FundedNext April Competition Offers $1.7M in Prizes

FundedNext has announced its highly anticipated April Competition, offering traders an opportunity to showcase their skills and compete for a share of $8,000 in cash prizes and Challenge Accounts worth a total of $1.7 million. This competition provides traders with a chance to prove their expertise in the financial markets while adhering to strict trading rules. FundedNext will provide participants with a $100,000 Challenge Account to trade and require them to follow specific guidelines throughout the competition.

The first-place winner will be awarded a Steller Lite 100K account along with a $5,000 cash prize. The second-place winner will receive a Steller Lite 100K account plus $2,000, while the third-place participant will secure a Steller Lite 100K account and $1,000 in cash. 

Those finishing in fourth to tenth place will be rewarded with a Steller Lite 50K account, while traders ranging from 11th to 20th place will receive a Steller Lite 25K account. Further rewards extend to the 600th position, ensuring a wide range of opportunities for participants to benefit from the competition. 

FundedNext April Competition Offers $1.7M in Prizes

The trading conditions come with specific risk management rules. FundedNext will calculate drawdown based on balance and enforce a maximum daily loss limit of 5% and an overall loss cap of 10%. FundedNext allows participants to trade Forex, indices, commodities, and metals but strictly prohibits automated trading strategies using Expert Advisors (EAs).

Additionally, traders can hold a maximum of five open positions at a time, with a lot size limit of five per position for Forex pairs and three per position for indices, commodities, and metals. The competition also enforces a minimum trading duration of five days, ensuring that participants engage in consistent trading. FundedNext allows overnight and over-weekend holding, enabling traders to maintain positions beyond market hours. It also permits news trading, adding an element of strategy to the competition.

Traders must adhere to a maximum of 50 trades per day, with a commission of $3 per lot for Forex and commodities, while indices remain commission-free. FundedNext emphasizes fairness and transparency, allowing only one account and one IP per participant. The competition presents an exciting opportunity for traders to test their skills in a structured environment while competing for valuable trading capital and cash prizes.

Summary Of The News

FundedNext has launched its April Competition, offering traders a chance to win a share of $1.7 million in Challenge Accounts and $8,000 in cash prizes. Participants will trade with a $100K Challenge Account while following strict risk management rules, including a 5% daily loss limit and a 10% overall loss cap. The competition allows news trading and overnight holding, with rewards extending to the 600th position. FundedNext permits only one account and one IP per trader.

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