Funding Pips Review (discount code: FOREXPROPREVIEWS)

Funding Pips believes that traders progress through three key stages in their professional journey: Student, Practitioner, and Master. To evaluate trading talents and provide support in overcoming funding challenges, they have developed a two-phase evaluation process followed by a funded phase. This unique approach offers traders the opportunity to trade with significant amounts of capital, enabling them to pursue their trading goals.

Who are Funding Pips?

Funding Pips is a newer prop trading firm based in Dubai, United Arab Emirates. They were incorporated on the 25th of August, 2022, and are offering undercapitalized traders up to $2,000,000 in funding with a profit split of 80% up to 90% while being partnered with Black Bull Markets as their broker.

Their official office address is IFZA Business Park, Premises NO. 19448-001, Dubai, United Arab.

Who is the CEO of Funding Pips?

Khaled Ayesh is the CEO of Funding Pips. Note that we will be adding more information about their CEO in the future. Stay tuned!

Video Review

Funding program options

Funding Pips offers its traders the following evaluation program accounts to choose from.

Evaluation program accounts

Funding Pips evaluation program account aims to identify serious and talented traders who are rewarded for their consistency in the two-phase evaluation period. The evaluation program account allows you to trade with 1:100 leverage.

Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase one. In order to proceed to phase two, you are only required to reach the 8% profit target without breaching the maximum daily or maximum loss limit rules.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase two. In order to proceed to funded status, you are only required to reach the 5% profit target without breaching the maximum daily or maximum loss limit rules.

By completing both evaluation phases, you are awarded a funded account where you have a minimum withdrawal amount of 1% of the initial account balance. You are only required to respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout is 5 calendar days from the day you place your first position on your funded account, while all the following payouts are also on a 5-day basis. Your profit split will be 80% up to 90% based on the profit you make on your funded account.

Evaluation program account scaling plan

Evaluation program accounts also have a scaling plan. You will receive an account increase as well as daily and maximum drawdown increases based on the number of payouts you successfully qualify for and based on the profit that you secured while funded.

Example:

After 4 successful payouts and a 10% total profit, you will qualify for a 20% increase based on the initial account balance. Maximum drawdown increases to 11%.

After 8 successful payouts and a 20% total profit, you will qualify for a 30% increase based on the initial account balance. Daily drawdown increases to 6%, and maximum drawdown increases to 12%.

After 12 successful payouts and a 30% total profit, you will qualify for a 40% increase based on the initial account balance. Maximum drawdown increases to 13%.

After 16 successful payouts and a 40% total profit, you will qualify for the Hot Seat, which will provide you with an array of unique benefits:

• Double the initial account balance
• Personal support and access to advanced trading tools
• Access to on-demand payouts
• Increased profit split to 90%
• Potential access to up to $2,000,000 by successfully scaling your account numerous times
• Customized trading conditions tailored precisely to your unique trading style
• Daily drawdown increases to 7%
• Maximum drawdown increases to 14%
• Monthly bonuses (can be seen in the spreadsheet below)

Trading instruments for the evaluation program accounts are forex pairs, commodities, indices, and cryptocurrencies.

Evaluation program account rules

• Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 8% while phase 2 has a profit target of 5%. Funded accounts have no profit targets.
• Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%. (Up to 7% once you start scaling.)
• Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 10%. (Up to 14% once you start scaling.)
• No hedging allowed means that traders are not allowed to use any type of hedging strategy while trading.
• Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
• Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

What makes Funding Pips different from any other prop firm? 

Funding Pips is different from most of the industry-leading prop firms due to almost never regulating your trading style. You can trade during news, hold trades overnight, and during the weekends. However, any type of hedging is prohibited.

Compared to other prop firms, the Funding Pips evaluation program is a two-phase evaluation program that requires traders to complete two phases before being eligible for payouts. The profit target is 8% in phase one and 5% in phase two, with a 5% maximum daily and 10% maximum loss rules. Note that you have no minimum or maximum trading day requirements during both evaluation phases. Evaluation programs also have a scaling plan. Compared to other industry-leading prop firms, they have low profit targets, no minimum or maximum trading day requirements, and straightforward trading rules to follow.

