FundedNext is a 2-step forex prop firm founded in 2022, offering accounts from $6,000 to $200,000 on MT4, MT5, and cTrader. Its standout feature is a 15% refund of challenge phase profits paid back once you are funded. Profit splits reach 90% standard and 95% at scaling milestones. Use code FT5 for 5% off any evaluation.
Rating Breakdown
Pros
- 15% refund of challenge phase profits
- MT4, MT5, and cTrader all supported
- News trading and weekend holds allowed
- Up to 90% profit split standard
- 95% split at scaling milestones
- Scale up to $4,000,000 total capital
- 4.5/5 Trustpilot rating
- Unlimited time on challenge phases
- Multiple plan types: 2-Step, Stellar, Express
- Forex, indices, commodities, crypto available
Cons
- Discount code only gives 5% off
- 5-day minimum trading requirement per phase
- Bi-weekly payouts (not weekly)
- $6K minimum account is lower quality tier
- No financial regulation (standard for prop firms)
- Challenge fee not refunded on funded account
Account Plans and Pricing
Challenge Rules (Standard 2-Step)
| Evaluation type | 2-step (Phase 1 + Phase 2) |
| Phase 1 profit target | 10% |
| Phase 2 profit target | 5% |
| Daily loss limit | 5% of account balance |
| Max overall drawdown | 10% of account balance |
| Min. trading days | 5 days per phase |
| Time limit | Unlimited |
| Challenge profit refund | 15% of phase profits returned on first funded payout |
| News trading | Allowed |
| Weekend / overnight holds | Both allowed |
Scaling Path
| Starting capital | $6,000 to $200,000 depending on plan |
| Maximum capital | Up to $4,000,000 total allocation |
| Scaling trigger | Consistent profitable performance at milestones |
| Profit split at start | Up to 90% depending on account size |
| Profit split at scaling | Up to 95% at higher milestones |
Payouts
| Frequency | Bi-weekly (every 14 days) |
| First payout includes | 15% challenge profit refund |
| KYC required | Yes, before first payout |
Trading Conditions
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| Instruments | Forex, indices, commodities, metals, crypto |
| News trading | Allowed |
| Overnight / weekend holds | Both allowed |
| Plan types | Standard 2-Step, Stellar 1-Phase, Express |
Our Verdict
FundedNext launched in 2022 and has grown into one of the more recognizable names in the 2-step prop firm space. The platform choice is genuinely good: MT4, MT5, and cTrader cover most traders’ setups without forcing a switch to a proprietary tool.
The 15% challenge profit refund is the most distinctive feature here. Most prop firms either refund the challenge fee or keep the profits. FundedNext returns 15% of whatever you made during evaluation. On a $100,000 account where you hit the 10% Phase 1 target, that means $1,500 comes back to you at first payout. It is a meaningful offset on the cost of the challenge.
The rules are fair but not exceptional. A 5% daily loss limit and 10% max drawdown give you reasonable room. The 5-day minimum trading requirement per phase is standard. Unlimited time removes the time pressure that pushes traders into bad decisions.
The discount code is the weakest point. At 5% off, FT5 saves you less than many competitors offer. It is still worth using, but do not expect a deep discount.
Bi-weekly payouts are fine for most traders but fall short of firms offering weekly or on-demand withdrawals. The scaling path to $4M is competitive, and the 95% split at scaling milestones is among the better offers in the market.
Overall, FundedNext suits traders who want a familiar platform, straightforward 2-step rules, and a firm with a track record. The challenge profit refund is a real differentiator if you trade well during evaluation.
FundedNext Coupon Code and Discount
The current FundedNext coupon code is FT5, which gives 5% off any evaluation account. Enter it at checkout on the FundedNext website. It applies to all account sizes from $6,000 up to $200,000.
The 5% discount is modest compared to some firms in the space. On a $100,000 account, you save roughly the cost of a small position. The fee refund via the 15% challenge profit return is the better financial upside for most traders.
| Code | FT5 |
| Discount | 5% off |
| Applies to | All evaluation account sizes |
| Last verified | June 2026 |
Frequently Asked Questions
What is the FundedNext challenge profit refund?
FundedNext refunds 15% of the profits you make during the evaluation phases once you pass and become funded. The refund is paid alongside your first funded account payout. For example, if you made $10,000 in profits during the challenge, you receive $1,500 back.
How does FundedNext scaling work?
FundedNext scales accounts up to $4,000,000 in total capital allocation. As you hit performance milestones, your account size increases and your profit split can reach up to 95% at the highest scaling levels.
How often does FundedNext pay out?
FundedNext pays out bi-weekly, every 14 days from the date of your first withdrawal request. The first payout also includes your 15% challenge profit refund.
What platforms does FundedNext support?
FundedNext supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. All three platforms are available for both the evaluation and funded account stages.
Does FundedNext allow news trading?
Yes. FundedNext allows news trading and weekend holding across all account plans. You can hold positions through major economic events without restriction.
Ready to try FundedNext?
2-step evaluation. 15% challenge profit refund. Up to 90% split. Use code FT5 for 5% off.
Visit FundedNext