Welcome to Next Step Funded, where the mission of the platform is to unlock the potential of talented traders. They do this by equipping them with the essential capital needed to flourish in the dynamic and competitive world of foreign exchange proprietary trading. Their driving force is to create an environment where deserving traders can not only thrive but also receive the well-earned payouts they deserve through their relentless dedication and honed skills.
What sets Next Step Funded apart is its innovative approach, which is crafted through a deep and empathetic understanding of the unique needs of traders. They’ve taken the best elements from their competitors’ offerings and melded them seamlessly into a client experience that stands out as superior. Here, it’s not just about trading; it’s about fostering a community of traders who are not limited by financial constraints but can focus on what they do best – making informed trading decisions and achieving their full potential.
One Step Challenge
Next Step Funded offer traders a structured path to growth with their One Step Challenge, available at various account levels
$15,000 Account Cost: $120
- 3 Minimum Trading Days
- $750 Max Daily Loss (5%)
- $1,800 Max Total Loss (12%)
- $1,500 Profit Target (10%)
- 80% Profit Share
$25,000 Account Cost: $180
- 3 Minimum Trading Days
- $1,250 Max Daily Loss (5%)
- $3,000 Max Total Loss (12%)
- $2,500 Profit Target (10%)
- 80% Profit Share
$50,000 Account Cost: $360
- 3 Minimum Trading Days
- $2,500 Max Daily Loss (5%)
- $6,000 Max Total Loss (12%)
- $5,000 Profit Target (10%)
- 80% Profit Share
$100,000 Account Cost: $600
- 3 Minimum Trading Days
- $5,000 Max Daily Loss (5%)
- $12,000 Max Total Loss (12%)
- $10,000 Profit Target (10%)
- 80% Profit Share
$200,000 Account Cost: $1,200
- 3 Minimum Trading Days
- $10,000 Max Daily Loss (5%)
- $24,000 Max Total Loss (12%)
- $20,000 Profit Target (10%)
- 80% Profit Share
Two Step Challenge
For those seeking a more progressive challenge, their Two Step Challenge offers a stepping stone approach
$15,000 Account Cost: $100
- 5 Minimum Trading Days
- $750 Max Daily Loss (5%)
- $1,800 Max Total Loss (12%)
- Phase 1 – $1,500 Profit Target (10%)
- Phase 2 – $750 Profit Target (5%)
- Up to 80% Profit Share
$25,000 Account Cost: $150
- 5 Minimum Trading Days
- $1,250 Max Daily Loss (5%)
- $3,000 Max Total Loss (12%)
- Phase 1 – $2,500 Profit Target (10%)
- Phase 2 – $1,250 Profit Target (5%)
- Up to 80% Profit Share
$50,000 Account Cost: $300
- 5 Minimum Trading Days
- $2,500 Max Daily Loss (5%)
- $6,000 Max Total Loss (12%)
- Phase 1 – $5,000 Profit Target (10%)
- Phase 2 – $2,500 Profit Target (5%)
- Up to 80% Profit Share
$100,000 Account Cost: $500
- 5 Minimum Trading Days
- $5,000 Max Daily Loss (5%)
- $12,000 Max Total Loss (12%)
- Phase 1 – $10,000 Profit Target (10%)
- Phase 2 – $5,000 Profit Target (5%)
- Up to 80% Profit Share
$200,000 Account Cost: $1,000
- 5 Minimum Trading Days
- $10,000 Max Daily Loss (5%)
- $24,000 Max Total Loss (12%)
- Phase 1 – $20,000 Profit Target (10%)
- Phase 2 – $10,000 Profit Target (5%)
- Up to 80% Profit Share
How to Pass Next Step Funded Trading Challenge
Passing Next Step Funded trading challenge requires a combination of skill, discipline, and consistency. Here are some tips that can help you succeed:
- Choose an account type that matches your trading style and risk appetite. Do not overestimate your abilities or underestimate your challenges.
- Plan your trades and trade your plan. Have a clear trading strategy with well-defined entry and exit points, risk-reward ratio, and money management rules.
- Follow the challenge rules strictly. Do not risk more than you can afford to lose or chase unrealistic profits. Respect the lot size limit and the maximum drawdown limit at all times.
- Track your performance and progress. Use a trading journal or a performance analysis tool to record your trades and review your results. Identify your strengths and weaknesses and learn from your mistakes.
- Be patient and consistent. Do not rush to achieve your profit target or trade every day. Wait for high-probability setups and trade with confidence and discipline.
Next Step Funded Brokers
Next Step Funded are proud to partner with Eightcap, where both veteran and novice traders come together to engage in market acitvity, discussions and stay updated with all relevant announcements.
World-Class Asset Offering
At Next Step Funded, they provide traders access to one of the most extensive selections of trading instruments in the prop trading space, thanks to their partnership with Eightcap. With over 500 products listed at their partner broker, traders have an array of options to generate potential trading opportunities from:
- FX: Trade over 40 major and minor FX pairs.
