In this comprehensive review, we delve into a detailed comparison of FundedNext and The5ers, two prominent proprietary trading firms. We explore their offerings and how they cater to the needs of forex traders around the globe.
Company Overview
Both FundedNext and The5ers have established themselves as reputable and reliable prop trading firms in the industry. Here’s a brief overview of their key details:
- Incorporation Dates: FundedNext began its operations in March 2022, while The5ers has been active since April 2020.
- Leadership: Abdullah Jayed leads FundedNext, whereas Gil Ben Hur is at the helm of The5ers.
- Global Presence: FundedNext operates out of the United Arab Emirates and Bangladesh, while The5ers is headquartered in London, UK.
- Capital Allocation: Traders at FundedNext can manage up to $300,000 in two-step evaluation accounts, compared to a maximum of $100,000 at The5ers.
Both firms also offer a scaling plan for traders to grow their managed funds.
Funding Program Varieties
FundedNext and The5ers provide diverse funding program options to accommodate different trading styles and preferences:
- FundedNext: Offers one-step and two-step evaluations.
- The5ers: Provides two-step and three-step evaluations, as well as instant funding options.
Next, we’ll compare their two-step evaluation programs in more detail.
Two-step Evaluation Comparison
Let’s examine the specific trading rules and objectives for each firm’s two-step evaluation programs:
- Profit Targets: Both firms require a 10% profit target in Phase 1, with a 5% target in Phase 2.
- Drawdown Limits: A daily drawdown limit of 5% and an overall limit of 10% is standard across both platforms.
- Leverage: Each firm offers a leverage of 1:100.
- Minimum Trading Days: A requirement of 5 calendar days for FundedNext, while The5ers mandates 3 profitable days.
- Trading Period: Both firms offer unlimited trading periods for both steps.
- Profit Split: Traders can earn between 80% to 90% at FundedNext and up to 100% plus a monthly salary at The5ers.
Now, let’s explore the pricing structure for different account sizes.
Account Pricing Comparison
Here’s a breakdown of the account fees for various account sizes at both FundedNext and The5ers:
- $5,000 Account: Available only at The5ers for $39.
- $6,000 Account: Priced at $49 (FundedNext) and $59 (FundedNext Stellar).
- $15,000 Account: Offered at $99 (FundedNext) and $119 (FundedNext Stellar).
- $20,000 Account: Exclusively at The5ers for $165.
- $25,000 Account: Both versions of FundedNext offer this account at $199.
- $50,000 Account: Priced at $299 at FundedNext and FundedNext Stellar.
- $60,000 Account: Available at The5ers for $300.
- $100,000 Account: Costs $549 (FundedNext), $519 (FundedNext Stellar), and $495 (The5ers).
- $200,000 Account: Available at FundedNext for $979 and at FundedNext Stellar for $999.
This comparison provides a clear understanding of what each firm offers to forex traders, helping you make an informed choice between FundedNext and The5ers.
Brokers & Trading Platforms Analysis
Continuing our in-depth comparison, let’s explore the brokers and trading platforms affiliated with FundedNext and The5ers.
Broker Partnerships
- FundedNext: Collaborates with Incenteco and GrowthNext.
- The5ers: Partners with a Liquidity Provider, offering Direct Market Access.
Trading Platforms
- FundedNext: Utilizes both MetaTrader 4 and MetaTrader 5 platforms.
- The5ers: Offers trading on the MetaTrader 5 platform.
Trading Instruments Comparison
Another crucial aspect to consider is the range of trading instruments available with each prop firm:
- Both FundedNext and The5ers provide access to a variety of instruments including Forex Pairs, Commodities, and Indices.
Community Feedback and Trust
The final aspect of our comparison looks at the community feedback from Trustpilot for both FundedNext and The5ers:
- FundedNext: Boasts a high rating of 4.7/5 from a substantial 7,049 reviews, indicating its popularity and reliability in the community.
- The5ers: Also enjoys a strong reputation with a rating of 4.8/5, although based on a smaller sample of 1,505 reviews.
This feedback from users provides valuable insights into the user experience and satisfaction levels with both proprietary trading firms.
Final Thoughts: FundedNext vs The5ers
As we conclude our comprehensive comparison between FundedNext and The5ers, it’s evident that both firms stand as exceptional choices for traders seeking a reliable proprietary trading firm. Each offers unique features and benefits that cater to various trading styles and preferences.
Summary of Key Differences
Our analysis highlighted several distinct differences between the two firms:
- Trading Rules and Objectives: Varying profit targets, drawdown limits, and leverage options are available, tailored to different trading strategies.
- Pricing Structures: Each firm offers competitive pricing options for various account sizes.
- Community Feedback: Both firms have strong community endorsements, with FundedNext showing a higher number of reviews on Trustpilot.
- Funding Program Options: FundedNext provides four options including two one-step and two two-step evaluations, while The5ers offers a two-step evaluation, a three-step evaluation, and instant funding.
Ultimately, the choice between FundedNext and The5ers will depend on the individual trader’s requirements and trading style.
