- 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.
TradingFunds
- Impressive Trustpilot rating of 4.3/5.
- Single-step evaluation with 1:10 to 1:100 leverage.
- Profit sharing of 80% to 90%.
- Flexible trading: overnight, weekends, and during news events.
- Unrestricted trading strategy.
Cons ❌
Funding Pips
- No Live Chat Support (only email & Discord)
- Mandatory stop-loss rule (on funded accounts)
TradingFunds
- Elevated evaluation account fees
- Trailing Drawdown
- Starting leverage at a low of 1:10
- 2% Maximum stop-loss for each instrument
Rules 📋
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
TradingFunds
Maximum Trailing Drawdown, Profit Target, Stop Loss Required, Third Party Copy Trading Risk, Third Party EA Risk
In the competitive world of proprietary trading, retail traders are always on the lookout for firms that not only provide capital but create an environment conducive to trading growth. Funding Pips and TradingFunds emerge as two prominent options in this arena, each with its distinct offerings and constraints.
Accessibility and Costs
When it comes to accessibility, Funding Pips takes a lead with its industry-low evaluation fees. This is particularly attractive for traders who are conscious of upfront costs and are exploring opportunities to showcase their trading skills without heavy financial commitments. Their 4.7/5 Trustpilot rating underscores a strong customer satisfaction level, which resonates with trust and reliability. On the other hand, TradingFunds, though it has a solid 4.3/5 Trustpilot rating, presents elevated evaluation account fees, which might deter traders who are price sensitive.
Capital Allocation and Leverage
Both firms are generous in capital allocation and offer attractive leverage. The key point of distinction is that while Funding Pips goes as high as a stunning $2,000,000 with 1:100 leverage, TradingFunds starts leverage at a conservative 1:10. This wide range speaks to a diversity in policy that would fit different trading styles and risk appetites. High leverage at Funding Pips might be appealing to aggressive traders, while the lower tiers available at TradingFunds would cater to the risk-averse.
Profit Sharing and Payouts
Traders will find the profit-sharing ratio appealing in both cases, with both firms offering a 80% to 90% cut of the profits. What differentiates Funding Pips further is their commitment to weekly payouts, affording traders more immediate access to their earnings, thereby enhancing cash flow management.
Trading Flexibility and Brokerage Rules
For those looking to trade during off-market hours or around crucial news events, both Funding Pips and TradingFunds allow trading during news, overnight, and on weekends. However, when it comes to the rules, Funding Pips imposes a no hedging and no Martingale rule, which may perturb traders who rely on these strategies. Conversely, TradingFunds posits no such limitation, offering complete freedom in strategy employment, which many traders might find liberating.
Support Structure and Trading Regimen
One might argue that Funding Pips falls short with its lack of live chat support, relying only on email and Discord. In a world where quick resolution of issues is crucial to trading success, this might be seen as a significant drawback. In contrast, restrictions like a mandatory stop-loss and max daily loss at Funding Pips, and a trailing drawdown at TradingFunds, are risk management policies that some may find constrictive, though they undoubtedly serve to preserve capital.
Banking Options
On the financial logistics front, both firms deal in USD and offer crypto and credit/debit card options for deposits. However, TradingFunds edges out with the addition of PayPal—a widely used and favored payment method. Withdrawal methods are more varied with TradingFunds as well, including crypto, Deel, and PayPal, as opposed to Funding Pips' singular Deel option.
Trading Instruments and Account Flexibility
Both firms offer a similar range when it comes to tradeable instruments, catering to diverse portfolio strategies. However, when selecting account sizes, Funding Pips provides more granularity, which can cater to the specific needs and growth plans of individual traders.
Conclusions
Both Funding Pips and TradingFunds hold their unique waypoints in the competitive landscape of proprietary trading firms. Funding Pips might appeal to the cost-conscious, high-volume trader seeking rapid scaling and frequent payouts. In contrast, TradingFunds is perhaps more suited for those who favor flexibility in strategy and those who prioritize a wider array of financial transaction methods.
For potential users, your choice may well depend on your trading style, your financial outlook, and ultimately, how much you value certain flexibilities over others. Regardless, both firms have established themselves as significant players in the industry and warrant consideration on your trading journey.
