Stellar Lite is the most affordable option, with fees starting at just $32. It’s a two-phase model similar to Stellar Two Step, but with slightly tighter drawdowns and profit targets (8% and 4%).
You don’t get a profit share during the challenge, but you do unlock a 95% split once funded. The Stellar Lite model also includes extra add-ons like higher loss limits and bi-weekly payouts, ideal if you want flexibility without spending a lot upfront.
Account Size | Fee | Daily Loss (4%) | Overall Loss (8%) | Phase 1 Target (8%) | Phase 2 Target (4%) |
---|---|---|---|---|---|
$5,000 | $32 | $200 | $400 | $400 | $200 |
$10,000 | $59 | $400 | $800 | $800 | $400 |
$25,000 | $139 | $1,000 | $2,000 | $2,000 | $1,000 |
$50,000 | $229 | $2,000 | $4,000 | $4,000 | $2,000 |
$100,000 | $399 | $4,000 | $8,000 | $8,000 | $4,000 |
FundedNext lets you tweak your challenge with optional add-ons, useful if you want fewer restrictions or faster access to profits. One of the most popular is the No Minimum Trading Days add-on (20% fee), which is available for accounts up to $25K in Stellar 1-Step and 2-Step, and all sizes in Stellar Lite. It’s ideal if you want to pass fast without being forced to stretch trades over several days.
Stellar Lite traders can also unlock a 10% overall loss limit (25% fee), giving more room to breathe during volatile sessions, something not offered on the other models. And if you want top-tier payouts locked in from day one, the Lifetime 95% Payout upgrade (30% fee) applies across all models and account sizes.
The costs stack up, but for traders with a clear plan, these add-ons can make the challenge work harder in your favor.
Add-On | Additional Fee | Stellar 1-Step | Stellar 2-Step | Stellar Lite |
---|---|---|---|---|
Lifetime Payout 95% | + 30% | All account sizes | All account sizes | All account sizes |
Double Up | + 40% | All account sizes | All account sizes | All account sizes |
No Minimum Trading Days | + 20% | Accounts 25K or less | Accounts 25K or less | All account sizes |
Overall Loss Limit 10% | + 25% | ✗ | ✗ | All account sizes |
Bi-Weekly Payout | + 15% | ✗ | Accounts 25K or less | All account sizes |
Swap Free Account | + 10% | All account sizes | All account sizes | All account sizes |
FundedNext offers a Scale-Up Plan for traders who consistently demonstrate successful trading over a four-month period.
Traders meeting specific criteria can see their account scaled up by 40%, with a maximum allocation of $4 million. The eligibility criteria for the Scale-Up Plan include:
If a trader meets these conditions, their account will be reviewed, and they may receive a 40% increase in the account balance.
For instance, a trader with a $100,000 account who qualifies for the Scale-Up Plan would see their account balance increased to $140,000, with corresponding adjustments to the daily loss and overall drawdown limits.
FundedNext offers swap-free accounts across all its challenges. These accounts are ideal for traders who wish to avoid overnight holding fees, either for personal or religious reasons.
Swap-free accounts provide the same trading conditions as standard accounts during the Challenge Phase, with one key difference: the pricing is 10% higher due to the coverage of overnight holding costs. Additionally, swap-free accounts come with raw spreads, ensuring a fair trading environment for all users.
FundedNext has set clear restrictions on trading strategies to ensure fairness and maintain market integrity. Violating these rules can lead to account suspension or termination.
Copy Trading
Copy trading is permitted only between accounts owned by the same individual. Copying trades between accounts owned by different people, including friends or family members, is strictly prohibited.
News Trading
You’re allowed to trade during news events in both the challenge and funded phases. But once you’re funded, a specific rule applies.
If you open or close trades within 5 minutes before or after a high-impact news event, only 40% of the profit from those trades will count toward your payout. Losses during this window are fully counted.
This rule doesn’t apply during the challenge, so you can trade news freely until you’re funded.
Expert Advisors (EAs)
Expert Advisors (EAs) are allowed at FundedNext on the MT4 and MT5 platforms for Challenge and Funded Accounts, while automated trading is not allowed if you are using cTrader.
If you are using EAs on MT4 or MT5, you must customise your EA settings to match your individual trading style, even if using the same EA as others.
Other Prohibited Strategies
Verdict on FundedNext Accounts
FundedNext offers two main challenge models (Stellar and Stellar Lite) each with varying levels of flexibility and add-ons to choose from.
