FundedNext was founded in 2022 and experienced meteoric growth, quickly becoming one of the most-reviewed prop firms on Trustpilot with over 64,000 reviews. The firm is headquartered in Dhaka, Bangladesh, with additional operations globally. FundedNext was one of the first firms to introduce profit-sharing during the evaluation phase, paying traders 15% of their evaluation profits regardless of whether they ultimately pass or fail.
This evaluation profit-sharing model was a game-changer for the industry. It effectively reduces the risk of purchasing a challenge — even if you fail, you might recoup some of your fee through evaluation profits. Combined with competitive pricing and a strong social media presence, FundedNext has attracted a massive global user base, particularly among forex traders in Southeast Asia, Africa, and the Middle East.
Evaluation Model (Two-Phase): Phase 1 has an 8% profit target with 30 calendar days. Phase 2 has a 5% target with 60 days. Daily loss limit is 5%, maximum overall loss is 10%. Minimum 5 trading days per phase. During both phases, you earn 15% of any profits generated.
Express Model (One-Phase): A single phase with a 25% profit target and no time limit. Daily loss limit is 5%, maximum drawdown is 10%. No minimum trading days. The higher target (25%) is offset by the unlimited timeframe and the fact that you earn 15% of profits throughout the evaluation.
Stellar Model (Two-Phase): FundedNext also offers the Stellar program, which features a Phase 1 target of 8% and Phase 2 target of 5%, similar to the Evaluation model but with different pricing and no evaluation profit sharing. The funded split starts at 80% and can scale to 90%.
Evaluation model pricing (before discounts):
- $6,000 account — ~$59
- $15,000 account — ~$119
- $25,000 account — ~$199
- $50,000 account — ~$299
- $100,000 account — ~$549
- $200,000 account — ~$999
Express model pricing is approximately 15-25% higher per tier. With the FNEXT15 code (15% off), the $100K Evaluation drops to ~$467. Fees are refundable with the first profit split on funded accounts.
- Daily loss limit: 5% of initial balance on all models. Includes floating losses.
- Maximum drawdown: 10% on Evaluation and Stellar. 10% on Express. Static calculation.
- Minimum trading days: 5 days per phase on Evaluation and Stellar. None on Express.
- Time limits: 30/60 days on Evaluation. Unlimited on Express.
- News trading: Restricted on Evaluation (no trading within 5 minutes of high-impact news). Allowed on Express.
- Weekend holding: Not allowed on Evaluation during phases. Allowed on Express and funded accounts.
- EAs: Allowed on all models.
- Consistency rule: FundedNext enforces a consistency rule on funded accounts — no single trading day can account for more than a certain percentage of total profit. This has been a point of contention.
- Lot sizes: $100K allows up to 40 lots. Micro lots available.
FundedNext supports MetaTrader 4, MetaTrader 5, and cTrader. The cTrader integration is a notable addition, as many firms only support MetaTrader. Instruments include forex pairs (40+), indices (US30, NAS100, SPX500, DAX40, FTSE100), commodities (gold, silver, crude oil, natural gas), cryptocurrency CFDs (BTC, ETH, LTC), and select stock CFDs on MT5 and cTrader.
Funded accounts start at 80% profit split, increasing to 90% through the scaling plan. Additionally, 15% of evaluation profits are paid out (on Evaluation and Express models), which is unique to FundedNext. Payouts are bi-weekly on funded accounts, with the first payout available after 14 days. Payment methods include bank transfer, cryptocurrency (BTC, USDT, ETH), and Rise. The evaluation fee is refunded with the first funded payout.
FundedNext's scaling plan activates after 4 consecutive months of profitability with a minimum 10% total return. Upon activation, the account balance increases by 40% (one of the most generous scaling percentages in the industry) and the profit split increases from 80% to 90%. The scaling can repeat, allowing a $200K account to grow significantly over time. The 40% scaling increment is substantially higher than the 25% offered by most competitors.
Pros:
- 15% profit sharing during evaluation phase — unique in the industry
- Massive Trustpilot presence (64K+ reviews at 4.5/5) provides strong social proof
- 40% scaling increment — among the most generous available
- Supports MT4, MT5, and cTrader
- Express model has no time limit and no minimum trading days
- Competitive pricing across all account sizes
- Fee refunded with first funded payout
Cons:
- Consistency rule on funded accounts has frustrated many traders who pass with one large winning day
- News trading restricted on the Evaluation model
- No weekend holding during Evaluation phases
- Express model requires a 25% profit target, which is very high even without a time limit
- Based in Bangladesh, which some traders perceive as a regulatory risk
- Payout processing can take 3-5 business days, slower than FTMO's 1-2 days
- The sheer volume of reviews raises questions about incentivized reviewing practices
FundedNext is ideal for traders who want to reduce evaluation risk through the 15% profit-sharing model. If you are a skilled trader but worry about paying for challenges you might fail, knowing you will recoup some profits regardless is a significant psychological advantage. The Express model suits patient traders with consistent strategies who do not need time pressure.
The firm is also excellent for traders seeking fast account scaling — the 40% increment gets you to larger capital faster than most competitors. However, traders who rely on one or two large winning trades per month may run into issues with the consistency rule. If consistency is not your strength, consider firms without this requirement.
★★★★☆ 4.5 / 5 — based on 64,687 reviews on Trustpilot.
FundedNext has the largest Trustpilot review count of any prop firm. Positive reviews consistently mention the evaluation profit-sharing feature, competitive pricing, and the scaling plan. Common criticisms include the consistency rule being overly restrictive, payout processing times, and concerns about the firm's Bangladesh headquarters. Some reviewers also question whether the high review volume is partially driven by incentivized reviews. Despite these concerns, the overall sentiment is strongly positive.