Stellar Challenge 2-step

The Stellar Challenge involves two phases to qualify for a proprietary trading funded account. Investors can choose six account sizes. The maximum total funds available is $300,000.

Phase one requires an 8% profit with, daily drawdown up to 5%, overall drawdown up to 8%. There are also no limits regarding the maximum number of trading days and 5 minimum trading days.

Phase two involves a 5% profit with similar drawdown conditions. The funded account phase has no specific profit targets, daily drawdown up to 5%, overall drawdown up to 8%, and 5 minimum trading days.

Advancement grants a 100% refundable fee (150% with Add-On), with additionally 15% from challenge phases. The first withdrawal possible after 28 days. Subsequent withdrawals can be made every two weeks, and the profit split is 80/20 (scalable to 90/10). Traders have the option to select a 95% lifetime payout add-on for an additional fee of 20%.

Stellar 1-Step

The Stellar Challenge  involves one phase to qualify for a proprietary trading funded account. Investors can choose six account sizes. The maximum total funds available is $300,000.

Phase one requires an 10% profit with, daily drawdown up to 3%, overall drawdown up to 6%. There are also no limits regarding the maximum number of trading days and 2 minimum trading days.

Advancement grants a 100% refundable fee (150% with Add-On), with additionally 15% from challenge phases. The first withdrawal possible after 5 days. Subsequent withdrawals also can be made every 5 days, and the profit split is 90/20. Traders have the option to select a 95% lifetime payout add-on for an additional fee of 20%.

Stellar Lite Challenge

The Stellar Lite Challenge involves two phases to qualify for a proprietary trading funded account. Investors can choose four account sizes. The maximum total funds available is $50,000.

Phase one requires an 8% profit with, daily drawdown up to 4%, overall drawdown up to 8%. There are also no limits regarding the maximum number of trading days and 5 minimum trading days.

Phase two involves a 4% profit with similar drawdown conditions. The funded account phase has no specific profit targets, daily drawdown up to 4%, overall drawdown up to 8%, and 5 minimum trading days.

Advancement grants a 100% refundable fee after the 3rd payout. The first withdrawal possible after 28 days. Subsequent withdrawals can be made every two weeks, and the profit split is 80/20 (scalable to 90/10). Traders have the option to select a 95% lifetime payout add-on for an additional fee of 20%.

Express Consistency

The Stellar Challenge  involves one phase to qualify for a proprietary trading funded account. Investors can choose six account sizes. The maximum total funds available is $300,000.

Phase one requires an 25% profit with, daily drawdown up to 5%, overall drawdown up to 10%. There are also no limits regarding the maximum number of trading days and 10 minimum trading days.

Advancement grants a 100% refundable fee (150% with Add-On), with additionally 15% from challenge phases. The first withdrawal possible after 28 days. Subsequent payouts can be made every month. The first Profit Split on Express accounts is 60/40. The second profit split, the profit share is 75/25. During the third and subsequent profit splits, the investor receives 90%. Traders have the option to select a 95% lifetime payout add-on for an additional fee of 30%.

Express Non-Consistency

The Stellar Challenge  involves one phase to qualify for a proprietary trading funded account. Investors can choose five account sizes. The maximum total funds available is $300,000.

Phase one requires an 25% profit with, daily drawdown up to 5%, overall drawdown up to 10%. There are also no limits regarding the maximum number of trading days and 10 minimum trading days.

Advancement grants a 100% refundable fee (150% with Add-On), with additionally 15% from challenge phases. The first withdrawal possible after 28 days. Subsequent payouts can be made every month. The first Profit Split on Express accounts is 60/40. The second profit split, the profit share is 75/25. During the third and subsequent profit splits, the investor receives 90%. Traders have the option to select a 95% lifetime payout add-on for an additional fee of 30%.

Evaluation

The Evaluation  involves two phases to qualify for a proprietary trading funded account. Investors can choose six account sizes. The maximum total funds available is $300,000.

Phase one requires an 10% profit with, daily drawdown up to 5%, overall drawdown up to 10%. There are also limits regarding the maximum number of 28 days  and 5 minimum trading days.

Phase two involves a 5% profit with similar drawdown conditions. The funded account phase has no specific profit targets, daily drawdown up to 5%, overall drawdown up to 10%. There are also limits regarding the maximum number of 56 days and 5 minimum trading days.

Advancement grants a 100% refundable fee (150% with Add-On), with additionally 15% from challenge phases. The first withdrawal possible after 14 days. Subsequent withdrawals can be made every two weeks, and the profit split is 80/20 (scalable to 90/10). Traders have the option to select a 95% lifetime payout add-on for an additional fee of 20%.

FundedNext introduces a Scale-Up plan tailored for traders who consistently demonstrate their trading prowess and adhere to established trading guidelines. The Scale-Up plan offers traders the opportunity to amplify their trading endeavors, with the potential to access a capital allocation of up to 4 million. The eligibility criteria for participation in the Evaluation, Express, or Stellar Models remain consistent, simplifying the application process.

Review Process & Eligibility Criteria:

Comparison of Direct Challenge Costs

We compare the direct costs of participating in the challenge offered by FundedNext – Stellar Challenge Swap Account with the average market costs. This analysis enables understanding of how FundedNext fares against its competitors in terms of pricing. The costs for the challenge at FundedNext for the Stellar Challenge Swap Account are below the market average.

*The price includes a discount available on the website.

Comparison of Costs Relative to Drawdown

It is important to note that the size of drawdown has a significant impact on what we actually receive for the money spent. The Stellar Challenge Swap Account has a drawdown at the level of 10%. Therefore, we additionally compare how much drawdown we receive in relation to the dollar spent.

