Is FundedNext legit or just another slick scam? In this guide, we’ll answer that question by breaking everything down step-by-step — especially for beginners who are new to the world of prop trading.
From understanding how FundedNext works, to looking at what real users say on platforms like Trustpilot and Reddit, we’ll give you the full picture. By the end of this read, you’ll have all the facts you need to decide whether FundedNext is worth your trust — or your time.
What Is FundedNext?
FundedNext is what’s known as a proprietary trading firm, or “prop firm” for short. Simply put, they give traders access to large trading accounts — without needing the trader to risk their own money. If you can prove you’re profitable and disciplined, they’ll fund you, and you get to keep a percentage of the profits you generate.
Launched in March 2022 and based in the United Arab Emirates, FundedNext has grown fast, attracting over hundreds of thousands of users worldwide. Their goal? To give traders a fair shot at accessing capital, without the traditional barriers of trading large accounts. What sets them apart is their flexibility in funding models — from the two-step Evaluation to the rule-light Express and their newer Stellar model, beginners can choose the path that fits their style and experience.
Want to know if they really deliver? Check out our full FundedNext review next.
They also provide helpful tools, a sleek dashboard, and a generous profit split that goes up to 90%, making it appealing for those who want to turn their trading into a career. But as with any opportunity that sounds promising, the real question is: can they be trusted?
Is FundedNext Regulated — And Can You Trust Them?
The first thing many beginners ask is whether FundedNext is regulated, and it’s a fair question. But here’s the truth: most proprietary trading firms — including FundedNext — are not regulated like traditional brokers, because they don’t offer brokerage services or manage client funds. Instead, they provide demo accounts and profit-sharing based on performance, which doesn’t fall under typical financial regulation.
So, how do you verify if a prop firm like FundedNext is legit or not? You focus on four key areas of due diligence:
- Business Registration & Legal Structure
FundedNext is legally registered and headquartered in Sharjah, United Arab Emirates, under the parent company GrowthNext FZCO. Their business information is verifiable and their team has appeared publicly at multiple trading expos, including Forex Expo Dubai, which helps add a layer of accountability.
- Transparency & Business Model
Their business model is clearly laid out: traders can access funded accounts by passing specific trading challenges, with no hidden fees or surprise charges. Each model (Evaluation, Express, or Stellar) has well-documented rules and profit splits — all visible before you pay anything. That level of transparency is a good sign.
- Payout Track Record
One of the biggest markers of legitimacy is whether the firm pays its traders — and FundedNext has processed millions of dollars in payouts, with payment proof frequently shared by real users across communities and social media. We’ll explore user reviews in more depth shortly, but it’s safe to say they have a working payout system.
- Red Flags? Not Really.
Scam prop firms often hide behind shady tactics like high upfront fees with no funding, vague terms, fake trading platforms, or poor customer support. In contrast, FundedNext offers reasonable pricing, responsive support, and a detailed user dashboard — all of which align more with a professionally-run business than a fly-by-night operation.
So, Is FundedNext Legit or a Scam?
FundedNext is a legitimate prop trading firm — not a scam. While it isn’t regulated like traditional brokers (and doesn’t need to be), it meets all the critical checkpoints that help confirm legitimacy: a verifiable company structure, clear trading models, a consistent payout history, and strong visibility within the trading community. Sure, it’s still up to you to read the rules and trade responsibly, but if you’re looking for a serious prop firm with real opportunities and no shady practices, FundedNext stands out as a trustworthy choice.
That said, before jumping in, it’s important to understand how their funding models work, what kind of profit split and withdrawal policies to expect, and the specific trading rules you’ll need to follow — especially if you’re just getting started. Let’s break all of that down next.
FundedNext’s Trading Models Explained (For Beginners)
FundedNext offers three main funding models — and knowing how each one works is essential before you choose. The options are: Evaluation, Express, and the newer Stellar model. Each comes with its own rules, profit split structure, and difficulty level.
- The Evaluation Model is a two-step challenge. You’ll need to hit specific profit targets while staying within drawdown limits. It’s designed to test both your skill and discipline over a longer period, and is ideal for traders who prefer a more gradual approach with a full fee refund once funded.
- The Express Model is faster and simpler. You only need to prove consistency over time — not pass a profit target. It’s great for beginners who want flexibility and quicker access to profit sharing. However, there’s no refundable fee here.
- The Stellar Model combines elements from both, with instant funding, biweekly payouts, and no minimum trading days. It’s relatively new but gaining traction because of its simplicity and lower barrier to earning real profits.
All models use simulated (demo) accounts, but if you meet the conditions, you’ll receive real profit payouts based on your performance — which leads us to what most traders really want to know next: how much can you actually earn, and how do you get paid?
Profit Split, Scaling, and Withdrawal Policies
One of the most attractive features of FundedNext is its generous profit-sharing model. Traders can earn up to 90% of the profits, depending on the funding model and account size. This high profit split places FundedNext among the top-tier prop firms in terms of trader rewards.
Here’s how it works: once you’re funded, you trade on a simulated account tied to real market data. FundedNext then pays you your share of the profits (from their capital) through methods like Wise, crypto, Payoneer, or bank transfer, typically on a biweekly or monthly basis, depending on the model you’re using.
