Introduction:
As traders, we understand the importance of finding the right funded trading program that aligns with our goals and provides the necessary resources to succeed. In this article, we will compare two prominent funded trading programs: Funded Trading Plus and FundedNext. We have had the opportunity to trade with both firms and will provide an unbiased analysis of their features, benefits, and overall trading experience.
| Prop Firm Details | Funded Next | Funded Trading Plus |
| Year Founded | 2022 | 2021 |
| Maximum Balance | $4,000,000 | $2,500,000 |
| Tradeable Assets | Forex Indices Metals Commodities |
Forex Indices Metals Commodities Crypto |
| Challenge Type | One-Step Evaluation Two Step Evaluation |
One-Step Evaluation Two-Step Evaluation Instant Funding |
| Trading Platforms | MT4 | MT4 MT5 |
| Trading Hours | Holding Overnight Holding Over Weekend |
Holding Overnight |
| Copy Trading | ✅ | ✅ |
| News Trading | ❌ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.6 / 5.0 | 4.9 / 5.0 |
| Trust Pilot Reviews | 3,923 | 1,455 |
| Payment Types | Wire Transfer Paylpal Crypto Payoneer Coinbase Revolut Wise |
Crypto |
| One Step Rules | FundedNext | Funded Trading Plus |
| Profit Target | 25% | 10% |
| Max Daily Loss | 5% | ❌ |
| Max Daily Drawdown | ❌ | 3% |
| Max Loss | 10% | ❌ |
| Max Drawdown | ❌ | 6% |
| Minimum Trading Days | 10 | ❌ |
| Maximum Trading Days | ❌ | ❌ |
| Profit Split | 60%, up to 90% | 80%, up to 90% |
| Two Step Rules | FundedNext | Funded Trading Plus |
| Profit Target Step 1 | 10% | 10% |
| Profit Target Step 2 | 5% | 5% |
| Max Daily Loss | 5% | ❌ |
| Max Daily Drawdown | 5% | 5% |
| Max Loss | 10% | ❌ |
| Max Drawdown | 10% | 10% |
| Min Trading Days Step 1 | 5 | ❌ |
| Min Trading Days Step 2 | 5 | ❌ |
| Max Trading Days Step 1 | 30 | ❌ |
| Max Trading Days Step 2 | 60 | ❌ |
| Profit Split | 80%, up to 90% | 80%, up to 90% |
Funding Models:
Funded Trading Plus offers a comprehensive range of funding models tailored to different trading styles and goals. Traders can choose between the Evaluation Model, Express Model, and the Stellar Challenge. Each model provides a unique approach to proving trading skills and progressing in the program. On the other hand, FundedNext offers the Evaluation Model, which consists of a two-phase process to showcase trading abilities and achieve profit targets. Both programs offer structured approaches to evaluating and funding traders, allowing them to access a funded trading account.
Profit Sharing:
Funded Trading Plus operates on a profit-sharing model, where traders receive a percentage of their trading profits. The program offers attractive profit-sharing options, incentivizing traders to perform well and rewarding them for their success. FundedNext stands out by offering a generous profit sharing of up to 15% of the profit traders make during the challenge phases. This motivates and further rewards top-performing traders. Both programs demonstrate a commitment to delivering fair profit-sharing arrangements.
Trading Instruments and Versatility:
Funded Trading Plus supports trading across various financial instruments, including stocks, forex, commodities, and indices. This versatility allows traders to explore different markets based on their preferences and expertise. FundedNext also offers flexibility in trading instruments, enabling traders to diversify their portfolios and capitalize on market opportunities.
Audition Process and Account Tiers:
To qualify for a funded trading account, both programs have an audition process that evaluates traders’ skills and risk management abilities. Funded Trading Plus assesses traders based on their performance, profitability, risk management, and consistency. FundedNext evaluates traders’ trading performance and sets specific profit targets for the evaluation period. Both programs aim to identify traders who can generate consistent profits and provide different account tiers based on experience levels and performance. Funded Trading Plus offers Starter, Advanced, and Professional Accounts, while FundedNext focuses on the Evaluation Model.
Risk Management:
Both Funded Trading Plus and FundedNext prioritize risk management to protect traders and the programs themselves. They implement strict risk controls and rules, such as maximum drawdown limits and position sizing guidelines. These measures ensure that traders maintain risk within acceptable levels and foster a reliable and secure trading environment.
Support and Resources:
Funded Trading Plus and FundedNext offer robust support and resources to assist traders throughout their trading journey. They provide educational materials, including trading guides, webinars, and tutorials, to enhance traders’ knowledge and skills. Additionally, traders receive personalized feedback from experienced mentors and coaches, helping them improve and refine their trading strategies. Both programs foster a supportive community where traders can connect, share insights, and collaborate.
Conclusion:
In conclusion, both Funded Trading Plus and FundedNext offer valuable opportunities for traders to pursue a funded trading career. Funded Trading Plus impresses with its comprehensive funding models, attractive profit-sharing options, and commitment to providing the best trading conditions. FundedNext stands out by offering generous profit sharing from the challenge phases and aims to provide the best prop trading conditions. Ultimately, the choice between the two programs depends on individual preferences, trading styles, and goals. We recommend thoroughly evaluating the features, benefits, and support provided by each program to make an informed decision.
