What FundedNext does

FundedNext operates a simulated proprietary trading platform serving retail traders in 170+ countries. The legal entity is GrowthNext F.Z.E., registered in the Ajman Free Zone, UAE (Reg. No. 28831), with additional operating presence in Comoros, Hong Kong, and Cyprus (for payments). The platform offers evaluation-based funding programmes rather than brokerage services: traders pay one-time entry fees to take challenge assessments and, on passing, receive simulated capital and a share of the profits they generate. There is no client deposit model and no recurring subscription; revenue is generated entirely from challenge entry fees ($24.74–$1,049.99 across CFD tiers; $79.99–$483.99 across Futures tiers), add-ons, reset fees for failed challenges, and affiliate/introducing-broker commissions.

The core product surface is two-fold. CFD challenges come in four variants — Stellar 2-Step, Stellar 1-Step, Stellar Lite, and Stellar Instant — covering forex, indices, commodities, and crypto. Futures challenges come in Flex, Legacy, Rapid, and Bolt variants for traders who prefer futures markets. Trading is executed on third-party platforms including MetaTrader 4, MetaTrader 5, cTrader, Match-Trader (used for the US storefront), Tradovate, NinjaTrader, TradingView, and DXtrade, with a proprietary dashboard and mobile app providing account management and reward processing. The platform commits to a 99.99% within-24-hour reward processing rate backed by a $1,000 penalty, and 24/7 multilingual support is delivered across 44 languages from five support hubs.

FundedNext serves 486,300+ accounts globally, has distributed $321.8M+ in cumulative trader rewards (as of May 2026), and reports a 55% repeat-reward rate. The go-to-market combines direct-to-consumer acquisition, an affiliate/IB programme, the FNmarkets cross-sell brand, a 25+ global meetup circuit, and a 6,000-person Discord community. The firm is led by founder and CEO Abdullah Jayed, was ranked #1 in the fintech category of the Deloitte Fast 50 Middle East 2026, and was added to the RBI Alert List in India in October 2024 — a defensive regulatory event that constrains one of its largest addressable retail markets.

Name

FundedNext

Legal name

GrowthNext – F.Z.E.

Website

https://fundednext.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Short description

FundedNext operates a simulated proprietary trading platform serving 486,000+ retail traders across 170+ countries via CFD and Futures evaluation challenges, monetising through one-time challenge entry fees, add-ons, reset fees, and affiliate commissions.

Ownership category

akta.pro rank

Product category

Proprietary Trading

NAICS

Securities and Commodity Exchanges (52321), Investment Banking and Securities Intermediation (523150)

SIC

Finance Services (6199)

akta.pro primary industry

Brokerages & On/Off-Ramps (fiat rails, instant buy/sell) (FSAPADAG)

akta.pro secondary industry

Market Making & Liquidity Programs (Exchange-Operated) (FSADAAAI)

Keywords

• Proprietary trading firm
• Prop trading challenges
• Simulated trading evaluation
• CFD prop trading
• Futures prop trading

Headquarters

HQ city

Al Ajman

HQ country

United Arab Emirates

HQ region

Middle East

Offices6 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Supply Chain

Revenue model

1. Challenge entry fees (CFDs): One-time fee per challenge account purchased. Four CFD products (Stellar 2-Step, Stellar 1-Step, Stellar Lite, Stellar Instant) priced by account size from $24.74 (Lite 5K) to $1,049.99 (2-Step 200K). Fees are explicitly defined as consideration for evaluation services, not deposits or client money.
2. Challenge entry fees (Futures): One-time fee per Futures challenge. Four products (Flex, Legacy, Rapid, Bolt) priced by account size from $79.99 (Flex 50K / Legacy 25K) to $483.99 (Flex 150K). Same evaluation-fee model as CFDs.
3. Add-on upgrades: Optional paid add-ons at checkout that modify challenge/reward parameters: Lifetime Reward 95%, 150% Reward, Double Up, EA (Expert Advisor), VPS, No Minimum Trading Days, Bi-Weekly Reward, Maximum Loss Limit 10%.
4. Reset and reactivation fees: Reset fees for re-attempting a failed challenge (e.g., Flex 150K reset $278.99, Rapid 100K reset $257.99, Legacy 100K reset $220.79). Reactivation after chargebacks may take 45-60 business days and require settlement of outstanding fees.
5. Affiliate / partner commissions: Affiliate programme governed by a dedicated Partners T&C, with discount and promo codes (FLEXJU, NEW25, FLEX) used to drive referred traffic into the funnel.
6. FNmarkets deposit bonus (cross-sell): Promotional cross-sell to FNmarkets (sister brand) offering a 30% deposit bonus on FNmarkets transfers. Drives secondary monetisation through the FundedNext funnel.

