Fortunes can be made or lost in the blink of an eye in the world of prop trading!
That’s why traders are constantly on the hunt for a trustworthy prop firm!
And of course, there’s no harm in exploring alternatives to the well-trodden path of Funding Pips!
While this firm has undoubtedly carved out a prominent niche, the market is ripe with a diverse range of options catering to different trading styles and preferences.
Brace yourself, for this article delves into the depths of 9 Funding Pips alternatives!
From instant funding to flexible trading rules, these alternatives aim to provide traders with a seamless and rewarding experience.
Prepare to immerse yourself in the intricacies of each firm!
And ultimately discovering the one that aligns most with your trading aspirations!!!
Top 9 Funding Pips Alternatives
| Prop Firm | Max Account Size | Price | Max Profit Split | Instruments | Platform | Rating |
|---|---|---|---|---|---|---|
| Fund Your Fx | – | $1,262 | 90% | Forex pairs, commodities, indices, and cryptocurrencies | cTrader | 4.4/5.0 |
| The Funded Trader | $600,000 | $1,485 | 95% | Forex pairs, commodities, indices, and cryptocurrencies | MetaTrader4/5 | 3.9/5.0 |
| City Traders Imperium | $100,000 | $519 | 100% | Forex pairs, indices, metals, and commodities, | MetaTrader5 | 4.6/5.0 |
| Funded Next | $200,000 | $999 | 95% | Forex pairs, commodities, indices, and cryptocurrencies | MetaTrader4/5 | 4.8/5.0 |
| FTUK | $90,000 | $1,200 | 80% | Forex pairs, indices, metals, commodities, and cryptocurrencies | MetaTrader 4/5, TradingView | 4.1/5.0 |
| Lux Trading Firm | $1,000,000 | £1,499 | 75% | Forex pairs, commodities, and indices | MetaTrader 4/5, TradingView | 4.3/5.0 |
| Funded Trading Plus | $200,000 | $949 | 90%-100% | Forex pairs, commodities, indices, and cryptocurrencies | MetaTrader 4/5, TradingView | 4.8/5.0 |
| FTMO | $200,000 | €1,080 | 80% | Forex, commodities, indices, stocks, and cryptocurrencies | MetaTrader4/5, DXTrade | 4.8/5.0 |
| Leveled up society | $200,000 | $989 | 80% | Forex, real estate, stocks, and cryptocurrencies | MetaTrader4/5 | 3.4/5.0 |
Starting Off with Funding Pips | Why Look for Alternatives
Funding Pips is a prop trading firm that provides an opportunity for skilled traders to trade with the firm's capital. The company was created by traders for traders, with the goal of helping overcome the funding challenges many traders face.
Funding Pips has a unique two-phase evaluation process that traders must pass to get funded. In the “Student” phase, traders prove their skills, and if successful, they move to the “Practitioner” phase with higher requirements.
Those who complete both phases can then trade with Funding Pips' capital, keeping up to 90% of the profits.
The firm offers accounts ranging from $10,000 to $100,000 in size across various markets like forex, crypto, indices, metals, and energies. Traders have flexibility in their strategies, with no restrictions on using EAs, news trading, or holding trades over weekends.
With a competitive profit split and no profit targets, Funding Pips aims to provide an appealing prop firm opportunity.
If Funding Pips is great and all, then why should you look for alternatives in the first place?!
Well… One uses every trick in the bowl to be successful, correct?!
While Funding Pips aims to provide an appealing prop firm opportunity, some traders may find alternatives that better align with their specific needs and preferences!
1. Fund Your Fx
Fund Your Fx is a proprietary trading firm founded in 2021 by traders for traders, offering an alternative to Funding Pips. Led by CEO Murtuza Kazmi, Fund Your Fx aims to provide financial inclusion for everyone by allowing access to funds for trading and investing in financial markets. Unlike Funding Pips, Fund Your Fx does not require traders to pass a challenging evaluation process. Instead, it offers instant funding with a refundable fee, allowing traders to start trading with real capital from day one.
Key Features
- Fund Your Fx provides immediate access to funded accounts, eliminating the need for lengthy evaluation periods or challenges. Traders can start trading with real capital right away, without any delays.
- The firm charges a one-time, refundable fee for its funded accounts. If traders consistently achieve a 10% profit target, the fee is refunded, making it a bonus for successful traders.
- Fund Your Fx allows traders to use their own strategies, including expert advisors, indicators, and news trading. Overnight and weekend positions are permitted, providing traders with maximum flexibility.
