Overview

FTMO and FundedNext are two of the most popular proprietary trading firms in the world, and for good reason. Both offer competitive profit splits, well-designed evaluation processes, and reliable payouts. But they differ in meaningful ways that could make one a better fit for your trading style than the other.

FTMO, founded in 2015 and headquartered in Prague, is widely considered the industry gold standard. They have funded over 10,000 traders and built a reputation for transparency and reliability. FundedNext, based in the UAE, is a newer entrant that has gained rapid traction thanks to an innovative feature: they share up to 15% of profits earned during the evaluation phase itself, before you are even officially funded.

In this comparison, we will break down every major factor so you can make an informed decision.

Evaluation Process

FTMO uses a two-phase evaluation. Phase 1 (the FTMO Challenge) requires a 10% profit target within 30 days, with a 5% daily drawdown limit and 10% maximum drawdown. Phase 2 (Verification) requires a 5% profit target within 60 days with the same drawdown rules. There is no minimum trading day requirement, and if you miss the profit target but do not violate any rules, FTMO offers a free retry.

FundedNext offers two models. Their Evaluation model is a two-step process similar to FTMO: Phase 1 targets 10% profit and Phase 2 targets 5%. Their Express model is a one-step process requiring a 25% profit target with no time limit. The Express model is more challenging but gets you funded faster. Both models have a 5% daily drawdown and 10% maximum drawdown.

The key differentiator is that FundedNext pays 15% of the profits you earn during the evaluation phase. This means even if you do not pass, you can still earn money. No other major firm offers this.

Pricing

For a $100,000 account, here is how the challenge fees compare:

  • FTMO — Approximately $540 (before discounts). Use code PROPDEALS15 for 15% off.
  • FundedNext — Approximately $549 for Evaluation, $299 for Express (before discounts). Use code FNEXT15 for 15% off.

Both firms are priced similarly for their two-step evaluation. FundedNext's Express model is significantly cheaper but requires a much higher profit target. Both firms refund the challenge fee with your first profit withdrawal after passing.

Profit Split

Both firms offer up to 90% profit split, but the path to getting there differs:

  • FTMO starts at 80% and scales to 90% through their Scaling Plan after four consecutive months of profitability.
  • FundedNext starts at 80% for Evaluation accounts and can scale to 90%. Express accounts start at 60% and scale up. Additionally, FundedNext pays 15% of evaluation profits regardless of outcome.

If you value immediate revenue, FundedNext's evaluation profit sharing is a significant advantage. If you prefer a proven track record of reliable payouts, FTMO has years of verified history.

Platform Support

FTMO supports MT4, MT5, and cTrader, giving traders the widest range of platform choices among major prop firms. cTrader in particular is popular for its advanced charting and faster execution.

FundedNext currently supports MT4 only. This is a notable limitation for traders who prefer MT5 or cTrader. If platform variety matters to you, FTMO is the clear winner here.

Verdict

Both firms are excellent choices, but they serve slightly different needs:

  • Choose FTMO if you want the industry's most proven firm with multi-platform support, free retries, and a decade of track record. FTMO is the safer bet for serious traders who plan to trade long-term.
  • Choose FundedNext if you want to earn money during the evaluation phase, prefer a one-step Express option, or are looking for a firm with aggressive growth and competitive pricing.
Whichever firm you choose, do not pay full price. Check PropDeals for the latest verified discount codes for both FTMO and FundedNext.

For a broader overview of how prop firms work, see our Complete Guide to Prop Trading in 2026. If you trade futures instead of forex, check out our Best Prop Firms for Futures Traders ranking.