What program types are available at FundedNext?
💡 Answer
Here are the available program types at FundedNext:
• Stellar 1-Step Challenge (single phase: 10% target, 3% max daily loss, 6% max loss, min 2 trading days; payouts every 5 business days; 90% reward share in the funded stage)
• Stellar 2-Step Challenge (Phase 1: 8% target; Phase 2: 5% target; 5% daily loss; 10% max loss; min 5 trading days per phase; first payout after 21 days then bi-weekly; 80%→90% with Scale-Up)
• Stellar Lite Challenge (Phase 1: 8% target; Phase 2: 4% target; 4% daily loss; 8% max loss; min 5 trading days per phase; first payout after 21 days then bi-weekly; optional add-ons like Max Loss 10%)
• Stellar Instant (no evaluation/profit target; 6% trailing max loss; first payout after 5 business days then on-demand; 80% reward share)
• Legacy Express/Evaluation models were discontinued for new clients on 18 Mar 2025 (existing clients may still hold them).
More FAQs about FundedNext
- Are expert advisors (EAs), news trading, weekend trading, and copy trading allowed at FundedNext, and which strategies are prohibited?
- What payment methods does FundedNext accept, and what is its refund policy?
- How do payouts work at FundedNext, including minimum payout, payout frequency, processing time, and payout methods?
- What is the maximum profit split offered by FundedNext?
- What assets and markets can traders trade at FundedNext?
- What leverage does FundedNext offer for forex, indices, metals, and crypto trading?
- What trading platforms does FundedNext support, and which broker does it use?
- What are the trading conditions at FundedNext regarding spread quality, commissions, and slippage policy?
- What trading strategies are prohibited at FundedNext, is martingale allowed, and are there any lot size limits?
- What type of drawdown does FundedNext use for its trading accounts?
- What risk management and consistency rules must traders follow at FundedNext?
- What program types does FundedNext offer to traders?
- What challenge structure does FundedNext use for its evaluation process?
- What is the maximum funding offered by FundedNext, and is a scaling plan available for traders?
- What is the current Trustpilot rating and number of reviews for FundedNext?
- What are the account limits at FundedNext, including the maximum number of accounts, account merging rules, and lot size limits?
- Is KYC required at FundedNext, and at which stage does identity verification take place?
- Are there any restricted countries at FundedNext?
Guides Where FundedNext Is Featured
- Prop Firms Offering Forex Trading
- Prop Firms with More Than 2500 Trustpilot Reviews
- Prop Firms With MT5 Platform
- Prop Firms With Trustpilot rating of 3.4 or higher
- Top Prop Firms That Accept Clients From Haiti
These guides include FundedNext alongside other prop firms, grouped by trading features, platforms, availability, and trader requirements.
FundedNext vs Seacrest Markets vs Eightcap Challenges - Prop Firm Comparison (March 2026)
Side-by-side comparison of FundedNext vs Seacrest Markets vs Eightcap Challenges. Quickly scan maximum funding, profit splits, risk rules, leverage, platforms, instruments, payout schedules, payment options, trading permissions and KYC restrictions to narrow down your prop trading firm shortlist. Data updated March 2026.
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FundedNext
FundedNext is a UAE-registered prop trading platform that offers Stellar 1-Step, Stellar 2-Step, Stellar Lite evaluations plus Stellar Instant funding. It combines balance-based drawdown rules, access to MT4/MT5/cTrader/Match-Trader (TradingView supported for analysis), and reward shares up to 95% (with add-ons)...
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Seacrest Markets
Seacrest Markets (formerly MyFundedFX) is a broker-backed prop evaluation program offering MT5 and Match-Trader simulated challenges with no time limits, up to $400,000 total simulated value across active accounts, 80% profit split on Live Sim accounts (with VIP tiers up...
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Eightcap Challenges
Eightcap Challenges is a broker-backed simulated trading program operated by Eightcap International Ltd (Seychelles) that offers One Phase and Two Phase CFD challenges on mt4, mt5 and tradelocker with balance-based drawdown limits, a 14-day payout cycle, and 80% profit splits...
