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Reviews
5.0
Trader’s Satisfaction
$6K
2 Steps
being able to still trade on MT4 & 5 is a big plus for me, and there is very little restricts on trading style.. so im free executing trades any time even during news.. the payout process is straight forward and never had denials or profits being held back for any reason
1 Month +
2
1
the need not to worry if your payout will not be successful
prices are higher compared to other firms
4.0
User Friendliness
5.0
Payout Process
5.0
Customer Care
4.0
Trading Conditions
NGReviews
5.0
Trader’s Satisfaction
$50K
2 Steps
I've been funded with fundednext for over 7 months and I've received over $20k in payouts. Their payouts are always seamless, they pay in less than 24hrs and they've never disappointed me.
6 Months +
10+
4
Transparency
No weekly payment option
5.0
User Friendliness
5.0
Payout Process
5.0
Customer Care
5.0
Trading Conditions
IDReviews
3.0
Trader’s Satisfaction
$100K
2 Steps
I've been in propfirm Fundednext for almost 2 years. But last week I was suddenly banned permanently. My account was terminated and I can no longer register with Fundednext. On August 16, I opened my first trade with a profit of $1000, which made my balance at that time 100,990, then I used that as my buffer. So in the next transaction I opened a transaction with 5% rpt. I use a high rpt because I have a method whose win rate accuracy is very good and has been tested and I have back tested my method that my method is indeed aggressive. But I'm defi...
1 Month +
0
The payout system
The ethic and standard team was unfair
5.0
User Friendliness
5.0
Payout Process
5.0
Customer Care
1.0
Trading Conditions
Reason
Breach Reason
Using high level of margin,
Summary
I've been in propfirm Fundednext for almost 2 years. But last week I was suddenly banned permanently. My account was terminated and I can no longer register with Fundednext. On August 16, I opened my first trade with a profit of $1000, which made my balance at that time 100,990, then I used that as my buffer. So in the next transaction I opened a transaction with 5% rpt. I use a high rpt because I have a method whose win rate accuracy is very good and has been tested and I have back tested my method that my method is indeed aggressive. But I'm definitely not that stupid to use high rpt to just risk my account to get daily drawdown. Then the next day I got an email from their ethics team. They explained that I was considered gambling and using high margin. I've given my clarification. And they accepted my clarification. I even said that I had lowered my rpt and lot from what it was on the 16th. But what happened when I opened the trade again the following week. They forcefully closed my transaction. Without any clear reason. I emailed them asking what happened and explained The margin that I used is only 40K. Which is still tolarable. I used a small lot, and the margin level is in 244%. Which is still tolarable. I didn't violate any rule. but they don't want to know what my reason is. My account was breached immediately. And told to withdraw the rest of my profit. It's really strange, even though during the interview I explained my method and strategy, and their own interviewer ethic also has no problem with it. Then now suddenly they banned me forever. Wow. Is fundednext afraid to have a profitable trader like me? I've made a total profit of $41,000 here for two years. Fundednext argues that they want to work with traders longer and they want to maintain the rpt of their traders so that they can sustain for a long time with fundednext. BULSHIT. What makes traders stay and work with you for a long time is because of your facilities and services. As long as your facilities and services are good, no matter how many times traders fail at fundednext, they will still come back and will not hesitate to spend any money to re-register. After all, if traders are not allowed to use 3% or 4% rpt, then you might as well declare at the beginning of the daily drawdown is no longer 5% but only at 3%, so that every traders opens a transaction only at 1-2% as you want. You guys are very strange, making DD rules 5%, but traders open transactions around 3-4% can be reprimanded and terminated. Just say that you are afraid of having profitable traders.
Documents From Reporter
Replied:
September 10th, 2024
We would like to address the recent review submitted by a trader regarding the termination of their FundedNext account. Our decision was not taken lightly and was based on a comprehensive analysis of the client's trading behavior, which was found to violate multiple sections of our Terms of Service. Below is the summary of findings: 1. Inconsistent Trading Behavior: The trader consistently engaged in high leverage and substantial lot sizes, leading to excessive exposure that is inconsistent with safe trading practices. These actions contravene our risk management policies, which are designed to maintain the integrity and stability of our trading platform. Specifically, the trader's actions breached the following sections of our Terms of Service: Section 14.1.7: Engaging in trades that are inconsistent with typical forex or other financial market operations, including over-leveraging, over-exposure, making one-sided bets, grid trading, tick scalping, or account rolling, is prohibited. Such behavior raises concerns about potential harm to the Provider and the integrity of the trading environment. Section 14.1.11: Opening positions that are noticeably larger than typical trades is prohibited. Section 14.1.13: Using a high level of margin or extremely risky trading strategies is prohibited. 2. Use of High Leverage and Unusual Lot Sizes: Despite receiving a prior warning, the trader continued to utilize high leverage and unconventional trading strategies, which included the use of unusual lot sizes. These strategies are incompatible with our policy of ensuring sustainable and responsible trading behavior. Our records show that the trader was repeatedly notified to review and adjust their trading strategy to comply with our guidelines. 3. Historical Analysis and Warnings Issued: The client was previously warned about their trading behavior and was advised to adopt a more conservative approach. We issued a written warning outlining the risks associated with their current strategy and indicating potential leverage reduction if no change was made. This warning was not heeded, leading to our final decision to terminate the account to maintain the integrity of our trading environment. 4. Payout and Financial Commitment: FundedNext has honored its Brand Promise by disbursing a total of $68,550.11 to the trader till date. Even upon terminating the account, we ensured the trader received a full payout based on the current PnL as a gesture of goodwill and in alignment with our commitment to fairness and transparency. Conclusion: The decision to terminate the trader's account was made to uphold the integrity and fairness of our platform, ensuring a secure trading environment for all participants. Despite the client's claims, our actions are not related to their profitability but are instead focused on enforcing our risk management policies. We believe that by maintaining strict adherence to these policies, we can provide a sustainable trading environment that benefits all parties involved.
