- Over 4k Trustpilot reviews at 4.9/5 with exceptional 24/7 customer support.
- Trading Psychologist available, scaling plan, and CEO's public visibility.
- Free trial, infinite evaluation retries, and bi-weekly payments at 80%-90% profit.
- Flexible trading: no cap on duration, minimum 4 days, 1:100 leverage, and diverse tools.
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 ❌
FTMO
- Educational videos suit beginners more
- Maximum of 2 accounts at $200,000 each
Funding Pips
- No Live Chat Support (only email & Discord)
- Mandatory stop-loss rule (on funded accounts)
Rules 📋
FTMO
Maximum Daily Loss, Maximum Loss, Minimum Trading Days, No News Trading, Profit Target, Third Party Copy Trading Risk, Third Party EA Risk
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
Both FTMO and Funding Pips stand out as recognized players in the proprietary trading field, offering retail traders an opportunity to trade with significant capital. FTMO boasts widespread acclaim for its comprehensive support system, including access to a trading psychologist and visible leadership, whereas Funding Pips competes with low evaluation fees and the promise of large capital allocation.
FTMO: Well-Established Player with Extensive Support
FTMO, established in 2015, has built a solid reputation in the industry, reflected in its impressive Trustpilot score. A key benefit of FTMO is the availability of 24/7 customer support that is often cited as exceptional. The presence of a trading psychologist and a transparent scaling plan reflects the company's commitment to trader development and risk management. Moreover, FTMO provides flexibility to traders with no cap on the duration of their trades and a minimum trading period of 4 days, which is appealing for various trading strategies.
Funding Pips: Competitive Newcomer with Aggressive Capital Allocation
Despite its recent entrance in 2022, Funding Pips has quickly caught the attention of traders with its industry-leading low evaluation fees and a substantial capital offering of up to $2,000,000. The flexibility of Funding Pips is noteworthy; there is no stipulated minimum trading period. Moreover, their permissive approach to trading, allowing activities during news events, overnight, and on weekends, gives traders the freedom to operate within the rhythm of the markets.
Considerations for Traders
Traders must weigh the pros and cons of each firm. FTMO's educational materials may lean towards beginners, and there is a cap on the number of accounts and their sizes. Conversely, Funding Pips's absence of real-time communication through live chat could be a downside for those desiring immediate support, and their strict stop-loss requirement on funded accounts can be a constraint for certain trading styles.
Trading Terms and Restrictions
Both firms enforce rules to manage risk exposure, including maximum daily and total loss constraints as well as profit targets. FTMO's prohibition on news trading could limit traders who seek to capitalize on volatility sparked by economic announcements. In contrast, Funding Pips disallows specific strategies like hedging and martingale, which can be a dealbreaker for traders who use these methods.
Payment Methods and Accessibility
FTMO provides a variety of deposit and withdrawal methods, including bank wires, credit/debit cards, and cryptocurrencies, offering greater flexibility for international traders. Funding Pips, however, offers a narrower range of options, with Deel as their withdrawal method. This could potentially restrict access for traders who prefer more traditional financial transactions.
Account Offerings and Trading Instruments
The account sizes available with FTMO are diverse, supporting a range of different currencies, which caters to a global clientele. Funding Pips, however, currently offers account sizes only in USD. FTMO provides a wider array of tradeable instruments, including stocks and bonds, whereas Funding Pips is more focused on commodities, crypto, forex, indices, and metals.
Unique Selling Propositions
FTMO's long-standing presence in the market, extensive support options, and flexibility appeal to a broad audience. Their bi-weekly payment schedule ensures that profitable traders access their funds with commendable frequency. Meanwhile, the newer Funding Pips offers exciting prospects with its low barrier to entry regarding evaluation fees and the promise of larger capital allocation.
Conclusion
In deciding between FTMO and Funding Pips, traders should consider personal trading styles, preferred instruments, support needs, and payment preferences. FTMO's established history, trader support, and multiple trading options cater to those who value comprehensive support and flexibility. Funding Pips's offerings are attractive for cost-conscious traders aiming for high capital trading accounts with less traditional constraints. As the prop firm landscape grows increasingly competitive, both FTMO and Funding Pips bring unique advantages to the table.
