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 seven Add-Ons: Swap-Free Add-On, Lifetime Payout 95% Add-On, No Minimum Trading Days Add-On, 150% Reward Add-On, Bi-Weekly Payout Add-On, Overall Loss Limit 10% Add-On, and Double Up Add-On.
Swap-Free Add-On:
When selecting their preferred Challenge, traders 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 a trader opts for a Swap-Free Add-On, it incurs an additional 10% fee on top of their chosen Challenge price.
For example, if traders want to purchase a Stellar 2-Step $100,000 Challenge Account priced at $549.00, once they select the Swap-Free Add-On, the price will be $604.00 (10% increase).
Lifetime Payout 95% Add-On:
The Lifetime Payout 95% Add-On is a significant enhancement that allows traders to receive a higher percentage of their earnings. When they opt for this Add-On, you are entitled to a 95% Payout of their profits.
In the Stellar 2-Step, and Stellar Lite Accounts, the initial Profit Share from the FundedNext Account starts at 80%; and for the Stellar 1-Step Account, the initial Profit Share starts at 90%. However, if your account is under this Add-On, then the lifetime Profit Share will be 95% from the FundedNext Account.
If traders opt for the Lifetime Payout 95% Add-On, it will incur an additional 25% fee for the Stellar 1-Step Account and an additional 30% fee for Stellar Lite, and Stellar 2-Step Accounts on top of their selected Challenge price.
For example, if traders want to purchase a Stellar 2-Step $100,000 Challenge Account priced at $549.00, once they select the Lifetime Payout 95% Add-On, the price will be $713.7 (a 30% increase).
A trader needs to keep in mind that, once the FundedNext Account is eligible for Scale Up, the account balance will be increased to 40% of the initial balance, and the Payout percentage will remain the same at 95%.
No Minimum Trading Days:
The 'No Minimum Trading Days' Add-On removes the minimum 5-day trading rule from the Stellar 1-Step Account, Stellar 2-Step Account, and Stellar Lite Account. This means that when a trader purchases this Add-On, they will not have to wait for 5 days to pass the Stellar 1-Step, Stellar 2-Step, and Stellar Lite Challenges.
If traders opt for the 'No Minimum Trading Days' Add-On, it will incur an additional 25% fee for Stellar 1-Step, and Stellar 2-Step Accounts and an additional 20% fee for Stellar Lite Accounts, on top of their selected Challenge price.
The Add-On is applicable only for the following accounts:
Stellar 1-Step: $6,000, $15,000, $25,000
Stellar 2-Step: $6,000, $15,000, $25,000
Stellar Lite Account Models
For example, if a trader wants to purchase an Stellar 2-Step $15,000 Challenge Account priced at $119, once they select the 'No Minimum Trading Days' Add-On, the price will be $148.75 (a 25% increase).
150% Reward:
If a trader purchases the 150% Reward Add-On, upon passing the Challenge, they will receive 150% of the subscription fee as a Reward Bonus at the time of their first payout, upon request. This Add-On applies to Stellar 1-Step, and Stellar 2-Step Accounts.
For example, if a trader wants to purchase a Stellar 2-Step $50,000 Challenge account priced at $299.00, once they select the 150% Reward Add-On, the price will be $328.9 (a 10% increase).
Bi-Weekly Payout:
The 'Bi-Weekly Payout' Add-On enables a trader to bypass the initial 21-day Trading Cycle associated with the Stellar 2-Step Accounts and the Stellar Lite Accounts. This means that when a trader opts for this Add-On, they are not required to wait for 21 days before requesting a Payout from the Stellar Lite, and Stellar 2-Step FundedNext Accounts. Instead, a trader can request a Payout every two weeks (14 days) with this Add-On.
If traders opt for the 'Bi-Weekly Payout' Add-On, it will incur an additional 25% fee for Stellar 2-Step Accounts and an additional 15% fee for Stellar Lite Accounts, on top of their selected Challenge price.
The Add-On applies exclusively to the following Account Models:
Stellar 2-step: $6,000, $15,000, $25,000
All Stellar Lite Account Models
For example, if a trader wants to purchase an Stellar 2-Step $15,000 Challenge account priced at $119.00, once they select the 'Bi-Weekly Payout' Add-On, the price will be $148.75 (a 25% increase).
Overall Loss Limit 10% Add-On:
The Overall Loss Limit 10% Add-On, traders can take more risk while trading in the long run. However, traders must keep in mind that this Add-On is only applicable to the Stellar Lite Model. Which means this Add-On will increase the total Overall Loss Limit of a trader to 10%.
This Add-On will cost the trader 25% more of the base price of the Account, which means traders will have to pay 25% extra for this Add-On. As mentioned, this can only be added to the Account during purchase of the Stellar Lite Challenge.
For example, if a trader purchases a Stellar Lite $50,000 Challenge Account priced at $229.00, once they select the 'Overall Loss Limit 10%' Add-On, the price will be $286 (a 25% increase).
Double Up Add-On:
The Double Up Add-On provides traders with the opportunity to purchase two identical accounts and receive a 60% discount on the second account.
Eligibility & Conditions:
The trader needs to pass the Challenge Phase first. A second Challenge Account will be provided only when the trader reaches the FundedNext Account of the purchased account.
Traders will not be able to reset the second Challenge Account.
Traders will not be able to merge the second FundedNext Account they receive upon successfully completing the second Challenge Account.
The second Challenge Account will be a default FundedNext Challenge Account.
For example, if a trader acquires a Stellar 2-Step $100,000 Challenge Account with any Add-On, the second Challenge Account that he will receive after passing the Challenge phase will have the default account with no Add-Ons.
In the event that traders choose to include the Double Up Add-On, an extra 40% fee will be applied in addition to the chosen Challenge price. However, traders can get a maximum allocation of $600,000 in case of purchasing Accounts with Double Up Add-On.
For example, if a trader purchases a Stellar 2-Step $50,000 Challenge account priced at $299.00 and selects the Double Up Add-On, the total price will be $418.60, reflecting the 40% increase.
The Add-On can only be added to the Account during the purchase of the Challenge and is applicable to all accounts.
Additional Considerations:
Pricing: If you select multiple Add-Ons, the price will increase cumulatively. For example, for Challenge accounts with balances of $6,000.00 and $15,000.00, opting for both the No Minimum Trading Days Add-On and Bi-Weekly Payout Add-On will result in a price increase of 25%.
Reset Criteria: In the case of the Double Up Add-On, traders will have to pay the initial amount of the Account Price for Reset (with a 10% discount).
Reset Fees: For accounts with the Add-On, Reset fees are calculated based on the total price, with a 10% discount for Stellar Lite, Stellar 1-Step, and Stellar 2-Step Accounts.
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.