Introduction:
As traders who have had the privilege of experiencing both FundedNext and The Funded Trader Program, we at WhichFunded understand the importance of choosing the right trading program to unlock our full potential. In this blog post, we will provide a comprehensive comparison of these two prominent trading firms, highlighting their key features, challenges, and benefits. Let’s dive in!
| Prop Firm Details | Funded Next | The Funded Trader |
| Year Founded | 2022 | 2021 |
| Maximum Balance | $4,000,000 | $1,500,000 |
| 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 |
| 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 | 5,709 |
| Payment Types | Wire Transfer Paylpal Crypto Payoneer Coinbase Revolut Wise |
Paylpal Crypto Payoneer Coinbase Revolut Wise |
| One Step Rules | FundedNext | The Funded Trader |
| Profit Target | 25% | 10% |
| Max Daily Loss | 5% | 3% |
| Max Daily Drawdown | ❌ | ❌ |
| Max Loss | 10% | 6% |
| Max Drawdown | ❌ | ❌ |
| Minimum Trading Days | 10 | ❌ |
| Maximum Trading Days | ❌ | ❌ |
| Profit Split | 60%, up to 90% | 80%, up to 90% |
| Two Step Rules | FundedNext | The Funded Trader Standard |
| Profit Target Step 1 | 10% | 10% |
| Profit Target Step 2 | 5% | 5% |
| Max Daily Loss | 5% | 6% |
| Max Daily Drawdown | 5% | ❌ |
| Max Loss | 10% | 12% |
| Max Drawdown | 10% | ❌ |
| Min Trading Days Step 1 | 5 | 3 |
| Min Trading Days Step 2 | 5 | 3 |
| Max Trading Days Step 1 | 30 | 35 |
| Max Trading Days Step 2 | 60 | 60 |
| Profit Split | 80%, up to 90% | 80%, up to 90% |
Funding Models:
FundedNext offers three distinct funding models: Evaluation, Express, and Stellar Challenge. These models provide traders with flexibility and structured approaches to showcase their skills and progress in their trading journey. On the other hand, The Funded Trader Program presents a range of challenge levels, allowing traders to choose the one that aligns with their trading style and goals, such as Standard, Rapid, Royal, and Knight Challenges.
Evaluation Process:
FundedNext’s Evaluation Model involves a two-phase process where traders demonstrate their abilities and achieve realistic profit targets. Upon successful completion, traders gain access to a funded account with profit splits ranging from 80% to potentially higher based on performance. The Funded Trader Program follows a three-phase evaluation process, where traders need to meet profit targets and adhere to program rules to progress and become Funded Traders.
Profit Sharing and Scaling:
Both programs offer attractive profit-sharing options. FundedNext provides up to a 15% profit share from the challenge phases, incentivizing top traders and highlighting their commitment to rewarding success. The Funded Trader Program offers up to a 90% profit split for Funded Traders, depending on their performance and scaling plan. Traders who consistently demonstrate risk management and consistency can scale their trading account balance up to $1,500,000.
Risk Management and Support:
Both firms prioritize risk management. FundedNext calculates daily drawdown based on traders’ balance, ensuring a reliable trading environment. The Funded Trader Program requires traders to maintain their equity above 90% of the initial account balance and sets maximum daily loss and maximum loss limits. Additionally, both programs provide traders with supportive communities through platforms like Discord, where they can interact with fellow traders, share insights, and seek guidance.
Trading Conditions and Fees:
FundedNext offers competitive trading conditions with raw spreads, low commissions, and a focus on optimal execution. The Funded Trader Program also emphasizes transparent fee structures and provides refundable fees for successful Funded Traders, further incentivizing traders to excel in their trading endeavors.
Conclusion:
When it comes to choosing between FundedNext and The Funded Trader Program, both firms offer unique features and benefits to aspiring traders. FundedNext stands out with its distinct funding models and attractive profit-sharing options, while The Funded Trader Program impresses with its diverse challenge levels and a clear path toward becoming a funded trader. Ultimately, the decision depends on your trading style, goals, and preferences.
At WhichFunded, we understand the importance of making an informed choice. We encourage you to explore both programs further, visit their respective websites, and take advantage of the valuable opportunities they offer. Happy trading!
