In this comparison article, we will dive into the uniqueness that The Funded Trader and FundedNext bring to the table.
In this comparison article, we will dive into the uniqueness that The Funded Trader and FundedNext bring to the table.
In this comparison article, we will dive into the uniqueness that The Funded Trader and FundedNext bring to the table. We will be comparing some general company information as well as their two-step evaluation programs with all the trading objectives that traders are required to respect while working with them.
| Company Information | The Funded Trader | FundedNext |
|---|---|---|
| Owner | Angelo Ciaramello | Syed Abdullah Jayed |
| Company Location | Liberty Hill, Texas | UAE, Bangladesh |
| Established In… | May 2021 | March 2022 |
| Maximum Account Size | Standard Challenge: $400,000 Rapid Challenge: $200,000 Royal Challenge: $400,000 Knight Challenge: $200,000 Dragon Challenge: $200,000 | Two-step Stellar Challenge: $200,000 One-step Stellar Challenge: $200,000 Evaluation Model: $200,000 Express Model: $200,000 |
| Funding Plans | The Funded Trader | FundedNext |
|---|---|---|
| One-step Evaluation | ✅ | ✅ |
| Two-step Evaluation | ✅ | ✅ |
| Three-step Evaluation | ✅ | ❌ |
| Trading Parameters | Standard Challenge | Rapid Challenge | Royal Challenge | FundedNext (Stellar) | FundedNext (Evaluation) |
|---|---|---|---|---|---|
| Phase 1 Profit Target | 10% | 8% | 8% | 8% | 10% |
| Phase 2 Profit Target | 5% | 5% | 5% | 5% | 5% |
| Daily Drawdown | 5% (6% Addon) | 5% | 5% | 5% | 5% |
| Maximum Drawdown | 10% (12% Addon) | 8% | 10% | 10% | 10% |
| Leverage | 1:100 (Swing 1:30) | 1:100 (Swing 1:30) | 1:100 | 1:100 | 1:100 |
| Minimum Trading Day Requirements | 3 Calendar Days | No Minimum Trading Days | 5 Calendar Days | 5 Calendar Days | 5 Calendar Days |
| Maximum Trading Day Period | Phase 1: No Time Limitations Phase 2: No Time Limitations | Phase 1: 35 Calendar Days Phase 2: 60 Calendar Days | Phase 1: No Time Limitations Phase 2: No Time Limitations | Phase 1: No Time Limitations Phase 2: No Time Limitations | Phase 1: 30 Calendar Days Phase 2: 60 Calendar Days |
| Profit Split | 80% Up To 90% | 80% Up To 90% | 80% Up To 90% | 80% Up To 90% | 80% Up To 90% |
| Account Sizes | Standard Challenge | Rapid Challenge | Royal Challenge | FundedNext (Stellar) | FundedNext (Evaluation) |
|---|---|---|---|---|---|
| $5,000 | $65 | $79 | ❌ | ❌ | ❌ |
| $6,000 | ❌ | ❌ | ❌ | $59 | $49 |
| $10,000 | $129 | $129 | ❌ | ❌ | ❌ |
| $15,000 | ❌ | ❌ | ❌ | $119 | $99 |
| $25,000 | $199 | $229 | ❌ | $199 | $199 |
| $50,000 | $299 | $299 | $289 | $299 | $299 |
| $100,000 | $499 | $499 | $489 | $519 | $549 |
| $200,000 | $939 | $899 | $939 | $999 | $999 |
| $300,000 | $1,409 | ❌ | $1,399 | ❌ | ❌ |
| $400,000 | $1,879 | ❌ | $1,869 | ❌ | ❌ |
| Trading Platform & Brokerage | The Funded Trader | FundedNext |
|---|---|---|
| Trading Platform | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
| Broker | Eightcap, Purple Trading Seychelles, ThinkMarkets | Incenteco, GrowthNext |
| Tradable Assets | The Funded Trader | FundedNext |
|---|---|---|
| Forex Pairs | ✅ | ✅ |
| Commodities & Metals | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Crypto | ✅ | ❌ |
| Trustpilot Feedback | The Funded Trader | FundedNext |
|---|---|---|
| Overall Rating | Excellent (4.5/5) | Excellent (4.7/5) |
| Total Reviews | 13,361 | 7,049 |
| 5-Star Rated Reviews | 83% | 86% |
To conclude, we can say that The Funded Trader and FundedNext are two exceptional proprietary trading firms based on their offerings. After going through each companies company’s information, two-step programs, and all the trading objectives, we can clearly say that both categorize under the top proprietary trading firms in the entire prop trading space. In addition, both companies are also rated as excellent proprietary trading firms by their community’s feedback through Trustpilot.
