“It is a good prop firm, better than the others in my opinion. I tried the express model, so I took my time to analyze the trade without worrying about the time, and comparatively did good which includes my profit share about 75%. I got my funding along with a appreciation letter. Thanks for that.”
“Fundednext is gold. Maybe some of us hate the conditions of its program, but as a company, the people, the support provided to traders, are just another level. Just two month ago I passed their challenge phases and got funded as promised, and you can also withdraw your profit just within 15 days like me. Oh and one more thing, thanks for the certificate.”
“These guys are talent hunters. In the FX industry they find the best traders and help them by funding. This is really amazing for full time traders like me. Go On Fundednext.”
“It is a great prop firm which everyone definitely should know about. I have been through several firms before and understood the fact how hard it is to get funded by them, well but it is not the case with fundednext. They kinda try to help the traders for real.”
“I have just passed the challenge phase. It was an amazing experience, If you are confident about your instincts then it won't be that hard to pass the phases. I have to admit that fundednext delivers what it offers. I would definitely recommend fundednext to any professional trader.”
“Their Customer service team is always willing to help, they describe their models and plans so easily that actually helps understanding the company in a better way. I have been recommending this firm to my fellow traders as they are quite professional in the industry and they made huge money along with me. What a prop firm!!”
“I made 1749 on day one and lost 2543 on day two and was booted out. So I made a net loss of just over $800. But my buddy who recently joined made a loss of 1900 on day and is still active. I just don't understand.”
“FundedNext is offering the best models compared with other prop firms. Their express model is very user-friendly. I'm getting 15% profit share from the evaluation phase until I pass. And above all, the firm is legit. No bad reports till now, also I saw they are making payouts and updating at their discord community. Currently, I'm subscribed to the $15000 account and have a dream to scale up to 4 million dollars!”
“Legit my ass .... Starting with 15K express account, daily loss limit which 750 is calculated from 2 different days in a row, and account got frozed due to violation to daily loss limit breached. Really ??? My total loss limit is 1500 btw, I have the full screenshot of proof about my chat with the account manager that really disappointing, only ask me to topup to reset if I 'd like to continue.”
“Great support team. I was pretty confused seeing their model structure. But glad I directly contacted them and got my problem resolved. This is amazing. I will be signing up soon.”
“It would be a great tool if they would abide by their own described rules. I filed a dispute with my credit card company because it appears I will not get a proper resolution. I held my trade, based on what they described on their site in the FAQs. Anmol confirmed in her response, my understanding of this rule is correct. So, proceed with caution because you may never get a proper resolution. The earnings of 15% is appealing and more appealing than other prop firms, but if they do not abide by their own rules it is fruitless.
According to their website, as well as their support (which I have provided my bank the transcript of the discussion), I did not violate the balance rules. You are to maintain no less than 95% of your original balance at all times. I was above the original balance (in well over $1200 in profit) at the time the company paused my account and closed my trades. I have screenshots of what my ending balance was after they closed the trade I was holding and shared this with Anmol. After they closed my open trade, the balance was $15441.44. According to their rules, I would have violated, if my balance had dropped below $14,250, which is a loss of $750 of my original balance of $15,000. I have provided the company with screenshots of my balance from their dashboard, as well as MT4, showing my Balance, nor my Equity ever dropped below 95%. In the support discussion with me here is what Anmol stated:
Anmol 07:58:35 am
Let’s say that you get a 100000$ funded account. .You put on a trade, the trade goes to 5000$ in profit.. You think that the trade has more potential and you decide to leave the trade running overnight... Now, the next day, for some reason the market reverses and your trade goes back to breakeven...This is very normal right? It can happen any day..
But, here’s the twist.. When the new day started, your equity was around 105000$ and as the trade went back to breakeven, your equity went from $105000 to $100000..and your drawdown for the DAY based on Equity is 5%..and because of the fact that 'Equity based drawdown' firms count daily loss limit based on equity just like this example, they will count this as a violation of their daily drawdown rule and punish you for this, even though you did not make ANY loss on the original 100000 amount..
In this same scenario, FundedNext, a 'Balance based drawdown' firm will not count this as a violation. We will look at your account balance, which is $100,000. At this point, We will only count a daily loss violation if your account equity at any point goes to $95,000 for the day.
I hope you understand the difference.
*************************************************************
What I have provided above is a scenario that Anmol gave in my chat discussion with her. If you read the FAQs, you will see a similar scenario presented. It is important to know the rules, so you will know if you can hold a trade and if you might possibly need to hedge that trade to offset.
Again, it would be a great tool, if they abide by their own described rules. Also, their responses are pretty unprofessional and rude. I have never worked with any other prop firms. I wanted to give this one a chance because the 15% was appealing. Although I have asked, if according to their scenario and site rules, I did not lose any of my original balance and I was in profit and had dropped below my profit or the initial funded amount of $15K, how did I violate the rules, I have not been provided with an answer of that. They simply say I hit the daily loss limit of $750. Again their site and Anmol confirmed you can lose "your profit" plus 5% of your initial/original balance.
Therein is where my problem lies! Be well!”
“On my second trading week with fundednext and i earned around 7% of the profit overall. After trading with two other prop firms, the best thing I liked about this new company, that they have set a very doable benchmark to hit. 5% daily loss, quite easy to step it aside and earn profit (i don't do emotional impulsive trade tho). People say their support team is very responsive and this isn't a lie. This is the first time I think of withdrawing profit while trading in a demo account. Quite fascinating actually.”
“they are legit. I joined them after they launched and so far the experience is so much great. They are offering 15% profit when you are doing trade in demo account which is best, no one else is doing it. support and response is good also. waiting for my 1st payment. highly recommended.”
“Let me share my experience. So I used to be trader of a prop firm but right after i successfully completed my demo phases. they stopped contacting with me. i got my refund after so long.and its been few month that i am looking for a new firm.
i talked to the fundednext people first about the whole details and they were kind of fast to reply. even last sunday.so i bought one of their plan … express . so after subscribing and talking to the team. i got my mail confirmation of my account within 12 minutes exact.
i start trading yesterday and running till. so yeah. this is my experience so far with this compnay. I am a bit hopefull & the fees are less.”
“Hey, I've been trading for a few years now, but recently I thought about making money as a full-time trader. But I haven't been able to move forward because I haven't had enough money. Fundednext came up as I looked for a good prop company with a low spread size. I signed up for their "Express" plan, which gives me 100k. From the three trading days that I have had with fundednext, I have already made 4% on my account balance, which is pretty good for now. I had a great time with their customer service when I signed up for the service and was able to access my funds.
I had a wonderful experience with their support team during the subscription and accessing the funded account period. Even they provided me with tutorials on how to add the broker's pairs to trade on my MT4 right at the moment, I was having a bit of trouble.
In my case, this is kind of a one-time thing. So I am hoping for a lot from this company.
Best wishes to them and to me, too.”
