FundedNext launched its second experimental CFD challenge on Tuesday, offering a $25,000 two-step account with a 12% maximum loss limit. The FNL:002 evaluation costs $149.99 and pays funded traders an 85% share of eligible profits, according to the company.
The release follows the launch of FundedNext Labs in July, a limited-seat track where the prop firm tests new account structures before deciding whether to add them to its main product line. Its first experiment used a one-step format with no daily loss limit.
FundedNext described the additional two percentage points as a buffer against ordinary market moves. “Most challenge accounts don’t end on bad trades,” the firm wrote on X, without providing data supporting the statement.
FNL:002 12% MLL, 3-Day Payout 2-Step CFDs 25K Challenge has landed!
Most challenge accounts don’t end on bad trades.
They end on normal volatility against a 10% MLL.
FNL:002 gives you 12%.
That 2% is additional protection on a $25K account, ensuring the buffer between a… pic.twitter.com/DhPdCSEox3
— FundedNext (@FundedNext) August 4, 2026
On the $25,000 account, the 12% maximum permits losses of up to $3,000. A 10% limit, which FundedNext applies to its standard Stellar 2-Step model, would equal $2,500.
Two Profit Targets and a 4% Daily Cap
FNL:002 divides the evaluation into two phases. Traders must generate 8%, or $2,000, in the first phase and 6%, or $1,500, in the second.
Each phase also requires two profitable days. A day counts only when closed trades produce at least 1% of the starting account balance, equal to $250. Profit is assigned to the day a position closes rather than when it opens.
The challenge has a 4% daily loss limit, equal to $1,000, alongside the $3,000 static maximum loss threshold. Unlike a trailing drawdown, the overall threshold does not move upward as the account records profits.
News trading is prohibited, although positions can remain open overnight and over weekends. FundedNext said the model has no strike system or separate margin rule, leaving the daily and maximum loss limits as the main account-level risk controls.
Forex leverage is set at 1:100, while metals, energy products and indices carry leverage of 1:25. The model is available on MetaTrader 5 outside the United States and Match-Trader for US clients, where FundedNext returned to the CFD prop market in late 2025.
Traders can operate up to five FNL:002 accounts, according to the rules shared by the company.
Three-Day Payout Comes With a 3% Threshold
FundedNext is promoting FNL:002 with a “3-Day Payout” label, but the condition is based on qualifying profitable days rather than three calendar days.
A funded trader must record three days with at least 1%, or $250, in closed profit on each day before requesting a payout. This creates a minimum cumulative threshold of $750 across the three qualifying days.
Once that requirement is met, the trader can request a payout rather than wait for a fixed weekly or monthly schedule. The 85% profit share applies from the first funded payout, while risk on a single position is capped at 3%.
The combination differs from E8 Zero, which E8 Markets launched in July. That one-step model uses a 3% static loss limit, removes the consistency rule and allows daily payout requests, but deactivates an account after five withdrawals.
Pipcy also applied a 12% absolute maximum loss to its Classic Challenge when it launched in May. Its launch announcement described no daily drawdown, payouts within 48 hours and a profit-share ceiling of 95%.
FNL:002 retains a daily cap and uses a two-phase evaluation. Its payout condition is tied to three separate profitable days, making the “three-day” label dependent on trading performance.
Second Labs Test Reverses Parts of the First
The first FundedNext Labs experiment, FNL:001, costs $99.99 for a $50,000 one-step account. It removes the daily loss limit but applies a $2,000 end-of-day trailing maximum loss and a 40% consistency rule during the evaluation.
FNL:001 permits news trading and requires a 6% profit target. Traders who pass receive an 80% profit share and must record five benchmark days with at least $200 in profit before withdrawing.
That account closes after five payouts, with each withdrawal capped at 50% of accumulated profit and $2,000. The FNL:002 material shared with FinanceMagnates.com does not state whether the new account closes after a fixed number of payouts.
FundedNext also did not disclose the number of FNL:002 seats or how long the challenge will remain available.
