Understanding the differences between MyFlashFunding and Funding Pips is crucial for traders exploring their options in the prop trading industry. This detailed comparison sheds light on the various trading objectives of these two prominent firms.
Trading Objectives: MyFlashFunding vs. Funding Pips
Let’s take a closer look at how they compare:
- Phase 1 Profit Target: MyFlashFunding sets a 6% target, while Funding Pips aims for 8%.
- Phase 2 Profit Target: MyFlashFunding and Funding Pips set targets of 6% and 5%, respectively.
- Maximum Daily Loss: MyFlashFunding imposes a 4% limit, compared to Funding Pips’ 5%.
- Maximum Loss: MyFlashFunding has an 8% limit, while Funding Pips allows up to 10%.
- Minimum Trading Days: Both firms do not require a minimum number of trading days.
- Maximum Trading Period: Unlimited trading periods are offered in both phases by both firms.
- Profit Split: MyFlashFunding offers an 80% split, whereas Funding Pips offers a range from 80% to 90%.
Conclusion
This comparison highlights the unique aspects of MyFlashFunding and Funding Pips, providing traders with valuable insights to make informed decisions that align with their trading goals and preferences. Understanding these differences is key for traders navigating the diverse offerings of forex funded programs.