They also offer scaling plans, meaning your account size can grow over time if you consistently perform well — sometimes up to $4 million in capital access. This is a big plus for serious traders who want to build long-term income.
Payout processing times are generally fast, and there are no shady delays — but it’s still essential to play by the rules, which we’ll cover next.
Trading Rules and Restrictions (Important!)
Every prop firm has rules — and FundedNext is no exception. These rules are designed to manage risk and ensure traders are following a disciplined, professional approach. For beginners, understanding these rules upfront can save a lot of headaches later.
The key rules include:
- Daily Drawdown Limit: You can’t lose more than a set percentage in one day — usually around 4–5% depending on your model.
- Maximum Overall Drawdown: This is typically 10%, so if you go below that, your account is breached.
- Lot size and consistency rules: Some models require consistent trading volume or avoid sudden over-leveraged trades.
- No gambling or news trading: Risky, high-impact strategies around major economic releases are discouraged or outright banned in some models.
- Weekend trading and EAs: These are allowed in some models (like Express), but always check the latest rules per model.
FundedNext lays out these rules clearly in their FAQs and dashboard, but violating even one can lead to account termination — even if you’re profitable. That’s why understanding and respecting the rules is just as important as hitting your targets.
Platforms and Broker Partnerships
FundedNext works with well-established broker partners to deliver real-market trading conditions on simulated accounts. Traders can choose from MT4, MT5, or cTrader platforms — depending on their preference and the broker linked to their model.
The main broker FundedNext currently partners with is:
- Eightcap – An ASIC-regulated broker known for low spreads, fast execution, and solid reputation. Great for scalpers or news traders (where allowed).
You’ll be trading in a demo environment, but the conditions mirror live markets in real time. This means pricing, spreads, slippage, and market movement are all reflective of what you’d experience with actual capital — which helps build real-world trading discipline.
The choice of platform and broker depends on the model you select. FundedNext lets you know upfront which broker and platform your account will run on, so there are no surprises.
Awards and Recognition
Despite being relatively new to the prop firm scene, FundedNext has already earned industry recognition — which further supports its legitimacy.
Most notably, they were awarded:
- 🏆 “Fastest Growing Prop Firm” at the Forex Expo Dubai 2022
- 🏅 Appearances and sponsorships at major global trading events, including Traders Fair and other expos across the UAE, Asia, and Africa.
These aren’t just participation trophies — winning an award at events where hundreds of professionals and regulators gather is a solid indicator that FundedNext is playing the long game. It shows that they’re being noticed — not just by traders, but by the wider trading community.
This visibility also makes it harder for them to operate in the shadows, which is a good sign for anyone worried about scams or fly-by-night operations.
What Traders Are Saying About FundedNext on Trustpilot
To really test a prop firm’s reputation, look no further than Trustpilot — and FundedNext holds up well. As of mid-2025, they boast a strong average rating of 4.6 stars out of 5 from over 8,000 reviews.
For instance, CHAVEN NISPEROS, who just passed a $10K challenge account, shared how FundedNext’s clear rules and structure helped them manage the emotional side of trading — a big deal for beginners. They expressed genuine excitement about receiving their funded account and credited FundedNext’s platform for playing a role in that success.
Another reviewer, MAXWELL M. SEABI, called FundedNext the “best prop firm ever” and specifically praised the fast KYC and onboarding process, even over a weekend — something many traders value in time-sensitive setups. He reported zero issues during both challenge phases and gave a confident five-star endorsement.
Even in less-than-perfect scenarios, FundedNext still gets credit for being fair. One trader, Jay Campbell, reported a false breach due to a daily loss violation. But instead of getting ignored, he contacted support and had his account reinstated within 24 hours after the team admitted their error. That kind of transparency and accountability is rare — and crucial when your income is on the line.
Overall, Trustpilot feedback shows once again that FundedNext is not only legit but actively focused on customer satisfaction.
What Real Traders Are Saying About FundedNext on Reddit
Reddit traders aren’t shy about calling out bad prop firms — so the fact that FundedNext gets consistent praise across threads says a lot. Many users report solid experiences with payouts, competitive trading conditions, and steady platform improvements.
One trader, @ghostybangs, shared that they’ve been funded with both FTMO and FundedNext for months, managing live accounts with each. While FTMO remains strong, they noted that FundedNext stands out with its 15% profit share even during the challenge phase — something few, if any, other firms offer. They also called the spreads and $3/lot commission “pretty competitive,” and appreciated the flexibility on payouts.
Another user, @whoregurlbop, highlighted FundedNext’s website overhaul and the launch of its Instant model, which offers immediate funding without the traditional challenge — albeit with a higher fee. For traders who want to skip the testing phase, this model definitely fills a market gap. They also noted that while EA and trade copier restrictions may feel limiting for some, these are common across most prop firms for risk control. They rightly mentioned that U.S. residents can’t access most FundedNext models, though they still can use the Futures product, which complies with U.S. regulations.
