Next Level Funded launched in November 2024 with seven account models from $5,000 to $200,000, including two instant funding options and a Pay Later entry starting at $7.77. The firm offers 100% profit splits and on-demand payouts with a claimed 3-hour average processing time. Platforms supported are MT5, Match-Trader, and TradeLocker. EAs and copy trading are not permitted. Use code NLF60 for 60% off all $10K accounts.
Rating Breakdown
Pros
- 100% profit split on all standard evaluation accounts
- On-demand payouts with 3-hour average processing and a $1,000 bonus if over 12 hours
- Seven distinct account models including two instant funding options
- Pay Later entry from $7.77 — lowest-cost way to get started
- Generous drawdown on 2-step: 12% static max with 5% daily limit
- No time limit on evaluation phases
- Scaling path to $1M+ allocation over 12 months
- Weekend and overnight holding permitted on standard accounts
- Multiple active discount codes including 60% off $10K accounts
Cons
- EAs and algorithmic trading completely prohibited
- Copy trading and signal services banned across all accounts
- News trading restricted: no trades within 2 minutes of red folder events; 10 breaches triggers hard closure
- Fee refund delayed until 3rd payout, not 1st payout
- Instant Crown has mandatory stop loss, 2-minute minimum trade duration, and 1.5% max floating risk
- Very new firm (est. Nov 2024) with limited verifiable payout history
- Mixed Trustpilot feedback including payout denial and KYC delay complaints
- No MT4, DXtrade, or TradingView support
Account Plans and Pricing
2-Step Challenge Rules
| Evaluation type | Two-step (Phase 1 + Phase 2) |
| Phase 1 profit target | 8% |
| Phase 2 profit target | 6% |
| Time limit | None |
| Min. profitable trading days | 5 per phase |
| Max drawdown | 12% static (from balance) |
| Daily loss limit | 5% |
| Consistency rule | 30% — largest profitable day cannot exceed 30% of total profits |
| Fee refund | 100% refunded on 3rd payout |
1-Step Challenge Rules
| Evaluation type | One-step |
| Profit target | 8% |
| Time limit | None |
| Min. profitable trading days | 4 days |
| Max drawdown | 7% static (from balance) |
| Daily loss limit | 3% |
| Consistency rule | 30% |
| Fee refund | 100% refunded on 3rd payout |
Instant Crown Rules
| Evaluation type | No evaluation (direct funding) |
| Min. profit for payout | 3% per cycle |
| Max drawdown | 4% trailing (from highest balance) |
| Daily loss limit | 2% |
| Min. profitable trading days | 5 per cycle |
| Mandatory stop loss | Yes, required on all positions before closure |
| Min. trade duration | 2 minutes (1st breach: split reduced to 50%; 2nd breach: hard closure) |
| Max floating risk | 1.5% — auto-close triggered via NLF Safeguard |
| Profit split | 90% default (100% available as paid add-on) |
| Default payout cycle | Every 10 days (on-demand available as paid add-on) |
| Weekend holding | Paid add-on required |
| Consistency rule | None |
Payouts
| First payout | On demand after challenge completion (Instant Crown: after 5 profitable days + 3% profit) |
| Default cycle | On demand (Instant Crown: every 10 days; on-demand via add-on) |
| Profit split | 100% on standard accounts; 90% on Instant Crown (100% add-on available) |
| Processing time | 3-hour average claimed; $1,000 bonus guarantee if over 12 hours |
| Fee refund | Yes, 100% — returned on 3rd payout (not 1st) |
| KYC required | Yes, before first payout |
| Verified total paid | $1.1M+ claimed (not independently verified) |
Trading Conditions
| Platforms | MT5, Match-Trader, TradeLocker |
| Instruments | Forex majors, commodities, indices, crypto ETFs |
| Max leverage (forex) | 1:75 standard accounts; 1:25 instant accounts |
| Max leverage (commodities / indices) | 1:20 |
| Max leverage (crypto ETFs) | 1:2 |
| News trading | Restricted: no trades within 2 minutes before/after red folder events; 10 combined breaches = hard closure |
| Overnight / weekend holding | Allowed on standard accounts; paid add-on for Instant Crown |
| Expert Advisors / algos | Not permitted — manual trading only |
| Copy trading | Prohibited across all accounts |
| Signal services | Prohibited |
| Prohibited strategies | HFT scalping, martingale (5+ trades same pair in drawdown), all-in trades, latency arbitrage, multi-account hedging |
| Scaling path | $100K base to $1M+: $200K at 3 months, $400K at 6, $600K at 9, $1M at 12 |
Our Verdict
Next Level Funded has a lot of surface appeal. Seven account models, a $7.77 Pay Later entry, 100% profit splits, and on-demand payouts with a claimed 3-hour processing window are all genuinely competitive features. For discretionary manual traders, the 2-step account’s 12% static max drawdown and 5% daily limit are among the more forgiving in the evaluation space.
