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NextStep Funded presents a distinctive platform for traders, offering a risk-free opportunity to access ongoing challenges and retain up to 80% of the profits made. It caters to both experienced and rookie traders, creating a community where they can discuss market strategies and stay updated with the latest announcements. The platform’s structure is straightforward and user-friendly, involving three simple steps: selecting and purchasing a challenge, passing the challenge along with an identity verification process (KYC), and finally, trading with a funded account while adhering to established rules.
The challenges NextStep Funded
The challenges offered by NextStep Funded are designed to fit various trading levels and interests. They include options for both One Step and Two Step Challenges with different account sizes ranging from $15,000 to $200,000.
- One Step Challenge:
- Account Sizes: Ranges from $15,000 to $200,000.
- Trading Conditions: Requires a minimum of 3 trading days, with a maximum time limit of 60 calendar days.
- Drawdown and Loss Limits: Daily drawdown is capped at 5% ($750), with a maximum loss limit of 12% ($1,800).
- Profit Targets and Sharing: The target for profitability is set at 10% ($1,500), with a profit split of 80% to the trader.
- Additional Rules: Includes specifics like the Lot Size Consistency Rule, a profit cap of 5% for the first two months, and requirements for stop loss/take profit (SL/TP). News trading is allowed, and a refund policy is in place.
- Two-Step Challenge:
- Account Sizes: Also range from $15,000 to $200,000.
- Trading Conditions: The first phase requires 5 minimum trading days within a 30-day limit, followed by another phase with a 60-day limit.
- Drawdown and Loss Limits: Similar to the One Step Challenge, with a 5% daily drawdown and 12% maximum loss limit.
- Profit Targets and Sharing: The first phase has a 10% target ($1,500), while the second phase has a 5% target ($700). Profit sharing goes up to 80%.
- Additional Rules: Includes similar rules as the One Step Challenge, with a few variations in profit caps and the Lot Size Consistency Rule applicable in the first two months of both phases.
The platform is the brainchild of Prop Solutions FZE-LLC, with a mission to empower skilled traders by providing capital and an environment conducive to success in FX prop trading. Their approach combines elements from various competitors to enhance the client experience.
Payout Certificate
1 Step
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Platforms (Metatrader 4/5)
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Platforms (Metatrader 4/5)
Trading Platforms
The team at NextStep Funded is a blend of experienced professionals from the trading and management sectors. This depth of experience ensures that every aspect of the client experience is well-managed and continuously improved.
Their global presence, with operations and team members spread across multiple continents, and a finance and reviews division based in Australia, allows for a broad understanding of various markets and regulatory environments. This global footprint is leveraged to stay current with trends and developments in the industry, aiming to keep NextStep Funded at the forefront of empowering traders.
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What are the different challenges offered by Next Step Funded?
NextStep Funded offers two main types of challenges: the One Step Challenge and the Two Step Challenge, with account sizes ranging from $15,000 to $200,000. These challenges have specific trading conditions, including minimum trading days, maximum calendar days, drawdown limits, loss thresholds, and profit targets.
How does profit sharing work with Next Step Funded?
Traders who successfully pass the challenges and trade with a funded account can keep up to 80% of the profits they make. The specific terms, including profit targets and split percentages, are outlined in the challenge details.
What are the rules and requirements for participating in the challenges?
Participants are required to adhere to rules such as minimum and maximum trading days, drawdown and loss limits, and profit targets. Additionally, there are rules like the Lot Size Consistency Rule, Profit Cap, 50% Rule, and requirements for SL/TP positions. News trading rules and refund policies are also specified.
Can I trade anytime and hold trades over the weekend with Next Step Funded?
Yes, NextStep Funded allows traders to trade anytime and hold trades over the weekend, offering flexibility to accommodate various trading
What is the process for getting started with Next Step Funded?
To get started, traders need to select and purchase a challenge that suits their goals, pass the challenge, and undergo an identity verification process (KYC). After successful verification, they can
Conclusion
In summary, Next Step Funded appears to be a well-rounded and globally integrated platform, offering varied trading challenges designed to suit traders at different stages of their careers. Their focus on continuous improvement and understanding of global market trends positions them as a potentially valuable partner for traders seeking to leverage their skills in the forex prop trading market.
Risk Warning: It’s essential to remember that trading involves risk, and the content on the ProdanAdvisor website is for general information only. The service and company website are provided on an “as-is” basis and without warranty of any kind.
