Evaluation Model

Traders' Earning
With the FundedNext Evaluation program, you can also receive the profit shares of your evaluation
phases! And that's not all. You will also receive your subscription fee refunded once you have proven
yourself.
For example, suppose you started your trading account with a balance of $100000, and in phase 1,
you made a $10000 profit. Then in phase 2, you made another $5000 profit. Once you hit those
targets, you will receive the real account, and during the first payout of your real account, you will get
a full refund of your subscription fee.
But that is not all. Once you gain 5% profit in the real account, you will also receive 15% profits on
your phase 1 and 2 targets, which would be $2250.
And once you receive a real account, your profit share will be increased from the first withdrawal to
80%, and you'll be eligible for a 90% profit share from your first scale-up.
You'll be certified as a FundedNext Crown Trader from now on. We win when you win.

Payout
You can request a profit withdrawal from the client dashboard at the end of your trading cycle. You
will receive your first profit after 4 trading weeks, and from the second payout onwards, you are
eligible for a withdrawal every 2 trading weeks. The cycle will start once you place the first trade in
your real account and will be applicable for each consecutive cycle. The earnings from your accounts
will be sent to you on a request basis using one of our payout methods. Payout methods include
Perfect Money, USDT/Tether, BTC, and Deel (Bank Transfer, Coinbase, PayPal, Payoneer, Revolut,
Wise, and Deel Card). We're committed to disbursing your payment within 1–3 working days. It is
suggested that you contact your account manager in case you do not receive a payout at this time.

Profit Sharing
Unlike most other prop firms, you are eligible to gain profits from the very beginning.
Once you receive the real account and request for the first profit withdrawal, you will receive your
subscription fee back!
Once you gain 5% profit in the real account, you will also receive 15% profits of your phase 1 and 2
targets.
And when you complete phases 1 and 2, you receive your real account, and your profit share
immediately bumps up to 80%. This profit share will increase to 90% when you are eligible for your
first scale-up! Note that you will be eligible for profit share only if you do not violate any rules before
assessment or real account payout.
If your funded account has been suspended in profit, you will be eligible for 50% of the profits you
made if your trades comply with the following 2 criteria:
All of your trades in your real account must have SL.
You must not lose more than 1% of your account size on any individual trade.
You must meet both of the criteria mentioned above. Then you will have 7 days after the violation to
request the 50% profit disbursement from the suspended real account.

Account Reset
FundedNext monitors your accounts and trading style on a time-to-time basis. If you breach any set
rules, your trading account will be deactivated, and you will not be able to trade in that account.
However, your journey doesn't end there. In cases like this, you will have the opportunity to start
fresh with a new account at a discounted price. The prices are given below:
Evaluation $15,000 Fund = $89
Evaluation $25,000 Fund = $179
Evaluation $50,000 Fund = $269
Evaluation $100,000 Fund = $494
Evaluation $200,000 Fund = $899
You will be glad to know that FundedNext does not charge any money as a penalty for violating the
account.
Note that you can reset your account as many times as you want. But account reset is only applicable
for Phase 1 accounts.

Trading days & Trading hours

In the evaluation program, you only need to take a minimum of five individual and separate trades
each month. For example, if the month starts on January 1st and ends on January 31st, you must
enter a new trade on at least five of those days. But you can relax. Your trading days do not need to
be consecutive and to make things even easier, there is no maximum number of trades you need to
take each month so that you can trade freely.
At FundedNext, we believe in traders' freedom. You're allowed to trade 24/5 as per your suitable
time. Also, you can hold your trade overnight and over the weekend as you see fit.
Note that for a free retake in evaluation phase 1, if you do not trade for a minimum of 5 days, you will
not be eligible for a free retake.

Consistency
There is no consistency rule for the Evaluation model.

Maximum Daily Loss

Our daily loss limit specifies that you are permitted to lose 5% of your initial account balance on any
given day.
So here is how the calculation works:
Daily loss limit = Your Last day's Balance - Today's Balance/Equity
This implies that this number should not exceed 5% of your initial account balance on that specific
day.
For example, if you have a $100,000 account, the maximum daily loss limit is $5,000, and you are not
allowed to lose more than $5,000 on any given day. Suppose you have lost a total of $3000 in your
closed trades. In such a case, you cannot lose more than $2000, including floating losses. Note that
swap and commission rates are included in this calculation. It will be considered a violation if you lose
more than $2000.
Similarly, let's say you gained $5,000 in profit in a single day. In such a case, you will be allowed to
lose $5,000 (your profit) + $5,000 (your daily loss limit) = $10,000. Loosing more than $10,000 (in both
open and closed positions) will be considered a violation.
Let's look at another case. Assume, like in the previous scenario, that you lost $3000 in a single day.
Then you take a trade that is now running at a floating loss of -$2500, but when you close it, it
becomes positive $500. If this occurs, according to our calculations, you will have exceeded your daily
loss limit the instant your loss exceeds $5000.
Another thing to keep in mind is that your daily loss limit will be reset at midnight according to the
server time 00:00 (GMT +3). For example, suppose you have gained a $2000 profit in a closed trade,
and you have a trade currently running at a $-6,000 floating loss. In this case, you still have not
violated your daily drawdown for the day because your current daily loss is +$2000 - $6000 = -$4000.
However, if you hold this one trade with a floating loss of -$6,000 after midnight, you will breach the
daily loss limit because a new day begins after midnight, and you have already lost $6000, which is
more than your daily loss limit of $5000.

