Firm sheet

FundedNext

Understand the rules before you trade.

Multiple evaluation models. Challenge-phase profit share exists on some products. Confirm the exact plan you bought.

Last verified Sep 21, 2026, 12:00 PM. Confirm checkout and the live terms.

Drawdown
Varies by model — check daily loss and max loss on the exact plan
Split
Up to ~90–95% depending on model and add-ons
Payout cycle
Often advertised 24-hour processing after approval on eligible models
Fee
Stellar SKUs from tens of dollars to several hundred by size.
Reset
Model-specific retry. Do not assume a free reset.
Time to funded
1-Step / Instant skip a phase; 2-Step is two phases.
Platforms
MT4, MT5, cTrader, Match-Trader
News
News trading policy is model-specific; Instant / some Stellar plans are more flexible than others

Plans

Desk notes stay labeled. Live lines are pulled from the official page and stamped. PropDesk does not rank firms.

Checking the official page…

Stellar 1-Step (1-step)

Desk note — target One evaluation target. Daily Model card. Max Model card.

Do not mix with 2-Step numbers.

Stellar 2-Step (2-step)

Desk note — target Two phases. Daily Model card. Max Model card.

Classic two-phase; Lite is a cheaper, tighter cousin.

Stellar Instant (instant)

Desk note — target Skip or shorten eval. Daily Tighter. Max Tighter.

Pay more up front; watch consistency on payouts.

Challenge and funded

These books are not the same. A pass does not keep the challenge rules.

Challenge

Stellar 1-Step: target One evaluation target, daily Model card, max Model card Stellar 2-Step: target Two phases, daily Model card, max Model card Stellar Instant: target Skip or shorten eval, daily Tighter, max Tighter

Funded

Some models cap the best day before they pay. Model-specific. Instant is often looser than some Stellar books. Model-specific. Instant/Lite differ from Stellar 2-Step.

First payout

  • KYC. Required before payouts.
  • Days. Model-specific. Instant/Lite differ from Stellar 2-Step.
  • Consistency. Some models cap the best day before they pay.
  • News. Model-specific. Instant is often looser than some Stellar books.
  • Request. Match the Stellar/Instant SKU you bought. KYC, eligible days, then request. Advertised ~24h after approval on some models.