FundedNext vs FTMO 2024

Jeremy Biberdorf
By: Jeremy Biberdorf
 

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Starting a career in trading can be both exciting and challenging. One of the best ways to hit the ground running is by partnering with a proprietary trading firm. These prop firms offer you the trading capital, the tools, and the support you need to succeed.

FundedNext and FTMO are two of the top names in the industry, each with its own unique set of offerings. From profit shares and evaluation stages to trading platforms and educational resources, both platforms are designed to advance your trading abilities.

The question then arises: which of these titans is more suitable for your needs? This comprehensive comparison aims to answer that question, exploring the platforms in terms of various key factors that should guide your decision.

For more detailed analysis of each product check out our full reviews:

FundedNext is Better for:FTMO is Better for:
Ideal for traders seeking a more flexible evaluation criteria and a variety of tradable assets.Optimal for traders who are keen on maximizing their profit shares.
Tailored for those who prefer a straightforward, two-step evaluation process.Excellent for individuals who are looking for a wealth of educational tools to sharpen their skills.
Offers relaxed trading rules, suitable for traders looking for a less rigid environment.A prime choice for traders seeking an active, supportive trading community for better trading success.

Introducing the Prop Firms

FundedNext

fundednext.com website

FundedNext is not just another name in the crowded space of forex prop trading firms; it’s a platform that has quickly carved out its own niche. What sets it apart is its commitment to offering flexible evaluation criteria, allowing traders of all skill levels to participate.

It boasts a range of tradable assets, from forex majors to futures, giving you a broad field to play in. The firm also champions a relaxed trading environment, making it easier for you to focus on your trading strategies without excessive pressure.

To dive deeper into what FundedNext offers, read our extensive FundedNext review.

FTMO

ftmo.com website

FTMO is a well-established powerhouse in the prop trading industry. With years of experience under its belt, the firm has honed its offerings to provide one of the most complete trading experiences available. One of its standout features is the competitive profit shares it offers, aiming to make each trader a profitable one.

In addition to this, FTMO provides a vast library of educational tools, from webinars to eBooks, to help you keep up with market trends. It also fosters an active community that provides peer support, making your trading journey less solitary and more collaborative.

For more in-depth information, check out our complete FTMO review.

FundedNextLogo FTMOLogo
Type of Service Proprietary Trading Firm Proprietary Trading Firm
Best Use Flexible Evaluation Higher Profit Splits
Customer Service Responsive Highly Supportive
Trading Platforms Multiple Multiple
Modest Money Review FundedNext Review FTMO Review
Current Promotion

More Info

Save 5% on FundedNext with Coupon Code modestmoney

More Info

Modest Money Overall Rating
4.3 rating based on 5 ratings
4.5 rating based on 5 ratings
FundedNextLogo
Type of Service Proprietary Trading Firm
Best Use Flexible Evaluation
Customer Service Responsive
Trading Platforms Multiple
Modest Money Review FundedNext Review
Current Promotion

More Info

Save 5% on FundedNext with Coupon Code modestmoney
Modest Money Overall Rating
4.3 rating based on 5 ratings
FTMOLogo
Type of Service Proprietary Trading Firm
Best Use Higher Profit Splits
Customer Service Highly Supportive
Trading Platforms Multiple
Modest Money Review FTMO Review
Current Promotion

More Info

Modest Money Overall Rating
4.5 rating based on 5 ratings

FundedNext vs FTMO Video

Factor 1: Profit Shares

FTMO offers some of the most competitive profit shares in the industry

  • FundedNext offers reasonable profit splits, which can be particularly enticing for novice traders.
  • FTMO is the preferred choice for traders who aim to maximize their earnings through profit sharing.

FundedNext’s profit-sharing structure is straightforward and caters especially to those new to the trading scene. The platform takes a smaller portion of your earnings, allowing you to keep a considerable share. However, the percentage isn’t as high as what some experienced traders might be seeking. In general, FundedNext’s profit shares are decent but not extraordinary.

When it comes to maximizing your profit shares, FTMO stands out as an industry leader. They offer competitive splits that can make a significant difference in your take-home pay at the end of the trading period. This is an enormous advantage for both novice and experienced traders. The lucrative profit sharing structure at FTMO is a strong magnet for those serious about making money in trading.

Factor 2: Evaluation Stages

FundedNext has a simplified, two-step evaluation process that many find easy to navigate

  • FTMO incorporates a more thorough evaluation phase, aiming to rigorously test a trader’s skills.
  • FundedNext is the preferred choice for those who want a quicker, less complicated evaluation procedure.

