Comparing The Funded Trader with Funding Pips provides essential insights into their distinct approaches to trading objectives, loss limits, trading days, periods, and profit splits. This in-depth analysis aids traders in choosing the firm that best suits their needs.
Evaluation of Phase Profit Targets
The profit targets in each phase for these firms are as follows:
- Phase 1 Profit Target: The Funded Trader sets a higher target of 10%, while Funding Pips aims for 8%.
- Phase 2 Profit Target: Both firms agree on a 5% target.
Loss Limitations and Trading Day Requirements
Their policies on loss limits and minimum trading days are as follows:
- Daily Loss Limit: Both start with a 5% limit, with The Funded Trader offering an extension to 6%.
- Maximum Loss: Set at 10% for both, with The Funded Trader allowing an increase to 12%.
- Minimum Trading Days: The Funded Trader requires 3 days, while Funding Pips has no specified minimum.
Trading Periods and Profit Split
Both firms provide similar conditions in terms of trading periods and profit splits:
- Unlimited Trading Periods: Both offer unlimited periods for Phase 1 and Phase 2.
- Profit Split: Profit splits start at 80% and can go up to 90% for both firms.
This comparison highlights how The Funded Trader and Funding Pips vary, particularly in their profit targets and minimum trading days, while showing similarities in other aspects such as loss limits and profit splits. These factors are crucial for traders in deciding which firm aligns more closely with their trading strategy and goals.
