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Frequently Asked Questions

Got a question? We’ve got answers. If you have some other questions, contact us using email at [email protected]

General

  • When will I get my account credentials after payment?

    You should receive your account credentials within 5 minutes from your payment. When your account is created you will receive a notification from us via email. If you do not find our email after making the payment, please check your spam/junk folder.

  • Why do you only offer funding plans up to $200,000?

    Next Step Funded was founded by experienced traders and liquidity risk managers. We see $200k as an optimal maximum amount of capital before excess levels of slippage and poor trade conditions not suited to retail traders will set in.

  • Can we use a VPS?

    Yes, utilizing a VPS for your setup is not only possible but recommended for optimal performance. To enhance the functionality and reliability, we advise pairing your VPS with a static IP. This combination ensures a stable and secure connection, facilitating smoother operations.

    For an ideal VPS solution, we recommend checking out this trusted provider: Forex Host. They offer excellent services tailored to meet your requirements.

  • Do you allow account merging?

    No, we don’t allow account merging at this moment.

  • Does my account have to be in my name?

    Yes, as we are on the lookout for individual traders and often make payouts to bank for account live traders. As such accounts must be created in your own name.

  • Are the trading accounts at the funded stage real?

    All new funded traders begin on demo accounts, simulating real-time trading conditions. During this demo stage, the profits are virtual. Traders, when following our rules, can receive payouts from a combination of our live market profits and challenge revenue. After consistently profiting for at least 4 months, we evaluate their performance. If traders meet our standards than transition from the demo to live market trading.

  • How long does it take to become a live trader once I pass the evaluation?

    After passing the final phase, you must complete your KYC, found in your trader dashboard’s profile section. After KYC approval, we’ll send you the contract and funded account logins within 1-3 business days.

  • Do I pay tax on my trade earnings?

    We classify our live traders as independent contractors. As such you invoice Next Step Funding for your earnings and must report this yourself to your relevant tax authority

  • Is there an age requirement to get funded?

    Yes, the minimum age to participate in all of our programs is 18 years of age or older.

  • How many accounts can I trade at any given time?

    While we do not have limits on the number of accounts a trader can have, we do limit the total account value of all accounts held by a person to $600,000 USD

  • How long do withdrawals take?

    We aim to process payouts as quickly as possible. Our average withdrawal processing time is within 1-4 business days.

  • How Do I Withdraw My Profits?

    You can withdraw your profit from your client portal, please ensure you are in profit at the end of the trading cycle and all positions are closed.

  • Is there a minimum withdrawal amount?

    Yes, 100$

  • What Is Your Leverage?

    For all your Next Step Funded accounts, you will get 1:30 leverage.

  • Where can I download the trading platform?

    Here: Download  Alternatively, you can download the platform from your trader portal.

  • Are there any monthly fees?

    No, there are no monthly fees.

  • Will I get a certificate once I pass to a funded account?

    Yes, We value your skills and knowledge, and as a recognition for your achievement, you will receive a certificate from Next Step Funded.

  • Can I trade on my mobile?

    Yes you are allowed to use Eightcap’s trading platform on your mobile.

  • Residents of which country are NOT allowed to apply for Next Step Funded?

    We currently do not accept clients from the following Afghanistan, Burundi, Central African Republic, Congo Republic, Cuba, Crimea, Democratic Republic of Congo, Eritrea, Guinea, Guinea-Bissau, Iran, Iraq, Kosovo, Liberia, Libya, Myanmar, North Korea, Papua New Guinea, Pakistan, Somalia, South Sudan, Sudan, Syria, Vanuatu, Venezuela, Yemen, Zimbabwe

  • Spread and Commissions

    Nextstepfunded has partnered with Eightcap to offer industry-leading spreads and commissions. Traders utilizing Eightcap’s trading platform will incur a fee of $5 per lot on all raw instruments. To understand their account offering that we use see here: https://www.eightcap.com/en/trading/trading-conditions/spreads/

  • Which Platforms Can I Use for My Trading?

    You are permitted to trade your account with the Eightcap’s trading platform, which is provided by ASIC-regulated broker EightCap.

  • Do you allow EA’s and indicators?

