FundedNext aims to offer financial empowerment to global prop traders while providing a trader-friendly environment under which they can maximize their benefits. This is a platform for all kinds of traders where they can demonstrate their skills. Hence, to offer a trader-friendly environment, we constantly receive feedback and suggestions from our users and act upon them.
One of the most common requests from FundedNext traders and supporters over the last few months has been for the Non-Consistency Express Account. And now, as part of our brand promise of delivering the best prop trading experience to traders, we are delighted to announce that,
FundedNext Introduces Non-Consistency Express Account!!!
Let’s have a closer look at Consistency Express Account & Non-Consistency Express Account to get a better picture of the overall scenario.
Consistency Express Account:
Your goal in this model is to hit a 25% profit target with no time limit. Once you achieve the target, you will start trading on FundedNext’s funded account with a 60% profit share. The profit share percentage can be increased all the way up to 90% based on your performance.
Features & Rules:
1. Unlimited days to hit Profit Target
2. 25% Profit Target the Demo Account
3. Monthly 15% Withdrawable profit share during the Demo Trading
4. 1st Profit Withdrawal in Real Account: 60%
2nd Profit Withdrawal in Real Account: 75%
3rd Profit Withdrawal in Real Account: 90%
5. $4M Scaleup Plan
6. 5% Daily Loss Limit
7. 10% Overall Loss Limit
8. News Rules : Traders are not allowed to open and close any trade 5 minutes before and after the news. This includes both Market Execution and opening/closing Pending Orders (including take-profit and stop-loss).
9. Minimum of 10 Trading Days/month
10. Real Funding Amount = 100% of Challenge Amount
11. Maintain ‘Consistency Rule’:
a. Your ‘Average lot size per day’ for the current week has to be –
i. Minimum – more than half of last week’s ‘Average lot size per day’
ii. Maximum – less than double of last week’s ‘Average lot size per day’
b. Your average number of trades per day for the current week has to be –
i. Minimum – more than half of last week’s ‘Average number of trades per day’
ii. Maximum – less than double of last week’s ‘Average number of trades per day’
Read more about the Consistency Rule: Express Model Consistency Rule.
Non-Consistency Express Account:
There are 2 important changes traders need to keep in mind for the Non-Consistency Express Account.
1. There is no ‘Consistency Rule’.
2. Real Funding Amount = 25% of Challenge Amount
To elaborate on the 2nd point, if you sign up and trade on a $100k demo account, if and when you reach the 25% profit target, you will receive a $25k real funded account.
WITH THE EXCEPTION OF THE CHANGES MENTIONED ABOVE, ALL THE EXPRESS MODEL RULES APPLY TO THIS MODEL.
Here’s a brief summary of the 2 Express Account types :
|Consistency Account||Non-Consistency Account|
|Maximum Challenge Amount||$100K||$100K|
|Real Funding Amount||100% of the Challenge Amount||25% of the Challenge Amount|
|Minimum Trading Days||10||10|
|Consistency Rule (!)||Yes||No|
Traders have waited for this update for months, we are glad to finally launch it for all our traders to enjoy. FundedNext respects your need for a flexible trading environment and a more personalized trading strategy on the path to maximum success.