FundedNext now operates through its own brokerage, FNmarkets, launched in May 2025. This means spreads and execution are no longer handled via third-party brokers like Eightcap, but directly through FNmarkets’ trading infrastructure.
While FundedNext still doesn’t list live spreads on its site, FNmarkets offers transparent account types with defined spread models:
These options provide more control over pricing and execution, particularly for funded traders routed through FNmarkets.
Commission charges still vary by challenge model:
Account Type | Forex | Commodities | Indices | Crypto |
---|---|---|---|---|
Stellar One Step & Two Step | $5 per lot | $5 per lot | $0 | $0 |
Stellar Lite | $7 per lot | $7 per lot | $0 | $0 |
Verdict on Spreads and Commissions
FundedNext is now broker-backed via FNmarkets, which gives it full control over execution and pricing. While real-time spread data isn’t published yet, the move away from third-party liquidity providers may allow for tighter spreads and improved order execution long term.
FundedNext offers prop traders access to four main asset classes – forex, indices, commodities, and cryptocurrencies, with a total of 83 different financial markets to choose from.
FundedNext’s current offerings include:
Asset Class | Total Markets | Symbols |
---|---|---|
Forex | 50 | AUDCAD, EURUSD, USDJPY, NZDUSD, GBPUSD, etc. |
Indices | 18 | AUS200, GER30, US30, SPX500, NDX100, etc. |
Commodities | 5 | XAGUSD, XAUUSD, UKOUSD, USOUSD |
Cryptocurrencies | 10 | BTCUSD, ETHUSD, XRPUSD, LTCUSD, BCHUSD, etc. |
Verdict on Markets and Leverage
FundedNext offers access to 83 markets across forex, indices, commodities, and cryptocurrencies, providing flexibility for different trading strategies and risk tolerances.
FundedNext provides traders with access to four of the most popular trading platforms – MetaTrader 4 (MT4), MetaTrader 5 (MT5) with TradingView integration, cTrader, and Match-Trader.
Each platform offers distinct tools and features, but some come with fees, and not all platforms are available with all challenges.
Trading Platform Fees | Stellar One Step | Stellar Two Step | Stellar Lite |
---|---|---|---|
MetaTrader 4 | Free | Free | Free |
MetaTrader 5 | Free | Free | Free |
cTrader | $25, not available for 100K or 200K accounts | $25, not available for 100K or 200K accounts | $25, not available for 100K accounts |
MatchTrader | $25, not available for 100K or 200K accounts | $25, not available for 100K or 200K accounts | $25, not available for 100K accounts |
MT4 is a widely used platform known for its compatibility with a vast range of expert advisors (EAs) and indicators. It is best suited for forex, commodities, and indices traders. Users can also develop their own algorithms using the MQL4 programming language.
Key Features
MT5 is an advanced platform offering more technical tools and features than MT4, including additional order types and a broader range of indicators.
It supports automated trading, with EAs developed in MQL5, and includes a built-in economic calendar for market news and events. MT5 can also integrate with TradingView for charting and analysis.
While TradingView is temporarily paused due to system updates, once reactivated, traders can seamlessly access TradingView directly from the FundedNext dashboard while executing trades through MT5.
Key Features
cTrader provides a clean, intuitive interface, particularly suited for manual trading. It offers transparency with Level II market depth pricing and supports advanced order types.
cTrader is accessible across desktop, web, and mobile devices, making it highly flexible. However, a $10 platform fee applies for cTrader users.
Key Features
Match-Trader is a browser-based trading platform designed for speed, simplicity, and minimal setup. It doesn’t require any downloads or plugins, making it ideal if you want to get started quickly or trade on the go.
The interface is clean and modern, and while it doesn’t have as many advanced tools as MT5 or cTrader, it covers the core functionality most traders need. Unlike cTrader, there’s no extra fee to use Match-Trader on FundedNext.
Key Features
Verdict on Trading Platforms
FundedNext offers a solid range of platforms, including MT4, MT5 (with TradingView), cTrader, and Match-Trader. This variety caters to different trading styles, ensuring traders can choose the platform that best suits their needs.
FundedNext supports a broad range of payment methods for both deposits and withdrawals.
Since launching their own broker, FNmarkets, payments are now processed through their connected payment provider, Incenteco Trading Ltd, helping streamline the funding process for traders worldwide.
You can pay for FundedNext challenges using debit or credit card (Visa, Mastercard), bank transfer, Perfect Money, or cryptocurrency (USDT, BTC, ETH).
Payments are handled securely and backed by FundedNext’s internal billing infrastructure via Incenteco, their Cyprus-based processing partner.