    Yes, you are allowed to use EAs, including tools for managing risks, auto trading bots as well as third-party bots. We do not allow any of the following EAs on funded accounts: Reverse arbitrage Hedge arbitrage Latency arbitrage Tick scalping Copying trades from other traders If any of this type of EA is found on your account, NextStepFunded will consider this practice a violation of the rules, and we will terminate your account without warning. 

  • Can I copy trade? | Can I use social trader tools? | Can I copy trades from other prop firms?

    While you’re allowed to use trade copiers to replicate your own personal trades onto your Next Step Funded account, be mindful of unintentional mirroring of other clients’ trades. Your Next Step account can serve as the master account, or it can receive trades from your other accounts. 

    However, be aware that you don’t place identical orders simultaneously with other traders on our platform. This can be a consequence of using common Expert Advisors (EAs), account management services, or third-party signals. If our system detects identical consecutive orders from two or more users, it is considered a policy violation. This rule is especially important during the funded trading stage. While EAs are permitted, we strongly recommend using a unique set file or verifying that no other traders are employing the same EA on our servers. This helps prevent our system from identifying duplicate orders. 

  • Is hedging allowed?

    Yes, hedging is allowed, however, using multiple accounts to hedge entries between them will be considered a violation of the rules.

  • Do you allow trading over the weekend?

    Yes, you are allowed to hold trades overnight and on the weekends.

  • Can We Trade News?

    Yes, News trading is allowed.

  • Is there an inactivity rule?

    Yes, after 30 days of inactivity, the account will be terminated.

  • What will happen if I don’t meet the minimum trading days rule in the first 30 days of first trade on a funded account?

    Your withdrawal will be declined.

  • How is drawdown calculated?

    Our drawdown is static, which means that the drawdown level does not change as your account balance changes. The overall drawdown is set at maximum of 12% from the initial account balance. This means that your account balance or equity can’t go below 88% of the initial balance at any time during your whole trading journey. It implies that your account balance or equity should always be over 88% of the initial account balance to avoid rule violations. For example, for a 100k account, your maximum loss limit is $12k. If you made some profits and now your account balance is 110k your drawdown limit remains at 88k. So, as long as your balance/equity (whichever is lower) is over 88k, you will not violate the overall drawdown.




     

  • How do I calculate the average lot size?

    The formula provided is used to calculate a trader’s average trade size, which is an important metric to evaluate trading performance and consistency. 

     

    Here’s a detailed explanation:

    1. Total Lots Traded (not including pending orders): This refers to the sum of the lot sizes for all executed market order trades. Pending orders, such as limit and stop orders, are not considered in this calculation as they have not been executed yet.

    2. Total Market Order Trades: This is the total number of executed market orders, which are trades that get filled immediately at the current market price.

    To calculate the average trade size, divide the total lots traded by the total market order trades: Average Trade Size = Total Lots Traded / Total Market Order Trades 

    For example, suppose a trader has executed 20 market order trades with a total of 200 lots traded. The average trade size would be: Average Trade Size = 200 lots / 20 trades = 10 lots 

  • What is considered a single trade?

    Regardless of how a trade is split up, it’s counted as one entry. For instance, trading 1 lot or splitting it into two 0.5 lots are both considered a single trade.

  • Trade range calculator

    (make a copy so you can edit it and add your data) Click Here

  • Is it possible to skip initial withdrawals to sidestep consistency rules?

    No, traders cannot evade our consistency rules by delaying their withdrawals. Whether a trader’s first withdrawal occurs after 1 month or 3 months, they must follow the rules stipulated for the first month’s withdrawal.

  • Why is there a consistency rule?

    Our two-step funded account process does have stricter rules, and we are conscious of this. The reason behind these rules is that we permit High-Frequency Trading (HFT) to pass the challenge, which essentially manipulates the system. If you can successfully complete the challenge manually, you may proceed to the one-step challenge, where no consistency rules apply.

  • I have passed the evaluation but haven’t received a funded account?

    Once you pass your evaluation, you need to complete the Know Your Customer (KYC) process in the My Profile section of your account. This process usually takes 1-3 business days for our team to review. If your KYC review fails or encounters some error, please email

  • Today is my payout day, but I still can’t see any withdrawal option?

    The withdrawal option typically appears on your account the day after your scheduled withdrawal date. For example, if your withdrawal date is the 15th of the month, the option to withdraw will appear on the 16th.

