Funding Pips Review
Funding Pips is a Dubai-based proprietary trading firm offering flexible evaluation programs, high-profit splits, and a comprehensive scaling plan for traders to manage up to $2 million in capital.
Funding Pips Review
Summary
Funding Pips is a promising proprietary trading firm that offers a diverse range of evaluation programs and instant funding options, catering to traders of various skill levels and risk appetites. The firm’s key strengths lie in its competitive pricing structure, high-profit splits of up to 100% for top performers, and the potential for traders to scale their accounts up to $2 million in trading capital.
Traders can choose from one-step, two-step, and three-step evaluation programs, each with different profit targets and risk management parameters. The firm also offers the FundingPipsX program, an instant funding option for experienced traders looking to bypass the evaluation process.
Funding Pips supports a variety of trading platforms, including Match-Trader, cTrader, and TradeLocker, providing traders with flexibility and choice. The firm allows the use of EAs, trading during news events, and holding positions over weekends, giving traders the freedom to implement their preferred strategies.
While the firm has strict risk management rules in place, such as maximum daily and overall loss limits, these parameters are designed to protect both the trader and the firm from excessive losses. The evaluation process can be challenging, but it ensures that only skilled and disciplined traders are granted funded accounts.
To support its traders, Funding Pips provides a comprehensive dashboard with real-time data and insights. It is compatible with popular trading platforms and offers 24/7 customer support through various channels, including live chat, email, and an AI bot. Additionally, traders can access a VIP chat channel on Discord to communicate directly with the Funding Pips team.
Funding Pips has received generally positive reviews from users, with a 4-star rating on Trustpilot from over 13,000 reviews. However, as with any prop trading firm, individual experiences may vary, and traders should carefully consider their own trading style and risk tolerance before applying.
Let’s dive deeper into the features and offerings of Funding Pips to better understand how this firm can support and empower traders on their journey to success.
Funding Pips Review
Programs
Funding Pips offers a structured and comprehensive evaluation process designed to assess traders’ skills and consistency. Their programs are divided into different stages and account sizes, providing flexibility and opportunities for traders to progress based on their performance.
One-step Evaluation
The one-step evaluation is designed for traders who prefer a straightforward approach. This program requires traders to achieve a 10% profit target ($10,000 for a $100K account), with a maximum daily loss of 4% and a maximum overall loss of 6%. Traders have the freedom to trade without a time limit, ensuring a stress-free environment to meet their goals. The minimum trading days required is 3, and traders have access to 1:50 leverage. Pricing for this evaluation is structured to accommodate various account sizes:
- $5K for $99
- $10K for $199
- $25K for $299
- $50K for $399
- $100K for $499.
Two-step Evaluation
In the two-step evaluation, traders progress through two phases: the Student and Practitioner stages. This program is tailored to gradually test a trader’s abilities, with specific profit targets and risk parameters at each stage. In the Student Phase, traders must aim for an 8% profit while keeping their daily losses below 5% and their overall losses below 10%. They have an unlimited trading period but must trade for a minimum of 3 days. In the Practitioner Phase, the profit target is reduced to 5%, with the same risk parameters as the Student phase. The trading period remains unlimited, and the minimum trading days requirement is 3.
Traders have access to 1:100 leverage during both phases. Upon successful completion, they advance to the Master stage, where they manage a funded account with flexible payout options and a profit split of up to 100%. Pricing is as follows: $5K for $59, $10K for $119, $25K for $179, $50K for $239, and $100K for $299.
Three-step Evaluation
The three-step evaluation involves an additional phase, providing an even more rigorous assessment of a trader’s skills. The stages include the Student, Practitioner, and Senior phases, each requiring a 5% profit target with a maximum daily loss of 4% and a maximum overall loss of 6%. Traders operate with leverage of 1:50 and have unlimited trading periods with a minimum of 3 trading days per phase. Successful completion leads to the Master stage with Tuesday payouts. Account sizes and prices include $10K for $59, $25K for $239, $50K for $319, and $100K for $399.