FundedNext launched its second experimental CFD challenge on Tuesday, offering a $25,000 two-step account with a 12% maximum loss limit. The FNL:002 evaluation costs $149.99 and pays funded traders an 85% share of eligible profits, according to the company.
The release follows the launch of FundedNext Labs in July, a limited-seat track where the prop firm tests new account structures before deciding whether to add them to its main product line. Its first experiment used a one-step format with no daily loss limit.
FundedNext described the additional two percentage points as a buffer against ordinary market moves. “Most challenge accounts don’t end on bad trades,” the firm wrote on X, without providing data supporting the statement.
FNL:002 12% MLL, 3-Day Payout 2-Step CFDs 25K Challenge has landed!
Most challenge accounts don’t end on bad trades.
They end on normal volatility against a 10% MLL.
FNL:002 gives you 12%.
That 2% is additional protection on a $25K account, ensuring the buffer between a… pic.twitter.com/DhPdCSEox3
— FundedNext (@FundedNext) August 4, 2026
On the $25,000 account, the 12% maximum permits losses of up to $3,000. A 10% limit, which FundedNext applies to its standard Stellar 2-Step model, would equal $2,500.
Two Profit Targets and a 4% Daily Cap
FNL:002 divides the evaluation into two phases. Traders must generate 8%, or $2,000, in the first phase and 6%, or $1,500, in the second.
Each phase also requires two profitable days. A day counts only when closed trades produce at least 1% of the starting account balance, equal to $250. Profit is assigned to the day a position closes rather than when it opens.
The challenge has a 4% daily loss limit, equal to $1,000, alongside the $3,000 static maximum loss threshold. Unlike a trailing drawdown, the overall threshold does not move upward as the account records profits.
News trading is prohibited, although positions can remain open overnight and over weekends. FundedNext said the model has no strike system or separate margin rule, leaving the daily and maximum loss limits as the main account-level risk controls.
Forex leverage is set at 1:100, while metals, energy products and indices carry leverage of 1:25. The model is available on MetaTrader 5 outside the United States and Match-Trader for US clients, where FundedNext returned to the CFD prop market in late 2025.
Traders can operate up to five FNL:002 accounts, according to the rules shared by the company.
Three-Day Payout Comes With a 3% Threshold
FundedNext is promoting FNL:002 with a “3-Day Payout” label, but the condition is based on qualifying profitable days rather than three calendar days.
A funded trader must record three days with at least 1%, or $250, in closed profit on each day before requesting a payout. This creates a minimum cumulative threshold of $750 across the three qualifying days.
Once that requirement is met, the trader can request a payout rather than wait for a fixed weekly or monthly schedule. The 85% profit share applies from the first funded payout, while risk on a single position is capped at 3%.
The combination differs from E8 Zero, which E8 Markets launched in July. That one-step model uses a 3% static loss limit, removes the consistency rule and allows daily payout requests, but deactivates an account after five withdrawals.
Pipcy also applied a 12% absolute maximum loss to its Classic Challenge when it launched in May. Its launch announcement described no daily drawdown, payouts within 48 hours and a profit-share ceiling of 95%.
FNL:002 retains a daily cap and uses a two-phase evaluation. Its payout condition is tied to three separate profitable days, making the “three-day” label dependent on trading performance.
Second Labs Test Reverses Parts of the First
The first FundedNext Labs experiment, FNL:001, costs $99.99 for a $50,000 one-step account. It removes the daily loss limit but applies a $2,000 end-of-day trailing maximum loss and a 40% consistency rule during the evaluation.
FNL:001 permits news trading and requires a 6% profit target. Traders who pass receive an 80% profit share and must record five benchmark days with at least $200 in profit before withdrawing.
That account closes after five payouts, with each withdrawal capped at 50% of accumulated profit and $2,000. The FNL:002 material shared with FinanceMagnates.com does not state whether the new account closes after a fixed number of payouts.
FundedNext also did not disclose the number of FNL:002 seats or how long the challenge will remain available.
