FundedNext launches FNL:005 one-day challenge starting at $20

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FundedNext launches FNL:005

Entry stakes, profit targets and potential rewards

Each challenge provides access to a $10,000 FundedNext Challenge account, regardless of the stake selected. Traders can enter at $20, $50, $100, or $200 and choose either a 3x or 5x multiplier. The selected multiplier determines the potential reward, profit target, and maximum loss limit.

Under the 3x option, the profit target is $200, with a maximum loss limit of $90. The 5x option requires a $245 profit target and has a maximum loss limit of $70. Both options use static drawdown.

The potential reward depends on the entry stake and selected multiplier, ranging from $60 to $600 with the 3x option and $100 to $1,000 with the 5x option.

FNL:005 potential rewards by entry stake and multiplier

Stake	Reward at 3x	Reward at 5x
$20	$60	$100
$50	$150	$250
$100	$300	$500
$200	$600	$1,000

The challenge timer starts when the trader places their first trade, not when the challenge is purchased. It runs until the server closes for the day. To pass, traders must reach the relevant profit target within that period while meeting all other challenge requirements.

After passing, traders must complete KYC verification and receive approval before requesting their reward. Once verification is approved, the reward is processed straight away.

Challenge rules and trading conditions

Reaching the profit target is not the only requirement for passing. The challenge also includes a Best Trade Rule, under which no single trade can contribute more than 50% of total profit. Exceeding this limit results in a failed challenge, even if the profit target has been reached.

The challenge also ends if the maximum loss limit is reached. In that situation, all open trades are closed immediately. If the server closes before the trader reaches either the profit target or maximum loss limit, the challenge is marked as failed. Resets are not available, meaning traders who fail must purchase another challenge to try againNew purchases are disabled two hours before the server closes, and the platform displays the remaining time until close at checkout.

Traders can access Forex, metals, energies, and indices. Leverage is set at 1:30 for Forex and 1:10 for metals, energies, and indices. Commission rates are $5 per lot for Forex, 0.0016% for metals, $5 per lot for energies and oil, and zero for indices. Cryptocurrency and stocks are not available.

News trading is permitted, provided traders comply with FundedNext's standard CFD abusive strategy rules. The challenge accounts operate on a swap-only basis and are available on MT5. Traders in the USA can also access the challenge through MatchTrader. Each trader may hold up to five accounts.

The FNL:005 challenge is available for a limited number of participants. Traders interested in taking part can find further information, including the full challenge rules and conditions, at www.fundednext.com.

About FundedNext

FundedNext is a proprietary trading firm that offers traders access to simulated trading accounts through performance-based evaluation programs. The company provides various challenge models with defined profit targets and risk management rules. FundedNext supports trading across multiple financial markets, including Forex, commodities, and indices, and offers access to platforms such as MetaTrader 5 and MatchTrader.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.