Quick Answer — Sway Funded vs FundingPips
FundingPips wins on profit split (up to 95% vs 80% default), drawdown structure (EOD is more forgiving), and platform variety (MT5 and Match-Trader). Sway Funded wins on challenge variety (1-step, 0-step options FundingPips doesn't offer), loyalty program, and pricing on comparable account sizes with the discount code. Both firms are legitimate and well-reviewed — the split decision comes down to how much you value a higher profit percentage vs more challenge flexibility.
- FundingPips wins: 95% profit split, EOD drawdown, MT5/Match-Trader platforms
- Sway Funded wins: 1-step and 0-step options, loyalty program (SFT), pricing with code
- Both: crypto payouts, broad geographic availability, similar trust-tier
- FundingPips also allows copy trading and EAs
Research-based comparison: I haven't run accounts at Sway Funded or FundingPips personally — my active trading is in futures. This comparison is built from official documentation, community data, and verified specs at both firms. Where I can't independently verify a detail, I say so.
For the full Sway Funded breakdown, read my complete Sway Funded review and my FundingPips review. Ready to start with Sway Funded? Use code FIRST for 50% off your first challenge with code FIRST for 50% off. Questions about Sway Funded? Check their help center.
Both Sway Funded and FundingPips are newer-generation prop firms that launched after the industry matured — Sway Funded in February 2024, FundingPips in 2022. They're competing for a similar audience: Forex traders who want affordable evaluations, competitive splits, and modern platforms. The comparison is closer than Sway Funded vs FTMO, and the decision comes down to a few specific factors.
I haven't traded either firm personally. This comparison is built from their official documentation and community data as of April 2026.
Head-to-Head Comparison Table
FeatureSway FundedFundingPipsWinnerFoundedFebruary 20242022🏆 FundingPipsChallenge Types1-step (Rapid), 2-step (Regular), 0-step (Instant)1-step, 2-step🏆 Sway FundedDrawdown TypeIntraday trailing (default); EOD with add-onEOD trailing (standard)🏆 FundingPipsProfit Split (max)80% default / 90% with add-onUp to 95%🏆 FundingPipsEntry Price (small acct)From ~$55 with FIRST codeFrom ~$49 ($5K account)TiePlatformLiquid Charts (proprietary)MT5, Match-Trader🏆 FundingPipsPayout MethodsCrypto only (BTC, ETH, USDT, TRX)Crypto, bank wire🏆 FundingPipsCopy Trading / EAsCheck current termsAllowed🏆 FundingPips0-Step / Direct FundedYes (Instant account)No🏆 Sway FundedTime LimitsNone (Rapid/Regular)Varies by modelVariesLoyalty ProgramYes (SFT tokens, Mystery Boxes)No🏆 Sway FundedTrust History2 years, 4.2/5 Trustpilot3+ years, well-reviewed🏆 FundingPips
Where FundingPips Wins
Profit Split: Up to 95%
FundingPips' 95% maximum profit split is higher than anything Sway Funded offers, even with the 90% add-on. The difference between 90% and 95% on a $10,000 profit cycle is $500 in your pocket vs $500 going to the firm. Over multiple payout cycles, this adds up.
Whether you can actually achieve 95% at FundingPips depends on their specific scaling or promotional conditions — check their current terms for the exact path to maximum split. But the published maximum is meaningfully higher than Sway Funded's.
EOD Trailing Drawdown Standard
FundingPips uses EOD trailing drawdown as their standard. This is the more forgiving structure for most trading styles, particularly swing traders and anyone who trades through daily volatility. Sway Funded's intraday trailing drawdown default is stricter — your drawdown level moves with every intraday profit peak, meaning intraday reversals can erode your buffer even if you close the day flat.
Sway Funded can match FundingPips on this dimension with the Fixed Drawdown add-on, but it costs extra. FundingPips delivers EOD as the default.
