Compare
Fees from each venue's own fee page, market data from DefiLlama and CoinGecko, and the campaigns running on each right now. We don't pick a winner: what fits depends on what and where you trade.
| Type | Prop firm | Prop firm |
| Trade | Forex, Commodities, Indices, Futures | Forex, Commodities, Indices |
| Maker fee | Not confirmed | Not confirmed |
| Taker fee | €89 for $10K 2-Step Challenge (€540 for $100K) | $59.99 for 6K Stellar 2-Step challenge ($549.99 for 100K) |
| Fee notes | One-time fee charged in EUR (the 1-Step fee is non-refundable; the 2-Step fee may be refunded with the first reward) for USD account sizes; 1-Step Challenge from €79 ($10K) to €999 ($200K). Up to 90% reward split on the FTMO Account. Simulated trading; up to $200K per account. | One-time fee, no recurring costs. Stellar Lite from $32.99 (5K); Stellar 1-Step $65.99 (6K) to $1,099.99 (200K); futures Flex and Rapid challenges also offered (often discounted). Up to 95% reward share; average reward processing about 40 hours. |
| Open interest | – | – |
| Volume 24h | – | – |
| Volume 30d | – | – |
| Launched | 2015 | 2022 |
| Regulators | – | – |
| Venue score (beta) | Not enough data | Not enough data |
| Live campaigns | 2 | 1 |
| Join FTMO ↗ | Join FundedNext ↗ |
By Julian Stafford, Co-Founder, Surgence Labs · 11 Oct 2026 · 5 min read
FTMO and FundedNext both sell evaluations that lead to simulated funded accounts, not real brokerage accounts. FTMO is the older firm, prices in euros and keeps a small menu of two CFD challenges plus a newer futures product. FundedNext is cheaper at the entry level and offers more challenge models, at the cost of more rules to compare.
FTMO's 2-Step page prices the challenge from €89 for a $10K account to €1,080 for $200K, with €540 for $100K. The 1-Step runs from €79 to €999 and is labelled a one-time, non-refundable fee. The 2-Step fee is reimbursed with your first reward.
FundedNext's Stellar 2-Step costs $59.99 for 6K and $299.99 for 50K, and its fee comes back with the first reward. The Stellar 1-Step runs from $65.99 (6K) to $1,099.99 (200K), with the fee refunded at the third reward. Stellar Lite is the budget option, from $32.99 to $798.99.
Both firms' CFD challenges cover forex, indices and commodities. FTMO runs on MT4, MT5 and cTrader, according to its homepage. FundedNext lists CFD and futures challenges, and US clients are limited to Match-Trader with no expert advisors, per its US client guide.
For futures, FTMO Futures offers Growth and Pro accounts on live CME market data in a simulated environment, with a 90% payout ratio. FundedNext Futures runs on NinjaTrader and Tradovate; its Flex challenge is $69.99 for $50K at the time of writing, with a $2,500 target and a $1,500 end-of-day maximum loss.
FTMO's trading objectives for the 2-Step are a 10% target, then 5%, a 5% daily loss limit and a static 10% maximum loss, with at least 4 trading days per phase and no time limit. The 1-Step asks for 10% with a 3% daily loss limit and a 10% trailing maximum loss. It adds a consistency rule: your most profitable day must not exceed 50% of the profit from all your positive days.
FundedNext's Stellar 2-Step asks for 8%, then 5%, with a 5% daily loss limit, a 10% maximum loss and 5 trading days per phase. The Stellar 1-Step is tighter: 10% target, 3% daily loss and 6% maximum loss, with 2 minimum days. Both firms set no time limit.
On payouts, FTMO lets you request a reward from the 14th day after your first trade, per its withdrawal FAQ. FundedNext's 2-Step pays the first reward after 21 days and every 14 days after that, plus 15% of challenge profit targets at the first scale-up. Its 1-Step pays every 5 business days. Our guide to how prop firm challenges work explains these terms.
FTMO advertises 20% off the $100K 1-Step Challenge, with no end date shown. Its Futures launch competition runs to 18 October but is for affiliates only.
FundedNext's free October 2026 monthly competition runs to 15 October, with $8,000 in cash plus funded accounts for 760 winners. See all current deals on /bonuses and how contests are scored in how trading competitions work.
FTMO accepts clients over 18 globally, with a long list of exclusions including Russia, Belarus, Cuba and parts of Ukraine, per its eligibility FAQ. US clients use a separate affiliated site at ftmo.oanda.com.
FundedNext publishes separate restricted lists for CFDs and futures. The CFD list includes Bangladesh, Malaysia, Vietnam and Sri Lanka. Both firms ban using a VPN to get around restrictions.
FTMO s.r.o. is a Czech company founded in 2015, according to its site. Its footer states that all accounts are demo accounts with fictitious funds. In December 2025 FTMO completed its acquisition of OANDA, a regulated broker group, after approvals from five regulators. FTMO's prop evaluation itself is not a regulated brokerage service.
FundedNext was founded in 2022 and describes trading "in a simulated environment" on its homepage. It says it operates within the UAE regulatory framework but names no financial licence there. With either firm, the money you put at risk is the fee, and payouts depend on the firm's rules and its ability to pay.
No. Both firms say you trade in a simulated environment. Rewards are paid by the firm from its own funds under its terms.
FundedNext's Stellar 2-Step first phase asks for 8%, against 10% at FTMO. The second phase is 5% at both.
On the 2-Step at both firms, yes, with the first reward. FTMO's 1-Step fee is non-refundable. FundedNext refunds its 1-Step and Lite fees at the third reward.
FTMO serves US clients through ftmo.oanda.com. FundedNext accepts US clients on Match-Trader only.
This comparison is information, not financial advice. Trading carries risk, and fees and terms change: check each venue's own pages before you trade.
