FundedNext: rules, terms and fine print

Where the money is real, and where it is not

• The challenge account is simulated. The firm describes the challenge account as simulated, not as trading with the firm's capital.
• Your fee is real money, and it is spent. The evaluation fee (plus any reset, renewal or activation fee) leaves your bank account. If you fail, it is normally not refunded.
• A payout is real money, but it is a promise. Profits earned on the simulated account are paid from the firm's own funds, and every firm reserves discretion over payouts and account closure in its terms.
• Nobody independent verifies payouts. For most firms we found no certified third-party record of what was actually paid. Only the firm's own pages and trackers of unknown method.

What you are buying

Challenge Terms s.1.6: 'All trading activity within the CFDs Challenge occurs exclusively within a simulated environment. No orders are executed in the live market.' s.1.7: simulated profits 'have no monetary value' unless converted into a discretionary Performance Reward.

Entity: GrowthNext F.Z.E. (Ajman Free Zone, UAE, Business Reg. No. 28831) is the contracting 'Provider'; FundedNext Ltd (Comoros, HY01023052) runs simulated trading infrastructure; FundedNext Limited (Hong Kong) runs the website; payments may run via Incenteco Trading LTD (Cyprus, HE 307114) source

Regulation: Terms s.4.2(a): provider 'is not a broker, financial institution, investment firm... or regulated financial services provider'; services are not regulated activity. No licence named. ToS s.27: governed by laws of the Emirate of Ajman and UAE federal law; disputes to DIAC arbitration (seat Dubai, one arbitrator, English); class-action waiver s.18.9.

Targets and limits as published

Percentages are of the starting balance. "n/v" = not verified. List prices are in the next section.

List prices read on 9 Oct 2026

List prices before promotions, read from the firm's own pages. Promotions change them often. Refund and reset rules differ by firm: see the fine print below.

How rewards are paid

• First payout: Stellar 2-Step and Lite: 21 days after starting trading (Standard option); Stellar 1-Step: every 5 business days from first cycle; Instant: on-demand at 5% growth or 14 days with >=1% growth (official help centre)
• Minimum: 20 (USDT/USDC and card); RiseWorks 50; bank transfer 1,000. Below $20 the amount carries to the next cycle. Caps: USDT/USDC $1,999 per request (non-OFAC), card $3,000, bank $50,000; RiseWorks no cap
• Frequency: Standard: every 14 days after first (2-Step, Lite); every 5 business days (1-Step); optional 3-day cycle at 60% or on-demand at 90% (2-Step, Lite); Instant on-demand/bi-weekly
• Independent proof: No certified aggregator. News (Finance Magnates, 2026-09-01): firm self-reports >$350M cumulative payouts, not independently audited; on-chain tracker Capital Critic attributes $225.9M (covers only some payment routes); firm says a Deloitte review of payout data is underway, scope undisclosed. PropFirmMatch lists 128,175 tracked payout records totalling $110.9M (last-365-days view), method of verification not stated.

Firm self-reports Trustpilot 4.5 from 79k+ reviews and $350M+ rewards (sample/audit method not stated). Finance Magnates (2026-09-01) describes totals as self-reported and unaudited; Capital Critic on-chain tracker attributes $225.9M. PropFirmMatch shows 128,175 tracked payout records ($110.9M, 365-day view) without a stated verification method. Searches (lawsuit / regulator / CFTC / CONSOB / warning / shut down) on 2026-10-09 returned only Forex Peace Army user complaints; no regulator action or court case found.

