What program types does FundedNext offer to traders?
💡 Answer
FundedNext offers the following program types to traders:
• 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 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 program types are available at 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 Match-Trader Platform
- Prop Firms with More Than 5000 Trustpilot Reviews
- Prop Firms With Trustpilot rating of 3.3 or higher
- Top Prop Firms That Accept Clients From Algeria
These guides include FundedNext alongside other prop firms, grouped by trading features, platforms, availability, and trader requirements.
FundedNext vs PipFarm vs Seacrest Markets - Prop Firm Comparison (March 2026)
Side-by-side comparison of FundedNext vs PipFarm vs Seacrest Markets. 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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PipFarm
PipFarm is operated by ECI Ventures Pte. Ltd. (Singapore) and provides simulated trading challenges on the cTrader platform. Traders who pass a Trading Challenge may be enrolled in PipFarm’s Remote Trader Program and earn a reward (profit share) based on...
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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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| Overview | |||
| Trustpilot Rating | 4.5 | 4 | 3.3 |
| Trustpilot Reviews | 61,473 | 351 | 1 |
| Headquarters | United Arab Emirates | Singapore | South Africa |
| Age (Years) | N/A | 3 | N/A |
| Max Funding | $300,000 | $300,000 | $400,000 |
| Profit Split Start | 80% | 70% | 80% |
| Profit Split Max | 95% | 99% | 92.75% |
| Platforms | MT4 MT5 cTrader Match-Trader | cTrader | mt5 match-trader |
| Assets | Commodities Crypto Forex Indices | Forex Metals Energy Indices Crypto | FX Metals Indices Energy & Commodities Crypto |
| Leverage | |||
| FX Leverage | 100 | 30 | 30 |
| Metals Leverage | 15 | 20 | 10 |
| Crypto Leverage | 1 | 10 | 2 |
| Risk & Drawdown Rules | |||
| Max Daily Loss | 5 | Maximum Daily LossPipFarm’s Max Daily Loss rule is calculated as a percentage of the previous end-of-day (EOD) balance. By default, the daily loss limit is 3% of the previous EOD balance and is recalculated when the previous EOD balance changes. PipFarm states the EOD is calculated in the dashboard around 22:05 GMT (winter) or 21:05 GMT (US daylight savings). PipFarm also states traders may increase the daily loss limit to 4% after achieving Rank 4 in its Experience Programs. | Maximum Daily LossDaily loss limits depend on plan: 4% (1-Step), 5% (2-Step), 4% (3-Step). |
| Max Total Loss | 10 | Maximum Overall LossPipFarm offers different maximum-loss models depending on program selection. For Static Max Loss, PipFarm states the one-stage program uses a 6% Static Max Loss of starting balance, while the two-stage program uses a 9% Static Max Loss of starting balance. For the one-stage program, PipFarm also offers a Trailing Maximum Loss option which tracks a high watermark (balance-based) and is 9% of the high watermark balance (10% if Rank 2 or higher). | Maximum Overall Loss6% trailing (1-Step), 8% static (2-Step / 3-Step). |
| 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. | Drawdown ModelPipFarm’s public rules describe multiple drawdown frameworks, including: (1) a Static Max Loss (fixed percentage of starting balance), (2) a balance-based Trailing Max Loss (tracks the high watermark of account balance), and (3) an equity-based trailing max drawdown rule (high-watermark equity-based), as described in PipFarm’s Terms. | Equity-based (Trailing on 1-Step; Static on 2-Step/3-Step) |
| 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. | Payout FrequencyBy default, PipFarm schedules and processes payouts automatically on the first Friday of each month. Optional payout-frequency add-ons are available: Bi-weekly (1st and 3rd Friday of each month, +10%) and Weekly (every Friday, +25%). | Payouts every 14 days (VIP tiers faster). |
| Days to First Payout | 5 | 0 | 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. | Payout ProcessingPipFarm states payouts are processed automatically at 06:00 GMT on the eligible Friday and completed by 23:59 GMT the same day, provided requirements are met and there are no open positions. PipFarm’s Terms also describe a $1,000 compensation policy if a scheduled payout is missed due to internal company error (subject to conditions), and note payouts may be suspended or delayed for investigation or verification requirements. | Processing 12–72 hours. |
| Payout Methods | Rise Crypto Bank Transfer | Rise Skrill USDT USDC | Crypto RiseWorks |
| Payments | |||
| Payment Methods | Credit/Debit Card Crypto Local Payment Methods | PipFarm’s Terms state it accepts payment through various methods (including credit cards e-wallets and cryptocurrencies) though availability may vary by user and time. | Credit/Debit Card Crypto Apple Pay |
| 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. | PipFarm’s marketing materials state it allows news trading and that it does not dictate how users should trade. PipFarm’s Terms also prohibit exploitative trading strategies (including “news straddling”). | News trading restricted on Live Sim (±3 minutes). |
| 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. | N/A | Weekend trading allowed. |
| 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. | PipFarm’s Terms list copy-trading/managed-account services (e.g., MQL5 or ZuluTrade) as prohibited trading practices, and also prohibit trading on behalf of others or having others trade on your behalf. | Copy trading allowed for own strategies only. |
| 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. | PipFarm’s Terms prohibit using a commercial trading robot purchased from a third party without any adjustment to strategy. | EAs allowed on MT5 only. |
| KYC & Restrictions | |||
| KYC Required | Yes | No | Yes |
| 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. | PipFarm’s Terms state that to participate in the Remote Trader Program, the user must pass an ID verification process after passing a Trading Challenge for the first time. PipFarm states verification is completed via ComplyCube or Veriff and may require an identity document, a selfie, and (in some cases) proof of address, questionnaires, or a video call. | KYC required at Live Sim stage. |
| 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 | Afghanistan Central African Republic Congo (Republic of the Congo) Crimea Democratic Republic of Congo Iran Libya North Korea Somalia South Sudan Sudan Syria Yemen | 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 |