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
- Evaluation Stage
- Meet profit targets within loss limits.
- 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.