Introduction:
At WhichFunded, we understand the importance of choosing the right funded trading program that aligns with your trading goals and aspirations. In this blog post, we will provide a comprehensive comparison of two renowned programs: Traders With Edge and FundedNext. We have evaluated these programs based on various factors to help you make an informed decision.
| Prop Firm Details | Funded Next | Traders With Edge |
| Year Founded | 2022 | 2022 |
| Maximum Balance | $4,000,000 | $3,000,000 |
| Tradeable Assets | Forex Indices Metals Commodities |
Forex Indices Metals Commodities Stocks 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 Holding Over Weekend |
| Copy Trading | ✅ | ❌ |
| News Trading | ❌ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.6 / 5.0 | 4.6 / 5.0 |
| Trust Pilot Reviews | 3,923 | 150 |
| Payment Types | Wire Transfer Paylpal Crypto Payoneer Coinbase Revolut Wise |
Wire Transfer Paylpal Crypto Credit Card Google Pay Payoneer Binance Wise |
| One Step Rules | FundedNext | Traders With Edge – Standard |
| Profit Target | 25% | 10% |
| Max Daily Loss | 5% | ❌ |
| Max Daily Drawdown | ❌ | 2.50% |
| Max Loss | 10% | ❌ |
| Max Drawdown | ❌ | 5%:10% |
| Minimum Trading Days | 10 | 10 |
| Maximum Trading Days | ❌ | 365 |
| Profit Split | 60%, up to 90% | 80% |
| Two Step Rules | FundedNext | Traders With Edge – Hare Standard |
| Profit Target Step 1 | 10% | 10% |
| Profit Target Step 2 | 5% | 5% |
| Max Daily Loss | 5% | ❌ |
| Max Daily Drawdown | 5% | 10% |
| Max Loss | 10% | ❌ |
| Max Drawdown | 10% | 10% |
| Min Trading Days Step 1 | 5 | 5 |
| Min Trading Days Step 2 | 5 | 5 |
| Max Trading Days Step 1 | 30 | 60 |
| Max Trading Days Step 2 | 60 | 60 |
| Profit Split | 80%, up to 90% | 80% |
Account Types and Funding Options:
Traders With Edge offers two phases of challenges: Turtle and Hare. They provide various funding options, allowing traders to access up to $3 million of the program’s funds. FundedNext, on the other hand, offers three funding models: Evaluation, Express, and the Stellar Challenge. Each model caters to different trading styles and goals, providing traders with flexibility and options.
Profit Split and Account Scaling:
Traders With Edge follows an 80% profit split model, allowing traders to keep 80% of their profits. FundedNext offers profit-sharing options of 80% and 60% based on the funding model. Additionally, both programs provide opportunities for account scaling, allowing traders to increase their trading capital gradually.
Trading Rules and Tradable Assets:
Both Traders With Edge and FundedNext have established trading rules to ensure a structured and disciplined approach to trading. These rules may include maximum daily loss limits, time requirements, and leverage ratios. In terms of tradable assets, Traders With Edge offers over 1,172 assets, while FundedNext provides a wide range of stocks, ETFs, and commodities.
Profit Sharing and Reliable Conditions:
Traders With Edge offers an 80% profit split from the challenge phase, incentivizing traders to perform well. FundedNext stands out by offering a generous profit sharing of up to 15% from the profit traders make during the challenge phases. Both programs remove the pressure of strict time limits, allowing traders to trade with peace of mind. FundedNext calculates the maximum daily drawdown based on traders’ balance, providing a more reliable trading environment.
Best Trading Conditions:
Traders With Edge focuses on providing traders with the necessary tools and resources, while FundedNext prioritizes offering the best trading conditions. Traders With Edge offers a wide range of funding options and profit potential based on account size. FundedNext ensures competitive trading conditions with raw spreads and low commissions, maximizing traders’ profitability.
Conclusion:
Both Traders With Edge and FundedNext are prominent funded trading programs that offer opportunities for traders to pursue a full-time trading career. Traders With Edge focuses on providing traders with tools and resources, while FundedNext emphasizes attractive profit-sharing options and reliable trading conditions. As a trader, it is essential to carefully evaluate your trading style, goals, and preferences before choosing the program that best suits your needs.
At WhichFunded, we strive to empower traders worldwide by providing comprehensive insights and resources to help them make informed decisions. Whether you choose Traders With Edge or FundedNext, we are here to support you on your trading journey. Remember to consider factors such as account types, funding options, profit-sharing models, trading rules, and trading conditions to make the right choice for your trading aspirations.
