Funding Pips Review
4.3

Funding Pips Review

Funding Pips is a forex prop firm with an attractive Two-step challenge. They offer up to $100,000 in funding to traders.

Pros
  • Profit share up to 80%
  • Outstanding Trustpilot Rating
  • Generous Profit Sharing
  • Exceptional Support Team
  • Capital Scaling
  • Exceptional trader support
  • Partners with a reputable, regulated broker
  • Weekly payout system for convenient withdrawals
  • No trading restrictions for customers
  • Competitive pricing online
Cons
  • No free trial is offered on the platform
  • Relatively new in the forex market
  • Mixed customer reviews with concerns

What is Funding Pips?

Logo of Funding Pips

Funding Pips, headquartered in Dubai, United Arab Emirates, entered the trading scene on August 25, 2022. Their primary focus is to provide traders, particularly those facing capital limitations, with access to substantial funding, reaching up to $2,000,000. Teaming up with Black Bull Markets as their broker, Funding Pips offers an attractive profit-sharing arrangement, spanning from 80% to 90%.

Situated at IFZA Business Park, Premises NO. 19448-001, Dubai, United Arab Emirates, Funding Pips has set its corporate roots in a prime location.

The company’s mission is to deliver exceptional services to its clientele. They take pride in their team of highly proficient and seasoned professionals who are wholeheartedly committed to achieving results that surpass expectations. With an unwavering focus on innovation and a dedication to excellence, Funding Pips aspires to be at the forefront of funding services for traders worldwide.

Funding Pips is among the emerging proprietary trading firms in the forex market, allowing traders to trade with their capital. They offer a diverse array of funded accounts, enabling traders to select options that best suit their preferences.

Furthermore, the firm equips traders with a variety of trading instruments, encompassing commonly traded assets like forex pairs and cryptocurrencies, among others.

Affordability is a hallmark of Funding Pips, allowing traders to acquire a funded account for as little as $32. The key to success within the program lies in adhering to the established trading rules and achieving the specified profit targets.

Sustained profitability in your trading account can open the door to participation in their scaling plan. Through this plan, your account balance can grow to 20% of the original balance, offering a valuable incentive for consistent performance.

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Owner/Founder Of Funding Pips:

At the helm of Funding Pips, the proprietary trading firm, is Khaled Ayesh, a dynamic and youthful entrepreneur at the age of 28. As the CEO and owner, he is a central figure in the company’s operations. Khaled has garnered a reputation for excellence, not only within the organization but also for his prowess as a highly skilled gold trader. His accomplishments transcend his career and extend into his personal life, making him a noteworthy success story in both professional and personal spheres.

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Funding Pips Funding Programs and Challenges: Rules and Requirements 

Funding Pips Evaluation Program Accounts

Funding Pips offers diverse evaluation program accounts with varying sizes and prices, each designed to identify talented and consistent traders.

Evaluation Program Structure

  • Leverage: Trade with 1:100 leverage
  • Account Sizes and Prices:
    • $5,000 – $32
    • $10,000 – $60
    • $25,000 – $139
    • $50,000 – $239
    • $100,000 – $399

Evaluation Phases

  • Phase One:
    • Objective: Reach an 8% profit target.
    • Limits: Stay within a 5% maximum daily loss and 10% maximum loss.
    • Time Requirements: No minimum or maximum trading day requirements.
  • Phase Two:
    • Objective: Reach a 5% profit target.
    • Limits: Same as Phase One.
    • Time Requirements: No minimum or maximum trading day requirements.

Payouts and Profit Split

  • Funded Account: Achieved after completing both evaluation phases.
  • Withdrawals: Minimum of 1% of the initial account balance.
  • Payout Frequency: Initial payout after 5 days; subsequent payouts every 5 days.
  • Profit Split: Ranges from 80% to 90%, based on funded account profits.

Evaluation Program Scaling Plan

  • Increases: Based on successful payouts and total profit.
  • Drawdown Increases: Daily and maximum drawdown increase with successful scaling.

Example Scaling Milestones:

  • After 4 Payouts (10% Total Profit):
    • Qualify for a 20% account increase; maximum drawdown increases to 11%.
  • After 8 Payouts (20% Total Profit):
    • Qualify for a 30% account increase; daily drawdown increases to 6%, maximum drawdown to 12%.
  • After 12 Payouts (30% Total Profit):
    • Qualify for a 40% account increase; maximum drawdown increases to 13%.
  • After 16 Payouts (40% Total Profit):
    • Qualify for the Hot Seat with unique benefits.

