Fundednext.com Review: A Dirty Scam (Avoid)
Fundednext.com is the new “fund my trading account for free” scheme. The so-called proprietary trading company is supposedly funding promising traders worldwide. In fact, they want to give $200,000 of free trading money if students pass two trading tests, one on the demo account and the other on a live account. FundedNext further claims that they are paying traders 15% of “profit” from a demo account — a claim that is obviously making no sense. Furthermore, victims of this scam must pay an “assessement fee” upfront ….. (or whatever they call it) to start trading on a simulator. They must not violate any rules or else they risk paying additional fees if their account is reset.
The question is — can we trust these guys? And why is it so difficult for traders to start small with these trading systems and have the patience to build their account gradually instead of chasing elusive dreams? Obviously we can’t trust them because they are charging fees to use a practice account. They claim that the upfront fee is refundable but if you break even one rule, you forefeit your money. No refunds. That means there is more than meets the eye. FundedNext is basically preying on the greed of under-capitalized traders by asking them to spend anywhere between $99 to $999 to get funding and profit splits. The company is not considering it a big deal giving you 90% of the profits. Just give them a portion of your profits and don’t break the rules.
FundedNext Review: Shocking details
All of these supposed proprietary trading companies are operating using the same formula that puts traders at risk of losing the money they paid in assessement fees. You can be sure that FundedNext is just a new addition into the long list of “fund my trading account for free” scams. So if you come across BuoyTrade, UProfit Trader, Funded Trading Plus or FTMO run.
The FundedNext.com website is new as it surfaced on the web in March of 2022. However, the domain has been up for sale since 2018. The reason for starting a website using old domains is because scammers always want to feign reputation, as something that has existed on the web for at least 5 years can be considered fairly reputable.
The company behind FundedNext is called Next Ventures. These folks are operating out of United Arab Emirates, US, UK and South East Asia. The website also states that they have a team of 96 professionals.
What they’re offering traders is extremely tempting as under-funding is one of the biggest hurdles on a trader’s journey to success. If you want to sign up for the “free trading money”, you should know that nobody is going to give you free money for trading. You must pay fees upfront and you will be sent to trade on a demo account still.
It is quite absurd that the company is making money through this fraudulent means and also turning consumers into victims by charging additional fees for “resetting trading accounts”. Chances of getting a refund will be slim because I believe plenty of trades who get into these schemes always break the rules.
The reason FundedNext is offering you a shitty deal is because after paying them a fee, you will be desperately trading and hoping to win back your fees. After all, refunds are only possible after 10 successful trades in any given month.
The allure of a 90% profit split is just too sweet. Traders don’t get to see what’s in it because they are blinded by the promise of trading a 200K account. Traders are desperately paying the fees to trade this account size.
FundedNext and why it’s a scam
I just ask myself how some people are not considering this kind of scheme a big fat scam. The marketing gimmick is designed to take advantage of the less fortunate.
The company is even advertising on Google and in PR websites to get the attention of the financially desperate. But how could people be so silly to fall for a bullshit “fund my account for free” scam?
Go and read the fine print and get to understand what this is. Furthermore, FundedNext is a very new company and we don’t have any real user reviews just yet. How then can people believe a company that does not have any customers of their product or service?
The Conclusion
It is such a sad state of affairs to see people running towards these supposed prop trading firms in hopes of getting funded.
One thing with the internet is that if you are desperate, you will be scammed. If somebody wants to pay you 15% of profits from a simulator, where do you think the money is going to come from?
The scam is betting on you to lose so that they make money. That is how Fundednext is running the scheme.
At least they are honest enough to disclose that they’re using a broker called EightCap. EightCap is happy to collaborate with the scammers because it is sort of a symbiotic relationship — bring me customers, I provide a trading platform and we make money.
A lot has been said. So I want to close this review and thank you for reading. It’s been real. I hope you will write your comments below (if you have an experience with this company or any other prop trading firm).
Doofen Shirmtz
You basically said all prop firms are scams. What do you in turn suggest for undercapitalised traders? How would you shamelessly call the profit payouts which are changing lives a scam? People who take up prop firm challenges and get paid, get paid because they have got the skill, they’ve sweated for to learn and acquire.
This whole article is a desperate ploy for attention.
Tk
Hmmmm if they pay so we’ll once started training, why not train first. Free. They ask for a lot and a lot don’t make nothing. Good warning, but especially, why use a corporation from United Arab emigrates. Yes, they have field offices, but if you pay. Just open a account and try trading yourself. Take a real class or try what you can afford to lose. Heck, your making the money, but their laundering it. I would not risk going to jail for a scam, if you like it just send them a Walmart Visa card it’s the same as the elderly scams by phone, just hitting the mid age because you use computer. Congratulations and good luck in your trades. But nobody give anybody $200,000 wake up
Billy Dingle
They don’t actually give you a literal $200 000 they allow you to trade an account worth up to $200 000 what ever you make in a trade the pay you 95 % of the profits. All the large institutions do this on a regular basis where by they actually pay a trader to trade their accounts for them, it has been found traders are much more successful trading other peoples money as there is less emotion involved. The might give a trader a $1 000 000 account whereby the must make a certain return, the trader also recieves bonus for meeting certain profit levels per day or per week. So there is nothing new about this system. I would however question any company that want to charge you a fee, as you say one should simply trade a demo account first prove they have the ability to make money, then be granted a certain amount of money to trade where if you continue to meet targets your granted a larger trading account to use. Everone’s a winner.
