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Comparison · Forex

Track record FundedNext and Fundex

Updated on

Who is behind each firm

FundedNext is led by Abdullah Jayed and operates from its headquarters in Ajman, United Arab Emirates. The firm has established a highly visible corporate identity since its inception, positioning its CEO as a central figure in its branding and communication. On the other hand, Fundex is based in Marbella, Panama City, Panama. While the provided data does not specify a public CEO, the firm operates under Panamanian jurisdiction, offering a different geographical and regulatory context compared to the Middle Eastern hub where FundedNext is located.

How long they have been around

There is a significant difference in market experience between these two entities. FundedNext was founded in 2022, which in the prop trading industry represents a consolidated tenure, having navigated various market cycles and industry shifts over several years. Fundex is a much more recent addition to the space, with a foundation date in 2025. This means Fundex is currently in its early stages of building a reputation, whereas FundedNext has already undergone the process of scaling its operations and refining its infrastructure over a longer period.

What they promise and what backs it

The promises made by these firms must be weighed against their established presence. FundedNext offers a wide array of account types, including 1-Step, 2-Step (Stellar), Lite, and Instant accounts. Their pricing for a $100,000 account starts at $399 for the Stellar Lite version, backed by a massive volume of over 57,000 Trustpilot reviews, which suggests a high level of user interaction and a tested infrastructure. Their risk rules are generally static, and they allow styles like news trading (with a 40% profit cap) and hedging.

Fundex enters the market with a more streamlined offering, focusing on 2-Step Classic and Pro accounts. A $100,000 Classic account is priced higher at $529, while the Pro version costs $749. Being a 2025 startup, Fundex’s promises are currently backed by a much smaller data set of 42 reviews. Their rules include a 3-minute minimum holding time for the Classic evaluation, which is a restrictive measure not found in FundedNext’s Stellar challenges. While Fundex offers an 80% profit split on its Pro accounts, its legal terms describe payouts as "discretionary bonuses," a phrasing that reflects a different legal approach to trader compensation compared to FundedNext’s performance reward structure.

How they handle your money

FundedNext demonstrates operational maturity through a diverse range of payment and payout methods. Traders can fund accounts via Card, Crypto, PayPal, Skrill, ApplePay, and GooglePay, and receive payouts through Bank Transfer or PayPal. Their payout frequency varies from 5 days to 21 days depending on the plan, but they offer a "Brand Promise" of processing rewards within 24 hours or paying an extra $1,000. In terms of platforms, they provide a comprehensive suite including MetaTrader 4, MetaTrader 5, cTrader, MatchTrader, and TradingView.

Fundex focuses on a more modern, albeit more limited, financial stack. They accept Card, Crypto, ApplePay, and GooglePay, but payouts are primarily handled through Rise. Their standout promise is the speed of withdrawals, claiming that most requests are processed within 60 minutes and all within 24 hours, including weekends. For trading, they utilize MatchTrader and a proprietary platform, which may appeal to those looking for a custom interface, though it lacks the broad platform variety offered by FundedNext.

Operational maturity

The operational maturity of FundedNext is evident in its secondary services, such as a points reward program (Infinity Points), monthly competitions, and a well-defined scaling plan that can lead to $4 million in capital. Their infrastructure supports multiple currencies and a high degree of automation. Fundex, being a newcomer, shows its maturity through the integration of specific crypto liquidity providers like Bitunix for its "Fundex Terminal," but it lacks the additive features like free trials for all or extensive loyalty programs that FundedNext has developed over its years of operation.

What the record does and does not tell you

The track record provides a snapshot of stability and market adoption, but it is not a guarantee of future performance. FundedNext’s high review count and years in business indicate a platform that has been tested by thousands, yet it also means they manage a much larger and more complex user base. Fundex’s recent entry and smaller review count mean there is less public information regarding their long-term reliability during crisis events, though their aggressive payout speeds suggest a desire to compete through efficiency. Neither track record can predict the internal solvency of the firms, only their public-facing history and stated conditions.

Frequently asked questions

Which firm is more affordable for a $100,000 challenge, FundedNext or Fundex?

FundedNext is more affordable for this capital size, offering the Stellar Lite $100,000 account for $399 and the Stellar 2-Step for $549.99. In contrast, Fundex charges $529 for its 2-Step Classic $100,000 account and $749 for its 2-Step Pro version, making FundedNext the cheaper option for entering a challenge at this level.

Does FundedNext or Fundex offer faster payouts to traders?

Fundex promises faster delivery, stating that most payout requests are processed within 60 minutes and all within 24 hours, including weekends. FundedNext offers various schedules, such as every 5 business days for Stellar 1-Step or up to 21 days for other plans, although they do provide a guarantee to process rewards within 24 hours or add $1,000 to the payout.

