In this article, we will provide a general and one-step comparison between FundedNext and The Funded Trader. We will examine these two proprietary trading firms, offering an overview of what they provide to forex traders around the world.
Company Details
FundedNext
The Funded Trader
Incorporation date
March 2022
May 2021
Office Location
UAE, USA, UK, Bangladesh
Liberty Hill, Texas
Maximum Allocation Capital
$300,000
$1,500,000
FundedNext and The Funded Trader are both reputable and dependable proprietary trading firms. FundedNext was established in March 2022, whereas The Funded Trader commenced its operations in May 2021. In terms of leadership, Abdullah Jayed serves as the CEO of FundedNext, while Angelo Ciaramello leads The Funded Trader. FundedNext has offices in multiple locations, including the UAE, USA, UK, and Bangladesh, while The Funded Trader is headquartered in Liberty Hill, Texas. Regarding maximum allocation capital, FundedNext enables traders to manage one-step evaluation accounts with a limit of 300k, whereas The Funded Trader offers traders the opportunity to manage one-step evaluation accounts with a maximum allocation of up to $600,000. It’s important to note that both proprietary trading firms have a scaling plan in place.
Funding Program Options
FundedNext
The Funded Trader
One-step Evaluation
✅
✅
Two-step Evaluation
✅
✅
FundedNext and The Funded Trader provide funding programs to forex traders globally. FundedNext offers traders two one-step evaluations and two two-step evaluations, while The Funded Trader offers a one-step evaluation and three two-step evaluations. Now, let’s delve into a detailed comparison of their one-step evaluation programs.
One-step Comparison:
Now that we have discussed the rules and guidelines of the instant funding programs, let’s delve deeper into the pricing details.
Trading Instruments
Another crucial aspect to consider when comparing proprietary trading firms is the range of trading instruments available. Below, you can find the trading instruments offered by FundedNext and The Funded Trader.
Trading Instrument
FundedNext Funding
The Funded Trader
Forex pairs
✅
✅
Commodities
✅
✅
Indices
✅
✅
Crypto
❌
✅
Community Feedback
The final aspect we will examine is community feedback from FundedNext and The Funded Trader. We will analyze feedback from Trustpilot, giving insights into the experiences of traders with both proprietary trading firms.
Trustpilot Statistics
FundedNext Funding
The Funded Trader
Rating
4.7/5
4,5/5
Number of Reviews
7,127
13,361
In terms of customer feedback, FundedNext holds a rating of 4.7/5 from a total of 7,127 reviews, while The Funded Trader has a rating of 4.5/5 based on 13,361 reviews. These statistics indicate that, currently, The Funded Trader is the more popular choice among proprietary trading firms.
Conclusion
In summary, FundedNext and The Funded Trader both present compelling options for proprietary trading firms, catering to various trading preferences. There are notable distinctions in their trading rules, pricing structures, and community feedback. Furthermore, they differ in their funding program offerings, with FundedNext providing two one-step evaluations and two two-step evaluations, while The Funded Trader offers one one-step evaluation and three two-step evaluations. As a bonus, here are the discount codes for both firms:
- FundedNext 10% discount code: SHINY10
- The Funded Trader 10% discount code: PW
