Hello, and welcome to my Next Step Funded Review.

Next Step Funded promises to take your trade to the next level with steps one and two funding programs.

In their two funding programs, the prop firm provides you with different account sizes uniquely identified by price and balance.

For beginners, consider starting with a smaller account size that fits your budget.

Professionals aiming for faster success with Next Step Funded may opt for a larger account size.

Before investing your time and money in the Next Step Funded prop firm, it’s crucial to understand the truth about it.

This review delves into the inner workings of the Next Step Funded prop firm, offering insights essential for forming an informed judgment.

I prioritize providing a detailed explanation of what the Next Step Funded prop firm is, how it operates, and the pricing of different account sizes.

Additionally, the review includes my opinion on whether the prop firm is a worthwhile investment or potentially a scam to avoid.

If, after reading this review, you decide against pursuing the prop firm for personal reasons but still wish to explore online opportunities, I’ll share alternative methods for earning extra income.

With that in mind, let’s get started.

Summary Of Next Step Funded Review

Name: Next Step Funded

Type: Proprietary Firm

Evaluation Fee: Starts from $98 depending on the account size you choose and the funding program.

Official Site: nextstepfunded.com/

Overall Rating: 7/10

My Recommendation: Not for everyone; kindly read my review to see why

Also Read: Funded Engineer Review

Next Step Funded Review – Overview

Next Step Funded enables you to engage in forex trading using their capital, offering the potential to earn a profit share of up to 80%.

The primary mission of this proprietary trading firm is to empower skilled traders, helping them unlock their full potential in the forex market.

Through various funding programs, each equipped with unique trading features, the firm ensures that all traders can access their preferred program.

This approach enhances their likelihood of success on the platform, enabling them to realize their financial aspirations in alignment with their dreams.

Recognized as one of the top-paying companies in the forex market, the prop firm provides an opportunity for traders to maximize their earnings from their market activities.

Pros Next Step Funded

• Offers excellent profit share of up to 80%.
• Has realistic profit targets.
• Allows you to hold your trades during the weekend.
• Good customer support services.
• Offers up to 100% refund policy.
• Offers bi-weekly payout service.

Cons Next Step Funded

• Account pricing is relatively expensive
• Does not offer a scaling plan
• Does not allow free trials

Who Should Sign Up With Next Step Funded?

Next Step Funded caters to skilled traders seeking to unleash their trading potential in the online domain.

The proprietary trading firm assesses your abilities to verify that you are genuinely adept at consistently achieving profit targets in the forex market.

Furthermore, the firm evaluates your capacity to adhere to their trading rules, a crucial aspect of a successful partnership.

Consequently, prospective traders must possess both trading expertise and the ability to comply with the firm’s guidelines.

To qualify, individuals must demonstrate profitability and be at least 18 years old, meeting the prerequisites to engage in forex trading with the firm’s capital.

Important: Swift Funding Review

What Is Next Step Funded?

Next Step Funded is a prop firm that offers capital to skilled traders to enable them to open their trading potential in the forex industry.

According to the prop firm, most traders fail to get the chance to succeed in their forex trading skills due to a lack of capital.

Through their mission, the company promises to empower such talented traders with the opportunity to trade in the forex market.

The Next Step Funded has two funding programs with different account size that matches the desires of most traders.

In their funding program, you’ll only need to prove your trading skills for you to get their funded account.

The prop firm takes you through its evaluation process to test your skills before you get a funded account.

If you get to a funded account, the prop firm promises to create an excellent trading environment where you can thrive and get payouts.

The amount you’ll earn from your trade, however, depends on your skills and determines the time it will take you to succeed in your trading journey.

The prop firm however awards you with the largest share of the profits you make from your trades making you earn more.

Important: Skilled Funded Traders Review

How Does Next Step Funded Work?

Allows you to trade in the forex market using their capital.

In their funding program, the prop firm targets to partner with different categories of traders ranging from beginners to experts.

However, you must prove to the prop firm that you are skilled by taking their challenge in the evaluation stage.

The working of the prop can, therefore, be explained in three main stages as follows.

The Challenge Stage

The Challenge Stage marks the initiation of your journey with Next Step Funding prop firm into the forex market.

Here, you select your account size and demonstrate your trading prowess to showcase profitability.

The stage assesses your ability to adhere to the company’s set rules, emphasizing the importance of following these guidelines for success in your trading journey.

An encouraging aspect of this stage is the use of a demo account, where you trade with virtual funds, alleviating concerns about real losses.

