FundedNext Tests 12% Loss Limit but Restores Daily Cap in Second Labs Challenge

FundedNext has launched the second challenge in its FundedNext Labs experimental series, introducing a $25,000 two-step CFD evaluation with a 12% maximum loss limit. The FNL:002 program, priced at $149.99, offers traders who pass an 85% share of eligible profits, the firm announced Tuesday.

The Labs track debuted in July as a limited-seat venue for testing new account structures before they are considered for FundedNext's main lineup. Its first trial, FNL:001, featured a one-step format without a daily loss limit. For FNL:002, the company added two percentage points of extra loss cushion compared with the 10% limit on its standard Stellar 2-Step plan, saying the additional buffer is meant to absorb normal market volatility. On a $25,000 account, the 12% cap allows $3,000 in losses, versus $2,500 under 10%.

FNL:002 is split into two evaluation phases: an 8% profit target ($2,000) followed by a 6% target ($1,500). Each phase requires two profitable trading days, defined by closed trades producing at least 1% of the starting balance, or $250, with profit credited to the day positions close. A 4% daily loss limit ($1,000) runs alongside the static $3,000 maximum loss, which does not trail upward as the balance grows. News trading is banned, although positions can be held overnight and over weekends, and the rules include no strike system or separate margin requirement.

Leverage is 1:100 for forex and 1:25 for metals, energy and indices. The program is offered on MetaTrader 5 outside the US and on Match-Trader for US clients, where FundedNext re-entered the CFD prop market in late 2025. Up to five FNL:002 accounts are allowed per trader.

The advertised '3-Day Payout' is tied to qualifying profitable days rather than calendar days. Funded traders must post at least 1%, or $250, in closed profit on three separate days before they can request a withdrawal, implying a minimum cumulative threshold of $750. The 85% profit share applies from the first payout, and risk per position is capped at 3%.

The structure differs from other recent prop-firm launches. E8 Markets' E8 Zero, introduced in July, uses a 3% static loss limit, no consistency rule and daily payout requests, but accounts close after five withdrawals. Pipcy's Classic Challenge, launched in May, applied a 12% absolute maximum loss with no daily drawdown, payouts within 48 hours and up to 95% profit share. FNL:002 keeps a daily cap and a two-phase evaluation, making its payout label dependent on performance.

FNL:001, the first Labs experiment, costs $99.99 for a $50,000 one-step account, removes daily loss limits but uses a $2,000 end-of-day trailing maximum loss and a 40% consistency rule during evaluation. It allows news trading, requires a 6% profit target, gives an 80% profit split, and requires five benchmark days of at least $200 profit before withdrawal; the account closes after five payouts. FundedNext did not disclose whether FNL:002 closes after a fixed number of payouts, nor its seat count or availability window.