How many FundedNext accounts can I have

Introduction

Managing multiple trading accounts can be a strategic approach for diversifying trading strategies and mitigating risk. FundedNext offers traders the flexibility to hold multiple accounts, but it's essential to understand the platform's allocation limits and guidelines to optimize your trading experience.

How Many FundedNext Accounts Can I Have?

FundedNext allows traders to maintain a maximum aggregate allocation of $300,000 across all their FundedNext accounts. This limit can be reached through a combination of different account types, including Stellar 1-Step, Stellar 2-Step, Stellar Lite, Express, and Evaluation accounts.

Example Allocations:

• Acquire one Express account with a $100,000 balance and two Stellar accounts, each with a $100,000 balance, totaling $300,000.
• Obtain one Express account worth $50,000, one Stellar 2-Step account worth $100,000, one Stellar 1-Step account worth $50,000, and two Stellar Lite accounts, each with a $50,000 balance, summing up to $300,000.

It's important to note that this $300,000 allocation limit does not apply to Challenge Accounts. For instance, a trader can purchase multiple $100,000 Challenge Accounts and trade them during the Challenge phase. However, upon reaching the profit target, only three accounts will transition to the FundedNext phase, as the maximum limit for FundedNext accounts is $300,000. The remaining accounts will be paused and can be reactivated if any of the FundedNext accounts are breached.

Country-Specific Allocation Limits:

Traders from certain countries have specific allocation limits:

• Cambodia, Mongolia, Slovakia, Slovenia, Taiwan, Ukraine, the Czech Republic, and Pakistan: Maximum allocation of $50,000 across all accounts.

If a trader from these countries has previously purchased accounts exceeding the $50,000 limit, they will not be eligible to reset those accounts.

Managing Multiple Accounts

Holding multiple FundedNext accounts allows traders to diversify strategies and manage risk effectively. However, it's crucial to adhere to the allocation limits and ensure that the combined balance across all accounts does not exceed the maximum allowed. Additionally, while FundedNext permits multiple accounts, merging accounts is subject to specific guidelines, and traders should review these policies to ensure compliance.

Conclusion

Understanding how many FundedNext accounts can I have and allocation policies is essential for effective account management and strategy implementation. By adhering to these guidelines, traders can optimize their trading activities while remaining compliant with FundedNext's regulations. For more detailed information, refer to FundedNext's official guidelines or contact their support team.