NextTrade is the new retail broker built by the FunderPro team, launched in April 2026 as a separate regulated entity. This guide explains how it works, how it connects to FunderPro, and what funded traders need to know before opening an account.
Who Built NextTrade
NextTrade was founded by the same leadership that runs FunderPro, with senior staff recruited from IG Markets and Capital.com. The CEO brings more than 15 years of brokerage experience, the COO has more than 12 years across compliance and operational scaling in the prop firm sector, and the CTO has over 10 years of platform engineering experience focused on latency and execution quality.
That background matters for one reason: new brokers typically struggle with operational maturity in the first 12 months. By using a team that has already built and scaled a large prop firm, NextTrade sidesteps the most common early-stage pitfalls around onboarding, compliance and payment operations.
NextTrade and FunderPro Are Separate Companies
This is the point most likely to confuse FunderPro clients reading the launch email. NextTrade Ltd is a distinct legal entity, registered in Mauritius, regulated by the FSC, and operating its own client fund accounts at MauBank Ltd. FunderPro continues to operate as a prop firm under its own corporate structure.
The two businesses share a founding team and some operational staff. They do not share client accounts, regulatory licences, or balance sheets. If you have a FunderPro evaluation or a funded account, nothing about that relationship changes because of the NextTrade launch.
What NextTrade Offers
NextTrade is a straightforward MetaTrader 5 broker with three account tiers. The core specifications at launch:
- Platform: MetaTrader 5 on Windows, macOS, web, iOS and Android
- Minimum deposit: $100 on Standard and Raw, $10,000 on VIP
- Maximum leverage: Up to 1:1000, dynamic by instrument
- Spreads: From 1.6 pips on Standard, from 0.0 pips on Raw and VIP
- Commission: $0 on Standard, $7 per lot round-turn on Raw, $4 per lot round-turn on VIP
- Instruments: 56 forex pairs, 9 index CFDs, 3 metals, 3 energies
- Execution: ECN/STP, no dealing desk, sub-12ms claimed
- Fund safety: Segregated at MauBank Ltd, negative balance protection
The offering is narrower than established brokers like IC Markets or Pepperstone in one important area: NextTrade does not list share CFDs or cryptocurrency CFDs. The FSC Mauritius licence covers currency pairs, indices, metals, futures and commodities only. Traders who need equities or crypto exposure will have to look elsewhere.
Why the Positioning Targets Funded Traders
NextTrade's marketing describes it as "the natural next step from prop to live trading." That language is deliberate. Most traders funded by prop firms eventually reach a point where they want to trade their own capital in addition to the firm's. Moving to a live broker is the standard path.
The friction in that transition is usually the research cost. A funded trader who has learned how one operational environment works — deposit flows, platform quirks, support response times, execution behaviour — does not want to rebuild that knowledge with an unfamiliar retail broker. By launching NextTrade with the same founding team as FunderPro, the transition removes a meaningful portion of that friction.
This does not mean FunderPro traders must use NextTrade. It means that those who do will find the operational fingerprint familiar.
Regulation and Fund Safety
NextTrade holds a Global Business Licence from the FSC Mauritius (Licence GB25204563, Registration 223260). Client funds are held at MauBank Ltd in segregated accounts separate from NextTrade's operating capital. Negative balance protection applies to every account type, which means clients cannot lose more than they have deposited, even during extreme market volatility.
Mauritius is an offshore jurisdiction and does not provide the same investor compensation schemes as tier-1 regulators such as the FCA, ASIC or CySEC. This is a trade-off: higher leverage limits up to 1:1000 are permitted, but the statutory protection in a worst-case scenario is weaker. Any trader evaluating the broker should price this into the size of deposit they are comfortable placing.
How the Pricing Tiers Work
Standard, Raw and VIP are differentiated by how trading costs are charged rather than by what instruments are available.
Standard bundles all costs into a wider spread from 1.6 pips, with zero commission. This suits beginners and lower-frequency traders who want a single number to monitor.
Raw offers spreads from 0.0 pips with a $7 per lot round-turn commission on forex. Typical EUR/USD pricing is roughly 0.4 pips plus commission, which aligns with IC Markets' Raw account and similar ECN offerings. This is the most common choice for scalpers, EA users and active traders.
VIP discounts the Raw commission by roughly 40% to $4 per lot round-turn on forex, at a $10,000 minimum deposit. This tier is designed for higher-balance or higher-volume traders who benefit from compounding cost savings.
For a full tier-by-tier breakdown, see our NextTrade account types guide.
How Funded Traders Typically Use a Broker Like NextTrade
Funded traders tend to deploy broker accounts in one of three ways:
- Live capital allocation. After receiving a prop firm payout, a percentage is moved to a live brokerage account to trade the trader's own capital at their own risk. This is the most common path once a trader has compounded meaningful payouts.
- Strategy parallelism. A trader runs their funded strategy on the prop account and runs a smaller or different strategy on a live account in parallel. This protects the main funded account from rule conflicts while still generating returns on personal capital.
- Execution verification. Before scaling a strategy on the prop side, some traders test it on a small live brokerage account to confirm that execution, slippage and spread behaviour match their expectations outside a prop environment.
NextTrade's $100 minimum deposit and MT5 platform makes it viable for all three cases.
Final Thoughts
NextTrade is a well-specified launch. FSC authorisation, segregated client funds, negative balance protection, ECN/STP execution and a MetaTrader 5 platform on all major devices give it a stronger starting position than most new brokers. For FunderPro's existing client base, the familiar operational team is an additional factor worth weighing.
The sensible approach for any funded trader interested in NextTrade is the same as for any new broker: start with a small deposit, run a full deposit and withdrawal cycle to confirm the operational side, and scale only after the broker has proved itself on a live account over a meaningful testing period.
For the complete review, see our NextTrade review. For the prop firm that built it, see our FunderPro review.
Frequently Asked Questions
Is NextTrade owned by FunderPro?
NextTrade and FunderPro are separate legal entities with a shared founding team. FunderPro is a prop firm. NextTrade is a regulated broker registered in Mauritius.
Can I use my FunderPro account balance at NextTrade?
No. FunderPro payouts are transferred to your personal payment method first. From there, any deposit into a NextTrade account is a standard retail broker deposit in your own name.
Does NextTrade offer the same trading conditions as FunderPro?
Not directly. FunderPro sets rules for its prop firm challenges, while NextTrade is a retail broker with its own spreads, commissions and account tiers. Both use MetaTrader 5, but the cost structure and rule framework are different.
Is NextTrade safe for beginners?
The broker has the core safety features beginners should look for: segregated client funds, negative balance protection and a regulated licence. Beginners should still trade conservatively and avoid the maximum 1:1000 leverage until they understand position sizing.
Can I use Expert Advisors on NextTrade?
Yes. MetaTrader 5 Expert Advisors are supported on every account type, including Standard. Scalping and hedging are also permitted across all accounts.