FundedNext, a newly established proprietary trading firm with a global presence, is making significant strides in the forex trading industry by offering traders an opportunity to access funding through its Evaluation model. With offices in the UAE, USA, UK, and Bangladesh, FundedNext is committed to identifying and nurturing trading talent worldwide.
Overview of the Evaluation Model
The Evaluation model is FundedNext’s version of the traditional two-step challenge, designed to assess a trader’s ability to generate profits while effectively managing risk. Here’s a breakdown of the account sizes and the structured rules for both steps of the Evaluation model:
Account Sizes and Fees
- $15,000 account for a one-time fee of $99
- $25,000 account for a one-time fee of $199
- $50,000 account for a one-time fee of $299
- $100,000 account for a one-time fee of $549
- $200,000 account for a one-time fee of $999
Step One Rules
- Profit target: 10%
- Daily drawdown: 5%
- Maximum starting balance drawdown: 10%
- Minimum trading days: 5 calendar days
- Maximum trading period: 30 calendar days
- Leverage: 1:100
Step Two Rules
- Profit target: 5%
- Daily drawdown: 5%
- Maximum starting balance drawdown: 10%
- Minimum trading days: 5 calendar days
- Maximum trading period: 60 calendar days
- Leverage: 1:100
Upon successful completion of both steps, traders are awarded a funded account with the same balance as their evaluation account. Initially, traders qualify for an 80% profit split, with the potential to increase to 90%.
Scaling Plan Opportunities
FundedNext’s scaling plan presents a remarkable opportunity for consistent performers to significantly increase their trading capital. To be eligible, traders must achieve at least 10% account growth in four consecutive months, make a minimum of two payouts, and ensure the last month ends in profit. Successful traders will receive a 40% account balance increase, with the possibility of scaling up to a $4,000,000 cap.
This comprehensive overview of the Evaluation model by FundedNext highlights the firm’s commitment to providing a transparent and growth-oriented pathway for forex traders aiming to achieve success in proprietary trading.