Pricing tiers

Go-to-market motion5 records

Distribution channels1 record

Marketing channels9 records

Core offering

FundedNext operates a proprietary simulated trading firm that lets individual traders access capital up to $200,000 by purchasing one-time challenge fees. It runs two core product lines — FundedNext CFDs (Stellar 2-Step, Stellar 1-Step, Stellar Lite, Stellar Instant) on MT4/MT5/cTrader/Match-Trader and FundedNext Futures (Flex, Legacy, Rapid, Bolt) on Tradovate/NinjaTrader/TradingView — and pays out profit splits of up to 95% on simulated funded accounts through automated reward processing in under 24 hours.

Product overview

FundedNext operates as a proprietary trading firm with a platform-plus-modules architecture, offering two core product lines: FundedNext CFDs (with Stellar 2-Step, Stellar 1-Step, Stellar Lite, and Stellar Instant challenges) and FundedNext Futures (with Flex, Legacy, Rapid, and Bolt challenges). The CFD and Futures lines sit alongside related sub-brands FNmarkets and FundedNext USA, with FundedNext USA representing the company's re-entry to the US market on the Match-Trader platform. The platform integrates with leading third-party trading platforms (MT4, MT5, cTrader, Match-Trader, NinjaTrader, Tradovate, TradingView) and supports multiple payment methods (Mastercard, Visa, American Express, Apple Pay, Google Pay, PayPal, Skrill, Neteller, among others).

Differentiator

Problem solved

Functional benefit

Brands

• FNmarkets: Brands-related brokerage/markets offering referenced on the global website footer (linked at fnmarkets.com), with a '30% Deposit Bonus on FNmarkets Transfers' promotion noted on the homepage.
• FundedNext CFDs
• FundedNext Futures
• FundedNext USA

Products and services

• FundedNext CFDs Simulated CFD prop trading evaluation program where individual retail traders purchase one-time challenges across four formats, execute on MT4/MT5/cTrader/Match-Trader, and earn up to 95% of simulated profits upon passing. Targets retail traders globally seeking access to funded simulated trading capital.
• FundedNext Futures Simulated futures prop trading evaluation program with four challenge types (Flex, Legacy, Rapid, Bolt) executing on Tradovate, NinjaTrader, and TradingView. Offers rewards as fast as daily (Bolt) or every 3-5 days, with an 80% reward share scalable to 95% via add-ons. Targets retail futures traders globally.
• FNmarkets Sister-brand brokerage and markets offering within the FundedNext ecosystem that provides live trading services. Cross-sold to FundedNext traders via a 30% deposit bonus promotion on FNmarkets transfers.
• FundedNext USA U.S.-specific FundedNext offering operating through the Match-Trader platform with its own Terms of Service, Privacy Policy, and Cookie Policy. Provides CFTC/NFA-compliant simulated prop trading access to U.S. retail traders following the November 2025 market reentry.

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration15 records

Feature6 records

Partnerships

Ten partnerships are on record, tiered flagship, core and minor.

