TL;DR: The FNL:002 12% MLL 3-Day Payout 2-Step 25K Challenge is a 2-phase CFD evaluation on a $25,000 account, available for $149.99. Both the Daily Loss Limit (4%) and Maximum Loss Limit (12%) are calculated from your initial balance. News trading and EAs are not permitted, and there is no scale-up plan. On the FundedNext Account, you receive an 85% Reward Share through a 3-Day Payout cycle.
Pricing
Account Size | Price | Maximum Accounts per User |
$25,000 | $149.99 | 5 |
Key Features of the FNL:002 12% MLL 3-Day Payout 2-Step 25K Challenge
Feature | Details |
Model | 2-Step Challenge, single $25,000 account size |
Loss Limits | Initial Balance-based: 4% Daily Loss Limit, 12% Maximum Loss Limit |
Time Limit | None |
Platforms | MT5 (Non-USA clients), Match-Trader (USA clients) |
Expert Advisors (EA) | Not allowed |
News Trading | Not allowed |
Weekend & Overnight Holding | Allowed |
Scale-Up | Not available |
Add-On / Reset / Merge | Not available |
Refund | Not available |
15% reward from Challenge | No 15% Performance Reward from the Challenge Phase |
Interview / Striking System | Not required / not applicable |
Reward Share (FundedNext Account) | 85% |
Payout Cycle (FundedNext Account) | 3-Day Payout: 3 profitable days, not necessarily consecutive |
How to Pass the Challenge Phase
To pass each phase of the Challenge, you need to complete a minimum of 2 Profitable Days, each with at least 1% in net profit ($250 on a $25,000 account), while following all account rules.
Challenge Phase Rules
Rule | Phase 1 | Phase 2 |
Account Size | $25,000 | $25,000 |
Profit Target | 8% ($2,000) | 6% ($1,500) |
Daily Loss Limit (DLL) | 4% ($1,000) | 4% ($1,000) |
Maximum Loss Limit (MLL) | 12% ($3,000) | 12% ($3,000) |
Minimum Profitable Days | 2 days (1% profit/day) | 2 days (1% profit/day) |
Time Limit | None | None |
Expert Advisors (EA) | Not allowed | Not allowed |
Weekend Holding | Allowed | Allowed |
Overnight Holding | Allowed | Allowed |
Margin Rule | None | None |
Interview Requirement | None | None |
Striking System | Not applicable | Not applicable |
Add-On / Reset / Merge | Not available | Not available |
Commission | FX & Energy: $5/lot. Metals: 0.0016%. Indices: $0 | Same |
Leverage | FX: 1:100. Metals & Indices: 1:25 | Same |
How the Profit Target works: Your target is a percentage of your $25,000 initial balance.
Phase 1: 8% x $25,000 = $2,000 in closed-trade profit
Phase 2: 6% x $25,000 = $1,500 in closed-trade profit
How Minimum Profitable Days Works: You need at least 2 days per phase where your closed profit is 1% ($250) or more.
Here is an article explaining how the profitable days work.
Refund policy: All fees are strictly non-refundable, and there is no 15% Performance Reward from the Challenge Phase, a bonus offered on some other FundedNext models but not on FNL:002.
KYC Requirement
After passing the Challenge Phase, your KYC must be approved and agreement must be signed in order to receive your FundedNext Account. To learn more about the KYC process, follow this article: Understanding the KYC Verification Process at FundedNext.
FundedNext Account Rules
Rule | Value |
Account Size | $25,000 |
Daily Loss Limit (DLL) | 4% ($1,000) |
Maximum Loss Limit (MLL) | 12% ($3,000) |
Reward Share | 85% |
Minimum Profitable Days (for Payout) | 3 days (1% profit/day), not necessarily consecutive |
Expert Advisors (EA) | Not allowed |
News Trading | Not allowed |
Merge Accounts | Not allowed |
Scale-Up | Not allowed |
Weekend Holding | Allowed |
Overnight Holding | Allowed |
Risk Rule | |
Commission | FX & Energy: $5/lot. Metals: 0.0016%. Indices: $0 |
Leverage | FX: 1:100. Metals & Indices: 1:25. |