ReviewThe short answer
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.
How the 8.3 adds up
6 plans
Challenge rules
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 |
Our verdict: 8.3 out of 10
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.
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.
Trader feedback on FundedNext is split between two consistent patterns. On the positive side, payout speed comes up repeatedly across Trustpilot and Reddit, with traders reporting withdrawals processed in hours rather than days, sometimes under 24 hours via crypto rails. On the negative side, a recurring complaint involves account terminations tied to FundedNext’s MetaQuotes IP compliance rule: traders using a VPS that happened to route through a US-based IP address report getting terminated for a compliance violation, a rule some say was buried in a US-specific help article rather than stated clearly in the main terms.
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.
Deciding between the two? Our Funding Pips vs FundedNext comparison puts them side by side.
FundedNext in numbers
- Account Sizes
- $6K to $200K
- Phase 1 Target
- 10%
- Phase 2 Target
- 5%
- Max Drawdown
- 10%
- Daily Loss Limit
- 5%
- Profit Split
- Up to 90%
- Min. Trading Days
- 5 days
- Platforms
- 4 platforms
6 tiers available
Standard 2-step
Standard 2-step
Overall account
Per trading day
95% at scaling
Per phase
MT4, MT5, cTrader, Match-Trader
10 pros, 6 cons
Pros
- 15% refund of challenge phase profits
- MT4, MT5, cTrader and Match-Trader 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
Payouts and trading conditions
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, MetaTrader 5, cTrader and Match-Trader. cTrader and Match-Trader add a $25 fee and are unavailable on Stellar Instant and on $100K and $200K accounts. US traders use Match-Trader only |
| Instruments | Forex, indices, commodities, metals, crypto |
| News trading | Allowed |
| Overnight / weekend holds | Both allowed |
| Plan types | Standard 2-Step, Stellar 1-Phase, Express |
More on FundedNext
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 |
FundedNext discount code
FundedNext's own site lists code NOVSTR: “SAVE UP TO 41% WITH CODE NOVSTR”
We read this on fundednext.com on 7 November 2026. Firm codes change often and some apply only to certain accounts or new customers, so check the final price at checkout.
Use code NOVSTR at FundedNext3 alternatives to FundedNext
Firms in the same category with a comparable score, each offering something FundedNext does not.
Funded Futures Network7scores 7 and offers no daily loss limit.
FundYourFX6.7scores 6.7 and offers on-demand payouts and no consistency rule.
Alpha Capital Group5.5scores 5.5 and offers on-demand payouts and EAs allowed.
FundedNext is listed in two of our categories. See where it places in our CFD and forex prop firm rankings and futures prop firm rankings.
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.
Review date:
Best for
Traders who want to earn during the challenge itself: a 15% refund of challenge-phase profits, all four major platforms, and up to 90% split as standard.
Avoid if
You pass fast and want fast money. Each phase requires five trading days minimum and payouts run bi-weekly rather than weekly.
Some links on this page are affiliate links. If you sign up through one, we may earn a commission at no extra cost to you. Advertising disclosure · Full disclaimer
Are you FundedNext?
Your firm scored 8.3 out of 10. You can display the review badge on your site, linked back to this review so traders can check the score.
Get the review badgeReady to try FundedNext?