• Match-TraderflagshipTechnology or Integration · 6 November 2025Match-Trader is the trading platform FundedNext uses for its strategic US market reentry. The November 2025 announcement positioned Match-Trader as the US-facing execution venue as MetaQuotes withdrew MetaTrader licenses from US-facing brokers, giving FundedNext CFTC/NFA-compliant access to US traders.
• MetaQuotes (MetaTrader 4 & 5)coreTechnology or IntegrationMT4 and MT5 are the primary CFD trading platforms offered by FundedNext globally, alongside cTrader and Match-Trader. MetaQuotes' withdrawal of MetaTrader licenses from US-facing brokers in 2024-2025 forced FundedNext to add Match-Trader to retain US access.
• cTradercoreTechnology or IntegrationcTrader is offered as one of the four primary CFD trading platforms (alongside MT4, MT5, Match-Trader) in FundedNext's global CFD storefront.
• TradovatecoreTechnology or IntegrationTradovate is one of the two primary Futures execution platforms offered by FundedNext Futures, used for Flex, Legacy, Rapid, and Bolt challenges and funded accounts.
• NinjaTradercoreTechnology or IntegrationNinjaTrader is one of the two primary Futures execution platforms offered alongside Tradovate in FundedNext Futures, used across all four Futures plans.
• TradingViewcoreTechnology or IntegrationTradingView is one of three Futures trading platforms offered by FundedNext and also powers the FundedNext Market Overview page. Used for charting, analysis, and trade execution integration.
• RiseWorkscoreTechnology or IntegrationRiseWorks is the fiat withdrawal rail for FundedNext reward payouts, supporting bank transfers and debit card disbursements alongside the USDT and USDC on-chain options.
• CloudflarecoreTechnology or IntegrationCloudflare provides security, DDoS protection, and bot-management for the fundednext.com web properties (confirmed via Cloudflare challenge pages on multiple subdomains).
• GrowthNext F.Z.E. (parent entity)flagshipOEM/ Whitelabel/ Licensing PartnerGrowthNext F.Z.E. (UAE, Company No. 28831) is the parent and sole contracting party for FundedNext services and the registered owner of the FundedNext trademark. Other operational entities (FundedNext Ltd. Comoros, FundedNext Limited Hong Kong, Incenteco and Abutor in Cyprus) act as operational/technical or payment-processing affiliates of GrowthNext.
• Affiliate / partner network (undisclosed creators)minorChannel Partner/ Reseller/ DistributorFundedNext operates an affiliate/partner programme governed by a dedicated Partners T&C, distributing promo codes (e.g., FLEXJU, NEW25, FLEX) used in sponsored content and discount campaigns.

Scale indicators16 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• FTMO: FTMO is the largest direct competitor in the retail prop-firm evaluation space, offering similar one-time fee challenges, simulated trading environments, and trader reward splits. Both target retail traders seeking funded capital across forex, indices, and commodities.
• MyFundedFX: MyFundedFX is a direct peer in the CFD/forex prop-firm category, offering evaluation challenges with similar fee structures and reward splits. Targets the same retail forex/CFD trader base.
• Hantec Trader: Hantec Trader offers CFD evaluation challenges under the regulated Hantec Group umbrella, providing a comparable challenge-based funded-trader model with similar retail trader target segments.
• TopStep: TopStep is a direct peer specifically in futures prop trading, offering evaluation challenges and funded accounts to retail futures traders. Closely comparable to FundedNext's Futures product line.
• The5ers: The5ers is a direct peer offering funded trader programs with one-time evaluation fees and reward splits. Operates a similar challenge-based model with simulated environments, focused on forex and CFDs.
• Apex Trader Funding: Apex Trader Funding is a fast-growing direct peer in the futures prop-firm evaluation space, offering low-cost challenges and funded accounts. Comparable to FundedNext Futures on challenge structure and target trader segment.
• The Trading Pit: The Trading Pit is a direct peer offering CFD and futures prop challenges with one-time evaluation fees and reward splits. Operates a similar simulated-trading, fee-based model targeting retail traders globally.
• Earn2Trade: Earn2Trade offers futures evaluation challenges with funded account pathways, directly comparable to FundedNext's Flex/Legacy/Rapid/Bolt product line. Targets similar retail futures traders.

Emerging players

• Leeloo Trading: Leeloo Trading is an emerging player in the prop-firm evaluation space, offering similar CFD challenge structures. Comparable as a niche player intersecting with FundedNext's CFD product line, though smaller in scale.

Others

• DXtrade (Devexperts): DXtrade (by Devexperts) is a trading platform provider that competes in the technology layer rather than as a prop-firm, but is highly relevant as one of the alternative venues US-facing prop firms migrated to after MetaQuotes' license withdrawal — adjacent infrastructure to FundedNext's US offering on Match-Trader.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@FundedNext
• Xx.com/FundedN
• Facebookfacebook.com/fundednext

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FundedNext