- Fund Your Fx offers a competitive profit-sharing model, with traders earning up to 90% of their profits. The profit share increases as the account scales, incentivizing consistent profitability.
Origin Funded
| Plan | Pricing |
|---|---|
| Starter | $200 |
| Standard | $300 |
| Professional | $558 |
Evolution Funded
| Plan | Pricing |
|---|---|
| Starter | $200 |
| Standard | $300 |
| Advanced | $558 |
| Professional | $1,262 |
2. The Funded Trader Program
The Funded Trader Program, founded in 2021 and led by CEO Angelo Ciaramello, has emerged as a compelling alternative to Funding Pips in the proprietary trading industry. Based in Liberty Hill, Texas, The Funded Trader Program offers traders the opportunity to trade with substantial capital, ranging from $5,000 to $600,000, without risking their own funds. Through a rigorous evaluation process, traders can showcase their skills and potentially secure a funded account, sharing up to 90% of the profits with the firm.
Key Features
- The Funded Trader Program allows traders to trade a wide range of instruments, including forex, commodities, indices, and cryptocurrencies, catering to various trading preferences and strategies.
- Traders can choose from different performance challenges, each with its own set of rules, profit targets, and risk management guidelines, accommodating diverse trading styles and experience levels.
- The program provides traders with access to tutorials, webinars, and other educational materials, helping them enhance their trading knowledge and skills throughout their journey.
- Successful traders have the opportunity to scale their accounts, potentially reaching up to $1.5 million in capital, allowing them to grow their trading operations and maximize their earning potential.
Standard Challenge
| Account Sizes | Pricing |
|---|---|
| $5,000 | $65 |
| $10,000 | $129 |
| $25,000 | $199 |
| $50,000 | $299 |
| $100,000 | $499 |
| $200,000 | $939 |
| $300,000 | $1,469 |
| $400,000 | $1,879 |
Rapid Challenge
| Account Sizes | Pricing |
|---|---|
| $5,000 | $79 |
| $10,000 | $129 |
| $25,000 | $229 |
| $50,000 | $299 |
| $100,000 | $499 |
| $200,000 | $899 |
Royal Challenge
| Account Sizes | Pricing |
|---|---|
| $50,000 | $289 |
| $100,000 | $489 |
| $200,000 | $939 |
| $300,000 | $1,399 |
| $400,000 | $1,869 |
Knight Challenge
| Account Sizes | Pricing |
|---|---|
| $5,000 | $59 |
| $10,000 | $99 |
| $25,000 | $189 |
| $50,000 | $289 |
| $100,000 | $489 |
| $200,000 | $939 |
Dragon Challenge
| Account Sizes | Pricing |
|---|---|
| $5,000 | $49 |
| $10,000 | $99 |
| $25,000 | $135 |
| $50,000 | $205 |
| $100,000 | $355 |
| $200,000 | $495 |
| $300,000 | $629 |
| $600,000 | $1,485 |
3. City Traders Imperium
City Traders Imperium, founded in 2018 by Daniel Martin and Martin Najat, is a leading proprietary trading firm based in London. It offers an attractive alternative to Funding Pips, providing traders with a comprehensive platform for funded trading opportunities. With a focus on transparency, flexibility, and trader success, City Traders Imperium has carved a niche for itself in the industry.
Key Features
- City Traders Imperium offers a range of funding programs, including the 2-Step, 1-Step, and No-Step options, catering to traders with varying risk tolerances and trading styles.
- One of the standout features of City Traders Imperium is its attractive profit-sharing model, with splits ranging from 50% to an impressive 100%, depending on the program and account size.
- City Traders Imperium recognizes the importance of continuous learning and provides its traders with a wealth of educational resources, including courses, webinars, and mentorship programs.
- City Traders Imperium fosters a vibrant trading community where traders can connect, exchange ideas, and learn from one another.
2 Step Program
| Account Sizes | Pricing |
|---|---|
| $2,500 | $39 |
| $5,000 | $59 |
| $10,000 | $99 |
| $25,000 | $179 |
| $50,000 | $329 |
| $100,000 | $519 |
1 Step Program
| Account Sizes | Pricing |
|---|---|
| $4,000 | $59 |
| $10,000 | $149 |
| $20,000 | $299 |
| $40,000 | $499 |
| $60,000 | $749 |
| $80,000 | $999 |
No Evaluation Program
| Account Sizes | Pricing |
|---|---|
| $10,000 | $599 |
| $20,000 | $1,199 |
| $40,000 | $2,399 |
| $60,000 | $3,599 |
| $80,000 | $4,799 |
4. FundedNext
FundedNext, founded in March 2022 by Abdullah Jayed, is a rapidly emerging proprietary trading firm that offers an attractive alternative to Funding Pips. Headquartered in the UAE with additional offices worldwide, FundedNext empowers traders with substantial capital, reaching up to $4 million for skilled individuals. With its flexible funding models, competitive trading conditions, and generous profit splits of up to 90%, FundedNext has quickly gained recognition as a formidable player in the prop trading arena.