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|---|---|---|---|
| Overview | |||
| Trustpilot Rating | 4.5 | 3.3 | 4.1 |
| Trustpilot Reviews | 61,473 | 1 | 3,569 |
| Headquarters | United Arab Emirates | South Africa | Seychelles |
| Age (Years) | N/A | N/A | 1 |
| Max Funding | $300,000 | $400,000 | $600,000 |
| Profit Split Start | 80% | 80% | 80% |
| Profit Split Max | 95% | 92.75% | 90% |
| Platforms | MT4 MT5 cTrader Match-Trader | mt5 match-trader | mt4 mt5 tradelocker |
| Assets | Commodities Crypto Forex Indices | FX Metals Indices Energy & Commodities Crypto | FX Commodities Indices Crypto US Stocks (Day Trader only) |
| Leverage | |||
| FX Leverage | 100 | 30 | 100 |
| Metals Leverage | 15 | 10 | 20 |
| Crypto Leverage | 1 | 2 | 3 |
| Risk & Drawdown Rules | |||
| Max Daily Loss | 5 | Maximum Daily LossDaily loss limits depend on plan: 4% (1-Step), 5% (2-Step), 4% (3-Step). | Maximum Daily DrawdownEightcap Challenges applies a balance-based daily drawdown rule calculated from the previous day’s account balance snapshot (Previous Day Balance × Limit%). Your account’s intraday equity loss must not exceed this daily limit.One Phase: 4% daily drawdown (Assessment and Payout Stages).Two Phase: 5% daily drawdown (Assessment, Qualification and Payout Stages).Day Trader: No daily drawdown; risk is managed via fixed maximum drawdown thresholds tied to the selected timeframe and multiplier. |
| Max Total Loss | 10 | Maximum Overall Loss6% trailing (1-Step), 8% static (2-Step / 3-Step). | Maximum DrawdownOverall drawdown is enforced as a fixed percentage of the initial balance for standard challenges and as fixed-dollar thresholds for Day Trader Challenges.One Phase: 8% maximum drawdown (Assessment and Payout Stages).Two Phase: 10% maximum drawdown (Assessment, Qualification and Payout Stages).Day Trader: Maximum drawdown is defined in dollars and varies by timeframe and multiplier (DT-1/DT-2/DT-4/DT-8 with 2x/5x/10x options). |
| Drawdown Type | Stellar 1-Step / 2-Step / Lite: Daily Loss and Maximum Loss are calculated from the initial balance of the phase and include closed + floating PnL (plus commissions/fees). The daily limit resets at 00:00 (server time GMT+2). The maximum loss threshold is fixed as a percentage of the initial balance, while the “maximum permitted loss” displayed can expand or shrink with accumulated profit/loss within a trading cycle.Stellar Instant: Uses a 6% trailing maximum loss limit that ratchets upward with profits; it does not reset after withdrawals. | Equity-based (Trailing on 1-Step; Static on 2-Step/3-Step) | Balance-based (Daily from previous-day balance; Max fixed from initial balance) |
| Payouts | |||
| Payout Frequency | Payout Frequency (Performance Rewards)Payout timing depends on the account model:Stellar 1-Step FundedNext Account: rewards are requested on a 5 business day cycle (first and subsequent cycles).Stellar 2-Step & Stellar Lite FundedNext Accounts: first reward is available after an initial 21-day cycle, then bi-weekly (every 14 days) thereafter if eligibility is met; a “Bi-Weekly Reward” add-on can bypass the initial 21-day wait.Stellar Instant: first reward is available after 5 business days, then rewards can be requested on-demand, subject to eligibility and trailing drawdown buffer rules. | Payouts every 14 days (VIP tiers faster). | Payout FrequencyOne Phase & Two Phase: Standard payout eligibility begins 14 days into the Payout Stage (or 7 days with the earlier-payout add-on), provided all payout-stage requirements and KYC are satisfied.Day Trader Challenges: Payout eligibility is immediate upon successful completion of the time-limited challenge. |
| Days to First Payout | 5 | 14 | 14 |
| Payout Processing Time | Payout ProcessingPerformance Reward requests are submitted through the FundedNext dashboard. Processing time can vary based on compliance checks, payout method/provider, and request volume; allow additional time for bank/crypto settlement after approval. | Processing 12–72 hours. | Payout ProcessingPayout requests are reviewed by the risk team for rules compliance and KYC (if required). Approved payouts are typically processed within 24–48 hours of an eligible request, but may take longer if additional review is required. |
| Payout Methods | Rise Crypto Bank Transfer | Crypto RiseWorks | Crypto International Bank Transfer |
| Payments | |||