Despite being a simulated environment, the trading experience mirrors real market conditions, including latency, akin to live account trading.

Verification Stage

Upon successful completion of the Challenge Stage, you advance to the Verification Stage, affirming your accomplishment.

The verification process, conducted with a demo account, necessitates the demonstration of sustained profitability, trading consistency, and adherence to established rules.

Successfully passing the verification stage grants access to a funded account.

Funded Stage

The Funded Stage represents the culmination of your trading journey, providing the opportunity to trade with actual capital in a live funded account.

The prop firm allocates a live trading account with capital matching your initial balance from the challenge stage.

Subsequently, you engage in real-money trading in the forex market, earning actual profits from your trades.

The company rewards a substantial profit share, reaching up to 90% of the total profits generated.

Continued adherence to the prop firm’s trading rules is imperative to maintain trading privileges.

With sustained profitability and consistency, this stage offers the potential to establish a passive income stream through your trading profits.

How Do I Get Started With The Next Step Funded?

Getting started with the Next Step Funding is as easy as joining any other prop firm in the forex market.

It involves the following steps:

Step One: Registration

The first step to becoming a Next Step Funded trader is to first register into their platform by summiting your personal details.

From there, you’ll have to choose your preferred funding program and account size.

There are three funding programs available in the platform as follows;

• The one step Challenge
• The two-step challenges
• The HFT Limited edition.

The explanation of these funding programs is waiting for you in the next section of this review.

Step Two:  Choose Your Account Size

After choosing your funded program, the next step is to choose your account size;

The one-step challenge and two-step challenge programs have up to five similar account sizes as follows:

• $15,000 account size.
• $25,000 account size
• $50,000 account size
• $100,000 account size
• $200,000 account size.

In the HFT limited edition, there are three different account sizes as follows;

• $50,000 account size.
• $100,000 account size.
• $300,000 account size.

Step Three: Purchase Your Account Size

To acquire access to your selected account, proceed with the payment process.

It’s essential to note that the costs of account sizes vary based on your chosen size and the specific funding program.

Refer to the pricing section in this review for detailed information on the prices associated with each account size within the designated funding program.

Once your payment is successfully processed, your account credentials will be dispatched to you via email.

These login details are crucial for initiating your trading activities in the challenge stage and progressing through the evaluation process to attain a funded live account.

What Is Contained In the Next Step Funded?

The Next Step Funded contains the following funding programs:

One Step Challenges

In the one-step challenge, there is only a one-step evaluation program and a funded account.

The one-step challenge is both suitable for intermediates and beginners and your success is based on your level of trading skills.

The one-step challenge program contains the following account sizes;

• $15,000 account size.
• $25,000 account size
• $50,000 account size
• $100,000 account size
• $200,000 account size.

The Two-Step Challenge

The two-step challenge funding program consists of a two-phase evaluation process

The two stages include the challenge stage and the verification stage before you finally move to the funded account stage.

The two-step challenge contains the following account sizes;

• $15,000 account size.
• $25,000 account size
• $50,000 account size
• $100,000 account size
• $200,000 account size.

The HFT Limited Edition

The HFT Limited edition is a special one-step challenge that consists of three account sizes as follows:

• $50,000 account size.
• $100,000 account size.
• $300,000 account size.

What Are The Trading Rules Used In Next Step Funded?

The trading rules set in the Next Step Funded depend on the funding program you choose:

One Step Challenge Trading Rules;

The one-step challenge contains the following rules.

Profit Targets

The one-step challenge has its profit target set at 10%.

The profit target is only available in the Challenge stage of the evaluation of the one-step challenge.

Maximum trading period

The maximum trading period is set at 60 trading days.

The maximum trading period is only available in the evaluation stage.

After passing your challenge within the required time, you can trade with the funded account in your entire lifetime.

Minimum Trading Days

The minimum trading period accepted in the One-step challenge funding program is three days.

This means that you must trade for at least three days for you to pass a single stage of your trading.

Trading leverage

The account leverage is set at 1:100.

Maximum Daily loss

The maximum daily drawdown is set at 5% for both the challenge stage and the funded account stage.

The maximum daily loss is calculated as a percent of the initial account balance.

Maximum overall loss

The maximum overall loss is set at 12% on both the challenge stage and the funded account stage.

The maximum overall loss is calculated based on the initial balance of your account size.

Weekend Holding

You can trade or hold your trades on the weekends on the Next Step Funded platform.

News Trading

The Next Step Funded prop firm allows you to trade news in both the challenge and the funded account stage.

