Funded Next funded account program: how to get funded with the prop company
With a strong reputation as one of the best prop trading firms, Funded Next provides various funded trading accounts, including express, stellar, and evaluation challenges. To become funded with Funded Next, traders must follow a series of steps. First, they need to create an account and pass a trading challenge. Once successful, they must sign a trading agreement before receiving funding into their trading account. For a more comprehensive understanding of how to get funded with Funded Next, Traders Union experts have prepared a detailed review and explanation of the Funded Next funded account program.
How can a trader get funded?
The traders had access to Funded Next’s cutting-edge funded account program. To become a funded trader with Funded Next, trading experts at TU recommend following these steps:
- Create an account: Start by creating an account on the Funded Next website. Then submit your application with the necessary data.
- Pass the trading challenge: After opening an account, complete the trading challenges, such as the Express Challenge and Evaluation Challenge. Success in these challenges makes you eligible for funded accounts.
- Sign the trading agreement: Once you pass the trading challenge, sign a trading agreement with Funded Next. This agreement outlines the terms and conditions for funding, including minimum account balance, maximum drawdown, and trading-style requirements.
- Receive funding: After signing the trading agreement, Funded Next will deposit funds into your trading account, allowing you to start trading with real money.
Timeline and Account Size
The time it takes to become a funded trader varies based on your trading experience and skills demonstrated during the funded program. Some traders obtain funds within a few months, while others may take longer. Additionally, the timeline is influenced by the time required to complete the trading challenge. Skilled traders can generate more profits, resulting in larger funded accounts.
Funded Next Audition Review
The Funded Next demo account offers practical exposure to prop trading, allowing traders to test their skills and experience without risking real money. To become a funded trader with Funded Next, Traders Union experts suggest traders to pass the Funded Next Audition, a two-step process comprising the qualifying round and the live trading round.
Qualifying Round: In this round, traders receive a demo account with $10,000 virtual funds. The goal is to achieve a 10% or higher profit within 30 days to advance to the next round.
Live Trading Round: Successful completion of the qualifying round leads to the live trading account. Traders receive a live account with $25,000 in real funds and must generate a 20% or higher profit within 60 days to qualify for funding from Funded Next.
Pros and Cons of Funded Next Audition
The analysts at TU have prepared a comprehensive list of advantages and disadvantages of Funded Next Audition. Here is the list:
Pros:
- Real-market testing of trading skills
- Access to larger trading capital
- Variety of funded account sizes
- Support from experienced traders
Cons:
- Challenging process
- $250 Funded Next Audition fee
- Minimum requirement of trading 100 lots per month
- 20% profit share from winning trades
Potential Funding Amounts
Funded Next offers various funded account sizes, ranging from $25,000 to $200,000. The profits you attract from your funded account depend on your performance during the audition process and trading history. FundedNext takes a 20% profit share from winning traders. Additionally, Traders Union experts found out that traders are required to trade a minimum of 100 lots per month.
Conclusion
To sum up, analysts suggest users to begin with creating an account. Then a trader should successfully complete the trading challenge and accept the terms of the trading agreement. Ultimately, a trader shall get financing into the trading account in order to obtain funding from the Funded Next Prop firm. Check out the TU website for more detailed information on the issue.
