FundedNext launched its second experimental CFD challenge Tuesday, featuring a 12 percent maximum loss limit rather than the standard 10 percent used across most prop evaluation models. The FNL:002 challenge costs $149.99 for a $25,000 two-step account and pays funded traders 85 percent of eligible profits. The firm claims the additional 2 percent buffer protects traders from normal market volatility, though it provided no supporting data. The challenge requires 8 percent profit in phase one and 6 percent in phase two, with both phases needing at least two profitable days of 1 percent minimum gains. A 4 percent daily loss cap returns after being removed in the first Labs experiment launched in July. The $3,000 maximum loss threshold remains static and does not trail. News trading is banned, while forex leverage sits at 1:100 and other instruments at 1:25. Traders can operate up to five concurrent accounts on MetaTrader 5 or Match-Trader for US clients.
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FXnCO Insight
** The restored daily loss limit signals FundedNext may have seen excessive account failures in its first no-cap experiment, making this structure potentially more sustainable for disciplined risk managers.
Source: Finance Magnates