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Affiliate Disclosure: hnlgrowth.com has a paid affiliate relationship with Atlas Funded. If you purchase through our links, we may earn a commission at no extra cost to you. This relationship does not influence our scoring methodology or editorial conclusions. Funding Pips has no affiliate relationship with this site.

Risk Disclaimer: Prop trading evaluations involve real financial risk. The majority of evaluation participants do not pass and do not receive funded accounts. Past performance in a challenge environment does not guarantee future results in live or simulated funded trading. Only trade with capital you can afford to lose.

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Atlas Funded vs Funding Pips: Challenge Cost, Rules and Payouts

Choosing between Atlas Funded and Funding Pips comes down to a handful of concrete variables: how many evaluation phases you want to pass, what drawdown limits you can realistically trade within, how quickly you want to receive a payout, and what the challenge costs relative to account size — see our how prop firm payouts work.

This article breaks down both firms side by side using the same scoring rubric applied to each. Neither firm is predetermined as a winner — the right choice depends on your trading style, risk tolerance, and preferred account structure — see our prop firm comparison guide.

Checked on: 2026-06-16. Rules and pricing can change. Always verify current terms at the official Atlas Funded site and the official Funding Pips site before purchasing.

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Methodology

Data for this comparison was gathered from each firm's official website and publicly available terms as of the checked date above. We evaluate both firms across five categories:

1. Challenge structure and phases
2. Profit targets and drawdown rules
3. Challenge cost and account sizing
4. Payout structure and profit split
5. Platform, instruments, and trader flexibility

No category is weighted to favor an affiliate partner.

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Quick Overview: Atlas Funded vs Funding Pips

Feature	Atlas Funded	Funding Pips
Evaluation phases available	1, 2, or 3 (+ instant options)	1 or 2
Minimum phase profit target	4% ($1 Pay Later) / 6% (3-Step)	Varies by model
Daily drawdown type	Fixed (varies by model)	Fixed
Overall/max drawdown type	Fixed (varies by model)	Fixed or trailing (varies)
Payout frequency	On-demand / bi-weekly	Bi-weekly
Starting profit split	80–90% (default, varies by model)	80%
Free or deferred entry	Yes (Free Pay Later, $1 Pay Later)	No
Instruments	Forex, indices, commodities, crypto	Forex, indices, commodities, crypto
Futures available	Yes (Atlas Futures — separate product)	No

Sources: atlasfunded.com; fundingpips.com. Checked on: 2026-06-16.

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Challenge Structure: How Many Phases?

Atlas Funded

Atlas Funded offers multiple distinct challenge models, which gives traders flexibility to match their style to a structure rather than adapting to a single format.

• 1 Step: Single phase, 11% profit target, unlimited time, 4% daily loss limit, 7% overall loss limit. (Checked on: 2026-06-16)
• 1 Step Pro: Single phase, 9% target, 3% daily loss, 6% overall loss; includes an evaluation-profit feature where qualifying profits from the challenge phase carry value. (Checked on: 2026-06-16)
• 2 Step: Phase 1 requires 9%, Phase 2 requires 5%, 5% daily loss, 10% overall loss. (Checked on: 2026-06-16)
• 3 Step: 6% per phase across three phases, 4% daily loss, 8% overall loss. (Checked on: 2026-06-16)
• Instant Funded: No evaluation phase; 3% daily loss, 5% trailing drawdown. (Checked on: 2026-06-16)
• Pay Later / $1 Pay Later / Free Pay Later: Deferred or minimal upfront cost models. The $1 Pay Later requires a $1 deposit with a 4% profit target; the Free Pay Later requires $0 upfront with an unlimited time period and EA support, with the full fee collected after passing. (Checked on: 2026-06-16)

Funding Pips

Funding Pips offers a 1-phase and a 2-phase model. Their standard challenge targets are broadly competitive with the industry. Drawdown rules use fixed daily and overall limits depending on the model selected. Funding Pips does not currently offer a futures product or a free/deferred entry option.

Takeaway: Atlas Funded offers more structural variety. Funding Pips offers a simpler, smaller menu. Traders who want fewer decisions may prefer Funding Pips; traders who want to match a specific evaluation structure to their style have more options with Atlas Funded.

