Next Step Founded

Next Step Founded is a financial brokerage company that provides various trading services, including forex, indices, commodities, and cryptocurrencies. Although the platform claims to be operated by Prop Trade Tech LLC and offers detailed account types and trading products, it has not disclosed its registration location and regulatory information, which increases the risk to potential investors.

Corporate Background and Regulatory Information of Next Step Founded:

Next Step Founded claims to offer trading services for forex, indices, commodities, and cryptocurrencies. Its official website is https://nextstepfunded.com/, and the domain was registered on September 10, 2022. The platform is operated by Prop Trade Tech LLC, numbered 2784 LLC 202. However, it does not provide specific registration location and regulatory information, making it impossible for users to verify its legitimacy and safety. This lack of transparency and regulatory information poses significant risks to investors, and it is advised to refrain from depositing funds or engaging in trading until the platform's legitimacy is fully confirmed.

Account Registration Process for Next Step Founded:

The process to register an account with Next Step Founded is as follows:

1. Visit the Next Step Founded website and click on the registration button.
2. Fill out the application form and provide necessary personal information.
3. Submit identity verification documents and phone number verification documents.
4. Begin trading after completing the deposit.

Account Types of Next Step Founded:

Next Step Founded offers the following account types:

Standard Account

• Account size: $100,000
• Challenge fee: $602.00 (refundable)
• Min Days: Unlimited
• Time Limit: Unlimited
• Daily Drawdown: 4%
• Max Loss: 8%
• Target: 10%

2 Step Account

• Account size: $100,000
• Challenge fee: $503.00 (refundable)
• Min Days: Unlimited
• Time Limit: Unlimited
• Daily Drawdown: 5%
• Max Loss: 10%
• Target: 8%

HFT Account

• Account size: $100,000
• Challenge fee: $890.00
• Min Days: 0
• Time Limit: Unlimited
• Daily Drawdown: 5%
• Max Loss: 12%
• Target: 10%

Flash Account

• Account size: $100,000
• Challenge fee: $75.00
• Min Days: 0
• Max Days: 1
• Daily Drawdown: 5%
• Max Loss: 5%
• Target: 10%

Trading Software of Next Step Founded:

Next Step Founded has not yet disclosed detailed information about its trading software. The choice of trading software directly affects the smoothness and safety of trading, so investors should be cautious in selecting a trading platform and prioritize those that provide transparent information and reputable trading software to ensure the security of their funds and smooth trading operations.

Trading Products of Next Step Founded:

Next Step Founded offers investors a diverse range of trading products, covering the following categories:

• Forex: Providing currency pairs from major, minor, and emerging markets, leveraging high liquidity and 24-hour trading opportunities to profit from exchange rate fluctuations.
• Precious Metals: Trading gold and silver as safe-haven assets to hedge against market risks and inflation, suitable for long-term investments and short-term speculation.
• Indices: Trading major global stock market indices such as the S&P 500, Dow Jones Industrial Average, and NASDAQ, gaining from the overall market performance for speculation and risk management.
• Oil: Offering trading in energy products like crude oil, profiting from fluctuations in energy prices while understanding changes in the global economy and energy consumption patterns.
• Stocks: Trading stocks of prominent global companies, participating in company growth and dividends, making informed decisions with real-time market data and analysis tools.

By providing these trading products, Next Step Founded helps investors flexibly allocate assets to achieve financial goals and meet various investment needs and strategies.

What are Next Step Founded's Spreads, Leverage, and Commissions?

The official website of Next Step Founded does not provide detailed information on spreads, trading leverage, trading commissions, minimum/maximum trade volume, maximum position/order volume, margin requirements, stop-out levels, minimum price precision, and contract sizes for trading accounts. This lack of transparency may affect investors' assessments of the platform's trading conditions and costs.

Deposit and Withdrawal Methods with Next Step Founded:

Next Step Founded accepts the following deposit and withdrawal methods:

• Credit Card
• Cryptocurrency

Customer Support for Next Step Founded:

Next Step Founded offers customer support through the following methods:

• Email: support@nextstepfunded.com

Through these contact methods, customers can reach out to Next Step Founded's support team for the necessary assistance and guidance. However, due to the platform’s lack of transparency in other areas, investors should exercise caution when using these support channels.

Conclusion:

Next Step Founded showcases certain advantages in offering diverse trading products and account types, but its lack of transparency regarding corporate background and regulatory information may negatively impact investor trust. Potential clients are advised to choose a platform that offers higher transparency and regulation. Next Step Founded is listed as "Suspected Fraud" on TraderKnows.