"The Funded Next" is an online proprietary trading firm (prop firm) founded in March 2022, based in Bangladesh. It specializes in providing funded trading accounts to traders worldwide. Here’s a detailed look at the firm:
Key Features
Funding Programs
- Evaluation Program:
- Phases: Two phases.
- Profit Targets: Typically around 8-10% in Phase 1 and 4-5% in Phase 2.
- Drawdown Limits: Usually 5-10% per phase.
- Account Types: Offers different account sizes ranging from $6,000 to $200,000.
- Trading Period: Traders have 30 days for Phase 1 and 60 days for Phase 2 to achieve profit targets.
- Express Program:
- Phases: Only one phase.
- Profit Target: Around 25%.
- Drawdown Limits: Similar to the Evaluation Program.
- Account Sizes: Varying sizes.
- Trading Period: A maximum of 90 days.
Trading Rules
- Instruments: Offers trading in forex, commodities, indices, and cryptocurrencies.
- Leverage: Up to 1:100.
- Platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Payouts
- Profit Split: Up to 90% (varies by program and performance).
- Frequency: Typically monthly or upon request.
- Payment Methods: Includes bank transfers, cryptocurrencies, and online payment systems.
Fees
- Evaluation Fees: One-time fee depending on account size.
- Express Program Fees: Generally higher due to the accelerated nature of the program.
Trader Support
- Educational Resources: Offers webinars, tutorials, and market analysis.
- Community: Engages traders through forums and social media.
- Customer Support: Available via email, chat, and phone.
Pros and Cons
Pros
- High Profit Split: Competitive profit-sharing model.
- Diverse Trading Options: Includes multiple asset classes and platforms.
- Educational Resources: Supportive resources for traders.
Cons
- Evaluation Phase: Stringent profit and drawdown requirements.
- Fees: Evaluation fees can be a barrier for some traders.
Reputation
Funded Next has received mixed reviews. Some traders appreciate the profit split and flexibility, while others find the evaluation process challenging. As a relatively new firm, its long-term reputation is still developing.
