The comparison between Forex Prop Firm and FundedNext (Stellar) offers a deep dive into each firm’s approach towards trading objectives, providing valuable insights for traders evaluating their options.
In-Depth Comparison of Trading Objectives
Here’s a detailed overview of the trading objectives for Forex Prop Firm and FundedNext (Stellar):
- Phase 1 Profit Target: Forex Prop Firm requires a 10% target, while FundedNext (Stellar) sets it at 8%.
- Phase 2 Profit Target: Both firms have a 5% target.
- Maximum Daily Loss: A consistent 5% limit is set by both firms.
- Total Maximum Loss: Each maintains a 10% cap.
- Minimum Trading Days: Forex Prop Firm has a 3-day requirement, compared to FundedNext’s 5 days.
- Maximum Trading Period: Unlimited trading periods in both phases are offered by each firm.
- Profit Split: Forex Prop Firm offers between 90% to 100%, whereas FundedNext ranges from 80% to 90%.
Forex Prop Firm further distinguishes itself with its instant funding program, a unique offering among prop firms. This program includes a 5% maximum daily loss, a 5% maximum drawdown, and a 5-day minimum trading requirement, without a maximum limit on trading days. Profit splits in this program range from 80% to 100%, with a prerequisite of 5% profit for withdrawal eligibility. Forex Prop Firm stands out in the industry with four distinct funding programs and clear trading rules. These features make it an appealing choice for a wide range of traders, offering flexibility to trade during news events, hold positions overnight, and over weekends. Additionally, the opportunity to earn a 10% profit split from demo phases further adds to the attractiveness of Forex Prop Firm in the competitive proprietary trading landscape.
