FundedNext & The5ers Two-step Comparison

In this article, we will be making a general and two-step comparison between FundedNext and The5ers.

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In this article, we will be making a general and two-step comparison between FundedNext and The5ers. We will compare the two mentioned proprietary trading firms in general and what they are offering to forex traders worldwide.

Company Details

Company DetailsFundedNextThe5ers
Incorporation DateMarch 2022 April 2020
CEOAbdullah JayedGil Ben Hur
Office LocationUnited Arab Emirates & BangladeshLondon, UK
Maximum Allocation Capital$300,000$100,000

FundedNext and The5ers are both reliable and trustworthy proprietary trading firms. FundedNext was incorporated in March 2022, while The5ers started operating in April 2020. When it comes to CEOs, Abdullah Jayed is the CEO of FundedNext, while The5ers is being run by Gil Ben Hur. FundedNext has offices located in the United Arab Emirates and Bangladesh, while The5ers 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 The5ers, traders can obtain funding up to $100k. Note that both proprietary trading firms also have a scaling plan.

Funding Program Options

Funding Program OptionsFundedNextThe5ers
One-step Evaluation
Two-step Evaluation
Three-step Evaluation
Instant Funding

FundedNext and The5ers both offer multiple funding programs to forex traders worldwide. FundedNext offers two one-step evaluations and two two-step evaluations. The5ers, on the other hand, offers a two-step evaluation, a three-step evaluation, and instant funding.

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)The5ers
Phase 1 Profit Target10%8%8%
Phase 2 Profit Target5%5%5%
Daily Drawdown5%5%5%
Overall Drawdown10% 10%10%
Leverage1:1001:1001:100
Minimum Trading Days5 calendar days5 calendar days3 profitable days
Trading PeriodStep 1: 30 calendar days
Step 2: 60 calendar days
Step 1: Unlimited
Step 2: Unlimited
Step 1: Unlimited
Step 2: Unlimited
Profit Split80% up to 90%80% up to 90%80% up to 100% + monthly salary

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)The5ers
$5,000$39
$6,000$49$59
$15,000$99$119
$20,000$165
$25,000$199$199
$50,000$299$299
$60,000$300
$100,000$549$519$495
$200,000$979$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.

FundedNextThe5ers
BrokerIncenteco, GrowthNextLiquidity Provider who gives them Direct Market Access
Trading PlatformMetaTrader 4, MetaTrader 5MetaTrader 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 The5ers.

Trading InstrumentFundedNextThe5ers
Forex Pairs
Commodities
Indices

Community Feedback

The last topic we will go through is community feedback from FundedNext and The5ers. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.

Trustpilot StatisticsFundedNextThe5ers
Rating4.7/54.8/5
Number of Reviews7,0491,505

FundedNext has a rating of 4.7/5 out of a total of 7,049 reviews, while The5ers has a rating of 4.8/5 out of 1,505 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 The5ers 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, The5ers offers three: a two-step evaluation, a three-step evaluation, 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

The5ers 5% active discount link: https://the5ers.com/?ref=7909

This comparison was lastly updated on 04.10.2023 at 10:13 (CE(S)T).

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