Evaluating Forex Prop Firm against Funding Pips involves a detailed look at their specific trading objectives. This comparison is crucial for traders to understand the distinctive features and requirements of each firm’s program.
Side-by-Side Comparison of Trading Objectives
Here’s an in-depth comparison of the trading objectives between Forex Prop Firm and Funding Pips:
- Phase 1 Profit Target: Forex Prop Firm has a 10% target, while Funding Pips sets it at 8%.
- Phase 2 Profit Target: Both firms aim for a 5% target.
- Maximum Daily Loss: Each maintains a 5% limit.
- Total Maximum Loss: A 10% cap is common to both firms.
- Minimum Trading Days: Forex Prop Firm requires 3 calendar days, in contrast to Funding Pips which has no minimum.
- Maximum Trading Period: Both offer unlimited trading for both phases.
- Profit Split: Forex Prop Firm offers 90% up to 100%, while Funding Pips provides a range of 80% to 90%.
This comparison highlights both similarities and differences in areas such as profit targets, loss limits, trading days, periods, and profit splits between Forex Prop Firm and Funding Pips. Such insights are essential for traders in making informed decisions tailored to their trading strategies and goals.
