Welcome to our comparison between PipFarm and Funding Pips, 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 | PipFarm | Funding Pips |
---|---|---|
Incorporation date | June 2023 | August 2022 |
CEO | James Glyde | Khaled Ayesh |
Office Location | Singapore | Dubai, United Arab Emirates |
Scaling Plan |
PipFarm and Funding Pips are two reputable and trustworthy proprietary trading firms. PipFarm was incorporated in June 2023 while being managed by their CEO, James Glyde. They have their offices located in Singapore. Funding Pips, on the other hand, was incorporated in August 2022 while being managed by its CEO, Khaled Ayesh. Additionally, their offices are located in Dubai, United Arab Emirates.
Funding Program Options
Funding Program Options | PipFarm | Funding Pips |
---|---|---|
One-step Evaluation | ||
Two-step Evaluation | ||
Three-step Evaluation |
PipFarm provides their traders with an opportunity to choose between three funding programs to acquire funding, a two-step evaluation and two one-step evaluations. Funding Pips, on the other hand, allows its traders to choose between three funding programs to acquire funding, a two-step evaluation, a one-step evaluation, and a three-step evaluation.
One-step Comparison
Trading Rules/Objectives | Static Evaluation | Trailing Evaluation | One-Step Evaluation |
---|---|---|---|
Profit Target | 12% | 12% | 12% |
Maximum Daily Loss | 3% | 3% | 4% |
Maximum Loss | 6% | 12% (Trailing) | 6% |
Minimum Trading Days | 3 Calendar Days | 3 Calendar Days | No Minimum Trading Days |
Maximum Trading Period | 365 Calendar Days | 365 Calendar Days | Unlimited |
Leverage | 1:30 (1:50 with XP Milestone) | 1:30 (1:50 with XP Milestone) | 1:50 |
Profit Split | 70% up to 95% | 70% up to 95% | 80% up to 90% |
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 | Static Evaluation | Trailing Evaluation | One-Step Evaluation |
---|---|---|---|
$5,000 | $60 | $60 | $59 |
$10,000 | $110 | $110 | $99 |
$20,000 | $210 | $210 | |
$25,000 | $199 | ||
$50,000 | $350 | $350 | $299 |
$100,000 | $550 | $550 | $499 |
$200,000 | $1,100 | $1,100 | $499 |
$300,000 | $1,550 | $1,550 |
Brokers & Trading Platforms
Now that we have addressed the trading objectives, account sizes, and costs associated with PipFarm and Funding Pips, it’s time to examine the brokers and trading platforms compatible with each proprietary trading entity.
PipFarm | Funding Pips | |
---|---|---|
Broker | Tier-1 Liquidity Provider with Best Simulated Real Market Trading Conditions | Tier-1 Liquidity Provider with Best Simulated Real Market Trading Conditions |
Trading Platform | cTrader | Match-Trader, cTrader, TradeLocker |
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 PipFarm and which with Funding Pips.
Trading Instrument | PipFarm | Funding Pips |
---|---|---|
Forex Pairs | ||
Commodities | ||
Indices | ||
Cryptocurrencies |
Community Feedback
The last topic we will cover is community feedback from PipFarm and Funding Pips. The statistics are taken from the Trustpilot page of each of the mentioned companies.
Trustpilot Statistics | PipFarm | Funding Pips |
---|---|---|
Rating | 4.6/5 | 4.4/5 |
Number of Reviews | 31 | 13,635 |
5-Star Ratings | 87% | 80% |
PipFarm has an excellent rating of 4.6/5. This is out of a total of 31 reviews, where 87% of them are rated as 5 stars. Funding Pips, on the other hand, also has an excellent rating of 4.4/5. However, this is out of a total of 13,635 reviews, where 80% of them are rated as 5 stars.
Conclusion
In conclusion, PipFarm and Funding Pips 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. PipFarm has a two-step evaluation and two one-step evaluations, while Funding Pips has a two-step evaluation, a one-step evaluation, and a three-step evaluation.
This concludes our comparison between PipFarm and Funding Pips. 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!
PipFarm 25% active discount code: FOREXPROPREVIEWS
Funding Pips 5% active discount code: FOREXPROPREVIEWS
Our comparison between PipFarm and Funding Pips was last updated on 18.06.2024 at 07:27 (CE(S)T).