Nexgen ProTrader Funding: Built by Traders with 25+ Years of Market Experience

The prop firm industry has grown rapidly as traders look for access to larger trading capital. But as the space becomes more crowded, traders are increasingly asking a simple question: which firms are actually built for traders rather than just marketing?

Nexgen ProTrader Funding is one firm attempting to answer that question. Launched in 2025 by trading veteran John Novak, the company builds on decades of experience in trading software, trader education, and market analysis.

Rather than entering the prop firm industry as a new business experiment, Nexgen ProTrader Funding was built on a long history in the trading world.

A Trading Business That Started in 1998

John Novak’s background in the trading industry goes back more than two decades. His first company, Nexgen Software Services, was launched in 1998 and focused on trading software and trader education.

“Nexgen Software Services was my first company, launched on August 4th 1998.”

Since the early 2000s, the company has specialised in automated Fibonacci-based trading software while educating traders through live online chat rooms and training environments.

“As one of the early pioneers in online trader education, we invested years working alongside Mark Douglas and professional traders from the CME floor to refine both our methodology and our teaching approach.”

The strategies taught today are built on the same principles developed during those early years.

“The trades we teach today are rooted in the same core principles and strategies we were teaching in 2000 and beyond, reflecting the consistency and durability of our methods over time.”

Over the years, the company developed a strong reputation for trader education, performance analysis, and customer support.

Why Nexgen Decided to Launch a Prop Firm

Before launching Nexgen ProTrader Funding, Novak and his team had already been sending significant trading activity toward other prop firms.

“We have directed millions of dollars in prop trading business to other firms, including Take Profit Trader and Apex.”

Eventually, the team realised they could build a prop firm that better reflected how traders actually operate in live markets.

“Recognizing the opportunity to better serve serious traders, we made the strategic decision to build our own firm designed around a more realistic, trader friendly model that better reflects the experience of trading a live money account.”

The goal was to create an environment where traders feel as if they are managing their own capital rather than navigating overly restrictive prop firm rules.

A Model Designed Around Real Trading

At the centre of Nexgen ProTrader Funding’s approach is the belief that traders should feel as though they are trading real accounts.

“We want traders to feel like they are trading their own live money accounts.”

One of the biggest ways the firm attempts to achieve this is through its drawdown structure.

“We have built out the best, largest and easiest drawdowns in the business.”

Combined with fast payouts and strong support, Novak believes the model creates a more sustainable trading environment.

“With fast payouts and excellent customer service Nexgen is poised to be a leader in the prop firm space.”

What Nexgen Believes the Industry Gets Wrong

According to Novak, one of the biggest issues in the prop firm industry is the structure of drawdown rules.

“I think ruining traders dreams with nasty small and live open equity drawdowns is one of the worst offenders in taking traders money.”

Overly restrictive drawdown models can make it extremely difficult for even disciplined traders to succeed.

Instead, Nexgen aims to create conditions where traders can trade realistically without constantly fighting against the account rules.

The Principles Behind the Firm

When designing Nexgen ProTrader Funding, the company focused on three core values.

“Nexgen ProTrader Funding was built on our number one principle: honesty. Number two: transparency. And number three: client support.”

These principles influence everything from the firm’s rules to how traders interact with the team.

Nexgen also emphasises the importance of community.

“Nexgen is more than a company, it is a family. A large portion of our staff are traders themselves, and every one of our clients is part of a community built around growth, support, and opportunity.”

The goal is not just to fund traders, but also to help them grow into consistent professionals.

“We are proud not only to teach traders how to trade well, but also to provide them with a real opportunity to turn their skill, discipline, and effort into meaningful income.”

The Hardest Part of Building a Prop Firm

Launching a prop firm may appear simple from the outside, but Novak says the reality is much more complex.

“The hardest part beyond coding the platform from scratch is building a model that is both attractive to traders and sustainable for the firm.”

Running a prop firm involves balancing many competing pressures.

“You must balance marketing, trader acquisition, technology, payout expectations, data feed costs, copier execution, fraud prevention, and rule enforcement.”

At the same time, the firm must ensure that reckless traders do not damage the long term sustainability of the platform.

“The hardest part is not launching the firm, but creating a structure where good traders want to stay, bad behavior is controlled, and the company can survive long term.”

Trust is another major challenge for new firms.

“New prop firms must prove they will pay traders, enforce rules fairly, offer stable technology, and communicate clearly.”

What Traders Might Not Realise

Many traders underestimate the complexity involved in operating a prop firm.

“It is very difficult and very expensive.”

The Nexgen team is constantly improving both the trading platform and the systems operating behind the scenes.

“Until we have experienced all the ways things can go wrong and fix those minor challenges, we are constantly working to improve the front and back end.”

Two areas the company is particularly proud of are its documentation and customer service.

“Our extremely accurate and easy to read rules and documentation are the best in the industry.”

Customer support is another key focus.

“We call people, log on to their computers and help when needed. We are there for them instantly and live.”

According to Novak, creating a great trader experience ultimately drives everything else.

“We care so much about making sure their experience is wonderful. Everything else will take care of itself.”

The Type of Trader Nexgen Wants

Nexgen ProTrader Funding is designed for traders who treat trading seriously.

“We really want those guys that trade like it was their own money and not pretend money.”

The firm actively discourages behaviour that resembles gambling rather than disciplined trading.

“Too many traders trade over leveraged and without regard for the money.”

Instead, Nexgen encourages steady and consistent trading.

“We encourage consistency, keeping a steady stream of profits coming in and knowing when to quit.”

Certain behaviours are strongly discouraged.

“We discourage traders who trade without stops and continually add on to losing trades.”

What Successful Funded Traders Do Differently

According to Novak, the most successful traders tend to focus on consistency rather than constantly switching strategies.

“In traders we value consistency above all else.”

Most traders develop a specific edge and execute it repeatedly.

“The most successful traders are typically those who know their edge, stay in their lane, and execute it consistently.”

Trying to master multiple strategies at once often leads to inconsistent results.

“What we rarely see are traders who can perform all these styles successfully over time.”

Advice for Traders Taking a Prop Firm Challenge

For traders starting their first prop firm challenge, Novak emphasises one principle above all else: risk management.

“Realistic risk management is essential.”

Many accounts are lost because traders take excessive risk or overtrade.

“A trader can lose an account in just one day by overtrading or using excessive contract size.”

Instead, traders should approach prop firm accounts the same way they would treat their own capital.

“Disciplined traders approach drawdown limits as though they were trading their own cash account.”

The traders who succeed over time are those who protect capital and trade consistently.

“The traders who last are the ones who manage risk conservatively, protect capital, and focus on steady performance over time.”

To find out more about Nexgen, you can read about them here.

You can also get 50% ff all challenges with code FUNDED50