  • I have funded my account and completed KYC, but I still can’t withdraw because it says I need to complete KYC?

    If you encounter this issue, please contact our support team via email at [email protected]. We will assist you in resolving this matter.

  • I have received a funded account, but no credentials were sent. Where can I find them?

    Your credentials can be found in the My Profile section of your account. Remember to select the correct account from the dropdown menu on the top left side of your dashboard. If you have further issues, don’t hesitate to reach out to our support team.
    Next Step Funded | FAQs

One-Step Challenge

  • What is minimum trading days on One-Step?

    3 minimum days.

  • What is maximum days on One-Step?

    60 calendar days.

  • Can I start again if I don’t violate any rules?

    Yes, you can get one free repeat. Only if you never broke any rules and are in profit.

  • Do you offer refunds?

    Yes, we offer 100% refund on your first payout.

  • Can we use discount codes on One-Step Challenges

    Yes, you are allowed.

  • How Often can I withdraw?

    Once you become a live funded trader, you must trade with us for at least 30 days for your first two payouts, and after that we can payout bi-weekly

  • Consistency Rules

     FUNDED ACCOUNTS ONLY

    Month 1:

     ◦ No Trade can be more than 50% of your total profit.

     ◦ 80% profit split

     ◦ 5% profit cap

    Month 2:

     ◦ No Trade can be more than 50% of your total profit.

     ◦ 80% profit split

     ◦ 5% profit cap

    Month 3+:

     ◦ 80% profit split

  • Is hft/tick trading allowed on challenge phases

    No, it is not allowed on One-Step.

  • How to get funded account ?

    After passing the phase, you must complete your KYC, found in your trader dashboard’s profile section. After KYC approval, we’ll send you the contract and funded account logins within 1-3 business days.

Two-Step Challenge

  • Can I start again if I don’t violate any rules?

    Yes, you can get one free repeat. Only if you never broke any rules and are in profit.

  • Do you offer refunds?

    You pay a one-time fee for an attempt at the 2-Step Evaluation. The provision of this 2-Step Evaluation is a service. Since services are being rendered instantaneously upon purchase, there are no refunds. All transactions made are final. If you are purchasing an evaluation through Next Step Funded you are doing so in acknowledgement that you will not be refunded.

  • How Often can I withdraw?

    Once you become a live funded trader, you must trade with us for at least 30 days for your first two payouts, and after that we can payout bi-weekly

  • How to calculate trade range?

    our total lots traded (not including pending orders) / total market order trades.

    The range is determined by adding 100% to your average trade size to determine the maximum value and subtracting 75% to determine the minimum value. For example, if your average trade size was 10 Lots. This means that any trades that fall within the range of 2.5 to 20 lots would be considered consistent with your average trade size. Any trades that fall outside of this range will be considered lucky trades and will not be counted towards the minimum trading days requirement.

    (make a copy so you can edit it and add your data) https://docs.google.com/spreadsheets/d/1OOc5TojxSP4mtwRF0V0kAYUyj7hOK35quFFcueQsW0I/edit

  • Consistency Rules

    FUNDED ACCOUNTS ONLY

    Month 1:

     ◦ Minimum 10 days in trade range

     ◦ Profitable trades that fall outside trade will be removed

     ◦ No Trade can be more than 50% of your total profit.

     ◦ 60% profit split

     ◦ 5% profit cap on account

    Month 2:

     ◦ Minimum 5 days in trade range

     ◦ Profitable trades that fall outside trade will be removed

     ◦ No Trade can be more than 50% of your total profit.

     ◦ 70% profit split

     ◦ 5% profit cap on account

    Month 3:

     ◦ 80% profit split

     ◦ 5% profit cap on account

    Month 4+:

     ◦ 80% profit split

  • Is hft/tick trading allowed on challenge phases?

    Yes, it is allowed

  • How to get phase 2 logins

    This will be sent automatically once you pass phase 1.

  • How to get funded account ?

    After passing the phase, you must complete your KYC, found in your trader dashboard’s profile section. After KYC approval, we’ll send you the contract and funded account logins within 1-3 business days.

Scenario 1: Consistently Trading Within the Range?

  • Trader has an average trade size of 10 lots. Based on the given rules, their trade size range would be between 2.5 lots (10 lots * 25%) and 20 lots (10 lots * (200%).

