1. What happens if a trader's Evaluation Phase 1 cycle ends with no profit?
The account will be breached (“in this case”, a hard “breach”) and the trader will need to pay “reset” fee to reset their account to continue trading again.
2. What happens if a trader ends the Evaluation P1 cycle with a profit but not reaching the overall target? How does the retake process work in that case?
If a trader reaches the profit target, then they will move to Phase 2. However, if the profit made is less than the profit target, the trader will get a free retake instead.
Retake and Extension: For the free retake to work, traders need to meet the minimum trading days requirement and end the cycle with profit. To get the extension of 14 calendar days or 10 trading days in Phase 1 of the Evaluation Account, traders need to achieve at least 5% profit of their initial account balance before the last 3 trading days of their trading cycle in Phase 1.
3. What happens if a trader’s 4-week trading cycle ends with no profit in the Express Challenge Account?
If a trader’s trading cycle ends in a loss in any Express Challenge Accounts but meets the 10 minimum trading days, then the account will remain active with the same balance, and the equity and trading cycle will be updated. The daily loss limit will be reset as normal; however, the monthly loss limit will not be reset and will remain the same.
4. What happens if a trader’s 4-week trading cycle ends with a profit in the Express Challenge Account?
If a trader finishes the 4-week trading cycle with a profit and meets the profit target (25% of the initial account balance) in the Express Challenge Account, the trader will need to complete FundedNext's KYC verification process. Once their documents are verified and approved, they will be eligible to request a payout, and their Challenge Account will be reset to its initial balance for the next trading cycle.
5. What happens if a trader breaches the Consistency Rule in the Express Account?
If a trader breaches the Consistency Rule in the Express Account, the profit earned during that cycle will not be counted. As a result, the account balance will be reset to its initial amount.
6. What happens if a trader's FundedNext Account is not in profit at the end of their trading cycle?
If a trader’s FundedNext Account is not in profit at the end of the first trading cycle, the cycle will not end. Instead, an additional 21 days will be added to the trading cycle on the last day of the initial 21-day period.
For Stellar 1-Step Accounts, an additional 5 business days will be added to the existing trading cycle, and this extension will continue in 21-day or 5-day increments until the trader's account is in profit at the end of a cycle. The first trading cycle will only conclude when the trader’s account is in profit by the end of the trading cycle.
For accounts that achieve profitability and meet the payout criteria by the end of the first trading cycle, the next trading cycle will transition to a biweekly (14-day) schedule, and for Stellar 1-Step Accounts, it will remain 5 days.
For the ongoing trading cycles, if the trader is unable to be profitable at the end of their 14-day trading cycle, an additional 14 days will be added to their trading cycle, and for Stellar 1-Step Accounts, it will remain 5 days.
Example 1:
If you have a Stellar 2-Step 100K FundedNext Account and incur a $2,000 loss during your first trading cycle, the cycle will not end after 21 days. Instead, an additional 21 days will be added, allowing you to recover losses. Your trading cycle will continue in 21-day increments until you close a cycle in profit and qualify for a payout, ensuring that the first cycle does not transition to a biweekly schedule until profitability is achieved.
Example 2:
If you have a Stellar 2-Step 100K FundedNext Account and earn a $2,000 profit in your first trading cycle, you will be eligible to request a payout. Once a payout request is made, your next trading cycle will be biweekly (14 days). If you incur a loss in a subsequent biweekly cycle, the cycle will remain biweekly, and an additional 14 days will be added to your trading cycle.
Example 3:
If you have a Stellar 1-Step 100K FundedNext Account, your trading cycle is always 5 days. If you end a 5-day cycle in profit and request a payout, your next trading cycle will still be 5 days. If you end any cycle in loss, an additional 5 days will be added to your trading cycle. Your trading cycle will continue in 5-day increments until you close the cycle in profit.
It’s important to note that if a trader exceeds the Daily Loss Limit or Overall Loss Limit, their account will not continue into the next trading cycle.
7. What happens if a trader's FundedNext Account is in profit at the end of their trading cycle?
If a trader's FundedNext Account ends with a profit at the end of their trading cycle, the account will be reset to its initial balance for the next trading cycle. Now, the trader is eligible for the payout and can easily request this payout directly from their dashboard.
8. What happens if a trader's FundedNext Account has a running trade at the end of their trading cycle?
FundedNext does not currently offer Swing trading accounts, and the status of open trades at the end of a trading cycle depends on the account’s balance. If an account ends the cycle in profit, all trades will be closed, the balance will be reset to the initial amount, and the trader will be eligible to withdraw the profit. However, if the trading cycle ends in a negative balance with running trades, all trades will be closed automatically, and the cycle will be extended with the negative balance.
9. Impact of News Time Rule on the trading cycle
The News Time Rule affects how the trading cycle progresses when news trades are involved. If an account is in profit at the end of the trading cycle but includes trades that violate the News Time Rule, the following process will be applied:
The 40% profit deduction rule will be applied to the profitable trades executed during the restricted timeframe. If, after the deduction, the account balance falls below the initial account balance (resulting in the cycle ending in a loss), the next trading cycle will start with the initial account balance.
If the account remains in profit after the deduction, clients can request a payout, and the next trading cycle will transition to a 14-day duration.
Example:
A trader with a Stellar 2-Step 100K FundedNext Account ends their 21-day trading cycle with a $3,000 profit. However, they executed trades during restricted news times, and after applying the 40% deduction, their final balance drops below $100,000. Since this results in a net loss compared to the initial account balance, the next trading cycle will start with the initial balance of $100,000, and the next cycle will be 14 days.
This ensures that traders adhere to the News Time Rule while maintaining fairness in the new trading cycle system.
For a detailed breakdown of the News Trading Profit Policy, check out our Is News Trading Allowed at FundedNext? FAQ.
Please note that, effective March 18th, 2025, we no longer offer the Express and Evaluation model to our new clients. Existing clients currently using this account plan will continue to have access as usual. For more details, please click here.