Comparison between FundedNext & The Funded Trader Program

In this article, we will go through what FundedNext and The Funded Trader Program have to offer. We will compare the firms in general and what they offer to forex traders.

Video Comparison

1. Company incorporation

	FundedNext	The Funded Trader Program
Incorporation date	March 2022	May 2021💚

FundedNext and The Funded Trader Program are legitimate proprietary trading firms. FundedNext was incorporated in May 2021. The Funded Trader Program, on the other hand, was incorporated in May 2021. Both proprietary trading firms are have made an excellent reputation for themselves and are attracting attention from forex traders worldwide.

2. Funding program options

Funding program options	FundedNext	The Funded Trader Program
One-phase evaluation	✅	❌
Two-phase evaluation	✅	✅

FundedNext and The Funded Trader Program have the following funding program options that their community can choose from. FundedNext has a one-phase evaluation and two-phase evaluation, while The Funded Trader Program has three two-phase evaluation programs.

Let’s look at the comparison between the two-phase evaluation programs since both proprietary trading firms are offering them.

Two-phase funding program comparison:

Rule/Guideline	FundedNext	The Funded Trader Program Standard Challenge	The Funded Trader Program Rapid Challenge	The Funded Trader Program Royal Challenge
Phase 1 profit target	10%	10%	8%💚	8%💚
Phase 2 profit target	5%	5%	5%	5%
Daily drawdown	5%	6%💚	5%	5%
Overall drawdown	10%	12%💚	8%	10%
Leverage	1:100	1:60 or 1:200	1:30 or 1:100	1:200💚
Minimum trading days	5 calendar days	3 calendar days	No minimum trading days💚	5 calendar days
Phase 1 trading period	30 calendar days	35 calendar days💚	35 calendar days💚	35 calendar days💚
Phase 2 trading period	60 calendar days	60 calendar days	60 calendar days	60 calendar days
Profit split	80% up to 90%	80% up to 90%	80% up to 90%	80% up to 90%

Now that we have gone through their rules and guidelines for their two-phase evaluation challenges we are going to go through pricing for different account sizes.

Account size	FundedNext	The Funded Trader Program Standard challenge	The Funded Trader Program Rapid Challenge	The Funded Trader Program Royal Challenge
$15,000	$99	❌	❌	❌
$25,000	$199	❌	❌	❌
$50,000	$299	$315	$299	$289💚
$100,000	$549	$549	$499	$489💚
$200,000	$999	$949	$899💚	$939
$300,000	❌	❌	❌	$1,399
$400,000	❌	$1,898	❌	❌

3. Broker and trading platform

Now that we have gone through all of the funding programs that they are offering. Let’s compare which brokers and trading platforms you can use with each prop trading firm.

	FundedNext	The Funded Trader Program
Broker	Eightcap	Purple Trading Seychelles, Eightcap
Trading platform	MetaTrader 4	MetaTrader 4, MetaTrader 5 (only with Eightcap)💚

4. Trading instruments

Another important factor are trading instruments. Let’s see which trading instruments you can trade with FundedNext and which with The Funded Trader Program.

Trading instrument	FundedNext	The Funded Trader Program
Forex pairs	✅	✅
Commodities	✅	✅
Indices	✅	✅
Crypto	❌	✅

5. Traders’ comments

The last thing we will go through is the feedback from FundedNext and The Funded Trader Program prop firms. The reviews we will be looking at are from Trustpilot.

Trustpilot statistics	FundedNext	The Funded Trader Program
Rating	4.4/5	4.9/5💚
Number of reviews	279	2,634💚

FundedNext has a rating of 4.4/5, while The Funded Trader Program has 4.9/5. However, the number of reviews differs slightly. FundedNext has only 279 reviews, while The Funded Trader Program has 2,634. One of the reasons behind such a significant difference is that FundedNext started operating in March 2022.

6. Conclusion

In conclusion, FundedNext and The Funded Trader Program are two excellent proprietary trading firms. The main difference between them would be the incorporation date since FundedNext has just started operating in March 2022 The difference can be easily seen from the reviews on Trustpilot. Besides that, the other significant difference would be the funding options. FundedNext offers two: one-phase and two-phase evaluations, while The Funded Trader Program has three two-phase evaluation programs.

Check our discount codes about the presented proprietary trading firms to end the comparison:

FundedNext 5% active discount code: FOREXPROPREVIEWS

The Funded Trader Program 10% discount code: forexpropreviews

This comparison was lastly updated on 06.10.2022 at 13:45 (CE(S)T).