Funding Pips – Firm Review
- Transparent evaluation with exceptional payouts
- Swift account setup within minutes
- Market-leading commission structure and splits
- Tailored solutions for every trader
- Top-notch support with rapid response
Company Overview
Funding Pips is an innovative proprietary trading firm designed to help traders access significant capital without the substantial personal investment typically required in financial markets. Established with the vision of democratizing trading opportunities, Funding Pips offers a structured pathway for both novice and experienced traders to prove their skills through challenge programs and earn the right to manage larger capital accounts.
What distinguishes Funding Pips is their trader-centric approach, featuring flexible challenge structures, competitive profit splits, and a supportive ecosystem for trader development. Their two-phase evaluation processâconsisting of a Challenge Phase followed by a Verification Phaseâis designed to identify disciplined, consistent traders who can maintain profitability while adhering to risk management protocols. With various account sizes available ranging from $10,000 to $200,000, Funding Pips accommodates traders at different stages of their journey while providing the tools, platforms, and resources needed for success in today’s dynamic markets.
Key Features at a Glance
Challenge Fees
- Standard Challenge – One-time fee based on account size, starting from $99 for $10,000 accounts
- Professional Challenge – Higher one-time fee with more aggressive parameters for experienced traders
- Free Retake – One free retry if you fail the challenge, giving traders a second chance at success
- Discount Programs – Regular promotions and discounts available for bulk purchases and loyal customers
Account Types
- Standard Challenge: Balanced parameters suitable for most trading styles with reasonable profit targets and drawdown limits
- Professional Challenge: Faster funding path with more aggressive parameters for experienced traders with proven strategies
- Funded Account: Live trading accounts with real capital after successful completion of both challenge phases
- Scaling Account: Progressive capital increase program for consistently profitable funded traders
Profit Split Options
- Standard Split: 80/20 profit sharing model where traders keep 80% of profits generated
- Loyalty Increases: Profit share can increase up to 90/10 based on consistent performance and account longevity
- Scaling Profits: Enhanced profit splits available as account size grows through the scaling program
- Performance Bonuses: Additional profit share incentives for exceptional trading performance
Account Sizes
- $10,000: Entry-level account ideal for beginners with lowest challenge fee
- $25,000: Popular mid-tier option balancing affordability with meaningful capital
- $50,000: Intermediate account size preferred by experienced retail traders
- $100,000: Professional-level account for serious traders with proven strategies
- $200,000: Maximum account size offering substantial earning potential for elite traders
Trading Platforms
- MetaTrader 4: Industry-standard platform offering robust charting, indicators, and automated trading capabilities
- MetaTrader 5: Advanced next-generation platform with enhanced features and multi-asset class support
- cTrader: Intuitive platform with depth of market visibility and advanced execution technology
- TradingView Integration: Available for chart analysis and strategy development
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock market indices including S&P 500, NASDAQ, DAX, and more
- Commodities: Energy, precious metals, and agricultural products
- Cryptocurrencies: Major digital assets including Bitcoin, Ethereum, and other popular altcoins
- Stocks: Selected US and international equities available for trading
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 8% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 12% | 8% |
| Daily Drawdown | 6% | 6% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 8 days | 8 days |
Challenge Specifications
- Max Allocation: Up to $200,000 initial capital with scaling opportunities to reach $4,000,000 through consistent performance
- Scaling: 25% account growth after every 10% profit milestone, allowing traders to significantly increase their capital management
- Trading Competitions: Monthly contests with additional cash prizes and account upgrades for top-performing traders
- Free Trial: 7-day demo challenge available to experience the platform before committing to a paid challenge
- Profit Targets: Reasonable and achievable targets ranging from 5-12% depending on challenge type and phase
- Drawdown Structure:
- Daily: 5-6% maximum loss allowed in a single trading day
- Maximum: 10-12% total account drawdown limit from starting balance
- Trailing: Not implemented, drawdowns are calculated from initial balance not highest equity point
Trading Rules and Requirements
- No overnight weekend exposure allowed to avoid gap risk
- Maximum allowed holding time for positions is 5 days
- News trading is permitted but with reduced position sizes
- No hedging restrictions – can open both buy and sell positions simultaneously
- No minimum trading days required in funded accounts after passing the challenge
- Trading allowed during all market hours including Asian, European, and US sessions
- No restrictions on trading strategies except prohibited high-frequency algorithms
- Maximum leverage of 1:100 on Forex pairs and 1:20 on indices
- Weekend positions during challenge phases must be closed before market close on Friday
Company Information
- Established in 2019 with headquarters in London, UK
- Regulated under Financial Conduct Authority (FCA) guidelines
