Find out the major disadvantages of FundedNext Proprietary Trading Firms and alternatives with lower fees and more security. Unbiased FundedNext Alternatives reviews.

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.

Things we didn't like:

 Consistency rule for express accounts
  No free trials available
  Minimum 5 trading days

Why would you want an alternative to FUNDEDNEXT?

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. Another consideration is time, unless traders choose the Express funding model, they will have to meet their profit targets within the adequate time limit. Not all traders can perform within the pressured environment of limited periods.

What other users do not like about FundedNext

FundedNext TrustPilot Customer Reviews, Feedback and Complaints

On Trustpilot, FundedNext has currently 4.6k number of reviews with a TrustScore (the overall measurement of reviewer satisfaction) of 4.60/5.00.

Main Complains according to the Users' Reviews
  • account manager
  • customer service problems

What to look for in a FUNDEDNEXT Alternative?

No prop firm is without its rules and requirements, and FundedNext traders need to demonstrate their ability not only to make consistent profits but to do so while appropriately managing risk. These skills are necessary to proceed to the verification stage and become a funded trader, but outside of the evaluation context, they will be useful learning for traders managing real funds.

The FundedNext rules are like those of most prop firms: traders must trade a minimum of 10 days a month. These need not be consecutive, however, and as a bonus, there is no maximum number of trades per month, you simply need to stay within your risk cap.

When it comes to when you can trade, there is a slight difference between the funding models. Traders who choose the Evaluation or the Express Consistency model can trade 24 hours a day, 5 days a week. Those trialing the Express non-Consistency account can hold trades overnight and over weekends.

Across all account types and sizes, there will be caps on the maximum daily loss and overall drawdown, and certain profit targets must be met. Similarly, traders managing all accounts except the non-consistency express account will have to meet the consistency rule requirement. This rule was designed to help traders mitigate risk by maintaining consistency every week. The consistency rule is initiated in week 2 and is determined week by week using an average of trading days, trades, and lot sizes. There is a helpful video explaining the consistency rule on the FundedNext site, alongside a breakdown of each rule.

Regarding the permitted trading instruments, traders are free to trade any instruments, assets, or position sizes available on their trading platform. In an extension of this freedom, any trading style or strategy is allowed.

Best FUNDEDNEXT alternatives – Proprietary Trading Firms like (or better than) FUNDEDNEXT

Rating breakdown

Challenge Assessment
90%
4.5/5
Support
100%
5.0/5
Trading Fees
100%
5.0/5
Payout Scheme
90%
4.5/5

Things we liked:

 Exclusive Discount Code (20% Off Exclusive Offer)
 Minimal rules & unlimited time for completion
 Two-part assessment leading to $200,000 in funding
 Scaling plan & fast-track funding opt

Things we didn't like:

 A Relatively New player in the funded account offering

#1
FunderPro Overview

Founded in Malta in late 2022 by a group of traders and investment managers, FunderPro was born out of the need to provide an opportunity for traders to be judged on their merit without pressure or unnecessary rules. FunderPro traders can trade in their own time, for as long as they want or need, there are no deadlines looming down nor petty restrictions to trip over.

Rating breakdown

Challenge Assessment
80%
4.0/5
Support
90%
4.5/5
Trading Fees
80%
4.0/5
Payout Scheme
80%
4.0/5

Things we liked:

 Exclusive Discount Code (10% Off Exclusive Offer)
 No Trading Restrictions
 MetaTrader4, MetaTrader5

Things we didn't like:

 Minimum Trading Days
 Trailing Drawdown

#2
FXIFY Overview

FXIFY is a London-based proprietary trading firm that provides traders with access to up to $400,000 in capital, which can be scaled up to $4 million. Co-founded in 2023 by David Bhidey and Peter Brown, FXIFY offers flexible assessment programs, including One-Phase and Two-Phase options.

Rating breakdown

Challenge Assessment
80%
4.0/5
Support
80%
4.0/5
Trading Fees
80%
4.0/5
Payout Scheme
80%
4.0/5

Things we liked:

 Let you trade with leverage of up to 1:30

Things we didn't like:

 5%ers Challenge fee is on the higher end of the spectrum
 There are other holes in the 5%er offer

#3
the5ers Overview

The 5%ers is a prop trading firm founded by Gil Ben Hur and Snir Chiel. Both former forex day traders, Gil and Snier, experienced first-hand the frustrations that lack of capital bring to experienced traders ready to play the markets. Hence, the 5%ers Funding Program was born: a platform to reward worthy traders with significant capital, with profits shared in a win-win outcome.

FundedNext Alternatives Frequently Asked Questions (FAQs):

Are there any sites like FundedNext?
Yes, there are many sites offering similar services to FundedNext. These include FunderPro, FXIFY and many more. If you are looking for an alternative to FundedNext,  FunderPro is currently rank as the number one on the list of top Forex Prop Firms.
Who are FundedNext Top Competitors?
FundedNext 's top competitors in November 2024 are: FunderPro, FXIFY and more. FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

Are you Satisfied with what They Offer?

Join FunderPro