Last reviewed and fact-checked: September 15, 2026
2-Step forex prop firm · Est. 2022 · MT4 / MT5 / cTrader / Match-Trader
◎ 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.
FundedNext is a 2-step forex prop firm founded in 2022, offering accounts from $6,000 to $200,000 on MT4, MT5, cTrader and Match-Trader. 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 FT for 7% off any evaluation.
Rating Breakdown
- 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
- 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, 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 |
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 7% off, FT 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.
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 Coupon Code and Discount
The current FundedNext coupon code is FT, which gives 7% 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 7% 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 | FT |
| Discount | 5% off |
| Applies to | All evaluation account sizes |
| Last verified | June 2026 |
Alternatives to FundedNext
Firms in the same category with a comparable score. This list updates itself as scores change.
- HolaPrime scores 8 and offers News trading allowed and No time limit.
- Alpha Capital Group scores 7.9 and offers On-demand payouts.
- E8 scores 7.9 and offers No minimum days and Up to 100% split.
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.
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 FT for 5% off.
Visit FundedNext⚠ Prop trading risk
Challenge fees are money at risk. Most participants never reach a payout, and funded accounts are usually simulated capital rather than live funds. Rules and pricing can change at any time, so confirm them on the firm’s own site before you pay. Nothing in this review is financial advice.
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