Example of comparison between Funding Pips & Finotive Funding:

Example of comparison between Funding Pips & FundedNext:

Example of comparison between Funding Pips & E8 Funding:

In conclusion, Funding Pips is different from most of the industry-leading prop firms due to almost never regulating your trading style. You can trade during news, hold trades overnight, and during the weekends. The only additional rule that you are required to respect is that any type of hedging is strictly prohibited.

Is getting Funding Pips capital realistic?

When looking at prop firms that best suit you and your forex trading style, it’s important to look at how realistic the trading requirements are. For example, a company offering a high % profit split on a highly funded account sounds great but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.

Receiving capital from the evaluation program accounts is realistic mostly since they have relatively low profit targets (8% in phase one and 5% in phase two) with above-average maximum loss rules (5% maximum daily and 10% maximum loss). You also have no minimum or maximum trading day requirements to complete both evaluation phases.

After considering all of that, Funding Pips is an excellent choice to get funded since evaluation program accounts that you can choose from all have realistic trading objectives to follow and conditions to receive payouts.

Payment proof

Funding Pips were incorporated on the 25th of August, 2022. That being said, we can find a lot of payment proof out there from their successfully funded traders who received their profit splits from the company.

You are eligible to request a payout after 5 days of the first executed trade on the funded account. You are entitled to a high 80% up to 90% profit split. If you don’t have any profits at the time of withdrawal or want to leave your profit on the account, that is possible, and you can request a payout whenever you want. The payouts are processed within 3 hours on average after the request has been submitted.

You can find payment proof from Funding Pips on their Youtube channel, where they interview their funded traders.

On their Discord channel, you can find the channel payout-proof, where you will find certificates that are rewarded to successful individuals who qualified for a profit split.

Which broker does Funding Pips use?

Funding Pips uses BlackBull Markets as its broker.

BlackBull Markets aims to deliver an exceptional trading experience to its clients by utilizing cutting-edge trading technology and offering exceptional customer service. Their goal is to grant clients access to a wide range of markets, allowing them to diversify their portfolios beyond the limitations of traditional investment platforms.

As for trading platforms, you are allowed to trade on MetaTrader 5.

Trading instruments

Funding Pips offers a large variety of trading Instruments. You are allowed to trade forex pairs, commodities, indices, and cryptocurrencies with up to 1:100 leverage.

Trading fees

Trading commission:

Spread:

In order to check the live spreads login to the trading account below:

Education & Support for traders

Funding Pips do not provide any additional educational programs.

However, Funding Pips provides traders with a well-structured trading dashboard where they can track their progress and view all trading objectives and important statistics while also making it easier to manage risk.

Traders’ Comments about Funding Pips

Funding Pips has excellent feedback from their reviews.

On Trustpilot, they have a large variety of their community commenting and giving positive feedback, with an excellent score of 4.8/5 out of 1,345 reviews. A vast majority of their community praises their well-structured trading dashboard, where they can track their progress while also making it easier to manage risk.

In addition, their community also praises their weekly payout cycle, allowing them to withdraw on a weekly basis while also being able to scale the account after every four profit splits.

Social media statistics

Funding Pips can also be found on social media.

They have:

• Facebook
• Instagram
• Youtube
• Twitter
• Discord

Support

Funding Pips have a FAQ page where you can find information regarding their company and the rules that you are required to follow while participating in their evaluation program.

The support team is available on their social media, while you can also directly contact them by emailing [email protected].

Conclusion

In conclusion, Funding Pips is a new legitimate proprietary trading firm that offers traders a chance to choose between different evaluation program account sizes.

Evaluation programs are an industry-standard two-phase evaluation challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits. Funding Pips requires traders to reach profit targets of 8% in phase one and 5% in phase two before becoming funded which are realistic trading objectives considering you have a 5% maximum daily and 10% maximum loss rules to follow. With evaluation programs, you can earn 80% up to 90% profit splits while also being able to scale your accounts.

I would recommend Funding Pips to anyone who is looking for a prop firm with straightforward trading rules. They are a new proprietary trading firm that offers excellent conditions for a big pool of individuals with unique trading styles. After considering everything Funding Pips has to offer, they are for sure an attractive option within the proprietary trading firm industry.

This review about Funding Pips was lastly updated on 02.11.2023 at 10:23 (CE(S)T).

So, what do you think about the layout of the Proprietary Trading firm? Does Funding Pips have the instruments that you want to trade?

Let us know if you enjoyed our Funding Pips Proprietary Trading firm review!