FundedNext & FTMO Two-step Comparison

In this article, we will be making a general and two-step comparison between FundedNext and FTMO. We will compare the two mentioned proprietary trading firms in general and what they are offering to forex traders worldwide.

Company Details

Company Details	FundedNext	FTMO
Incorporation Date	March 2022	September 2015
CEO	Abdullah Jayed	Otakar Suffner
Office Location	UAE, USA, UK, Bangladesh	Prague, Czech Republic
Maximum Allocation Capital	$300,000	$400,000

FundedNext and FTMO are both reliable and trustworthy proprietary trading firms. FundedNext was incorporated in March 2022, while FTMO started operating in September 2015. When it comes to CEOs, Abdullah Jayed is the CEO of FundedNext, while FTMO is being run by Otakar Suffner. FundedNext has offices located in UAE, USA, UK, and Bangladesh, while FTMO has its headquarters in Prague, Czech Republic. And lastly, when it comes to the maximum allocation capital, traders can manage $300k two-step evaluation accounts with FundedNext, while with FTMO, traders can obtain funding up to $400k. Note that both proprietary trading firms also have a scaling plan.

Funding Program Options

Funding Program Options	FundedNext	FTMO
One-step Evaluation	✅	❌
Two-step Evaluation	✅	✅

FundedNext and FTMO both offer multiple funding programs to forex traders worldwide. FundedNext offers two one-step evaluations and two two-step evaluations. FTMO, on the other hand, offers a two-step evaluation.

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

Two-step Comparison:

Trading Rules/Objectives	FundedNext (Evaluation)	FundedNext (Stellar)	FTMO (Normal)	FTMO (Aggressive)
Phase 1 Profit Target	10%	8%	10%	20%
Phase 2 Profit Target	5%	5%	5%	10%
Daily Drawdown	5%	5%	5%	10%
Overall Drawdown	10%	10%	10%	20%
Leverage	1:100	1:100	1:30 up to 1:100	1:30 up to 1:100
Minimum Trading Days	5 calendar days	5 calendar days	4 calendar days	4 calendar days
Trading Period	Step 1: 30 calendar days Step 2: 60 calendar days	Step 1: Unlimited Step 2: Unlimited	Step 1: Unlimited Step 2: Unlimited	Step 1: Unlimited Step 2: Unlimited
Profit Split	80% up to 90%	80% up to 90%	80% up to 90%	80% up to 90%

Now that we have covered all the rules and guidelines of the two-step evaluation. Let’s take a closer look at prices.

Account Size	FundedNext (Evaluation)	FundedNext (Stellar)	FTMO (Normal)	FTMO (Aggressive)
$6,000	$49	$59	❌	❌
$10,000	❌	❌	€155	€250
$15,000	$99	$119	❌	❌
$25,000	$199	$199	€250	€345
$50,000	$299	$299	€345	€540
$100,000	$549	$519	€540	€1,080
$200,000	$999	$999	€1,080	❌

Brokers & Trading Platforms

After covering all the trading objectives, rules, and pricing, let’s take a closer look at brokers and trading platforms that we can use with each proprietary trading firm.

	FundedNext	FTMO
Broker	Eightcap, GrowthNext, Incenteco	Tier-1 Liquidity Provider with Best Simulated Real Market Trading Conditions
Trading Platform	MetaTrader 4, MetaTrader 5	MetaTrader 4, MetaTrader 5, cTrader

Trading instruments

Another important factor when comparing proprietary trading firms is trading instruments. Below you can see which trading instruments we can trade with FundedNext and FTMO.

Trading Instrument	FundedNext	FTMO
Forex Pairs	✅	✅
Commodities	✅	✅
Indices	✅	✅
Stocks	❌	✅
Bonds	❌	✅
Crypto	❌	✅

Community Feedback

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

Trustpilot Statistics	FundedNext	FTMO
Rating	4.7/5	4.9/5
Number of Reviews	6,530	5,519

FundedNext has a rating of 4.7/5 out of a total of 6,530 reviews, while FTMO has a rating of 4.9/5 out of 5,519 reviews. Based on the statistics, we can clearly see that FundedNext is the more popular proprietary trading firm at the moment.

Conclusion

In conclusion, FundedNext and FTMO are two excellent proprietary trading firm choices for any trader. We can see some clear differences regarding the trading rules and objectives, prices, and community feedback. In addition, we can also see that there is a difference regarding funding program options since FundedNext offers the following four: two one-step evaluations and two two-step evaluations. On the other hand, FTMO offers a two-step evaluation.

We will be ending the comparison with our special discount codes for each of the two compared proprietary trading firms. You can find both discount codes below!

FundedNext 10% discount code: FOREXPROPREVIEWS

This comparison was lastly updated on 15.08.2023 at 07:10 (CE(S)T).