Next Level Funded

Next Level Funded (NLF) is a prop firm evaluation platform run by Next Lvl Funded PTY LTD, registered in Victoria, Australia (company no. 685007710). Traders buy a simulated account, prove they can hit a profit target without blowing through drawdown limits, and then earn rewards from NLF's own capital. All trading happens on demo accounts. No real money hits the markets.

NLF launched with three hooks that separate it from the FTMO/FundedNext crowd. First is pricing. A $5,000 1-Step account costs $37 under NLF's current sitewide promo, $74 standard. That undercuts most competitors at the entry tier. Second is the 100% rewards split. Most firms cap splits at 80% to 90% and gate the higher tiers behind scale-up milestones. NLF gives 100% from the first payout. Third is speed. NLF claims 3-hour average payout processing.

The firm supports Match-Trader, MetaTrader 5, and TradeLocker. Account sizes run from $5,000 to $200,000. The founder is Spencer Todd, whose name appears on the "Rewards within 12-hours or $1,000 Bonus" guarantee on the pricing page.

As of July 2026, NLF reports $1.1M+ paid to traders across 110+ countries. Their Discord server has 14,000+ members.

Next Level Funded sells five account types across three categories: 1-Step (static drawdown), 2-Step (wider drawdowns), and Instant Funding (no evaluation). As of July 2026, the specific variants are 1-Step, 1-Step Pro, 2-Step, Instant Pro, and Instant Crown.

1-Step Evaluation

The 1-Step is the core product. One phase. Hit the 8% profit target while staying within drawdown limits and you get funded. No time limit.

Instant Crown (No Evaluation)

The Instant Crown skips the evaluation. You are funded from your first trade. The trade-off is tighter drawdown: 2% daily and 4% trailing overall. No consistency rule. No minimum trading days. Rewards on demand.

All evaluation fees are one-time charges. NLF states the fee is refunded on your 3rd payout cycle.

NLF also offers an Account Top-Up feature. If your account balance drops into drawdown, you can add funds back up to your starting balance. The pricing and availability of this feature is not detailed on the public site. [verify: confirm Top-Up pricing and conditions.]

Next Level Funded uses two drawdown models depending on account type. The 1-Step uses static drawdown. The Instant Crown uses trailing drawdown. This changes how you manage risk on each product.

Daily Loss Limit

The 1-Step has a 3% daily loss limit. The Instant Crown has a 2% daily limit. NLF's site does not clarify whether these are hard cutouts (instant breach) or soft limits, or whether they calculate on balance or equity. [verify: confirm daily loss limit mechanics from NLF support.]

Trading Rule Summary

News trading and weekend holding are allowed on all account types. There is no time limit on passing the evaluation. The Instant Crown has zero consistency requirements and no minimum trading day count.

Next Level Funded supports three platforms as of July 2026: Match-Trader, MetaTrader 5 (MT5), and TradeLocker. You pick your platform at checkout. There is no MT4 or cTrader support.

Match-Trader is listed first on the checkout page. It is a web-based platform that several newer prop firms use as their primary frontend. MT5 is the industry standard. TradeLocker is a newer platform that has picked up traction for its mobile app and clean interface.

NLF does not publish a specific instrument list on their marketing pages. The footer says "simulated trading services" use third-party platform technology. The available instruments depend on the platform and liquidity feed. Most firms on Match-Trader and MT5 offer forex pairs, major indices, commodities, and some crypto pairs. [verify: confirm the exact instrument list with NLF support or by checking the platform after account setup.]

Next Level Funded pays a 100% rewards split on every account type. All profit you withdraw goes to you. No 80/20. No 90/10. No tiered gate. NLF positions this as a permanent feature, not a limited promo.

The firm claims 3-hour average payout processing. Payouts are on demand through the dashboard. Trustpilot reviews confirm Rise as a payout processor. One reviewer wrote about receiving "Rewards rewards on Rise without any issues." Another mentioned rewards processed "under 30 minutes."

Scale-Up Path

NLF has a scaling plan from $100,000 to $1,000,000 over 12 months:

The scaling conditions: minimum 3 profitable trading days per cycle, no single trade exceeding 20% of total rewards, consistent monthly performance, and maintained drawdown rules throughout.

Fee Refund

The one-time evaluation fee is refunded on the 3rd rewards cycle. NLF also puts a "Rewards within 12-hours or $1,000 Bonus" guarantee on the checkout page, signed by founder Spencer Todd.

NLF also runs its own rotating site-wide promos. At the time of writing, the active promo is 50% off + 2 free accounts of the same size with code 2XBOGO. Check the FundedTrading discount page for the latest verified codes.

Next Level Funded is operated by Next Lvl Funded PTY LTD, registered in Victoria, Australia with company number 685007710. The registered address is 39 Mountain View Pde, Rosanna, VIC 3084. The simulated trading services run from Suite 7, Level 1, 486 Lower Heidelberg Road, Heidelberg VIC 3084. This is a verifiable Australian entity.

The firm holds a 4.6 out of 5 rating on Trustpilot from 500+ reviews as of July 2026. Most positive reviews mention fast payout processing and responsive support. Multiple traders confirm receiving rewards through Rise within hours of requesting.

One pattern to flag: a July 2026 Trustpilot review describes an account termination for "correlation to multi-accounting" after a $4,999 payout request. The trader provided a lease agreement showing a 64-unit apartment complex with shared network infrastructure. NLF support deleted the tickets and refused to share specific evidence. This IP/network fingerprinting issue appears at other prop firms too. It does not make NLF a scam, but traders on shared networks should know the risk before buying.

NLF reports $1.1M+ total payouts. That is real money, but small compared to what FTMO ($200M+) or FundedNext ($50M+) report. The Discord has 14,000+ members, which shows engagement but does not prove long-term reliability.

Bottom line: NLF checks the basic legitimacy boxes. Australian registration, verifiable company number, Trustpilot profile with real reviews, confirmed payouts via Rise. Prop firms do not need a financial license because they do not manage client funds. The risk here is youth, not structure.

If NLF does not fit your needs, here are three established firms to compare:

NLF's confirmed $37 promo / $74 standard price at the $5K tier undercuts all three competitors at entry level. The 100% rewards split also beats every competitor listed above. The trade-off is track record and proven scale. FundedNext and FXIFY have years of payout history and larger total payout volumes.

Browse all reviewed firms on the FundedTrading prop firm directory or compare them on the prop firm comparison page.

Next Level Funded's entry-tier pricing is among the cheapest we have seen at the $5K size. The 100% rewards split, 3-hour average payout speed, and Instant Funding option make the numbers hard to beat on paper. Australian registration and a 4.6 Trustpilot score give it more credibility than most firms at this stage. Confirm pricing at the size you actually want before buying, since only the $5K tier was verified this session.

The concerns are real but not dealbreakers. The firm is young. Total payouts are in the low seven figures. IP-based multi-accounting detection has caused at least one documented payout denial on a shared network. And the Instant Crown's 4% trailing drawdown can end an account in one bad session.

If you are fine with the risk of a newer firm and want the lowest entry price with the highest possible split, NLF is worth testing. Start small. Verify payouts yourself. Scale from there.