Institutional Funding vs FundingPips.
Measured spreads and estimated one-lot round-turn costs for both firms, read from the same live feed as the board. The tighter side is marked per instrument as the samples land.
Institutional Funding
Ranking starts once both feeds have quoted the same instrument.
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See the IF profile
FundingPips
Ranking starts once both feeds have quoted the same instrument.
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See the FPips profileSpread and cost, instrument by instrument
Current spread, session average and the all-in cost of one lot at each firm, read from the same feed as the board. The tighter side is marked per row as the samples land.
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Warming up · 0 of 5 samples. The comparison fills itself in from the feed as the first snapshots land, and no cell is ever pre-filled with an invented number.
Verified firm facts, side by side
| Fact | Institutional Funding | FundingPips |
|---|---|---|
| Profit split | 70%, up to 100% | up to 100% |
| Payout schedule | Processed within 2 business days of request | Reward cycles vary by model: Weekly, Bi-Weekly, On Demand and Monthly, plus Daily on the Prime Account |
| Account sizes | $10k · $25k · $50k · $100k · $150k · $200k | $5k · $10k · $25k · $50k · $100k · $200k |
| Max funded capital | Not provided | $2000000.00 |
| Instruments | Forex, Indices, Commodities, Cryptocurrencies, Metals, Energies | FX, Metals, Energies, Indices, Crypto |
| Founded | Not provided | 2022 |
Facts come from each firm's published terms (IF: institutional-funding.com homepage, FAQ and Participation Agreement, checked 2026-08-19 · FUNDINGPIPS: https://fundingpips.com/; https://fundingpips.com/trading-objectives; https://fundingpips.com/zero; https://fundingpips.com/1-step-flex, checked 2026-08-20). Anything unconfirmed says Not provided; terms change, confirm with the firm before purchasing. 4 further facts are unconfirmed for both firms and left out rather than listed as blanks.
Institutional Funding is the firm PropSpread's operators run, and FundingPips is the market's loudest price-first challenger, so this pair is two firms both claiming to be the cheap option — one of them on its operator's own site. Read the mechanism, not the prose: both feeds pass through the same pipeline, commission math, score engine and publication gate, and that gate currently approves none of IF's historical windows, so IF's historical statistics are withheld here while the live table below marks whichever side is tighter as samples land.
Quick verdict
On published commission IF is lower: 3.00 US dollars per lot round turn on forex and metals against FundingPips' 5.00 on the 2 Step Standard model. FundingPips answers structurally with model breadth, payout cadences down to daily on its Prime account, and the same 100 percent split ceiling IF publishes. Both are young firms with thinner published records than the incumbents — IF's record lacks challenge pricing and a drawdown model, FundingPips' lacks a fee ladder and a single payout number. The honest verdict is that this pair is decided by the measured spread at your hours and by which firm's recorded rules fit your strategy.
PropSpread Score
Computed by the same published-methodology engine for both firms. Ownership is not an input.
Institutional FundingScore loads with the application.FundingPipsScore loads with the application.Same engine, same methodology version, for both firms; input coverage and verification status are disclosed on the methodology page.
Spread comparison
Current spread and session average per instrument, from the same store the live board reads. If the house firm's side reads wider, the table says so.
Cost per trade
Published commissions: IF's FAQ states 3.00 dollars round turn per lot on FX, metals and indices, checked August 19, 2026. FundingPips charges a flat 5.00 per lot round turn on forex and metals on 2 Step Standard, 7.00 on the Zero model, 10.00 with the MT5 swap-free add-on, and nothing on index CFDs, per its published schedule read in the 2026-08-08 audit. One asymmetry to know: the board currently models IF's index CFDs commission-free, lower than IF's own published schedule, so IF's index cost figures on this site understate the published charge. The example below is the whole deterministic cost at the current quote.
