Next Step Funded
Next Step Funded was a proprietary forex trading firm that emerged in early 2023, founded by Jalel Abougouche and operating as Prop Solutions FZE-LLC. It offered funded accounts across forex majors/minors, metals, oil, indices, and stock CFDs, partnered with the broker Eightcap. Independent review sites report the firm as no longer operating, with a low trust score and reported payout issues.
Company Overview
Next Step Funded was a proprietary forex trading firm that emerged in early 2023, founded by Jalel Abougouche and operated under the entity Prop Solutions FZE-LLC. Independent review sources mark the firm as CLOSED and no longer operating, assigning it a low trust score (39/100) and warning traders not to send funds, citing reported trading and payout issues.
Evaluation Process & Trading Rules
The firm used a challenge-based evaluation system; the specific number of phases was not clearly documented in available sources. Tradable assets included forex majors and minors, metals, oil, indices, and stock CFDs. No minimum number of trading days was required, and weekend holding and news trading were reportedly permitted. A consistency rule was noted as applying, though its exact percentage threshold was not disclosed.
Funding & Profit Split
Account sizes of $50,000 (challenge fee $440), $100,000 ($890), and $300,000 ($2,150) were offered. The firm advertised a profit split of up to 80% to the trader, with a maximum combined account value of $600,000 through scaling.
Payout Process
Payouts were reportedly available bi-weekly after an initial 30-day trading period for the first two payout cycles, described as available "on demand" thereafter. Minimum payout amount was not disclosed.
Models:
Funding Sizes: $50,000$100,000$300,000
Profit Split: 80%
Max Allocation: $600,000
Drawdown: Daily —% / Max —% (—, consistency rule applies)
Reviews
Withdrawal has been "processing" for over 23 days according to Next Step Funded's dashboard. No update, no ETA.
Denied my payout citing a rule violation I was never told about. Next Step Funded's terms changed after the fact, feels like a bait and switch.
Would not recommend Next Step Funded to anyone at this point — too many traders reporting the same denied-payout pattern in the community threads.
Account got disabled out of nowhere. Next Step Funded never replied to any of my emails asking why.
Support at Next Step Funded took over a week to respond to a basic account question, and when they did it didn't actually answer anything.
Next Step Funded closed up shop and every payout request from that final month just vanished with them.
Payout Wall
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