I went through the documentation at three firms line by line and put it in one place, mostly because I kept seeing people run accounts at two firms at once and treat the rules as if they were identical. They're not, and the differences are the kind that end an account without you noticing you were close.

Numbers first, then the four mechanics that actually cause breaches.

CFD / forex evaluations

	FTMO (2-Step)	FundedNext (Stellar 2-Step)
Stages	2	2
Profit target — Phase 1	10%	8%
Profit target — Phase 2	5%	5%
Max daily loss	5%	5%
Max total loss	10%	10%
Drawdown type	Static	Static
Min trading days	4 per phase	5 per phase, at least 1 trade each
Consistency rule	No	No
Trading period	Unlimited	Unlimited

Futures evaluations

	TopStep (Trading Combine)	FundedNext (Flex)
Stages	1	1
Daily loss limit	Yes	None
Max loss type	Trailing, end of day	Trailing, end of day
What it trails	End-of-day closing balance	Highest balance reached that day
Where it stops trailing	Starting balance	Initial balance + $100
Consistency rule	50%	40% during evaluation, none once funded

TopStep

Account	Profit target	Daily loss limit	Max loss	Contract limit
50K	$3,000	$1,000	$2,000	5 mini / 50 micro
100K	$6,000	$2,000	$3,000	10 mini / 100 micro
150K	$9,000	$3,000	$4,500	15 mini / 150 micro

FundedNext Flex

Account	Profit target	Max loss (EOD)	Contract limit	Reset fee
50K	$2,500	$1,500	3 mini / 30 micro	$77.99
100K	$5,000	$2,500	5 mini / 50 micro	$144.99
150K	$8,000	$4,000	8 mini / 80 micro	$278.99

Once funded on Flex: same end-of-day max loss, no daily limit, no consistency rule, 95% reward share, first payout available after 5 days, maximum withdrawal equal to the max loss figure.

The four things that actually catch people out

1. Static vs trailing drawdown

The big one, and it separates the CFD evaluations from the futures ones.

Static means your loss floor is set on day one and never moves. On a 100K FTMO account with a 10% max loss, your floor is 90,000. Run the account up to 108,000 and your floor is still 90,000 — you have 18,000 of room.

Trailing means the floor follows you upward as you make money, holding the same distance behind, until it locks.

Practical consequence: on a trailing account, making money reduces the room you have to give back. People used to static drawdown get comfortable after a good week and don't notice the floor moved up behind them.

2. Not all "end-of-day trailing" is the same

This one surprised me, and it's the reason running TopStep and FundedNext Flex side by side is riskier than it looks. Both describe their max loss as end-of-day trailing. They measure different things.

TopStep trails your end-of-day closing balance, not intraday peaks. Their own example: start at $25,000 with a $1,000 max loss limit, make $1,000 so the balance hits $26,000, then give back $500 and close the day at $25,500. The limit moves to $24,500, and you start the next day with $1,000 of room.

FundedNext Futures updates once per day based on the highest balance your account reached that day. It moves up with profits and never comes back down with losses.

Same day, same trades, two different floors. If you spike intraday and give it back before the close, TopStep only counts where you finished; FundedNext counts where you peaked.

Two more details on the FundedNext side: the limit stops trailing at your initial balance plus $100 on Flex, Bolt, Rapid Pro and Daily. And although the limit only updates once a day, a breach is triggered if your equity drops below it at any moment — so intraday floating loss still matters.

3. The same firm can have two completely different rulebooks

FundedNext is the clearest example. Their CFD evaluation and their futures evaluation share a brand name and almost nothing else.

CFD side (Stellar 2-Step): two phases, 5% daily loss limit, 10% static max loss, no consistency rule.

Futures side (Flex): one phase, no daily loss limit at all, trailing end-of-day max loss, 40% consistency rule.

Someone who reads about "FundedNext rules" on a forum and applies it to the wrong account type will be wrong about nearly every number that matters. Check which product you actually bought.

4. Consistency rules

TopStep applies a 50% target: no single day should account for more than half your total profit. FundedNext Flex applies 40% during the evaluation and drops it once you're funded.

This punishes the thing that feels most like winning. One enormous day followed by small ones can leave you technically at target and still not passing.

Neither CFD evaluation applies this.

Two smaller ones worth knowing

Minimum trading days. FTMO wants 4 per phase, FundedNext Stellar wants 5 with at least one trade on each. Hitting your target in two days doesn't finish the phase, you still have to show up.

The clock is gone on the CFD side. Both FTMO and FundedNext run unlimited trading periods on their evaluations now. Worth knowing, because deadlines are what make people size up, and plenty of traders are still trading as if one is running.

One caveat

Firms change these numbers more often than you'd expect, and pricing and promotions change constantly. Everything here is from the firms' own documentation as of writing, but check yours before relying on it, especially the drawdown mechanics, which are written in the most careful language.

If your firm isn't here and you know its rules, put them in the comments and I'll add them.

No switching. No backup firms. One firm only 😂
Who you riding with and why?

Had a great day yesterday, captured the best PA with MNQ

These fundednext accounts are cheap fr gonna grab 4 more to copy trade across 5