FundedNext has announced the first release from its innovation division, FundedNext Labs. The FNL:001 is a $50,000 CFD challenge designed to provide a trading experience similar to futures, removing common technical restrictions such as DLL.
FNL:001 Challenge Details
This new model stands out as one of the most affordable in the industry, with an entry price of $99.99. The profit target is set at 6% ($3,000), a competitive figure within the prop firm sector.
Risk Management Rules
- Maximum Loss Limit: 4% ($2,000).
- Daily Loss Limit: None.
- Consistency Rule: A 40% rule applies.
- News Trading: Fully permitted in both the evaluation phase and the reward account.
Reward Account Conditions
After passing the evaluation phase, traders must complete a 5-day benchmark period, generating at least $200 in profit per day. The maximum withdrawal allowed is 50% of the profits earned, up to a cap of $2,000.
Additional Features
- No additional risk reviews.
- No restrictive margin rules.
- Limited availability based on slots.
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