Discover why many traders are choosing FundedNext over PipFarm, with its competitive scaling opportunities, tailored trading conditions, and unique rewards system, enhancing both trader autonomy and career progression.

FundedNext vs. PipFarm: Quick compare

Explore how FundedNext’s Infinity Points offer a distinctive edge with enduring benefits and flexible rewards, complementing its competitive scaling options and tailored trading conditions—ideal for traders seeking long-term growth alongside PipFarm’s direct scaling and frequent payouts.

Feature Comparison

FundedNext vs. PipFarm: Scaling Program

How fast can you increase your funding?

FundedNext

FundedNext provides a structured Scale-Up plan that allows for substantial capital increases under precise conditions:

• Eligibility for scaling is reviewed every four months, requiring traders to show a minimum account growth of 10% and at least two payouts within this period.
• Each successful review results in a 40% increase in account balance. Starting from an initial $100,000, a trader can scale their account significantly with consistent performance.
• To scale from $100,000 to $4 million, a trader would need to successfully scale up 11 times, taking approximately 44 months. This process highlights FundedNext’s commitment to nurturing long-term, professional trading careers.

PipFarm

PipFarm offers a dynamic and rapid scaling program tailored to accelerate trader growth:

• Traders at PipFarm can scale their funding every 30 days by achieving a 12% profit, facilitating fast progression in trading capital.
• Scaling increments are set at 50%, allowing for significant increases in trading capacity in short intervals.
• Starting with $100,000, a trader can potentially scale to $250,000 in just 90 days, illustrating PipFarm’s focus on providing swift advancement opportunities for its traders.

Assessment Criteria

What’s required to pass the assessment?

FundedNext

FundedNext sets a challenging profit target to encourage strong trading skills and discipline:

• Profit Target: The profit target for the one-step evaluation at FundedNext is set at 25%, which is notably higher than many competitors, reflecting its emphasis on attracting proficient traders.
• Daily Drawdown Limit: Traders must manage their risk effectively, as the daily drawdown limit is set at 5%.
• Maximum Drawdown: The total allowable drawdown is capped at 10%. This ensures that traders maintain a cautious approach to risk management.
• Minimum Trading Days: Traders are required to trade for at least 10 days during the evaluation period, ensuring they demonstrate consistent trading ability over a range of market conditions.
• News Trading: News trading is not allowed in the 1-phase evaluation, requiring traders to adopt strategies that do not rely on market news events.
• Weekend Holding: Traders have the option to hold positions over the weekend in one type of the 1-phase evaluation account, allowing for more flexible trading strategies.

PipFarm

PipFarm provides clear and straightforward criteria for passing its evaluation:

• Profit Target: The target to pass the one-step PipFarm test is 12%, with traders required to demonstrate the ability to generate consistent profits.
• Daily Drawdown: The limit is set at 3%, promoting careful risk management among traders.
• Maximum Drawdown: Traders can choose between a 6% static drawdown or a 12% trailing drawdown, offering flexibility in how they manage their account’s equity.
• Minimum Trading Days: There are no minimum trading days required, allowing traders to achieve the profit target at their own pace provided they adhere to other trading rules.

Payouts

How much and how often are you paid profits?

FundedNext

FundedNext offers a robust payout system designed to reward successful traders efficiently:

• First Payout: After achieving a 25% profit, traders are transitioned to a funded account account, where the profit share conditions improve. The first payout can be requested once this transition occurs, aligning with the profit cycle of approximately 28 days.
• Subsequent Payouts: Following the initial payout, traders can receive their profits every 28 days, ensuring consistent rewards for continued trading success.
• Fee and Profit Share: The initial profit share is 60% of the profits from the first payout, increasing to 75% for the second payout, and 90% from the third payout onward. This structure incentivizes sustained trading performance and adherence to risk management rules.
• Minimum Payout Amount: Payouts must meet a minimum amount of $21 to be processed. Amounts below this threshold are carried forward to the next cycle, ensuring that traders are always working towards meaningful profit withdrawals.
• Payout Methods: FundedNext processes payments through various methods including Perfect Money, USDT (ERC20, TRC20), USDC (ERC20, TRC20), and RiseWorks, offering flexibility and convenience for traders globally.

PipFarm

PipFarm’s payout conditions are straightforward and trader-friendly:

• First Payout: Traders can request their first profit share just 3 days after completing the necessary trading conditions.
• Subsequent Payouts: Additional payouts are available every 14 days, supporting regular income for active traders.
• Profit Share: The initial profit share starts at 70% and can increase by 5% for each subsequent 3% profit withdrawal, potentially reaching up to 95%. This incentivizes traders to maintain and improve their trading performance.
• Minimum Payout Amount: The minimum payout from PipFarm is 3% of the starting balance, calculated to ensure traders are rewarded for significant trading successes.
• Payout Processing: All payouts are processed via Riseworks, ensuring secure and timely distribution of funds.

Leverage

Understanding leverage options offered by prop firms.

