Liquidity Provider / Own Broker

Funding Pips

Funding Pips stands out by offering traders an opportunity to progress through multiple career stages (Student - Practitioner - Senior - Master) using their in-house evaluation models. 

They allow traders to hold positions during news events and over weekends, with flexible trading rules and no time limits on trading days. 

Their unique Scaling Plan increases account size and loss limits, and they offer significant profit splits and on-demand payouts for advanced traders.

### Legal Company Name

Funding Pips

### Company Address

Based in the United Arab Emirates, most likely Premises NO. 19948-001, IFZA Business Park, DDP, Dubai, UAE

### Year of Establishment

November 2022

### Place of Company Registration

United Arab Emirates

### Company Owners

CEO: Khaled Ayesh

## Trading Platforms Offered

- Match Trader
- cTrader
- TradeLocker / TradingView

## Trading Instruments Available

- Forex
- Crypto
- Indices
- Metals
- Energies

## Payment Methods Available

- Cryptocurrencies
- Rise
- Credit cards (must be registered under the trader's name)

## Range of Account Sizes Offered

- $5,000 to $100,000

## Profit Split Structure

- 80% profit split during evaluation
- 90% profit split once a trader earns a 'Hot Seat'

## Profit Targets for Each Challenge Phase

- 1-Step: 12%
- 2-Step: 8% and 5%
- 3-Step: 8%, 5%, and 5%

## Maximum Daily and Total Loss Limits

- Evaluation: 4% daily, 6% total
- Funded (1-Step): 4% daily, 6% total
- Funded (2-Step): 5% daily, 10% total
- Funded (3-Step): 4% daily, 6% total

## Minimum and Maximum Trading Day Requirements

- Evaluation: 0 days minimum, unlimited maximum
- Funded: Unlimited

## Overview of Challenges and General Rules

Funding Pips offers 1, 2, and 3-step challenges with various profit targets and loss limits. Traders have unlimited trading days and can use significant leverage.

### Challenge Steps

1. Evaluation Stage
    - Meet profit targets within loss limits.
2. Funded Stage
    - Continue trading with adjusted leverage and loss limits.

### Pricing/Costs to Start Challenges

- $59 USD for a 5k balance account (one-step challenge)
- $500 USD for a 100k balance account (one-step challenge)

### Fees & Commissions

- Forex and Metals: $2 per lot
- Crypto, Indices, and Oil: Commission-free

### Refundable Fees Details

- Upon successfully completing your evaluation phases and having four payouts from your Funding Pips master account, you will be entitled to a refund of your initial registration fee.
- This refund will be processed with your fourth payout. Additionally, you can choose to receive a refund or opt for a new account of the same size.

### Free Trial Availability and Details

- Since the evaluation has no time limit, there is no free retry. Traders can take all the time they need to reach their profit target, eliminating the need for stress or rushing.

### Payout Frequency

- Eligible to request payout every Tuesday
- Payout period: Same day to 4 trading days
- On-demand payouts for 'Hot Seat' traders

### Leverage

- 1:50 for 1-Step & 3-Step Models
- 1:100 for 2-Step Model
- Different leverage for various instruments:
    - Forex: 1:100 (2-Step), 1:50 (1-Step & 3-Step)
    - Metals: 1:30
    - Indices: 1:20
    - Energies: 1:10
    - Crypto: 1:2

### Consistency Rule

Daily lot size limit for Master account in 1-Step and 3-Step models, which is a soft breach if exceeded.

### Commission per Lot

- $2 per standard lot round turn for Forex and Metals
- Crypto, Indices, and Oil are commission-free

## Customer Support Options and Details

Contact email: support@fundingpips.com

## Trustpilot Reviews

### Positive

- **Responsive CEO:** The CEO actively interacts with traders and resolves their queries.
- **Quick Recovery:** Quickly bounced back after an attack from MetaQuotes, introducing three new brokers within a week.
- **Timely Payouts:** Improved payout system, with payments processed within 30 hours and no trading interruptions during processing.
- **Customer Support:** Outstanding customer support that thoroughly addresses and resolves issues.
- **Transparency:** Promises kept regarding payments and services, leading to trust and satisfaction among traders.

### Negative

- **Delayed Payout Interviews:** Risk assessment interviews scheduled up to a month later, causing significant delays in payouts.
- **Order Issues:** Instances of orders being activated and disappearing, raising concerns about order management.
- **Complicated Withdrawal Process:** Withdrawal process can be complex, with trading halted during payout processing.
- **Payout Policy Changes:** Frequent changes in payout policies and schedules, leading to uncertainty and frustration.
- **Minimum Withdrawal Limits:** High minimum withdrawal limits for crypto, which might not be convenient for all traders.

### Frequently Asked Questions

- **Which instrument can I trade?**
    - Forex, Crypto, Indices, Metals, and Energies with RAW spreads. Specific leverage varies by instrument and model.
- **Leverage for the 2-Step Model:**
    - Forex: 1:100
    - Metals: 1:30
    - Indices: 1:20
    - Energies: 1:10
    - Crypto: 1:2
- **Leverage for the 1-Step & 3-Step Model:**
    - Forex: 1:50
    - Metals: 1:20
    - Indices: 1:20
    - Energies: 1:10
    - Crypto: 1:2
- **Lot size restrictions:**
    - No restrictions on the number of lots; however, there is a 20 lot limit per trade click.

Finish your order for

Funding Pips - 10K - 3 Steps - 80%