Maximum Overall Loss

You are allowed to have an overall maximum loss limit of 10% of your initial account balance. Thus,
your account balance or equity can't go below 90% of the initial balance at any time during your
whole trading journey. It implies that your account balance or equity should always be over 90% of
the initial balance to avoid the rule violation.

Trading Instrument
We don't impose any limits on the instruments or position sizes you trade. You can trade all the
instruments and assets that are available on your trading platform (Forex Currency/RAW FEED,
Indices, Commodities). A list of the symbols is given below:
Currency Pair List:
AUDCAD.i, AUDCHF.i, AUDJPY.i, AUDNZD.i, AUDSGD.i, AUDUSD.i, CADCHF.i, CADJPY.i, CHFJPY.i,
EURAUD.i, EURCAD.i, EURCHF.i, EURDKK.i, EURGBP.i, EURHUF.i, EURHKD.i, EURJPY.i, EURNOK.i,
EURNZD.i, EURPLN.i, EURTRY.i, EURUSD.i, GBPAUD.i, GBPCAD.i, GBPCHF.i, GBPJPY.i, GBPNZD.i,
GBPUSD.i, NZDCAD.i, NZDCHF.i, NZDJPY.i, NZDUSD.i, SGDJPY.i, USDCAD.i, USDCHF.i, USDDKK.i,
USDHUF.i, USDJPY.i, USDMXN.i, USDNOK.i, USDPLN.i, USDSEK.i, USDSGD.i, USDTHB.i, USDTRY.i,
USDZAR.i
Indices and Commodities:
FRA40.i, EUSTX50.i, JPN225.i, NDX100.i, SPX500.i, UK100.i, US2000.i, VIX.i, AUS200.i, GER30.i, HK50.i,
US30.i, UKOUSD, USOUSD, XAUUSD, XAGUSD

Trading Style
We would like you to sharpen your trading style more than ever. We believe you will perform best
when you are in your comfort zone. So you're allowed to trade with any trading style that you like
most. We aim to get the best out of you once you trade freely. We all grow together. So choose your
trading plan wisely.

Scale up plan
The scaling plan is available to traders who will be consistent throughout the time and do not violate
any of the rules. The requirements to be eligible for the scaling plan are as follows:
We review the scale-up plan every 4 months in a real account. You must need to meet at least 10%
account growth accumulatively in four consecutive months in a real account. In these four
consecutive months, you need to make a minimum of two payouts, and your last month should end in
a profit.
Eligible traders will get a 40% account balance increase of up to 4 million.

Ea/Bot Usages
EA and Indicators are allowed. This includes trade copiers, tools for managing risk, and auto-trading
bots. You can also use third-party EA as well. All you need to do is verify the EA before using it on
your real account.
However, using any of the following strategies is strictly forbidden:
- Use of Emulators.
- Reverse Arbitrage Trading
- Hedge Arbitrage Trading.
- Latency Arbitrage Trading.
- Tick Scalping
- Copying trades from other traders.
If the use of any of these strategies is found in your account, it will be considered a violation of rules,
and the account will be terminated without any warning.
Copy trading is also allowed if you copy trades from one account to another. But copying trade from
someone else is not allowed. Similar trade from someone else will be considered a violation of rules.

News Trading
You can trade during the news without restrictions in the evaluation model's assessment phases
(phases 1 and 2). But once you receive the real account, as the market is exceptionally volatile during
news times and also because this is the most likely time when slippages can occur, you are not
allowed to open or close any trade 2 minutes before and after the news. This includes market
execution and opening/closing pending orders (including take profit and stop loss).
As for the source of the news, you can directly find it from your dashboard under "News Calendar".
Please note the following regarding news trading:
1. You can hold your running trades during a news.
2. We will consider only the high-impact news; you are free to trade during low- and mid-impact
news.
3. We would only consider the news that is directly correlated to your trading pairs; you are free to
take trades if the news has a high impact but is not directly correlated to your trading pair. For
example, let's say you want to take a trade in EURUSD, and there is high-impact news on CNY. In that
case, you can still open the EURUSD trade, as the CNY news is not directly correlated to your trading
pair. But in the same example, if the news was on USD or EUR then you are not allowed to open or
close a trade 2 minutes before and after the news.
If there is any news trading in your account, the following steps will be taken:
1. Evaluation Challenge accounts
No news trading restrictions.

2. Evaluation Funded/Live accounts:

If you are in profit, you will receive the profit share after deducting the amount made from news
trading, and your account will be terminated.
If you are at loss, your account will not be reset, and it will be terminated.