Traders With Edge

FundedNext Alternative & Comparison

FundedNext Alternative and Comparison. So in this video, that’s what we’re going to be covering. FundedNext versus Traders With Edge prop challenge accounts. So up the top here you’ll see that we have the prop firm and the challenge type, we have the Traders With Edge Turtle account, we have the Traders With Edge Hare account, and we have the FundedNext Evaluation. Notice that they’re all 100k accounts. The max size after scaling, most prop firms for successful traders will continue to add to the account when they’re in profit and increase the size of that account over time. The maximum account size for Traders With Edge is $3 million. The maximum account size for FundedNext is $4 million. Do the firms have rapid scaling plans? Yes, Traders With Edge has rapid scaling plan. FundedNext doesn’t have a rapid scaling plan. So if you’re on the website traderswithedge.com, you go up to challenges, click on scaling plans, you’ll see a page like this with the scaling plans, we’ve got the organic scaling plan and we’ve got the rapid scaling plan details there.

There’s also a video that explains each scaling plan and what’s included in it. There’re some examples there, there are some graphs that show you the difference between the rapid and the organic. And you can see just how much faster your account can grow with the rapid scaling plan. If you continue to scroll down at the bottom, there’s a calculator that we’ve created for you. So you can adjust your own settings and you can figure out exactly how you would trade and see what the difference is, if you were to choose the organic or the rapid scaling. So back to our FundedNext alternative and comparison, if we continue to scroll down, you’ll see the number of phases. For the Traders With Edge Turtle account, it’s a one-phase challenge. So once you’ve passed that one phase, then you go into a funded account straight away. Traders With Edge Hare, and the FundedNext evaluation are both two-phase challenges.

The price for Traders With Edge Turtle is $750 because it’s a one-step challenge, they’re typically more expensive. The Traders With Edge Hare is $590 and the FundedNext Evaluation is $549. Is it a refundable fee? It’s not a refundable fee on the Traders With Edge Turtle account because it is a one-step challenge. For both the Traders With Edge Hare and the FundedNext Evaluation, the fee is refundable once you’ve passed your challenge, and once you eligible for a payout. So, when you request your first payout, then you’ll receive a refund of that fee. So there’s actually no cost if you pass. The target for phase one is 10% across all accounts. The target for phase two, well, there’s no phase two for the Traders With Edge Turtle account because you’d already be on a funded account by this stage. Target for phase two is 5% for both the Traders With Edge Hare and the FundedNext Evaluation.

If we continue scrolling down, you’ll see the maximum drawdown for the Turtle account is 5%. The maximum drawdown for both the Hare account and the FundedNext Evaluation is 10%. The daily drawdown is 2.5% on the Turtle account, and 5% for both the Hare and the FundedNext Evaluation. The profit share is 80% from day one with Traders With Edge, and it’s up to 90% with FundedNext. You start on a lower amount and then over time they increase your profit share. The minimum trading days is 10 minimum trading days for all challenges. Minimum trading days for phase two is not applicable to the Turtle, and it’s 10 days for both the other accounts. The trading period, so this is the maximum trading time that you have to complete the challenge. It’s one year for the Turtle account, so you can take it nice and easy and it’s 30 days for both the Traders With Edge Hare account and the FundedNext Evaluation. Trading period for phase two, there is no phase two again for the Turtle, and it’s 60 days for both the other accounts. Can you hold over weekends? Yes, you can hold over weekends on the Turtle. Yes, you can hold over weekends on the FundedNext, but you can’t hold over weekends on the Traders With Edge Hare account. Can you use EA’s? All accounts require approval to use the EA’s. This is because every prop firm has a rule that states you cannot trade exactly the same strategy as someone else. So you can’t copy trades between accounts. Otherwise, it causes significant risk to the prop firm. This is why both Traders With Edge and FundedNext require you to get, seek approval, to use an EA before you trade. With any other prop firm, they will allow you to trade with an EA, but what they might not make apparent upfront is that if you’re using exactly the same strategy as someone else, then you will lose that account.

So it’s better to always seek approval to start with. Do they allow signals? Traders With Edge allow signals, yes. FundedNext does not. Do they allow news trading? Traders With Edge does allow news trading. FundedNext does not. Do you get free a retry? You don’t get a free retry on the Turtle account because it’s a one-phase account and you’ve got a full year to pass the challenge, so it doesn’t make sense to offer a free retry. With both the Traders With Edge Hare account and the FundedNext Evaluation, you do get a free retry if at the time the challenge expires, your account is in profit and you haven’t violated any rules, then you will receive a free retry to try to pass again.

