In this article, we will be making a general and one-step comparison between FundedNext and Funded Trading Plus.
FundedNext & Funded Trading Plus One-step Comparison
In this article, we will be making a general and one-step comparison between FundedNext and Funded Trading Plus. 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 | Funded Trading Plus |
|---|---|---|
| Incorporation date | March 2022 | November 2021 |
| CEO | Abdullah Jayed | Simon Massey |
| Office Location | UAE, USA, UK, Bangladesh | London, UK |
| Maximum Allocation Capital | $300,000 | $2,500,000 |
FundedNext and Funded Trading Plus are both reliable and trustworthy proprietary trading firms. FundedNext was incorporated in March 2022, while Funded Trading Plus started operating in November 2021. When it comes to CEOs, Abdullah Jayed is the CEO of FundedNext, while Funded Trading Plus is being run by Simon Massey. FundedNext has offices located in UAE, USA, UK, and Bangladesh, while Funded Trading Plus has its headquarters in London, UK. And lastly, when it comes to the maximum allocation capital, traders can manage 300k one-step evaluation accounts with FundedNext, while with Funded Trading Plus, traders can manage up to $200,000 in one-step evaluation accounts. Note that both proprietary trading firms also have a scaling plan.
Funding Program Options
| Funding Program Options | FundedNext | Funded Trading Plus |
|---|---|---|
| One-phase Evaluation | ✅ | ✅ |
| Two-phase Evaluation | ✅ | ✅ |
| Instant Funding | ❌ | ✅ |
FundedNext and Funded Trading Plus both offer funding programs to forex traders worldwide. FundedNext offers two one-step evaluations and two two-step evaluations. Funded Trading Plus, on the other hand, offers a one-step evaluation, two two-step evaluations, and instant funding.
That being said, let’s take a look at the comparison of the one-step evaluation programs.
One-step Comparison:
| Trading Rules/Objectives | FundedNext (Stellar) | FundedNext (Express Consistency) | FundedNext (Express Non-consistency) | Funded Trading Plus |
|---|---|---|---|---|
| Profit Target | 10% | 25% | 25% | 10% |
| Daily Drawdown | 3% | 5% | 5% | 3% |
| Overall Drawdown | 6% | 10% | 10% | 6% (Trailing) |
| Leverage | 1:100 | 1:100 | 1:100 | 1:30 |
| Minimum Trading Days | 5 calendar days | 10 calendar days | 10 calendar days | No limit |
| Trading Period | No limit | No limit | No limit | No limit |
| Profit Split | 80% up to 90% | 60% up to 90% | 60% up to 90% | 80% up to 90% |
Now that we have covered all the rules and guidelines of the one-step evaluation. Let’s take a closer look at prices.
| Account Size | FundedNext (Stellar) | FundedNext (Express Consistency) | FundedNext (Express Non-consistency) | Funded Trading Plus |
|---|---|---|---|---|
| $6,000 | $59 | $49 | $59 | ❌ |
| $12,500 | ❌ | ❌ | ❌ | $119 |
| $15,000 | $119 | $99 | $119 | ❌ |
| $25,000 | $199 | $199 | $229 | $199 |
| $50,000 | $299 | $299 | $379 | $349 |
| $100,000 | $519 | $549 | $699 | $499 |
| $200,000 | $999 | $999 | ❌ | $999 |
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 | Funded Trading Plus | |
|---|---|---|
| Broker | Eightcap, GrowthNext, Incenteco | Eightcap |
| Trading Platform | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
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 Funded Trading Plus.
| Trading Instrument | FundedNext | Funded Trading Plus |
|---|---|---|
| Forex pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Crypto | ❌ | ✅ |
Community Feedback
The last topic we will go through is community feedback from FundedNext and Funded Trading Plus. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.
| FundedNext | Funded Trading Plus | |
|---|---|---|
| Rating | 4.7/5 | 4.9/5 |
| Number of Reviews | 5,075 | 1,482 |
FundedNext has a rating of 4.7/5 out of a total of 5,075 reviews, while Funded Trading Plus has a rating of 4.9/5 out of 1,482 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 Funded Trading Plus 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 two one-step evaluations and two two-step evaluations. On the other hand, Funded Trading Plus also offers a one-step evaluation, two two-step evaluations, and instant funding.
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
Funded Trading Plus 10% active discount code: FOREXPROPREVIEWS
This comparison was lastly updated on 12.06.2023 at 13:18 (CE(S)T).
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