The FundingPipsX Evaluation
The FundingPipsX program is a two-stage evaluation process designed for traders seeking a more direct path to funded trading. It consists of the Student and Practitioner phases, offering unlimited trading days with a minimum of 3 trading days required. In both phases, traders must adhere to a maximum daily loss of 4% and a maximum overall loss of 8% while maintaining a consistency score of 45%. The profit targets are set at 10% for the Student phase and 8% for the Practitioner phase. Upon successful completion, traders advance to the funded Master stage, where they continue to operate under the same risk parameters but without a specific profit target. Throughout all stages, traders have access to 1:50 leverage. In the funded stage, traders benefit from on-demand payouts and profit splits, providing flexibility and potential for significant earnings Pricing for FundingPipsX is set at $5K for $59, $10K for $119, $25K for $179, $50K for $239, and $100K for $299.
Funding Pips Review
Conditions
Funding Pips sets specific conditions to ensure traders maintain discipline and manage risk effectively. Here’s a breakdown of the key conditions..
Drawdowns
Funding Pips enforces strict drawdown rules to ensure disciplined trading. The Maximum Daily Loss Limit is set at 4% of your starting equity or balance each day, and it resets at 00:00 CE(S)T/server time daily. This limit is calculated based on the higher value between equity and balance, including any floating PnL. Additionally, the Maximum Loss Limit is set at 6% of the initial account size. For instance, if you start with a $100,000 account, your equity or balance must not fall below $94,000 at any point.
Trading Days
Traders at Funding Pips enjoy flexibility with no maximum trading days imposed. However, during the Student phase of the evaluation, you must complete a minimum of 3 trading days. This allows you to trade at your own pace without the pressure of a time limit, providing the freedom to focus on achieving your profit targets.
Trading Strategies
Funding Pips allows a variety of trading strategies, offering traders the freedom to use Expert Advisors (EAs), hold trades over weekends, and trade during news events. However, certain practices are prohibited, such as gap trading, high-frequency trading, hedging, and various forms of arbitrage (e.g., latency, reverse). Additionally, server spamming and toxic trading flows are not allowed. Copy trading and third-party account management are also prohibited, and violating these rules can lead to account termination.
Scaling Plan
Funding Pips’ scaling plan rewards traders as they advance through four levels: Launchpad, Ascender, Trailblazer, and Hot Seat. Starting as a Novice Trader, you can earn a 20% capital increase and a 1% drawdown boost after achieving 10% profit and four payouts. As you progress to Intermediate and Advanced levels, your capital increases by 30% and 40%, respectively, with further drawdown enhancements. Reaching the Elite Trader Hot Seat status after 40% profit and sixteen payouts unlocks benefits like doubling your initial balance, a 100% profit split, access to up to $2 million in capital, and monthly bonuses based on your initial account size.
Refund Policy
Funding Pips offers a refund policy for traders who successfully complete the evaluation phases and reach the funded (Master) stage. These traders are eligible for a refund of their evaluation fees, which is processed with their 4th payout. This policy underscores Funding Pips’ commitment to supporting traders who demonstrate the skills and discipline required to succeed.
News Trading
In the funded (Master) stage, specific rules apply to news trading. Profits from trades opened or closed within 5 minutes before or after high-impact news events won’t be counted unless the trade was initiated at least 5 hours prior. This restriction applies to all forms of trade execution, including manual and automated orders. These rules are designed to prevent exploitation of market volatility during news events while still accommodating strategic trading.
Additional Conditions
In the funded (Master) stage, there’s a soft daily limit of 10 lots. Exceeding this limit will result in the closure of open trades and prevent new trades until the next day, but it won’t lead to account termination. This rule is intended to encourage responsible trading practices while providing flexibility for traders to operate within defined risk parameters.
