FundedNext vs Funding Pips: which prop firm fits you?

FundedNext vs Funding Pips: the short answer

Choose FundedNext if you want a refundable challenge fee, weekend holding and the widest platform choice, including futures platforms. Choose Funding Pips if you want a low entry price on a $10k account and control over how often you are paid, and you can accept a non-refundable fee and funded accounts that are closed before weekends. On the headline 2-step rules the two firms are almost identical: an 8% then 5% target, a 5% daily loss limit and a 10% static maximum drawdown.

Quick verdict: FundedNext scores 85/100 and ranks 3rd in our prop firm ranking. Funding Pips scores 79/100 and ranks 4th. FundedNext leads on track record (23/30 vs 21/30), rule fairness (21/25 vs 18/25) and payouts and reviews (18/20 vs 16/20). Funding Pips scores slightly higher on cost (14/15 vs 13/15). Both get 10/10 for platforms. See our methodology for how scores are built. All figures were verified November 2026.

Side-by-side comparison

Costs and profit split

The cheapest listed prices are not for the same account size. FundedNext starts at $59.99 for a 6k Stellar 2-Step, while Funding Pips starts at $66 for a 10k 2-Step Standard. Our data does not include like-for-like $100k prices for either firm, so compare the exact size you want at checkout. FundedNext also notes that some pricing differs between its help center and checkout.

The refund is the bigger cost difference. FundedNext refunds the 2-Step fee with your first reward. Funding Pips does not refund the fee, so it is a sunk cost whether you pass or not.

The profit split works differently. FundedNext pays 80% by default, rising to 95% if you buy an add-on. Funding Pips ties your split to your payout cycle: 60% if you take weekly payouts, up to 100% if you wait for monthly payouts. If you need cash flow, FundedNext's 80% is higher than Funding Pips' weekly rate. If you can wait a month, Funding Pips pays the larger share.

Rules and drawdown

Both firms use a 5% daily loss limit and a 10% static maximum drawdown on their 2-step challenges, and both ask for 8% in phase 1 and 5% in phase 2. A static drawdown means your floor stays fixed at the starting level and does not rise as you make profit. See trailing vs static drawdown for how the two models differ.

Worked example: a $100k account

• Phase 1 target: 8% of $100,000 = $8,000, so you need a balance of $108,000.
• Phase 2 target: 5% of $100,000 = $5,000.
• Daily loss limit: 5% of $100,000 = $5,000 in one day.
• Maximum drawdown: 10% of $100,000 = $10,000, so equity must stay above $90,000.

Because the maximum drawdown is static, the $90,000 floor does not move if you grow the account to $106,000. That gives you $16,000 of room at that point. The flip side: two days that each hit the full $5,000 daily limit add up to $10,000 and breach the maximum drawdown. Risking 0.5% ($500) per trade means ten straight losers would reach the daily limit. Our data does not say whether either firm measures the daily limit from the starting balance or from each day's starting equity, so check that before you size positions. The drawdown calculator and position size calculator help you plan this.

Rules that differ

FundedNext allows news trading under a 40% news-profit rule and allows weekend holding. Funding Pips deducts profits from trades within 5 minutes of high-impact news on funded accounts and closes funded accounts before weekends. If you hold swing trades over the weekend, that rule alone points to FundedNext. Funding Pips requires 3 trading days per phase; sources conflict on whether FundedNext requires 5 days or none.

Platforms and access

FundedNext supports MT4, MT5, cTrader, Match-Trader, Tradovate, NinjaTrader and TradingView, and offers futures accounts as well as forex. It has accepted US traders on Match-Trader since November 2025. Funding Pips supports MT5, cTrader and Match-Trader. Our data does not record whether Funding Pips accepts US traders. If you want TradingView or MT4, only FundedNext offers them. Our platform comparison explains the differences.

Payouts

FundedNext pays the first reward after 21 days and then every 14 days. Funding Pips lets you choose weekly, bi-weekly, monthly or on-demand payouts, with the split changing by cycle as described above. Funding Pips is the more flexible of the two on timing.

Who should choose each

• Choose FundedNext if you hold trades over weekends, want your fee back when you pass, trade futures, use TradingView or MT4, or are based in the US.
• Choose Funding Pips if you trade intraday, want frequent payouts or the option of a 100% monthly split, and are comfortable with a fee you will not get back.

Concerns to weigh

FundedNext: rules change often, so re-read the current terms before each purchase. Some pricing differs between the help center and checkout, and sources conflict on minimum trading days.

Funding Pips: its Trustpilot profile was suspended in June 2024 after a review surge. Recent reviews mention device-ID terminations and rule changes after passing. The fee is not refundable, and funded accounts are closed before the weekend.

For more context, see FTMO vs FundedNext, FTMO vs Funding Pips, our guide on how to pass a prop firm challenge and the full list of prop firms.

Sources

Provider facts on this page come from our review database, verified November 2026, which draws on these sources:

• PropFirmMap: FundedNext
• ProptradingVibes: FundedNext pricing
• FundedNext US re-entry announcement
• FundedTrading: Funding Pips
• Trustpilot: Funding Pips
• Finance Magnates: Trustpilot suspension

Trading involves substantial risk of loss and is not suitable for everyone. A prop firm challenge fee is money at risk, and passing a challenge or receiving past payouts does not predict future results. This page is general information, not financial advice. Rankings are editorial and not paid. Read our risk disclaimer and advertiser disclosure.