FundedNext: The Firm in Brief

By PropTrader1 2 min read Published October 28, 2026

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Keep up to 90% of your profits. Start from €79.

Rewards up to 90% — the 1-Step pays from day one.
2-Step fee refunded in full with your first reward.
$650M+ paid to 4.5M+ traders — the 11-year standard.

Get the latest discount (affiliate link)

FundedNext is a fast-growing CFD prop firm whose signature is choice at checkout: the Stellar 2-Step lets you pick the payout cycle - 21-day at an 80% split, 3-profitable-day at 60%, on-demand at 90% once the account has grown 2% with no day above 40% of profit. A Lifetime 95% add-on overrides all three permanently. Stellar 1-Step: one phase, 10% target, 6% static floor, 80% share (help.fundednext.com, checked 28 October 2026).

Details that matter: sizes from $6,000 ($59.99 2-Step) to $200,000 ($999.99); the fee returns as a Refundable Fee - with the first reward on the 2-Step, but the third reward on a 1-Step bought on or after 12 January 2026; news trades inside five minutes of high-impact releases count at only 40% of profit; EAs are banned at $50K and above.

The independent, dated comparison against FTMO: FTMO vs FundedNext; the refund-term vocabulary: refundable fee.

Rule details cited here come from FundedNext's help centre.

Part of the firm cluster and the full prop firm glossary.

Frequently Asked Questions

Why is a 50% drawdown harder to recover than a 10% one?

A 50% drawdown requires a 100% gain to recover, while a 10% drawdown only needs 11.1%. Recovery math is exponential. At 30% drawdown you need 42.9% to break even. This is why prop firms cap drawdown at 10-12% rather than higher percentages.

What is the 3-5-7 rule in forex?

The 3-5-7 rule suggests risking 1-3% per trade, keeping total open risk at 5% or less, and limiting single market exposure to 7%. It is a general risk guideline, not a prop firm rule, but following it naturally keeps you within most max drawdown limits.

What is a good maximum drawdown?

For prop firm trading, keeping your actual drawdown under 5% is excellent. Most firms allow 10-12%, but staying well below the limit demonstrates strong risk management and gives you a buffer for unexpected market events.

Is maximum drawdown calculated on balance or equity?

It depends on the firm and drawdown type. Static drawdown is typically calculated on starting balance. Trailing drawdown follows your highest equity. Some firms include floating losses in their calculation, making equity the relevant measure.

What happens when you breach maximum drawdown?

Breaching maximum drawdown results in immediate and permanent account closure. All positions are closed automatically, the challenge is terminated, and there is no refund or appeal. It is the final rule with no second chances.

What is the difference between daily drawdown and maximum drawdown?

Daily drawdown resets every day and limits your loss within a single session. Maximum drawdown is cumulative across the entire challenge or funded period. You can breach max drawdown through many small daily losses that accumulate over time.