Delving into the trading objectives and conditions of FundedNext and Funding Pips offers a clear perspective on the unique approaches and opportunities each proprietary trading firm presents. This side-by-side analysis is vital for understanding their comparative standing in various aspects of their trading programs.
Key Trading Objectives: FundedNext vs. Funding Pips
Let’s explore their key trading objectives to see how they compare:
- Phase 1 Profit Target: FundedNext sets a higher target of 10% in Phase 1, compared to Funding Pips’ 8%.
- Phase 2 Profit Target: Both firms align with a 5% profit target in Phase 2.
- Maximum Daily and Overall Loss: They share identical loss limits of 5% daily and 10% overall.
- Minimum Trading Days: FundedNext imposes a minimum of 5 calendar days, whereas Funding Pips has no such requirement.
- Maximum Trading Period: A notable difference exists in the trading period: FundedNext stipulates 30 days for Phase 1 and 60 days for Phase 2, while Funding Pips offers unlimited periods for both phases.
- Profit Split: The profit split range is similar for both firms, ranging from 80% to 90%.
Distinct Features of Each Firm
This analysis highlights the distinctive characteristics of FundedNext and Funding Pips, underlining their individual features and trading conditions. Such insights are essential for traders in choosing a firm that best aligns with their trading style and objectives, particularly within the scope of their respective forex funded programs.
