FundedNext & PipFarm One-step Comparison
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Welcome to our comparison between FundedNext and PipFarm, where we will compare all the major aspects of each company. We will be looking into the companies themselves as well as the one-step evaluations that both offer to traders from all across the globe.
Company Details
| Company Details | FundedNext | PipFarm |
|---|---|---|
| Incorporation date | March 2022 | June 2023 |
| CEO | Abdullah Jayed | James Glyde |
| Office Location | United Arab Emirates & Bangladesh | Singapore |
| Scaling Plan |  | |
FundedNext and PipFarm are two reputable and trustworthy proprietary trading firms. FundedNext was incorporated in March 2022 while being managed by their CEO, Abdullah Jayed. They have their offices located in the United Arab Emirates and Bangladesh. PipFarm, on the other hand, was incorporated in June 2023 while being managed by its CEO, James Glyde. Additionally, their offices are located in Singapore.
Funding Program Options
| Funding Program Options | FundedNext | PipFarm |
|---|---|---|
| One-step Evaluation | | |
| Two-step Evaluation | | |
FundedNext provides their traders with an opportunity to choose between six funding programs to acquire funding, three two-step evaluations and three one-step evaluations. PipFarm, on the other hand, allows its traders to choose between three funding programs to acquire funding, a two-step evaluation and two one-step evaluations.
One-step Comparison
| Trading Rules/Objectives | One-Step Stellar | Express – Consistency | Express – Non-Consistency | Static Evaluation | Trailing Evaluation |
|---|---|---|---|---|---|
| Profit Target | 10% | 25% | 25% | 12% | 12% |
| Maximum Daily Loss | 3% | 5% | 5% | 3% | 3% |
| Maximum Loss | 6% | 10% | 10% | 6% | 12% (Trailing) |
| Minimum Trading Days | 2 Calendar Days | 10 Calendar Days | 10 Calendar Days | 3 Calendar Days | 3 Calendar Days |
| Maximum Trading Period | Unlimited | Unlimited | Unlimited | 365 Calendar Days | 365 Calendar Days |
| Leverage | 1:100 | 1:100 | 1:100 | 1:30 (1:50 with XP Milestone) | 1:30 (1:50 with XP Milestone) |
| Profit Split | 80% up to 95% | 60% up to 95% | 60% up to 95% | 70% up to 95% | 70% up to 95% |
After covering the trading objectives of each company’s one-step evaluations, let’s take a look at the account sizes and costs of these one-step evaluations.
| Account Size | One-Step Stellar | Express – Consistency | Express – Non-Consistency | Static Evaluation | Trailing Evaluation |
|---|---|---|---|---|---|
| $5,000 |  | | | $60 | $60 |
| $6,000 | $59 | $49 | $59 | | |
| $10,000 | | | | $110 | $110 |
| $15,000 | $119 | $99 | $119 | | |
| $20,000 | | | | $210 | $210 |
| $25,000 | $199 | $199 | $229 | | |
| $50,000 | $299 | $299 | $379 | $350 | $350 |
| $100,000 | $519 | $549 | $699 | $550 | $550 |
| $200,000 | $999 | $999 | | $1,100 | $1,100 |
| $300,000 | | | | $1,550 | $1,550 |
Brokers & Trading Platforms
Now that we have addressed the trading objectives, account sizes, and costs associated with FundedNext and PipFarm, it’s time to examine the brokers and trading platforms compatible with each proprietary trading entity.
| FundedNext | PipFarm | |
|---|---|---|
| Broker | FundedNext Server | Tier-1 Liquidity Provider with Best Simulated Real Market Trading Conditions |
| Trading Platform | MetaTrader 4, MetaTrader 5, cTrader | cTrader |
Trading Instruments
Another important aspect to compare between proprietary trading firms is trading instruments. In the spreadsheet below, you will be able to learn which trading instrument types can be traded with FundedNext and which with PipFarm.
| Trading Instrument | FundedNext | PipFarm |
|---|---|---|
| Forex Pairs | | |
| Commodities | | |
| Indices | | |
| Cryptocurrencies | | |
Community Feedback
The last topic we will cover is community feedback from FundedNext and PipFarm. The statistics are taken from the Trustpilot page of each of the mentioned companies.
| FundedNext | PipFarm | |
|---|---|---|
| Rating | 4.5/5 | 4.6/5 |
| Number of Reviews | 18,332 | 31 |
| 5-Star Ratings | 84% | 87% |
FundedNext has an excellent rating of 4.5/5. This is out of a total of 18,332 reviews, where 84% of them are rated as 5 stars. PipFarm, on the other hand, also has an excellent rating of 4.6/5. However, this is out of a total of 31 reviews, where 87% of them are rated as 5 stars.
Conclusion
In conclusion, FundedNext and PipFarm are two incredible choices within the proprietary trading firm industry. We can clearly see there are numerous differences within the compared proprietary trading firms, such as trading objectives, account sizes, costs, and community feedback. In addition, there is also a major difference within the funding programs that each of the companies are offering. FundedNext has three two-step evaluations and three one-step evaluations, while PipFarm has a two-step evaluation and two one-step evaluations.
This concludes our comparison between FundedNext and PipFarm. If either of the compared proprietary trading firms sparked an interest, we have prepared a unique discount code, which you can apply while purchasing an evaluation to make it even more affordable!
FundedNext 5% discount code: FOREXPROPREVIEWS
PipFarm 25% active discount code: FOREXPROPREVIEWS
Our comparison between FundedNext and PipFarm was last updated on 18.06.2024 at 07:03 (CE(S)T).
