FundedNext has released details of its May Monthly Competition, introducing a format where participants can secure funded accounts.
FundedNext has released details of its May Monthly Competition, introducing a format where participants can secure funded accounts.
FundedNext has released details of its May Monthly Competition, introducing a format where participants can secure funded accounts directly through performance rankings. The firm is offering a combined pool of $8,000 in cash rewards along with approximately $650,000 in Stellar Instant Accounts.
So, the competition structure highlights a mix of monetary payouts and account allocations across a wide range of positions. Traders finishing at the top of the leaderboard receive both. First place is assigned a Stellar Instant 20K account with $5,000 in cash, followed by second place with $2,000 and third place with $1,000, each paired with the same account size.
Moreover, beyond the top three, the rewards extend across multiple tiers. Positions four through ten are allocated Stellar Instant 20K accounts. Those ranked between eleventh and twentieth receive Stellar Instant 10K accounts. Also, traders placed twenty-first to fiftieth are awarded Stellar Instant 5K accounts.
Further down the standings, participants ranked fifty-first to one hundredth receive Stellar Instant 2K accounts. FundedNext has also included a randomized element, stating that 50 traders from positions 101 to 600 will be selected through a draw to receive additional Stellar Instant 2K accounts.
The firm stated that the competition reflects its focus on providing access to funded trading without requiring participants to complete standard evaluation phases. By incorporating Instant Accounts into the prize pool, the format allows traders to move directly into funded environments based on their performance during the event.
So, registration for the May competition is now open. Lastly, Participants can join and compete throughout the month, with rewards distributed based on final rankings and draw selections.
Want to read about the firm? Click here.
The Funded Trader follows a belief that every retail trader deserves an opportunity to raise capital based on their performance and commitment to building their own business. They are searching for passionate and experienced traders who will succeed with the help of their funds by showing skills in various market conditions.
Bespoke Funding strives to create unique funding opportunities for traders worldwide by creating approachable ways to become a professional, funded trader who can remotely manage their capital. They have developed a user-friendly experience with the industry's best technology to back it.
MyFundedFX offers traders three different challenge programs that aim to provide an opportunity to trade without risking their own capital. Profitable traders receive a payment based on a specific percentage of the profits they make while having no liability on the firm's capital, meaning that they will cover all losses.
Subscribe to our Weekly Newsletter
