The add-on feature in FundedNext's new Challenge purchase is an optional enhancement that traders can choose to apply to their trading plan. This feature is designed to provide greater flexibility and potential benefits to our traders.
FundedNext is offering three add-ons: Swap-Free add-on, 95% Lifetime Payout add-on, and Stellar 1-Step weekly payout add-on
Swap-Free Add-On:
When selecting your preferred Challenge, you have the option to choose between a swap or swap-free add-on.
Swap Account: A swap account in forex trading involves the interest that is paid or earned for holding a position overnight.
Swap-Free Account: A swap-free account is designed for traders who do not want to earn or pay interest for holding a position overnight.
If you opt for a swap-free add-on, it incurs an additional 10% fee on top of your chosen Challenge price.
For example, if you want to purchase a Stellar 2 Step $100,000 Challenge account priced at $519.00, once you select the Swap Free add-on, the price will be $571.00 (10% increase).
95% Payout Add-On:
The 95% payout add-on is a significant enhancement that allows traders to receive a higher percentage of their earnings. When you opt for this add-on, you are entitled to a 95% payout of your profits.
In the Evaluation and Stellar accounts, the initial profit share from the FundedNext account starts from 80%, and for the Express account, the initial profit share starts from 60%. However, if your account is under this add-on, then the lifetime profit share will be 95% from the FundedNext account.
If you opt for the 95% payout add-on, it will incur an additional 20% fee for Evaluation and Stellar Challenge accounts, and an additional 30% fee for Express Challenge accounts, on top of your selected Challenge price
For example, if you want to purchase a Stellar 2 Step $100,000 Challenge account priced at $519.00, once you select the 95% lifetime payout add-on, the price will be $622.80 (20% increase).
You need to keep in mind that, once your FundedNext account is eligible for Scale Up, your account balance will be increased to 40% of your initial balance, and your payout percentage will remain the same at 95%.
Stellar 1-Step Weekly Payout Add-On:
This Stellar 1 Step add-on allows you to receive your payout on a weekly basis, offering faster access to profits and keeping motivation high with regular rewards.
Designed for efficiency and convenience, this add-on comes with a 20% price increase for the Stellar 1-Step Challenge account. It's an ideal choice for traders seeking more frequent payouts to complement their trading strategy.
For example, if you want to purchase a Stellar 1 Step $100,000 Challenge account priced at $519.00, once you select the Stellar 1-Step weekly payout add-on, the price will be $623.00 (20% increase).
Additional Considerations:
Pricing: If you choose multiple add-ons, then the price will increase cumulatively.
Reset Fees: For accounts with the add-on, reset fees are calculated based on the total price, with a 10% discount for Evaluation, Stellar 1, and Stellar 2 Step, and a 20% discount for Express.
TopUp: For Express Challenge accounts, there's a 25% discount on the total price for TopUp.
In summary, the add-on feature in FundedNext's new Challenge purchase offers enhanced payout options and account customization, allowing traders to tailor their trading experience to their specific needs and preferences with FundedNext.