The problem is who gets left out. EAs are banned outright. Copy trading and signal services are also off the table. News trading has a 2-minute restriction window with a hard closure trigger after 10 accumulated breaches. The Instant Crown adds mandatory stop losses, a 2-minute minimum trade duration enforced by an auto-close system, and a 1.5% maximum floating risk cap. These restrictions narrow the eligible trader base considerably compared to platforms that allow EAs, grid trading, and news trading on standard accounts.
The 30% consistency rule applies to all evaluation accounts. No single profitable day can account for more than 30% of your total profits. If you close a big trade early in your evaluation, subsequent sessions need to catch up. Use our consistency calculator to check your daily profit distribution before requesting a payout.
The fee refund structure deserves scrutiny. Most prop firms return the evaluation fee with the first payout. Next Level Funded refunds it on the third payout. Traders need to stay funded and withdraw successfully three times before recovering their entry cost. Combined with payout complaints on Trustpilot — including denied requests, KYC delays, and at least one reported account shutdown after a withdrawal was initiated — this adds meaningful risk for a firm still under two years old.
The $1.1M+ paid out figure is a homepage claim and is not independently verified. For a firm with 500+ traders and accounts up to $200,000, that total is on the low end of what would be expected if payouts were flowing consistently. It is a data point worth noting before committing capital to larger account sizes.
Next Level Funded is best suited to discretionary, manual traders who can operate within strict news and strategy restrictions and are comfortable with a newer firm still building its track record. Traders running EAs, copy systems, or structured algorithmic strategies should look at a more permissive platform.
Next Level Funded Coupon Codes and Discounts
Next Level Funded has several active discount codes. The code NLF60 gives 60% off all $10K accounts. The code 2XBOGO gives 50% off plus up to two free accounts. Other confirmed codes include BOGO50 (50% off plus buy-one-get-one) and PTH (50% off plus a free retry on a failed challenge). Verify codes at checkout on the Next Level Funded website as availability may change.
The evaluation fee is fully refundable on the third payout regardless of whether a discount code was used at purchase.
| Code | NLF60 |
| Discount | 60% off all $10K accounts |
| Code | 2XBOGO |
| Discount | 50% off + up to 2 free accounts |
| Applies to | Evaluation accounts (verify eligibility at checkout) |
| Last verified | July 2026 |
Frequently Asked Questions
Is Next Level Funded a legitimate prop firm?
Next Level Funded launched in November 2024 and claims $1.1M+ paid out to traders. It has a Trustpilot presence with mixed feedback — positive reviews cite fast payouts and smooth onboarding, while negative reviews report payout denials, KYC delays, and account closures after withdrawal requests. It is not regulated by a financial authority, which is standard for prop firms. As a firm under two years old, its track record is still limited. Starting with smaller account sizes reduces risk.
What challenge types does Next Level Funded offer?
Next Level Funded offers seven account models: 1-Step (8% target, 7% static drawdown), 1-Step Pro (11% target, 11% static drawdown), 2-Step (8%+6% targets, 12% static drawdown), 2-Step Pro (6%+6% targets, 8% static drawdown), Instant Pro (no evaluation, 6% trailing drawdown), Instant Crown (no evaluation, 4% trailing drawdown with strict rules), and Pay Later (any size from $7.77). Account sizes run from $5,000 to $200,000.
What is the drawdown rule at Next Level Funded?
Drawdown rules vary by account. The 2-Step has a 12% static max drawdown and 5% daily limit — one of the more generous in the evaluation space. The 1-Step has 7% static and 3% daily. The Instant Pro has a 6% trailing drawdown. The Instant Crown has a tight 4% trailing drawdown with a 2% daily limit and an auto-close system that triggers at 1.5% combined floating loss. All drawdowns are measured from balance.
What platforms does Next Level Funded support?
Next Level Funded supports MT5, Match-Trader, and TradeLocker. There is no MT4, DXtrade, or TradingView option. Instruments include forex majors, commodities, indices, and crypto ETFs. Leverage is 1:75 on forex for standard accounts and 1:25 on instant accounts. Commodity and index leverage is capped at 1:20.
What is the Next Level Funded discount code?
Several codes are active. NLF60 gives 60% off all $10K accounts. 2XBOGO gives 50% off plus up to two free accounts. BOGO50 gives 50% off plus buy-one-get-one free. PTH gives 50% off plus a free retry on a failed challenge. Enter codes at checkout on the Next Level Funded website. Verify availability before purchasing as terms may change.
Ready to try Next Level Funded?
7 account models from $7.77. 100% profit split. On-demand payouts. Use code NLF60 for 60% off $10K accounts.
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