Next Level Funded, established in November 2024 and operated by Next Lvl Funded PTY LTD in Melbourne, Australia, offers simulated trading services through three program structures: 1 Step, 2 Step, and Instant Funding, plus an Instant Pro account type. Account sizes include $5,000, $10,000, $25,000, $50,000, $100,000, and $200,000 for the 1 Step and 2 Step programs, while Instant Funding is offered as $10,000 and $25,000 Beginner and Intermediate accounts, and Instant Pro is offered at $5,000, $10,000, $25,000, $50,000, $100,000, and $200,000. Supported platforms are Match-Trader, MetaTrader 5, and Trade Locker. The 1 Step program requires an 11% profit target, 7% trailing overall drawdown, 4% daily drawdown, unlimited trading days, and at least 3 profitable trading days. The 2 Step program requires 8% in phase one and 6% in phase two, with 8% static overall drawdown, 4% daily drawdown, unlimited trading days, and at least 3 profitable trading days. Instant Funding Beginner and Intermediate accounts require a 2.5% profit target, 5% trailing overall drawdown, 3% daily drawdown, unlimited trading days, and at least 5 profitable trading days. Instant Pro accounts have no stated profit target, use 6% trailing overall drawdown and 3% daily drawdown, require at least 5 profitable trading days, and use an on-demand reward cycle. The Firm states a 100% profit split on 1 Step, 2 Step, and Instant Pro accounts, and 50% on Instant Funding Beginner and Intermediate accounts, with payouts on demand or every 7 days depending on the program. This overview summarizes Next Level Funded as a simulated prop firm offering multiple challenge and instant funding paths with several account sizes and platform options.