FundedNext vs. Funded Trading Plus: A One-Step Comparison Guide

Comparisons

This comprehensive article aims to contrast and compare FundedNext and Funded Trading Plus, two distinguished proprietary trading firms, showcasing their offerings to the global forex trading community.

Company Profiles

Both FundedNext and Funded Trading Plus have cemented their reputation as reliable and trustworthy entities in the proprietary trading arena. FundedNext, with its incorporation in March 2022 under CEO Abdullah Jayed, operates from the United Arab Emirates and Bangladesh. In contrast, Funded Trading Plus, launched in November 2021 by CEO Simon Massey, is based in London, UK. FundedNext offers traders a maximum allocation capital of $300,000, while Funded Trading Plus extends up to $2,500,000, both featuring scaling plans for trader growth.

Funding Program Varieties

Both firms present a variety of funding programs. FundedNext provides two one-step evaluations and two two-step evaluations, whereas Funded Trading Plus offers a one-step evaluation, two two-step evaluations, and an instant funding option, widening the spectrum of choices for traders.

One-Step Evaluation: Detailed Comparison

Profit Target: 10% to 25% for FundedNext options; 10% for Funded Trading Plus.
Daily Drawdown: 3% to 5% for FundedNext; 3% for Funded Trading Plus.
Overall Drawdown: 6% to 10% for FundedNext; 6% (Trailing) for Funded Trading Plus.
Leverage: 1:100 across all FundedNext evaluations; 1:30 for Funded Trading Plus.
Minimum Trading Days: 5 to 10 days for FundedNext; no limit for Funded Trading Plus.
Trading Period: Unlimited for both firms.
Profit Split: 60% to 90% for FundedNext; 80% to 90% for Funded Trading Plus.

Pricing Across Different Account Sizes

The following is a breakdown of pricing for various account sizes for each firm:

$6,000: $59 to $59 for FundedNext; not available with Funded Trading Plus.
$12,500: Not available with FundedNext; $119 with Funded Trading Plus.
$15,000: $119 to $119 for FundedNext; not available with Funded Trading Plus.
$25,000: $199 to $229 for FundedNext; $199 for Funded Trading Plus.
$50,000: $299 to $379 for FundedNext; $349 for Funded Trading Plus.
$100,000: $519 to $699 for FundedNext; $499 for Funded Trading Plus.
$200,000: $999 for both FundedNext and Funded Trading Plus.

Brokers & Trading Platforms

FundedNext collaborates with brokers Incenteco and GrowthNext, while Funded Trading Plus partners with Eightcap. Both firms utilize the popular MetaTrader 4 and MetaTrader 5 platforms for trading.

Trading Instruments

An important aspect to consider when comparing these firms is the range of trading instruments available. Both FundedNext and Funded Trading Plus offer opportunities in Forex pairs, commodities, and indices. However, only Funded Trading Plus provides options for cryptocurrency trading.

Community Feedback

According to Trustpilot, FundedNext has earned a rating of 4.7/5 from 7,049 reviews, while Funded Trading Plus holds a 4.9/5 rating from 1,788 reviews. This indicates that FundedNext currently enjoys a higher level of popularity among users.

Conclusion

In summary, FundedNext and Funded Trading Plus are both excellent choices for proprietary traders, offering distinct differences in trading rules, objectives, pricing, and community feedback. Notably, Funded Trading Plus differentiates itself with the addition of instant funding to its funding program options.

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