This article aims to provide a detailed comparison between two notable proprietary trading firms, FundedNext and FTMO. We focus on their offerings, company details, and the two-step evaluation programs they provide to forex traders globally.
Company Profiles
A glance at the key details of both firms:
- Founding Dates: FundedNext started in March 2022, while FTMO has been operational since September 2015.
- CEO Insights: Abdullah Jayed leads FundedNext, and Otakar Suffner is at the helm of FTMO.
- Headquarters: FundedNext is based in the UAE & Bangladesh, and FTMO in Prague, Czech Republic.
- Maximum Capital Allocation: FundedNext offers up to $300,000, while FTMO provides up to $400,000.
Both firms are renowned for their trustworthiness and reliable services in the proprietary trading sector.
Funding Program Options
Comparing the funding programs available:
- FundedNext offers both one-step and two-step evaluations.
- FTMO specializes in a two-step evaluation program.
Two-Step Evaluation Comparison
Let’s dive into the specifics of their two-step evaluation programs:
- Details on profit targets, drawdown limits, leverage, minimum trading days, trading period, and profit splits are highlighted for each firm.
Pricing Across Account Sizes
Examining the pricing for different account sizes:
- Account sizes range from $6,000 to $200,000, with each firm offering specific pricing tiers.
Brokers and Trading Platforms
An overview of the brokers and trading platforms associated with each firm:
- FundedNext: Partners with Incenteco and GrowthNext, using MetaTrader 4 and 5.
- FTMO: Utilizes a Tier-1 Liquidity Provider, offering MetaTrader 4 and 5, cTrader, and DXtrade.
Trading Instruments
Comparing the trading instruments offered by both firms:
- Forex Pairs, Commodities, and Indices are available with both firms.
- FTMO additionally offers Stocks, Bonds, and Cryptocurrencies.
Community Feedback
Reviewing the community feedback based on Trustpilot statistics:
- FundedNext: Boasts a 4.7/5 rating from 7,049 reviews, signifying its popularity and positive reputation.
- FTMO: Holds a slightly higher rating of 4.8/5 from 5,999 reviews, indicating a strong level of trust and satisfaction.
Conclusion: FundedNext vs FTMO
In conclusion, both FundedNext and FTMO present themselves as excellent choices for traders, each with unique offerings in terms of trading rules, objectives, pricing, and community feedback. The key difference lies in the variety of funding program options, with FundedNext offering a broader range including one-step evaluations.
Exclusive Discount Codes
As a final note, we are excited to offer special discount codes for both FundedNext and FTMO:
- FundedNext Discount Code: [APTF05]
- FTMO Discount Code: [N/A]
For more insights into forex prop firms and access to exclusive deals, visit All Prop Trading Firms or browse our comprehensive list of forex funded programmes.