Key Features
- FundedNext provides traders with an initial account balance ranging from $6,000 to $200,000, offering ample opportunities for growth and success.
- The firm's profit split starts at an impressive 60% and can scale up to a remarkable 90%, ensuring traders retain a significant portion of their earnings.
- FundedNext offers multiple payout options, including bank transfers, cryptocurrencies, and e-wallets, catering to the diverse preferences of its global clientele.
- With its commitment to offering low trading costs, FundedNext ensures traders can maximize their profits by minimizing expenses.
2-Step Stellar Challenge
| Account Sizes | Pricing (Swap) | Pricing (Swap-Free) |
|---|---|---|
| $6,000 | $59 | $65 |
| $15,000 | $119 | $131 |
| $25,000 | $199 | $219 |
| $50,000 | $299 | $329 |
| $100,000 | $519 | $571 |
| $200,000 | $999 | $1,099 |
1-Step Stellar Challenge
| Account Sizes | Pricing (Swap) | Pricing (Swap-Free) |
|---|---|---|
| $6,000 | $59 | $65 |
| $15,000 | $119 | $131 |
| $25,000 | $199 | $219 |
| $50,000 | $299 | $329 |
| $100,000 | $519 | $571 |
| $200,000 | $999 | $1,099 |
Evaluation Model
| Account Sizes | Pricing (Swap) | Pricing (Swap-Free) |
|---|---|---|
| $6,000 | $49 | $54 |
| $15,000 | $99 | $109 |
| $25,000 | $199 | $219 |
| $50,000 | $299 | $329 |
| $100,000 | $549 | $604 |
| $200,000 | $999 | $1,099 |
Express Model
| Account Sizes | Pricing (Swap) | Pricing (Swap-Free) |
|---|---|---|
| $6,000 | $49 | $54 |
| $15,000 | $99 | $109 |
| $25,000 | $199 | $219 |
| $50,000 | $299 | $329 |
| $100,000 | $549 | $604 |
| $200,000 | $999 | $1,099 |
Non-Consistency Express Model
| Account Sizes | Pricing (Swap) | Pricing (Swap-Free) |
|---|---|---|
| $6,000 | $59 | $65 |
| $15,000 | $119 | $131 |
| $25,000 | $229 | $252 |
| $50,000 | $379 | $417 |
| $100,000 | $699 | $769 |
5. FTUK
FTUK is a leading proprietary trading firm founded in 2021 and headquartered in London, UK. Led by CEO Haseem Gafer, FTUK offers an attractive alternative to Funding Pips for traders seeking funded accounts. With a focus on transparency and trader success, FTUK provides both instant funding and a one-step evaluation program, catering to traders of varying experience levels. The firm's commitment to trader support, including mentorship and training resources, sets it apart from competitors.
Key Features
- FTUK offers instant funding for traders seeking immediate access to live capital, as well as a streamlined one-step evaluation program for those preferring a challenge-based approach.
- FTUK rewards successful traders with up to an 80% profit split, ensuring they retain a significant portion of their earnings.
- Traders can access a wide range of financial instruments, including forex pairs, cryptocurrencies, indices, commodities, and metals, enabling diversification and catering to various trading strategies.
- FTUK provides dedicated mentorship, training resources, and prompt customer support, empowering traders with the tools and guidance necessary for success in the dynamic trading environment.
Evaluation Program
| Account Sizes | Pricing |
|---|---|
| $14,000 | $149 |
| $40,000 | $349 |
| $60,000 | $449 |
| $90,000 | $599 |
Instant Funding
| Account Sizes | Pricing |
|---|---|
| $14,000 | $200 |
| $40,000 | $550 |
| $60,000 | $750 |
| $90,000 | $1200 |
6. Lux Trading Firm
Lux Trading Firm, founded in 2020 by Oliver Olejár, is a reputable prop trading firm based in London, UK. It offers a compelling alternative to Funding Pips for traders seeking funded accounts and comprehensive support. Lux Trading Firm stands out with its robust evaluation process, diverse range of tradable instruments, and the potential to access up to $10 million in trading capital. The firm's commitment to trader education and mentorship, coupled with its Elite Program, provides a unique opportunity for traders of all levels to excel in the competitive world of trading.