Payouts are handled through Deel, FundedNext’s third-party payment processor. The minimum withdrawal amount is $20, though there are restrictions based on the amount:
Before receiving any payout, you’ll need to pass KYC verification, which typically takes 48 to 72 hours. This includes submitting a valid government-issued ID and address document. FundedNext uses trusted third-party KYC providers such as Veriff and Sumsub.
Verdict on Payment Methods and Payouts
FundedNext offers a solid mix of modern and traditional payment options, including crypto, cards, and bank transfers. With payment processing now routed through their broker-backed setup, most traders should see smoother funding and reliable withdrawals through Deel.
FundedNext offers 24/7 customer support and a comprehensive suite of educational resources to help prop traders. With an efficient live chat services to a solid Youtube channel, FundedNext are strong in this area.
FundedNext provides 24/7 customer support through email and live chat. The live chat bot is generally efficient, offering quick answers to common questions, and is backed by a comprehensive FAQ section that addresses most queries in detail.
However, it occasionally directs users to broken links, and the screening questions may feel limited in scope.
Response times via email and chat are moderate, but funded traders benefit from Pro Support, connecting them with in-house technical experts for more tailored assistance.
FundedNext provides a wide array of educational resources to support traders at all levels. These resources are designed to help traders enhance their skills, understand market dynamics, and improve their trading strategies.
Website and Dashboard Resources
FundedNext’s website offers a wealth of educational materials organized by topics, including trading guides, market analysis, and updates on important trading announcements.
A key feature is the Economic Calendar, which keeps traders informed about upcoming economic events that may impact the markets. The calendar is also filterable, allowing traders to focus on high-impact news that may affect their trades.
Within the trader dashboard, users have access to additional resources such as the Psychology Feed, which focuses on improving trading mindset, and Trading Psychology Sessions.
These resources help traders stay grounded and disciplined while navigating volatile markets. The dashboard also features sections like Meet The Traders, where traders can learn from successful prop traders, and Offers and Giveaways, which provide further engagement opportunities.
YouTube Channel and Prop Podcast
FundedNext’s YouTube channel is another excellent resource, boasting over 77K subscribers and more than 1,200 educational videos. The channel focuses on a variety of topics such as trading strategies, risk management, and interviews with funded traders through the “Meet The Traders” series.
The Risk Reward Radio podcast offers deeper insights into traders’ journeys, providing valuable lessons and real-world experiences
Verdict on Customer Service and Education
FundedNext provides excellent 24/7 customer support and a rich array of educational materials, including live chat, an extensive FAQ, trading guides, and an interactive Economic Calendar.
Their YouTube channel and podcast further supplement learning, making it a strong choice for traders seeking comprehensive support and continuous learning opportunities.
Recently FundedNext became a broker backed prop firm with the launch of its own brokerage, FNmarkets.
While FNmarkets is licensed offshore, this change means FundedNext now handles its own execution and trading infrastructure instead of relying on external brokers. That gives them more control over spreads, slippage, and platform setup, something independent prop firms can’t offer.
FundedNext has an ‘Excellent’ ranking on Trustpilot with 4.6 out of 5 stars, and is a verified company. We scrolled through various pages and it was difficult to find any negative reviews at all, so they’re clearly doing something right.
On the community side of things, they have fairly substantial followings with lots of engagement which adds further strength to their credibility as a prop trading firm.
FundedNext has a strong community presence with active social media and an established Discord community.
Telegram
The FundedNext Telegram channel is also very large with over 47,400 subscribers. It’s a one way channel where FundedNext communicates details about competitions and other announcements, and posts receive lots of reactions/engagement with thousands of views per post.
Discord
The FundedNext Discord channel has over 226,800 members and has a lot of activity across the various channels. From community updates to giveaways, psychology chats, and more, there’s a lot to get stuck into in their online community.
Verdict on FundedNext Trust and Community
We think FundedNext offers a great and vibrant community spanning various channels. This combined with their ‘Excellent’ ranking on Trustpilot and their move to become a broker-backed firm indicates a strong reputation and a clear investment in long-term trader support.
FundedNext is the most searched prop trading firm in the world, tied in first place with FTMO at 673,000 global monthly Google searches as of 2025. It also leads in website traffic, recording 5.02 million visits in March 2025, ahead of all other prop firms according to Similarweb.
The firm’s visibility is driven by particularly strong branded search interest from India (90,500/month, the highest of any region) followed by Nigeria, South Africa, and Pakistan, indicating major traction in emerging markets. It also maintains solid presence in developed markets like Spain, Germany, and the UK.
