- Evaluation 2-Step (standard): +10% then +5%, with 10% drawdown and 5% daily loss.
- Express: same rules but with no time limit, on a monthly royalty model.
- Stellar 1-Step: +10% in a single phase, 6% drawdown, 3% daily loss.
- Stellar 2-Step: an improved Evaluation track with 8% drawdown.
FundedNext runs multiple evaluation formats in parallel, which is unusual in the industry. In practice, that means the rule sheet you face depends entirely on which product you pick.
Evaluation (Standard 2-Step)
| Phase 1 | Phase 2 | |
|---|---|---|
| Target | +10% | +5% |
| Max drawdown | 10% | 10% |
| Daily loss | 5% | 5% |
| Minimum days | 5 | 5 |
Stellar 1-Step
- Target: +10%.
- Max drawdown (max equity decline): 6%.
- Daily loss: 3%.
- Stricter overall, but compressed into one phase.
Funded account
After passing, the funded account terms are:
- 80% profit split, scaling to 90% — and up to 100% under the 100% Plan.
- 14-day payout (withdrawal of profit shares) cycle.
Prohibited practices
By contrast with retail brokers, the following are not allowed:
- HFT (high-frequency trading, sub-second activity).
- Hedging across accounts.
- Copy trading from external signals.
- Arbitrage strategies.
- Trading during major news-release windows on some plans.
In short, the Stellar 1-Step is faster but unforgiving on drawdown, while the Standard 2-Step is closer to FTMO’s template. Pick the format that matches your risk profile, not just the cheapest one.