Thread by @traderkenneth_

The Prop Firm Industry keeps evolving with time and @FundedNext isn't an exception to such evolution.

Below in this th~read, I give a detailed breakdown on its features and what has made it stand out as one of the top prop firms in the industry: 🧵

#FundedNextChangingLives

Just incase you're unaware of what prop firms are:

Prop Firms are companies that offer traders an opportunity to use their skills to trade for them using capital that the company provides them.

This capital is gotten after you pass some evaluation processes set by the company.

There are so many prop firms out there and it can be difficult getting the one to choose but here are 8️⃣ things I'll advise you to look out for when picking a prop firm company to trade with:

1️⃣ Geographic Restrictions
2️⃣ Reputation and Track Record
3️⃣ Social Media Presence

4️⃣ Profit Sharing
5️⃣ KYC Requirements
6️⃣ Withdrawal process
7️⃣ Scaling Plan
8️⃣ Trading Rules and Regulations

So in this th~read, I'll be showing you all of @FundedNext's features using the 8️⃣ criterias above and you'll see why it's regarded as a top prop firm in the industry.

1️⃣ Geographic Restrictions

One of the first things you'll see on the @FundedNext page is that they offer their services to over 195 countries worldwide.

This is 100% of the world covered already, so there are no geographical restrictions.

2️⃣ Reputation and Track Record

As of June 2023, @FundedNext has paid out over $44M to 45,000 funded traders.

They've also been featured on so many reputable news agency companies.

This shows that they have the reputation and the track record for anyone to trust them enough.

3️⃣ Social Media Presence

As of the time of writing, @FundedNext's Social Media pages have the following metrics ⬇️

Twitter ➡ 57.4k followers
Facebook Community ➡ 48k members
Discord Community (very important) ➡ 63,962 members
Instagram ➡ 40.7k followers

4️⃣ Profit Sharing

@FundedNext offers an 80% profit split on payouts and this percentage can be increased to 90% based on your performance.

In addition to this, @FundedNext is the only prop firm to offer a 15% profit share from the profit you made during your evaluation phase.

5️⃣ KYC Requirements

In Nigeria, the NIN slip is the most used form of identification and of course @FundedNext accepts it for their KYC process when it's time to get your funded account.

However, if you have other forms of ID like a voter's card, it's best to use it instead.

6️⃣ Withdrawal process

Your are eligible for a payout after 28 days of getting your funded account and subsequently, you can receive payouts every 14 days.

The withdrawal process is as easy as clicking a button on your dashboard after you've made profits on your funded account.

There are a few withdrawal methods available but the best always remains withdrawing in cryptocurrencies with $USDT being the most preferable because of its stability.

7️⃣ Scaling Plan

As a @FundedNext funded trader, you have the opportunity to scale up your capital to as high as $4M once you're able to accomplish the following trading rules:

8️⃣ Trading Rules and Restrictions

This is the most important aspect and that's why I saved it for last.

Firstly, you need to know that @FundedNext has 3 account types:

Express, Evaluation and Stellar (Stellar 1-step and Stellar 2-step).

All the rules and restrictions I'll be sharing will be focused on the Stellar 2-step account due to the fact that its the most user-friendly account type.

It's also the account I'll advice anyone looking to purchase an acount to purchase.

So here are the rules:

1. There is a maximum daily drawdown of 5% of your initial account balance on any given day.

Meaning: If your account balance goes lower than 5% on any given day, you'll lose that account due to a breach of the rule.

2. There is a maximum overall drawdown of 10% of your initial account balance.

Meaning: If your account balance/equity goes below 90% of the initial balance at any time during your whole trading journey, you'll lose that account due to a breach of the rule.

3. You have to complete 5 minimum trading days on your evaluation account before you can get a funded account.

There are no minimum trading days on funded accounts though.

Breakdown of this rule:

4. @FundedNext allows copy trading from another FundedNext account, prop firm, or retail broker, provided that the accounts are owned by the same individual.

Meaning: You can copy trades from any account(s) that you own.

However, copy trading between multiple accounts not owned by the same individual, including those of relatives, family members, or friends, is strictly prohibited.

5. @FundedNext aims to ensure a secure trading environment for all of their traders.

Therefore, to avoid any complications related to IP addresses, it is highly recommended that you use a single device with a unique IP address during your trading activities on their platform.

6. With @FundedNext, you can use VPN and VPS services for platform access

It's adviced to use paid VPNs and select a specific IP within a country for consistent tracking

VPS users should opt for paid services with dedicated IP addresses and avoid sharing connections with others

7. You are allowed to utilize Expert Advisors (EAs) and Indicators to enhance their trading strategies at FundedNext.

It is important for each trader to ensure that their trading parameters are unique and suited to their individual trading style and account.

8. @FundedNext strictly prohibits any form of cheating or exploitation of the platform, as it goes against their Terms of Service agreed upon during registration

You are urged to thoroughly read their TOS and understand the following guidelines to prevent unintended consequences

So those are the rules and restrictions you need to follow.

Now, let's look at a few extra things you need to know too.

@FundedNext's partnering Broker is EightCap, an award winning ASIC-regulated broker.

The partnership with this broker has made it possible for spreads and commissions on all account types to be minimal.

Also, maximum leverage is 1:100

@FundedNext Finally, let's look at what makes the @FundedNext platform unique and special for every trader using it.

Specialties like a trading journal, an MT5 web window, an account manager (my favourite), a position calculator, helpful PDFs and an economic calender from forex factory are… https://t.co/DAC3ndY5eEtwitter.com/i/web/status/1…

@FundedNext So after reading all these, you may be wondering how you can get an account for yourself.

Well, I'm here to give you what your seek.

Firstly, watch this sign up tutorial video made by @Techriztm ⬇️

t.me/TheTCACommunit…

@FundedNext @Techriztm Next step is to use his referral link below to access the @FundedNext platform in order to sign up and purchase an account for yourself



P.S: In the sign up video, you'll get to know how you can get a 40% discount on all accounts from now till the 31st of… https://t.co/3ENGvocmL1fundednext.com/?fpr=christoph…
twitter.com/i/web/status/1…