- Offers 24/7 customer support via live chat, email, and phone
- Active community of over 50,000 traders worldwide
- Educational resources including webinars, trading guides, and one-on-one coaching
- Partner program available for affiliates and introducing brokers
- Fast verification process typically completed within 24-48 hours
Payout Methods
- Bank Wire Transfer (3-5 business days)
- Bitcoin and other major cryptocurrencies (24-48 hours)
- PayPal (1-2 business days)
- Skrill (24-48 hours)
- Neteller (24-48 hours)
- Minimum payout amount of $100 with no maximum limit
- Bi-weekly payout schedule on the 1st and 15th of each month
Trading Commissions
- Forex pairs: $5 per standard lot round turn
- Indices: $2-$4 per standard lot depending on the specific index
- Commodities: $5-$7 per standard lot depending on the commodity
- Cryptocurrencies: 0.1% of position size
- No hidden fees or additional charges on funded accounts
- Spread markup of approximately 0.5 pips on major forex pairs
IP Rules
- Multiple traders from the same IP address are allowed with prior approval
- VPN usage is permitted but must be declared before starting the challenge
- Account sharing is strictly prohibited and will result in immediate termination
- Location changes must be notified to support at least 24 hours in advance
- Mobile trading from different locations is allowed without restriction
Video Review
Funding Pips Review
Comprehensive review of Funding Pips trading services
Unique Features
Trader Support
- Dedicated account managers for all funded traders
- Weekly market analysis and trading opportunity reports
- Trading psychology webinars to improve mental discipline
- Performance analytics dashboard with detailed metrics
Technology Advantages
- Ultra-low latency execution with average speeds under 50ms
- Advanced risk management tools including trailing stops and guaranteed stops
- Mobile trading apps with full functionality for both iOS and Android
- Custom indicator development support for funded traders
Program Flexibility
- No time limits on challenge completion allowing strategic trading
- One free reset per challenge if trading conditions change
- Account merging options for traders who pass multiple challenges
- Customizable trading hours to accommodate different schedules
Why Choose Funding Pips?
Funding Pips stands out in the competitive prop trading firm landscape by offering truly trader-friendly conditions designed to help you succeed rather than setting you up to fail. Their focus is on identifying and nurturing skilled traders who demonstrate consistent profitability and disciplined risk management.
Key advantages include:
- No time limit challenges that allow strategic, patient trading rather than forced overtrading
- Aggressive scaling program that can increase account size up to 20x the initial allocation
- Trader-friendly rules with fewer restrictions compared to other prop firms
- One of the highest profit splits in the industry at 80-90% for traders
- Diverse trading instrument selection across multiple asset classes
- Fast and reliable withdrawal process with bi-weekly payouts
- Exceptional educational resources and community support for continuous improvement
Frequently Asked Questions
How long does it take to get funded?
The time to get funded depends entirely on your trading performance, as Funding Pips challenges have no time limits. Some exceptional traders have completed both challenge phases in as little as 2-3 weeks, while others may take 1-2 months following a more conservative approach. Once you meet the profit targets while respecting all trading rules, your funded account is typically set up within 24-48 hours after verification is complete.
Can I hold positions over the weekend?
During the challenge and verification phases, weekend positions are not allowed to reduce gap risk. All positions must be closed before the market closes on Friday. However, once you reach the funded account stage, weekend positions are permitted with certain limitations on position size (maximum 30% of normal position size). This policy helps protect both the trader and the firm from unpredictable weekend gaps that could cause excessive losses.
What happens if I break a rule?
Rule violations are handled case-by-case at Funding Pips. Minor infractions typically result in a warning, while serious violations like exceeding maximum drawdown limits will result in account termination. However, Funding Pips takes an educational approach rather than a punitive one, often providing a one-time reset opportunity for inadvertent rule breaks. They also offer clear guidance on how to avoid future violations to help traders succeed on their second attempt.
Can I trade news events?
Yes, Funding Pips allows news trading, which is a significant advantage compared to many other prop firms. However, during high-impact news events, there are position size restrictions (maximum 50% of your normal position size) to manage volatility risk. The platform provides a news calendar with indicators for which events have position size limitations. Once you reach the funded account stage, these restrictions are relaxed for traders who demonstrate consistent profitability during news events.
How often can I withdraw profits?
Funding Pips offers bi-weekly profit withdrawals on the 1st and 15th of each month for all funded traders. The minimum withdrawal amount is $100, and there is no maximum cap. Withdrawal requests must be submitted at least 3 business days before the scheduled payout date. First-time withdrawals require additional verification, but subsequent withdrawals are processed automatically. The firm also offers an optional profit reinvestment program where traders can choose to reinvest profits for accelerated account growth.
