Nexgen ProTrader Funding Launches Rapid Eval and Updates Payout Rules
Nexgen ProTrader Funding Launches Rapid Eval and Updates Payout Rules
Nexgen ProTrader Funding has officially replaced its 1-Step evaluation model with the new Nexgen Rapid Eval. This update introduces five account sizes designed to streamline the path from evaluation to funded payouts, allowing traders to pass the evaluation in as little as one trading day.
Details of the Rapid Eval Accounts
The new catalog includes the following options, all featuring an End of Day (EOD) drawdown:
- $25K Account: $149/month, $1,500 target, $1,300 drawdown, 5 contracts, $119 activation fee.
- $50K Account: $249/month, $3,000 target, $2,000 drawdown, 10 contracts, $129 activation fee.
- $75K Account: $329/month, $4,500 target, $2,500 drawdown, 12 contracts, $159 activation fee.
- $100K Account: $349/month, $6,000 target, $3,000 drawdown, 14 contracts, $179 activation fee.
- $150K Account: $449/month, $9,000 target, $4,500 drawdown, 17 contracts, $199 activation fee.
New Payout and Consistency Requirements
The firm has also implemented significant changes to the payout rules for Sim/Live and Instant accounts. Traders must now complete 5 qualified trading days for every payout request. To qualify as a trading day, the following minimum profit thresholds must be met:
- $25K: $100
- $50K: $150
- $75K: $200
- $100K: $250
- $150K: $300
Consistency and Drawdown
The profit consistency rule has been adjusted from 40% to 50% per payout cycle. Additionally, the minimum payout amount is set at $250, provided the account balance is at least $350 above the required buffer.
Policy Adjustments and Instant Accounts
While the previous 15% "flipping" limit is no longer explicitly listed, Nexgen retains the right to exclude days deemed as flipping and may require additional trading days.
For those seeking immediate access, Instant account pricing has been updated:
- $25K: $349
- $50K: $399
- $75K: $499
- $100K: $649
- $150K: $849
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