The Funded Next

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The Funded Next

"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.

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