FundedNext prides itself on a straightforward evaluation program that gets you trading real market conditions quickly. The platform’s two-step process involves less hassle and allows you to get to the trading stage with minimal delays. While it might not be as exhaustive as other platforms, this ease of evaluation is attractive to those who are keen to start trading as soon as possible.

FTMO offers a comprehensive evaluation phase that goes beyond basic skill assessment. By incorporating real market conditions and various trading scenarios, FTMO ensures that its traders are well-prepared for any challenges. This in-depth evaluation might be daunting for some, but it’s ideal for those who prefer a detailed assessment of their trading abilities.

Factor 3: Tradable Assets

FTMO provides a wider range of assets including Forex, Futures, and more

  • FundedNext offers a limited selection of tradable assets, focusing primarily on forex markets.
  • FTMO is the preferred choice for traders who desire versatility in asset selection.

FundedNext centers its services around forex trading, offering a handful of currency pairs for traders. While the focus on forex may be sufficient for those specializing in this market, it doesn’t provide much room for diversification. Traders looking to branch out into different financial markets may find FundedNext somewhat limiting.

FTMO excels when it comes to the variety of tradable assets. Not only can you trade forex, but the platform also offers Futures trading and even some commodities. This flexibility enables traders to diversify their portfolio and adopt various trading strategies. FTMO’s expansive asset selection is an undeniable benefit for traders of all experience levels.

Factor 4: Educational Tools

FTMO boasts a wealth of educational tools and an active community for traders

  • FundedNext offers basic educational resources, suitable for beginner traders.
  • FTMO is the preferred choice for those who are keen on continuous learning and community engagement.

FundedNext does provide some educational resources aimed at helping novice traders. However, these are relatively basic and may not offer the depth that more advanced traders are seeking. The platform focuses on getting traders into the market, rather than building a comprehensive educational framework.

FTMO goes above and beyond when it comes to education. Their platform is packed with professional trading tools, tutorials, and an active community that engages in informative discussions. Whether you’re a beginner or an experienced trader, the educational resources at FTMO offer significant value, setting traders up for long-term success.

Factor 5: Customer Support

 

FTMO offers robust customer service, including rapid response times and detailed reviews of trading conditions

  • FundedNext has adequate customer support, responding usually within a business day.
  • FTMO is the preferred choice for traders prioritizing exceptional customer support.

FundedNext offers customer service that is generally responsive within a business day. While their support is adequate for resolving common issues, it doesn’t offer the kind of immediate, in-depth assistance that some traders might require. The platform meets basic customer service needs but doesn’t go the extra mile.

In the realm of customer service, FTMO shines brightly. Their support team not only responds swiftly but also offers detailed reviews and guidance on trading conditions. They are equipped to handle a variety of concerns, from technical issues to trading strategies, making them a reliable choice for traders who seek top-tier support.

Factor 6: External Customer Reviews & Ratings

External Fundednext Reviews & Ratings

SiteRating
Trustpilotfundednext trustpilot review
ApkOnline4.6 from 1,956 reviews
Reviews.io4.5
Traders Union4.5

External FTMO Reviews & Ratings

SiteRating
Trustpilotftmo trustpilot review
Forex Broker Report5
TrustIndex4.9 from 5,381 votes
Google Play4.5 from 803 votes

The Final Call

After a close examination, both FundedNext and FTMO offer unique benefits that can suit different types of traders. FundedNext has its merits, particularly for those who are looking to quickly jump into forex trading without much concern for diversification or additional educational tools. However, FTMO emerges as the winner in this comparison, scoring higher in asset variety, educational resources, and customer service.

FTMO’s expansive range of tradable assets and top-tier educational tools make it a highly versatile platform that’s well-suited for traders who are serious about their career. Its exceptional customer service ensures that traders have the support they need to navigate through the complexities of financial markets effectively. In comparison, while FundedNext may be suitable for those who are just dipping their toes in forex trading, FTMO provides a more comprehensive trading environment.

So there you have it. Whether you are a beginner aiming to start your trading journey or an experienced trader looking to elevate your game, each platform has its own appeal. If you’re looking for a more all-rounded, robust platform, then FTMO takes the win.

Ready to dive into the world of prop trading? Click here to get started with FTMO — prove your trading skills and get funded. If you’re just starting out and want a simpler platform, go here to give FundedNext a try. Either way, both platforms offer paths to financial independence through trading. Make your choice based on what aligns best with your trading goals and needs.
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Learn More About FTMO

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