Investor's trading accounts are scalable up to 4 million dollars.
Spreads are highly competitive.
Traders get access to profit share even in the trial phase.
Funded Next Safety and Regulation
Updated: January 03, 2024
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Funded Next was launched back in 2022 with its offices located in the United Arab Emirates (UAE), and the United States Of America (USA). It’s rated as one of the best and most trusted prop trading firms, allowing investors to trade with funded accounts.
Prop trading firms are becoming popular among novice and proficient Forex traders. But one question constantly lingers in their minds regarding whether prop traders are legit or scams.
You see many investors who want to trade with this firm always wonder:
Is Funded Next legit?
Is Funded Next Scam?
So to answer these questions, experts at Traders Union have outlined a detailed explanation of the Funded Next safety and regulations, and have a detailed guide for Funded Next Review for clarity.
Is Funded Next legit?
The answer to the above heading is yes. Funded Next is a proprietary trading platform that works with Eightcap brokers. Eightcap is an Australian financial services company that provides trading solutions. This financial service company is regulated by the following:
The Financial Conduct Authority ( FCA ).
The Securities Commission of The Bahamas ( SCB).
The Australian Securities and Investment Commission ( ASIC).
The Cyprus Securities and Exchange Commission ( CySEC).
Funded Next is officially registered in the United Arab Emirates (Office no. 7, AI Robotics HUB, C1 Building, AFZ, Ajman, UAE). It is not a broker itself and therefore does not hold a corresponding license.
Apart from this, Funded Next also holds an immaculate Trustpilot profile with 3997 reviews along with 4.6 stars rating.
Is Funded Next legit in my country?
The prop (proprietary trading) firm has offices in the UAE, USA, and Southeast Asia and works with residents of all countries. Just make sure that you know your local regulations if there are any.
Is Funded Next regulated by governments?
The government does not regulate Funded Next, but its partner broker is fully regulated. Eightcap is a reputable CFD and Forex broker regulated by Australian Securities and Investment Commission (ASIC).
Funded Next pros and cons
👍 Funded Next pros
• Novice traders get the assistance of proficient traders.
• Investors get access to large trading capital.
• Once the challenge is passed, traders can get up to $2,00,000 in their accounts.
• This prop trading firm also allows their traders to earn 15% through their affiliate program.
• Access to swap-free accounts.
• No commission is charged on indices.
• Traders get access to unlimited evaluation retries (free).
• Profit split up to 90%.
• Traders can hold their trade overnight as well as on weekends.
• No restriction on how you trade.
• You also get a designated account manager.
👎 Funded Next cons
• No free plans are available.
• This proprietary trading firm keeps the trading fee under wraps until the trader starts trading.
• Minimum trading 5 days a week.
Funded Next background
Funded Next proprietary trading platform was founded in 2009, with its offices located in the United Arab Emirates (UAE), the United States Of America (USA), and Southeast Asia.
The CEO of this typical prop firm Abdullah Jayed had a vision for enthusiastic young individuals who wanted to achieve their dreams. And that's why he thought of curating this platform where young or experienced traders can test their trading strategy, and upon successful completion of challenges, they can get funded.
Even in May 2023, this prop trading firm has paid $39M to 38,000+ Funded traders. And also, they have a vision to change 50 Million traders' lives.
FAQs
How much can you withdraw from FundedNext?
In the Expresses, Stellar, and Evaluation model, traders can withdraw up to 15% during their assessment period.
What are the benefits of FundedNext?
Is the Funded trader legit?
The answer to your query regarding Funded Next legit; the answer is a resounding yes. This prop trading firm is regulated by an ASIC broker, which is situated in Melbourne, Australia.
Is the Funded trader legit in the USA?
FundedNext is not regulated in the United States, so the Securities and Exchange Commission (SEC) does not consider it a legitimate company.
Team that worked on the article
Upendra Goswami
Contributor
Upendra Goswami is a full-time digital content creator, marketer, and active investor. As a creator, he loves writing about online trading, blockchain, cryptocurrency, and stock trading.
Dr. BJ Johnson
Developmental English Editor
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.