Prop trading is a form of trading in which a trading company (prop firm) funds traders' accounts, enabling them to trade on financial markets using the capital provided. One of the renowned prop trading companies is FundedNext. This company offers a variety of financing programs tailored to the individual needs of traders, specializing in trading CFDs on a variety of financial instruments. Thanks to this, traders have wide investment opportunities and can develop their skills on global markets.
Trading Instruments in FundedNext
FundedNext focuses on trading CFD (Contracts for Difference) instruments, which allow speculation on price movements of various assets without the need to physically own them. Trading instruments available at FundedNext include:
Currencies: Major, minor, and exotic currency pairs such as EUR/USD, GBP/USD, USD/JPY.
Indices: Popular stock indices such as S&P 500, Dow Jones, and FTSE 100.
Commodities: Key commodities such as gold, silver, and crude oil.
Stocks: CFDs on global companies' stocks, allowing flexible trading strategies.
Funding Models at FundedNext
FundedNext offers four funding models for traders, allowing accounts ranging from $5,000 to $200,000:
Stellar Lite Model: Includes 2-step challenges, available accounts in the program are $5,000, $10,000, $25,000, and $50,000.
Stellar Model: Includes both 1-step and 2-step challenges. Available accounts range from $6,000 to $200,000.
1-step challenge: Requires reaching a specific profit target within a set timeframe without exceeding risk parameters.
2-step challenge: Involves two verification stages with individual profit targets and risk management rules.
Evaluation Model: Traditional 2-step verification process, where traders must pass the challenge and the verification stage. Trading accounts start at $6,000 up to $200,000, with the possibility of scaling based on performance.
Express Model: Designed for experienced traders who want quick access to funding. This model offers fast evaluation with stringent risk management criteria.
Trading Platforms in FundedNext
FundedNext offers access to three popular trading platforms:
MetaTrader 4 (MT4): Known trading platform with advanced analytical tools and the ability to use automated trading systems.
MetaTrader 5 (MT5): Newer version of MT4, offering additional features such as more technical indicators and better order management.
cTrader: Platform with an intuitive interface, advanced analytical tools, and the ability to create custom trading algorithms.
Technical and Educational Support
FundedNext offers technical and educational support available 24/7. Clients can contact the support team via email, live chat, or phone. The support team is praised for its responsiveness and professionalism, ensuring quick and effective problem resolution.
The company also places great emphasis on trader education, offering a wide range of educational materials, including webinars, online courses, guides and articles, and demo accounts that allow traders to test strategies without financial risk.
Trading Competitions
FundedNext regularly organizes trading competitions, which are a great opportunity to compete with others and test your skills in market conditions. Participating in competitions offers numerous benefits, including the possibility of winning attractive cash prizes, gaining practical knowledge and experience in real market conditions, and testing and improving trading strategies in dynamic market conditions.
What Sets FundedNext Apart?
FundedNext stands out from the competition with flexible funding models, favorable trading conditions, and strong educational support. The company offers a unique combination of experience, advanced trading tools, and support, making it an attractive option for traders at different skill levels. The ability to scale the account up to $200,000 and the variety of available funding programs make FundedNext an ideal partner for traders striving to grow in the financial world.
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