FundedNext is a proprietary trading firm offering several CFD evaluation models, including Stellar 1-Step, Stellar 2-Step, Stellar Lite and Stellar Instant. It also offers futures products, giving traders multiple structures to choose from.
One of FundedNext’s defining features is the number of account models available. However, that flexibility also means traders need to pay close attention to the differences between programs.
How FundedNext Works
For CFD traders, the current Stellar models have different objectives.
Stellar 1-Step
The current Stellar 1-Step model requires:
- 10% profit target
- 3% daily loss limit
- 6% maximum loss
- 2 minimum trading days
Stellar 2-Step
The current Stellar 2-Step model requires:
- 8% Phase 1 target
- 5% Phase 2 target
- 5% daily loss limit
- 10% maximum loss
- 5 minimum trading days
Stellar Lite
The Stellar Lite model currently uses:
- 8% Phase 1 target
- 4% Phase 2 target
- 4% daily loss limit
- 8% maximum loss
- 5 minimum trading days
FundedNext also offers Stellar Instant, which has no profit target and no daily loss limit under the published general rules, although it has a 6% trailing maximum loss.
There is no fixed deadline for completing the CFD challenges, but FundedNext currently applies a 60-day inactivity rule.
FundedNext Profit Split
For current Evaluation, Stellar Lite, Stellar 1-Step and Stellar 2-Step accounts, FundedNext states that the standard reward share starts at 80% and can increase to 90% through scaling.
A 95% reward-share add-on is also available for eligible programs.
The payout structure can vary depending on the first-withdrawal option selected. For example, the current Stellar 2-Step and Stellar Lite options include Standard, 3-Day Performance Reward and On-Demand Performance Reward structures with different reward shares.
This is an important detail because the highest advertised percentage is not necessarily the default payout percentage.
Trading Rules
FundedNext’s current rules calculate daily and maximum loss using the applicable account model. Daily loss can include realized and unrealized P&L, swaps and commissions.
For example, the Stellar 2-Step model currently has a 5% daily loss limit and 10% maximum loss.
The different account models therefore cannot be compared purely by their profit targets. Risk limits and payout conditions also need to be considered.
Fees and Refund Conditions
FundedNext charges a program fee for access to its CFD Challenge.
Its current terms state that a refund can be requested within seven days of purchase only if no trading activity has occurred on the relevant Challenge Account. Once trading activity has occurred, the fee becomes non-refundable under the published terms.
This is an important condition to understand before starting a challenge.
Simulated Trading Environment
FundedNext’s current CFD Challenge terms explicitly state that the program operates in a simulated trading environment. The company says that traders do not place live CFD transactions through the Challenge and that simulated results do not represent actual financial returns.
This distinction is important when interpreting terms such as “funded account” and “account size.”
What Stands Out About FundedNext?
The major feature is choice. Traders can select from multiple evaluation models with different profit targets and risk parameters.
The availability of 1-Step, 2-Step, Lite and Instant structures means traders can select a model according to their preferred evaluation format rather than using a single standardized challenge.
What Traders Should Watch
The biggest issue is understanding which rules apply to the specific model being purchased.
For example, the daily loss limit ranges from 3% on Stellar 1-Step to 5% on Stellar 2-Step, while maximum loss ranges from 6% to 10% across those models.
Reward-share percentages can also vary according to the selected payout option and add-ons.
FundedNext Review: Verdict
FundedNext offers a wide range of evaluation structures and relatively detailed published rules. Its current product lineup gives traders flexibility, but that flexibility requires careful comparison before purchasing.
The most important factors to examine are the profit target, daily loss limit, maximum loss, minimum trading days, payout structure, reward-share option and refund terms.
For traders comparing prop firms, FundedNext is best assessed by comparing its specific account model against competing programs rather than looking only at the firm’s advertised maximum profit share.
Disclaimer: This review is educational and informational. Program rules, fees and payout conditions can change. Always check FundedNext’s current terms before purchasing an account.