FundedNext & The Funded Trader Two-step Comparison

In this article, we will be making a general and two-step comparison between FundedNext and The Funded Trader.

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

Company Details

Company DetailsFundedNextThe Funded Trader
Incorporation DateMarch 2022May 2021
CEOAbdullah JayedAngelo Ciaramello
Office LocationUnited Arab Emirates & BangladeshLiberty Hill, Texas
Maximum Allocation Capital$300,000$600,000

FundedNext and The Funded Trader are both reliable and trustworthy proprietary trading firms. FundedNext was incorporated in March 2022, while The Funded Trader started operating in May 2021. When it comes to CEOs, Abdullah Jayed is the CEO of FundedNext, while The Funded Trader is being run by Angelo Ciaramello. FundedNext has offices located in the United Arab Emirates and Bangladesh, while The Funded Trader has its headquarters in Liberty Hill, Texas. And lastly, when it comes to the maximum allocation capital, traders can manage $300k two-step evaluation accounts with FundedNext, while with The Funded Trader, traders can obtain funding up to $600k. Note that both proprietary trading firms also have a scaling plan.

Funding Program Options

Funding Program OptionsFundedNextThe Funded Trader
One-step Evaluation
Two-step Evaluation

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

That being said, let’s take a look at the comparison of the two-step evaluation programs.

Two-step Comparison:

Trading Rules/ObjectivesFundedNext (Evaluation)FundedNext (Stellar)The Funded Trader (Standard)The Funded Trader (Rapid)The Funded Trader (Royal)
Phase 1 Profit Target10%8%10%8%8%
Phase 2 Profit Target5%5%5%5%5%
Daily Drawdown5%5%5% (6% with addon)5%5%
Overall Drawdown10%10%10% (12% with addon)8%10%
Leverage1:1001:1001:60 or 1:2001:30 or 1:1001:200
Minimum Trading Days5 calendar days5 calendar days3 calendar daysNo minimum trading days5 calendar days
Trading PeriodStep 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
Step 1: Unlimited
Step 2: Unlimited
Profit Split80% up to 90%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 SizeFundedNext (Evaluation)FundedNext (Stellar)The Funded Trader (Standard)The Funded Trader (Rapid)The Funded Trader (Royal)
$5,000$65$79
$6,000$49$59
$10,000$129$129
$15,000$99$119
$25,000$199$199$199$229
$50,000$299$299$299$299$289
$100,000$549$519$499$499$489
$200,000$999$999$939$899$939
$300,000$1,409$1,399
$400,000$1,879$1,869

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.

FundedNextThe Funded Trader
BrokerIncenteco, GrowthNextEightcap, Purple Trading Seychelles
Trading platformMetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5, Think Markets

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 The Funded Trader.

Trading InstrumentFundedNextThe Funded Trader
Forex Pairs
Commodities
Indices
Crypto

Community Feedback

The last topic we will go through is community feedback from FundedNext and The Funded Trader. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.

Trustpilot StatisticsFundedNextThe Funded Trader
Rating4.7/54.5/5
Number of Reviews7,04913,361

FundedNext has a rating of 4.7/5 out of a total of 7,049 reviews, while The Funded Trader has a rating of 4.5/5 out of 13,361 reviews. Based on the statistics, we can clearly see that The Funded Trader is the more popular proprietary trading firm at the moment.

Conclusion

In conclusion, FundedNext and The Funded Trader 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, The Funded Trader also offers four: a one-step evaluation and three two-step evaluations.

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

The Funded Trader 10% discount code: forexpropreviews

This comparison was lastly updated on 04.10.2023 at 10:24 (CE(S)T).

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