Two of the most popular forex prop firms head to head. We break down every difference — evaluation cost, rules, profit splits, and which is actually better for your trading style.
Choose FTMO if you want the most trusted name in forex prop with a decade of track record, the highest max funding ($400K), and payout reliability that's second to none. Choose FundedNext if you want a lower evaluation cost, a more beginner-friendly structure, and the unique Stellar evaluation model with a profit share during the challenge phase.
| Category | FTMO | FundedNext |
|---|---|---|
| Established | 2015 (10+ years) | 2022 (3 years) |
| Max Account Size | $400,000 | $200,000 |
| Profit Split | Up to 90% | Up to 95% |
| Evaluation Steps | 2 Phases | 1 or 2 Phases |
| Profit Target (P1) | 10% | 8% (lower) |
| Daily Loss Limit | 5% | 5% |
| Max Drawdown | 10% | 10% |
| Time Limit | None | None |
| Profit During Eval | No | Yes (Stellar model) |
| Fee Refund | First payout | First payout |
| Payout Speed | 1-3 days | 1-5 days |
| Platforms | MT4, MT5, cTrader | MT4, MT5 |
| News Trading | Allowed | Allowed |
| EA / Algo Trading | Allowed | Allowed |
| US Traders | Not accepted | Not accepted |
| Track Record | ★★★★★ (10 years) | ★★★★ (3 years) |
FTMO's primary advantage is trust built over a decade. When you're giving a prop firm evaluation fee money — potentially $500+ — the firm's track record matters enormously. FTMO has paid out to 100,000+ funded traders without a documented pattern of withheld payouts. That consistency is worth paying a premium for.
The $400K maximum funding is also unmatched in the forex prop space. For traders with consistent performance who want to scale, FTMO's scaling plan can take you from $100K to $400K through consecutive profitable months — something FundedNext's $200K cap doesn't allow.
For the most experienced traders, cTrader support gives access to a more professional execution environment than MT4/MT5, particularly for scalpers and algorithmic traders.
FundedNext's most interesting feature is the Stellar evaluation model — where you keep 15% of profits earned during the challenge phase itself, before you're even funded. If you hit your profit target and earn $5,000 in the process, you pocket $750 regardless of whether you continue. FTMO offers nothing equivalent.
FundedNext's evaluation fees are generally lower than FTMO for equivalent account sizes, and their 8% Phase 1 profit target (vs FTMO's 10%) means the challenge is marginally easier to pass. For newer traders who struggle with the 10% target, this matters.
The 95% profit split on some account types is the highest available from a major prop firm — though it applies to specific account models and conditions.
For most traders, FTMO is the safer choice — the trust premium is worth it. But FundedNext is genuinely competitive and growing rapidly, and the Stellar model is innovative enough that it deserves serious consideration.
Up to $400K funding, 90% split, fee refunded on first payout. The gold standard of forex prop trading.
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