Prop Firm Review
Features
| Maximum capital | $100,000 |
| Profit split | Up to 100% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:100 |
Dashboard
Funding Pips provides traders with a comprehensive dashboard that offers real-time data and insights to help manage their accounts effectively. This user-friendly interface allows traders to monitor their performance, track their progress through evaluation stages, and make informed trading decisions.
Platforms Offered
Funding Pips provides traders with access to multiple modern and user-friendly trading platforms, catering to different preferences and trading styles. The main platforms offered are:
- Match-Trader: This platform was recently integrated into Funding Pips’ offerings. It’s known for its user-friendly interface and efficient execution, suitable for both manual and algorithmic trading. Match-Trader also allows for the migration of trading account histories from MT5 accounts, ensuring continuity for traders.
- cTrader: Known for its advanced charting tools and direct market access, cTrader provides traders with a customizable trading environment and robust support for automated strategies. It’s available on desktop, web, and mobile devices, offering flexibility for traders on the go.
- TradeLocker: This platform is notable for its TradingView integration, providing traders with advanced charting capabilities and a range of useful functions.
All these platforms are available for both mobile and desktop devices, ensuring that traders can access their accounts and execute trades from anywhere. The mobile apps are compatible with both Android and iOS devices, while desktop applications are available for Windows and Mac operating systems.
Funding Pips also offers web-based versions of these platforms, allowing traders to access their accounts directly from a web browser without the need for downloads.
It’s worth noting that while Funding Pips previously used MetaTrader 5 (MT5), recent industry changes have led to a shift away from this platform. However, the firm is actively working on reintroducing MT5 in the future, along with potentially adding other platforms like DXtrade.
The variety of platforms offered by Funding Pips demonstrates their commitment to providing traders with flexible and powerful tools to suit different trading preferences and strategies.
Support Offered
Funding Pips is committed to providing robust support to its traders. They offer multiple channels for assistance, including live chat, social media reach, and email support. Additionally, they have a Discord channel where traders can engage with the community and seek advice or share insights with peers.
Payouts and Profit Splits
Funding Pips offers flexible payout options. Traders can request payouts on a 5-trading-day basis with an 80% profit split. Once a trader earns a “Hot Seat” status, they can enjoy on-demand payouts with a 100% profit split. Payouts are processed through bank transfers and cryptocurrency, offering convenience and flexibility.
Leverage
Funding Pips offers different leverage options based on the evaluation program, regardless of the account size. For the two-step evaluation program, traders receive a leverage of 1:100, providing them with increased trading flexibility. Meanwhile, the one-step and three-step evaluation programs offer leverage of 1:50, promoting a more conservative risk management approach. This setup allows traders to choose a program that best fits their trading strategy and risk preference while ensuring consistent leverage terms across all account sizes within each program.
Weekend Trading
Another standout feature of Funding Pips is the ability to hold trades over weekends. This is a significant advantage for traders looking to capitalize on weekend market movements, which are often unavailable with other prop firms. By allowing weekend trading, Funding Pips enables traders to take advantage of potential opportunities and implement longer-term strategies.
Zero Slippage Policy
Funding Pips boasts a zero-slippage policy, ensuring that traders receive execution at their intended price levels. This feature is particularly valuable in fast-moving markets, where slippage can significantly impact trading outcomes. By eliminating slippage, Funding Pips provides traders with greater control over their trades and helps to minimize unexpected losses.
Funding Pips Review
Conclusion
In conclusion, Funding Pips is a solid choice for traders looking to grow their skills and manage funded accounts. The flexibility in evaluation programs and account sizes, along with access to popular trading platforms, are definite strengths. The generous profit splits and scaling opportunities sweeten the deal further. However, it’s crucial to stay on top of the trading rules and drawdown limits to avoid any setbacks. Overall, if you’re disciplined and ready to take your trading to the next level, Funding Pips offers a promising platform to do just that.
Funding Pips Review
