In this article, we will be making a general and two-step comparison between FundedNext and Funded Trading Plus.
FundedNext & Funded Trading Plus Two-step Comparison
In this article, we will be making a general and two-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 | United Arab Emirates & Bangladesh | London, UK |
| Maximum Allocation Capital | $300,000 | 2x $200,000 |
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 the United Arab Emirates & 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 two-step evaluation accounts with FundedNext, while with Funded Trading Plus, traders can obtain funding up to 2x $200k. Note that both proprietary trading firms also have a scaling plan.
Funding Program Options
| Funding Program Options | FundedNext | Funded Trading Plus |
|---|---|---|
| One-step Evaluation | ✅ | ✅ |
| Two-step Evaluation | ✅ | ✅ |
| Instant Funding | ❌ | ✅ |
FundedNext and Funded Trading Plus both offer multiple 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 an instant funding program.
That being said, let’s take a look at the comparison of the two-step evaluation programs.
Two-step Comparison:
| Trading Rules/Objectives | FundedNext (Evaluation) | FundedNext (Stellar) | Funded Trading Plus (Advanced) | Funded Trading Plus (Premium) |
|---|---|---|---|---|
| Phase 1 Profit Target | 10% | 8% | 10% | 8% |
| Phase 2 Profit Target | 5% | 5% | 5% | 5% |
| Daily Drawdown | 5% | 5% | 5% | 4% |
| Overall Drawdown | 10% | 10% | 10% (Trailing) | 8% (Trailing) |
| Leverage | 1:100 | 1:100 | 1:30 | 1:30 |
| Minimum Trading Days | 5 calendar days | 5 calendar days | No minimum trading days | No minimum trading 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) | Funded Trading Plus (Advanced) | Funded Trading Plus (Premium) |
|---|---|---|---|---|
| $6,000 | $49 | $59 | ❌ | ❌ |
| $15,000 | $99 | $119 | ❌ | ❌ |
| $25,000 | $199 | $199 | $199 | $247 |
| $50,000 | $299 | $299 | $349 | $397 |
| $100,000 | $549 | $519 | $499 | $547 |
| $200,000 | $999 | $999 | $999 | $1,097 |
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 | Incenteco, GrowthNext | 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.
| Trustpilot Statistics | FundedNext | Funded Trading Plus |
|---|---|---|
| Rating | 4.7/5 | 4.9/5 |
| Number of Reviews | 7,049 | 1,788 |
FundedNext has a rating of 4.7/5 out of a total of 7,049 reviews, while Funded Trading Plus has a rating of 4.9/5 out of 1,788 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 the following four: two one-step evaluations and two two-step evaluations. On the other hand, Funded Trading Plus also offers four: 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 04.10.2023 at 10:26 (CE(S)T).
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