Funded Next is a leading proprietary trading firm incorporated on 18th March 2022 and launched in 2009. Headquarters located in the UAE (United Arab Emirates). The founder of the company is Abdullah Jayed.
Funded Next Profile Details: Key Information About The Company
Updated: October 03, 2023
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According to Funded Next Business profile details, Funded Next is a renowned prop trading firm that allows traders to trade with funded accounts without risking their real money. Headquartered in UAE, the prop trading firm was launched in 2022 and funded by EightCap Brokers. The company has put over $39 million into the traders and offers two different funded trading accounts.
Since there is a list of prop trading firms, selecting one that best suits traders' and investors' interests is crucial. For those confused with Funded Next profile details or looking for a prop trading firm, this blog from the Traders Union experts about Funded Next Review and Funded Next profile details will help you.
For all the traders looking to increase their capital without risking their own money, let’s get into the details of this blog to learn about Funded Next profile details, Funded Next company profile and other related facts.
Funded Next general information
Funded Next is a prop trading firm that provides funded accounts to the aspiring traders. According to the Funded Next Company profile, the company was launched in 2022 and has paid over $39 million to its traders through the funded accounts.
The minimum fee with the platform is $250;
The maximum leverage is 1:500;
Spread from 1 pip;
Offers a demo account;
Educational materials;
24/7 customer support.
Funded Next prop trading firm allows two different funding model options to the traders.
Dem Account
This free account from Funded Next allows traders to test their trading skills without risking their money. If they can achieve a 25% growth in their respective accounts within a 10-day period while strictly adhering to all the rules, such as the 5% daily loss limit, 10% overall loss limit, and maintaining consistency, they will qualify for a real trading account. Additionally, upon meeting these criteria, they will have the option to immediately request a 15% profit withdrawal. When qualified at the challenge account, the traders become eligible for the funded account.
Funded Account
A funded account by Funded Next is a paid account that gives traders access to the pool of capital they can use for trading purposes. Benefits of a Funded account include access to the personal account manager, educational resources and trading signals.
To get qualified for a challenge account to a funded account, traders need to pass a trading challenge, have a minimum of two years of experience, and have a 60% win rate in their experience period.
Contact Information
While fetching details for the contact information of Funded Next, we found the following.
Email - support@fundednext.com
Business Hours - 24/7
Address - Office Number 7, AI Robotics Hub, C1 Building AFZ. Ajman, UAE.
Apart from these details, the website also has a connect us form. Users are required to enter their queries along with their name, email ID, and subject for help.
Enterprise history and synopsis
Found in 2022, Funded Next offers funded trading accounts to traders who have proven their ability to trade profitably. The prop trading firm is funded by Eight Cap brokers, who have been delivering services since 2009. Funded Next provides various trading tools, resources and educational material to improve traders’ trading skills.
The Funded Next team has a strict risk management policy protecting the firm and its traders. The firm has funded 1000+ traders and has generated around $100 million in profits since its existence.
Funded Next executive team
Abdullah Jayed is the Founder and CEO of Funded Next. He is a serial entrepreneur with over 10 years of experience in the financial services industry.
Syed Abdullah Galib is the Chief Operating Officer of Funded Next. He is a seasoned financial professional with over 15 years of experience in the investment banking and asset management industries.
Khosrul Alam is the Chief Financial Officer of Funded Next. He is a certified public accountant with over 10 years of experience in the financial services industry.
Afrina Aziz Priti is the Head of Marketing of Funded Next. She is a marketing professional with over 5 years of experience in the financial services industry.
Customer base
Funded Next has a wide customer base, with traders from over 195 countries. Funded Next popular markets are the United States, Asia and Europe. Brazil, India and South Africa are the emerging markets of the trading platform.
The company has funded around 1000 traders from its launch and has invested $39 million in funds to the funded accounts.
Legal entities and regulations
All the funds for Funded Next are provided by EightCap Brokers, an Australian financial service company providing trading solutions.
Eight Cap is regulated by FCA, ASIC, CySEC and SCB. Funded Next, therefore needs no regulation because Eight Cap is responsible for the all their traders.
FAQs
What is the maximum account for Funded next?
The maximum deposit for Funded Next is $300,000.
How do I use Funded next?
To use Funded Next, traders must log in to the website and pass the challenge account to get funded.
Who owns Funded Next?
Abdullah Jayed, a Bangladeshi investor and entrepreneur, owns Funded Next.
Where is Funded Next located?
Funded Next headquarters are in Ajman, UAE, and other offices are in New York, London and Singapore.
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.