Key Features
- Lux Trading Firm offers a two-stage evaluation process, allowing traders to prove their skills and risk management abilities before gaining access to funded accounts ranging from $50,000 to $200,000.
- Traders can trade a wide array of instruments, including forex, indices, commodities, metals, stocks, and cryptocurrencies, providing diversification opportunities and catering to various trading strategies.
- The firm's Elite Program provides unparalleled support, including daily market analysis, live trading rooms, mentorship from experienced traders, access to professional analytics software, and a dedicated risk desk.
- Lux Trading Firm offers the potential to scale up trading capital to an impressive $10 million, rewarding consistent and profitable traders with increased opportunities for growth and success.
Two-Step Evaluation Challenge
| Account Sizes | Pricing |
|---|---|
| $50,000 | £299 |
| $200,000 | £599 |
One-Step Evaluation Challenge
| Account Sizes | Pricing |
|---|---|
| $1,000,000 | £1,499 |
7. Funded Trading Plus
Funded Trading Plus is a proprietary trading firm founded in 2021 and based in London, UK. Led by CEO Simon Massey, it offers an innovative alternative to traditional prop firms like Funding Pips. Funded Trading Plus provides traders with a simulated live environment, emphasizing the importance of research in trading strategies. Through their evaluation programs and comprehensive rules, they encourage participants to hone their skills, engage in simulated trading, and earn performance-based commissions.
Key Features
- Funded Trading Plus offers four distinct programs – Experienced Trader (single-phase), Advanced Trader (two-phase), Premium Trader, and Master Trader (direct funding). This caters to traders with varying skill levels and preferences.
- Traders can earn up to 90% of their profits, with the potential to scale their accounts up to $2.5 million. This incentivizes consistent performance and aligns the firm's interests with those of its traders.
- Traders can access a wide range of assets, including forex, indices, metals, commodities, and cryptocurrencies, enabling diversification and tailored trading strategies.
- Funded Trading Plus provides 24/7 customer support, a dedicated trade room, and educational resources to assist traders in their journey, fostering a supportive and inclusive trading community.
Experienced Trader Program
| Account Sizes | Pricing |
|---|---|
| $12,500 | $119 |
| $25,000 | $199 |
| $50,000 | $349 |
| $100,000 | $499 |
| $200,000 | $949 |
Advanced Trader Program
| Account Sizes | Pricing |
|---|---|
| $25,000 | $199 |
| $50,000 | $349 |
| $100,000 | $499 |
| $200,000 | $949 |
Premium Trader Program
| Account Sizes | Pricing |
|---|---|
| $25,000 | $247 |
| $50,000 | $397 |
| $100,000 | $547 |
| $200,000 | $1,097 |
Master Trader Program
| Account Sizes | Pricing |
|---|---|
| $5,000 | $225 |
| $10,000 | $450 |
| $25,000 | $1,125 |
| $50,000 | $2,250 |
| $100,000 | $4,500 |
8. FTMO
FTMO, founded in 2015 by Otakar Šuffner and Marek Vašíček, is a well-established proprietary trading firm based in Prague, Czech Republic. As an alternative to Funding Pips, FTMO offers a comprehensive platform for aspiring traders to showcase their skills and earn substantial profits through a rigorous evaluation process. With a strong reputation and a global presence, FTMO provides traders with access to significant capital, advanced trading tools, and comprehensive educational resources, making it an attractive choice for those seeking a reputable prop firm.
Key Features
- FTMO is widely recognized and trusted in the trading community, boasting a proven track record of success and a commitment to professionalism and transparency.
- FTMO's two-step evaluation process, consisting of the FTMO Challenge and Verification stages, ensures that only skilled and disciplined traders qualify for funded accounts.
- Successful traders can earn up to 90% of their profits, providing a lucrative incentive for consistent performance and adherence to FTMO's rules and guidelines.
- FTMO offers a suite of cutting-edge trading tools, educational resources, and dedicated support to help traders enhance their skills and maximize their potential.
Evaluation Program
| Account Sizes | Pricing |
|---|---|
| $10,000 | €155 |
| $25,000 | €250 |
| $50,000 | €345 |
| $100,000 | €540 |
| $200,000 | €1,080 |
9. Leveled Up Society
Leveled Up Society, founded in 2022 by Raul Gonzalez, is a rapidly growing proprietary trading firm that has emerged as a compelling alternative to Funding Pips. This Florida-based company offers traders a unique opportunity to showcase their skills through remote evaluation programs, with the potential to secure up to $1 million in funding. Leveled Up Society distinguishes itself by providing a structured yet flexible trading environment, catering to a diverse range of trading styles and strategies.
