Comparison between FundedNext & True Forex Funds

In this article, we will go through what FundedNext and True Forex Funds have to offer. We will compare the firms in general and what they offer to forex traders.

Video Comparison

1. Company incorporation

	FundedNext	True Forex Funds
Incorporation date	March 2022	October 2021💚

FundedNext and True Forex Funds are legitimate proprietary trading firms. FundedNext was incorporated in May 2021. True Forex Funds, on the other hand, was incorporated in November 2021. Both proprietary trading firms are relatively new, however, despite the short period they are operating, they have made an excellent reputation for themselves and are attracting attention from forex traders worldwide.

2. Funding program options

Funding program options	FundedNext	True Forex Funds
One-phase evaluation	✅	❌
Two-phase evaluation	✅	✅

FundedNext and True Forex Funds have the following funding program options that their community can choose from. FundedNext has a one-phase evaluation and two-phase evaluation, while True Forex Funds only has a two-phase evaluation.

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

Two-phase funding program comparison:

Rule/Guideline	FundedNext	True Forex Funds
Phase 1 profit target	10%	8%💚
Phase 2 profit target	5%	5%
Daily drawdown	5%	5%
Overall drawdown	10%	10%
Leverage	100:1	100:1
Minimum trading days	5 calendar days	5 calendar days
Phase 1 trading period	30 calendar days	30 calendar days
Phase 2 trading period	60 calendar days	60 calendar days
Profit split	80% up to 90%💚	80%

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	True Forex Funds
$10,000	❌	€89
$15,000	$99	❌
$25,000	$199💚	€189
$50,000	$299💚	€299
$100,000	$549💚	€499
$200,000	$999💚	€998

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	True Forex Funds
Broker	Eightcap	Tier-1 Liquidity Provider with Direct Market Access
Trading platform	MetaTrader 4	MetaTrader 4, MetaTrader 5💚

4. Trading instruments

Another important factor are trading instruments. Let’s see which trading instruments you can trade with FundedNext and which with True Forex Funds.

Trading instrument	FundedNext	True Forex Funds
Forex pairs	✅	✅
Commodities	✅	✅
Indices	✅	✅
Crypto	❌	✅
Bonds	❌	✅
Futures	❌	✅

5. Traders’ comments

The last thing we will go through is the feedback from FundedNext and True Forex Funds prop firms. The reviews we will be looking at are from Trustpilot.

Trustpilot statistics	FundedNext	True Forex Funds
Rating	4.4/5	4.6/5💚
Number of reviews	279💚	226

FundedNext has a rating of 4.4/5, while True Forex Funds has 4.6/5. However, the number of reviews differs slightly. FundedNext has only 279 reviews, while True Forex Funds has 226. One of the reasons behind such a significant difference is that FundedNext started operating in March 2022 and has gained popularity drastically in the prop firm community.

6. Conclusion

In conclusion, FundedNext and True Forex Funds 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 in 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 True Forex Funds only has a two-phase evaluation.

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

FundedNext 5% active discount code: FOREXPROPREVIEWS

True Forex Funds has a 15% cashback option for those who purchase a challenge through our affiliate link

This comparison was lastly updated on 06.01.2023 at 08:43 (CE(S)T).