FundedNext’s August Competition offers $8,000 in cash and $1.7M in challenge accounts to top-performing traders worldwide.
FundedNext’s August Competition offers $8,000 in cash and $1.7M in challenge accounts to top-performing traders worldwide.
Featured News: FundedNext August Competition offers $8,000 in cash and $1.7M in challenge accounts under big rewards but strict trading rules.
FundedNext has officially launched its August Trading Competition, inviting traders from around the world to compete for a total of $8,000 in cash prizes and over $1.7 million in Stellar Lite Challenge Accounts. Registration is now open, offering participants a chance to prove their trading skills in a high-reward, rule-driven environment.
The top three finishers will receive both cash rewards and large challenge accounts. First place earns $5,000 in cash along with a Stellar Lite 100K+ account. Second place will be awarded $2,000 and a 100K+ account, while third place receives $1,000 and a 100K+ account.
Beyond the top three, rewards continue to scale. Those who finish in fourth to tenth place will receive Stellar Lite 50K accounts. Positions eleven through twenty will get 25K accounts, and those ranked twenty-first to fiftieth will receive 10K accounts. FundedNext will award 5K accounts to traders finishing between fifty-first and one hundredth place, and will randomly draw fifty additional participants from the 101st to 600th ranks to receive 5K challenge accounts.
Participants will compete using a $100K Challenge Account provided by FundedNext. The competition enforces strict trading rules. Loss limits are calculated based on balance, with a daily maximum of 5% and an overall maximum of 10%. Traders must complete at least five trading days to qualify. While news trading and holding positions overnight or over the weekend are permitted, the use of expert advisors (EAs) is not allowed.
Each trader can open up to five positions at a time and place no more than fifty trades per day. The platform caps lot sizes at three per instrument for indices, commodities, and metals. It charges a $3 commission per lot for Forex and Commodities, while indices remain commission-free. FundedNext offers swap-free accounts and limits each participant to one account and one IP address.
FundedNext’s August Competition offers a structured and transparent platform for traders to test their strategy and discipline, with substantial rewards on the line for top performers.
Last but not least, for an in-depth Review, click here.
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