In this article, we present a comprehensive comparison between two well-known proprietary trading firms, FundedNext and The Funded Trader. Our goal is to examine each firm in detail, focusing on their offerings to forex traders globally, including company specifics, funding program options, trading rules, platforms, and instruments.
Company Profiles
A snapshot of the key details of both firms:
- Founding: FundedNext began operations in March 2022, and The Funded Trader in May 2021.
- CEO: FundedNext is led by Abdullah Jayed, and The Funded Trader by Angelo Ciaramello.
- Headquarters: FundedNext is based in the UAE & Bangladesh, and The Funded Trader in Liberty Hill, Texas.
- Maximum Capital Allocation: FundedNext offers up to $300,000, while The Funded Trader offers up to $600,000.
Both firms are recognized for their reliability and trustworthiness in the prop trading industry.
Funding Program Options
Exploring the funding program options of each firm:
- FundedNext offers a mix of one-step and two-step evaluations.
- The Funded Trader provides a one-step evaluation and three different two-step evaluations.
Detailed Two-Step Evaluation Comparison
An in-depth look at the two-step evaluation programs of both firms:
- Comparing profit targets, drawdown limits, leverage, minimum trading days, trading periods, and profit splits.
Pricing Across Different Account Sizes
Examining the pricing for various account sizes:
- Account sizes range from $5,000 to $400,000, with each firm offering specific pricing structures.
Brokers and Trading Platforms
Overview of the brokers and trading platforms associated with each firm:
- FundedNext: Partners with Incenteco and GrowthNext, using MetaTrader 4 and 5.
- The Funded Trader: Works with Eightcap, Purple Trading Seychelles, and Think Markets, offering MetaTrader 4 and 5, and Think Markets.
Trading Instruments
Comparing the trading instruments available with each firm:
- Both firms offer Forex Pairs, Commodities, and Indices.
- The Funded Trader additionally offers trading in Cryptocurrencies.
Community Feedback
Analyzing community feedback based on Trustpilot reviews:
- FundedNext: Holds a 4.7/5 rating from 7,049 reviews, indicating a positive reputation.
- The Funded Trader: Has a 4.5/5 rating from 13,361 reviews, showcasing its wider reach and popularity.
Conclusion: FundedNext vs The Funded Trader
In conclusion, both FundedNext and The Funded Trader offer excellent options for traders, each with their own set of unique benefits and characteristics. Differences are evident in their trading rules, objectives, prices, and community feedback. Additionally, there is variation in funding program options, with FundedNext offering two one-step and two two-step evaluations, while The Funded Trader offers one one-step and three two-step evaluations.
Exclusive Discount Codes
Finally, we are pleased to provide special discount codes for both FundedNext and The Funded Trader:
You can check this page to view discount coupons of various prop firms.
For more insights into forex prop firms and access to exclusive deals, visit All Prop Trading Firms or explore our detailed list of forex funded programmes.