FTMO and Funding Pips both accept UK traders, but they suit different people. This comparison covers the rules, costs, payouts and platforms that decide which firm is the better fit for you, based on each firm’s published terms as of September 2026.
Quick verdict
Choose FTMO if you want the most established firm, broad platform choice and simple rules. Choose Funding Pips if you want a static drawdown at a lower price and are happy choosing a payout cycle.
Side-by-side comparison
| FTMO | Funding Pips | |
|---|---|---|
| Founded | 2015 | 2022 |
| Headquarters | Prague, Czech Republic | Dubai, UAE |
| Evaluation | 2-Step (10% / 5%) or 1-Step (10%) | 1-Step, 2-Step (Standard, Pro, Flex), Zero instant |
| Daily loss | 5% (2-Step); 3% (1-Step) | Varies by program |
| Maximum loss | 10% static (2-Step); 10% trailing (1-Step) | Static on evaluations |
| Consistency rule | None on 2-Step; 50% Best Day Rule on 1-Step | On on-demand payouts and some funded accounts |
| Time limit | None | None |
| Cheapest entry | €89 ($10K) | about $29–$36 ($5K) |
| Profit split | 80%, up to 90% via scaling | 60% weekly, 80% bi-weekly, 100% monthly |
| Payout frequency | First after 14 days, then bi-weekly or on demand | Weekly, bi-weekly, monthly or on demand |
| Payout speed | Usually fast | Processed Tuesdays; often within hours |
| Platforms | MetaTrader, cTrader, DXtrade | MT5, cTrader, Match-Trader |
| EAs | Allowed | Allowed (no MT4) |
| Our rating | 4.6 / 5 | 4.3 / 5 |
Evaluation rules and drawdown
FTMO offers 2-Step (10% / 5%) or 1-Step (10%), with a daily loss of 5% (2-Step); 3% (1-Step) and a maximum loss of 10% static (2-Step); 10% trailing (1-Step). Funding Pips offers 1-Step, 2-Step (Standard, Pro, Flex), Zero instant, with a daily loss of Varies by program and a maximum loss of Static on evaluations.
Both firms use a static maximum loss that never moves up with profits on their main evaluations, so the bigger differences lie elsewhere. Read our guide to trailing vs static drawdown for worked examples.
Consistency rules. FTMO: None on 2-Step; 50% Best Day Rule on 1-Step. Funding Pips: On on-demand payouts and some funded accounts.
Costs
FTMO starts at €89 for $10K, while Funding Pips starts at about $29–$36 for $5K. Fees are charged in USD or EUR, so UK traders should expect a card conversion fee on top. Check whether each firm refunds the fee with your first payout.
Profit split and payouts
| Firm | Profit split | Payout schedule | Speed and methods |
|---|---|---|---|
| FTMO | 80%, up to 90% via scaling | First after 14 days, then bi-weekly or on demand | Usually fast |
| Funding Pips | 60% weekly, 80% bi-weekly, 100% monthly | Weekly, bi-weekly, monthly or on demand | Processed Tuesdays; often within hours |
Look beyond the headline split: payout frequency, withdrawal fees and consistency conditions decide how much you actually receive and when. Both firms pay in USD (or EUR), so UK traders should compare conversion costs across payout methods.
Platforms and strategies
| Firm | Platforms | Expert Advisors (EAs) |
|---|---|---|
| FTMO | MetaTrader, cTrader, DXtrade | Allowed |
| Funding Pips | MT5, cTrader, Match-Trader | Allowed (no MT4) |
If you already use MetaTrader or run automated strategies, check that your platform and EA are supported before paying for a challenge.
What it costs in pounds
At an illustrative rate of £0.75 per US dollar (check today’s rate and your card’s non-sterling transaction fee):
| Firm | Cheapest entry | Approx. in pounds |
|---|---|---|
| FTMO | €89 | about £75 (EUR) |
| Funding Pips | about $29–$36 | about £22–£27 |
Payouts arrive in US dollars (or euros) and are converted to pounds; see how to withdraw prop firm profits in the UK.
Trading from the UK
Forex traders get the most liquidity during the London–New York overlap, roughly 13:00–17:00 UK time. US index futures are busiest after the New York cash open at 14:30 UK time (13:30 for a few weeks in spring and autumn when the clocks change on different dates). Payouts are generally taxable income for HMRC: see prop firm tax in the UK.
Which should you choose?
Both use static drawdowns on their main evaluations, so the choice comes down to price and payout structure. Funding Pips is cheaper and pays 100% on monthly cycles; FTMO has the longer record and fewer moving parts.
Visit FTMO Read our FTMO review
Visit Funding Pips Read our Funding Pips review
FTMO vs Funding Pips FAQ
Which is cheaper, FTMO or Funding Pips?
FTMO starts at €89 for $10K, while Funding Pips starts at about $29–$36 for $5K.
Which has the better profit split?
FTMO pays 80%, up to 90% via scaling. Funding Pips pays 60% weekly, 80% bi-weekly, 100% monthly.
Which has the easier drawdown rules?
Both use a static maximum loss that never moves up with profits.
Can UK traders use both FTMO and Funding Pips?
Yes. FTMO: Yes; fees charged in EUR. Funding Pips: Yes (confirm at checkout).
Can UK traders use both FTMO and Funding Pips?
Yes. Both firms accept UK residents; confirm eligibility at checkout.
How much does it cost in pounds?
At an illustrative £0.75 per US dollar, FTMO starts at about £75 (EUR) and Funding Pips at about £22–£27.