- Scaling potential up to $1,280,000 with a 4.7/5 Trustpilot rating.
- Options for basic evaluation, direct funding, and five account programs.
- Inclusive of preparatory educational sessions.
- Overnight holding permitted (Monday - Friday) with 1:100 leverage.
- Premium instruction and mentorship from industry experts.
Funding Pips
- Industry-leading low evaluation fees with a 4.7/5 Trustpilot rating.
- Allocation capital up to $2,000,000 with 1:100 leverage.
- Flexible trading: unlimited period, no minimum days, and scaling plans.
- Profit sharing of 80% to 90% with weekly payouts.
- Permissive trading: during news, overnight, and weekends.
Cons ❌
Alphachain
- Restrictions on lot size
- Minimum of 30 active trading days required
- Prohibition on news trading and holding positions over weekends
Funding Pips
- No Live Chat Support (only email & Discord)
- Mandatory stop-loss rule (on funded accounts)
Rules 📋
Alphachain
Lot Size Limit, Maximum Loss, Maximum Weekly Loss, Minimum Trading Days, No EAs Allowed, No News Trading, No Weekend Holding, Profit Target, Stop Loss Required
Funding Pips
Maximum Daily Loss, Maximum Loss, No Hedging Allowed, No Martingale Allowed, Profit Target, Stop Loss Required, Third Party Copy Trading Risk, Third Party EA Risk
Alphachain and Funding Pips are two prop firms that offer significant opportunities for traders seeking capital to leverage their strategies. Both firms have their strengths and are competitive in the prop trading space, evidenced by their equally high Trustpilot ratings of 4.7/5. Alphachain's claim to fame is its scalability potential and comprehensive account program options, along with its strong focus on education and mentorship. Funding Pips stands out with its industry-leading low evaluation fees, higher allocation capital, and extremely flexible trading conditions.
Scalability and Funding
Alphachain's scaling potential allows traders to aim for managing up to $1,280,000, which is a significant ceiling for growth within the firm. This is augmented by a variety of account programs and their allowance of overnight holds with 1:100 leverage. Funding Pips, on the other hand, offers an even higher cap with the possibility to manage up to $2,000,000, also with 1:100 leverage. These features allow traders with both firms to work towards managing substantial capital.
Evaluation and Trading Flexibility
With Alphachain, traders face a challenge with 30 active trading days required and restrictions on lot size, which may curb aggressive trading strategies and rapid account scaling. In contrast, Funding Pips offers unparalleled trading flexibility as it imposes no minimum trading days and allows for trading during news events, overnight, and even on weekends. This flexibility aligns well with traders who prefer not to be bound by stringent time or event constraints.
Profit Sharing and Education
Funding Pips again edges out with its profit sharing of 80% to 90% and the added benefit of weekly payouts, which is especially attractive for profitable traders looking for regular income from their trading activities. Simultaneously, Alphachain's commitment to providing educational sessions and mentorship from industry experts could be vital for traders looking to improve their trading skills and knowledge.
Cons and Restrictions
Alphachain's prohibition against news trading and weekend position holding could be seen as a constrictive aspect for traders who specialize in event-driven strategies. On the other side, Funding Pips does not offer live chat support, which may be a downside for traders looking for immediate assistance. Both firms have mandatory rules that could affect trading styles, like the stop-loss requirement, which though common, may be restrictive for certain traders.
Deposit and Withdrawal Methods
The financial transaction aspect is also noteworthy. Alphachain seems to have a more traditional approach with credit/debit card deposit options and bank wire transfers for withdrawals, while Funding Pips incorporates cryptocurrencies and uses Deel, a modern payment platform for withdrawals. These differences might appeal to different trader preferences concerning transaction methods.
Tradeable Instruments and Account Sizes
When it comes to trading options, both Alphachain and Funding Pips offer a diverse range of instruments including commodities, crypto, forex, and indices, though Funding Pips includes metals as well. In terms of account sizes, Alphachain presents predefined account tiers, which may cater to traders who prefer a structured approach. Funding Pips keeps the details more discreet, appealing to those who seek a tailored experience.
Unique Trading Conditions
The specific trading rules set by each firm could be decisive for a trader's choice. While Alphachain limits the use of EAs (Expert Advisors) and third-party copy trading, Funding Pips bars hedging and the martingale strategy. These rules highlight each firm's risk management approach and fit different trader risk profiles and strategies.
Conclusion
In conclusion, both Alphachain and Funding Pips bring strong offerings to the table for prospective traders, with Alphachain leaning towards educational support and structured growth, while Funding Pips emphasizes flexibility and profitability. Choosing between the two will depend largely on the individual trader’s preferences, trading style, and the value they place on support versus independence.
