This article aims to offer a detailed comparison between two prominent proprietary trading firms, FundedNext and Funded Trading Plus. We focus on providing insights into their general company profiles and what they offer to forex traders globally, particularly in their two-step evaluation programs.
Company Overview
Here’s a brief look at each firm’s background:
- Inception: FundedNext was established in March 2022, whereas Funded Trading Plus started in November 2021.
- CEO: FundedNext is led by Abdullah Jayed, and Funded Trading Plus by Simon Massey.
- Headquarters: FundedNext operates from the UAE & Bangladesh, while Funded Trading Plus is based in London, UK.
- Maximum Capital Allocation: FundedNext offers up to $300,000, and Funded Trading Plus offers up to 2x $200,000.
Both firms are recognized for their reliability and trustworthiness in the proprietary trading sector.
Funding Program Options
Examining the funding programs provided by each firm:
- FundedNext offers two one-step evaluations and two two-step evaluations.
- Funded Trading Plus provides a one-step evaluation, two two-step evaluations, and an instant funding option.
Two-Step Evaluation Detailed Comparison
An in-depth comparison of the two-step evaluation programs:
- Comparing aspects like profit targets, drawdown limits, leverage, minimum trading days, trading periods, and profit splits.
Pricing Structure Across Account Sizes
Looking into the pricing for various account sizes:
- Account sizes range from $6,000 to $200,000, with each firm offering specific pricing for their programs.
Brokers and Trading Platforms
An overview of the brokers and trading platforms affiliated with each firm:
- FundedNext: Partners with Incenteco and GrowthNext, using MetaTrader 4 and 5.
- Funded Trading Plus: Collaborates with Eightcap, also offering MetaTrader 4 and 5.
Trading Instruments
Comparing the trading instruments available with each firm:
- Both firms offer Forex Pairs, Commodities, and Indices.
- Funded Trading Plus additionally provides options for trading in Cryptocurrencies.
Community Feedback
Exploring community feedback based on Trustpilot reviews:
- FundedNext: Has a 4.7/5 rating from 7,049 reviews, indicating a strong positive reception.
- Funded Trading Plus: Boasts a 4.9/5 rating from 1,788 reviews, reflecting high levels of trader satisfaction.
Conclusion: FundedNext vs Funded Trading Plus
In conclusion, both FundedNext and Funded Trading Plus offer excellent opportunities for traders, each with distinct advantages in terms of trading rules, objectives, pricing, and community feedback. Additionally, the difference in funding program options is notable, with FundedNext offering a blend of one-step and two-step evaluations, and Funded Trading Plus including the unique option of instant funding.
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