FTMO VS FUNDEDNEXT
Rating breakdown
FTMO Overview
FTMO is the latest in a burgeoning series of scouting programs. Propriety trading firms or “prop firms” put traders to the test (for a fee) through evaluations and challenges. The lucky few who pass are then funded with capital, and successful trades are split down a percentage with the broker. As scouting firms go, FTMO is an excellent all-rounder. Alongside a decent 80% payout for successful traders, FTMO equips users with webinars, workshops, and coaching.
Rating breakdown
FundedNext Overview
In 2022, Next Ventures launched a new platform: FundedNext was live. The prop firm quickly made a name for itself by its generous capital allowance: a staggering $4 million was on the table for FundedNext traders who get to keep 90% of any profits made.Compare FTMO VS FUNDEDNEXT Trading Features
| Trading Feature | FTMO | FUNDEDNEXT |
|---|---|---|
| 💰 Fees: | The FTMO Challenge with an initial capital EUR 10k balance costs €155; 25k balance for €250; 50k balance for €345; 100k balance for €540; 200k balance for €1080; Scaling plan up to $2 million. | For FundedNext evaluation model, you pay for the challenge costs from $99 for a $15,000 funded account to $999 for a $200,000 funded account. |
| 🚀 Profit split: | FTMO will pay out up to 90% profit share on a monthly basis. Periodically, the firm will allocate more balance into your FTMO Account if you consistently profit. | FundedNext pays out up to 90%. Your profit share will start at 60% in the express real account. After the first withdrawal, it will get bumped to 75%, and after the second withdrawal, it will again get bumped to 90%. |
| ✔️ Evaluation: | “FTMO Challenge,” a two-step evaluation | You must need to meet at least 10% account growth accumulatively in four consecutive months in a real account. In these four consecutive months, you need to make a minimum of two payouts, and your last month should end in a profit. |
| 🎯 Profit Target: | 10% for Step 1 and 2 in Normal Mode. 20% for Step 1 and 10% for Step 2 in Aggressive Mode. | A trader must achieve a profit target of 25% during the express model evaluation period without exceeding the 5% daily maximum profit or 10% maximum loss limits. |
| ⚓ Maximum drawdown (MDD): | Normal Mode: 5% Maximum daily loss. 10% Maximum loss. Aggressive Mode: 10% Maximum daily loss. 20% Maximum loss. | Your maximum daily drawdown on any given day is 5% of your account balance |
| ⌛ Trading Period: | The FTMO Challenge has No time limits. | There is no time limit or pressure to reach any profit target within a restricted period. |
| ⚖️ Leverage: | The leverage offered is up to 1:100 (Forex) and can be lowered upon request. cannot be increased. The swing account type has leverage of 1:30 (Forex). | FundedNext provides leverage of 1:100 to all trading accounts. |
| 🔧 Instruments: | Forex, Indices, Commodities, Cryptocurrencies and Stocks. | You can trade all the different assets that are available in the MT4, including Forex currency, raw feed, indices, and commodities. |
| 📰 Allow Trade News: | Yes in FTMO Challenge and Verification. After passing the Evaluation Process there are restrictions (except for Swing accounts). | Yes with FundedNext you can trade during news events. |
| 🔄 Weekend Position: | Yes in FTMO Challenge and Verification. After passing the Evaluation Process there are restrictions (except for Swing accounts). | Yes you are permitted to hold your trade overnight & over the weekend for the Evaluation program |
After spending several days researching different Proprietary Trading Firm for funded trading accounts, our team at start-business-online.com team collected various data points. For this review, we will compare Ftmo vs Fundednext.
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Are FTMO or FUNDEDNEXT currently the best possible options in the market? No Proprietary Trading Firm is perfect, and those two are no exception. While they do have a lot of pros, there are plenty of reasons why you might be looking for an alternative. So which Firms are better than Ftmo and Fundednext? Want to jump straight to the answer?
Compare FTMO VS FUNDEDNEXT Funded Trading Accounts Programs - Find the best firm for you
FTMO VS FUNDEDNEXT Prop Trading Firms at a glance
A handy comparison table with all the key facts for the Funded Trading Accounts Programs.
| Evaluation Metric | How they performed |
|---|---|
| Challenge Assessment | The FTMO Challenge is not a piece of cake but for a good reason. The idea behind prop firms is to headhunt expert traders. To get the most out of FTMO and begin trading with undreamed leverage, you need to be able to offer value to the company in return. On the other hand Not all traders will be suited to the FundedNext approach. While the rewards are high, the evaluation does not come without its rules and some traders will simply not be suited to the parameters of a prop firm challenge. |
| Customer support | This is a rather marmite issue. On the one hand, the in-depth reports and performance coaches offered to traders provide excellent support. However, there have been complaints of disgruntled users finding it hard to get a response from FTMO, so for this, we scored them at a 5. On the other hand The FundedNext firm has no restrictions on trading style. Their program is a great option regardless of the type of trader you are because they also provide very flexible trading guidelines. |
| Fee | The FTMO Challenge is neither free nor cheap; however, nor is it the most expensive of the prop firm challenges by a long way. Moreover, FTMO is one of the rarer scout trading sites that offers a refundable fee. On the other hand The FundedNext fees are not above the industry average, but there is of course an entry payment required for participating in the Challenge. on the minimum plan with a $15,000 balance, the initial fee is $99. To get the maximum balance of $200,000, you have to pay $999. |
| Payout scheme | FTMO scores highly on this metric as their payout is generous compared to some rival prop trading sites. On the other hand With FundedNext traders are entitled up to 90% of the profits they earn on a funded account. And withdrawing is simple. You will receive the first payout after four trading weeks, and from the second payout onwards, you will receive it every two trading weeks (14 days). The cycle will start once you place the first trade in your real account and will be applicable for each consecutive cycle. |
The Verdict: Ftmo or Fundednext?
