- Instant funding with a single-phase evaluation and 4.6/5 Trustpilot rating.
- Supportive team allowing weekend/overnight positions and news trading.
- Zero commission on various assets, no swap charges, and swift payouts.
- 80% profit share, 1:100 leverage, and manage up to 3x $5,760,000.
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 ❌
FTUK
- Starting leverage of 1:10
- 2% Max stop loss risk limit
- Lot size consistency rule
Funding Pips
- No Live Chat Support (only email & Discord)
- Mandatory stop-loss rule (on funded accounts)
Rules 📋
FTUK
Lot Size Consistency, Maximum Loss, No Martingale Allowed, Profit Target, Stop Loss Required, Stop Loss Risk Per Position, Third Party Copy Trading 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
When exploring the arena of proprietary trading firms, retail traders have a plethora of options. Two noteworthy names that have emerged in the field are FTUK and Funding Pips, each presenting a unique set of benefits and constraints. This detailed review aims to dissect these offerings to assist potential users in making informed decisions.
Access to Capital and Leverage
FTUK boasts instant funding with a straightforward one-phase evaluation process, while Funding Pips competes with industry-low evaluation fees. Both firms provide traders with substantial leverage of 1:100. FTUK allows traders to manage up to three accounts with a considerable sum of $5,760,000 each, demonstrating a high cap for trading potential. Meanwhile, Funding Pips offers the opportunity to trade with capital up to $2,000,000.
Profit Sharing and Fees
In the domain of compensation, both FTUK and Funding Pips stand out with an 80% profit share, with the latter even offering the potential to climb to 90%. However, FTUK takes an edge with a zero commission structure on selected assets and no swap charges, which is appealing for cost-sensitive traders.
Trading Conditions and Support
Both firms are permissive with their trading conditions, allowing positions during news events, overnight, and on weekends, catering to aggressive trading strategies. FTUK's supportive teamwork might edge out due to the absence of live chat support on Funding Pips, relying only on email and Discord, which could be a concern for traders who prefer instantaneous communication.
Flexibility and Rules
Funding Pips shines with its flexibility, offering an unlimited trading period, no minimum trading days, and a scaling plan that can attract traders who dislike rigid structures. In contrast, FTUK restricts traders with a maximum stop loss risk limit and imposes a lot size consistency rule, potentially curtailing those who favor a more adaptable approach.
Platform and Instrument Accessibility
In terms of market access, both firms span an array of tradeable instruments, with FTUK covering Commodities, Forex, Indices, and Metals, and Funding Pips extending this array to include Cryptocurrencies, which might be a decisive factor for crypto enthusiasts.
Transactional Facilities
Payment transaction methods are a crucial aspect for users seeking convenience. Both firms support crypto and credit/debit card deposits. Withdrawals at FTUK can be done through Bank Wire Transfer, Crypto, or Deel, offering more diversity and potentially faster access to funds compared to Funding Pips, which currently only supports withdrawals via Deel.
Account Options and Currency Flexibility
FTUK caters to an international base with multiple account currencies including EUR, GBP, and USD and various account sizes ranging from $14,000 to $90,000. Funding Pips maintains its accounts strictly in USD, which might simplify matters for some traders but reduce flexibility for others, especially those who interact with different base currencies.
Overall Trust and User Sentiment
Both FTUK and Funding Pips have garnered high Trustpilot ratings, which speak to their credibility and user satisfaction. With FTUK standing since December 2021 and Funding Pips since August 2022, their respective establishment periods illustrate that even newer players in the market can quickly earn the trust of traders.
Conclusion: Choosing the Right Prop Firm
Ultimately, selecting between FTUK and Funding Pips will boil down to individual trading strategies, preferences, and priorities. FTUK may appeal to traders valuing instant funding and a high degree of support. Conversely, Funding Pips could attract those looking for lower evaluation fees, high flexibility, and weekly payouts. Acknowledging these nuanced differences will be the key for retail traders to align with a prop firm that resonates with their trading ethos.
