FundedNext Prop Firm Review
The most popular prop firm among Iranian traders, with USDT profit payouts and official acceptance of Iranian traders.
Bitfa rating: 4.7 out of 5
FundedNext at a glance
FundedNext prop firm review
FundedNext has been operating since 2022 and quickly became one of the largest prop firms in the world. For Iranian traders it has one decisive advantage: it officially accepts Iranians, Iranian documents are accepted for identity verification, and profits are paid out in USDT.
At FundedNext, crypto pairs are traded as CFDs alongside forex. In other words, you can open positions on Bitcoin and Ethereum with the firm's capital without tying up any of your own, in return for passing the challenge and following the risk rules.
Does FundedNext accept Iranian traders?
FundedNext challenge rules
| Maximum daily drawdown | 5% |
|---|---|
| Maximum overall drawdown | 10% |
| Challenge profit target | About 8% in phase 1, about 5% in phase 2 |
| Minimum trading days | Yes (depending on the plan) |
| Holding positions over the weekend | Allowed on most plans |
| High-impact news | Trading around news releases is restricted on some plans |
⚠️ The exact rules of each plan may change, so read the prop firm's own rules page before buying a challenge. The most common reason for failing is exceeding the daily drawdown limit, not a wrong analysis.
FundedNext pros and cons
✔ Pros
- Officially accepts Iranian traders
- Profit payouts in USDT
- Profit split up to 95%
- A range of challenge models (1-step and 2-step + a no-challenge option)
- Global credibility and a good payout track record
✖ Cons
- Crypto only as CFDs (not the real market)
- Strict risk rules, the most common reason traders fail
🔍 Bitfa's rating is the average of four criteria (credibility, rules, profit split and support) and is updated whenever the prop firm's conditions change.
Steps to get funded by FundedNext
Choose a plan and account size, then pay the challenge fee (crypto payment is possible).
Pass the challenge by staying within the daily/overall loss limits and reaching the profit target.
Receive a live (funded) account and trade with the firm's capital.
Withdraw your profits periodically (usually in USDT); your share is up to 95%.
Frequently asked questions about the FundedNext prop firm
Does FundedNext accept Iranians?
Yes. FundedNext officially accepts Iranian traders, identity verification is done with Iranian documents, and profits are usually paid out in USDT. These three features have made it the most popular prop firm among Iranians.
Can you trade crypto on FundedNext?
Yes, the major crypto pairs (BTC, ETH and more) are available as CFDs, although the range of assets and the market hours differ from a real crypto exchange.
How much does it cost to start?
Challenges start from about $32 (for small accounts) and go up with account size; on most plans, the challenge fee is refunded once you pass.
What happens if I fail the challenge?
You lose only the challenge fee; you have no other financial obligation and you can start again. That is why, in a challenge, risk management matters more than high profits.
⚠️ Risk warning: trading in financial markets and taking part in prop challenges involves financial risk and may result in losing the challenge fee. This page is for information only and is not investment advice. Some of the links on this page may be affiliate links.