For traders evaluating prop trading firms, comparing the specifics of Funding Pips and FundedNext (Stellar) is critical. This side-by-side overview provides insight into their similarities and differences in trading objectives.
Trading Objectives: Funding Pips vs. FundedNext (Stellar)
Let’s examine how they compare in their trading objectives:
- Phase 1 Profit Target: Both firms have an 8% target in Phase 1.
- Phase 2 Profit Target: They align with a 5% target for Phase 2.
- Maximum Daily Loss: A scalable 5% limit for Funding Pips, similar to FundedNext’s fixed 5%.
- Maximum Loss: Both offer a scalable limit starting at 10% and reaching up to 14% for Funding Pips.
- Minimum Trading Days: Funding Pips has no minimum trading days, in contrast to FundedNext’s 5-day requirement.
- Maximum Trading Period: Unlimited trading periods for both phases are provided by both firms.
- Profit Split: A similar range of 80% to 90% is offered by both firms.
Summary of Differences
This comparison highlights that while Funding Pips and FundedNext (Stellar) share common ground in profit targets, loss limits, and profit splits, they differ in the minimum trading days requirement. Funding Pips offers more flexibility with no minimum trading days, whereas FundedNext mandates a 5 calendar day minimum. These distinctions are significant for traders to consider when choosing a firm that best suits their trading strategy and goals, especially within the diverse landscape of forex funded programs.
