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For years, the proprietary trading industry has been viewed with skepticism. Many legacy firms operate what is essentially a "churn and burn" model: charge high evaluation fees, impose strict time limits, profit when the trader fails, and repeat.
Next Level Funded (NLF) entered the market in 2025 with a radically different philosophy: build a firm that actually supports the trader. Founded by Spencer Todd, NLF recognized that long-term sustainability in the prop space requires aligning the firm's success with the trader's success.
Here is how Next Level Funded is structurally designed to support traders in 2026.
1. Removing the Pressure: Unlimited Trading Days
The fastest way to make a trader fail is to put them on a clock. When a trader has 30 days to make 8%, they take sub-optimal setups, over-leverage their positions, and ultimately hit their daily drawdown limits.
NLF removed Maximum Trading Days across all of their accounts—from the $10 Instant Funding tier to the $200k 2-Step Pro Challenge.
- The Result: Traders can wait for their A+ setups. If the market is ranging and unreadable for two weeks, NLF traders can simply sit on their hands without fear of failing their evaluation due to a time limit.
2. Unprecedented Profit Retention: 100% Splits
Most prop firms cap their profit splits at 80% or 90%. NLF offers a 100% Rewards Split on its 1-Step and 2-Step Challenge accounts.
If a trader puts in the hard work to pass an evaluation and navigate the live markets profitably, NLF believes they deserve to keep the entirety of the profit they generated. This level of compensation ensures that elite traders make NLF their permanent home for capital.
3. Financial Flexibility: On-Demand Payouts
The industry standard for payouts is a 14-day or 30-day wait period. This model benefits the firm's cash flow, not the trader.
NLF introduced On-Demand Reward Cycles. When a trader generates profit, they can request a payout immediately. Furthermore, NLF backs this up with a guarantee: if your payout is not processed within 12 hours, NLF will add a $1,000 bonus to your account. This proves that NLF holds liquid capital and respects the trader's right to their earnings.
4. Accessible Entry Points
A firm cannot claim to support traders if it prices them out of the market. NLF has democratized access to capital with pricing structures that accommodate every financial situation:
- $10 Instant Funding: Access a $10k account instantly for the cost of a lunch.
- $50k for $50: The ultimate beginner account with a 100% profit split.
- $7.77 Pay After You Pass: Start any evaluation size for less than $8 upfront.
5. Radical Transparency
Support is not just about account metrics; it is about communication. CEO Spencer Todd hosts weekly live streams to directly answer trader questions, address industry concerns, and provide transparent updates on the firm's operations. Combined with a highly active Discord community where traders share live setups and mentorship, NLF provides an ecosystem of support that goes far beyond trading capital.
If you are tired of trading against your prop firm, it is time to trade with one that has your back.
Join the Next Level Funded Community Today
Author: Spencer Todd, Founder of Next Level Funded
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