- Metals: Easily modify any block data to fit your needs; image, title, text, etc.
- Oil: Next Step Funded offer Brent and WTI, the two global benchmarks for oil trading.
- Indices: Trade the world’s largest stock indices round-the-clock with instant execution.
- Stock CFDs: Go long or short on the largest US, Australian, LSE, and XETRA stocks.
Next Step Funded Coupon Codes & Discounts
Next Step Funded may occasionally offer coupon codes that can give you a discount on the challenge fees. You may find these coupon codes on their website, newsletter, or partner sites. However, these coupon codes are usually limited in time, so you have to act fast if you want to use them.
Conclusion
In conclusion, Next Step Funded presents itself as a beacon of opportunity and empowerment in the world of forex proprietary trading. Their commitment to nurturing and supporting traders, whether they are seasoned professionals or newcomers, is at the core of their mission. With a team of experienced professionals from diverse backgrounds and a global presence that enables them to understand and adapt to various markets, they seem to be well-equipped to lead the way in propelling traders towards financial success.
The Next Step Funded structured challenges, whether the One Step Challenge or the Two Step Challenge, provide traders with clear pathways to growth, and their partnership with Eightcap offers access to a vast array of trading instruments and world-class trading platforms.
At Next Step Funded, they don’t just provide capital; they also try to provide an ecosystem that encourages growth, learning, and collaboration. Their commitment to continuous improvement and innovation ensures that they remain at the forefront of the industry, always ready to adapt to the changing needs of their clients and the dynamic world of forex trading. However, it is important to conduct diligent research before trusting Next Step Funded or any other prop firm.
FAQ
What is Next Step Funded’s maximum drawdown?
Next Step Funded’s maximum total loss is 12%.
What is Next Step Funded’s profit target?
Next Step Funded’s profit targets are 10% for Phase 1 & 5% for Phase 2.
What are Next Step Funded’s minimum and maximum trading days?
Next Step Funded’s minimum trading days are 3 days for the 1-step challenge and 5 days for the 2-step challenge. On the other hand, the maximum trading days requirement for Next Step Funded’s 2-step challenge is 30 calendar days for phase one and 60 calendar days for phase two. For the 1-step challenge, the maximum trading days requirement is 60 calendar days.
What are Next Step Funded’s challenge fees?
Next Step Funded’s challenge fees are as follows:
One Step Challenge
- $15,000 Account Cost: $120
- $25,000 Account Cost: $180
- $50,000 Account Cost: $360
- $100,000 Account Cost: $600
- $200,000 Account Cost: $1,200
Two Step Challenge
- $15,000 Account Cost: $100
- $25,000 Account Cost: $150
- $50,000 Account Cost: $300
- $100,000 Account Cost: $500
- $200,000 Account Cost: $1,000
Does Next Step Funded offer a retry?
Based on web search results, it seems like Next Step Funded does not offer a retry. However, you are welcome to purchase again if you wish to.
Does Next Step Funded offer a fee refund?
Yes, Next Step Funded offers a fee refund.
What is Next Step Funded’s profit split?
Next Step Funded offers up to 80% profit split for their traders.
Does Next Step Funded offer a scaling plan?
Based on web search results, it seems like Next Step Funded does not offer a scaling plan.
Does Next Step Funded allow expert advisors?
Yes, Next Step Funded allows expert advisors.
Does Next Step Funded offer a free trial?
Based on web search results, it seems like Next Step Funded does not offer a free trial.
What is Next Step Funded’s minimum deposit?
Based on web search results, it seems like Next Step Funded does not have a minimum deposit.
What are Next Step Funded’s brokers?
Next Step Funded are proud to partner with Eightcap, where both veteran and novice traders come together to engage in market activity, discussions and stay updated with all relevant announcements.
What are Next Step Funded’s platforms?
You are permitted to trade your Next Step Funded account with the MT4 platform, which is provided by ASIC-regulated broker EightCap.
What is Next Step Funded’s leverage?
For all your Next Step Funded accounts, you will get 1:30 leverage.
Is Next Step Funded legit?
Next Step Funded is a prop trading firm that claims to offer attractive conditions and benefits for traders who want to get funded. However, there are some doubts that have been raised about Next Step Funded’s legitimacy and reliability. Whatever the case may be, it is very important for traders to always pay attention to reviews and testimonials before trusting any prop firm. Therefore, we advise caution and due diligence before joining Next Step Funded or any other prop trading firm. Do your own research, compare different options, and make an informed decision.
Next Step Funded’s alternatives
Some possible prop firm alternatives to Next Step Funded are FTMO, Fidelcrest, The Trading Pit, Lux Trading Firm, and City Traders Imperium. These are just some of the prop firms that you can consider as alternatives to Next Step Funded.
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