Profit share

There is no profit share in the challenge stage of the one-step challenge funding program.

However, if you advance to a funded account, you will earn a profit share of up to 80% of the total profits you make from your trading.

Two-Step Challenge Trading Rules;

The two-step challenge contains the following rules.

Profit Targets

The two-step challenge has its profit target set at 10% for the first phase and 5% in the second phase of the evaluation process.

The profit target is only available in the Challenge stage of the evaluation of the two-step challenge.

Maximum trading period

The maximum trading period is set at 30 trading days in the first phase and 60 trading days in the second phase of the evaluation process.

The maximum trading period is only available in the evaluation stage.

After passing your evaluation within the required time, you can trade with the funded account in your entire lifetime.

Minimum Trading Days

The minimum trading period accepted in the two-step challenge funding program is five days for each phase of the evaluation process.

This means that you must trade for at least five days for you to pass a single stage of your trading.

In addition, it will take you at least ten trading days for you to complete your evaluation and move to a funded account.

Trading leverage

The account leverage is set at 1:100.

Maximum Daily loss

The maximum daily drawdown is set at 5% for both the evaluation stages and the funded account stage.

The maximum daily loss is calculated as a percent of the initial account balance.

Maximum overall loss

The maximum overall loss is set at 12% on both the evaluation stages and the funded account stage.

The maximum overall loss is calculated based on the initial balance of your account size.

Weekend Holding

You can trade or hold your trades on the weekends on the Next Step Funded platform.

News Trading

The Next Step Funded prop firm allows you to trade news in both the challenge and the funded account stage.

Profit share

There is no profit share in the challenge stage of the two-step challenge funding program.

However, if you advance to a funded account, you will earn a profit share of up to 80% of the total profits you make from your trading.

HFT Limited Edition Trading Rules;

The HFT limited edition contains the following rules.

Profit Targets

The HFT limited edition has its profit target set at 10% in its special challenge stage.

Maximum trading period

The maximum trading period is unlimited.

Minimum Trading Days

Zero minimum trading days for all the stages of trade.

Trading leverage

The account leverage is set at 1:100.

Maximum Daily loss

The maximum daily drawdown is set at 5% for both the special challenge stage and the funded account stage.

Maximum overall loss

The maximum overall loss is set at 12% on both the special challenge stage and the funded account stage.

Weekend Holding

You can trade or hold your trades on the weekends on the Next Step Funded platform.

News Trading

The Next Step Funded prop firm allows you to trade news in both the challenge and the funded account stage.

Profit share

There is no profit share in the challenge stage of the one-step challenge funding program.

However, if you advance to a funded account, you will earn a profit share of up to 80% of the total profits you make from your trading.

What Is Next Step Funded Trusted Broker?

Next Step Funded has established a partnership with Eightcap, designating them as their trusted broker in the forex market.

Eightcap is a trusted broker regulated under legal authorities to ensure all your funds and account credentials are safe.

What Trading Instruments Are Allowed In The Next Step Funded?

The Next Step Funding allows you to trade a variety of instruments which include:

• Forex pairs
• Metals
• Oil
• Indices
• Stock CFDs

What Is The Cost Of Joining The Next Step Funded?

The cost of joining the Next Funded prop firm depends on the funding program and account size as follows:

One Step Challenge Funding Program

The one-step funding program has its account sizes and prices as follows;

• $15,000 account size costs $125.
• $25,000 account size costs $179.
• $50,000 account size costs $359.
• $100,000 account size costs $602.
• $200,000 account size costs $1,205.

Two-Step Challenge Funding Program

The two-step funding program has its account sizes and prices as follows:

• $15000 account size costs $98.
• $25000 account size costs $152.
• $50000 account size costs $305.
• $100000 account size costs $503.
• $200000 account size costs $998.

HFT Limited Edition Funding Program

The HFT limited edition funding program has its account sizes and prices as follows:

• $50,000 account size costs $440.
• $100,000 account size costs $890.
• $300,000 account size costs $2,150.

How Does The Payouts System Work on Next Step Funded?

Upon initiating trading with the live funded account, you become eligible to accrue actual profits, meeting the criteria for withdrawals.

The first withdrawal is permissible after thirty trading days, commencing from the day you executed your initial trade on the live funded account.

Subsequent withdrawals occur on a bi-weekly schedule, providing the opportunity to access and enjoy your earnings every fourteen days.

Is There A Refund Policy On Next Step Funded?

The Next Step Funded offers you a 100% refund of your registration fee in your first payout on the platform.

