FundedNext Review

Prop trading firms are becoming popular with both new and experienced Forex traders. If you are new to proprietary trading, it’s essential to ensure that the firm you choose is legitimate. One such firm is FundedNext, and many people are wondering if it’s a scam. In this review, we’ll look at FundedNext’s company profile, safety and regulations, and pros and cons to help you decide whether it’s legitimate or a scam.

🏢 Headquarters	Office no. 7, AI Robotics HUB, C1 Building, AFZ, Ajman, UAE
📅 Year founded	2022
🗺️ Regulation	IFSC
💻 Trading platform:	MetaTrader 4, MetaTrader 5, cTrader
💰 Account currency:	USD
📊 Accounts:	Evaluation model, Express model, Stellar model and Stellar Lite
💵 Withdrawal options:	Bank card, bank transfer, e-wallet, and crypto wallet
💵 Deposit options:	AstroPay, PayPal, Bank Transfer, BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin), DOGE (Dogecoin), SOL (Solana), Perfect Money, USDT (TRC20), USDT (ERC20), and USDC (ERC20)
🚀 Minimum deposit:	$32
⚖️ Leverage:	Up to 1:100
☪️ Islamic account (swap free)	Yes
🎮 Demo Account	Yes
💱 Spread:	No
🔧 Instruments:	Currencies, indices, cryptocurrencies and commodities
📋 Orders execution:	Unavailable
☎ Customer Support:	24/7
📚 Education	Yes

What is FundedNext?

FundedNext started in 2022 with offices in the United Arab Emirates (UAE) and the United States (USA). It is one of the top and most trusted prop trading firms, allowing investors to trade with funded accounts.

Based in Ajman, UAE, the firm has expanded globally with offices in the UAE, USA, and South-East Asia. This expansion shows its goal to be a major player in prop trading, serving traders worldwide. The company offers two main funding models: The Evaluation and the Express model. These models are designed for different trading styles and skill levels.

The Evaluation model is great for those who want a step-by-step path to trading success. The Express model is for confident traders who want a quicker way to trade with large amounts of money.

FundedNext aims to help traders around the world achieve financial independence, turning trading from a part-time activity into a full-time career. The company’s platform, which offers funding up to $300,000, shows its dedication to helping traders make significant financial gains.

Pros and Cons

Pros	Cons
Experienced traders help new traders.	No free plans.
Investors can use large amounts of trading capital.	The trading fee is not disclosed until trading starts.
After passing the challenge, traders can get up to $200,000 in their accounts.	Traders must trade at least 5 days a week.
Traders can earn 15% through the affiliate program.
No commission on indices.
Unlimited free evaluation retries.
Profit split up to 90%.
Traders can hold trades overnight and on weekends.
No restrictions on trading methods.
Each trader gets a designated account manager.

Is FundedNext legit?

Yes, FundedNext is legit. FundedNext is a trading platform that works with Eightcap brokers. Eightcap is an Australian company that offers trading solutions. This company is regulated by:

• The Financial Conduct Authority (FCA)
• The Securities Commission of The Bahamas (SCB)
• The Australian Securities and Investment Commission (ASIC)
• The Cyprus Securities and Exchange Commission (CySEC)

FundedNext is registered in the United Arab Emirates (Office no. 7, AI Robotics HUB, C1 Building, AFZ, Ajman, UAE). It is not a broker and does not hold a broker’s license.

In addition, FundedNext has a good Trustpilot profile with over 15,000 reviews and a 4.5-star rating.

FAQs

Is the Funded trader legit?

Yes, FundedNext is a legitimate company. It has integrated its technology with an ASIC broker, named Eightcap in Melbourne, Australia.

Is the Funded trader legit in the USA?

No, FundedNext is not regulated in the United States, so the Securities and Exchange Commission (SEC) does not consider it legitimate there.

How much can you withdraw from FundedNext?

In the Express, Stellar, and Evaluation models, traders can withdraw up to 15% during their assessment period.