At FundedNext, copy trading is allowed between FundedNext Challenge Accounts, under specific guidelines to ensure fairness, transparency, and compliance with the platform’s policies. Please review the guidelines carefully to understand when copy trading is allowed and what constitutes a violation.
Allowed Copy Trading Practices
Copy Trading Between Your Own FundedNext Challenge Accounts
FundedNext allows copy trading between multiple FundedNext Challenge Accounts owned by the same individual. However, the total capital allocation across all these accounts cannot exceed $300,000.
One of these accounts must be designated as the "Master" Account, while the others function as "Slave" Accounts under the same ownership.
Prohibited Copy Trading Practices
Copy Trading Between FundedNext Accounts and Other Accounts
Copy trading is strictly prohibited between a FundedNext Account and any other account, whether it belongs to the same individual or another entity. This includes accounts from other prop firms, third-party brokers, or personal accounts.
This applies whether the trades are copied manually or automatically via any copy trading tools.
Copy Trading With Other Individuals
Traders are not permitted to copy trades between accounts owned by different individuals, including family members, friends, or third parties. Engaging in account management services or participating in a “Pass Your Challenge” scheme also violates FundedNext’s policies.
Use of Third-Party Copy Trading Software (Cloud-Based Copiers)
Using external cloud-based copy trading services, such as Social Trader Tools, Traders Connect, or Duplikum, is not allowed.
Using a VPS-based trade copier is permitted, but only between a trader’s own FundedNext Challenge Accounts.
Merging FundedNext Accounts
Traders may choose to merge FundedNext Accounts instead of copy trading, and this approach allows for simplified account management.
The maximum allocation for merged accounts is $300,000, ensuring compliance with FundedNext’s policies while making trading more efficient. [Learn more about merging accounts here].
How Does FundedNext Detect Violations?
FundedNext uses both automated systems and manual reviews to detect potential copy trading violations. We monitor the following key aspects:
Identical Trades: If multiple accounts show the same entry price, exit price, lot size, symbols, or trade time.
Synchronized Trading Patterns: If multiple accounts show similar trading patterns, such as opening trades at the same time with identical parameters.
Group Trading: If several accounts show identical strategies or trades, especially if the owners of those accounts are not the same.
Consequences for Violating Copy Trading Rules
In the event of a copy trading violation, FundedNext may take actions based on the severity of the violation. This can include issuing a warning or proceeding with immediate termination of accounts.
Why Are These Copy Trading Rules in Place?
FundedNext enforces these rules to uphold fairness and maintain a level playing field for all traders. By preventing unethical practices, these measures safeguard the platform’s integrity and protect it from manipulative actions that could create an unfair advantage. Additionally, these guidelines are essential for ensuring system stability, allowing traders to operate in a seamless and efficient environment without disruptions caused by excessive or coordinated trading activities. Ultimately, these policies promote responsible trading and contribute to a sustainable ecosystem where every trader has an equal opportunity to succeed.