Prop firms whose payouts run weekly, daily or on demand after the first withdrawal, with each program's first-payout rule, ongoing frequency, split at that frequency and methods, plus the buffers, caps and consistency checks that apply.
FTMO and FundingPips are two of the most-reviewed forex and CFD prop firms, but they are built differently. FTMO has operated since 2015 and runs a small number of products with a refundable 2-Step fee and a single on-request payout path. FundingPips sells five models at lower list prices and lets funded traders pick a reward cycle, from weekly at a 60% split to on demand at 100%. This comparison uses the rules we checked on each firm's official pages in November 2026. Where a figure was not published, we say so.
FTMO vs FundingPips at a glance
| FTMO | FundingPips | |
|---|---|---|
| Market | Forex/CFD | Forex/CFD |
| FundedTime score | 8.8/10 | 7.4/10 |
| Data status | Verified | Mostly verified (official site readable November 2026; Zero pricing not verified) |
| Listed price | From €89 (2-Step) and €79 (1-Step) on the global site; per-size prices not published in a readable table | 2 Step Standard $39 ($5k) to $652 ($100k); 2 Step Pro $29 to $919 ($200k) |
| Pricing model | One-time fee | One-time fee |
| Fee refundable | Yes on 2-Step (refunded with first reward); no on 1-Step and Instant | 2 Step Standard only, refunded at the fourth reward |
| Max account size | $200,000 per account (Scaling Plan up to $2,000,000 across accounts) | $200,000 (2 Step Pro, Zero); $100,000 on 2 Step Standard |
| Max profit split | 90% (1-Step, Instant); 2-Step starts at 80%, 90% via Scaling Plan | 100% on On Demand cycle; 80% bi-weekly, 60% weekly (2 Step Standard) |
| Profit target | 10% / 5% (2-Step); 10% (1-Step) | 8% / 5% (2 Step Standard); 6% / 6% (2 Step Pro); 12% (1 Step Flex) |
| Daily loss limit | 5% (2-Step); 3% (1-Step); equity-based | 5% (2 Step Standard), measured from the higher of opening balance or equity; 3% (Pro) |
| Max drawdown | 10% static (2-Step); 10% EOD trailing (1-Step) | 10% static (2 Step Standard); 6% (Pro); 12% (Flex) |
| Drawdown type | Static (2-Step); end-of-day trailing (1-Step) | Static (Zero: 5% trailing) |
| Minimum trading days | 4 per phase (2-Step); none (1-Step) | 3 per phase (2 Step Standard); none on 2 Step Pro and 1 Step Flex |
| Consistency rule | 1-Step only: best day 50% or less of total closed profit | None in evaluation; On Demand 100% needs a 35% consistency score and 7 profitable days |
| News trading | Allowed in evaluation; 2-minute window blocked on funded Standard accounts (Swing exempt) | Allowed in evaluation; funded profits within 5 minutes of restricted news may be deducted |
| EAs / bots | Allowed, with server limits and forbidden-practice rules | Trade/risk-manager EAs only; own fully automated EAs if you can prove ownership |
| First payout | Day 14 after first trade on the FTMO Account | 7 days after first Master trade (weekly cycle, 2 Step Standard) |
| Payout frequency | On request once eligible (no fixed cycle) | Weekly, bi-weekly or on demand (choice of cycle) |
| Payout methods | Bank wire, Visa Direct/Mastercard Send, Skrill, crypto | Card, crypto (USDT/USDC), Rise, bank transfer |
| Platforms | MT4, MT5, cTrader, TradingView (via OANDA) | MT5, cTrader, Match-Trader |
| US traders | Yes, through affiliated US entity (ftmo.oanda.com) | Not on published restricted list; no US-specific terms found |
| Trustpilot | 4.8 (55,579 reviews) | 4.5 (71,489 reviews) |
FundedTime scores
FTMO scores 8.8/10 and ranks first of the 11 forex and CFD firms we track. FundingPips scores 7.4/10 and ranks fourth. Scores follow our published methodology and are not a guarantee of results.
