This comparison aims to contrast Direct Funded Trader with FundedNext, especially in terms of their evaluation criteria, highlighting their distinct approaches in the prop trading industry.
Phase 1 Profit Target
- Direct Funded Trader: Sets a Phase 1 profit target of 8%.
- FundedNext (Evaluation): Has a higher target of 10% for Phase 1.
Phase 2 Profit Target
- Both firms maintain a 5% profit target for Phase 2.
Maximum Daily Loss
A 5% maximum daily loss limit is enforced by both Direct Funded Trader and FundedNext.
Overall Maximum Loss
Both firms impose a 10% maximum loss limit.
Minimum Trading Days
Both require a minimum of 5 calendar days of trading.
Maximum Trading Period
- Direct Funded Trader: Offers an unlimited trading period for both phases.
- FundedNext: Limits Phase 1 to 30 days and Phase 2 to 60 days.
Profit Split
- Direct Funded Trader: Offers an 80% profit split.
- FundedNext: Provides a profit split ranging from 80% to 90%.
Direct Funded Trader’s Unique Offerings
- Standard Fast Funding Account: Features a single-phase evaluation with a 10% profit target, 4% maximum daily loss, 7% maximum loss, requiring at least 5 trading days. It offers above-average drawdown limits and an unlimited trading period but prohibits weekend trading.
- Aggressive Fast Funding Account: Similar to the standard account but includes weekend trading.
Direct Funded Trader’s flexible funding programs and relaxed trading rules, including an unlimited trading period, allow traders to progress through the evaluation at their own pace, distinguishing it from other industry-leading firms.
