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FTMO vs FundingPips
Choosing the right proprietary trading firm depends heavily on their drawdown metrics, consistency requirements, and pricing. This guide provides an objective breakdown of the operational rules of FTMO and FundingPips.
Rules Comparison Table
| Metric | FTMO | FundingPips |
|---|---|---|
| Daily Drawdown | 5% (fixed at midnight start-of-day balance) | 5% (dynamic, based on equity/balance high) |
| Max Overall Drawdown | 10% (static) | 10% (static) |
| Profit Target | Stage 1: 10% | Stage 2: 5% | Stage 1: 8% | Stage 2: 5% |
| Consistency Target | None | 5-day trading minimum |
| Refundable Fee | Yes (with first payout) | Yes (with first payout) |
| Leverage | 1:100 | 1:100 |
Drawdown Calculation Differences
The most critical difference lies in how daily drawdown is tracked:
- FTMO: Uses a fixed midnight server time balance to define the daily loss limit. If your starting balance is $100,000, you breach at $95,000 equity, regardless of how high your equity rises during the day.
- FundingPips: Uses a dynamic equity/balance trailing system. If your account equity reaches $102,000 during the day, your daily loss boundary shifts to $97,000 ($102,000 - 5%).
The TradeGuardian Perspective
Regardless of which firm you choose, executing with a strict risk management framework is essential. For FundingPips, we recommend using a tighter risk-reduction setting (0.5% max risk per trade) to account for their dynamic daily trailing drawdown rules.