Next Step Funded Review
Next Step Funded is making waves in the Forex trading realm, offering a fresh approach to funding for traders who know the market inside out. Drawing from more than a decade of Forex trading and financial expertise, they're changing the game in how retail traders secure funding.
Global Reach with Local Insight
With a presence spanning different continents like Australia, the United States, and the European Union, Next Step Funded is uniquely positioned to cater to traders worldwide. Their global footprint means they understand diverse markets, regulations, and trends, ensuring traders get tailored solutions.
Funding Solutions and Structure
Next Step Funded provides funding options that suit traders of all levels, whether you're starting out or already experienced. They keep it simple with an accelerated One Step Challenge and a more in-depth Two Step Challenge. Regardless of the account you choose, the profit share remains constant at 80%.
Transparency in Rules
The One Step Challenge kicks off with capped trade sizes, with the first payout fully refunded upon successful completion. The Two Step Challenge spans months, gradually increasing the profit share. While there's a fee for the Two Step Challenge, Next Step Funded's transparency is evident in the policy.
Trader-Friendly Environment
Next Step Funded embraces EA usage and trade copiers, though with clear guidelines. Hedging is permitted, but multiple accounts for hedging are discouraged. Leverage is set at 1:30 across all accounts. Weekend trading and trading during news releases are both allowed.
Effortless Payouts and Payment Methods
Deel manages payouts, providing diverse methods like bank transfers, credit/debit cards, cryptocurrency, and more. With a minimum withdrawal of $100, speedy processing is the norm.
Upsides and Downsides
Pros:
- Straightforward rules
- No monthly fees
- 100% fee refund after One Step Challenge
- Weekend trading welcomed
- A wide range of assets
Cons:
- Maximum funding capped at $200,000
- No free trial available
- Standard 80% profit share
In a Nutshell
Next Step Funded's innovative funding model and commitment to clear guidelines showcase their dedication to traders' success. While funding ceilings are present, their focus on responsible trading and steady growth is commendable. Aiming to cater to diverse trader needs, Next Step Funded is a breath of fresh air in the Forex trading landscape.
