Funding Pips prop firm is one of the available platforms for earning through challenges. This firm gives users the possibility to start with $36 for a $5,000 account. In this platform, you can have up to 1:100 leverage to increase your income. In addition, the firm's discord server has been created as a community for traders to communicate and exchange ideas and opinions. For more details, read the rest of this Funding Pips review.
Funding Pips - Company Information
Funding Pips company burst onto the prop trading scene in 2022, quickly gaining attention for its trader-friendly policies and structured scaling plan. Led by CEO Khaled Ayesh, this UAE-based firm had partnered with BlackBull Markets to provide traders access to the popular MT5 platform. However, this partnership has ended.
Here are some key facts about Funding Pips:
- Founded: 2022
- Headquarters Location: United Arab Emirates
- Trading Platform: Match-Trader, cTrader, TradeLocker
- Account Sizes: $5,000 to $100,000 (with the potential to scale up to $2 million)
- Evaluation Process: one-phase, Two-phase, and three-phase challenges
Funding Pips Prop Firm Key Features
Here's a summary of the firm's features and specifications at a glance:
Account Currency | USD, EUR |
Minimum Price | $36 |
Maximum Leverage | Up to 1:100 |
Maximum Profit Split | 100% |
Instruments | Forex, Metals, Indices, Energy Sources, Cryptocurrencies |
Assets | Unknown |
Evaluation Steps | One-Step, Two-Step, Three-Step |
Withdrawal Methods | E-Wallets, Bank Transfer, Cryptocurrencies |
Maximum Fund Size | $100,000 |
First Profit Target | 6% In 1-Step And 2-Step Procedures |
Max. Daily Loss | 10% (Subject To Evaluation Phase) |
Challenge Time Limit | None |
News Trading | Allowed But On A Certain Condition |
Maximum Total Drawdown | 4% |
Trading Platforms | Match-Trader, Ctrader, TradeLocker |
Commission Per Round Lot | $2 On Forex, Metals, Energy Sources Free On Other Instruments |
Trustpilot Score | 4.5 Out Of 5 |
Payout Frequency | Weekly |
Established Country | UAE |
Established Year | 2022 |
Advantages and Disadvantages
As with any prop firm, Funding Pips has its strengths and potential drawbacks. Let's break them down:
Advantages | Disadvantages |
Structured scaling plan allows for consistent account growth | A relatively new firm with limited track record |
High profit splits (up to 100%) at top levels | $2 per round lot commission on Forex, Metals, and Energies |
No time limits on challenges | Rules and pricing subject to frequent changes |
Weekly payouts for funded traders | Some restrictions on specific account types for news trading |
Wide range of tradable instruments | |
Low initial challenge fees |
Funding and Price Overview
Funding Pips offers a range of account sizes to suit different trader preferences and experience levels. Here's a breakdown of their funding options:
- Initial Account Sizes: $5,000, $10,000, $25,000, $50,000, $100,000
- Scaling Potential: Up to $2 million (at Hotseat level)
- Challenge Fees: Starting from $36 for a $5,000 account
- Refund Policy: Initial fee refunded after 4 successful payouts
The firm's unique scaling plan includes four levels:
- Launchpad: Initial funded account
- Ascender: 30% increase in account size
- Trailblazer: 40% increase from the initial level
- Hotseat: Double the initial balance (up to $2 million max)
Registration and Verification Guide
Getting started with Funding Pips is a straightforward process. Here's a quick overview of what to expect:
Registration
- Visit the Funding Pips website and click "Dashboard" or "Buy Challenge".
- Click on "Create Account".
- Create an account by providing your email and personal details. Also, create a strong password for your new account.
- Check your inbox for email verification. Click on the received link.
Verification
Once you've completed your challenge successfully, you'll need to complete your personal details in your profile on the Funding Pips website. For this, click on the [gear] button in the bottom left of the cabinet. You would need to enter your address.
Then, upload the required documents for the verification process.
Funding Pips Prop Firm: How is the User Evaluation and its Rules?
Funding Pips broker employs three different approaches to evaluation process to assess traders' skills and risk management abilities. These approaches are divided into these categories: 1-step, 2-step, and 3-step.
