TL;DR: FundedNext competition accounts are not Challenge Accounts. To win, you must achieve the highest account growth within the 1-month trading period while following all trading rules. The top performers by percentage growth win cash prizes and Stellar Lite Challenge Accounts.
The FundedNext Monthly Trading Competition is a unique opportunity to showcase your trading skill in a simulated environment, without the need to meet profit targets or follow consistency rules that may be required in a Challenge Account.
This is not a traditional evaluation or challenge. Instead, the goal is simple:
Grow your account more than everyone else while staying within the rules.
Competition Basics:
Account Type: $100,000 Competition Account
Duration: 1 month (Starts on the first working day of each month)
Goal: Highest account growth (by % gain)
Winners: Ranked by total percentage gain at the end of the month
Rules: All platform rules apply (e.g., max position limit, no HFT, copy trading ban)
How Winners Are Selected:
Traders are ranked purely based on net account growth (after considering losses, open trades, etc.).
To win:
Avoid major losses
Respect all platform rules
Trade consistently and manage risks wisely
Key Trading Rules to Remember:
Max 5 open positions at a time
Max 5 lots for FX
Max 3 lots for Indices, Commodities, Metals
No Copy Trading, HFT or Tick Scalping
Respect Daily and Maximum Loss Limits
Pro Tips to Win:
Prioritize Risk-Reward: Target setups with high reward-to-risk ratios.
Be Emotionally Disciplined: Don’t overtrade or chase losses.
Use Partial Profits: Lock in growth and reduce pressure.
Avoid Rule Breach: Even with great growth, a rule violation can disqualify you.