15% OFF ALL CHALLENGES (use code jan15) VALID UNTIL 31/01
Free competition LEARN MORE 
Backed by 
Get a Forex Funded Account with NextGen Funding
Pass the NextGen Funding evaluation, trade major, minor, and exotic FX pairs on a Simulated Funded Account of up to $200,000, and earn up to 90% of the profits you generate.
Join the Arena
Backed by Errante. Get 20% off with code PASS20.
In short: A forex funded account from NextGen Funding lets you trade FX pairs on a Simulated Funded Account of up to $200,000 after passing a trading evaluation. You keep up to a 90% profit split, trade with unlimited days and balance based drawdown, and request payouts that are processed within 24 to 48 hours of approval. As a forex prop firm, NextGen Funding runs demo accounts with simulated funds that use real market quotes. NextGen Funding is backed by the multi regulated broker Errante.
A forex funded account lets you trade the currency markets on a Simulated Funded Account with fictitious virtual funds, without risking your own capital beyond a refundable evaluation fee. You prove your skill on a trading evaluation, and once you pass you become a funded forex trader on a Simulated Funded Account where every payout is based on the performance you produce.
As a modern forex prop firm, NextGen Funding runs demo accounts with simulated funds that use real market quotes, so your forex prop trading happens in live FX conditions through MetaTrader 5 in a fully simulated environment. Your job is to trade with discipline, and in return you keep up to 90% of the profit your funded forex account generates.
- $200KMax account size
- 90%Profit split up to
- 24-48hPayout processing
- ∞Unlimited days
Why choose NextGen Funding as your forex prop firm
Unlimited Trading Days
Every challenge gives you unlimited days to reach your forex funded account at your own pace.
Up to 90% Profit Split
Keep the majority of the profit your forex funded account generates with one of the best splits among forex prop firms.
Balance Based Drawdown
A fairer drawdown model that gives you room to manage open FX trades without sudden breaches.
Raw Spreads, $3 Commission
Spreads from 0.1 pip with a $3 per lot commission on FX pairs and Metals only.
EAs and Weekend Holding
Automate your forex prop trading with Expert Advisors and hold positions through the weekend.
Fast Payouts
Approved withdrawals are processed within 24 to 48 hours, paid by bank transfer or crypto.
How to become a funded forex trader
Choose Your Challenge
Pick your prop firm challenge, Standard, Rapid, or Ace, and a size from $5,000 to $200,000, then trade the FX markets within the profit target and drawdown rules.
Pass
Clear your evaluation phases. Standard and Rapid are two phase, and the Ace Challenge is a single phase route to funding.
Verify
Complete a quick KYC verification when you claim your simulated funded account.
Trade & Earn
Trade your Simulated Funded Account of up to $200,000, keep up to a 90% profit split, then grow through the scaling plan up to $1,000,000.
Which challenge suits a forex trader
| Challenge | Phases | Profit Target | Max Drawdown | Daily Loss Limit | Min Trading Days | News Trading |
|---|---|---|---|---|---|---|
| Standard | 2 phase | 10% then 5% | 10% | 5% | 3 | Allowed in both phases |
| Rapid | 2 phase | 8% then 5% | 8% | 5% | 0 | Not allowed |
| Ace | 1 phase | 10% | 6% | 3% | 3 | Not allowed |
News trading matters most on FX pairs, where high-impact releases move price fastest. The Standard challenge is the only evaluation that allows news trading in both phases, which suits traders who trade around the calendar. Rapid removes the minimum-days requirement, and Ace is the single-phase route with the tightest limits. On funded accounts, the news restriction applies to all three.
Forex funded account sizes and fees
| Account Size | Standard & Rapid Fee (PASS20) | Ace Fee (PASS20) | Profit Split |
|---|---|---|---|
| $5,000 | $41 | $46 | Up to 90% |
| $10,000 | $90 | $100 | Up to 90% |
| $25,000 | $179 | $204 | Up to 90% |
| $50,000 | $329 | $379 | Up to 90% |
| $100,000 | $529 | $629 | Up to 90% |
| $200,000 | $1,069 | $1,269 | Up to 90% |
Prices shown include the PASS20 discount. The evaluation fee is fully refundable and returned with your first payout.
Frequently asked questions
What is a forex funded account?
A forex funded account is a Simulated Funded Account on which you trade FX pairs after passing an evaluation. You choose one of three available challenges, pass it, and then trade an account funded from $5,000 up to $200,000 in live market conditions, keeping up to 90% of the profit you generate, without risking your own money beyond a refundable evaluation fee.
How do I get a forex funded account with NextGen Funding?
You choose one of three available challenges and complete its evaluation. Standard and Rapid are two phase, and Ace is single phase. Once you pass, you receive your forex funded account. You are never funded instantly; the evaluation comes first.
Which challenge is best for forex trading?
All three let you trade FX pairs. Standard is the only evaluation that allows news trading in both phases, which suits traders who trade the economic calendar, and it offers the widest drawdown at 10%. Rapid has no minimum trading days. Ace is the single phase route with a 6% drawdown and a 3% daily loss limit.
Which forex pairs can I trade?
You can trade major, minor, and exotic FX pairs, subject to MT5 symbol availability. Alongside forex you may also trade CFDs on Indices, Commodities, Stocks, Metals, Cryptocurrencies and Futures.
What leverage and commission apply to forex?
Forex uses dynamic leverage of up to 1:100, which steps down as your total position size grows, so larger exposure carries lower leverage. Commission is $3 per lot on FX pairs and Metals only, with spreads from 0.1 pip.
Can I trade the news on a forex funded account?
News trading is allowed in both phases of the Standard challenge. On funded Standard, Rapid, and Ace accounts, you may not open or close a position from two minutes before to two minutes after a high-impact (red) news release. A position opened at least two minutes before that window may remain open through it.
Is a forex funded account a demo or a real account?
All accounts, including challenges and funded accounts, are simulated demo accounts traded in a live market environment with real prices and execution. The payouts you earn are real, based on your simulated performance, with a profit split up to 90%.
How much does a forex funded account cost?
You pay a one time evaluation fee to enter your chosen challenge. It is fully refundable, reimbursed with your first payout once you become funded.
What trading platform does NextGen Funding use?
NextGen Funding runs on MetaTrader 5 (MT5), which we license directly. Trading on MT5 is one of the advantages of NextGen Funding, the prop firm backed by Errante.
Is NextGen Funding a legit prop firm?
NextGen Funding is backed by Errante, a globally trusted multi regulated broker, and provides simulated trading accounts and educational tools in a live market environment with real payouts.
How fast are payouts on a forex funded account?
Payout requests are processed within 24 to 48 hours of submission, which is among the fastest in the prop trading industry.
Ready to trade a forex funded account?
Register, join the Arena, and start your NextGen Challenge today. A Simulated Funded Account of up to $200,000 and a 90% profit split are within reach.
All accounts we provide to our clients are demo accounts with fictitious funds and any trading is in a simulated environment only.
Please note that all accounts we provide to our clients are demo accounts with fictitious funds and any trading is in a simulated environment only.
For more information, please feel free to visit our FAQ section.