If you’re considering taking on a challenge with Funded Next, you’ve come to the right place. This updated review will evaluate Funded Next’s current offerings and performance compared to a previous review conducted about a year ago. Let’s explore whether Funded Next has improved, stayed consistent, or fallen short.
Key Features and Updates
Funded Next has updated its website, offering a sleek, user-friendly design with faster load times. The improved navigation and aesthetics enhance the overall experience, showcasing their commitment to technological advancement.
New Challenge: Stellar Light
A significant update includes the addition of the Stellar Light challenge. This new option caps accounts at $50K and offers reduced loss limits—4% daily and 8% overall—making it ideal for traders looking for smaller-scale opportunities. However, the original Stellar Two-Step challenge remains a standard offering with industry-standard parameters:
- Phase One: 8% profit target.
- Phase Two: 5% profit target.
- Maximum Daily Loss: 5%.
- Maximum Overall Loss: 10%.
Drawdown Type
Funded Next utilizes balance-based drawdown, widely regarded as the best approach. This ensures clarity and consistency for traders.
Competitive Commissions
Funded Next charges a $3 commission per round lot, the lowest in the industry. This competitive pricing is an attractive feature for cost-conscious traders.
Profit Split Improvements
Funded Next has increased the maximum profit split from 90% to 95%, rewarding traders who maintain their accounts longer and scale up.
Additional Features
- Leverage: 1:100 remains standard.
- Expert Advisors (EA) and Trade Copiers: Allowed but with strict requirements.
- Reset Feature: Traders can retake a failed challenge with a 10% discount.
- Profit Share During Challenges: A standout feature, offering a 15% payout for profits achieved in Phase One and Phase Two.
Trading Conditions and Customer Support
Improved Trading Conditions
Funded Next collaborates with top-tier liquidity providers to create realistic trading environments on platforms like MT4, MT5, and CTrader. Complaints about slippage and trading conditions have significantly reduced, indicating notable improvements.
Enhanced Customer Support
The introduction of AI-assisted support has streamlined the resolution of basic queries, while human representatives are available within 10-20 minutes for more complex issues. This efficient system reflects their dedication to customer satisfaction.
Trust and Reliability
Trustpilot Reviews
Funded Next’s Trustpilot rating has slightly decreased from 4.7 to 4.5 stars despite tripling its review volume to over 15,000. The consistent five-star to one-star ratio demonstrates reliability and customer satisfaction.
Endorsements and Brand Trust
Partnerships with global icons like cricketer Chris Gayle and football goalkeeper Emiliano Martínez lend credibility to the brand. These endorsements reinforce Funded Next’s commitment to integrity and professionalism.
Payout Reliability
Complaints about payouts have significantly decreased. While occasional grievances persist, they are less frequent, suggesting improved processes. Traders adhering to rules report smooth payout experiences.
| Category | Rating | Comments |
|---|---|---|
| Trust and Payouts | 6/10 | Payout reliability has improved noticeably, and reduced complaints enhance trust, but there’s still room to grow. |
| Unique Perks | 8/10 | Features like a 15% profit share during challenge phases and a discounted reset option stand out. |
| Rules and Regulations | 8/10 | Industry-standard rules with competitive profit targets and loss limits make their offerings attractive. |
| Trading Conditions | 8/10 | Tight spreads, balance-based drawdown, and robust platforms position Funded Next as a strong choice. |
| Customer Support | 7/10 | The inclusion of AI-assisted support and quicker human response times highlight significant improvements. |
Conclusion
Funded Next has made significant strides in enhancing its offerings, from improved trading conditions to a user-friendly website and increased profit splits. With standout features like the Stellar Light challenge and efficient customer support, it remains a strong choice for traders. While trust and payouts still need attention, the overall improvements solidify its competitive position in the industry.
FAQs
1. What is Funded Next?
Funded Next is a proprietary trading firm offering funded accounts after traders complete specific challenges.
2. What’s new in Funded Next’s offerings?
Updates include the Stellar Light challenge, increased profit splits, and a redesigned website.
3. How does the profit share work?
Traders receive 15% of profits during challenge phases and can scale up to a 95% profit split.
4. Are U.S. traders eligible?
No, Funded Next no longer accepts U.S.-based traders.
5. How reliable are payouts?
While complaints have decreased, strict rule adherence is essential for smooth payouts.
6. What should traders know before starting?
Understand the rules, leverage the reset feature, and aim for smaller profit targets initially.