MT5 and Match-Trader Platforms
Traders already using MT5 or Match-Trader have no platform transition cost at FundingPips. EA traders, in particular, benefit significantly — FundingPips explicitly allows automated trading and copy trading on their accounts. If you've built or purchased a Forex EA, FundingPips is the more accessible choice.
Sway Funded's Liquid Charts is a proprietary platform. It's functional, but it's not the MetaTrader ecosystem. If your existing workflow is MT5-based, the FundingPips platform advantage is real.
Payout Method Variety
FundingPips offers crypto and bank wire. Sway Funded is crypto-only. For traders who prefer fiat payouts without dealing with crypto wallets and conversion, FundingPips' bank wire option is a clear win.
Copy Trading and EA Allowance
FundingPips explicitly allows copy trading and EAs (expert advisors). This opens the platform to algorithmic traders, signal followers, and anyone who uses automated or semi-automated trading systems. If you run EAs or copy from signal providers, FundingPips is the more compatible firm.
Where Sway Funded Wins
0-Step Instant Account
Sway Funded's Instant account is a direct funded account with no evaluation required. FundingPips doesn't offer an equivalent. For consistently profitable traders who find evaluations an unnecessary obstacle, the Instant account is a meaningful differentiator. The trade-off is a lower profit split (up to 75%) and stricter drawdown rules on the Instant model — but the evaluation bypass has real value for the right trader profile.
Loyalty Program (SFT Tokens)
FundingPips doesn't have a token-based loyalty program. Sway Funded's SFT system — daily login tokens, qualifying trade rewards, Mystery Boxes with free accounts — adds a secondary benefit layer that FundingPips doesn't match. For active daily traders, the SFT accumulation is a genuine bonus.
Challenge Variety: 1-Step Rapid
While FundingPips has a 1-step option, Sway Funded's challenge range (1-step, 2-step, 0-step) is broader. The specific rules and conditions differ — compare both firms' 1-step structures directly before deciding which better fits your trading style.
Pricing on Larger Accounts (With Code)
At larger account sizes, Sway Funded's pricing with the FIRST discount code competes well with FundingPips. On smaller accounts ($5K range), FundingPips' base price of ~$49 is lower than Sway Funded's discounted entry. On larger accounts, Sway Funded's 50% discount creates stronger value. Run the numbers for your specific target account size.
Who Should Choose Each Firm?
Choose FundingPips if:
- Maximizing profit split percentage is a priority (up to 95%)
- You trade using EAs or copy trading systems
- You want EOD drawdown without paying extra
- You prefer MT5 or Match-Trader platforms
- You want fiat bank wire payout options
Choose Sway Funded if:
- You want a 0-step direct funded account option
- You value the SFT loyalty program and Mystery Box rewards
- You're comfortable with crypto-only payouts
- You prefer no time limits on your challenge
- You want the 50% discount on your first challenge (code FIRST)
The bottom line: FundingPips has a structural edge in profit split, drawdown type, and platform for most standard Forex traders. Sway Funded counters with the unique Instant account option and a more developed loyalty ecosystem. If you run EAs or prioritize the highest possible profit split, FundingPips is the stronger choice. If you want to skip evaluation entirely or value the loyalty program's free account potential, Sway Funded makes more sense.
FAQ
Q1: What is the main difference between Sway Funded and FundingPips?
The biggest differences are profit split (FundingPips up to 95% vs Sway Funded's 80% default / 90% with add-on), drawdown type (FundingPips EOD standard vs Sway Funded intraday trailing default), and the 0-step Instant account that Sway Funded offers but FundingPips doesn't.
Q2: Which has a higher profit split, Sway Funded or FundingPips?
FundingPips offers up to 95% profit split. Sway Funded's default is 80%, upgradeable to 90% with the Fixed Drawdown add-on. FundingPips wins on maximum profit split.
Q3: Does FundingPips allow EAs and copy trading?
Yes. FundingPips explicitly allows expert advisors (EAs) and copy trading. Sway Funded's EA/copy trading policy should be verified in their current Terms before relying on it.
Q4: Which firm has better drawdown rules, Sway Funded or FundingPips?
