Choosing between proprietary trading firms requires careful consideration. This Forex prop firm comparison focuses on FundedNext Vs FundingPips, two notable names in the industry.
Our FundedNext review and analysis of FundingPips will examine key differences, including FundingPips challenge rules, profit targets, and maximum loss limits.
We will also contrast their prop trading payouts schedules and other vital aspects. This trading firm evaluation aims to provide clarity for traders exploring funding opportunities.
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FundedNext vs FundingPips
| Feature | FundedNext | FundingPips |
|---|---|---|
| Launch Date | March 2022 | August 2022 |
| CEO | Abdullah Jayed | Khaled Ayesh |
| Headquarters | United Arab Emirates | Dubai, UAE |
| Scaling Plan | Yes | Yes |
| Operational Base | United Arab Emirates | United Arab Emirates |
Funding Programs Between Funding Pips and FundedNext
When evaluating FundingPips vs FundedNext funding models, both firms primarily utilize trading evaluations or proprietary firm challenges as gateways to accessing capital.
As an experienced observer in the prop firm space, it's clear these challenges test a trader's ability to meet profit targets while adhering to drawdown rules.
FundedNext structures its offerings around evaluation pathways, such as its Express and Stellar models, which include both one-step and two-step challenge formats. These programs require traders to prove their skills through these phased assessments before managing firm capital; FundedNext does not provide instant funding programs.
FundingPips also employs one-step and two-step trading evaluations, similar to FundedNext, featuring specific profit objectives and loss limits across different phases.
However, a significant point of difference is FundingPips' inclusion of an instant funding option, explicitly named the “Instant (Zero)” program. This allows certain traders to bypass the typical multi-stage evaluation process, offering a quicker route to a funded account, albeit with its own set of rules like maximum floating risk and specific loss limits.
Therefore, FundingPips presents a broader array of access methods compared to FundedNext's evaluation-centric approach.
Platforms, Payments, and Payouts | A Comparative Look
| Feature | FundedNext | FundingPips |
|---|---|---|
| Platforms | – cTrader- MT4- MT5- Match Trader | – cTrader- MT5- Match Trader |
| Payment Methods | – Crypto- Credit/Debit Card- Apple Pay- Astropay- PayPal- Google Pay- Perfect Money | – Skrill- Paysafe Card- Neteller- Crypto- Credit/Debit Card- Astropay- PayPal- Google Pay |
| Payout Methods | – Riseworks- Perfect Money- Crypto | – Riseworks- Crypto |
Examining the operational infrastructure, both FundedNext vs FundingPips offer traders access to the cTrader, MT5, and Match Trader platforms according to the provided data. A key difference lies in FundedNext's inclusion of the legacy MT4 platform, which is absent from FundingPips' listed options.
Turning to account funding methods, several options overlap: both firms accept cryptocurrencies, credit/debit cards, Astropay, PayPal, and Google Pay.
FundedNext distinguishes itself by also supporting Apple Pay and Perfect Money. FundingPips, on the other hand, uniquely lists Skrill, Paysafecard, and Neteller as available payment methods, in addition to the shared ones.
Regarding profit withdrawals, the comparison indicates common ground with both firms utilizing Riseworks and cryptocurrency for payouts. FundedNext's provided options also include Perfect Money, adding an alternative not listed for FundingPips in this specific dataset.
Challenge Rules & Firm Policies Comparison
Navigating the specific regulations of proprietary trading firms is crucial. Here's a look at how FundedNext vs FundingPips approach key rules governing trader activity.
Copy Trading
The firms diverge significantly here. FundedNext permits copy trading, but only between a trader's own FundedNext challenge accounts (up to $300k total capital) using VPS-based copiers.
Copying between FundedNext accounts and any external accounts (personal or other prop firms) or using cloud-based services is strictly forbidden, and copy trading is not allowed at all during the funded account stage.
FundingPips adopts a stricter stance, prohibiting copy trading across all its programs.
Minimum Trading Days
FundedNext sets minimum trading day requirements for its challenges (5 days for Stellar Lite/2-Step, 2 days for Stellar 1-Step) but removes this requirement once a trader reaches the funded account stage for these programs.
FundingPips generally requires 3 minimum trading days for its evaluation programs. However, its “FundingPips Zero” program mandates 7 minimum trading days, with activity stipulations (at least 0.25% profit/loss per day).
Expert Advisors (EAs)
FundedNext allows the use of EAs on MT4 and MT5, provided they are customized to the trader's style and do not replicate identical trades across different accounts. Switching between EA use and manual trading within the same account journey (challenge to funded) is not permitted.
FundingPips permits risk management or trade management EAs across its models but explicitly forbids the use of third-party EAs intended for trade execution.
Consistency Rule
FundedNext explicitly states it does not enforce a consistency rule across its programs regarding profit distribution over time.
FundingPips, however, implements a form of consistency requirement specifically for its “FundingPips Zero” Master account rewards, mandating that the largest winning day must constitute 15% or less of the total profits.
FundedNext focuses more on maintaining a consistent trading style between the challenge and funded phases, prohibiting major shifts in strategy, asset classes, or risk levels post-evaluation.
News Trading
FundedNext permits news trading on Stellar & Stellar Lite accounts but applies a penalty: profits from trades executed within 5 minutes before or after high-impact news are subject to a reduced 40% profit split.
FundingPips allows news trading during its evaluation phases (1-Step, 2-Steps, 2-Steps Pro). However, on funded accounts, traders are prohibited from opening or holding positions within 5 minutes before and after a high-impact news event, although trades opened more than 5 hours prior are exempt and profits are counted.
