Firm Overview
Broker / Environment:
Prop-style simulated environment backed by partnered liquidity providers.
Trading Platforms:
Account Types & Programs:
Key Features:
Instruments & Assets
Type of Instruments:
Assets Offered:
Leverage
| Assets | Instant | 1-Step | 2-Step | 3-Step |
|---|---|---|---|---|
| FX |
1:25
|
n/a | n/a | n/a |
| Indices |
1:10
|
n/a | n/a | n/a |
| Commodities |
1:10
|
n/a | n/a | n/a |
| Crypto |
1:2
|
n/a | n/a | n/a |
Programs at Next Level Funded
Instant Funded Accounts
- Get instant access to simulated funding with no evaluation phase.
- Start with up to $50,000 in simulated capital.
- Max drawdown: 4% (trailing, then locks at starting balance).
- Daily loss limit: 2% based on the highest balance/equity at 00:00 UTC.
- Fees become fully refundable after 3 successful payouts.
- Payouts on a 75% profit split, every 14 days after first trade.
Step Challenge Accounts (1, 2 & 3 Step)
- 1-Step: 10% profit target.
- 2-Step: 8% (Phase 1) and 6% (Phase 2).
- 3-Step: 8% / 5% / 5% across the three phases.
- Unlimited time for completing the evaluation — no time pressure.
- Top-up option available to add balance when in drawdown (before breach).
Drawdown & Risk Limits
Drawdown Limits per Program
-
1-Step Challenge
- Max Drawdown: 6% Trailing (moves with highest equity point).
- Daily Drawdown: 3% based on highest balance or equity at 00:00 UTC.
-
2-Step Challenge
- Max Drawdown: 8% Static (does not trail).
- Daily Drawdown: 4% based on highest balance or equity at 00:00 UTC.
-
3-Step Challenge
- Max Drawdown: 8% Static.
- Daily Drawdown: 4% based on highest balance or equity at 00:00 UTC.
⚠️ Hitting any daily or maximum drawdown limit results in an immediate account breach.
Instant Funded Drawdown Logic
- Daily loss limit: 2% per day (based on higher of balance/equity at 00:00 UTC).
- Maximum loss limit: 4% trailing from highest recorded equity/balance.
- Trailing stops moving once it reaches the starting balance.
- Breaching these limits terminates the instant funded account.
Consistency & Risk Management Rules
Consistency Rules
- Instant Funded Accounts: Your most profitable day must not exceed 20% of total profits at payout time.
- This rule is used to keep trading steady and repeatable, not based on a few lucky spikes.
- If the 20% rule is broken, payouts are paused (not a hard breach) until trading becomes more consistent.
- Basic 1/2/3 Step Challenges: No consistency rule during evaluation, only drawdown and rule-based checks.
Max Risk per Trade
- Traders cannot risk more than 1.5% of the total account balance on a single trade.
- If a trade loses more than 1.5% of the account, the profit split may be reduced to 50%.
- Multiple violations (5+ trades without stop-loss or over-risk) can lead to a hard breach.
Stop Loss & Trade Duration
- In the live/funded phase, a stop loss is mandatory on all trades before they are closed.
- Traders get one warning if ≤5 trades are placed without SL; further violations cause a hard breach.
- All trades must be held for at least 2 minutes. Closing before 2 minutes is a rule violation.
- Five or more high-frequency trades (opened & closed within 1 minute) trigger a warning; repeat = breach.
News Trading, IP & Cheating Rules
News Trading Restriction
- No opening or closing trades 2 minutes before or after a red-folder news event.
- This includes TPs being hit or pending orders triggering inside the restricted window.
- Auto-close on profit target during the restricted period still counts as a violation.
- For evaluations: passing solely because of news trades may invalidate the pass.
- For funded accounts: profits from violating news trades will not be credited.
IP & Location Rules
- Your IP must remain consistent in geographical region (same city / nearby area) across evaluation and live phases.
- Switching between Wi-Fi and mobile data is allowed if the region remains the same.
- Frequent or large IP location changes can trigger security review or suspension.
- If you know you’ll travel or move, contact support beforehand.
Cheating & Prohibited Behaviours
- Exploiting demo flaws or toxic flow (HFT, arbitrage, tick scalping, server manipulation).
- Copy trading from another trader’s account is strictly prohibited.
- Account hedging (long on one account, short on another) to guarantee wins is not allowed.
- Exclusive hedging or EA strategies that only hedge the market are prohibited.
- EAs are allowed but must follow all rules and not behave as HFT/latency/arbitrage tools.
- A “trade” may include multiple entries with similar timing/lot size; tiny random lots do not count.
- Serious violations can lead to immediate termination and loss of eligibility for funding.
Instant Funded Accounts (Detailed)
Core Trading Conditions
- Instant access to funding, no evaluation phase.
- Up to $50,000 simulated account balance.
- Daily loss limit: 2%. Max loss limit: 4% trailing, locking at starting balance.
- Leverage: 1:25 FX, 1:10 Indices & Commodities, 1:2 Crypto.
- Crypto trading allowed on weekends; weekend holds are allowed (mind the gaps).
- Stop-loss is strongly recommended; heavy abuse can lead to hard breach.
Payouts & Refund
- Profit split: 75% to trader.
- First payout: available 14 days after your first trade.
- Subsequent payouts: every 14 days.
- Purchase fee refunded after 3 successful payouts.
- First withdrawal capped at 4% of starting balance, second at 6%, from third onward traditional NLF model (cap lifted).
Instant Funding Consistency Rule
- Most profitable day must not exceed 20% of total profits at payout time.
- If violated, payout is deferred; account is not hard breached.
- Rule encourages steady growth, not single-lottery trades.
Payout Policy – Step Challenges (1, 2 & 3 Step)
- First payout: available 7–14 days after your first trade (depending on payout frequency selected).
- Payouts are processed within 24–48 hours after approval.
- Minimum withdrawal amount: $125.
- First payout: up to 3% of starting balance can be withdrawn.
- Second payout: up to 8% of starting balance.
- From the 3rd payout onward, the cap is removed and traditional NLF withdrawal rules apply.
- Profit split typically starts at 75% and can improve via performance/scaling (per program).
Top-Up Feature
The Top Up feature lets you recover some buffer during drawdown on evaluation or funded accounts (but not on breached accounts).
- Example: You start with $10,000 and drop to $9,600 (–4%). You can purchase a $250 top-up to bring balance to $9,850.
- This gives extra breathing room without resetting your account or losing progress.
- Top-ups cannot exceed the initial account balance and cannot revive breached accounts.
Inactivity & Reapplying
- If you do not place at least one trade within 30 days, the account may be closed for inactivity.
- Inactivity-closed accounts can sometimes be reinstated on request (case-by-case).
- If you breach maximum daily or total loss, your account is flagged, set to read-only, and marked as "Failed" on the dashboard.
- To trade again after breach, you must purchase a new evaluation/instant account.
- Violations of Terms of Use or abuse of the demo environment can result in manual breach and ban.
Additional Information
Next Level Funded uses a mix of trailing and static drawdown models, strict news filters, plus consistency and risk rules to filter for traders with repeatable, disciplined strategies.
Use this page as a structured reference when comparing Next Level Funded with other prop firms — especially if you care about instant funding options, top-up flexibility, strict daily risk limits and consistency-based payout requirements.
