FUNDEDNEXT VS FUNDINGPIPS
Rating breakdown
FundedNext Overview
In 2022, Next Ventures launched a new platform: FundedNext was live. The prop firm quickly made a name for itself by its generous capital allowance: a staggering $4 million was on the table for FundedNext traders who get to keep 90% of any profits made.
Rating breakdown
Funding Pips Overview
Funding Pips is a cutting-edge proprietary trading firm headquartered in Dubai. Specializing in CFD trading across various assets, including commodities, energies, currencies, cryptocurrencies, and indices, the firm offers traders access to evaluation (demo) accounts. Designed by traders for traders, Funding Pips provides standout features like up to 100% profit splits and fast payouts, making it a top choice for ambitious traders.Compare FUNDEDNEXT VS FUNDINGPIPS Trading Features
| Trading Feature | FUNDEDNEXT | FUNDINGPIPS |
|---|---|---|
| 🖥️ Trading Platforms: | ||
| 💰 Fees: | For FundedNext evaluation model, you pay for the challenge costs from $99 for a $15,000 funded account to $999 for a $200,000 funded account. | Fees range from $100 to $500. $100 for a 5K account; $200 for a 10K account; $300 for a 25K account; $400 for a 50K account; $500 for a 100K account. |
| 🚀 Profit split: | FundedNext pays out up to 90%. Your profit share will start at 60% in the express real account. After the first withdrawal, it will get bumped to 75%, and after the second withdrawal, it will again get bumped to 90%. | Funding Pips offers up to a 100% profit split for traders (starts at 80%), maximizing their earnings potential. |
| ✔️ Evaluation: | You must need to meet at least 10% account growth accumulatively in four consecutive months in a real account. In these four consecutive months, you need to make a minimum of two payouts, and your last month should end in a profit. | By completing both evaluation phases, you are awarded a funded account with a minimum withdrawal amount of 1% of the initial account balance. You are only required to respect the 5% maximum daily loss and 10% maximum loss rules. |
| 🎯 Profit Target: | A trader must achieve a profit target of 25% during the express model evaluation period without exceeding the 5% daily maximum profit or 10% maximum loss limits. | The profit target is 8% in phase one and 5% in phase two. |
| ⚓ Maximum drawdown (MDD): | Your maximum daily drawdown on any given day is 5% of your account balance | Funding Pips enforces a maximum total drawdown of 10% across all challenges. |
| ⌛ Trading Period: | There is no time limit or pressure to reach any profit target within a restricted period. | No maximum limit on trading days |
| ⚖️ Leverage: | FundedNext provides leverage of 1:100 to all trading accounts. | The leverage depends on the evaluation model you choose. You can trade with up to 1:100 leverage |
| 🔧 Instruments: | You can trade all the different assets that are available in the MT4, including Forex currency, raw feed, indices, and commodities. | You can trade Forex, Crypto, Indices, Metals & Energies with RAW spreads. Forex and Metals have a 2$ commission per lot. Crypto, Indices, and Oil are commission-free. |
| 📰 Allow Trade News: | Yes with FundedNext you can trade during news events. | You are allowed to hold trades during news. |
| 🔄 Weekend Position: | Yes you are permitted to hold your trade overnight & over the weekend for the Evaluation program | You are allowed to hold trades over the weekend. |
| 💰 Payout Policy: | Evaluation: First payout is 28days, then 14days. Express: payout is every 28days. Stellar 1-Step: Every 5 days. Stellar 2-Step: First payout is 28days, then 14days. Stellar lite: First payout is 21 days, then 14 days. If payout is below $20, you can't withdraw. If payout is above $20, you can withdraw through USDT(TRC20). To request payout through riseworks, minimum payout is $50. For Iranian users, the minimum payout of TC pay is $20 and the maximum is $5000. | FundingPips Zero: - Biweekly (95%) with 15% consistency rule. - 3% safety cushion. - Biggest loss cannot exceed biggest win. FundingPips (1-Step): - Weekly (every Tuesday). FundingPips (2-Step): - Weekly, Biweekly, Monthly. |
After spending several days researching different Proprietary Trading Firm for funded trading accounts, our team at start-business-online.com team collected various data points. For this review, we will compare Fundednext vs Fundingpips.
Compare FUNDEDNEXT VS FUNDINGPIPS Funded Trading Accounts Programs - Find the best firm for you
FUNDEDNEXT VS FUNDINGPIPS Prop Trading Firms at a glance
A handy comparison table with all the key facts for the Funded Trading Accounts Programs.
| Evaluation Metric | How they performed |
|---|---|
| Challenge Assessment | Not all traders will be suited to the FundedNext approach. While the rewards are high, the evaluation does not come without its rules and some traders will simply not be suited to the parameters of a prop firm challenge. On the other hand Funding Pips overly strict trading rules, such as rigid drawdown limits and unrealistic profit targets, often make it challenging to maintain a trading account successfully. |
| Customer support | The FundedNext firm has no restrictions on trading style. Their program is a great option regardless of the type of trader you are because they also provide very flexible trading guidelines. On the other hand Funding Pips offers flexible pricing options, diverse trading instruments, a rewarding scaling plan, and high-profit sharing. |
| Fee | The FundedNext fees are not above the industry average, but there is of course an entry payment required for participating in the Challenge. on the minimum plan with a $15,000 balance, the initial fee is $99. To get the maximum balance of $200,000, you have to pay $999. On the other hand Funding Pips charges evaluation fees and commissions but keeps other fees to a minimum to facilitate smooth trading experiences. |
| Payout scheme | With FundedNext traders are entitled up to 90% of the profits they earn on a funded account. And withdrawing is simple. You will receive the first payout after four trading weeks, and from the second payout onwards, you will receive it every two trading weeks (14 days). The cycle will start once you place the first trade in your real account and will be applicable for each consecutive cycle. On the other hand With Funding Pips traders benefit from frequent payouts, starting as early as the first Tuesday, and can enjoy a profit share of 80% to 100%. However, Funding Pips' limited payout options, coupled with the 1% withdrawal requirement, can frustrate traders. |