Evaluation of the Cost-Effectiveness of the Stellar Challenge Swap Account

Based on the above data, as well as algorithms we have developed, we assess the cost-effectiveness of purchasing the Stellar Challenge Swap Account as good compared to the market average.

Forex

Metals and Oil

Indices

Cryptocurrencies

FundedNext’s website has some strong points, but it also faces several issues that need attention. The site does a decent job in showcasing its proprietary trading services and trading challenges. 

Server Provider

FundedNext uses its unique broker and manages its own MT4/MT5 and cTrader servers. Users can access these servers under names such as ‘FundedNext – Server’ or ‘FundedNext – Demo’. Additionally, FundedNext is partnered with multiple top-tier liquidity providers like GrowthNext to offer a trading environment that closely simulates real market conditions. Unfortunately FundedNext does not disclose comprehensive details about its liquidity providers but assures collaboration only with well-regarded entities. MT4 users can choose between FundedNext servers, while MT5 users can choose between FundedNext and GrowthNext servers.

Deposits

FundedNext accepts all major credit, bank, and cryptocurrency cards. Paypal payment is also possible. Once you make a payment, you will immediately gain access to your account. Besides card payment FundedNext accepts transfers via bank, with no commission fee, Perfect Money for 1% commission fee and Cryptocurrencies for 3% commission fee. FundedNext cryptocurrencies such as:

The fee is refundable upon the first withdrawal; otherwise, fees are non-refundable once trading commences on the FundedNext.

Withdrawals

FundedNext provides customer support through email, live chat and messenger. Below is a list of available channels:

• Physical Office Address – Office no. 7, AI Robotics HUB, C1 Building, AFZ, Ajman, UAE.
• Email ID – support@fundednext.com
• Live Chat – Directly available from the site.
• Help Center – https://help.fundednext.com/en/
• FundedNext Support Timings – 24/7 via email and live chat.

Email Support

FundedNext actively maintains a social media presence on platforms such as Facebook, Instagram, X, Discord and Youtube as well as on Telegram and TikTok.

Facebook – The Facebook group serves as a space for official announcements and a community hub where traders can share their accomplishments and trading results. 

Instagram – FundedNext’s Instagram page is a vibrant and dynamic platform, showcasing a wide array of content including client payouts, interview announcements, and competition updates.

X –  On X, FundedNext is actively engaged in promoting campaigns, sharing updates, news, and interactive posts. 

Discord – The Discord server is a rich source of information, offering event announcements, community chats, trading discussions, and various promotions. 

Youtube – FundedNext’s YouTube channel adopts a podcast-like approach, featuring interviews, informative videos in various languages, and updates about the company’s activities, including giveaways and tournaments.

Telegram – Mainly shares news, promotional content, and announcements, with the occasional inclusion of motivational quotes.

TikTok – TikTok page includes promotional materials, announcements and educational content.

Engagement rate in social media:

With an overall rating of 4.6 out of 5, FundedNext demonstrates a predominantly positive reception among its user base, reflecting well on various aspects of its operations. This high rating suggests that the positive experiences significantly outweigh the negative ones for the majority of users. 

Customers both praise and criticize customer service. As an advantage, customers often commend the quick and helpful response from the support team, as well as an active and supportive community on Discord. However, as a disadvantage, there are complaints about the lack of responses to emails, the lack of assistance in solving problems, and the unavailability of support in the case of company errors.

Positive Aspects:

Competition

The FundedNext Trading Competition is a monthly event designed to provide traders from all backgrounds with an opportunity to participate in a competitive and open challenge. This competition enables participants to showcase their trading skills and offers exclusive prizes as rewards. It’s important to note that participation in the FundedNext Trading Competition is entirely free of charge, without any associated fees or expenses.

The competition commences on the 1st day of each month and concludes on the last day of the same month, allowing traders to engage in a month-long test of their trading prowess. To ensure fair and transparent competition, the event enforces a set of rules that all participants must adhere to. These rules include:

• Single Account Registration: Each participant can register only one account, using a unique email address and IP address. Attempting to register multiple accounts results in disqualification.
• Daily Drawdown Limit: Traders should not exceed a daily loss limit of 5% of their initial account balance. The calculation for this limit is as follows: Daily loss limit = (Last day’s Balance – Today’s Balance) / Equity.
• Maximum Allowable Drawdown: The competition establishes a maximum allowable drawdown of 10% of the initial balance, and participants are required to stay within this limit.
• Prohibited Use of EAs: Expert Advisors (EAs) are not permitted in the competition. Participants must engage in manual trading only.
• Minimum Trading Days: To be eligible for winning prizes, participants must actively trade for a minimum of 5 days during the competition period.
• Leverage: The competition follows standard leverage levels of 1:100 for all FX pairs, 1:30 for commodities and indices and 1:2 for cryptocurrencies.
• Position and Lot Size Limits: Traders are encouraged to open multiple positions, but they are limited to executing a maximum of 5 positions at any given time. Lot size limits are set at 5 lots for FX instruments and 3 lots for indices and commodities.
• Trade Closure: There are no restrictions on closing trades, and traders can opt to hold positions overnight or over the weekend.

It’s important to note that the competition runs continuously throughout the entire month without scheduled resets. Daily calculations, including the daily drawdown, are reset at 00:00 GMT+3, but this doesn’t affect participants’ overall trading progress or account balance.

The FundedNext Trading Competition offers rewards to participants based on their performance. The top 100 traders, as well as those ranked from 101st to 600th, have the chance to win various rewards.

Account Overview