Next Level Funded sells prop trading accounts through evaluations and instant-funded accounts. Its FAQ describes 1-Step and 2-Step challenges, each also sold in a Pro version. Its homepage also lists three instant accounts: Instant Flex, Instant Pro and Instant Crown.
Its pages say Next Level Funded is a trading name of Next Lvl Funded PTY LTD, a company incorporated in Australia. They also say all trading takes place in a simulated environment on virtual accounts. The firm's pages disagree with each other on several points, including the profit split, payout speed, the minimum withdrawal and refunds. We set out each conflict below. We also found few prices or rules that our copy of the site ties clearly to a named account, so this review is shorter than most.
Everything in this review comes from Next Level Funded's own web pages, saved on 10 October 2026. Rules and prices change, so check the firm's site before you buy.
| Account types | 1-Step evaluation, 2-Step evaluation, Instant funding (no evaluation) source |
|---|---|
| Markets | Forex, Crypto, Indices, Commodities, Metals source |
| Platforms | MetaTrader 5, Match-Trader, TradeLocker source |
| Allowed / offered on at least one account type |
Rules can differ between account types — check the linked page for the account you want. |
| Not allowed, or rules that apply (firm says so) | |
| US traders | Accepted (check any conditions on the linked page) source |
The FAQ says the Challenge accounts let you prove your edge through an evaluation before you move to a funded account. It calls Instant Crown its premium instant funding model, with immediate access to a funded account. It describes Instant Funding Flex as a no-evaluation path to immediate funding. An account page says Instant Pro accounts skip the evaluation phase.
The site says programme fees are one-time evaluation charges, not deposits or investments. The FAQ says the Instant Funding Flex $10K account is a one-time purchase that cannot be bought again.
During our check the site was running a promotion, and account cards showed two prices side by side (for example "$74 $37") without saying which is the regular price. Headline prices also differ between pages: the homepage says "$100k for $97", while the Instant 10K page says "$100k for $279". Because of this, and because our copy does not tie most prices to a named account, we do not give a price table. Check the price at checkout.
The FAQ says a trader may hold up to $500,000 in total starting capital at any one time. It caps total allocation under the Instant Pro model at $200,000 per trader. The homepage says instant funding goes up to $500k, while the refund policy page says the instant accounts offer up to $400K. The Terms say traders may have more than one active account per challenge level at a time.
The FAQ lists these percentages and minimum numbers of profitable trading days for each challenge. The account tables show the same figures labelled "Profit Target". Targets may differ by account size, so check at checkout.
| Challenge | Profit target | Minimum profitable trading days |
|---|---|---|
| 1-Step | 8% | 4 |
| 1-Step Pro | 11% | 5 |
| 2-Step | 8% (Phase 1), 6% (Phase 2) | 5 |
| 2-Step Pro | 6% (Phase 1), 6% (Phase 2) | 5 |
The FAQ defines a profitable trading day as a day with at least 0.5% profit on the account balance. It says there is no time limit on any of the Challenge programmes.
The account tables show static overall drawdowns of 7%, 8%, 11% and 12%, and daily drawdowns of 3%, 4% and 5%. Our copy of these tables does not show which figure belongs to which account, so we do not assign them. The FAQ says a static maximum drawdown stays fixed and does not change. One FAQ answer gives an 8% static maximum drawdown that "can be 10% with the add-on". The FAQ says the daily drawdown is calculated from the highest balance or equity recorded at 5:00 PM EST.
The FAQ says a 30% consistency rule applies only to funded accounts obtained through the evaluation models. Under this rule, profit from a single trading day cannot exceed 30% of the total profit made in the payout period.
Some FAQ answers describe a 4% trailing maximum drawdown that rises with the highest equity point. Our copy does not show which instant accounts those answers refer to.
News trading: one FAQ answer says traders cannot open or close trades two minutes before or after a Red Folder news release. Another says profits from trades in the restricted news window will not be credited. Other FAQ answers say news trading is fully permitted on Instant Crown accounts, and "You can trade using MetaTrader 5, with no restrictions on news trading or weekend holding", without naming the account in our copy. Our copy does not say which accounts the two-minute window covers, so check the rules for your account before trading news.
