FundingPips suits traders who want a lower profit target and a cheaper entry: its $100K 2-Step Standard asks for 8% / 5%, has no time limit and costs $522 with our code 17B156E8 (first purchase only). FTMO suits traders who want the most established name and a wider daily loss: its $100K FTMO Challenge asks for 10% / 5%, allows a 5% daily loss and refunds the fee with your first reward.
Both are classic two-phase challenges with a 10% static max loss, so the real differences are the target, the daily loss, funded-account rules and payouts.
✓ Fact-checked November 9, 2026: Prices, codes and rules checked against the official site and help centre of FTMO and FundingPips. How we review prop firms.
- Lower target: FundingPips: 8% / 5% vs 10% / 5% at FTMO. That’s $2,000 less in phase 1.
- Wider daily loss: FTMO: 5% ($5,000) every time. FundingPips gives 3% with no minimum days, or 5% with 3 minimum days.
- Fee back: FTMO refunds the 2-Step fee with your first reward. FundingPips doesn’t list a refund for this plan.
- Payouts: FTMO pays 80% every 14 days, rising to 90% through its scaling plan. FundingPips pays up to 100% on this plan, bi-weekly or on demand.
Side-by-Side Comparison: $100K 2-Step
| Feature | FTMO | FundingPips |
|---|---|---|
| Plan compared | FTMO Challenge (2-Step) | 2-Step Standard |
| Price | €439 (FTMO’s own promo, no code needed) | $522 (code 17B156E8, 20% off, first purchase) |
| Regular price | €540 | $652 |
| Profit target | 10% / 5% ($10,000 → $5,000) | 8% / 5% ($8,000 → $5,000) |
| Max loss | 10% Static ($10,000) | 10% Static ($10,000) |
| Daily loss limit | 5% ($5,000) | 3% ($3,000) or 5% ($5,000) |
| Minimum trading days | 4 per phase | None (3% daily) or 3 (5% daily) |
| Time limit | None | None |
| Consistency rule | None on the 2-Step | None for bi-weekly rewards; 35% score for on-demand payouts |
| Profit split | 80%, up to 90% via scaling | Up to 100% |
| Payout cycle | Every 14 days | Bi-weekly, or on demand |
| Fee refund | Yes, with first reward | Not listed |
| News (funded) | No trading 2 min before/after high-impact news | No opening/closing 5 min before/after high-impact news |
| Weekend holding (funded) | Not allowed (crypto excepted) | Trades closed daily unless you buy the Swing add-on |
| FX leverage | 1:100 | 1:100 |
| Platforms | MT4, MT5, cTrader, TradingView | MT5, Match Trader, cTrader |
| Payout methods | Bank Transfer, Crypto, Card Payout | Bank Transfer, Crypto, Rise Works, Card Payout |
Price: Different Currencies, Different Deals
FundingPips’s $100K 2-Step Standard drops from $652 to $522 with code 17B156E8. That’s 20% off, but only on your first FundingPips purchase as a new customer, so use it on the challenge you actually want.
FTMO has no affiliate code and charges in euros. Its own limited-time promo currently shows the $100K 2-Step at €439 instead of €540 (only if you don’t already have an active $100K challenge). With euros vs dollars, the real gap depends on the exchange rate, so compare totals at checkout. In FTMO’s favour, the 2-Step fee is refunded in full with your first reward.
Rules & Drawdown
Same max loss. Both firms use a 10% static max loss: on a $100K account you fail if equity drops below $90,000, and that floor never trails up as you make profit. That’s friendlier than a trailing drawdown, because early gains add real breathing room.
Target is the big gap. FTMO wants 10% in phase 1 ($10,000), then 5%. FundingPips wants 8% ($8,000), then 5%. With the same $10,000 of max loss, FundingPips’s phase 1 asks you to make 0.8× your risk budget, FTMO’s asks for 1×.
Daily loss works the other way. FTMO’s 5% daily limit gives you $5,000 of room on a bad day. FundingPips’s Standard offers 3% ($3,000) with no minimum days, or 5% with 3 minimum days. At 1% risk per trade, 3% means three straight losers end your day.
Minimum days. FTMO needs 4 trading days per phase. Neither firm has a time limit, and both allow news trading and weekend holding during the evaluation.
Other rules. FTMO allows EAs (up to 2,000 server requests a day). FundingPips only allows EAs you built yourself and bans VPNs and VPS; it also dropped its striking system and profit concentration rule for new purchases on 5 October 2026, per its trading objectives page.