Pricing and fees
FundingPips publishes a full USD price table. Its 2 Step Standard runs from $39 for $5,000 to $652 for $100,000, and the tighter 2 Step Pro runs from $29 to $919 for $200,000. 2 Step Flex costs $35 to $555 and 1 Step Flex $74 to $666. FTMO publishes only starting prices on its global site, in euros: from €89 for the 2-Step and €79 for the 1-Step. We could not find a readable per-size table, so we cannot compare a $100,000 account like for like. Check FTMO's checkout in your currency before deciding on price alone.
Both charge a one-time fee with no subscription or activation fee. The refund terms differ a lot. FTMO refunds the 2-Step fee in full with your first reward. FundingPips refunds only the 2 Step Standard fee, and only at the fourth reward; the Pro, Flex and Zero fees are not refunded. FundingPips offers a discounted reset for 7 days after a breach (12% off Phase 1 on 2 Step Standard). FTMO does not publish a reset product.
Rules and drawdown
On the main two-phase products the headline numbers look close. FTMO's 2-Step asks for 10% then 5%, with a 5% daily loss limit, a 10% static maximum loss and 4 trading days per phase. FundingPips' 2 Step Standard asks for 8% then 5%, with a 5% daily limit, a 10% static maximum loss and 3 trading days per phase. Neither has a time limit.
The detail is in how the daily limit is measured. FTMO's daily floor is the day's opening balance (at midnight Prague time) minus 5% of the initial account size, checked against equity. Open profit at midnight does not raise that floor. FundingPips measures 5% from the higher of the day's opening balance or opening equity, so carrying an open winner into a new day raises the floor and makes giving back that profit more dangerous. FundingPips' reset is at 00:00 platform time (21:00 or 22:00 UTC depending on the season).
FTMO's 1-Step is the closer match to FundingPips' tighter models: a 10% target, a 3% daily limit, a 10% end-of-day trailing maximum loss and a best-day rule of 50% for orders from 12 October 2026. FundingPips' 2 Step Pro uses 6% targets in both phases with a 3% daily and 6% static maximum loss. Our static vs trailing drawdown guide explains why the trailing floor matters.
Funded-stage restrictions also differ. FTMO's Standard funded accounts block new orders from 2 minutes before to 2 minutes after selected high-impact news and require positions to be closed before weekend breaks; the Swing account type removes both rules at 1:30 leverage. FundingPips' Master accounts may have profits deducted from trades opened or closed within 5 minutes of restricted news, and open trades are closed automatically each day unless you buy the Swing add-on.
Worked example: the daily loss limit on $100,000
Take a $100,000 account on each firm's main 2-step (FTMO 2-Step, FundingPips 2 Step Standard). Both have a $90,000 static floor. Now suppose you finish day 3 with a closed balance of $103,000 and hold an open trade that is $2,000 in profit at the daily reset, so equity is $105,000.
- FTMO: the day's floor is the $103,000 opening balance minus $5,000 (5% of the initial $100,000), so $98,000. If the open trade reverses to breakeven, equity falls to $103,000 and you still have $5,000 of room.
- FundingPips: the baseline is the higher figure, $105,000. 5% of that is $5,250, so the floor is $99,750. If the open trade reverses to breakeven, equity is $103,000 and only $3,250 of room remains.
On a day that opens flat at $103,000 with no open trades, the gap narrows: FTMO's floor is $98,000 and FundingPips' is $97,850 ($103,000 minus $5,150). In short, FundingPips' limit is slightly wider when you open the day flat and above the starting balance, but tighter when you carry open profit across the reset. Test your own figures with the drawdown calculator and size positions with the position size calculator.
Payouts
FTMO keeps it simple. The first reward can be requested on day 14 after your first trade on the FTMO Account, then on request whenever you are eligible. The 2-Step split is 80% (90% through the Scaling Plan or Premium Programme); the 1-Step and Instant pay 90%. Methods are bank wire, Visa Direct or Mastercard Send, Skrill and crypto, with minimums of $20 (wire and card) and $50 (crypto). FTMO says it reviews requests within 1 to 2 business days and sends approved rewards within a further 1 to 2.
