The Funded Next

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"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

  1. 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.
  2. 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.