Payouts
FTMO pays rewards every 14 days, counted from your first funded trading day, at 80%. Each 4-month cycle with 10%+ net profit and 2 rewards processed grows the account by 25% (up to $2M) and lifts the 2-Step split to 90%. Minimum withdrawal is $20 by bank wire or $50 in crypto.
FundingPips’s 2-Step Standard pays up to 100% bi-weekly. It also lists an on-demand payout option for all challenge models, which needs a 35% consistency score and 7 days of 0.5%+ profit. The minimum reward is 1% of the starting balance ($1,000 on $100K), and rewards usually arrive within 1 to 3 working days via Bank Transfer, Crypto, Rise Works, Card Payout.
My first prop account was a $5K FundingPips challenge, and I took two $150 payouts from it, both paid in crypto. A small account is a cheap way to test a firm before a $100K challenge.
Platforms & Trading Conditions
FTMO offers MT4, MT5, cTrader, TradingView; US traders are served through its affiliated entity OANDA. FundingPips offers MT5, Match Trader, cTrader, with cTrader costing $20 extra. Both charge $5 per lot on FX; only FTMO also lists stocks and commodities.
Once funded, FundingPips’s news window is wider (profits made inside it are removed), and its Master accounts close trades daily unless you add Swing at checkout (about +10%).
Pros & Cons
FTMO
- Pro: running since 2015.
- Pro: 5% daily loss, no consistency rule, fee refunded with your first reward.
- Pro: scaling plan to $2M with a 90% split; TradingView and MT4 available.
- Con: higher 10% phase 1 target and 4 minimum days per phase.
- Con: no affiliate code; prices in euros; no weekend holding once funded.
FundingPips
- Pro: lower 8% / 5% target and $522 with code 17B156E8.
- Pro: no minimum days on the 3% option, no time limit, fast 1–3 day payouts.
- Pro: on-demand payout option and crypto, Rise, bank or card payouts.
- Con: the code works on your first purchase only.
- Con: stricter EA, VPN and news rules; trades closed daily on funded accounts without the paid Swing add-on.
Which Should You Choose?
FundingPips — you’re buying your first challenge and want the lower 8% / 5% target, no minimum days and the 20% first-purchase discount. Not ideal if you hold trades overnight on a funded account or run third-party EAs.
FTMO — you want the longest track record, a 5% daily loss and your fee back on the first reward. Accept the trade-offs: a 10% phase 1 target, 4 minimum days per phase and no discount code beyond FTMO’s own promo.
Want more detail? Read our full FTMO review and FundingPips review, browse all forex prop firms, see more prop firm comparisons such as FXIFY vs FundedNext at $100K 2-Step, or grab every current code on our prop firm discount codes page.
Frequently Asked Questions
Is FTMO or FundingPips better?
FundingPips is better for a lower target (8% / 5%) and no minimum days; FTMO is better for a wider 5% daily loss, a refundable fee and its long track record. Both use a 10% static max loss on the $100K 2-Step.
Is FundingPips cheaper than FTMO?
The $100K 2-Step Standard costs $522 with code 17B156E8 (first purchase), while FTMO’s $100K 2-Step is €439 during its current promo. FTMO charges in euros, so compare totals at checkout; FTMO also refunds the fee with your first reward.
Which has an easier profit target?
FundingPips: 8% in phase 1 and 5% in phase 2, vs 10% and 5% at FTMO. On $100K that’s $8,000 vs $10,000 in phase 1.
Do FTMO and FundingPips allow news trading?
Yes during the evaluation. Once funded, FTMO blocks trading 2 minutes before and after high-impact news, and FundingPips blocks opening or closing trades 5 minutes either side.
Is there a discount code for FTMO or FundingPips?
FundingPips: code 17B156E8 gives 20% off your first challenge. FTMO has no code, but its own promo currently lowers the $100K price.
Ready to start your $100K challenge?
Get FundingPips for $522 with code 17B156E8, or take FTMO’s $100K 2-Step at €439 during its promo.
I’ve traded the markets for more than 5 years, and I trade micro index futures (MNQ, MES and MYM) on prop firm accounts. I run InsidePropFirm to help beginners see exactly what they’re buying before they pay for a challenge: the real price after discounts, the rules that fail most traders, and how payouts actually work.
This article is for information and education only and is not financial advice. Trading futures, forex and CFDs carries a high risk of loss. InsidePropFirm may earn a commission when you buy through our links, at no extra cost to you.
