FTMO vs FundingPips: Which Prop Firm Should You Choose?

Two of the most popular prop firms, two slightly different rule sets. Here's a plain-English comparison so you can pick the one that fits how you trade — and your budget.

The short version

Both are reputable, both run on MetaTrader, and both use a familiar evaluation model with a profit target plus daily and overall loss limits. The differences are in the details: targets, pricing and the fine print of their rules. Always confirm the current numbers on each firm's official site — prop rules change, and the figures below are typical ranges, not a contract.

Side by side

Profit targets

• FTMO: typically ~10% in Step 1 and ~5% in Step 2 (Verification).
• FundingPips: on its two-step path, typically ~8% then ~5%. It also offers one-step and instant-style options with different numbers.

FundingPips' lower first-phase target can mean a slightly gentler climb, which matters a lot when you're managing risk carefully.

Loss limits

Both commonly use a ~5% maximum daily loss and a ~10% maximum overall loss. The way each limit is calculated (from balance vs equity, static vs trailing) is the part people misread — and it's exactly what eliminates traders. We unpack it in Drawdown Rules Explained.

Cost and payouts

Pricing depends on account size and current promotions, and both firms run frequent discounts. FundingPips is often positioned as the more budget-friendly option, while FTMO is the older, very widely recognised brand. Compare the current fee, the refund of that fee on first payout, and the profit split before deciding.

Platform & automation

Both support MetaTrader, so the same automated approach works on either. If you plan to use a robot, that's a key point — your tooling carries over. Just make sure your robot can load each firm's specific rule set.

Which should you pick?

• Choose FTMO if you value the most established brand and a well-documented process, and the ~10% first target doesn't bother you.
• Choose FundingPips if you want a slightly lower first-phase target and often-cheaper entry, and you're comfortable with a newer (but fast-growing) firm.

Honestly, for a disciplined, risk-first trader the firms are close enough that your execution matters far more than the logo. Nail the fundamentals in How to Pass an FTMO Challenge (the same principles apply to FundingPips) and you'll do well at either.

A note on "consistency rules"

Some firms add a consistency requirement — no single day can be a giant share of your total profit. The practical takeaway is the same either way: small, distributed gains beat one big spike. That's good practice regardless of firm, and it's how a well-built robot trades anyway.

Educational content only — not financial advice. Rules and pricing change; always verify on each firm's official website. Trading carries risk.