Sourced directly from FundedNext's own FN Labs help center articles: product overview, passing the Challenge Phase, consistency rule, EOD trailing max loss limit, and FundedNext Phase rules and reward criteria.
The 6% headline target isn't the real number, the payout gate adds another 2%
Passing the Challenge Phase only requires the 6% profit target. But no payout is possible until 5 Benchmark Days (≥0.4% each) are logged in a single cycle, and the minimum qualifying combination, 5 days at exactly 0.4%, already adds up to 2%, which also clears the separate 1% minimum-cycle-profit floor on its own. That 2% doesn't show up anywhere in the marketing, it only appears once you're already funded and trying to withdraw, so the real distance to a first payout is 8%, not the 6% the Challenge Phase alone advertises.
Passing the Challenge Phase only requires the 6% profit target. But no payout is possible until 5 Benchmark Days (≥0.4% each) are logged in a single cycle, and the minimum qualifying combination, 5 days at exactly 0.4%, already adds up to 2%, which also clears the separate 1% minimum-cycle-profit floor on its own. That 2% doesn't show up anywhere in the marketing, it only appears once you're already funded and trying to withdraw, so the real distance to a first payout is 8%, not the 6% the Challenge Phase alone advertises.
The trailing drawdown locks early and stops, instead of chasing your balance forever
This is the actual novelty of FNL:001, and it's genuinely trader-favorable. The 4% max-loss floor trails your end-of-day closed balance (not real-time floating equity), but once your balance reaches +4.2% above the start, the floor locks permanently at +0.2% above the starting balance and never trails upward again, even if the account keeps growing. FundedNext's own worked example: a trader whose balance later climbs to +10% ends up with a 9.8% effective buffer instead of a still-tight 4% one, because the floor stopped moving. The same lock triggers automatically on your first withdrawal too, if you haven't naturally trailed into the lock zone yet, taking a payout locks it there immediately. Most trailing-drawdown rules get worse the more you make (the floor keeps chasing you), this one gets better.
This is the actual novelty of FNL:001, and it's genuinely trader-favorable. The 4% max-loss floor trails your end-of-day closed balance (not real-time floating equity), but once your balance reaches +4.2% above the start, the floor locks permanently at +0.2% above the starting balance and never trails upward again, even if the account keeps growing. FundedNext's own worked example: a trader whose balance later climbs to +10% ends up with a 9.8% effective buffer instead of a still-tight 4% one, because the floor stopped moving. The same lock triggers automatically on your first withdrawal too, if you haven't naturally trailed into the lock zone yet, taking a payout locks it there immediately. Most trailing-drawdown rules get worse the more you make (the floor keeps chasing you), this one gets better.
The 40% consistency rule doesn't breach the account, it raises the bar instead
If a single day's profit exceeds 40% of the current profit target, nothing fails. Instead, the total profit target automatically scales up so that day's profit is still exactly 40% of the new target, then trading continues toward the new number. FundedNext's own example: a 2.8% day against a 6% target (limit 2.4%) pushes the target to 7%. It's a genuine self-correcting mechanic rather than a hard-breach rule, the kind of consistency rule that actually does what it claims to, filtering against one lucky trade carrying the whole pass, without being able to end the challenge over it.
If a single day's profit exceeds 40% of the current profit target, nothing fails. Instead, the total profit target automatically scales up so that day's profit is still exactly 40% of the new target, then trading continues toward the new number. FundedNext's own example: a 2.8% day against a 6% target (limit 2.4%) pushes the target to 7%. It's a genuine self-correcting mechanic rather than a hard-breach rule, the kind of consistency rule that actually does what it claims to, filtering against one lucky trade carrying the whole pass, without being able to end the challenge over it.
No daily loss limit sounds free, but the EOD-only trailing floor is still the real constraint
There's no intraday daily loss cap, floating drawdown during the session isn't capped at all until the day closes. But the 4% trailing Maximum Loss Limit is calculated only from your highest end-of-day closed balance, so a single very bad day that's still open, or floating losses that never get realized by close, aren't what breaches the account, a closing balance that's dropped 4% below the trailing floor is. This is closer to a single, slower-moving daily-drawdown mechanic in disguise than genuine freedom from daily risk limits.
There's no intraday daily loss cap, floating drawdown during the session isn't capped at all until the day closes. But the 4% trailing Maximum Loss Limit is calculated only from your highest end-of-day closed balance, so a single very bad day that's still open, or floating losses that never get realized by close, aren't what breaches the account, a closing balance that's dropped 4% below the trailing floor is. This is closer to a single, slower-moving daily-drawdown mechanic in disguise than genuine freedom from daily risk limits.