Rules and clauses that decide outcomes

• Discretion to terminate / enforce. Provider may restrict, suspend, terminate and apply enforcement 'across all Challenge Accounts' linked to the customer; may act 'without prior notice' (Challenge Terms s.9.1-9.4); other Stellar accounts of linked customers can be hit. source
• Performance Reward is discretionary. 'Any Performance Reward is discretionary and conditional upon full compliance... not payable unless and until expressly approved and paid' (s.13.4). Provider may withhold, deny, reverse or set-off rewards (s.9.1, 9.9). source
• Contractual penalty USD 25,000. For each Prohibited Trading Practice breach (per trade, strategy, account, device, etc.) customer 'shall pay' USD 25,000; may be set off against rewards (s.9.8-9.9). source
• Prohibited strategies list. Latency/feed, arbitrage, HFT, tick scalping and quick strike, grid trading, one-sided betting, cross-account hedging, account sharing, account rolling, third-party copy trading, abnormal change in lot size/frequency, unauthorised VPS/EA. source
• Open-ended prohibition. 'The list... is not exhaustive. Any behaviour that the Provider determines to be abusive... may be treated as prohibited' (s.8.21); position sizes 'conspicuously inconsistent' with prior pattern may be flagged (s.8.16). source
• Gambling-style behaviour. Includes all-in positions risking full or near-full daily loss limit, margin usage of 70% or more cumulative, overleveraging. Breaches 'may result in the cancellation of services without refund'. source
• Loss limits measurement. Daily limit includes realized and unrealized P&L, swap, commission; resets 0:00 server time. Limits are % of initial balance. Max loss static on 1-Step/2-Step/Lite; trailing 6% on Instant. source
• Min trading days. A trading day needs at least one trade with non-zero P&L (General Rules); Challenge Terms define it as a calendar day with a trade opened/closed. 1-Step 2 days; 2-Step and Lite 5 days. source
• Profit target basis. Calculated on closed trades only (General Rules). source
• News trading. Allowed. On funded FundedNext accounts and Stellar Instant, profits within 5 min before/after a listed high-impact event count at 40% (losses 100%). Challenge phases not subject. source
• Weekend / overnight holding. Allowed on all CFD accounts at all stages; swap charges apply (triple swap Wed for Forex/commodities, Fri for indices/crypto/stock). source
• EAs and VPS. Allowed only on 5K-25K accounts, each needs its own paid add-on, MT4/MT5 only. Unauthorised VPS/EA use is prohibited. Bots/AI agents not authorised are prohibited (s.8.14). source
• Copy trading. Allowed only between own Stellar challenge accounts (or own Instant accounts); not if a Funded Account is involved; not via third-party copier services; no friends/family/third parties. source
• Hedging. Opposite positions on same instrument allowed within a single account; cross-account (even own) and external-broker hedging prohibited; risking full daily loss on one trade may be reviewed as suspected hedging. source
• VPN / geo circumvention. Use of VPNs, proxies, emulators or device spoofing to bypass geo/KYC controls is prohibited (Challenge Terms s.8.13; ToS s.5.6). source
• Inactivity. General Rules: 60 consecutive days without a trade deactivates any CFD account. Challenge Terms s.10.7: provider may suspend access if not activated/trading within 30 days of purchase. Two periods on official pages. source
• Refund. Refund within 7 days of purchase only if no trading activity; none after trading, on failure, breach, failed KYC or termination (s.10.3-10.5; ToS s.7.7). source
• Chargebacks. Chargeback may lead to suspension, reward withholding/set-off, USD 25 admin fee; reactivation 45-60 business days (ToS s.7.9.2, 7.11.1; Challenge Terms s.11). source
• KYC / additional compliance. Provider may require KYC at any stage, plus 'training sessions, interviews, behavioural assessments, trading reviews or verification calls' as a condition of funded access or rewards (ToS s.5.7.1). source
• Final determination. Platform logs are used to decide breaches; provider's determination 'final, subject to applicable law'; review is at its discretion (Challenge Terms s.7.3, 9.6). source
• Consistency. Challenge Terms s.5.6 applies a consistency requirement only to Express Model 'Consistency' designation; no consistency rule found for Stellar on official pages read. source
• Programme changes. Provider may change parameters for future purchases; not retroactive unless needed for platform integrity or legal reasons (s.3.4). source
• Commissions. Stellar 1-Step/2-Step: $5 per side Forex/oil, 0.0016% metals, 0.04% crypto, 0.004% stock; Instant and Lite $7 Forex/oil. source
• Account sharing allegation (user claim). Forum user alleges termination of passed 25k account under s.11.2/12.3/12.4 for account sharing, 2026-09-20; unverified, no firm reply shown. source
• Governing law / arbitration. ToS s.27: laws of Ajman and UAE federal law; disputes after 30-day notice go to DIAC arbitration, seat Dubai, one arbitrator, English; provider may still seek court injunctions; s.18.9 individual claims only, no class or collective action. source
• Reward review and post-payout review. Every reward request passes a Risk Management review; reward may be denied in full if profits from rule-breaking trades exceed the request; reviews may also happen after payment and the account paused (help article 10701585). source
• Shared withdrawal wallet. A wallet address used by another trader triggers a compliance review: first instance warning, second instance termination/suspension with reward or refund denied or adjusted. source
• Max risk on funded accounts. /cfds rules tables list "Max Risk 3% at any time" for funded Stellar 1-Step, 2-Step, Lite and Instant accounts. source
• 15% challenge reward timing. For accounts bought or reset on/after 2026-01-12 the 15% challenge-phase reward is tied to scale-up eligibility; not available to U.S.-based clients. source

