Funded Next Scaling Plan
FundedNext offers 3 scaling packages with payout ratio 80%-90% :
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Starter - starts with a $10,000 account and offers up to a $14,000 scaling limit.
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Pro - starts at a $25,000 account and offers 40% scaling of up to $35,000.
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Elite -starts with the $50,000 funded account and offers 40% scaling limits up to $70,000.
FundedNext is a prop trading firm incorporated in 2022. The company provides funded account trading experience to new and experienced traders, allowing them to test trading skills and book profit with funded accounts.
According to the FundedNext review, the prop firm offers a scaling plan to existing traders, which helps them increase their funded account size, up to 40%, based on consistency and trading performance. However, a few criteria, like a funded account with FundedNext, 10% growth in four consecutive months, and a minimum of two payouts, must be met to be eligible for the Funded Next Scaling plan.
What is the Funded Next scaling plan?
FundedNext allows traders to increase their funded account size with consistent efforts and performance. As we have mentioned, some criteria need to be met to be eligible for scaling, which include the following:
The traders opting for the FundedNext scaling plan must have a funded account with FundedNext.
FundedNext funded account traders must have a minimum of 10% account growth in four consecutive months.
The traders must make a minimum of two payouts in four consecutive months.
The last month must end in profit, along with completing other requirements.
All the traders who have met the above criteria, and are eligible for the scaling plan, will receive a 40% increase in their account balance, with a maximum limit of 4 million. Therefore, the scaling plan aims to reward consistently profitable traders with more limits and exposure.
Funded Next Scaling Plan packages
Funded Next offers one of the best funded trading accounts to the traders.
According to the Funded Next Scaling Plan review, the platform offers different scaling plan packages, which include:
FundedNext Starter
This scaling package starts with a $10,000 account and offers up to a $14,000 scaling limit. The payout ratio for the package is around 80%. The profit target for the scaling plan package is 10%.
FundedNext Pro
This FundedNext scaling plan package starts at a $25,000 account and offers 40% scaling of up to $35,000. The payout ratio for the scaling plan package will be 85%. The profit target for the scaling plan package is 15%.
FundedNext Elite
This package starts with the $50,000 funded account and offers 40% scaling limits up to $70,000. The payout ratio for the package is around 90%. The profit target for the scaling plan package is 20%.
The payout ratio is the percentage of the amount traders will receive for their profits. For every $100 profit you make-
80% will be the $80 you will receive, and $20 will be the FundedNext fee.
85% payout ratio will be you will receive $85, and $15 will be the FundedNext fee.
90% is $90, and the rest, $10, is the FundedNext fee.
Overall, the FundedNext Starter Scaling Plan Package is a good option for traders looking to grow their trading accounts without risking their money. The program offers a low barrier to entry and no monthly fees, making it a cost-effective way to grow your trading account. However, the profit target, scaling limit and account size must be considered for eligibility.
Example of scaling plan Funded Next
The trader starts with a $15,000 challenge account and achieves a profit of $1,500 (10%).
The trader is assigned a funded account with a balance of $15,000.
The trader continues to trade and achieves a profit of $15,000 (10%).
Trader's account is scaled up to $30,000.
The trader continues to trade and achieves a profit of $30,000 (10%).
Trader's account is scaled up to $50,000.
The trader continues to trade and achieves a profit of $50,000 (10%).
Trader's account is scaled up to $100,000.
FAQs
What is the Myfunded FX scaling plan?
The Myfunded FX scaling plan is a program that allows traders to increase their account size by up to $1.75 million.
What is the scaling plan?
A scaling plan is a package that allows traders to increase their account limit with consistent profits and trades.
What is the lot size limit for FundedNext?
Traders can trade any size lot they want as long as they have enough margin in their account. This gives traders much flexibility and allows them to trade according to their risk tolerance and trading style.
What are the rules for FundedNext Evaluation?
FundedNext evaluation rules include a profit of at least 10%, a minimum of 5 trades, a positive risk-reward ratio, and to constantly follow these rules for the given period of time.
Team that worked on the article
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 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.