In this article, we will conduct a comprehensive two-step comparison between FundedNext and The Funded Trader. Our aim is to provide a thorough evaluation of these two proprietary trading firms, offering insights into their offerings and helping forex traders worldwide make informed decisions.
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, while The Funded Trader commenced its operations in May 2021. Abdullah Jayed serves as the CEO of FundedNext, whereas The Funded Trader is under the leadership of Angelo Ciaramello. FundedNext maintains offices in the UAE, USA, UK, and Bangladesh, while The Funded Trader has its headquarters in Liberty Hill, Texas. In terms of maximum allocation capital, FundedNext allows traders to manage $300,000 in two-step evaluation accounts, whereas The Funded Trader offers funding of up to $600,000. Additionally, both companies provide scaling plans as part of their offerings.
Funding Program Options
FundedNext
The Funded Trader
One-step Evaluation
✅
✅
Two-step Evaluation
✅
✅
FundedNext and The Funded Trader are both renowned proprietary trading firms that provide diverse funding programs to forex traders globally. FundedNext offers a range of options, including two one-step evaluations and two two-step evaluations. In contrast, The Funded Trader offers a one-step evaluation and an even more comprehensive choice with three two-step evaluations. With this in mind, let’s delve into a detailed comparison of the two-step evaluation programs.
Two-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
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
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
