FundedNext

1. Is News Trading allowed at FundedNext?
FundedNext allows traders to trade during news events in both the Challenge Phase and FundedNext Account of Evaluation Challenge, Stellar Challenge, and Stellar Lite Challenge. However, in the Express Challenge (both on your Challenge phase and FundedNext account), you are restricted from opening and closing any trade 5 minutes before and after the news. This includes both Market Execution and opening/closing Pending Orders (including take profit and stop loss).2. What will be my Profit Share from the Stellar Lite Challenge?
FundedNext doesn't offer any Profit Share from Challenge phase in the Stellar Lite Plan. It means traders won't get any 15% Profit Share from the Challenge phase of the Stellar Lite Plan. However, upon reaching the FundedNext Account, traders will get an 80% Profit Share and can be eligible for a 90% Profit Share through scale-up. For example, if a trader has a $100,000 Stellar Lite Account, the trader won't receive any Profit Share from the Challenge phase. However, the trader will receive a 80% Profit Share upon reaching the FundedNext Account. 3. How can I calculate the Daily Loss Limit?
For traders participating in the Evaluation, Express, and Stellar 2-Step Challenges, the Daily Loss Limit is 5% of their initial account balance., and for the Stellar Lite Challenge, the Daily Loss Limit is 4% of their initial account balance. However, for traders enrolled in the Stellar 1-Step Challenge, the Daily Loss Limit is 3% of their initial account balance. To calculate your daily loss limit, use the following formula: Daily Loss Limit = Initial Balance × Daily Loss Limit Percentage of Your Enrolled Challenge Account. When calculating the daily loss, please note that swap charges, commissions, and fees are included in the total amount. If you exceed the daily loss limit, your account will be “Paused” and marked with a "Daily Loss Limit," and you will no longer be able to trade. Example 1: You have a $100,000 Stellar 2-Step Challenge Account, and your Daily Loss Limit is 5% of your initial balance. So, $100,000 is considered as the initial balance. Then, your Daily loss will be ($100,000 * 0.05) = $5000 Example 2: Let’s say you are in profit at a certain time in the day. You can calculate your Loss Limit for the day: (Your initial balance × 0.05 + Profit amount in that day) You have a $100,000 Stellar 2-Step Challenge Account, at noon GMT+3 server time, you have made $2,000 profit, so the Daily Loss Limit for that day will be ($100,000 * 0.05 + $2000) = $7000. In other words, losing more than $7,000 on closed or running trades on that day will violate the Daily Loss Limit.Please keep in mind that your Daily Loss Limit will reset at midnight according to the server time. Therefore, your new Daily Loss Limit for the following day will be calculated as the initial balance (in this case, $100,000) multiplied by the Daily Loss Limit Percentage of your enrolled challenge (5%), which is $5,000.