Introduction:
In today’s blog post, we will compare two renowned trading programs: FTMO Prop Trading Firm and FundedNext Funded Trading Program. As experienced traders, we have had the opportunity to trade with both firms and will provide an objective analysis of their features, evaluation processes, profit-sharing options, and overall trading experiences.
| Prop Firm Details | Funded Next | FTMO |
| Year Founded | 2022 | 2014 |
| Maximum Balance | $4,000,000 | $2,000,000 |
| Tradeable Assets | Equity Futures Forex Energy Metals Interest Rate Futures |
Forex Indices Metals Commodities Stocks Crypto |
| Challenge Type | One-Step Evaluation Two Step Evaluation |
Two Step Evaluation |
| Trading Platforms | MT4 | MT4 MT5 cTrader |
| Trading Hours | Holding Overnight Holding Over Weekend |
Holding Overnight Holding Over Weekend |
| Copy Trading | ✅ | ✅ |
| News Trading | ❌ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.6 / 5.0 | 4.9 / 5.0 |
| Trust Pilot Reviews | 3,923 | 4,408 |
| Payment Types | Wire Transfer Paylpal Crypto Payoneer Coinbase Revolut Wise |
Wire Transfer Skrill Crypto Credit Card Google Pay Nuvei Checkout.com Confirmo |
| Two Step Rules | FundedNext | FTMO |
| Profit Target Step 1 | 10% | 10% |
| Profit Target Step 2 | 5% | 5% |
| Max Daily Loss | 5% | 5% |
| Max Daily Drawdown | 5% | ❌ |
| Max Loss | 10% | 10% |
| Max Drawdown | 10% | ❌ |
| Min Trading Days Step 1 | 5 | 10 |
| Min Trading Days Step 2 | 5 | 10 |
| Max Trading Days Step 1 | 30 | 30 |
| Max Trading Days Step 2 | 60 | 60 |
| Profit Split | 80%, up to 90% | 80%, up to 90% |
Evaluation Process:
FTMO Prop Trading Firm:
FTMO offers a two-step Evaluation Course consisting of the FTMO Challenge and Verification stages. Traders need to meet specific trading objectives to showcase their skills and discipline. Successful completion of the evaluation course grants traders a placement in the FTMO Proprietary Trading firm.
FundedNext Funded Trading Program:
FundedNext provides traders with three funding models: Evaluation Model, Express Model, and Stellar Challenge. These models offer different approaches to prove trading abilities and achieve profit targets. Upon meeting the targets, traders gain access to a funded account.
Profit-Sharing Options:
FTMO Prop Trading Firm:
FTMO offers a payout system with a default profit-sharing ratio of 80:20 for traders. However, by meeting the conditions of the Scaling Plan, traders can increase their account balance by 25% every four months and enjoy a more impressive profit split of 90:10.
FundedNext Funded Trading Program:
FundedNext stands out by offering profit sharing of up to 15% from the profit traders make during the challenge phases. This generous profit-sharing option incentivizes top traders and reflects FundedNext’s commitment to rewarding their performance.
Trading Platforms and Instruments:
FTMO Prop Trading Firm:
FTMO provides popular trading platforms such as MT4, MT5, and cTrader. Traders have access to a wide range of trading instruments, including Forex, Indices, Crypto, and Commodities. The trading conditions aim to replicate real-market scenarios with low commissions, raw spreads, and no markup.
FundedNext Funded Trading Program:
The FundedNext program offers traders a comprehensive trading platform, but specific details about the trading platforms and instruments are not mentioned in their content.
Additional Benefits:
FTMO Prop Trading Firm:
FTMO offers additional benefits to traders, including custom trading apps for discipline, journaling, and market analysis. Traders also benefit from account analysis, unbiased feedback, and support from the customer support team. Educational resources through their Trading Academy further enhance the trading experience.
FundedNext Funded Trading Program:
While the FundedNext Funded Trading Program does not explicitly mention additional benefits in their content, they emphasize providing attractive profit-sharing options and reliable trading conditions.
Conclusion:
In conclusion, both FTMO Prop Trading Firm and FundedNext Funded Trading Program offer unique opportunities for traders to pursue a career in trading. FTMO’s evaluation process ensures the selection of skilled and disciplined traders, while FundedNext provides a structured approach through their funding models. Profit-sharing options vary between the two firms, with FTMO offering the potential for higher profit splits through their Scaling Plan. FTMO also provides additional benefits such as custom trading apps and educational resources.
Ultimately, the choice between these two programs depends on individual preferences and trading goals. We recommend thoroughly researching and considering the features, evaluation processes, and profit-sharing options provided by both FTMO Prop Trading Firm and FundedNext Funded Trading Program before making a decision. Happy trading!
Note: The content presented here is for informational purposes only and does not constitute financial advice. Traders are advised to conduct their own research and due diligence before engaging with any trading program or firm.