A third user, @Ok_Half5788, pointed out potential upcoming restrictions on trade copier use post-challenge, which could be inconvenient for traders running multiple accounts or automation tools. While that’s valid feedback, these types of rule updates are usually part of broader compliance strategies and aren’t uncommon in the industry.
Overall, Reddit’s verdict aligns with Trustpilot: FundedNext is not perfect, but it’s far from a scam. The platform is legit — and if you stick to the rules, the community agrees you’ll get paid.
Customer Support and Community Engagement
When you’re trading with someone else’s capital, quick and reliable customer support matters — a lot. FundedNext seems to understand this. Their support team is available via live chat, email, and Discord, and response times are generally fast, even on weekends.
Many users on Trustpilot and Reddit have shared positive experiences, often mentioning that support resolved issues like false breaches or login problems in under 24 hours. Their AI-powered live chat assistant can handle basic queries instantly, while human agents take over for more complex cases.
Beyond one-on-one support, FundedNext also invests in community building. They run an active Discord server where traders connect, share setups, ask questions, and even interact with FundedNext team members. You’ll also find them participating in trading expos, hosting webinars, and maintaining a presence across platforms like YouTube, Instagram, and Telegram — which builds trust and keeps users in the loop.
For beginner traders especially, this kind of accessibility and engagement can make a big difference.
FundedNext vs FTMO vs Funding Pips vs The5ers
So how does FundedNext stack up against the big names in the prop firm space — like FTMO, The5ers, or Funding Pips?
Here’s a quick breakdown based on the key areas traders care about:
|
 |
 |
|
|
Founded |
2022 |
2015 |
2022 |
2016 |
Profit Split |
Up to 90% |
Up to 90% |
Up to 85% |
50–75% |
Instant Funding Option |
✅ (Stellar/Instant) |
❌ |
✅ |
✅ |
Biweekly Payouts |
✅ |
❌ (Monthly only) |
✅ |
❌ |
Trading Platforms |
MT4, MT5, cTrader |
MT4, MT5 |
MT4, MT5 |
MT5 |
Scaling Plan |
Up to $4M |
Up to $400K |
Up to $2M |
Yes, varies |
US Trader Access |
❌ (Forex only) |
✅ |
✅ |
✅ |
Refundable Fee |
✅ (Evaluation only) |
✅ |
✅ |
✅ |
FundedNext holds its own against the giants, especially in terms of profit splits, flexibility, and faster payouts. While FTMO has a longer track record, FundedNext’s newer features and multiple funding paths give traders — especially beginners — more options.
Pros and Cons
✅ Pros
- Multiple funding models to fit different trading styles
- Generous profit split (up to 90%)
- Fast KYC and biweekly payout options
- Transparent rules and active support team
- Real-time trading conditions via partnered brokers
- Active community on Discord and social media
- Unique features like 15% profit share during the challenge
⚠️ Cons
- US traders are restricted from most models (except Futures)
- Some rules (e.g. trade copier/EAs) can be strict
- Instant funding comes at a higher upfront cost
- Occasional tech glitches (though usually resolved quickly)
Final Verdict – Is FundedNext Legit or a Scam?
After a full breakdown of their operations, user reviews, payout practices, and overall transparency, we can confidently say: FundedNext is legit.
They’re not a regulated broker — and they don’t need to be — but they meet the key requirements of a trustworthy prop firm: clear business structure, consistent payouts, fair rules, and a real support team that actually responds. Thousands of users have received payouts, many have grown with the platform, and their continued investment in new models and trader tools shows they’re here to stay.
Just remember: this isn’t a get-rich-quick scheme. Success still depends on your skill, discipline, and ability to follow the rules. But if you’re a beginner looking for a credible way to trade with real capital — FundedNext is absolutely worth considering.
FAQs
- Is FundedNext legit or a scam?
FundedNext is legit. It’s a registered business with thousands of successful payouts, real user reviews, and active customer support. It’s not a scam.
- Is FundedNext regulated?
No. Like most prop firms, FundedNext is not regulated because it doesn’t operate as a brokerage. It funds traders with simulated capital and doesn’t handle client deposits.
- Which broker does FundedNext use?
FundedNext partners with Eightcap, ThinkMarkets, and Purple Trading SC depending on your chosen model and platform (MT4, MT5, or cTrader).
- Who is the owner of FundedNext?
FundedNext is owned by Next Ventures FZCO, and its co-founder and CEO is Abdullah Jayed. The team is publicly visible and regularly engages with the trading community.
- FundedNext is based in which country?
FundedNext is headquartered in Dubai, UAE, with operational teams in Bangladesh and other locations worldwide.
- Is FundedNext beginner-friendly?
Yes — especially the Express and Stellar models, which don’t require hitting a fixed profit target like traditional challenges.
- How do I get paid?
Via bank transfer, Wise, Payoneer, or crypto — typically biweekly or monthly.
- Is the evaluation fee refundable?
Yes, if you pass the Evaluation model and get funded. Instant models are non-refundable.
- Can US traders use FundedNext?
Most Forex models are off-limits to U.S. residents due to legal restrictions, but U.S. traders can use their Futures model.
- What happens if I break a rule?
You may lose your challenge or funded account. Always read and follow the rules specific to your chosen model.