The first step is Student, the second is Practitioner, and the third is Senior. You can choose from one of these evaluation approaches for your account. In the table below, we will have a look at the specifications for each phase in each approach:
Specs for 1-step and 3-step procedure:
Min. Trading Days | 3 Days |
Max. Daily Loss | 4% |
Max. Loss | 6% |
Profit Target | 10% |
Leverage | 1:50 |
Specs for 2-step procedure:
- | Student | Practitioner |
Min. Trading Days | 3 Days | 3 Days |
Max. Daily Loss | 5% | 5% |
Max. Loss | 10% | 10% |
Profit Target | 8% | 5% |
Leverage | 1:100 | 1:100 |
Upon successful completion of the phases, traders undergo a manual review by the platform's Risk Team before proceeding to account verification and funding.
Bonuses in Funding Pips
This platform offers several attractive bonuses to incentivize and reward successful traders:
- Account Doubling: Traders who reach the Hotseat level see their account balance doubled.
- Increased Profit Split: Hotseat traders enjoy a 100% profit split.
- Capital Access: Up to $2 million in trading capital is available at the Hotseat level.
- Monthly Bonuses: Hotseat users receive monthly bonuses based on their initial account size.
Available Trading Platforms
Currently, Funding Pips offers three trading platforms for traders. We will introduce each one in the list below:
- Match-Trader: web-based platform, offers demo account
- TradeLocker: Based on TradingView, offers mostly the same options and tools
- cTrader: Advanced platform with more tools, suitable for more experienced traders
Trading Instruments and Symbols
Funding Pips provides traders with a diverse range of tradable instruments, catering to various trading styles and preferences. Here's an overview of the available asset classes:
- Forex
- Metals
- Cryptocurrencies
- Indices
- Energies
Payment Options: How Can I Withdraw My Profit?
Funding Pips broker offers a straightforward process for withdrawing profits. Here's some tips regarding this section:
- Weekly Payouts: Funded traders can request withdrawals once per week.
- Minimum Withdrawal: minimum amount is 1% of the initial balance including the platform's split
- Payment Methods: Withdrawals are processed via bank transfer, e-wallets, or crypto wallets (specific options may vary).
- Processing Time: Most withdrawals are processed within 1-3 business days.
- Profit Split: Traders receive their share of profits based on their current level
For Hotseat traders, on-demand payouts are available, allowing for even greater flexibility in managing their earnings.
Fees Overview
Funding Pips aims to keep costs low for traders. Here's a breakdown of the main fees:
- Challenge Fees: Starting from $36 for a $5,000 account (one-time fee)
- Trading Commissions: $2 per round lot for Forex, Metals, and energy sources (other instruments commission-free)
- Spreads: RAW spreads provided, typically very competitive
- Withdrawal Fees: No fees charged by Funding Pips (bank or e-wallet fees may apply)
- Account Maintenance: No monthly or inactivity fees
It's worth noting that the initial challenge fee is refunded after a trader has completed the evaluation step(s) and has achieved four successful payouts from their funded account.
Education Materials
While this platform primarily focuses on providing capital to skilled traders, they do offer some educational resources:
- Comprehensive FAQ section covering trading rules and platform usage
- Blog with some limited articles
- YouTube channel with webinars and educational videos
- Customer support team available to answer trading-related questions
However, traders looking for extensive educational content may need to supplement with external resources.
Trust Scores and Ratings
Funding Pips broker has garnered generally positive reviews from the trading community. This platform has obtained a high score of 4.5 out of 5 based on over 11,000 reviews from the users of Trustpilot, a solid review platform. A summary of users' feedbacks:
- Positive Feedback: user friendly dashboard, responsive customer support, transparent rules
- Critical Feedback: Occasional rule changes, slippage on some hours, news trading restrictions
While 8% of Trustpilot reviews are 1-star, the overwhelming majority of traders report positive experiences with Funding Pips.
Support Contact Options
Funding Pips offers multiple channels for customer support:
- Email: [support@fundingpips.com]
- Live Chat: Available on the website
- Help Center: Comprehensive FAQ and knowledge base
- Social Media: Active presence on Facebook, X, and Instagram
Social Media Channels
Stay connected with Funding Pips through their social media presence. Updates and events regarding this platform will be posted on these channels:
- Facebook: @FundingPipscom
- X (formerly Twitter): @FundingPips
- Instagram: @fundingpips
- YouTube: Funding Pips Channel
- Discord: Fundingpips
Expert Suggestions
Funding Pips broker is one of the newer prop firms in the financial world headquartered in the UAE. You may be surprised, but this firm does not serve the UAE and Vietnam. If you plan to use its $100,000 account, you will need to pay at least a $349 initial challenge fee. In this prop firm, you can trade and earn more profit without a time limit and for as long as you want.
