Prop firms whose payouts run weekly, daily or on demand after the first withdrawal, with each program's first-payout rule, ongoing frequency, split at that frequency and methods, plus the buffers, caps and consistency checks that apply.
FTMO and FundedNext are two of the highest-rated forex and CFD prop firms in our data, and their main products look similar: a two-phase challenge with a 5% daily limit, a 10% static maximum loss, no time limit and a fee refunded with the first reward. The differences are in the targets, minimum days, leverage, news treatment and how many ways you can be paid. FTMO keeps a single on-request payout path; FundedNext lets you pick a reward cycle, each with its own split. This comparison uses each firm's official pages as we checked them in November 2026.
FTMO vs FundedNext at a glance
| FTMO | FundedNext | |
|---|---|---|
| Market | Forex/CFD | Forex/CFD |
| FundedTime score | 8.8/10 | 8.2/10 |
| Data status | Verified | Verified |
| Listed price | From €89 (2-Step) and €79 (1-Step) on the global site; per-size prices not published in a readable table | From $59.99 (Stellar 2-Step $6k); $549.99 for $100k |
| Pricing model | One-time fee | One-time fee |
| Fee refundable | Yes on 2-Step (refunded with first reward); no on 1-Step and Instant | Yes: 2-Step with first reward; 1-Step and Lite with third reward |
| Max account size | $200,000 per account (Scaling Plan up to $2,000,000 across accounts) | $200,000 |
| Max profit split | 90% (1-Step, Instant); 2-Step starts at 80%, 90% via Scaling Plan | 80% default (90% after scale-up); 95% with Lifetime add-on |
| Profit target | 10% / 5% (2-Step); 10% (1-Step) | 8% / 5% (Stellar 2-Step); 10% (Stellar 1-Step) |
| Daily loss limit | 5% (2-Step); 3% (1-Step); equity-based | 5% (2-Step); 3% (1-Step); fixed % of initial balance |
| Max drawdown | 10% static (2-Step); 10% EOD trailing (1-Step) | 10% static (2-Step); 6% static (1-Step) |
| Drawdown type | Static (2-Step); end-of-day trailing (1-Step) | Static (Stellar Instant: 6% trailing) |
| Minimum trading days | 4 per phase (2-Step); none (1-Step) | 5 per phase (2-Step); 2 (1-Step) |
| Consistency rule | 1-Step only: best day 50% or less of total closed profit | None in evaluation; On-Demand reward needs best day 40% or less |
| News trading | Allowed in evaluation; 2-minute window blocked on funded Standard accounts (Swing exempt) | Allowed in challenges; funded profits within 5 minutes of high-impact news count at 40% |
| EAs / bots | Allowed, with server limits and forbidden-practice rules | Only $5k to $25k accounts with paid add-on, MT4/MT5 |
| First payout | Day 14 after first trade on the FTMO Account | 21 days from funded activation (default 2-Step cycle) |
| Payout frequency | On request once eligible (no fixed cycle) | Every 14 days after the first (other cycle options available) |
| Payout methods | Bank wire, Visa Direct/Mastercard Send, Skrill, crypto | USDT, USDC, RiseWorks, bank transfer, card, FNmarkets deposit |
| Platforms | MT4, MT5, cTrader, TradingView (via OANDA) | MT4, MT5, cTrader, Match-Trader |
| US traders | Yes, through affiliated US entity (ftmo.oanda.com) | Yes, Match-Trader only, no EAs |
| Trustpilot | 4.8 (55,579 reviews) | 4.5 (82,825 reviews) |
Rows marked "not published" or "not verified" could not be confirmed on the official pages we reviewed in November 2026.
FundedTime scores
FTMO scores 8.8/10 and ranks first of the 11 forex and CFD firms we track. FundedNext scores 8.2/10 and ranks third. Scores follow our published methodology, including how much we could verify, and are not a guarantee of results.
