FundedNext & The Funded Trader Two-step Comparison
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Welcome to our comparison between FundedNext and The Funded Trader, where we will compare all the major aspects of each company. We will be looking into the companies themselves as well as the two-step evaluations that both offer to traders from all across the globe.
Company Details
| Company Details | FundedNext | The Funded Trader |
|---|---|---|
| Incorporation Date | March 2022 | May 2021 |
| CEO | Abdullah Jayed | Angelo Ciaramello |
| Office Location | United Arab Emirates & Bangladesh | Liberty Hill, Texas |
| Scaling Plan |  | |
FundedNext and The Funded Trader are two reputable and trustworthy proprietary trading firms. FundedNext was incorporated in March 2022 while being managed by their CEO, Abdullah Jayed. They have their offices located in the United Arab Emirates and Bangladesh. The Funded Trader, on the other hand, was incorporated in May 2021 while being managed by its CEO, Angelo Ciaramello. Additionally, their offices are also located in Liberty Hill, Texas.
Funding Program Options
| Funding Program Options | FundedNext | The Funded Trader |
|---|---|---|
| One-step Evaluation | | |
| Two-step Evaluation | | |
| Two-step Evaluation |  | |
FundedNext provides their traders with an opportunity to choose between six funding programs to acquire funding, three two-step evaluations and three one-step evaluations. The Funded Trader, on the other hand, allows its traders to choose between five funding programs to acquire funding, three two-step evaluations, a one-step evaluation, and a three-step evaluation.
Two-step Comparison:
| Trading Objectives | Two-step Stellar | Stellar Lite | Evaluation Model | Standard Challenge | Rapid Challenge | Royal Challenge |
|---|---|---|---|---|---|---|
| Profit Target (Phase 1) | 8% | 8% | 10% | 10% | 8% | 8% |
| Profit Target (Phase 2) | 5% | 4% | 5% | 5% | 5% | 5% |
| Maximum Daily Loss | 5% | 4% | 5% | 5% | 5% | 5% |
| Maximum Loss | 10% | 8% | 10% | 10% | 8% | 10% |
| Minimum Trading Days | 5 Calendar Days | 5 Calendar Days | 5 Calendar Days | 3 Calendar Days | No Minimum Trading Days | 5 Calendar Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: 4 Weeks Phase 2: 8 Weeks | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Leverage | 1:100 | 1:100 | 1:100 | 1:200 (1:100 Once Funded) | 1:100 | 1:50 |
| Profit Split | 80% up to 95% | 80% up to 95% | 80% up to 95% | 80% up to 90% | 80% up to 90% | 75% up to 90% |
After covering the trading objectives of each company’s two-step evaluations, let’s take a look at the account sizes and costs of these two-step evaluations.
| Account Size | Two-step Stellar | Stellar Lite | Evaluation Model | Standard Challenge | Rapid Challenge | Royal Challenge |
|---|---|---|---|---|---|---|
| $5,000 | | $32 | | $65 | $79 | $60 |
| $6,000 | $59 | | $49 | | | |
| $10,000 | | $59 | | $129 | $129 | $120 |
| $15,000 | $119 | | $99 | | | |
| $25,000 | $199 | $139 | $199 | $199 | $229 | $189 |
| $50,000 | $299 | $229 | $299 | $299 | $299 | $289 |
| $100,000 | $519 | $399 | $549 | $499 | $499 | $489 |
| $200,000 | $999 | | $999 | $1,135 | $899 | $1,158 |
Brokers & Trading Platforms
Now that we have addressed the trading objectives, account sizes, and costs associated with FundedNext and The Funded Trader, it’s time to examine the brokers and trading platforms compatible with each proprietary trading entity.
| Â | FundedNext | The Funded Trader |
|---|---|---|
| Broker | FundedNext Server | Voyage Markets, Thaurus LTD |
| Trading Platform | MetaTrader 4, MetaTrader 5, cTrader | MetaTrader 5, cTrader, DXtrade, Match-Trader |
Trading Instruments
Another important aspect to compare between proprietary trading firms is trading instruments. In the spreadsheet below, you will be able to learn which trading instrument types can be traded with FundedNext and which with The Funded Trader.
| Trading Instrument | FundedNext | The Funded Trader |
|---|---|---|
| Forex Pairs | | |
| Commodities | | |
| Indices | | |
| Cryptocurrencies | | |
Community Feedback
The last topic we will cover is community feedback from FundedNext and The Funded Trader. The statistics are taken from the Trustpilot page of each of the mentioned companies.
| Trustpilot Statistics | FundedNext | The Funded Trader |
|---|---|---|
| Rating | 4.5/5 | 3.4/5 |
| Number of Reviews | 18,332 | 20,170 |
| 5-Star Ratings | 83% | 69% |
FundedNext has an excellent rating of 4.5/5. This is out of a total of 18,332 reviews, where 83% of them are rated as 5 stars. The Funded Trader, on the other hand, has an average rating of 3.4/5. However, this is out of a total of 20,170 reviews, where 69% of them are rated as 5 stars.
Conclusion
In conclusion, FundedNext and The Funded Trader are two incredible choices within the proprietary trading firm industry. We can clearly see there are numerous differences within the compared proprietary trading firms, such as trading objectives, account sizes, costs, and community feedback. In addition, there is also a major difference within the funding programs that each of the companies are offering. FundedNext has three two-step evaluations and three one-step evaluations, while The Funded Trader has three two-step evaluations, a one-step evaluation, and a three-step evaluation.
This concludes our comparison between FundedNext and The Funded Trader. If either of the compared proprietary trading firms sparked an interest, we have prepared a unique discount code, which you can apply while purchasing an evaluation to make it even more affordable!
FundedNext 5% discount code:Â FOREXPROPREVIEWS
The Funded Trader 10% discount code: FOREXPROPREVIEWS
Our comparison between FundedNext and The Funded Trader was last updated on 19.06.2024 at 09:26 (CE(S)T).