There’s no such thing as a perfect Proprietary Trading Firm, but some are going to be a better fit for you than others.
Objectively, Fundednext is more reliable based on our criteria above.
What We Really Like on Fundednext
Unlimited evaluation free retries (7% Off Exclusive Offer)
No restrictions on trading style
Overnight and weekend holding allowed
A large variety of trading instruments
What We Do not Like on Ftmo
Complaints about the platform freezing
Complaints about lack of customer support
Other Important Factors That Influence Our decision the most
FTMO vs FundedNext: Head-to-Head Comparison
When it comes to proprietary trading firms, both FTMO and FundedNext have earned solid reputations. While FTMO is a pioneer in the space, FundedNext has emerged as a strong alternative, offering traders unique advantages. Let’s break down the key differences and determine which firm comes out on top.
1. Evaluation Process
FTMO: FTMO's evaluation consists of two stages: the Challenge and the Verification. Traders must meet strict profit targets within a set timeframe (30 days for the Challenge, 60 days for Verification).
FundedNext: FundedNext offers a similar two-step evaluation model but without strict time limits. This allows traders to progress at their own pace, reducing the pressure of time-bound challenges.
Winner: FundedNext – More flexibility with no time constraints gives traders an edge in managing risk.
2. Real vs. Demo Accounts
FTMO: Even after passing the FTMO challenge, traders continue to trade in a demo environment with virtual funds.
FundedNext: After passing the evaluation, FundedNext traders move directly to live accounts with real capital, making their profits and losses genuine.
Winner: FundedNext – Trading real capital right after passing the challenge is a significant advantage.
3. Trading Rules
FTMO: FTMO imposes some trading restrictions, such as no holding positions over the weekend and trading restrictions during high-impact news events, which can limit flexibility.
FundedNext: FundedNext offers more freedom, allowing traders to hold positions overnight and during weekends (for non-consistency accounts). It also permits trading across various assets and strategies.
Winner: FundedNext – Fewer restrictions make it a more appealing option for active and flexible traders.
4. Leverage & Capital
FTMO: FTMO offers up to 1:100 leverage and accounts with capital as high as $400,000.
FundedNext: FundedNext offers the same 1:100 leverage but outshines FTMO with account sizes reaching up to $4 million and a profit split of up to 90%.
Winner: FundedNext – Higher capital allocation and a better profit split make FundedNext the clear choice for traders seeking larger opportunities.
5. Pricing
FTMO: FTMO charges a one-time challenge fee, reimbursed after passing and receiving the first profit split. However, for some traders, this initial fee can be steep.
FundedNext: FundedNext also has an initial challenge fee, but the firm often runs promotions that offer more value, such as their Buy One, Get One Free (BOGO) deal, giving traders an additional challenge account after passing.
Winner: FundedNext – The added promotions provide more value for traders looking to maximize their investment.
6. Customer Support
FTMO: FTMO boasts multilingual support in 15 languages and has a solid reputation for responsiveness.
FundedNext: FundedNext also offers strong customer support, with the added benefit of dedicated account managers for each trader, ensuring personalized service.
Winner: FundedNext – Dedicated account managers offer more personalized attention than FTMO’s general support.
7. Trust & Regulation
FTMO: FTMO is a well-established firm, but operates without a regulated broker.
FundedNext: FundedNext partners with ASIC-regulated broker EightCap, providing a higher level of trust and security for traders.
Winner: FundedNext – Regulatory partnerships add an extra layer of transparency and trust.
Conclusion: FundedNext Takes the Win
While FTMO remains a top-tier choice for many traders, FundedNext edges ahead in key areas such as flexibility, access to real capital, fewer restrictions, and higher profit potential. With its trader-friendly rules, personalized support, and promotions like the BOGO offer, FundedNext is the better choice for traders looking for a superior prop trading experience.
Key Challenges and Frustrations Faced by Ftmo Users
Behind this decision lie some aspects of the FTMO nature and offering, that merit improvement or cause frustration or doubts in the heads of FTMO users:
- Not the easiest and best option for beginners
Due to the fact that it offers significantly more cryptos and especially altcoins as well as offering more complex tools and additional services, FTMO is perhaps too daunting for newbies. - Delays and inaccessibility of customer support
There have been complaints about the responsiveness and availability of FTMO’s customer support, criticizing mostly that there was no direct contact phone number and that other electronic communication methods were not as responsive, often taking days to get back to is users. - Security and transparency concerns
Claims it was hacked that were later refuted and a debate on where it is headquartered, which, following the Maltese authorities’ clarification that it is not registered with them and not permitted to operate from their soil, still remains a mystery of some sort may put off some potential or even existing FTMO users off.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Funded Trading Accounts based on your precise requirements here.