FundingPips makes you choose. On 2 Step Standard, the weekly cycle pays 60% and is first available 7 days after your first Master trade; bi-weekly pays 80% every 14 days; on demand pays 100% but needs a 35% consistency score and 7 profitable days of 0.5% or more. Methods are card, crypto (USDT or USDC), Rise and bank transfer, with a $500 minimum for Rise and bank transfer. Requests take 1 to 3 working days to process plus 1 to 2 days to arrive. Our FundingPips payout guide and FTMO payout guide go step by step.
As an example, $6,000 of funded profit pays $4,800 at FTMO's 2-Step 80% (plus the fee refund on the first reward). At FundingPips it pays $3,600 weekly, $4,800 bi-weekly or $6,000 on demand, but the on-demand route only works if no single day made more than $2,100 (35% of $6,000).
Platforms and US access
FTMO supports MT4, MT5, cTrader and TradingView (through OANDA), and US residents are served by an affiliated entity at ftmo.oanda.com with TradingView or MT5. FundingPips supports MT5, cTrader and Match-Trader. The US is not on FundingPips' published restricted list, but we found no US-specific terms, so US traders should confirm eligibility before buying. FundingPips' standard leverage is 1:100 on forex, the same as FTMO's Standard account.
Who each firm suits
FTMO
Traders who want a long track record, a static-drawdown 2-Step with a full fee refund, the widest platform choice including MT4, and one payout route with no cycle decisions or consistency score on the 2-Step.
FundingPips
Cost-conscious traders who want published USD prices, a lower 8% Phase 1 target and the option of weekly payouts, and who are comfortable with daily auto-close on funded accounts, a stricter EA policy and frequent rule changes.
Which should you choose if…
- You want the cheapest entry: FundingPips, whose $5,000 2 Step Pro lists at $29 and $5,000 2 Step Standard at $39.
- You want your fee back early: FTMO, which refunds the 2-Step fee with the first reward rather than the fourth.
- You hold trades overnight once funded: FTMO's Swing account, or FundingPips with the paid Swing add-on.
- You want cash in the first week: FundingPips' weekly cycle, accepting a 60% split.
- You run a fully automated EA you did not write: neither is a clear fit; FTMO's FAQ is more permissive, but warns about third-party EAs.
Bottom line
FTMO ranks higher in our data because its rules are simpler, its fee refund comes sooner and its record is longer. FundingPips is cheaper and more flexible on payouts, but more of its terms are conditional. If you trade a plain intraday strategy and want low cost, FundingPips is a reasonable choice; if you want fewer moving parts, FTMO is the safer default.
Read the full FTMO review and FundingPips review, see FTMO vs FundedNext, or line up more firms in the comparison tool. Check current discounts on our promo codes page.
Sources (checked November 2026): FTMO: ftmo.com/en/trading-objectives, ftmo.com/en/2-step-challenge, ftmo.com/en/1-step-challenge, ftmo.com/en/faq/how-do-i-withdraw-my-profits, ftmo.com/en/faq/who-can-join-ftmo, trustpilot.com/review/ftmo.com; FundingPips: fundingpips.com, intercom.help/fundingpips managing your rewards, intercom.help/fundingpips rewards with Rise, trustpilot.com/review/fundingpips.com.
FAQ
Is FTMO or FundingPips cheaper?
FundingPips publishes lower USD list prices, from $29 for a $5,000 2 Step Pro and $652 for a $100,000 2 Step Standard. FTMO lists only starting prices from €89 (2-Step), so a like-for-like comparison is not possible from its public pages.
Which pays out faster, FTMO or FundingPips?
FundingPips' weekly cycle allows a first reward 7 days after your first Master trade, at a 60% split. FTMO's first reward is available from day 14 after your first funded trade.
Do FTMO and FundingPips refund the challenge fee?
FTMO refunds the 2-Step fee with the first reward. FundingPips refunds only the 2 Step Standard fee, at the fourth reward.
Which has the stricter daily loss limit?
Both use 5% on their main 2-step. FundingPips measures it from the higher of opening balance or equity, so it is tighter when you carry open profit across the daily reset.
Educational content only, not financial advice. Trading involves substantial risk of loss. Prop firm rules change often; check the firm's official terms. Some links may be affiliate links; see our disclosure.
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