FunderPro, one of the most recognised names in online prop trading, has launched its own regulated broker. The new entity, NextTrade, began live operations in April 2026 and is already emailing FunderPro's client base to announce the launch.
NextTrade Ltd is registered in Mauritius and authorised by the Financial Services Commission under Licence GB25204563. The broker operates on MetaTrader 5 with ECN/STP execution, a $100 minimum deposit, and leverage up to 1:1000 across 71 tradable instruments.
What Was Announced
FunderPro confirmed the launch directly to its trader base by email, positioning NextTrade as the natural next step for traders who have completed a FunderPro challenge and received payouts. The email highlighted shared founding staff between the two entities and the option to move from prop firm payouts to a live account at a broker run by the same team.
Key facts from the launch:
- Legal entity: NextTrade Ltd, registered in Ebene, Mauritius
- Regulation: FSC Mauritius, Licence GB25204563, Registration 223260
- Platform: MetaTrader 5 on Windows, macOS, web, iOS and Android
- Minimum deposit: $100 on Standard and Raw accounts, $10,000 on VIP
- Leverage: Up to 1:1000, dynamic by instrument and position size
- Instruments: 56 forex pairs, 9 index CFDs, 3 metals, 3 energies
- Fund safety: Segregated client accounts at MauBank Ltd, negative balance protection on all accounts
Are FunderPro and NextTrade the Same Company?
No. FunderPro and NextTrade are separate legal entities. FunderPro continues to operate as a prop firm with its own evaluation and funded account programmes. NextTrade is a regulated retail broker with its own licence, its own client funds, and its own operational infrastructure.
The connection is the founding team. The NextTrade leadership comes from the same group that built FunderPro, with prior experience at IG Markets and Capital.com. That shared heritage is the reason FunderPro traders are being introduced to the new broker first.
Why FunderPro Built a Broker
Prop firms and brokers solve different problems. A prop firm funds traders to trade simulated or firm capital under a profit-sharing arrangement. A broker gives retail traders direct market access to trade their own capital. For a successful FunderPro trader, the logical next step after receiving consistent payouts is to deploy that capital on a live brokerage account.
By launching NextTrade, the FunderPro team now offers both sides of that journey under one operational umbrella. Traders do not have to research a separate broker, open a second account with an unfamiliar company, or reconcile trading conditions between two different providers. The account opening, funding and execution environment is built by the people they already know.
What This Means for FunderPro Traders
If you are an active FunderPro client or have received payouts recently, here is what is relevant:
- FunderPro payouts continue unchanged. The prop firm side is unaffected. Challenges, funded accounts and payout schedules operate exactly as before.
- NextTrade is optional, not required. There is no obligation to move any capital to NextTrade. It is an additional product offered by the same team, not a replacement.
- Account opening takes under 60 seconds according to NextTrade's own onboarding flow. The minimum deposit on Standard and Raw is $100.
- Regulation and fund safety are separate. NextTrade is regulated by the FSC Mauritius, and client deposits are held at MauBank Ltd. This is distinct from FunderPro's own corporate structure.
What to Watch For
NextTrade is a brand-new broker. Anyone considering an account should treat it the same as any other new entrant: start with a small deposit, test the withdrawal process before scaling up, and verify that execution quality matches the published sub-12 millisecond claim in real trading conditions.
The underlying fundamentals — FSC Mauritius authorisation, segregated client funds, negative balance protection, ECN/STP execution and an experienced founding team — put NextTrade ahead of most unregulated or newly formed brokers at launch. That said, offshore regulation does not carry the same investor protection as the FCA, ASIC or CySEC, and traders should factor that into how much capital they choose to deploy.
For a full breakdown of account types, fees, regulation and the trader-by-trader fit, see our NextTrade review. For the existing FunderPro prop firm review, see our FunderPro review.
Frequently Asked Questions
Is NextTrade owned by FunderPro?
NextTrade and FunderPro are separate legal entities with a shared founding team. NextTrade is a regulated broker registered in Mauritius. FunderPro is a prop firm operating under its own corporate structure.
Why did FunderPro launch a broker?
To give funded traders a direct route from prop firm payouts into live retail trading with a provider run by a familiar team. The broker is positioned as the next step after a successful FunderPro challenge, though it is also open to the wider retail market.
Is NextTrade regulated?
Yes. NextTrade Ltd is authorised by the Financial Services Commission of Mauritius under Licence GB25204563. Client funds are held in segregated accounts at MauBank Ltd, separate from the broker's operating capital.
Do I have to move my FunderPro account to NextTrade?
No. FunderPro continues to operate as before. NextTrade is an additional product offered by the same team, not a replacement for the prop firm. Using one does not require using the other.
What platforms does NextTrade support?
MetaTrader 5 only, available on Windows, macOS, web, iOS and Android. Expert Advisors, scalping and hedging are allowed on all account types.