TLDR: At FundedNext Futures, contract limits are fixed based on account type (Rapid or Legacy) and account size ($25K, $50K, or $100K). For Rapid Challenge, the limits are up to 2 e-minis or 10 micro e-minis on $25K, up to 3 e-minis or 15 micro e-minis on $50K, and up to 5 e-minis or 25 micro e-minis on $100K. In Rapid FundedNext Accounts, these limits increase to 3 e-minis or 15 micro e-minis on $25K, 5 e-minis or 25 micro e-minis on $50K, and 7 e-minis or 35 micro e-minis on $100K.
For Legacy Challenge, the limits are up to 2 e-minis or 20 micro e-minis on $25K, up to 3 e-minis or 30 micro e-minis on $50K, and up to 5 e-minis or 50 micro e-minis on $100K. Legacy FundedNext Accountsaccounts allow slightly higher allocations, with 3 e-minis or 30 micro e-minis on $25K, 5 e-minis or 50 micro e-minis on $50K, and 7 e-minis or 70 micro e-minis on $100K. Traders may also mix e-mini and micro e-mini contracts using equivalence ratios, set at 1:5 for Rapid accounts and 1:10 for Legacy accounts.
At FundedNext Futures, traders are assigned specific contract limits based on their account type (Challenge or FundedNext) and account size. These limits are fixed at the time the account is created and do not increase with profit. The contract limits are designed to maintain proper risk management while providing traders with the flexibility to execute their strategies effectively.
Overview of Contract Limits
Contract Limits of Rapid Challenge:
$25,000 Account – open up to 2 e-mini or 10 micro e-mini futures contracts at a time.
$50,000 Account – open up to 3 e-mini or 15 micro e-mini futures contracts at a time.
$100,000 Account – open up to 5 e-mini or 25 micro e-mini futures contracts at a time.
Note: Traders may also mix e-mini and micro e-mini contracts, maintaining the 1:5 equivalence ratio. For example, on a $25,000 account, a trader could have 1 e-mini and 5 micro e-mini contracts open at the same time, which equals the allowed limit of 2 e-mini contracts.
Example:
If a trader wants to trade the Micro E-mini Nasdaq-100 (MNQ), they can open up to 15 contracts on a $50K Challenge Account. If they choose the E-mini Nasdaq-100 (NQ), they can open up to 3 contracts instead.
Contract Limits of Rapid FundedNext Account:
$25,000 Account – open up to 3 e-mini or 15 micro e-mini futures contracts at a time.
$50,000 Account – open up to 5 e-mini or 25 micro e-mini futures contracts at a time.
$100,000 Account – open up to 7 e-mini or 35 micro e-mini futures contracts at a time.
Example:
A trader with a $100K FundedNext Account can trade up to 35 contracts of Micro E-mini Dow Jones (MYM), or 7 contracts of E-mini Dow Jones (YM).
Contract Limits of Legacy Challenge:
$25,000 Account – open up to 2 e-mini or 20 micro e-mini futures contracts at a time.
$50,000 Account – open up to 3 e-mini or 30 micro e-mini futures contracts at a time.
$100,000 Account – open up to 5 e-mini or 50 micro e-mini futures contracts at a time.
Note: Traders may also mix e-mini and micro e-mini contracts, maintaining the 1:10 equivalence ratio. For example, on a $25,000 account, a trader could have 1 e-mini and 10 micro e-mini contracts open at the same time, which equals the allowed limit of 2 e-mini contracts.
Example:
If a trader wants to trade the micro e-mini Nasdaq-100 (MNQ), they can open up to 30 contracts on a $50K Challenge Account. If they choose the e-mini Nasdaq-100 (NQ), they can open up to 3 contracts instead.
Contract Limits of Legacy FundedNext Account:
$25,000 Account – open up to 3 e-mini or 30 micro e-mini futures contracts at a time.
$50,000 Account – open up to 5 e-mini or 50 micro e-mini futures contracts at a time.
$100,000 Account – open up to 7 e-mini or 70 micro e-mini futures contracts at a time.
Example:
A trader with a $100K FundedNext Account can trade up to 70 contracts of micro e-mini Dow Jones (MYM) or 7 contracts of e-mini Dow Jones (YM).