| Payment Methods | Credit/Debit Card Crypto Local Payment Methods | Credit/Debit Card Crypto Apple Pay | Credit/Debit Card (Visa Mastercard) Crypto (USDT TRC20 USDT ERC20 BTC) |
| Trading Permissions | |||
| News Trading | News trading is generally allowed across FundedNext CFD models, but FundedNext applies ‘restricted news time’ rules on funded accounts: if trades are executed during restricted high-impact, instrument-correlated news windows, a portion of the profit can be removed during cycle review (commonly referenced as a 40% deduction on affected profits). Stellar Instant has a distinct news-time profit treatment where FundedNext may retain a larger share of profits generated during designated news time. | News trading restricted on Live Sim (±3 minutes). | Trading during major news events is restricted: you cannot place trades within 10 minutes before or after high-impact events (per FXStreet). Trading inside the window is treated as a soft breach that triggers a warning and removal of any profits made from those trades. |
| Weekend Trades | Overnight and weekend holding is allowed across all active CFD account types (Stellar Instant, Stellar 1-Step, Stellar 2-Step, Stellar Lite). Swap charges (unless swap-free) can impact floating PnL and therefore drawdown calculations. | Weekend trading allowed. | Weekend trading is allowed. The platform supports 24/7 trading, including the ability to manage positions over the weekend. |
| Copy Trading | Copy trading is allowed only between your own FundedNext Challenge accounts (one ‘master’ and one or more ‘slave’ accounts) as long as total combined Challenge capital does not exceed $300,000. Copy trading is prohibited between any FundedNext Account and any other FundedNext Account or Challenge account (even if you own them). Cloud-based copy services are not allowed; VPS-based copiers are permitted only for copying between your own Challenge accounts. | Copy trading allowed for own strategies only. | Copy trading or mirroring another person’s trades is prohibited and may result in profit removal or account termination. Copying between your own accounts is allowed only if all accounts are registered under the same email address. |
| EA Allowed | EAs/automation are supported on MT4/MT5 (and platform-native automation where applicable). Match-Trader is positioned for manual trading and does not support MetaTrader-style EAs. Any automation must still comply with FundedNext’s prohibited strategy and fair-use rules. | EAs allowed on MT5 only. | Expert Advisors (EAs) and indicators are permitted, but prohibited strategy types (including martingale, grid, tick trading, arbitrage variants, gap trading and account management) are monitored and can trigger violations—especially during the Payout Stage. |
| KYC & Restrictions | |||
| KYC Required | Yes | Yes | No |
| KYC Stage | KYC (identity verification) is required after passing a Stellar Challenge and before a FundedNext Account is issued. Traders upload government-issued ID (and in some cases proof of address) via the dashboard Verification Center; once approved, FundedNext typically issues the FundedNext Account within 48–72 hours. KYC must be completed within 30 days after passing, otherwise the account can become inactive. | KYC required at Live Sim stage. | Australia, Saint Lucia, Afghanistan, Central African Republic, Cuba, Democratic People’s Republic of Korea (North Korea), Democratic Republic of the Congo, Guinea-Bissau, Iran, Iraq, Lebanon, Myanmar, Russia (and Crimea, Donetsk, Luhansk and Sevastopol regions of Ukraine), Somalia, Sudan, South Sudan, Syria, Yemen, Zimbabwe, Libya |
| Restricted Countries | Afghanistan Albania Antigua and Barbuda Bangladesh Belarus Belize Bouvet Island Burundi Cape Verde Central African Republic Chad Comoros Cuba Democratic Republic of the Congo Eritrea Ethiopia Fiji Grenada Iran Lebanon Libya Malaysia Mali Myanmar Nicaragua North Korea Russia Somalia South Sudan Sri Lanka Sudan Syria Tuvalu Ukraine Venezuela Vietnam Yemen Zimbabwe | Cuba Iran Lebanon Syria North Korea Libya Russia Sudan Somalia South Sudan Vietnam United Arab Emirates Hong Kong Belarus Myanmar Central African Republic Democratic Republic of Congo Congo Ethiopia Nicaragua Venezuela Yemen Philippines Kenya Algeria Morocco United States | Australia Libya Lebanon Pakistan Russia Somalia South Sudan Sudan United States Zimbabwe Afghanistan Central African Republic Cuba Democratic Republic of the Congo Guinea-Bissau Iran Iraq Myanmar North Korea Syria Yemen |