Pricing and fees
FundedNext publishes a full USD table. Stellar 2-Step costs $59.99 ($6,000), $119.99 ($15,000), $199.99 ($25,000), $299.99 ($50,000), $549.99 ($100,000) and $1,099.99 ($200,000), though the help center lists $999.99 for $200,000. Stellar 1-Step costs $65.99 to $1,099.99 and Stellar Lite $32.99 to $798.99. US clients see a separate list ($529.99 for a $100,000 2-Step). Resets cost about 9 to 10% less than the original fee.
FTMO publishes only starting prices in euros on its global site: from €89 for the 2-Step, €79 for the 1-Step and €169 for the Instant Account. We could not find a readable per-size table, so compare at checkout in your currency. FTMO does not publish a reset product.
Both refund the main 2-Step fee with the first reward. FundedNext also refunds the 1-Step and Lite fees, with the third reward; FTMO does not refund its 1-Step or Instant fees.
Rules and drawdown
FTMO's 2-Step targets 10% then 5% with 4 minimum trading days per phase. FundedNext's Stellar 2-Step targets 8% then 5% with 5 per phase. Both use a 5% daily limit and a 10% static maximum loss, so on $100,000 the floor is $90,000 at both and never moves.
The daily limits are measured in a similar way. FTMO's floor is the day's opening balance at midnight Prague time minus 5% of initial capital, checked against equity. FundedNext's is a fixed 5% of the initial balance from where the day starts, counting realised and unrealised P&L, swaps and commissions, and resets at 00:00 server time; it does not name the server time zone.
The one-phase products differ more. FTMO's 1-Step uses a 10% target, a 3% daily limit, a 10% end-of-day trailing maximum loss and a 50% best-day rule (orders from 12 October 2026). FundedNext's 1-Step uses a 10% target, a 3% daily limit, a 6% static maximum loss, 2 minimum days and no consistency rule.
Leverage is a practical difference. FTMO's Standard accounts use 1:100. FundedNext's Stellar 2-Step uses 1:30 on forex, 1:10 on indices and 1:15 on commodities, so the same position needs over three times the margin. Use the margin calculator to check your sizes.
News and holding: FTMO has no news restriction in evaluation; its funded Standard accounts block orders 2 minutes either side of selected releases and must be flat before weekend breaks, unless you choose the Swing type at 1:30 leverage. FundedNext allows news in challenges, but counts funded profits from trades within 5 minutes of high-impact news at 40%, and allows weekend holding on 1-Step, 2-Step and Lite at every stage.
EAs: FTMO allows them within server limits and its forbidden-practices rules. FundedNext allows them only on $5,000 to $25,000 accounts with a paid add-on, on MT4 or MT5, and not for US clients.
Worked example: $100,000 2-Step, from Phase 1 to first payout
Phase 1. FundedNext needs $108,000 in at least 5 trading days; FTMO needs $110,000 in at least 4. Suppose you make +$1,500, −$2,500, +$3,000, +$2,800 and +$3,400. You reach $108,200 on day 5 and pass FundedNext's Phase 1. On FTMO you still need $1,800 more. On day 2, both firms set the day's floor at $96,500 ($101,500 minus $5,000), so the $2,500 loss is safe at both.
First payout on $6,000 of funded profit.
- FTMO: request from day 14 after your first funded trade. At 80% you receive $4,800, plus the 2-Step fee refund.
- FundedNext, default cycle: request 21 days after funded activation. At 80% you receive $4,800, plus the $549.99 refund.
- FundedNext, On-Demand: with at least 2% growth and no day above $2,400 (40%), 90% pays $5,400.
- FundedNext, 3 Profitable Day reward: 60% pays $3,600.
If $1,000 of the profit came from a trade closed within 5 minutes of high-impact news, FundedNext would count $400 of it. At FTMO, a Standard account could not have opened or closed that order within 2 minutes of the release. Size your trades with the position size calculator.
Payouts
FTMO's first reward is available on day 14, then on request once eligible, with no fixed cycle. The 2-Step pays 80% (90% through the Scaling Plan or Premium Programme); the 1-Step and Instant pay 90%. Methods are bank wire, Visa Direct or Mastercard Send, Skrill and crypto. FTMO reviews requests within 1 to 2 business days and sends approved rewards within a further 1 to 2. Its Scaling Plan adds 25% every four months, up to $2,000,000 across accounts.
