In this article, we will be making a general and two-step comparison between True Forex Funds and FundedNext.
True Forex Funds & FundedNext Two-step Comparison
In this article, we will be making a general and two-step comparison between True Forex Funds and FundedNext. We will compare the two mentioned proprietary trading firms in general and what they are offering to forex traders worldwide.
Company Details
| Company Details | True Forex Funds | FundedNext |
|---|---|---|
| Incorporation Date | October 2021 | March 2022 |
| CEO | Richard Nagy | Abdullah Jayed |
| Office Location | Győr, Hungary | United Arab Emirates & Bangladesh |
| Maximum Allocation Capital | $400,000 | $300,000 |
True Forex Funds and FundedNext are both reliable and trustworthy proprietary trading firms. True Forex Funds was incorporated in October 2021, while FundedNext started operating in March 2022. When it comes to CEOs, Richard Nagy is the CEO of True Forex Funds, while FundedNext is being run by Abdullah Jayed. True Forex Funds has offices located in Győr, Hungary, while FundedNext has its headquarters in the United Arab Emirates and Bangladesh. And lastly, when it comes to the maximum allocation capital, traders can manage $400k two-step evaluation accounts with True Forex Funds, while with FundedNext, traders can obtain funding up to 300k. Note that both proprietary trading firms also have a scaling plan.
Funding Program Options
| Funding Program Options | True Forex Funds | FundedNext |
|---|---|---|
| One-step Evaluation | ✅ | ✅ |
| Two-step Evaluation | ✅ | ✅ |
True Forex Funds and FundedNext both offer multiple funding programs to forex traders worldwide. True Forex Funds offers three two-step evaluations and a one-step evaluation. FundedNext, on the other hand, offers two one-step evaluations and two 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/Objectives | True Forex Funds (Standard) | True Forex Funds (Quick Funding) | True Forex Funds (Limitless) | FundedNext (Evaluation) | FundedNext (Stellar) |
|---|---|---|---|---|---|
| Phase 1 Profit Target | 8% | 8% | 8% | 10% | 8% |
| Phase 2 Profit Target | 5% | 5% | 5% | 5% | 5% |
| Daily Drawdown | 5% | 5% | 5% | 5% | 5% |
| Overall Drawdown | 10% | 10% | 10% | 10% | 10% |
| Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| Minimum Trading Days | 5 calendar days | No minimum trading days | 5 calendar days | 5 calendar days | 5 calendar days |
| Trading Period | Step 1: 30 calendar days Step 2: 60 calendar days | Step 1: 30 calendar days Step 2: 60 calendar days | Step 1: Unlimited Step 2: Unlimited | Step 1: 30 calendar days Step 2: 60 calendar days | Step 1: Unlimited Step 2: Unlimited |
| Profit split | 80% | 80% | 80% | 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 | True Forex Funds (Standard) | True Forex Funds (Quick Funding & Limitless) | FundedNext (Evaluation) | FundedNext (Stellar) |
|---|---|---|---|---|
| $6,000 | ❌ | ❌ | $49 | $59 |
| $10,000 | €89 | €98 | ❌ | ❌ |
| $15,000 | ❌ | ❌ | $99 | $119 |
| $25,000 | €189 | €208 | $199 | $199 |
| $50,000 | €299 | €329 | $299 | $299 |
| $100,000 | €499 | €549 | $549 | $519 |
| $200,000 | €998 | €1,098 | $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.
| True Forex Funds | FundedNext | |
|---|---|---|
| Broker | Tier-1 Liquidity Provider with Best Simulated Real Market Trading Conditions | Eightcap, GrowthNext, Incenteco |
| 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 True Forex Funds and FundedNext.
| Trading Instrument | True Forex Funds | FundedNext |
|---|---|---|
| Forex Pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Stocks | ✅ | ❌ |
| Crypto | ✅ | ❌ |
Community Feedback
The last topic we will go through is community feedback from True Forex Funds and FundedNext. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.
| Trustpilot Statistics | True Forex Funds | FundedNext |
|---|---|---|
| Rating | 4.7/5 | 4.7/5 |
| Number of Reviews | 2,257 | 7,049 |
True Forex Funds has a rating of 4.7/5 out of a total of 2,257 reviews, while FundedNext has a rating of 4.7/5 out of 7,049 reviews. Based on the statistics, we can clearly see that FundedNext is the more popular proprietary trading firm at the moment.
Conclusion
In conclusion, True Forex Funds and FundedNext 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 True Forex Funds offers three two-step evaluations and a one-step evaluation. On the other hand, FundedNext offers four: two one-step evaluations and two 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
This comparison was lastly updated on 04.10.2023 at 10:43 (CE(S)T).
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