Estimated cost of one EUR/USD round turn at 1 lot
Evaluation and account structure
From the published records as checked in August 2026. FundingPips: two-step, one-step Flex and Zero routes on sizes from 5,000 to 200,000 dollars, a split ceiling of 100 percent, payout cadence by model from weekly to monthly plus on-demand and daily on Prime, and a Prime scaling ladder of 10 percent per level to 2 million dollars per account; registered in the Comoros Union, stating its services are simulated trading programs. IF: sizes from 10,000 to 200,000 dollars including a 150,000 tier, a 70 percent split with a 100 percent ceiling, payout requests processed within two business days, a funded-phase consistency rule capping any single day at 20 percent of total profit, and execution infrastructure through TRDX, an FSCA-licensed counterparty. Neither firm's challenge fees are recorded here, and the facts table renders every absence as "Not provided".
- Recorded rules: both record high-frequency trading as not allowed; FundingPips additionally records no hedging, IF additionally records no copy trading. News trading is recorded as allowed at IF; overnight holding as allowed at FundingPips.
- FundingPips: model breadth and payout cadence flexibility, with the smallest entry size at 5,000 dollars.
- IF: the lower published commission, two-business-day payout processing, and a named, licensed execution counterparty.
Which trader each suits
Strategy first: a hedging strategy is recorded as disallowed at FundingPips, copy trading at IF, and burst-profit styles must read IF's 20 percent consistency rule before paying anything. Past the rulebooks, this is a running-costs pair — IF's commission advantage against whatever the spread table shows at your hours — against FundingPips' payout flexibility. Both are young firms: whichever you shortlist, verify the current rulebook on the firm's own site, and weigh the fact that one side of this page is published by its own operator.
How this comparison is made
Both feeds are sampled by the same pipeline on the same cadence, normalized to dollars per one-lot round turn with each firm's commission, and ranked over a rolling window. Neither firm can buy a better row — including the one this site's operators run. Figures are indicative snapshots, not tradable quotes. Commission schedules for FTMO, FundingPips and FundedNext are read from each firm's own published terms and were last checked on 2026-08-08. Institutional Funding carries a placeholder schedule that no published source confirms. Schedules vary by account type and product, so confirm the terms of the account you would actually trade. The data-source label on each module discloses whether the feed is demonstration or live account data.
Source: PropSpread market monitoring. Full sampling, normalization and ranking rules are on the methodology page.
Frequently asked
PropSpread runs Institutional Funding. Why believe this table?
The table is computed, not written: one pipeline, one commission model, one gate for every firm. The gate currently withholds IF's historical statistics entirely because its measurement windows are not yet verified — an absence this page states in its first paragraph.
Which is cheaper, Institutional Funding or FundingPips?
IF's published commission is 2 dollars per lot lower on forex and metals; the all-in answer depends on the spread each feed quotes at your hours, computed live above. On index CFDs, note the board currently understates IF's published commission.
Why are both firms missing facts in the side-by-side table?
Because each firm's checked published record is incomplete in different places — no fee ladder from FundingPips, no challenge pricing or drawdown model from IF — and this site renders the record it can verify, absences included.
Three rules for a fair comparison.
The table above says what these two firms cost right now. These three rules keep that answer from being read as more than it is.
A firm advertising raw spreads with a commission can cost more or less than a firm with all-in pricing, depending on the instrument. The per-lot figures above add each firm's published round-turn commission to the sampled spread, so the two columns are directly comparable.
Any firm can look tight for a minute. The session average behind each figure shows how the firm has priced across the whole sampling session on this page, and the rolling window behind the board ranking smooths single-tick outliers in both directions.
Evaluation rules, drawdown definitions, payout schedules and platform stability matter too, and none of them appear in a spread table. Use the profiles linked above for the published commission models, and treat this page as the execution-cost half of the decision.
Full sampling and ranking rules, including what happens when a feed goes quiet, are on the methodology page.
This tool provides an indicative comparison of spreads and estimated execution costs based on periodic snapshots from connected data feeds and normalized trade assumptions. Displayed values are not tradable quotes and may differ from prices available on any provider's live accounts. Spreads vary by account type, server, liquidity conditions, and time of day. Competitor names and marks belong to their respective owners; no affiliation or endorsement is implied. The "Average Prop Firm" benchmark is a computed composite of sampled competitor feeds, not the published pricing of any specific firm. Cost estimates use a normalized trade scenario and do not constitute financial advice or a prediction of trading results.