INReviews
5.0
Trader’s Satisfaction
$50K
2 Steps
I an a Swing Trader and I have bought 50K Stellar (2 Step Account) Swap free. ATM , I am in phase 1 of evaluation. The trading conditions are great. The best part is that there is Balance Based DD, and no swap fee. As I hold trades for at least 12 hours, SWING trading can be done stress-free with Balance based DD and Zero swap fees. Along with they have a great support team. I had talked. I would like to thank Flynn (Commynity Manager) for support and assistance.
N/A
0
Balance Based DD and No Swap fees
Nothing as such
5.0
User Friendliness
5.0
Payout Process
5.0
Customer Care
5.0
Trading Conditions
BRReviews
5.0
Trader’s Satisfaction
$6K
2 Steps
On the first payment, the company suspected that I was copytrading, but they paid me after showing that I did not do that. On the second withdrawal, in these 15 days of trading I had no problems, in fact they were 100% efficient. 100% support, very fast payment, instant account restart. 15 days ago I complained about alleged copying, but in these current 15 days I have nothing to complain about, just thank you so far! Congratulations Fundednext! Thank you! 5 stars!
N/A
0
Very fast payment, instant account restart.
On the first payment, the company suspected that I was copytrading, but they paid me after showing that I did not do that. On the second withdrawal, in these 15 days of trading I had no problems
5.0
User Friendliness
5.0
Payout Process
5.0
Customer Care
5.0
Trading Conditions
BYReviews
5.0
Trader’s Satisfaction
$6K
2 Steps
The challenge took place over 6 months. But finally the time has come to make a profit. I am very glad that the withdrawal happened very quickly and without problems. I was very worried about this moment. So far I like how the company is developing and working with clients.
3 Months +
1
I like how works customer support. All my issues was solve quickly.
I don't like thats some moments I learnt after I face it. It was uncleared before I finished. Such as I should close all my positions before trading cycle is over. All positions will close automatically.
5.0
User Friendliness
5.0
Payout Process
5.0
Customer Care
4.0
Trading Conditions
MLReviews
5.0
Trader’s Satisfaction
$6K
2 Steps
Hi everyone, let’s talk a little about Fundednext, when it comes to propfirm we all know how difficult it could be to find the right one ( that’s make payout, support react rapidly to any issue,etc…) I discover funded next at the starting of year and try it to see and this decision has litteraly been the best choice a made this year !! I got funded and make it to my third payout today, they payout are the fastest in this industry, and I haven’t faced any issue since the challenge phase to the fîded phase. I highly recommend this propfirm
6 Months +
3
1
Payout
Everything is good for the moment
5.0
User Friendliness
5.0
Payout Process
5.0
Customer Care
4.0
Trading Conditions
Reviews
4.0
Trader’s Satisfaction
$25K
2 Steps
Ive been funded with both 10k and the 25K account. The credential process has been quick and the spreads are absolutely the best. Better than 10+ firms that I've been with.
Less 1 Month
0
2
The spreads and the execution.
The commission
4.0
User Friendliness
4.0
Payout Process
4.0
Customer Care
5.0
Trading Conditions
NPReviews
4.0
Trader’s Satisfaction
$6K
2 Steps
I recently used FundedNext for my trading needs, and overall, I'd rate their services as moderate to above average. The platform provides decent access to the markets with manageable slippage and spreads, which are crucial for traders. While not the best I've seen, the slippage is within an acceptable range, and the spreads are fairly competitive. However, it would be great if they could work on reducing slippage a bit more to improve trading outcomes. Customer service is one of the highlights of FundedNext. The support team is responsive and genera...
N/A
0
Customer service.
Slippage
4.0
User Friendliness
4.0
Payout Process
4.0
Customer Care
4.0
Trading Conditions
INReviews
5.0
Trader’s Satisfaction
$5K
2 Steps
I have been using funded next propfirm since last 8 months ,I passed challange phase accounts all process are very smooth and I likely to give funded next 5 rating because my trading dashboard was very friendly and accounts are very cheap cost , easily affordable.
N/A
0
I like most about funded next it's friendly dashboard and payouts variations .
I like least about 5k account is that it have highest commitions among all accounts
5.0
User Friendliness
5.0
Payout Process
5.0
Customer Care
4.0
Trading Conditions
4.5
411
total reviews
5
249
4
94
3
21
2
6
1
10
4.5
411
120% refund on all challenges
4.5
411
120% refund on all challenges
