FundedNext Banned Countries List: Prop Firm Restricted Locations

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FundedNext is banned in many countries, which restricts the prop firm’s operations for global traders. Owned by Next Ventures, FundedNext is a global prop firm that accepts traders from multiple countries. The prop firm actively supports a variety of traders in creating a diverse community. However, due to local geographical policies, FundedNext has also restricted its operations in many countries globally. As an experienced trader yourself, carefully evaluate the FundedNext banned countries list to verify if the prop firm accepts clients from your native location. For instance, US traders are not allowed to open accounts with FundedNext – even if they reside outside the United States.

>> Funding Traders is a legitimate FundedNext and FTMO alternative for US traders – offering opportunities to trade bigger and get paid faster. Complete a funding evaluation and manage up to $500,000 prop firm funded account. As one of the fastest weekly payout prop firms, FT also offers competitive payment models to help traders maintain consistent earnings.

Read on to learn more about banned countries at FundedNext prop firm.

FundedNext Country Of Origin

Before restricting operations in multiple countries, FundedNext started its operations in Bangladesh. A subsidiary of Next Ventures – FundedNext was launched by Syed Abdullah Jayed with the goal of supporting local Bangladeshi traders. FundedNext is headquartered in the United Arab Emirates (UAE) with subsidiary offices in Bangladesh, the home country.

Initially, FundedNext directly competed with industry-leading prop firms like FTMO, Funding Traders, and Smart Prop Trader – with no local competitors in Bangladesh. With new regulations coming in place, FundedNext restricted its operations even in the home country. Today, Bangladeshi traders are officially restricted from opening new prop firm accounts with FundedNext.

FundedNext Banned Countries

In October 2024, FundedNext is banned in 19 countries – offering limited services to many international markets. The prop firm restricted these services to due to international policies, legal standards, and regulatory issues. Effective since August 2024, residents from the following countries are not allowed to purchase, open, or use trading accounts with FundedNext:

FundedNext Banned Countries List

  • Bangladesh
  • United States
  • American Samoa
  • Puerto Rico
  • Grenada
  • Chad
  • Belize
  • Bangladesh
  • Antigua and Barbuda
  • Cape Verde
  • Tuvalu
  • Vietnam
  • Bouvet Island
  • Burundi
  • Cook Islands
  • Eritrea
  • Comoros
  • Fiji

Clients from these banned countries cannot participate in competitions, giveaways, and prop firm challenge programs organized by FundedNext. Additionally, FundedNext limits the maximum capital allocation size to $50,000 to residents from a few countries, including:

  • Pakistan
  • Cambodia
  • Mongolia
  • Slovakia
  • Slovenia
  • Taiwan
  • Ukraine
  • Czech Republic

If you’re based in one of these countries, you can only get funded with up to $50,000 accounts – potentially limiting your purchase power.

>> Instead, sign up with Funding Traders to maximize your capital allocation size to a maximum of $500,000.

Compared to FundedNext, you can leverage this institutional-level capital to trade bigger and become a successfully funded trader with access to bigger accounts. These competitive funded account sizes create a rewarding environment for all global traders. Indeed, join a reliable alternative if you’re based in a FundedNext-banned country.

Is FundedNext Banned In India?

Explore if FundedNext is a legal prop firm in India. On October 23, 2024, Indian authorities released a new list of unauthorized FX platforms operating in the country. This list mentions FundedNext – along with other prop firm like Smart Prop Trader, Think Markets, and Fresh Forex.

These new national policies ban FundedNext in India – restricting Indian clients from opening new accounts with the prop firm. In addition to prop firms, Indian authorities have also banned unauthorized advertising platforms running promotions on forex trading.

Is FundedNext Regulated?

All prop traders should verify if FundedNext is regulated before opening new accounts. The prop firm requires all traders to complete the verification process to sign up for a new challenge. This initial KYC helps maintain a fair, secure, and transparent environment. If you live in a country accepted by FundedNext, you can complete this KYC procedure and get verified.

For residents from FundedNext banned countries, Funding Traders is a safe, reliable, and globally trusted platform for FX trading. With self-regulatory policies, FT follows fair practices to support clients globally. As per Funding Traders vs FundedNext vs E8 Funding comparison, FT offers bigger funded accounts, straightforward evaluations, and more competitive profit splits. Join FT and take advantage of:

  • No-Commission Challenge Accounts
  • No Time Limit Evaluations
  • Fast 14-Days and Weekly Payouts
  • Scaling Opportunities To Manage Up To $1 Million+

Ready to start trading with a FundedNext alternative? Click here to open a 1-step or 2-step forex funding challenge.

Author of this article

Stan

Stan

Growing up in New York City, Stan started his Wall Street career at the age of 18 working for a reputed stock brokerage firm. After working comprehensively for a wealth management group in the States, Stan switched to investment management - followed up by a full-time trading career in traditional prop firms. Today, he shares his wisdom, strategies, and funding to aspiring traders looking to trade big like industry professionals. When he's not analyzing charts, making strategic decisions, and shooting videos, Stan loves writing down these informative value-driven posts to support aspiring traders across the globe.

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