Funded Trading Plus vs Funding Pips

Funded Trading Plus Overview

Funded Trading Plus stands out as a prop trading firm that offers ambitious traders a significant capital base of up to $2,500,000 with a range of funding programs tailored to different strategies and comfort levels. Its standout features include an industry-high 90% profit split, which is quite generous, and they showcase an impressive 4.9/5 Trustpilot score, emphasizing their credibility and excellent user satisfaction. The firm is notable for its all-inclusive trading tools that cover a wide array of markets such as forex, commodities, indices, and cryptocurrencies. Moreover, traders have the freedom to trade without day restrictions, hold positions overnight, and trade during news events, offering a high degree of flexibility to execute their strategies. Enhanced by sterling customer support and opportunities for scaling, Funded Trading Plus seems to be aligned with the needs of serious traders aiming for growth. However, the firm does impose a set of rules including a maximum daily loss and trailing drawdown, as well as profit target stipulations. These risk management policies, alongside restrictions on third-party copy trading and expert advisor use, are measures that ensure sustainability but might restrain traders who rely on these methods.

Funding Pips Snapshot

Funding Pips enters the arena with competitive evaluation fees and a solid Trustpilot rating of 4.7/5, reflecting high trader satisfaction and reliability. The firm promises access to capital up to $2,000,000 with a notable 1:100 leverage, catering to traders with an appetite for sizable positions. Traders can celebrate the flexibility offered; there is no constraint on the trading period, no requirement for a minimum number of trading days, and an impressive scaling plan to boost one's trading career. Additionally, Funding Pips promotes a progressive profit-sharing model, offering between 80% and 90% payouts—which are processed weekly—creating an attractive proposition for profit-oriented traders. However, Funding Pips has room to enhance its trader support features, as the absence of live chat support might limit the immediacy of assistance. Moreover, strict risk management rules like the mandatory stop-loss on funded accounts, while prudent, could be a hindrance for some trading styles.

Distinctive Offerings and Pitfalls

Both firms hold up as significant contenders in the prop trading arena. Funded Trading Plus seems well-established with a variety of account sizes, a versatile range of tradeable instruments, and accommodating trading conditions. On the downside, its rules might be seen as too prescriptive for traders preferring more autonomy. Conversely, Funding Pips offers notable low entry barriers in terms of evaluation fees and appears to be a lucrative choice for traders seeking a more relaxed trading environment without minimum trading days. However, the absence of real-time communication channels could be a potential deal-breaker for traders who value high-touch customer service.

Logistical Considerations

It's commendable that both firms exhibit synchronicity in deposit and withdrawal methods, embracing both cryptocurrency options and traditional credit/debit cards, reflecting their modern approach to finance. Withdrawals through Deel from both firms reinforce the notion of global accessibility.

Final Thoughts

For retail traders parsing through the details of prop trading firms, it boils down to individual preferences, risk tolerance, and trading style. Funded Trading Plus might be the go-to for traders looking for larger account options and a slightly better profit share, factoring in the importance of trading support. In contrast, Funding Pips appeals to those prioritizing lower entry barriers and the flexibility of trading conditions, though the support aspect could use a boost. Both firms require adherence to a set of rules to maintain the integrity of the accounts, so traders should carefully consider these constraints before opting in. Ultimately, Funded Trading Plus and Funding Pips present compelling arguments to be among the chosen firms for traders looking to scale their operations within a structured, yet substantial, trading space.