FundedNext July Competition With $8,000 Cash Prize Pool 

FundedNext has announced the return of its Monthly Competition for July, bringing a revised prize structure that allows participants to win free Stellar Instant Accounts alongside cash rewards. The competition features a total of $8,000 in cash prizes and more than $650,000 worth of Stellar Instant Accounts for eligible traders.

According to the firm, the latest edition is here to let traders bypass the traditional evaluation process by earning Instant Accounts through competition performance. FundedNext stated that the new format reflects its belief in giving traders an opportunity to access funded accounts without completing challenges.

The prize distribution includes a Stellar Lite 100K+ Instant Account and $5,000 in cash for the first-place winner. Second place will receive a Stellar Lite 100K+ account with $2,000 in cash, while third place will earn the same account size with a $1,000 cash prize.

FundedNext July Competition With $8,000 Cash Prize Pool 

Participants finishing between fourth and tenth place will receive Stellar Lite 50K accounts, while those ranked 11th to 20th will earn Stellar Lite 25K accounts. Traders placed between 21st and 50th will receive Stellar Lite 10K accounts, and positions 51st to 100th will be awarded Stellar Lite 5K accounts. An additional 50 winners will be from traders between 101st and 600th to receive Stellar Lite 5K accounts.

FundedNext also published the competition rules for July. Every participant will receive a $100,000 Challenge Account to compete with, and performance will be according to balance-based loss limits. The maximum daily loss is at 5%, including floating losses, while the maximum overall loss limit is 10%.

The competition requires a minimum of five trading days, permits news trading as well as overnight and weekend holding, and operates with swap-free accounts. Expert Advisors (EAs) are not allowed; traders can maintain a maximum of five open positions at one time, and no more than 50 trades may be placed per day. In addition, only one account and one IP address per participant throughout the competition.

Registration for the FundedNext July Competition is now open for traders looking to compete for cash rewards and Instant funded accounts.

The Bottom Line: A Recap of Significance

• FundedNext has launched its July Monthly Competition with updated rewards.
• The event offers $8,000 in cash prizes and over $650,000 in Stellar Instant Accounts.
• Top performers can win Stellar Lite 100K+ Instant Accounts along with cash rewards.

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Read the Review for more details about the firm.