FundingPips uses EOD trailing drawdown as standard, which is more forgiving for traders who hold positions through intraday volatility. Sway Funded uses intraday trailing drawdown by default — stricter, but convertible to EOD via the Fixed Drawdown add-on (which costs extra).
Q5: Can I use MetaTrader on Sway Funded?
No. Sway Funded uses their proprietary Liquid Charts platform. FundingPips supports MT5 and Match-Trader, which are widely used in Forex trading.
Q6: Does FundingPips have a 0-step or direct funded account?
No. FundingPips requires passing a 1-step or 2-step evaluation. Sway Funded's Instant account bypasses evaluation entirely for traders who prefer direct funded access.
Q7: Which firm is cheaper, Sway Funded or FundingPips?
At small account sizes (~$5K), FundingPips' base price (~$49) is competitive with Sway Funded's discounted price. At larger account sizes, Sway Funded's 50% first challenge discount (code FIRST) creates strong value. Compare for your specific target size.
Q8: Do both Sway Funded and FundingPips support crypto payouts?
Yes. Both firms offer crypto payouts. FundingPips also offers bank wire, while Sway Funded is crypto-only (BTC, ETH, USDT, TRX with a 1.5% fee).
Q9: Which firm is better for swing traders?
FundingPips' EOD drawdown standard is more forgiving for swing traders who hold positions overnight. Sway Funded's intraday trailing drawdown by default is stricter for overnight positions. FundingPips is the better default choice for swing trading.
Q10: Does FundingPips have a loyalty program like Sway Funded's SFT system?
No. FundingPips does not have a token-based loyalty program. Sway Funded's SFT tokens, Mystery Boxes, and Sway PLUS subscription are unique to their platform.
Frequently Asked Questions
What is the main difference between Sway Funded and FundingPips?
The biggest differences are profit split (FundingPips up to 95% vs Sway Funded's 80% default/90% with add-on), drawdown type (FundingPips EOD standard vs Sway Funded intraday trailing default), and the 0-step Instant account that Sway Funded offers but FundingPips doesn't.
Which has a higher profit split, Sway Funded or FundingPips?
FundingPips offers up to 95% profit split. Sway Funded's default is 80%, upgradeable to 90% with the Fixed Drawdown add-on. FundingPips wins on maximum profit split.
Does FundingPips allow EAs and copy trading?
Yes. FundingPips explicitly allows expert advisors (EAs) and copy trading. Sway Funded's EA/copy trading policy should be verified in their current Terms before relying on it.
Which firm has better drawdown rules, Sway Funded or FundingPips?
FundingPips uses EOD trailing drawdown as standard, which is more forgiving for traders who hold positions through intraday volatility. Sway Funded uses intraday trailing drawdown by default — convertible to EOD via a paid add-on.
Can I use MetaTrader on Sway Funded?
No. Sway Funded uses their proprietary Liquid Charts platform. FundingPips supports MT5 and Match-Trader.
Does FundingPips have a 0-step or direct funded account?
No. FundingPips requires passing a 1-step or 2-step evaluation. Sway Funded's Instant account bypasses evaluation entirely.
Which firm is cheaper, Sway Funded or FundingPips?
At small account sizes (~$5K), FundingPips' base price (~$49) is competitive. At larger account sizes, Sway Funded's 50% first challenge discount (code FIRST) creates strong value. Compare for your specific target size.
Do both Sway Funded and FundingPips support crypto payouts?
Yes. Both firms offer crypto payouts. FundingPips also offers bank wire, while Sway Funded is crypto-only with a 1.5% fee.
Which firm is better for swing traders?
FundingPips' EOD drawdown standard is more forgiving for swing traders. Sway Funded's intraday trailing drawdown by default is stricter for overnight positions. FundingPips is the better default choice for swing trading.
Does FundingPips have a loyalty program like Sway Funded's SFT system?
No. FundingPips does not have a token-based loyalty program. Sway Funded's SFT tokens, Mystery Boxes, and Sway PLUS subscription are unique to their platform.