FundedNext

FundedNext offers a variety of leverage options tailored to different asset classes:

• Forex: Leverage of up to 1:100 is available for forex trading, allowing for significant market exposure.
• Indices: Traders can use leverage up to 1:25 when trading indices.
• Commodities: A leverage ratio of 1:50 is offered for commodity trading.
• Cryptocurrencies: Due to the inherent volatility of cryptocurrencies, leverage is set at 1:2.

These leverage settings are designed to match the volatility and risk profiles of different trading instruments, aiming to balance opportunity with prudent risk management.

PipFarm

PipFarm provides varying leverage levels to accommodate different trading strategies and risk tolerances:

• Default Maximum Leverage: The firm starts traders with a leverage of 1:30.
• Rank Advancements: As traders progress to Rank 5, they can access higher leverage, up to 1:50.
• Dynamic Leverage: The leverage system at PipFarm adjusts based on the trader’s exposure levels, starting higher and decreasing as exposure increases.
• Specific Asset Leverage: For metals and indices, the initial leverage is 1:20, while for cryptocurrencies, it is 1:10.

PipFarm’s leverage settings are structured to provide traders with flexibility while ensuring risk is managed appropriately across various trading conditions.

Trading Conditions

Commissions, spreads, instruments, and more.

FundedNext

FundedNext offers a comprehensive range of trading instruments to cater to diverse trading preferences:

• Instruments Supported: Traders at FundedNext can engage with a broad spectrum of markets, including forex, indices, commodities, and cryptocurrencies.
• Commissions: FundedNext charges $3 per lot for trading currency pairs, aligning with industry standards for cost-effective trading.
• Leverage: Detailed previously, FundedNext provides variable leverage based on the asset class, with up to 1:100 on forex and 1:2 on crypto, enhancing trading capabilities for experienced traders.
• Trading Platform Options: FundedNext supports popular platforms like MetaTrader 4 and MetaTrader 5, along with cTrader, offering traders the flexibility to choose the platform that best suits their trading style.

PipFarm

PipFarm’s trading conditions are designed to support both novice and experienced traders:

• Leverage: As previously noted, PipFarm offers leverage up to 1:30 by default and up to 1:50 for higher-ranked traders.
• Dynamic Leverage: PipFarm adjusts leverage based on exposure, starting higher for less exposed positions and reducing as risk increases, which helps manage overall trading risk.
• Instrument Leverage: Specific leverage settings include 1:30 for FX, 1:25 for metals, 1:20 for indices and commodities, and a conservative 1:5 for cryptocurrencies, considering the volatility of these assets.
• Trading Platforms: Exclusively offering cTrader, PipFarm focuses on providing a platform that is well-suited to advanced trading strategies and analytical tools.

Premium Features

How trustworthy is the company?

FundedNext

FundedNext aims to build trust and offer value through its Infinity Points rewards program:

• Infinity Points: Traders earn points for engaging with various features and activities on the platform. These points are a testament to the trader’s dedication and performance.
• Rewards and Incentives: Accumulated Infinity Points can be redeemed for coupon codes, which offer discounts on purchasing challenge accounts. This rewards system aligns with FundedNext’s commitment to rewarding its active and successful traders.
• Trustworthiness: FundedNext is registered and operates from the UAE, and while it does not fall under stringent financial services regulation, it adheres to its established internal protocols designed to protect traders and ensure fair trading conditions.

PipFarm

PipFarm’s premium feature program is structured around enhancing trader growth and experience:

• Experience Pips Program: Traders earn Experience Pips (XP) through active participation and success in various trading activities.
• Rank and Features: Each rank achieved through accumulated XP unlocks new and exclusive trading benefits, which are retained permanently, demonstrating PipFarm’s commitment to long-term trader development.
• Sustainability and Trust: By ensuring that benefits once earned are never lost, PipFarm builds a trustworthy relationship with its traders, promoting a stable and supportive trading environment.

Reputation

How trustworthy is the company?

FundedNext

FundedNext has established a reputable presence in the prop trading industry:

• Leadership: The company is led by Abdullah Jayed, aiming to bring innovative strategies and technologies to traders globally.
• Track Record: Despite its relatively recent establishment, FundedNext has quickly garnered attention due to its ambitious mission and comprehensive support for traders.
• Reviews and Trust: With a Trustpilot rating of 4.6 based on 14,583 reviews, FundedNext demonstrates a strong trust relationship with its user base, reflecting satisfaction and credibility among its traders.
• Regulatory Status: Registered in the UAE, FundedNext operates without stringent financial regulation but maintains internal protocols to ensure transparency and fairness in its trading conditions.

PipFarm

PipFarm’s reputation is anchored by its leadership and innovative approach to trading:

• Leadership: Led by James Glyde, an industry veteran with extensive experience in trading platforms and prop trading firm management.
• Experience in Trading Industry: Glyde’s involvement with cTrader and various brokerage initiatives positions PipFarm as a firm with deep industry insights and a solid foundation in trading technology.
• Commitment to Traders: PipFarm is known for its trader-centric approach, focusing on providing excellent conditions and growth opportunities for traders, which enhances its trustworthiness and appeal in the prop trading community.