FundedNext's 2-Step pays every 14 days after the first 21-day cycle at 80%, rising to 90% after a scale-up, with the alternative cycles above and a Lifetime 95% add-on. Outside the US, passing traders can also earn a 15% reward on challenge-phase profit at their first scale-up. Methods are USDT, USDC, RiseWorks, bank transfer, card and FNmarkets deposit, usually issued within 24 hours. See the FTMO payout guide and FundedNext payout guide.
Platforms and US access
FTMO supports MT4, MT5, cTrader and TradingView (through OANDA). FundedNext supports MT4, MT5, cTrader and Match-Trader. Both accept US traders through restricted routes: FTMO via ftmo.oanda.com on TradingView or MT5, and FundedNext on Match-Trader only, without EAs or the 15% challenge reward.
Who each firm suits
FTMO
Traders who want higher leverage, TradingView access, permissive EA rules, one simple payout route and the longest record in our data, and who can handle a 10% Phase 1 target.
FundedNext
Traders who want published USD prices, a lower 8% Phase 1 target, weekend holding on funded accounts and a choice of reward cycles, and who can work with 1:30 leverage.
Which should you choose if…
- You want the easier Phase 1 target: FundedNext at 8%.
- You need higher leverage: FTMO at 1:100 on Standard accounts.
- You hold over weekends once funded: FundedNext, or FTMO's Swing account.
- You run an EA on a $100,000 account: FTMO.
- You want to be paid on demand at 90%: FundedNext's On-Demand reward, if you meet its 40% best-day rule.
Bottom line
FTMO scores 8.8/10 and ranks first of the 11 forex and CFD firms we track; FundedNext scores 8.2/10 and ranks third. FTMO is simpler and more permissive on leverage and EAs. FundedNext is cheaper to compare, easier to pass and more flexible on payout timing, at the cost of more conditional rules.
Read the full FTMO review and FundedNext review, see FTMO vs The5ers and FundingPips vs FundedNext, or compare more firms in the comparison tool.
Sources (checked November 2026): FTMO: ftmo.com/en/trading-objectives, ftmo.com/en/2-step-challenge, ftmo.com/en/1-step-challenge, ftmo.com/en/faq/how-do-i-withdraw-my-profits, ftmo.com/en/faq/who-can-join-ftmo, trustpilot.com/review/ftmo.com; FundedNext: fundednext.com/cfds/stellar-2-step, fundednext.com/general-rules/cfds/trading-objectives, help.fundednext.com Stellar 2-Step, trustpilot.com/review/fundednext.com.
FAQ
Is FTMO or FundedNext cheaper?
FundedNext publishes USD prices, from $59.99 for a $6,000 Stellar 2-Step to $549.99 for $100,000. FTMO lists only starting prices, from €89 for the 2-Step. Both refund the 2-Step fee with the first reward.
Which has the easier profit target?
FundedNext's Stellar 2-Step asks for 8% then 5%. FTMO's 2-Step asks for 10% then 5%. Both use a 5% daily limit and a 10% static maximum loss.
How much leverage do FTMO and FundedNext offer?
FTMO's Standard accounts offer 1:100 on forex (1:30 on Swing). FundedNext's Stellar 2-Step offers 1:30 on forex.
How soon can I get paid?
FTMO's first reward is available from day 14 after your first funded trade. FundedNext's default Stellar 2-Step cycle pays 21 days after funded activation, then every 14 days; other cycles are available.
Do both firms accept US traders?
Yes, with limits. FTMO serves US residents through ftmo.oanda.com on TradingView or MT5. FundedNext accepts US clients on Match-Trader only, without EAs.
Educational content only, not financial advice. Trading involves substantial risk of loss. Prop firm rules change often; check the firm's official terms. Some links may be affiliate links; see our disclosure.
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