This dominant search volume and global engagement reflect FundedNext’s growing influence as a leading prop trading brand with high accessibility and active community support.
Country | Q1 2025 Monthly Searches |
---|---|
India | 90,500 |
Nigeria | 33,100 |
South Africa | 18,100 |
Pakistan | 14,800 |
Kenya | 14,800 |
Spain | 9,900 |
Germany | 9,900 |
United Kingdom | 8,100 |
United States | 8,100 |
France | 8,100 |
Malaysia | 6,600 |
Uzbekistan | 6,600 |
Italy | 5,400 |
Brazil | 5,400 |
Philippines | 5,400 |
Indonesia | 5,400 |
Canada | 4,400 |
Netherlands | 3,600 |
Australia | 1,900 |
Poland | 1,900 |
Singapore | 1,900 |
Vietnam | 1,000 |
Hong Kong | 880 |
Austria | 720 |
Cyprus | 590 |
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90,500
1st
|
![]() |
33,100
2nd
|
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18,100
3rd
|
![]() |
14,800
4th
|
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14,800
5th
|
![]() |
9,900
6th
|
![]() |
9,900
7th
|
![]() |
8,100
8th
|
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8,100
9th
|
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8,100
10th
|
Getting set up with FundedNext is relatively easy and we have outlined the steps clearly below for you to get an idea of what’s required.
Navigate to the top of the screen and click register account
Fill in your personal details and click register (you can use your Google or Facebook account if you are logged in)
Repeat step 1 except this time click ‘sign in’ and enter your details. Then you should have access to the dashboard and at the top click the green button titled ‘start trading’.
Choose whichever plan, platform and funding model best suits you, and then click ‘enroll now’
The final step is to select your payment method, add in your details and proceed by clicking ‘confirm payment’.
Once you’ve completed these 5 steps you will receive an email confirming you have been successfully registered and you’ll be able to freely navigate the trader portal and commence trading.
FundedNext earns a 92/100 and currently ranks 4th on our list of top prop trading firms. With both one-step and two-step evaluations, up to 95% profit splits, and strong platform support, it ticks the right boxes for traders looking for flexibility and fast payouts. The Stellar Lite model is especially cost-effective for beginners, while the add-ons make it easy to tailor each challenge to your style and goals.
The big update in 2025 is FundedNext’s shift to a broker-backed model with the launch of FNmarkets. This gives them more control over execution, pricing, and payments—something few prop firms can offer. Combined with a solid Trustpilot rating, large trading community, and strong payout record, FundedNext continues to be a reliable option whether you’re new to prop trading or scaling up.
Yes, FundedNext is a legitimate prop trading firm with account sizes from $5,000 to $200,000 and profit splits up to 95%. In 2025, it became a broker-backed firm through the launch of FNmarkets, giving it greater control over execution and trading conditions.
It remains one of the best prop firms globally, supported by platforms like MT4, MT5, cTrader, and Match-Trader. FundedNext also holds an ‘Excellent’ Trustpilot rating and has a strong reputation for payouts and trader support.
Yes, prop firms do pay traders who meet their profit targets and follow the firm’s rules. Payments are based on profit splits, typically ranging from 70% to 95%.
Reputable firms like FundedNext and FTMO have a track record of reliable payouts, often processed through secure third-party platforms like Deel. However, it’s important to choose a trustworthy prop firm to avoid scams, as some firms may not honour payouts or have hidden fees.
FundedNext works by offering traders a chance to manage funded accounts after passing one of its two challenge models: Stellar or Stellar Lite. Traders must meet specific profit targets while adhering to daily and overall loss limits. After passing the challenge, traders can earn profit splits up to 95% on live accounts.
For more info, you can learn about how challenges work.
FundedNext offers profit splits of up to 95%, and known for having one of the best funded trading accounts available. Traders on Stellar 1-Step and 2-Step accounts receive a 15% profit share during the challenge and 95% once funded. Stellar Lite accounts don’t pay during the challenge but also unlock 95% profit splits after funding.
At PropFirms, our methodology focuses on providing traders with clear, unbiased reviews of the best prop trading firms. We evaluate firms based on key factors like spreads, audition processes, account types, payment structures, and trading platforms. Our research team conducts in-depth testing and frequent updates to ensure accuracy. By considering these factors, we aim to help traders make informed decisions tailored to their specific trading needs.
Noam Korbl is the co-founder and has been a trader since 2014. He has Finance degree at Monash University and is an investor in shares and equities and successfully started and sold the online business Hearing Choices.
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