The account has a hard lifetime cap most FundedNext products don't have
Every other FundedNext model runs indefinitely once funded. FNL:001 doesn't, the account closes permanently after its 5th total Performance Reward, win or lose. There's also no 15% evaluation-profit bonus rolled into the funded balance (a feature other FundedNext products do offer), no refundable-fee add-on, and no scaling plan, this product is priced and structured as a smaller, self-contained, fixed-lifetime offer rather than a long-term account.
Every other FundedNext model runs indefinitely once funded. FNL:001 doesn't, the account closes permanently after its 5th total Performance Reward, win or lose. There's also no 15% evaluation-profit bonus rolled into the funded balance (a feature other FundedNext products do offer), no refundable-fee add-on, and no scaling plan, this product is priced and structured as a smaller, self-contained, fixed-lifetime offer rather than a long-term account.
Benchmark Days are a profitable-days rule, gating the payout cycle, not the funded stage itself
Once funded, the 40% consistency rule disappears entirely, but a separate requirement takes its place for withdrawals specifically: at least 5 "Benchmark Days" (≥0.4% net profit from closed trades each) and 1% minimum net profit, both within the same cycle, before a payout can be requested. Miss either one and the payout is denied outright, per FundedNext's own worked example, 3 Benchmark Days and 1.2% profit still fails for being 2 days short. Profit is attributed to whichever day a trade closes on, not when it opened, so a multi-day hold's profit counts entirely toward its close date.
Once funded, the 40% consistency rule disappears entirely, but a separate requirement takes its place for withdrawals specifically: at least 5 "Benchmark Days" (≥0.4% net profit from closed trades each) and 1% minimum net profit, both within the same cycle, before a payout can be requested. Miss either one and the payout is denied outright, per FundedNext's own worked example, 3 Benchmark Days and 1.2% profit still fails for being 2 days short. Profit is attributed to whichever day a trade closes on, not when it opened, so a multi-day hold's profit counts entirely toward its close date.
The 80% split applies to the withdrawal request, not the full cycle profit, so the real per-cycle take is closer to 40%
The 50%-of-cycle-profit cap and the 80% profit split stack rather than one replacing the other. FundedNext's own worked example makes this explicit: a $1,000 (2%) cycle profit caps the eligible withdrawal at $500 (1%, the 50% cap), and only then does the 80% split apply, "$500 requested × 80%" pays out $400 (0.8%), not $800. So of a 2% cycle profit, only 0.8% actually converts to cash in that cycle, the remaining balance isn't forfeited, it stays in the account and can be drawn down in a later cycle, but it does mean the headline 80% split significantly overstates how much of any single cycle's profit is actually liquid right away.
The 50%-of-cycle-profit cap and the 80% profit split stack rather than one replacing the other. FundedNext's own worked example makes this explicit: a $1,000 (2%) cycle profit caps the eligible withdrawal at $500 (1%, the 50% cap), and only then does the 80% split apply, "$500 requested × 80%" pays out $400 (0.8%), not $800. So of a 2% cycle profit, only 0.8% actually converts to cash in that cycle, the remaining balance isn't forfeited, it stays in the account and can be drawn down in a later cycle, but it does mean the headline 80% split significantly overstates how much of any single cycle's profit is actually liquid right away.
News trading and holding are unrestricted in both phases, EAs are the one thing banned outright
Overnight and weekend holding are fully allowed in both the Challenge and FundedNext phases, and news trading is never blocked, funded-phase profit from high-impact news trades is simply capped at 40% of total returns, the same discount-not-ban shape documented on FundedNext's other products. The one hard restriction unique to this product: Expert Advisors and automated trading aren't allowed at all, manual trading only, a stricter stance than FundedNext's standard CFD models.
Overnight and weekend holding are fully allowed in both the Challenge and FundedNext phases, and news trading is never blocked, funded-phase profit from high-impact news trades is simply capped at 40% of total returns, the same discount-not-ban shape documented on FundedNext's other products. The one hard restriction unique to this product: Expert Advisors and automated trading aren't allowed at all, manual trading only, a stricter stance than FundedNext's standard CFD models.
Same firm-wide terms likely apply, not yet confirmed for this specific beta
The firm overview covers what applies across FundedNext's other products: the broad discretionary termination language, and the FNmarkets broker structure. Whether FN Labs runs under the exact same Terms document, or has its own beta-specific rider, hasn't been confirmed yet.
The firm overview covers what applies across FundedNext's other products: the broad discretionary termination language, and the FNmarkets broker structure. Whether FN Labs runs under the exact same Terms document, or has its own beta-specific rider, hasn't been confirmed yet.