Which firm has stricter rules regarding trade duration, FundedNext or Fundex?

Fundex has stricter duration rules for its 2-Step Classic evaluation, requiring every trade to remain open for at least 3 minutes; violating this can lead to a warning or an account breach. FundedNext does not impose a minimum holding time on its Stellar accounts, though it does limit the profit counted from news trading to 40% if trades are opened or closed within a 5-minute window of the event.

What platforms are available for trading in FundedNext compared to Fundex?

FundedNext offers a wider variety of platforms, including MetaTrader 4, MetaTrader 5, cTrader, MatchTrader, and TradingView. Fundex provides a more limited selection, allowing traders to use MatchTrader or their own proprietary platform, the Fundex Terminal, which is specifically integrated with Bitunix for crypto pricing.

Field by field

FundedNext and Fundex, side by side

Rules, plans, platforms, leverage, commissions and payouts of both, with the option to see only what differs.

Head to head

59 differences

41%off · Exclusive
Headquarters

Office No. 7, AI Robotics HUB, C1 Building, AFZ, Ajman, United Arab Emirates

World Trade Center 200-B, Suite 306, Calle 53 Este, Marbella, Panama City

CEO

Abdullah Jayed

No data
Country

United Arab Emirates

Panama

Foundation

2022

2025

Banned Countries
Bangladesh, Belarus, North Korea, Syria, United States, American Samoa, Puerto Rico, Grenada, Chad, Malaysia, Belize, Antigua and Barbuda, Cape Verde, Tuvalu, Vietnam, Bouvet Island, Burundi, Cook Islands, Eritrea, Comoros, Sri Lanka, Fiji
Pakistan, Afghanistan, Myanmar, Iraq, Somalia, Sudan, South Sudan, Libya, Yemen, United Arab Emirates, North Korea, Iran, Syria, Cuba, Belarus, Russia
Assets
Forex, Indices, Commodities, Crypto, Stocks
Forex, Commodities, Indices, Stocks, ETFs, Crypto
Brokers

Liquidity Providers

Pure Market for CFDs. Bitunix provides the market conditions and pricing for crypto perpetuals traded through Fundex Terminal.

Refund
Yes

Registration (or reset) fee is refunded after the first payout. Applies to all accounts except Stellar Lite, where the fee is refunded after the third payout.

No

Fees are non-refundable once the account is created and access is granted. If payment is taken but no account is delivered, Fundex reviews the case individually.

Payout Fee

3.5%

No data
Platforms
Metatrader 4, Metatrader 5, cTrader, MatchTrader, Tradingview
Propietary Platform
Demo Account
Metatrader 4
ID123456PasswordFN2022ServerFundedNext-Server
Metatrader 5
ID123456Password@Fn2024*ServerFundedNext-Server
No data
Payout Methods
Transfer, PayPal, Card
Rise
Payment Methods
Card, Crypto, PayPal, Skrill, ApplePay, GooglePay
Card, Crypto, ApplePay, GooglePay
Payout Frequency
  • Stellar 1-Step: Every 5 business days
  • Stellar 2-Step and Stellar Lite: reward structure chosen at checkout:
    • Standard, Stellar 2-Step: First payout after 21 days, then every 14 days. No additional conditions.
    • Standard, Stellar Lite purchased or reset on or after October 12, 2026: First payout after 10 business days, then every 10 business days. Earlier accounts: first payout after 21 days, then every 14 days. No additional conditions.
    • 3-Day Performance Reward: Payout every 3 days after completing 3 profitable days in the cycle, each with at least 1% profit.
    • On-Demand Performance Reward: Payout on demand after reaching 2% account growth and maintaining 40% consistency.
  • Stellar Instant: On-demand from day 1 (minimum 5% profit)

On demand, with no fixed windows, waiting periods or limit on request frequency. Fundex states that most requests are processed within 60 minutes and all within a maximum of 24 hours, including weekends and public holidays.

Payout Guarantee

Brand Promise: Guaranteed Performance Reward within 24 hours, or get $1,000 extra.

No data
Maximum Withdrawal
  • USDT, USDC: $1,000

No published maximum.

Minimum Withdrawal
  • USDT: $20
  • USDC, Rise: $50

$50

Crypto Weekend Trading
No data
Yes
Metals
  • 2-Step, Lite: 25:1 (Challenge) / 15:1 (Funded)
  • 1-Step: 15:1 (Challenge) / 10:1 (Funded)
  • Instant: 7.5:1

CFDs: up to 20:1. Fundex Terminal: 1:1 or 2:1, depending on the instrument.