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Drawdown Rules Compared

Drawdown rules are frequently the deciding factor in whether a trader passes or fails an evaluation. Stricter rules reduce the margin for normal variance; more lenient rules reduce the risk of a single losing session ending the challenge.

Atlas Funded Drawdown Rules by Model (Checked on: 2026-06-16)

Model	Daily Loss Limit	Overall/Max Drawdown
1 Step	4%	7% (fixed)
1 Step Pro	3%	6% (fixed)
2 Step	5%	10% (fixed)
3 Step	4%	8% (fixed)
Instant Funded	3%	5% (trailing)
Instant Zero	2%	4% EOD trailing

Note: Instant Zero has no consistency rule but does carry payout caps. All figures are percentage of account balance. Checked on: 2026-06-16.

Funding Pips Drawdown Rules

Funding Pips uses fixed daily and overall drawdown limits. Their 2-phase model typically allows a 5% daily and 10% maximum drawdown — comparable to Atlas Funded's 2 Step. Their 1-phase model has different parameters; verify current figures at fundingpips.com before purchasing.

Takeaway: The two firms are broadly comparable on drawdown structure for standard 2-phase challenges. Atlas Funded's 1 Step and 3 Step models carry tighter daily limits (3–4%), which suits traders with controlled intraday risk. The 2 Step model's 5%/10% rules are among the more trader-friendly in the industry and are equivalent to Funding Pips' main model.

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Challenge Cost and Account Sizing

Challenge fees vary by account size and model. Below is a general orientation — verify exact current fees at both official sites before purchasing, as pricing can change.

Atlas Funded

Atlas Funded offers accounts across standard sizes ($10K, $25K, $50K, $100K, $200K and above depending on the model). The $1 Pay Later entry point makes the cost barrier effectively zero for initial testing. The Free Pay Later model requires no upfront payment at all; the full fee is collected only after passing.

These deferred models are a structural differentiator. For traders who are cost-sensitive or want to test the environment before committing full fees, this is a meaningful option. Note that the deferred/reduced upfront cost models come with their own specific rules (reset windows, funded-stage conditions) that must be reviewed carefully.

Funding Pips

Funding Pips charges a standard upfront fee per challenge, with no deferred or pay-later option. Fees are broadly competitive with the industry for their account size range. They occasionally run promotional discounts — verify current pricing at fundingpips.com.

Takeaway: For standard 2-phase challenges at equivalent account sizes, pricing between the two firms is broadly comparable. Atlas Funded's deferred-entry models (Pay Later, $1 Pay Later, Free Pay Later) create a meaningful cost difference for traders who want to minimize upfront risk.

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Payout Structure and Profit Split

Atlas Funded

• Default profit split: 80% (varies by model; some models start at 90%). (Checked on: 2026-06-16)
• Payout frequency: Varies by model; on-demand payouts available on certain accounts.
• Scaling: Atlas Funded has a scaling program; verify current terms at atlasfunded.com.
• Instant Zero note: Carries payout caps — verify the specific cap before selecting this model.

Funding Pips

• Default profit split: 80%, with potential increases tied to performance milestones.
• Payout frequency: Bi-weekly.
• Scaling: Funding Pips has a scaling structure; verify current terms at fundingpips.com.

Takeaway: Starting profit splits are comparable (80% for both firms at standard entry levels). Atlas Funded's on-demand payout option on select models is an advantage for traders who prefer not to wait for a fixed payment window.

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Platform, Instruments, and Trader Flexibility

Both firms support MetaTrader 4 and/or MetaTrader 5 for forex and CFD trading. Both allow trading on forex, major indices, commodities, and cryptocurrency pairs. Neither firm permits trading through known major news events without restriction — verify each firm's news-trading policy before entering.

Atlas Futures is a separate product from Atlas Funded designed specifically for futures trading. It has its own drawdown rules, platform requirements, payout structure, and minimum-day conditions that differ from the forex/CFD models covered in this comparison. If futures trading is your primary interest, Atlas Funded has a relevant product; Funding Pips currently does not.

EA and algorithmic trading: The Atlas Funded Free Pay Later model explicitly allows EAs. Verify EA permissions for each specific Atlas model and for Funding Pips at their respective official sites.