Can you trade Forex? Yes, you can trade Forex on all accounts. Can you trade digital currencies? You can on Traders With Edge, but you can’t on FundedNext. Can you trade commodities? Yes, you can on all. Indices, yes on all. Can trade share or stock CFDs? You can on Traders With Edge, but you can’t on FundedNext. Do they offer trading competitions? Traders With Edge offers trading competitions, you can enter a competition, trade a demo account, compete against all your friends online and whoever wins the competition typically wins a challenge account. Do they have giveaways? Yes, Traders With Edge has giveaways. I don’t believe FundedNext has giveaways at this point in time. Here’s an example of a giveaway that Traders With Edge ran recently, you could win one of three $50,000 prop challenge accounts. You just have to enter your name and email address. This giveaway might not be active at the time that you see this video, but we do run giveaways regularly. So check out the website. Does the company offer education?

Yes, Traders With Edge offers education. FundedNext does not. Does the company have an affiliate program? Yes, Traders With Edge has an affiliate program up to 20% for the life of the clients. So if you sign up to our affiliate program and you refer someone, then you’ll receive up to 20% commission for the life of the client. So that means if you referred someone today and then they signed up in six months’ time and they purchased a challenge, well, we’ll pay you a percentage at six months and then maybe they purchased again in another two years, you’ll also get paid for that referral. So it’s kind of having a passive income. That concludes our FundedNext Comparison and Alternative. If you have any questions, please visit the website, talk to us on live chat, join our telegram group, or post a comment below this video and we’ll reply. Thanks for watching. Have a great day.

FundedNext is an international proprietary firm that was launched on the 18th of March 2022. The company believes that they could be a tough competition for some of the already established prop firms in the industry. Their prop trading firm has been in development for two and a half years and is striving to become the finest prop firm platform in the industry. They have a team with several departments with a mission to provide service to traders and access to funds. FundedNext founder and CEO is Abdullah Jayed who recognized as a young entrepreneur who brings change in the digital sector as well as in the retail trading industry. He founded Jayed Corp back in 2016 to create opportunities for employment globally and simplify people’s lives.

He is also well known for founding Growth Alliance, MoneyBackFX, and eComChef which became a great help in their respective fields within a very short time. After a series of ventures in the retail trade industry, he founded FundedNext, a proprietary firm that aspires to inspire more traders in the prop firm industry globally. Jayed always supports young, enthusiastic individuals to chase their dreams and shares his values to uplift their journey and provide traders with a comfortable trading environment.

FundedNext is registered and operates in multiple countries including UAE, USA, UK, and Bangladesh.They aim to assist trade enthusiasts with a solid strategy by giving them opportunities to grow. They provide trader-friendly terms and conditions to maximize their trading goals.

The company’s headquarter is located in United Arab Emirates.

Prop Firm/Challenge

Size
  • Max Account Size After Scaling
  • Rapid Scaling
  • Number Of Phases
  • Price: $USD
  • Refundable Fee
  • Target Phase 1
  • Target Phase 2
  • Maximum Drawdown
  • Daily Drawdown
  • Profit Share
  • Minimum Trading Days Phase 1
  • Minimum Trading Days Phase 2
  • Trading Period Phase 1
  • Trading Period Phase 2
  • Hold Over Weekends
  • Use EA’s
  • Allow Signals
  • Allow News Trading
  • Free Retry
  • Trade FX
  • Trade Digital Currencies
  • Trade Commodities
  • Trade Indices
  • Trade Share/Stock CFDs
  • Trading Competitions
  • Giveaways
  • Trader Education
  • Affiliate Program Pays

Traders With
Edge Turtle

$ 100K
  • $3 Million
  • Yes
  • 1
  • $750.00
  • 10%
  • N/A
  • 5%
  • 2.50%
  • 80%
  • 10
  • N/A
  • 365
  • N/A
  • Yes
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

Traders with
edge hare

$ 100K
  • $3 Million
  • Yes
  • 2
  • $590.00
  • Yes
  • 10%
  • 5%
  • 10%
  • 5%
  • 80%
  • 10
  • 10
  • 30
  • 60
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

FundedNext Evaluation

$ 100K
  • $4 Million
  • 2
  • $549.00
  • Yes
  • 10%
  • 5%
  • 10%
  • 5%
  • Up To 90%
  • 10
  • 10
  • 30
  • 60
  • Yes
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 15%

Choose your account type

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