Inactivity Rules
To maintain account status, FundedNext requires a login or a trade at least once every 35 days. FundingPips specifies that its “FundingPips Zero” account will be suspended if inactive for 30 days.
Unique Account Rules and Restrictions
Beyond the common rule categories, both firms implement specific regulations impacting account management and trading conduct:
FundedNext enforces several critical conditions: traders must maintain the same strategy and method (manual or EA) used during the challenge phase when trading the funded account. Significant changes to risk appetite or asset classes post-challenge are prohibited.
The firm may impose a 1% risk cap per trade if a trader is flagged for risky behavior. They also require the use of a single device/IP address and strictly forbid “account rolling” – the practice of using multiple evaluation accounts with the intent of sacrificing some to pass others.
FundingPips applies distinct rules primarily to its Master (funded) accounts. These include a maximum loss cap of 3% per individual trade. Specific programs, like the 1-Step Master, have daily lot limits (e.g., 10 lots/day) and maximum lot sizes per click (e.g., 20 lots). The “Zero” program features a stringent 1% maximum floating loss limit.
Furthermore, FundingPips implements total open lot exposure limits that scale with account size for its 2-Step & Pro Master accounts (e.g., max 10 lots open for $25K, 20 for $50K, 40 for $100K).
Payout Policies Comparison in FundedNext and FundingPips
The approach to profit distribution and payout frequency differs notably between FundedNext vs FundingPips, influencing a trader's cash flow management. This prop firm payout comparison highlights key distinctions in their schedules and profit shares.
Payout Schedule and Frequency
FundedNext employs varied payout schedules depending on the specific program. For the Stellar 1-Step funded account, traders can request payouts every 5 business days. In contrast, the Stellar 2-Step and Stellar Lite programs have an initial waiting period of 21 days for the first payout, followed by subsequent biweekly trading payouts (every 14 days).
FundingPips has moved towards a standardized weekly payout system, designating every Tuesday as “Payday” for its standard master accounts. Depending on when a trader starts their master account, the first payout can be requested between the same day and up to 4 trading days later, ensuring relatively quick access to profit.
However, their specific “FundingPips Zero” program operates on a biweekly schedule.
Profit Split Structures
When considering FundedNext vs FundingPips payouts, the profit split trading firms offer is a major factor.
FundedNext provides up to a 90% profit share. Specifically, Stellar 1-Step funded accounts receive a 90% split from the start. Stellar 2-Step accounts begin with an 80% split, which can increase to 90% upon meeting scaling criteria.
FundedNext also offers a 15% profit share from the challenge phases themselves, claimable after achieving 10% growth in the funded account.
FundingPips typically offers an 80% profit split for its standard weekly Tuesday payouts. Traders who achieve “Hot Seat” status can receive on-demand payouts with a 90% split. The FundingPips Zero program offers a higher 95% split, but this comes with specific conditions like maintaining a 15% consistency score. While some sources mention up to 100% splits, the primary structures revolve around the 80% weekly and 90% Hot Seat tiers.
Minimum Payouts and Conditions
FundedNext has defined minimum withdrawal amounts depending on the method: $20 for USDT (TRC20) and TC Pay (for Iranian users), and $50 for Riseworks. FundingPips documentation mentions a minimum withdrawal requirement of 1% of the initial account balance for some programs and specific consistency rules attached to the high-split Zero program.
Common Queries Relevant to FundedNext and Funding Pips
How often can I get payouts from FundedNext and FundingPips?
FundingPips offers weekly payouts every Tuesday. FundedNext payout frequency varies: every 5 days for Stellar 1-Step, or biweekly after an initial 21 days for Stellar 2-Step/Lite.
What profit split do FundedNext and FundingPips offer traders?
FundedNext provides up to a 90% profit share. FundingPips offers 80% weekly, 90% for ‘Hot Seat' traders, and up to 95% for its Zero program (with conditions).
Can I trade during news events with FundedNext and FundingPips?
FundedNext permits news trading (Stellar models) but reduces profit split near events. FundingPips allows it during evaluation but restricts it +/- 5 mins on funded accounts.
Is Copy Trading allowed at FundedNext or FundingPips?
FundingPips prohibits copy trading entirely. FundedNext allows it only between your own challenge accounts via VPS, not on funded accounts or with external firms.
Do FundedNext and FundingPips have Minimum Trading Day Rules?
Yes. FundedNext requires 2-5 days during challenges (none once funded on Stellar). FundingPips generally requires 3 days (7 days for its Zero program).
How do FundedNext and FundingPips handle Trading Consistency Rules?
FundedNext doesn't enforce profit consistency but requires consistent style. FundingPips applies a 15% consistency score rule specifically for payouts from its ‘Zero' program.
End Note
Okay, wrapping up this FundedNext vs FundingPips comparison!
As you've seen, both offer paths to funding but differ significantly in areas like payout schedules and specific challenge rules. FundingPips might appeal with its potential for weekly payouts and an instant funding option, while FundedNext offers different payout cadences and MT4 support.
Key differences in policies around news trading, copy trading, and consistency also stand out. Ultimately, this trading firm evaluation shows that the best choice hinges on your individual priorities – if it's faster payouts, specific platform needs, or more lenient rules in certain areas.
Carefully consider these details on profit split trading firms and their unique proprietary firm challenges to pick the firm that aligns best with your trading approach.
