NextPropTrader Review – High Fees Might Be Questionable

With registration in 2022 and still active services, you would expect a company to be the leader in the industry. Thus, when you compare them to top-ranked firms you realize how poor this company is.

Nevertheless, to learn how to recognize good and bad companies, you need to have something to compare. Therefore, this NextPropTrader review might be a perfect starting guide.

Legal Info: Who Runs NextPropTrader?

Generally speaking, the United Arab Emirates earned huge popularity due to a big development in the country. Even in the trading industry since more and more firms get registered there. Nevertheless, we all know UAE is not the most common place for top-tier regulated firms.

Still, with prop firms that don’t require any regulations, the situation is different. The only way to find out if you can trust some company is by the experience or experience of other users.

However, with a non-transparent founder and contact details, Nextproptrader LLC appears to be a practically anonymous company. Also, with NextPropTrader reviews missing, it’s highly probable you won’t have a good time with them.

How Does NextPropTrader Prop Firm Work?

Overall, prop trading makes a lot of sense. Especially to traders who don’t want to risk their own capital. However, they should be aware that prop trading still requires some fees to be paid. But in general, the risk-reward ratio is much better for traders. Anyway, when you pass the evaluation phase you pay the fee for, you can get access to a profit-sharing account.

Yet, traders should be careful with the conditions they choose. But also about the company they choose. After all, there are many prop firms that manipulate trading conditions so traders have to pay the fees again. That’s why it’s better to choose trusted firms with thousands of satisfied users. For instance, Funded Trading Plus.

Evaluation Plans Available

If you look at NextPropTrader funded account programs you will realize these are paid monthly. Thus, there’s nowhere mentioned if you fail the challenge do you have to pay again or not. So, watch out for it. Anyway, the company’s plans are quite simplified. You can choose between 6 account types starting with a $10.000 up to a $250.000 funded balance.

All accounts include pretty much the same conditions and rules. Anyway, you can opt between:

• Beginner – $10K funding – $109/month
• Advanced – $25K funding – $139/month
• Pro – $50K funding – $169/month
• Exclusive – $100K funding – $239/month
• Expert – $150K funding – $299/month
• Extreme – $250K funding – $499/month

Trading Rules Applied

Compared to other prop firms like Trufunder or Trader Funding Program, this company has quite simple rules. But that’s what should potentially worry you. In any case, once you complete the NextPropTrader login process you’ll have to adhere to very strict rules. Such as:

• Minimum 5 trading days
• Not to exceed the maximum lot size
• Not to break the max loss limit
• To close all trades no later than 3:15 PM CST.

Trading Conditions And Limitations

With all accounts including a 95% profit split it’s quite easy to attract new customers. Thus, they should be aware of the limitations of all accounts. Practically, to get more out of the experience with this firm you have to pick accounts that require higher fees. For instance, in the beginner account, the maximum trading size is 10 micro lots.

But if you want to trade more and earn potentially more money, you’ll have at least to choose an Exclusive account with a maximum of 100 micro lots. On the positive side, all accounts have fixed limitations in terms of profit targets (6%) and maximum losses (5%).

Contact Options Make Everything Questionable

Considering missing NextPropTrader Trustpilot reviews, the company’s reliability is highly questionable. But on top of that, the company doesn’t offer any trustworthy contact options. Such as live chat, phone line, Skype, or similar. Instead, you can only reach them via e-mail and web contact form. But it’s highly probable they are offering encrypted features to their active traders. Such as WhatsApp or Telegram.

Are NextPropTrader Payouts Possible?

According to the company’s presentation, traders can expect NextPropTrader payout multiple times per week. They offer payment methods such as wire transfers, cryptos, and PayPal. Thus, nothing more is disclosed about the whole procedure. Therefore, with their statement that there are no hidden payout rules, you shouldn’t expect any obstacles. But is it reality?

Conclusion: What Are Your Better Options?

Generally, with all legal and contact information missing it’s hardly believable you can have a good experience with this firm. After all, if the company was any close to reliable, there would be at least some reviews about them. Also, all hidden payout details and shady fee requirements, don’t present a good sign.

That’s why trading with firms trusted by thousands of traders makes a big difference. One of those is UK-based Funded Trading Plus. Firstly, the company is based in the UK, one of three leading financial centers. Secondly, there are more than 2.100 positive reviews on Trustpilot about them. And lastly, all trading features, conditions, and payouts are completely transparent.

In the end, whatever the company offers you, it won’t matter if you can’t get your payouts. That’s why proven companies gain popularity much faster. So, if you want to be on the right side of trading, get started with Funded Trading Plus already today.

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