FundedNext Futures have just released a new Flex plan, offering accounts for as low as $70, with no activation fees and no daily drawdown limits.
In this article, I’ll explain how the plan works, the profit target, drawdown and payouts rules. I’ll also discuss the profit split add-on, and why you should probably avoid paying for it.
The FundedNext Futures Flex Plan
Use discount code TPJ for the highest discount, currently giving 47% off. This makes the prices:
- $70 for a $50k account
- $130 for a $100k account
- $250 for a $150k account
Flex Challenge
| Size | Phase 1 Target | Max Drawdown TRAILING EOD (B) |
|---|---|---|
| $50k | 5% ($2,500) | 3% ($1,500) |
| $100k | 5% ($5,000) | 2.5% ($2,500) |
| $150k | 5.33% ($8,000) | 2.67% ($4,000) |
Highlights
- Low price
- No daily drawdown
- News trading allowed
- No activation fee
Trade-offs
- 40% consistency rule on evaluation
- Lower maximum drawdown than competiton
 Profit Split | Up to 80% |
 Time Limits | Unlimited |
 Minimum Trading Days | 3 |
 News Trading | ✓ Allowed |
 Weekend Holding | ✗ Not Allowed |
 Consistency Rule | 40% Best Day On Evaluation |
 Payout Frequency | Weekly |
Challenge Pricing
Flex accounts use end of day trailing maximum drawdown, that trails until it reaches the original account balance +$100.
The $50k evaluation has a profit target of $2.5k, and $1.5k maximum drawdown. While the profit target is lower than the standard $3k that is used with most other firms, the drawdown is also lower than the $2k standard. With a drawdown to profit target ratio of 1:1.67, compared to the standard 1:1.5, the FundedNext $50k flex is slightly harder to pass than the competition.
The Flex $100k has $2.5k maximum drawdown and the $150k has $4k. Both have profit targets of double maximum drawdown, meaning they are harder to pass than the $50k account. They also offer lower maximum drawdown per dollar of evaluation fee, meaning they’re worse value for money. So overall, the Flex $50k is by far the best choice.
You can have up to 5 FundedNext Futures accounts at a time, meaning the Flex $50k can still offer high earning potential.
Flex evaluations have a 40% best day consistency rule, meaning they require at least three profitable trading days to pass.
Flex Payouts
The Flex Funded account pays an 80% profit split, which can be increased to 90% by purchasing the add-on.
Increasing your profit split from 80% to 90% results in a 12.5% increase in payouts. But the add-on increases the price by more than this, so you should not choose the 90% payouts add-on.
To request a payout on the Flex funded account, you must reach the $500 minimum profit and 5 qualifying profitable days. The $50k and $100k accounts need 5 days of at least $200 profit, and the $150k account needs 5 days of $250. There are no consistency requirements on flex funded accounts.
Once eligible, you can withdraw up to 50% of your profit up to a max of $1.5k for the $50k account, $2.5k for the $100k and $4k for the $150k.
Upon the first withdrawal, the maximum drawdown locks in at the original account balance +$100.
After 5 payouts, your account will be reviewed for you to move to live trading.
Trading Restrictions
News trading is allowed on all FundedNext Futures accounts.
Overnight trading is not allowed, so all trades must be closed by 3:10 central time. Positions that are still open at this point are automatically closed.
FundedNext Reputation
FundedNext has a 4.5 star rating on TrustPilot and over $300m in total payouts, so is a reputable prop firm to trade with.
Conclusion
Overall, the FundedNext Futures Flex plan is a good entry level option, and the $50k with no add on is the best choice. However, some other firms offer easier evaluations and a 90% profit split as default, so it’s worth having a look at the competition first if you’re willing to pay a little extra.
