Terms & Conditions
Last updated: March 2026 · Effective immediately upon account creation
1. Account Models & Fees
| Model | Account Size | Phase 1 Target | Max DD | Profit Split | Fee |
|---|---|---|---|---|---|
| 2-Step Classic | ₦250K–₦1M | 10% | 20% | 80% | ₦11K–₦42K |
| 2-Step Pro | ₦250K–₦1M | 7% | 15% | 85% | ₦9.5K–₦38K |
| 1-Step | ₦500K–₦1.5M | 18% | 18% | 80% | ₦30K–₦95K |
Challenge fees are non-refundable except where services were not delivered, or as stated in specific plan promotions. Review all pricing before purchasing.
2. Trading Rules
- The maximum loss allowed in a single trading day, calculated from your initial starting balance.
- Includes both open (floating) and closed (realized) losses at any point during the day.
- Breaching the daily limit results in immediate account termination.
- Default limit: 10% of initial balance for all account types unless stated otherwise.
- The absolute maximum loss from your initial starting balance at any time.
- 2-Step Classic: 15% | 2-Step Pro: 15% | 1-Step: 14%
- This is a fixed, static limit — it does not trail profits upward.
- Breaching (even momentarily via floating losses) causes immediate account breach.
- 2-Step Classic: 3 days per phase | 2-Step Pro: 1 day | 1-Step: 3 days
- A trading day counts only when at least one position is opened and closed.
- Must meet minimum days before qualifying for phase pass or payout.
- Funded accounts are restricted from trading 5 minutes before and after HIGH/MEDIUM impact economic events.
- Challenge accounts have no news trading restrictions.
- See the News Calendar page for upcoming restricted events.
3. Prohibited Trading Strategies
- Cross-account hedging — opening opposite positions on the same instrument across multiple accounts you control.
- Tick scalping — entering and exiting positions in under 2 minutes to capture 1–2 tick moves.
- Martingale / Grid trading — progressively increasing lot sizes after losses, or automated grid strategies.
- Account sharing — allowing third parties to access or trade your account.
- Copy trading from external signals in a way that mirrors prohibited strategies.
- Use of bots or EAs that facilitate any of the above.
Normal scalping (holding trades 2+ minutes), swing trading, discretionary trading, and systematic strategies are all permitted.
4. Reward Policy (Payouts)
- 2-Step Classic: 10% profit on funded account
- 2-Step Pro: 8% profit on funded account
- 1-Step: 5% profit on funded account
- Maximum reward per payout cycle: 40% of your initial account size.
- Example: ₦500K account — max payout per cycle = ₦200K.
- Profits beyond the cap remain in account for future cycles.
- Payout processing: 5–7 working days depending on account type.
- Initial split: 80% to trader / 20% to NextPayout (upgradable to 90/10 per performance milestones).
- 2-Step Pro starts at 85% trader split.
- Payouts via bank transfer or agreed method after KYC verification.
5. Eligibility & KYC
You must be 18 years or older to use NextPayout services. By using our platform you confirm that:
- You are at least 18 years of age.
- Trading is legal in your jurisdiction.
- You are solely responsible for all applicable taxes on payouts.
- Your participation does not violate any employment or regulatory obligations.
- KYC verification (government ID and proof of address) is required before funded account activation and payouts.
6. Account Breach & Termination
- Max drawdown exceeded.
- Daily drawdown exceeded.
- Any prohibited trading strategy detected.
- Account sharing or third-party access.
- Fraud, manipulation, or exploiting platform errors.
- Prolonged inactivity on funded account (5+ days without trades).
- Minor rule violations at our discretion.
Upon hard breach: Funded account closes immediately. Pending payouts may be forfeited if breach-related. Challenge fees are non-refundable.
7. Limitation of Liability
Services are provided "as is". NextPayout disclaims all warranties regarding performance, accuracy, or uninterrupted access. Our total liability shall not exceed the Challenge fee paid in the last 12 months. We are not liable for:
- Trading losses or missed opportunities.
- Platform or broker downtime.
- Third-party service interruptions.
- Indirect or consequential damages.
Trading involves substantial risk of loss. You trade entirely at your own risk.
8. Amendments & Governing Law
We may update these Terms with notice via email or dashboard. Continued use constitutes acceptance. Major adverse changes will not apply retroactively to active Funded Accounts without consent.
This Agreement is governed by the laws of the Federal Republic of Nigeria. Disputes are first attempted via informal resolution. No class actions permitted.