Key Features
- Traders can choose between a one-step or two-step evaluation process, allowing them to progress at their own pace while adhering to realistic profit targets and risk management guidelines.
- Leveled Up Society grants access to a wide array of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies.
- Successful traders can enjoy an attractive 80% profit split, incentivizing their performance and providing a lucrative opportunity for financial growth.
- The firm offers continuous educational resources, including YouTube videos, blog posts, and a vibrant community on platforms like Instagram and Discord.
Fast-Track
| Account Sizes | Pricing |
|---|---|
| $10,000 | $139 |
| $25,000 | $249 |
| $50,000 | $349 |
| $100,000 | $549 |
| $150,000 | $749 |
| $200,000 | $989 |
Day Trading
| Account Sizes | Pricing |
|---|---|
| $10,000 | $139 |
| $25,000 | $249 |
| $50,000 | $349 |
| $100,000 | $549 |
| $150,000 | $749 |
| $200,000 | $989 |
Swing Trading
| Account Sizes | Pricing |
|---|---|
| $10,000 | $149 |
| $25,000 | $269 |
| $50,000 | $379 |
| $100,000 | $599 |
| $150,000 | $819 |
| $200,000 | $1079 |
Comparison of Funding Pips with its Competitors
| Aspect | Funding Pips | Competitors |
|---|---|---|
| Fees | Offers affordable evaluation program fees starting at $32 for a $5,000 account | Some competitors may have higher evaluation fees |
| Flexibility | Allows flexible trading styles like using EAs, holding trades over weekends/news, and high-leverage | Other firms may have more restrictive trading rules |
| Monthly Profit Targets | No monthly profit targets once funded | Varies, some competitors enforce monthly targets |
| Customer Support | Detailed FAQ section, email/chat support | Support quality varies across competitors |
| Educational Content | Limited educational resources provided | Some competitors provide more training content |
| Profit Split | Up to 90% profit split for funded traders | Typical profit splits range from 70-90%, even 100% for some prop firm |
| Account Sizes | Offers $5K, $10K, $25K, $50K, $100K account sizes | Account size options vary by competitor, it can go up to huge numbers |
FAQs Related to Funding Pips Alternatives
What are the potential drawbacks of Funding Pips compared to larger prop firms?
Funding Pips may offer less overall trading capital compared to larger firms. It could have fewer educational resources or advanced trading tools. Being a newer firm, it may have a less proven track record.
What is the recommended approach to becoming funded by a prop firm?
The recommended approach involves thoroughly researching and identifying the prop firm that aligns best with your trading style, goals, and preferences. Leverage the resources and communities surrounding these firms to gain insights and make an informed decision.
What are the key pros of using prop firms?
The main pros include the opportunity to trade larger sums of capital, staged increases in trading capital based on performance, access to the firm's resources (education, webinars, analysis, and mentoring), not being responsible for losses incurred, accelerated income potential, and the ability to trade across multiple prop firms.
What are the potential cons of using prop firms?
Potential cons include the challenge fee (which may or may not be refundable), profit split ratio favoring the firm, drawdown rules or trading objectives set by the firm, uncertainty about the firm's longevity, lack of history of profit shares being paid, and negative comments about a particular firm.
Is Funding Pips a credible company?
Yes, Funding Pips is based in Dubai, which is the capital of the Emirate of Dubai and part of the United Arab Emirates. It claims to be a credible company.
What markets and instruments can be traded at prop firms?
The markets and instruments available can differ across firms, but common offerings include forex, stocks, futures, cryptocurrencies, and sometimes options. Many firms focus primarily on the forex markets.
Conclusion
The world of prop trading firms offers a wealth of opportunities for traders seeking to elevate their careers and access substantial funding.
While Funding Pips has faced challenges, the alternatives presented here, such as Fund Your Fx, City Traders Imperium, and The Funded Trader, provide compelling options to consider.
Each firm offers unique advantages, from flexible evaluation processes to diverse asset offerings and competitive profit splits.
The key is to thoroughly research and identify the prop firm that aligns best with your trading style, goals, and preferences.
Don't hesitate to utilize the resources and communities surrounding these firms to gain insights and make an informed decision.
Ultimately, the right prop firm can be a game-changer, propelling your trading journey to new heights and unlocking your true potential.
So, take the leap and explore these alternatives today – your path to becoming a funded trader awaits !!!
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