    Throughout Month, Trader makes a total of 30 trades, and here’s a breakdown of their trades:

    1. 18 trades within the 2.5 to 20 lots range
    2. 6 trades below 2.5 lots
    3. 6 trades above 20 lots

    Since Trader has met the minimum 10 days in trade range, the following rules apply:

    1. Profitable trades that fall outside the trade range will be removed.
    2. No trade can be more than 50% of their total profit.

    No single trade should account for more than $3,000 if Trader A’s total profit is $6,000, for example. As long as Trader A’s trades meet these conditions, they will receive a 60% profit split and be subject to a 5% profit cap on their account.

Scenario 2: Falling Short of the Minimum Trading Days Requirement?

  • Trader also has an average trade size of 10 lots, giving them a trade size range of 2.5 to 20 lots. In Month 1, they make a total of 20 trades:

    1. 8 trades within the 2.5 to 20 lots range
    2. 4 trades below 2.5 lots
    3. 8 trades above 20 lots

    In this scenario, Trader falls short of the minimum 10 days in trade range requirement. This means that their trades falling outside the range will not be counted, and does not qualify for the 60% profit split and 5% profit cap.

    To meet the consistency rules, Trader needs to ensure they have a minimum of 10 trades within the specified range during Month 1.

Scenario 3: Adjusting for the 50% Profit Rule?

  • A trader with an average trade size of 10 lots has a range of 2.5 to 20 lots. In one month, they make 25 trades:

    1. 15 trades within the 2.5 to 20 lots range
    2. 5 trades below 2.5 lots
    3. 5 trades above 20 lots

    They meet the minimum 10 days in trade range, but one of their trades within the range accounts for $4,000 in profit. Their total profit before adjustments is $7,000, meaning this trade represents more than 50% of their total profit.

    Since the trade exceeds the 50% rule, it is removed from their profit calculation. The remaining profit from other trades is now $3,000. As long as the rest of their trades meet all the consistency rules, including the minimum 10 days in trade range, the trader would qualify for the 60% profit split and the 5% profit cap.

Scenario 4: Managing Risk and Maximizing Profits within the Rules?

  • A trader with an average trade size of 10 lots has a range of 2.5 to 20 lots. In one month, they make 35 trades:

    1. 25 trades within the 2.5 to 20 lots range
    2. 5 trades below 2.5 lots
    3. 5 trades above 20 lots

    The trader meets the minimum 10 days in trade range and carefully monitors their trades to ensure compliance with all consistency rules. They focus on managing risk by using appropriate stop-loss and take-profit orders, and they make informed decisions based on market analysis and strategy.

    Their total profit before adjustments is $8,500, and no single trade accounts for more than 50% of their total profit. The profitable trades outside the range will be removed, leaving them with a total profit of $7,500.

    In this scenario, the trader qualifies for the 60% profit split and the 5% profit cap. They would receive $4,500 (60% of $7,500) as their profit split, and their account would be subject to the 5% profit cap.

    By adhering to the consistency rules and focusing on risk management, traders can optimize their performance while complying with the requirements for funded accounts. It’s essential to monitor trade sizes and profits regularly to ensure ongoing eligibility for the profit split and cap.

Scenario 5: Trader Achieves Consistency with Proper Risk Management?

  • A trader with an average trade size of 10 lots has a range of 2.5 to 20 lots. In one month, they make 28 trades:

    1. 20 trades within the 2.5 to 20 lots range
    2. 4 trades below 2.5 lots
    3. 4 trades above 20 lots

    The trader meets the minimum 10 days in trade range and diligently follows a risk management strategy. They implement a risk-reward ratio of 1:2, setting stop-loss and take-profit orders accordingly. They also keep themselves updated with market news and technical analysis to make informed decisions.

    Their total profit before adjustments is $9,000. Since none of their trades outside the range were profitable, no adjustments need to be made for their total profit.

    Additionally, no single trade accounts for more than 50% of their total profit.

    In this scenario, the trader qualifies for the 60% profit split and the 5% profit cap. They would receive $5,400 (60% of $9,000) as their profit split, and their account would be subject to the 5% profit cap.

    This scenario demonstrates the importance of staying within the consistency rules and using proper risk management techniques to achieve success in trading. A well-executed plan can help traders maximise their profits while adhering to the requirements of funded accounts.