This time, Forex Prop Reviews has a comparison video for traders that features two of the best prop trading companies in the market: The Funded Trader and FundedNext.
Comparison between The Funded Trader & FundedNext
Here are the general company details of both prop firms:
| Company Details | The Funded Trader | FundedNext |
| Incorporation date | May 2021 | March 2022 |
| CEO | Angelo Ciaramello | Abdullah Jayed |
| Office location | Liberty Hill, Texas | UAE, USA, UK, and Bangladesh |
| Maximum allocation capital | $ 1,500,000 | $ 4,000,000 |
For people looking for long-term partnerships where traders can obtain that kind of capital and some long-term value, both prop trading firms have scaling potential.
The Funded Trader & FundedNext Funding Programs
They do have various structures when it comes to funding programs. Here is the comparison between them:
| Funding program | The Funded Trader | FundedNext |
| One-step evaluation | – | Express model |
| Two-step evaluation | Standard challenge | Evaluation model |
| Rapid challenge | ||
| Royal challenge |
The two-step evaluation program is the only thing the two prop trading firms have in common, so that’s the one we’ll be comparing and contrasting.
Trading Objectives
Trading Objectives of The Funded Trader and FundedNext
| Trading objectives | The Funded Trader Standard | The Funded Trader Rapid | The Funded Trader Royal | FundedNext |
| Phase 1 profit target | 10% | 8% | 8% | 10% |
| Phase 2 profit target | 5% | 5% | 5% | 5% |
| Maximum daily loss | 6% | 5% | 5% | 5% |
| Maximum loss | 12% | 8% | 10% | 10% |
| Minimum trading days | Five calendar days | No minimum trading days | Five calendar days | Five calendar days |
| Maximum trading days | 35 calendar days (phase1), 60 calendar days (phase 2) | 35 calendar days (phase1), 60 calendar days (phase 2) | 35 calendar days (phase1), 60 calendar days (phase 2) | 35 calendar days (phase1), 60 calendar days (phase 2) |
| Profit split | 80% up to 90% | 80% up to 90% | 80% up to 90% | 80% up to 90% |
Let’s look at the two-step evaluation program costs for these.
| Account size | The Funded Trader Standard | The Funded Trader Rapid | The Funded Trader Royal | FundedNext |
| $15,000 | – | – | – | $99 |
| $25,000 | – | – | – | $199 |
| $50,000 | $315 | $299 | $289 | $299 |
| $100,000 | $549 | $499 | $489 | $549 |
| $200,000 | $949 | $899 | $939 | $999 |
| $300,000 | – | – | $1,399 | – |
| $400,000 | $1,898 | – | – | – |
Trading Platform
Let’s look at the trading platforms of both prop firms
| Trading platforms | The Funded Trader | FundedNext |
| Broker | Eightcap, Purple Trading Seychelles | Eightcap |
| Trading platform | MetaTrader 4, MetaTrader 5 (only with Eightcap) | MetaTrader 4 |
The Funded Trader and the FundedNext use different trading instruments.
| Trading instruments | The Funded Trader | FundedNext |
| Forex pairs | Yes | Yes |
| Commodities | Yes | Yes |
| Indices | Yes | Yes |
| Cryptocurrencies | Yes | Ð |
Commissions
Let’s talk about the commissions a trader would pay when dealing with each prop firm.
| Trading instruments | The Funded Trader | FundedNext |
| Forex pairs | 7 USD / LOT | 3 USD / LOT |
| Commodities | 0 USD / LOT | 0 USD / LOT |
| Indices | 0 USD / LOT | 0 USD / LOT |
| Cryptocurrencies | 0 USD / LOT | Ð |
Trustpilot Statistics
The last thing to discuss is the feedback from their community, which is another crucial factor to consider when selecting a prop trading company. This is because it gives traders a lot of information about the pros and cons of a prop firm. Due to this, Forex Prop Reviews will evaluate them using Trustpilot statistics.
| Trustpilot statistics | The Funded Trader | FundedNext |
| Rating | 4.9 | 4.4 |
| Number of reviews | 2,353 | 336 |
Because The Funder Trader has been operating in the market for nearly a year longer than FundedNext, there is a difference in the number of reviews, which is partly explained by this. Even though they can undoubtedly be regarded as two of the leading prop firms in their respective industries, that doesn’t necessarily explain why they have more reviews.
Nonetheless, both businesses stand up with some excellent reviews, so check them out:
For FundedNext 5% discount, use code ”FOREXPROPREVIEWS.”
For The Funded Trader 10% discount, use code ”FOREXPROPREVIEWS.’’