Ikenna
Very True. Huge Scam
OSAs osas
Ikenna , why do U say so
samuel obulutsa
Wish any of the funded traders can give us the investor details for verification…how was the challenge evaluated,his performance and progress so far..It sounds good but risky.Thats how these firms and brokers make their money through the fees
A $1m fundenext trader
This whole article is fallacious. Funding companies are no scam. In business someone has to lose for you to make money basic value creation in exchange for consumerism, the whole crux of capitalism. Obviously if you have the skill of trading and practise good risk management theres no way you will fail. speaking as a funded trader who has received 2 payouts from fundednext. The problem arises when unskilled traders like yourself run to these things thinking youll get rich over night, it takes sweat blood and tears just like anything worthwhile in life. stop misleading people, if you have failed which you most probably did then dont use that negative energy to manipulate and mislead people. Go and learn how to trade and then try again.
George Dion
Thank you for responding to this inaccurate piece about Funded Next. There are a ton of legit prop firms providing a platform for underfunded “educated” traders to earn an income. In the mix you will always find one or two scammy companies which do not last too long. Good luck on your trading journey. I’m about to join the Funded next challenge as well. Cheers
ROFHIWA SENGANI
good day.i would like to know if you indeed joined fundednext if you did what is your experience with them
Fhulu
Hey don’t
Ndi scam. Someone I know recently got scammed
They did the challenges and just a week before they were told that they have violated some rules and those rules weren’t mentioned in the start and they stopped replying to the emails
George Dion
To the author of the “hit piece” on Funded Next Prop Firm,
Have you done any due diligence on this Company? i.e have you contacted the Directors to find out anything? Has one person come forward and verified that they have been scammed? If you do not have evidence against this firm you need to tread with caution. Trying to ruin a Companies reputation with no evidence can result in litigation against you. If you want to investigate a Company that may be scamming people look into Blue Guardian Capital. Check out this You Tube video posted by one of their traders. Cheers https://www.youtube.com/watch?v=9ItbHc-gTJo
M. White
This review is totally irresponsible.
The success rate of passing the assessment phases to get a real funded account is relatively low, registration fees are definitely one source of income for the prop firm.
The low success rate is due to the traders’ skills and has nothing to do with the prop firm.
I have traded for Fundednext for 5 months now. Payouts are always on-time. The responses of their support teams are always quick and helpful.
Their terms are better than any other prop firms. I have no doubt that they will become a leader eventually.
algrace
I have not traded with them. But the review lacks facts and evidence of any particular case of a scam. It is irresponsible to make such sweeping baseless reviews. If you have some proven cases of scam, then state them clearly.
Jean-Pierre
What a baseless review. I read it hoping to find a bit of value in it and am always open to new information and suggestions but this is a really shallow, baseless and resentful piece which just adds to the clutter on the internet.
MD SM Shamim
Hello Trader,
This is Rahat from FundedNext.
We have found you were trading during the high-impact news, which is not permitted according to our rule.
Account Number: 90008796
Here is the ticket number:
10969443
10958170
Please get in touch with your account manager about this.
Regards,
Rahat
FundedNext Support Team
************
As long as we lose money on fundednext there is no problem you are allowed to do anything you want. But once you pass the insane profit target then they will make excuses. In their marketing, they said you will get a refund and a 15% return from your demo phase but this is a lie. There are more conditions that apply once you get their real account. In my robot, I tested with 0.01 trade and it makes some trade which is very small and there is no huge profit or loss. It’s like 0.78 USD now they pause my account and said I violated their rules. Alright at least they can refund the fee and the demo phase 15% profit but no. There will be no pay. I am curious is there any real person trading with them? If anyone makes a trade with them please reply this review thanks!
TheAdmin
This is why we always tell and warn you against “funded trading accounts” as none of them are legit
farhan
Sold to me as a way of earning passive income so far this Software has lost me over 8% in losses and over-heads required to run this software in the last 4 months.
Paid over $50K for software that gives me an 8% loss over 4 x months equates to an annualized loss of 24% pa.
john
Stay clear from scam platforms, i was lured by an Asian lady to deposit a huge sum of money but when it was time to withdraw i was declined. do not deposit!! I reported the scam to mychargeback for more info. I used their recovery service to recoup my funds.
sitting duck
FundedNext are a bunch of filthy scammers from Dhaka, Bangladesh. Even you could open such a prop-firm for couple of thousand dollars, there are readymade services/dashboards on sale for that, just like opening up a goddamn MT4 whitelebel broker.
Admin is right! No free lunch continues!
Jon Pham
This is just a random article with no foundation or evidence of any sort to back up the claim. It’s a shame you call yourself a trader and blogger!
Franz Brandenberger
I believed the good reviews (that are probably bought) and took part in their challenge. To be on the safe site, I set my risk to a maximum of 1 percent. However on my third trade my SL was hit way before it even reached that price, but even worse, with a slippage of over 100 percent (compared where the SL was set that should not even been hit in the first place). So this caused a huge loss and they immediately closed my account, sending me a email about a hard breach of their account. I have done nothing wrong, my stop loss was far from reached and the slippage was insane. Anybody need proof of that, feel free to contact me. I wrote them two times for clarification and recieved no answer. I have the proof of their illegitimate stop loss black on white. Be aware, if you go with this firm, there is a huge risk that they steal your money. The broker they use have lots of bad reviews about huge slippage and illegitimate hitten SLs as well, check out reddit. If you don’t want to loose your money, I highly recommend using a more reputable prop firm such as FTMO. If you want the worst customer support (meaning NO support at all) and loose your hard earned money, feel free to go with FundedNext.