Hot Seat Benefits

  • Double initial account balance
  • Personal support and advanced trading tools
  • On-demand payouts
  • Increased profit split to 90%
  • Potential access to $2,000,000 by scaling
  • Customized trading conditions
  • Monthly bonuses

Monthly Bonuses (Hot Seat Status)

  • $5,000 – $100
  • $10,000 – $200
  • $25,000 – $300
  • $50,000 – $400
  • $100,000 – $500

Trading Instruments:

  • Available Instruments: Forex pairs, commodities, indices, and cryptocurrencies.

Evaluation Program Account Rules:

  • Profit Target: 8% for Phase One, 5% for Phase Two; no targets for funded accounts.
  • Maximum Daily Loss: 5% for all account sizes (increases to 7% when scaling).
  • Maximum Loss: 10% for all account sizes (increases to 14% when scaling).
  • No Hedging Allowed: Hedging strategies are not permitted.
  • Third-Party Copy Trading and EA Risk: Caution regarding potential denial of funded account/withdrawal if exceeding maximum capital allocation rule.

Funding Pips Broker: Do They Use a Reliable Platform?

Funding Pips operates on the MetaTrader 5 platform and executes trades through the regulated Black Bull Group Limited, a trusted broker. This commitment to regulation and reliability underscores their dedication to providing a secure and efficient trading environment for their clients.

Funding Pips has selected BlackBull Markets as its trusted broker, forming a strategic partnership that is instrumental in its operations.

BlackBull Markets, in its own right, is dedicated to providing clients with a superlative trading experience. They achieve this by harnessing state-of-the-art trading technology and delivering exceptional customer service. Their main goal is to give clients access to a huge number of markets so they can diversify their investment portfolios in ways that are not possible with traditional investment platforms.

In terms of trading platforms, BlackBull Markets allows traders to engage with financial markets using the MetaTrader 5 platform. This platform is renowned for its robust features and tools, making it a preferred choice for traders looking to execute their strategies effectively. The partnership with BlackBull Markets underscores Funding Pips’ commitment to offering its clients a secure and technologically advanced trading environment.

Funding Pips Fees: How Much Do They Charge?

Funding Pips Proof of Payment:

Funding Pips was officially incorporated on August 25, 2022, marking the inception of this emerging trading entity. Since its founding, Funding Pips has developed a reputable reputation for enabling traders to access capital for their trading endeavors. The abundance of payment proofs from traders who have successfully secured funding and received profit splits from the company further supports their credibility.

For traders engaged with Funding Pips, the process of requesting a payout is straightforward. After the first executed trade on a funded account, you become eligible to initiate a payout request. The profit-sharing structure is enticing, offering a substantial profit split ranging from 80% to 90%. Furthermore, if you find yourself without profits at the time of withdrawal or prefer to retain your profits in the trading account, this flexibility is accommodated. You have the liberty to request a payout at your convenience.

A noteworthy aspect of Funding Pips’ service is the swiftness with which they process payouts. On average, the company processes withdrawal requests within just three hours after they are submitted, ensuring that traders can access their funds promptly.

For traders seeking tangible evidence of Funding Pips’ commitment to fulfilling their payout promises, there are multiple sources of payment proof available. Their official YouTube channel showcases interviews with funded traders who share their experiences and provide tangible proof of successful payouts. Additionally, the Funding Pips Discord channel offers a dedicated section labeled “payout-proof.” Here, you can find certificates awarded to individuals who have met the criteria for profit splits, further substantiating the company’s commitment to transparency and fulfilling its financial commitments to its traders.

Funding Pips Customer Support: 

Funding Pips maintains an active presence on various social media platforms, enhancing its accessibility to traders and potential participants.

You can find Funding Pips on the following platforms:

  1. Facebook
  2. Instagram
  3. YouTube
  4. Twitter
  5. Discord

Engaging with Funding Pips on these social media channels offers a convenient way to stay updated on the latest developments, market insights, and community interactions. These platforms provide an avenue for traders to connect, share experiences, and receive real-time updates from the company.

For those seeking specific information about Funding Pips and the rules governing participation in their evaluation program, the company offers a comprehensive FAQ page. This FAQ page serves as a valuable resource, addressing common queries and providing essential insights into the company’s operations and requirements.

