The 3% max risk per trade, and the 70% maximum margin usage are used unfairly. Until you loose, and keep blowing accounts, they didn't warn you. Fundednext let you blow accounts by taking too much risk. I already spent about 20k at fundednext. Sometimes get lucky and have small payout. But when I actually started to get profitable, my account was disabled because of breach of this two rules. I accept it breached the rules, and I stopped doing it now. I wish fundednext warned me when I breached this rules on my very first account with them. Then I would be aware of this rules 10 months ago. That actually would help me to get profitable sooner. The business model is built on people loose, so they can pay the few winners. Be careful, and keep your risk low, be aware of this two rules. The other thing i don't understan is how i can have massive slippage on a simulated account? Is basically a demo account, which should have instant execution. I would accept slippage on real account, where liquidity can be an issue, but on simulated account should never have any slippage or commission. Always remember, they need loosers to make profit, and always will try to find a reason to disable your account if you breach any rules. Read all the rules, small print. Then you have a chance. When you make money without breach, they pay almost instant. They are reliable enough. Probably one of the best in the industry. Just need to be aware of the predatory behaviour, which is unfortunately dominant in the prop firm industry. Remember, someone need to loose at fundednext for you to get payed because is a simulated account so no real trading! On a real account would be another trader on the otherside of your trades. At FundedNext someone need to buy accounts to be able to pay a few and for them to make money. This is why is not in their interest to have to many winners. They need to have few winners otherwise they could not get new customers. I am staying with them, and I will get my money back. The only reason I only give 3 star because I want you to read this, and be aware of the conditions. Is possible to get profitable, but only few very disciplined will make it. So think twice before you get a large account and risking too much! If you can't make money with 0.01 lot consistently, you have no reason to trade large. Start small, stay disciplined and slowly scale up. I hope this helped a few!
The 3% max risk per trade, and the 70% maximum margin usage are used unfairly. Until you loose, and keep blowing accounts, they didn't warn you. Fundednext let you blow accounts by taking too much risk. I already spent about 20k at fundednext. Sometimes get lucky and have small payout. But when I actually started to get profitable, my account was disabled because of breach of this two rules. I accept it breached the rules, and I stopped doing it now. I wish fundednext warned me when I breached this rules on my very first account with them. Then I would be aware of this rules 10 months ago. That actually would help me to get profitable sooner. The business model is built on people loose, so they can pay the few winners. Be careful, and keep your risk low, be aware of this two rules. The other thing i don't understan is how i can have massive slippage on a simulated account? Is basically a demo account, which should have instant execution. I would accept slippage on real account, where liquidity can be an issue, but on simulated account should never have any slippage or commission. Always remember, they need loosers to make profit, and always will try to find a reason to disable your account if you breach any rules. Read all the rules, small print. Then you have a chance. When you make money without breach, they pay almost instant. They are reliable enough. Probably one of the best in the industry. Just need to be aware of the predatory behaviour, which is unfortunately dominant in the prop firm industry. Remember, someone need to loose at fundednext for you to get payed because is a simulated account so no real trading! On a real account would be another trader on the otherside of your trades. At FundedNext someone need to buy accounts to be able to pay a few and for them to make money. This is why is not in their interest to have to many winners. They need to have few winners otherwise they could not get new customers. I am staying with them, and I will get my money back. The only reason I only give 3 star because I want you to read this, and be aware of the conditions. Is possible to get profitable, but only few very disciplined will make it. So think twice before you get a large account and risking too much! If you can't make money with 0.01 lot consistently, you have no reason to trade large. Start small, stay disciplined and slowly scale up. I hope this helped a few!