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NEXTPROPTRADER – OVERVIEW (AS OF JULY 2025)
🏢 GENERAL INFORMATION
- Founded: 2023
- Headquarters: USA
- Website: nextproptrader.com
- Type: Prop firm offering one-phase challenges
- Ideal For: Traders seeking quick funding and minimal rules
💸 CHALLENGE TYPES & PRICING
- One-phase model – no need to pass multiple stages
- No time limits – trade at your own pace
- Reset anytime (for a fee)
📋 TRADING RULES
- Daily Loss Limit: 4%
- Total Drawdown Limit: 6%
- No minimum trading days
- No lot size restrictions
- News trading allowed
- Weekend holding allowed
- Expert Advisors (EAs) allowed
💰 PAYOUT STRUCTURE
- First Payout: After 14 calendar days
- Then: Weekly payouts available
- Payout Methods: Wise, Crypto, or Bank Transfer
- Profit Split:
- Starts at 80%, increases to 90%
🖥 PLATFORMS
- MetaTrader 4 / MetaTrader 5
- TradingView (via integrated broker)
- No NinjaTrader support
🔄 RESET POLICY
- Accounts can be reset at any time (soft reset)
- You don’t need to buy a new challenge if you fail
🌟 KEY FEATURES
- No time limit to pass the challenge
- Frequent promotions (10–50% off)
- Crypto trading & automated strategies allowed
- Public leaderboard & Discord community
✅ PROS
- One-phase only – fast funding
- Generous drawdown (6%)
- Fast payout schedule (after 14 days)
- EA-friendly, news & weekend trading allowed
- Lower cost than many competitors
⚠️ CONS
- Newer firm – limited track record
- No NinjaTrader support
- No true scaling plan or capital backing
- Not a CFTC-regulated broker (like most retail prop firms)
🧠 CONCLUSION
NextPropTrader is a promising and flexible prop firm with a simplified one-phase evaluation, no time pressure, and fast payouts. It’s ideal for experienced traders who want to get funded quickly and trade with freedom. While it lacks some institutional-level credibility, it offers excellent value and minimal restrictions — making it a solid choice among modern retail prop firms.
🎟 CODE:
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