However, the refund is only valid in the one-step challenge and two-step challenge funding programs.

The HFT limited edition funding program does not have any refund as it makes use of a chatbot to pass your evaluation.

Is Next Step Funded A Scam?

In my assessment, Next Step Funded is a legitimate opportunity for traders to unleash their potential using its funding program.

The firm provides a chance to trade in the forex market using its capital, with the added benefit of earning a profit share.

Partnering with an authorized broker, Eightcap ensures the security of all trading accounts and funds.

The prop firm’s realistic profit targets and diverse funding programs offer a range of account size options, facilitating easy selection based on individual preferences.

However, it’s essential to note that the firm specifically seeks talented traders capable of demonstrating their skills in forex trading.

Beginners or those lacking trading experience may face challenges in succeeding on the platform.

The prop firm employs evaluation challenges to assess traders’ skills before granting access to funded accounts.

While the pricing of account sizes may be relatively higher compared to other prop firms in the market, it’s important to consider the unique features and opportunities offered by Next Step Funded.

While the prop firm may not be suitable for everyone, especially beginners, it is not deemed a scam.

My Assessment Of Next Step Funded

Profits Split: 8/10

Next Step Funded has the best funding profit share of up to 80% of the total profits you make from your trade.

This makes it one of the best-paying prop firms in the forex market.

Scaling Opportunities: 0/10

Next Step Funded has no scaling plan for its traders.

You can only own multiple accounts and trade with a maximum balance of $600,000 on the platform.

Profits Targets: 7/10

The profit targets set in the platform are much more realistic allowing many traders to stand a chance to pass their evaluation stages.

The realistic profit targets make their challenges easy to pass by most traders who join the platform to get a funded account.

Affordability: 5/10

The Next Step Funded has its account sizes fairly expensive as compared to most prop firms in the forex market.

Trader Supports: 6/10

The prop firm offers you the 24/7 trader support you deserve for your trading journey.

This allows you to ask questions and get answers from the platform.

Tradable assets: 8/10

There are various tradable assets offered in the platform including metals, forex pairs, indices, and stock.

This allows you to trade your favorite asset and earn more from your trading in the forex market.

Trustworthiness: 7/10

The prop firm partners with trusted brokers to ensure all your trading activities are safe.

This makes it win the trust of their traders in the forex industry.

My Overall Rating: 7/10

In general, I rate Next Step Funded 7/10.

The prop firm offers a relatively good profit share with good customer support preferred by most traders.

What Are People Saying

Here is what traders are saying about Next Step Funded prop firm in the forex market.

The Next Step Funded On Trustpilot

The Next Step Funded prop firm has a great rating on Trustpilot from a sample of 457 reviewers (January 19, 2024).

From the reviewers, the prop firm attracts a 64% five-star rating.

FAQs About Next Step Funded

What Is NFT In Next Step Funded?

The HFT is a bot that helps you pass your challenge in the platform without using more effort or time in your evaluation stage.

By using HFT, you will get funded much faster than in the case where you undertake a manual evaluation.

This new bot is a better option for traders who do not like taking evaluations or want to spend the shortest time possible in evaluation.

Can I Merge My Trading Accounts In The Next Step Funded?

 The Next Step Funding at the moment doesn’t allow you to merge your trading accounts in their platform.

Account merging is a feature of interest loved by most traders in the forex market especially those that own multiple trading accounts.

In addition, the maximum capital you can trade in the platform is $600,000 for all the accounts you own.

For How Long Can My Account Remain Active If I Don’t Place A Trade?

According to the in-activity rule set in the platform, you’re your account will remain active for up to thirty days without placing any trade.

However, if you extend this period, your account will automatically be inactivated on the platform.

This will deny you the opportunity to continue trading in the platform despite owning the account even if you have profits.

How Do I Get My Funded Account Logins After Passing My Challenge On Next Step Funded?

After passing your challenge, you’ll need to complete your KYC  process in the profile section of your account.

It will take between one to three business days for your KYC processing to be completed in the system for you to get your logins.

After the processing is complete, you will get your account logins via your email to enable you to start trading with a live-funded account.

Can I Merge My Challenge Account In The Next Step Funded?

Yes, the prop firm allows you to switch from one challenge to another in the platform under certain conditions.

First, you must have not placed any trade in the current challenge, the prop firm can facilitate your account exchange service.

If you have already placed trades in the current account challenge, you’ll not get the opportunity to switch to the next challenge.

Thank you for reading my Next Step Funded Review.

If you still have any additional information about this review, feel free to leave a comment in the comment section below.