In addition to the FAQ page, Funding Pips maintains an accessible support team. They are readily available through their social media channels, offering timely assistance and addressing inquiries or concerns. For more direct and personalized assistance, you can also reach out to the support team via email at support@fundingpips.com. This multi-faceted approach to support and communication underscores Funding Pips’ commitment to ensuring that traders have the resources and assistance they need for a seamless experience with the company.

What makes Funding Pips unique?

Funding Pips distinguishes itself from many industry-leading proprietary trading firms by offering traders significant flexibility in their trading style. Unlike most competitors, Funding Pips imposes minimal restrictions on how traders operate. Traders are free to engage in trading activities during news events, hold positions overnight, and even trade over the weekends. However, it’s important to note that the firm strictly prohibits any form of hedging strategies.

In contrast to the approaches taken by other proprietary trading firms, Funding Pips has devised a unique two-phase evaluation program. This program mandates traders to successfully navigate through both phases before becoming eligible for payouts. In phase one, traders are required to achieve a profit target of 8%, and in phase two, this target is reduced to 5%. Throughout both phases, traders must adhere to a 5% maximum daily loss and a 10% maximum loss.

An interesting aspect of the Funding Pips evaluation program is the absence of set minimum or maximum trading day requirements during both phases. This flexibility allows traders to adapt their trading activities based on market conditions without being constrained by rigid time limitations.

Furthermore, Funding Pips distinguishes itself from its industry peers through the inclusion of a scaling plan within its evaluation programs. This plan offers traders the opportunity to increase their account size and drawdown limits based on the number of successful payouts and the total profits achieved. This scaling plan stands out for its low-profit targets, absence of minimum or maximum trading day requirements, and the straightforward nature of the trading rules, setting it apart from other proprietary trading firms in the industry.

Funding Pips Reviews: What Do Their Customers Say?

Trustpilot:

On Trustpilot, Funding Pips has 4.8 stars out of 5 stars, and a total of 1,285 customers reviewed them there. They are a verified company on Trustpilot. The company is in an excellent state on this platform.

Funding Pips reviews on Trustpilot

Customer Responses on Various Rating Websites:

#1. Mattia Mondino shares his experience, saying, “Hello everyone. I took on the first challenge of 100k this morning, opening a position of 33.5 lots on EURUSD with a stop loss of 10 pips, which is 3.3% of the account. Unfortunately, it hit my stop, resulting in a loss of -$3500, but their system triggered a stop-out due to a -5.2% drawdown. This prop firm seems fraudulent, so my advice is to steer clear. I reached out to their team, but they didn’t provide a solution, claiming that the system didn’t make a mistake. It’s unbelievable! I strongly urge everyone to avoid this untrustworthy prop firm, as it appears to be a scam.”

Funding Pips complaints on Trustpilot

#2. Nattawut Tanawongwiboon reports that since the server change, the spread for GBPJPY has widened from 1 pip to 2-5 pips. Additionally, they have experienced slippage issues even when there are no news events.

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#3. A customer who used to be a fan of Funding Pipes expressed their disappointment with recent updates. They mentioned that slippage on positions has become a significant issue, despite the company’s advertising claiming no slippage. The problem occurs even during non-news events. The customer requested that this issue be resolved, indicating that they would return if the slippage problem is fixed.

Funding Pips reviews and complaints

#4. Nelson Tiani admits to his mistake of initially underpaying a $10,000 prop firm without factoring in the charges. Frustration started to set in as he struggled to settle the balance. However, after sending an email to their support system, he was pleasantly surprised to receive a solution to his problem in less than three hours.

#5. Davide is thrilled with the exceptional service he received from his first payout at the company. They were remarkably efficient and supportive. The only area that could use improvement is the live chat, but the excellent Discord support and the quick email responses from the team help to mitigate this somewhat. Davide expresses his gratitude to Funding Pips.

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Wrapping it up:

Funding Pips presents an intriguing opportunity for traders seeking funding and offers an array of funded accounts with flexible terms. While customer reviews highlight positive experiences, there are also concerns about slippage and server-related issues that should be considered. Traders are advised to thoroughly evaluate the platform’s suitability for their trading needs and risk tolerance.

Funding Pips Review Details

Trading Platforms
Deposit Methods
Withdrawal Methods
Account Currencies
Trading Programs
Incorporation

Account size up to:
$2,000,000
Profit Split Up to 80%
*Choose your account type and start trading

4.0
Fees
4.0
Trading Platforms
5.0
Deposit and Withdrawal
4.0
Customer Support
4.3 Overall Rating

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Funding Pips Review
4.3/5
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