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Atlas Funded: Detailed Evaluation (One Option Among Several)

For traders who want to explore Atlas Funded's full program range — including its multi-step models, deferred-entry options, and futures product — the programs cover a wide spectrum of evaluation difficulty and cost entry points.

The 2 Step model (9% Phase 1 / 5% Phase 2, 5% daily / 10% overall) is structurally comparable to the industry-standard two-phase challenge and directly comparable to Funding Pips' main offering. The 1 Step Pro's evaluation-profit feature is relatively uncommon in the market.

For a detailed breakdown of all Atlas Funded models, fees, payout history, and trader feedback, see our full Atlas Funded review for 2026.

Compare Atlas Funded Programs →

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Who Should Consider Each Firm

Atlas Funded may suit you if:

• You want to minimize upfront cost via Pay Later or Free Pay Later models.
• You trade futures and want a single provider for both forex and futures accounts.
• You prefer more structural choice (1-phase, 2-phase, 3-phase, instant).
• You want on-demand payouts rather than waiting for a fixed payment window.
• You use EAs and want a model with explicit EA permission (Free Pay Later).

Funding Pips may suit you if:

• You prefer a simpler, smaller product menu with fewer decisions.
• You are comfortable with standard bi-weekly payout cycles.
• You do not trade futures.
• You have compared current fees and found their pricing more competitive for your target account size.

Who should approach both firms with caution:

• Traders who have not yet demonstrated consistent profitability in a personal account.
• Traders who rely on strategies with high drawdown variance that may frequently breach daily limits.
• Traders who do not fully understand the specific rules of the model they are selecting.

Evaluation challenges are not a guaranteed path to funded trading. The majority of participants do not pass evaluations on their first attempt.

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Summary Comparison

Category	Atlas Funded	Funding Pips
Evaluation phases	1, 2, 3, or none (instant)	1 or 2
Lowest daily drawdown (strictest model)	2% (Instant Zero)	Verify at fundingpips.com
Highest overall drawdown tolerance	10% (2 Step)	~10% (2-phase model)
Deferred/free entry option	Yes	No
Futures product	Yes (separate product)	No
Default profit split	80–90% (varies by model)	80%
On-demand payouts	Available (select models)	No (bi-weekly)

Checked on: 2026-06-16. Rules and pricing can change. Always verify at official sites before purchasing.

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Frequently Asked Questions

Q: What is the main difference between Atlas Funded and Funding Pips? Atlas Funded offers a wider range of evaluation structures (1-step, 2-step, 3-step, instant, and deferred-entry models) plus a separate futures product. Funding Pips offers a simpler 1- or 2-phase menu without futures or deferred-entry options. Both firms offer broadly comparable drawdown rules and profit splits on their standard 2-phase challenges — see our how prop firm profit splits work.

Q: Does Atlas Funded have a free challenge option? Yes. Atlas Funded's Free Pay Later model requires $0 upfront, has an unlimited time period, and allows EAs. The full challenge fee is collected after passing. Funded-stage conditions and reset windows apply — verify current terms at atlasfunded.com before selecting this model. (Checked on: 2026-06-16)

Q: How do payout structures compare between Atlas Funded and Funding Pips? Both firms offer an 80% starting profit split at standard account levels. Atlas Funded offers on-demand payouts on select models; Funding Pips operates on a bi-weekly cycle. Verify the specific payout schedule for each model at the official site before purchasing.

Q: Which firm has better drawdown rules for swing traders? Swing traders typically benefit from higher overall drawdown tolerance and moderate daily limits. Atlas Funded's 2 Step model (5% daily / 10% overall) and Funding Pips' equivalent 2-phase model are broadly comparable. Swing traders who hold positions overnight should verify each firm's news-trading and overnight-holding policies specifically — see our daily drawdown limit rules.

Q: Can I trade futures with Funding Pips? No. Funding Pips does not currently offer a futures product. Atlas Funded has a separate futures product (Atlas Futures) with its own drawdown, platform, and payout rules distinct from its forex/CFD models.

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Checked on: 2026-06-16. Rules and pricing can change. Always verify at the official Atlas Funded site (atlasfunded.com) and the official Funding Pips site (fundingpips.com) before purchasing.