FundedNext has announced an update to its 15% profit sharing feature, a response to recent misuse by some participants. Since its inception in March 2022, FundedNext has attracted a wide array of traders, partly due to its unique offer of 15% profit sharing from the evaluation phases. The firm has also been appreciated for introducing bi-weekly payouts and for removing several trading restrictions, allowing traders more freedom to employ their strategies.
Addressing Misuse with Updated Profit Sharing Guidelines
Observing the misuse of the 15% profit sharing feature by some newly funded traders, FundedNext has implemented changes to how this benefit operates. These modifications are designed to preserve the integrity of the profit-sharing incentive while continuing to reward genuine trading effort and success.
Revised Criteria for 15% Profit Sharing
Under the new system, traders who successfully navigate both evaluation phases and secure a funded account must achieve at least a 5% account growth in their funded account to qualify for the 15% profit sharing bonus. This target can be met over multiple payout cycles, ensuring traders have ample opportunity to reach the necessary account growth threshold.
Illustrative Examples of the Updated Feature
- Example 1: A trader who surpasses the 5% account growth target in their first payout cycle on a $200k challenge would receive a comprehensive payout including the registration fee refund, 80% of the profits from the funded account, and the 15% profit sharing from the evaluation phases, totaling $15,099.
- Example 2: If a trader achieves the 5% growth target across two payout cycles, their initial payout would include the registration fee refund and 80% of the funded account profits. The subsequent payout would incorporate 80% of the new profits along with the 15% profit sharing bonus, resulting in a second-cycle payout of $9,300.
This adjustment to the 15% profit sharing feature is aimed at encouraging active and responsible trading. It seeks to eliminate exploitation of the system while rewarding traders who contribute positively to the community and the firm’s capital growth.
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