Legal, regulatory and closure events

• 2026-01. Per secondary review: Gold leverage on Stellar 2-Step cut mid-cycle for traders who had already paid. Outcome: Not stated. source
• 2026-09-20. User allegation on Forex Peace Army of termination of a passed 25k account for alleged account sharing. Outcome: No firm response shown; unverified. source
• 2026-09-01. Finance Magnates reports FundedNext self-reported >$350M cumulative payouts; notes figures are not independently audited and an on-chain tracker attributes about 64% of the total; no regulator or court action mentioned. Outcome: Informational; no dispute. source

Search done on 9 Oct 2026. An empty list means nothing found in that search.

FundedNext: common questions

Is FundedNext a real-money account?

Challenge Terms s.1.6: 'All trading activity within the CFDs Challenge occurs exclusively within a simulated environment. No orders are executed in the live market.' s.1.7: simulated profits 'have no monetary value' unless converted into a discretionary Performance Reward.

Is FundedNext regulated?

Terms s.4.2(a): provider 'is not a broker, financial institution, investment firm... or regulated financial services provider'; services are not regulated activity. No licence named. ToS s.27: governed by laws of the Emirate of Ajman and UAE federal law; disputes to DIAC arbitration (seat Dubai, one arbitrator, English); class-action waiver s.18.9.

Is FundedNext available in Italy?

Italy is not listed on the restricted list we read. ToS s.5.3 CFD restricted list: Bangladesh, Myanmar, Belarus, North Korea, Syria, Grenada, Chad, Malaysia, Belize, Antigua and Barbuda, Cape Verde, Tuvalu, Vietnam, Bouvet Island, Burundi, Cook Islands, Eritrea, Comoros, Sri Lanka, Fiji. Italy and EU states are not on the list; the provider may also block jurisdictions for sanctions/PSP reasons (s.5.5) and update lists (s.5.9). Futures list (s.5.4)

What we read, and what is missing

• FundedNext Terms of Service (official; sections 1-27 read via browser) open
• FundedNext CFDs Challenge Terms (official, full) open
• FundedNext General Rules: Trading Objectives (official) open
• FundedNext General Rules: What is Forbidden (official) open
• FundedNext General Rules: What is Allowed (official) open
• FundedNext General Rules: Symbols & Conditions (official) open
• FundedNext homepage (official, self-reported stats) open
• FundedNext Trust and Security (earlier pass) open
• CurvedTrading FundedNext review (secondary, July 2026) open
• Forex Peace Army user thread (allegation) open
• FundedNext CFDs pricing page (official, model/size tabs read via browser) open
• FundedNext help: Stellar 2-Step Challenge (official prices, add-ons, reset) open
• FundedNext help: Stellar 1-Step Account (official prices) open
• FundedNext help: Stellar Lite Account (official prices) open
• FundedNext help: Stellar Instant Account (official prices, 70/80% tiers, no refund, reset fee) open
• FundedNext help: How often will I receive my Performance Reward? (official) open
• FundedNext help: minimum Performance Reward limit (official) open
• FundedNext help: How can I withdraw my profits? (official methods, country exclusions) open
• FundedNext help: Are any countries restricted on FundedNext CFDs? (official) open
• FundedNext company page (official; launch 2022, founders) open
• FundedNext Terms of Service s.18.9 and s.27 (governing law, DIAC arbitration) read in full via browser open
• Finance Magnates: FundedNext says cumulative payouts exceed $350M (news, independent) open
• PropFirmMatch FundedNext payouts (aggregator, verification method not stated) open

Not verified: Primary-sourced from fundednext.com and help.fundednext.com: entities, launch year and founders, simulated nature, all official list prices and sizes per model, targets, loss limits, drawdown, min days, leverage, commissions, refund/refundable-fee conditions, reset rules, payout timing/frequency/methods/minimums/caps, governing law and DIAC arbitration, class-action waiver, restricted countries. Still open: numeric reset fees per size (not published; only "10% less than purchase price" for Instant); why the /cfds page displays only four sizes per model while help centre lists six (possible geo/promo display, not stated); Instant Account Terms page and Futures terms not read; the 2026-01 "gold leverage cut" item remains a secondary-review claim; Forex Peace Army allegations unverified; no certified payout aggregator exists for this firm.

Rules change. Confirm on the firm's site before you pay. Education only, not investment advice. How we check · Corrections