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 five add-ons: Swap-Free add-on, Lifetime Payout 95% add-on, No Minimum Trading Days add-on, 150% Reward add-on, and Bi-Weekly Payout add-on and Increase Drawdown Limit by 2%.
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).
Lifetime Payout 95% 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, Stellar, and Stellar Lite 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 10% fee for the stellar 1-step account, a 20% fee for Evaluation and Stellar 2-step accounts, and an additional 30% fee for Stellar Lite and Express 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%.
No Minimum Trading Days:
The 'No Minimum Trading Days' add-on removes the minimum 5-day trading rule from the Evaluation, Stellar and Stellar Lite Accounts. This means that when a trader purchases this add-on, they will not have to wait for 5 days to pass the Evaluation, Stellar and Stellar Lite Challenge.
For example, if you want to purchase an Evaluation $100,000 Challenge account priced at $549.00, once you select the 'No Minimum Trading Days' add-on, the price will be $631.35 (15% increase).
150% Reward:
If a trader purchases the 150% Refund add-on, upon passing the challenge, they will get a 150% subscription fee refund at the time of the first payout. This add-on applies to Evaluation, Express, Stellar 1-Step, and Stellar 2-Step Accounts.
For example, if you want to purchase an Express $50,000 Challenge account priced at $299.00, once you select the 150% Refund add-on, the price will be $328.9 (10% increase).
Bi-Weekly Payout:
The 'Bi-Weekly Payout' add-on enables a trader to bypass the initial 28-day trading cycle associated with the Evaluation and Stellar 2 Step Accounts and the initial 30-day trading cycle associated with the Stellar Lite Accounts. This means that when a trader opts for this add-on, they are not required to wait for 28 days or 30 days before requesting a payout from the Evaluation, 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 you opt for the 'Bi-Weekly Payout' add-on, it will incur an additional 10% fee for the Stellar Lite, Evaluation and Stellar 2-Step Accounts on top of your selected Challenge price.
For example, if you want to purchase an Evaluation $50,000 Challenge account priced at $299.00, once you select the 'Bi-Weekly Payout' add-on, the price will be $328.9 (10% increase).
Increase Drawdown Limit by 2%
The 'Increase Drawdown Limit by 2%' add-on is exclusively for the Stellar Lite Account. This add-on will allow the traders to increase the overall loss limit by 2%. This means that when a trader purchases an account with this add-on, they will have an overall drawdown limit of 10% instead of 8%.
If you opt for the 'Increase Drawdown Limit by 2%' add-on, it will incur an additional 25% fee for all the Stellar Lite Accounts on top of your selected Challenge price.
For example, if you want to purchase a Stellar Lite $50,000 Challenge account priced at $229.00, once you select the 'Increase Drawdown Limit by 2%' add-on, the price will be $286.25 (25% 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 Lite, 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.