Next Step Funded Frequently Asked Questions

Official Telegram Channel: @NextStepFunded

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.

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 EAs is found on your account, NextStepFunded will consider this practice as a
violation of the rules, and we will terminate your account without warning.

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

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 EAs is found on your account, NextStepFunded will consider this practice as a
violation of the rules, and we will terminate your account without warning.

Can I start again if I don't violate any rules?

Yes, you can get a free repeat.

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 trade using your Mobile with MT4 app.
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.
We pay out with DEEL.

How long does it take to become a live trader once I pass the evaluation?
Instantly. Once you pass the evaluation, you can follow the prompts in your Evaluation pass email
and get your live funded account right away. Our team will separately reach out to you to get your
contract signed using Deel. Trading will be enabled once your Deel KYC is complete

What is Deel?
When you become a live trader with us, you are legally contracted to our business and a part of the
team! As such we use Deel as our remote workforce management tool to contract you to our prop
firm and payout your earnings.

Which Platforms Can I Use for My Trading?

You are permitted to trade your account with the MT4 platform which is provided by ASIC-regulated
broker EightCap.

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.
We pay out with DEEL.

What Is Your Leverage?

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

How is drawdown calculated?

Our drawdown is static, this 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 you drawdown limit remains on 88k. So, as long as your balance/equity
(whichever is lower) is over 88k, you will not violate the overall drawdown.

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
payout, and after that we can payout bi-weekly

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

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

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

Next Step Funding 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.

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

Spread and Commissions

Next Step Funding is partnered with Eightcap as our broker to offer industry leading spreads and
commissions for traders. To understand their account offering that we use see here:
https://www.eightcap.com/en/trading/trading-conditions/spreads/

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.

Consistency Rule
FUNDED ACCOUNTS ONLY
◦ First month minimum 10 trading days

◦ Second month minimum 5 trading. Days

◦ Require for the first 2 months Your average trade size is used to calculate your trading range. 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.

No single trade can account for 50% or more of your total Required Return or total Target Return.
For example, if a trader has a total profit of $5,000 he cannot have a single trade with profit of more
than $2,500 which is more than 50% of his total profit.

Is hft/tick trading allowed on challenge phases?

Yes, it is allowed on both phases
How to get phase 2 logins
Please go to “New Evaluation Plan” then scroll to verification column and find your account size.
Press “start new challenge” (only click once it will automatically send you an email with your new
logins.

How to get funded account logins

please go to “New Evaluation Plan” then scroll to Funded column and find your account size. Press
“start new challenge” (only click once it will automatically send you an email with your new logins.

Official Telegram Channel: @NextStepFunded