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 eight Add-Ons: Swap-Free Add-On, Lifetime Reward 95% Add-On, No Minimum Trading Days Add-On, 150% Reward Add-On, Bi-Weekly Reward Add-On, Maximum Loss Limit 10% Add-On, Double Up Add-On, and On-Demand Rewards 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).
On-Demand Rewards Add-On
When you purchase this Add-On during your Challenge Phase, you unlock a bundle of significant benefits for your trading journey:
On-Demand Performance Rewards: Request your Reward Share on any day once you meet the eligibility criteria.
95% Reward Share: Increase your Reward Share to 95% from your very first Reward on the FundedNext Account.
40% Consistency Rule: Applies specifically to your FundedNext Account.
Traders with this Add-On do not have to wait for a fixed schedule to request their Performance Reward. Once you have transitioned to a FundedNext Account, you can request a Performance Reward at any day, provided the profit on your FundedNext Account is at least 2% of your initial account balance while maintaining the 40% consistency rule.
Once your request is submitted, rewards are processed and disbursed within 24 hours, ensuring you have quick access to your Reward Share.
Understanding the 40% Consistency Rule
The On-Demand Rewards Add-On includes a 40% Consistency Rule that applies specifically to the FundedNext Account. This rule ensures that your trading performance is balanced rather than being reliant on a single trade or day.
The Rule: Your best trading day's profit should not exceed 40% of your total generated profit; this is not a daily profit cap, it only applies at the point of your on-demand reward request.
Example:
On a $50,000 Stellar 2-Step FundedNext Account, suppose you have a total profit of $2,000. This meets the minimum 2% account growth requirement ($1,000) needed to request a Performance Reward.
Day 1: $500 profit
Day 2: $750 profit
Day 3: $750 profit
Your best day ($750) is 37.5% of your $2,000 total, below the 40% threshold, meaning you are fully compliant and eligible to request your Performance Reward.
Which account types can use this add-on?
The On-Demand Rewards add-on is available for Stellar Lite, Stellar 1-Step, and Stellar 2-Step accounts.
What is the cost of this add-on?
This add-on is optional and can be selected during the checkout process for an additional 5% of the account's base registration fee.
When can I make my first request?
You can request your Performance Reward on any day your FundedNext Account has grown by at least 2% of the initial balance and you have maintained the 40% consistency rule. Once your request is submitted, rewards are processed and disbursed within 24 hours, ensuring you have quick access to your Reward Share.
What if I can not maintain the 40% consistency rule?
Maintaining the 40% consistency rule is required to be eligible for a Performance Reward request when using the On-Demand Rewards Add-On.
If you are unable to maintain the 40% Consistency Rule by the end of your trading cycle, the following will apply:
If your account is in profit: Your trading cycle will be extended, giving you the opportunity to continue trading and meet the consistency rule before submitting a reward request.
If your account is not in profit: Standard account conditions will apply. To learn more about what happens to an account at the end of a trading cycle, please refer to this article.
Final Important Points
You will not be able to submit a Performance Reward request until the 40% Consistency Rule is met, regardless of your account's profit level.
If you are eligible for an On-Demand Reward but choose not to request it, your trading cycle will continue to extend. The cycle will only conclude once you submit your reward request.
If you become eligible for an On-Demand Reward but do not request it and subsequently break the consistency rule, your cycle will be extended until you are eligible to request an On-Demand Reward again.
In short, if you have purchased the On-Demand Rewards Add-On, requesting the On-Demand Rewards is the only way to conclude your trading cycle. There are no alternative options available to request the Performance Reward from your account.
Lifetime Reward 95% Add-On
The Lifetime Reward 95% 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% reward share of their profits.
In the Stellar 1-Step, Stellar 2-Step, and Stellar Lite Accounts, the initial Performance Reward from the FundedNext Account starts at 80%. However, if your account is under this Add-On, then the lifetime Reward will be 95% from the FundedNext Account.
If traders opt for the Lifetime Reward 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 Reward 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 reward share 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 Refundable Fee at the time of their first/third Reward, 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 Reward
The 'Bi-Weekly Reward' 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 Performance Reward from the Stellar Lite, and Stellar 2-Step FundedNext Accounts. Instead, a trader can request a Performance Reward every two weeks (14 days) with this Add-On.
If traders opt for the 'Bi-Weekly Reward' 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 a Stellar 2-Step $15,000 Challenge Account priced at $119.00, once they select the 'Bi-Weekly Reward' Add-On, the price will be $148.75 (a 25% increase).
Maximum Loss Limit 10% Add-On
The Maximum 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 Maximum 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 'Maximum 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 Reward 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 Performance Reward or payout options and account customization, allowing traders to tailor their trading experience to their specific needs and preferences with FundedNext.