FundedNext Launches Trading Challenge with Cash Prizes

FundedNext officially launches an exciting trading challenge, giving traders a chance to prove their skills and win valuable rewards. The top performers in this challenge will receive funded accounts and generous cash prizes. The first-place winner will secure a Stellar Lite 100K account along with $5,000 in cash. 

Meanwhile, the second and third place winners will also receive 100K accounts, with cash prizes of $2,000 and $1,000, respectively. The rewards continue as traders ranked 4th to 10th will be awarded 50K accounts, those from 11th to 20th will get 25K accounts, and participants placed between 21st and 50th will be rewarded with 10K accounts.

In addition, those finishing from 51st to 100th will obtain 5K accounts. To further increase excitement, FundedNext will also randomly select 50 participants ranked from 101st to 600th to receive 5K Stellar Lite accounts. 

FundedNext Launches Trading Challenge with Cash Prizes

The competition, however, comes with clear and strict rules. Traders must adhere to a maximum daily loss limit of 5% and a maximum overall loss limit of 10%, both calculated based on balance. Furthermore, each participant must complete a minimum of five trading days to qualify. FundedNext has permitted news trading, which gives participants an opportunity to capitalize on market volatility. 

They have also set commissions at $3 per lot for Forex and Commodities, while Indices trading will carry no commission. The firm has allowed overnight and over-weekend holdings and made all accounts swap-free to ensure a level playing field. However, the use of Expert Advisors (EAs) is strictly prohibited. To maintain fairness, the maximum lot size per position has been capped at 5 for Forex pairs and 3 for Indices, Commodities, and Metals. Additionally, traders can hold no more than five positions at any given time. 

Each participant is allowed only one account and one IP, which eliminates the possibility of multiple entries. All participants will compete using a $100K challenge account, and they may execute up to 50 trades per day. With these rules in place, FundedNext aims to identify skilled traders while offering a competitive and transparent trading environment.

Summary Of The News

FundedNext has launched a trading competition with exciting cash prizes and funded Stellar Lite accounts. The top winner will receive $5,000 and a 100K account, while rewards extend to the top 600 participants. Traders must follow specific rules, including loss limits and trade caps. News trading and overnight holding are allowed, but EAs are not permitted.

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