Energies
  • 2-Step, Lite: 25:1 (Challenge) / 15:1 (Funded)
  • 1-Step: 15:1 (Challenge) / 10:1 (Funded)
  • Instant: 7.5:1
20:1
Indices
  • 2-Step, Lite: 25:1 (Challenge) / 15:1 (Funded)
  • 1-Step: 10:1 (Challenge / Funded)
  • Instant: 5:1
20:1
Stocks

2:1

1:1
Forex
No data
100:1
Crypto
No data

Up to 4:1 on BTCUSDT and ETHUSDT; up to 2:1 on other cryptocurrencies, with some instruments limited to 1:1.

Forex
0
No data
Metals
0
No data
Energies
0
No data
Indices
0
No data
Stocks
0.004%
No data
Crypto
0
0.02% - 0.06%
Commission-Free Option
No
No data
Swap Free
Yes
No
Account Reset
Yes

All evaluation accounts can be reset for a fee. Reset discount: 10% off challenge price on Stellar 1-Step / 2-Step / Instant, 5% off on Stellar Lite.

No data
Add-ons
Yes
  • Swap-Free (+10%)
  • 95% Profit Split (+30%)
  • No minium trading days (+20)
  • 150% Refund (+10%)
  • Biweekly payout (+25%)
  • 10% Max Drawdown (+25%)
  • Double up: Purchase two identical accounts and receive a 60% discount on the second account
  • EA (+5%)
  • VPS (+5%)
No
Instant
Yes
No
One Step
Yes
Yes
Account scaling
Yes

Success Benchmarks

To trigger your first scaling event, you must meet the following Success Benchmarks:

  • Proven Track Record: Successfully received a minimum of 4 Performance Rewards.
  • Growth Benchmark: Demonstrate a minimum of 4% growth within each of those 4 payout cycles.
  • Maturity Milestone: Maintain an active and disciplined presence for at least 2 months.
  • Account Status: Finish the most recent cycle with a positive result and all positions closed before requesting the scale-up.

Pro Trader Privileges

Once you become a Pro Trader, you unlock the following privileges:

  • Exponential Growth: A 25% increase in your simulated capital for every qualifying cycle, up to a maximum of $4 Million.
  • Extra Performance Reward: A 15% retroactive reward from the profits earned during your Challenge phase (exclusive to Stellar 1-Step and 2-Step accounts).
  • Bonus Account: Receive a $100K Stellar Lite Challenge Account completely free to diversify your portfolio.
  • Loyalty Discount: Exclusive 12% discount on all your new account purchases.
  • Pro Distinction: Official designation as a "FundedNext Pro Trader".
No
Two Steps
Yes
Yes
Max Drawdown
  • Stellar 2-Step, Stellar 1-Step, Stellar Lite: Static
  • Stellar Instant: 6% trailing. It rises with profits, never falls, is capped at the initial account balance and does not reset after a payout.
  • 2-Step Classic: Evaluation uses a 10% static maximum drawdown from the starting balance, measured on equity and reset when Phase 2 begins. Once funded, a 10% drop from the original balance while in B-Book causes a permanent breach.
  • 2-Step Pro: 8% static maximum drawdown.
  • 1-Step Classic: Static evaluation drawdown based on starting balance and measured on equity, including open positions.
Profit Split
  • Stellar 1-Step: 80%

  • Stellar 2-Step and Stellar Lite: 80% with Standard, 60% with 3-Day Performance Reward, or 90% with On-Demand Performance Reward. The reward structure is chosen at checkout.

  • Eligible Stellar accounts can reach up to 95% under the scaling plan.

  • Instant: 70% on tier 1 and 2, 80% on tier 3 and above

  • Stellar 2-Step and Stellar 1-Step: 15% of the profits from the evaluation phases after achieving 10% profit in the funded account

2-Step Classic starts at a 70% trader profit split. 2-Step Pro starts at 80%. The split applies to eligible A-Book profits generated above the starting balance and after clearing any prior B-Book offset; on 2-Step Pro it is calculated when the payout is requested. Fundex's legal terms state that payments are discretionary bonuses rather than a fixed contractual split.
1-Step Classic: the trader profit split is shown in each challenge and is calculated when the payout is requested.

Free Trial
Yes
Yes

A free $1,000 Test Account is available to eligible traders who do not currently hold a Fundex account. It uses Fundex Terminal only, with a 10% target, 5% daily drawdown, 10% maximum drawdown and 5 minimum trading days. Profits cannot be withdrawn and completion rewards may vary.

Daily Drawdown

Balance-based

Evaluation: the daily loss limit is recalculated at 00:00 UTC from the balance at that time and measured on equity, including open positions. The applicable percentage is shown in each challenge. There is no daily loss limit at the funded stage.

Three Steps
No
No
Max Allocation

300,000

For traders in Cambodia, Mongolia, Slovakia, Slovenia, Taiwan, Ukraine, the Czech Republic, and Pakistan, FundedNext allows a Maximum Allocation of $50,000 across their accounts.