The FAQ says the default profit split is 80% to the trader across all account types. It says a profit split add-on can raise the share to as high as 100%. Another FAQ answer gives a default split of 90%, with an upgrade to 100% through the Profit Split Add-On; our copy does not show which account it refers to. Account pages advertise "keep up to 100% rewards split". Several of them also say "You have the option to upgrade to a 100% profit split by purchasing the profit split add-on." The Instant 10K page, however, says "100% Profit Split from your very first Trade". The FAQ gives 80% by default and 100% with a paid add-on; check the split for your account at checkout. The site also says rewards are discretionary and that rewards and rewards splits are not guaranteed.
One FAQ answer says withdrawals can be requested every 14 business days after the first funded trade. Another says traders who buy the On-Demand Payout Add-On may request a payout at any time. Our copy does not say which accounts each answer covers. The FAQ says payouts are typically processed within 3 business days. The Instant 10K page says "Payout within 12-hours or $1,000 Bonus*"; our copy does not show the condition behind the asterisk.
The FAQ gives different minimum withdrawals in different answers: $125 after the profit split and fees in one, $105 after the profit split and processing fee in another, and $50 in a third. It names two primary withdrawal methods: bank transfer and cryptocurrency. It says payments via Rise and crypto transfer carry a $15 withdrawal fee.
The FAQ says eligible accounts increase by 25% per scaling cycle, up to a maximum balance of $1,000,000. The scaling section lists conditions including a minimum of 3 rewardable trading days per cycle and no single trade exceeding 20% of total rewards.
The refund policy says the account fee is refunded alongside the third successful payout, and that other refunds are generally not available. The FAQ says the same: a full refund of the initial fee is issued with the third successful withdrawal request. The Terms and Conditions, however, say all purchases of Services are non-refundable. We rely on the refund policy page, which deals with the subject directly.
The site says it uses third-party platform technology, including Match-Trader, MetaTrader 5 and TradeLocker. One FAQ answer says "We currently offer MT5."
The FAQ lists major forex pairs, commodities, indices and digital ETFs (crypto pairs). It says forex and metals are charged a $7 commission per lot traded. It says cryptocurrencies and indices carry no commission. It says all accounts have zero swap fees.
The FAQ gives two sets of leverage: 1:75 forex, 1:20 commodities, 1:2 digital ETFs and 1:20 indices in one answer, and 1:25 forex, 1:10 commodities, 1:2 crypto and 1:10 indices in another. Our copy does not show which accounts each set applies to.
The firm's pages show different paid-out figures: most pages say "$3M+ Paid to traders worldwide", while the Instant 10K page shows "$1.1M+" and "$450k+". These are the firm's own claims; we have not verified them.
Next Level Funded may suit manual traders who want a challenge with no time limit or an instant account. It is not a fit for traders who use EAs, bots or copy trading, which the FAQ does not permit, or for very short trades, since the site describes a two-minute minimum trade duration. Because the firm's pages conflict on the profit split, payout timing, minimum withdrawal and refunds, we suggest reading the FAQ and terms for your chosen account before buying.
MyPropGenius Rating:
The rating measures how openly Next Level Funded discloses its rules, pricing, payouts and ownership (our Transparency Index methodology). It does not measure how likely you are to pass or be paid.
Check the current rules and prices on the firm's own website before you buy.
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Next Level Funded offers 1-Step and 2-Step challenges with no time limit and several instant accounts, run by an Australian company on simulated accounts. Its FAQ sets a default 80% profit split, with 100% available through a paid add-on, and bans EAs and copy trading. Its pages contradict each other on payouts and refunds, so read the terms for your account before buying.
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Find My MatchThe FAQ says the default split is 80% to the trader across all account types, and a paid add-on can raise it to as high as 100%. Account pages advertise up to 100%.
No. The FAQ says there is no time limit on any of its Challenge programmes.
No. The FAQ says EAs, trading bots and other automated systems are not permitted, and copy trading is strictly prohibited.
The refund policy says the account fee is refunded alongside your third successful payout. The Terms and Conditions say all purchases are non-refundable.
The site names Match-Trader, MetaTrader 5 and TradeLocker; one FAQ answer mentions only MT5.
The FAQ says the firm now offers its services to US traders, but is temporarily unable to serve some US locations.