Funding Pips vs The Funded Trader: Which Prop Firm Wins in 2026?

Side-by-side breakdown of rules, fees, payouts and who should pick which.

Quick Verdict

Funding Pips and The Funded Trader both have strong cases, and the tiebreaker is your trading style. See the side-by-side table below and the "who should pick which" section for an honest answer.

Head-to-Head Comparison

Metric	Funding Pips	The Funded Trader
Founded	2022	2022
HQ	Dubai, UAE	Delaware, USA
Market	Forex/CFD	Forex/CFD
Minimum fee	$30	$39
Account size range	$5,000 – $200,000	$5,000 – $400,000
Profit split	80% (up to 90%)	80% (up to 90%)
Payouts	Bi-weekly (every 14 days from first payout)	Bi-weekly
Challenge model	2-step (Phase 1 + Phase 2)	Standard 2-step, Rapid 1-step, Royal, Knight (3-step)
Platforms	MT5, cTrader, Match-Trader	MT4, MT5, DXtrade, Match-Trader

Funding Pips Pros

Industry-cheapest entry fee ($30 for $5k): undercuts almost everyone
Allows news trading, EAs, scalping, and weekend holds
High demand among Reddit /r/algotrading users in 2026
cTrader support including Smart Trader Tools

The Funded Trader Pros

4 challenge variants to match trading style
Low entry fee ($39) for $5K account: cheapest way to test
No consistency rule on most programs
Community-driven with active Discord support

Who Should Pick Which?

Pick Funding Pips if: Cost-sensitive traders running EAs who want the cheapest possible 2-step entry.

Pick The Funded Trader if: Traders wanting a cheap entry point or multiple challenge formats to test.

Test Both Against Your Strategy Before You Pay

Run your backtest through JPTradingCapital's Prop Firm Checker. We evaluate your trades against Funding Pips's and The Funded Trader's exact rulesets and tell you which one your strategy would actually pass.

Open the Prop Firm Checker →

If the decision is really about who runs the evaluation rather than which firm, our prop firm challenge passing service trades it for you on either firm. The account is bought in your name and we take no share of your payouts.

Full Funding Pips and The Funded Trader Reviews

Frequently Asked Questions

Which is cheaper, Funding Pips or The Funded Trader?

Funding Pips is cheaper to start, with a minimum challenge fee of $30. Funding Pips starts at $30 and The Funded Trader starts at $39. Cheaper entry doesn't always mean better value. Check the profit split, account ceiling, and payout reliability before deciding.

Which has the better profit split, Funding Pips or The Funded Trader?

Funding Pips offers 80% (up to 90%) and The Funded Trader offers 80% (up to 90%). Note: most prop firms scale the split with consecutive payouts, so the headline number is just the starting point.

Can I run the same EA on both Funding Pips and The Funded Trader?

Yes, both firms support MT5 and Match-Trader, so any EA compiled for those platforms will run on both. You'd still need to verify each firm's news-trading and scalping rules to make sure your strategy is allowed.

Which is more reputable, Funding Pips or The Funded Trader?

Both firms were founded in 2022. Reputation is a tie on age, so verify recent payout proofs on Reddit /r/Forex and TrustPilot for both before committing.

Which is better for swing traders, Funding Pips or The Funded Trader?

Swing traders need to check two things: (1) whether the firm allows weekend holds, and (2) whether the daily drawdown is static or trailing. Trailing DD is brutal for swing positions because intraday peak equity becomes the new floor. See the Pros/Cons section above for each firm's specifics.

Can I use both Funding Pips and The Funded Trader simultaneously?

Yes, most prop firms allow you to hold multiple accounts at different firms (their rules apply only to their own accounts). Some traders deliberately diversify across 2-3 firms to reduce single-firm risk and stack payouts.