400,000
Merge Accounts
Yes
Yes

Funded accounts can be merged provided their combined balance does not exceed the $400,000 maximum allocation.

Minimum Trading Days
  • Stellar Lite evaluation: 2 days per phase on all payout cycles. Accounts purchased or reset earlier keep 5 days per phase: before October 12, 2026 with Standard, before November 5, 2026 with 3-Day or On-Demand Performance Reward
  • Stellar 2-Step evaluation: 5 days per phase
  • Stellar 1-Step evaluation phase: 2 days
  • Funded phase in all accounts: 0 days
  • 2-Step Classic: 5 days in each evaluation phase. To count, at least one trade must be opened with a notional value of at least 5% of the account balance before leverage.
  • 2-Step Pro: No minimum trading days.
  • 1-Step Classic: 5 evaluation trading days. A day counts only if at least one trade has a notional size of at least 5% of the account balance before leverage.
Points Reward Program

FundedNext’s Infinity Points Program rewards traders for their activity on the platform. By completing various actions, users collect Infinity Points that can be exchanged for discount coupons on FundedNext Challenges. The program recognizes trader participation while offering savings and added value to their trading journey.

No data
Monthly Competition
Yes
No
Profit After Breach
No data

Evaluation: reaching the daily or total loss threshold causes a breach. Funded: permanent breach follows four consecutive unrecovered B-Book switches, or a 10% decline from the original balance while the account is in B-Book.

Maximum Accounts
No data

Multiple evaluations and accounts are allowed. Total funded allocation is capped at $400,000.

Maximum Trading Days
No data

No maximum time limit.

Expert Advisor (EA)
Yes

EA Add-on required

Yes

EAs and automated systems are allowed when the underlying strategy is the trader's own. Arbitrage, HFT, martingale, grid, environment-exploitation and external trade-replication systems are prohibited.

VPN
Yes

EA Add-on required

No
Hedging
Yes
Limited

Hedging or arbitraging across Fundex accounts, or between Fundex and external accounts, is prohibited. The website does not clarify internal hedging within one account.

Requires Stop Loss
Yes
No
Scalping
Yes
Limited
  • 2-Step Classic: During evaluation, every trade must remain open for at least 3 minutes, including when TP or SL is triggered. The first violation generates a warning and later violations may cause a breach. There is no minimum holding time once funded.
  • 2-Step Pro: No minimum holding time during evaluation or once funded.
  • 1-Step Classic: Every evaluation trade must remain open for at least 3 minutes, including TP/SL closures. The first violation generates a warning; repeated violations cause a breach. No minimum holding time once funded.
Stacking / Layering (DCA)
No
No
Maximum Risk Limit
Yes

3%

Limited

During both evaluation phases, a single trade cannot lose more than 3% of the balance, including floating losses. The first violation generates a warning. This limit does not apply once funded.
1-Step Classic: Position exposure is measured as notional value relative to equity. Per position, up to 25% is compliant, over 25% through 40% generates a warning, and above 40% is a violation subject to review. Total simultaneous exposure during evaluation: up to 50% is compliant, over 50% through 80% generates a warning, and above 80% is a violation. Once funded, total exposure above 60% is a violation.

Copy Trading
Yes
No
News Trading
Limited

Only 40% of the profit from trades during this window will be counted toward your account balance. This applies to trades opened or closed within 5 minutes before and after a listed high-impact news event.

Yes
Inactivity Rule

Accounts (both Challenge and FundedNext) inactive for 60 consecutive calendar days are marked inactive. A warning email is sent first; if no trade is placed within 24 hours of the warning, the account is deactivated. Stellar Challenge Accounts can be reset to continue; FundedNext Accounts cannot. KYC verification must be completed within 30 days post-challenge.

No data
Consistency Rule
No
No
Hold Weekend
Yes
Yes
Prohibited Strategies
  • Hyperactivity
  • Latency Trading
  • Copy Trading from Others
  • Any form of Arbitrage Trading
  • Tick Scalping
  • Grid Trading
  • One-sided Betting
  • Account Sharing
  • Hedging or Group Hedging
  • Use of Guaranteed Profit with Limit Orders
  • Use of Platform or Data Freezing Due to Demo Server Errors
  • Latency arbitrage, spike catching and tick manipulation
  • Exploiting errors, price-feed delays or technical malfunctions
  • HFT inconsistent with realistic retail trading
  • Martingale, grid and all-in betting
  • Hedging or arbitrage across accounts or firms
  • Copy trading, replicated signals and self-copy trading
  • Front-running and use of non-public information
  • Market manipulation, order spamming and toxic flow
  • Materially changing strategy after passing the evaluation
  • Gambling behaviour, overleveraging or correlated position stacking
Martingale
No data
No
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