Funding Pips Review

Funding Pips believes that traders progress through three key stages in their professional journey: Student, Practitioner, and Master. As part of their commitment to nurturing talent and facilitating progression, they've instituted a two-phase evaluation process, culminating in a funded phase.

Funding Pips asserts that the trajectory of a trader encompasses three pivotal milestones: Student, Practitioner, and Master. In line with this philosophy, they have engineered a two-phase evaluation strategy that segues into a funded phase, empowering traders to ply their skills with a significant capital reservoir, thereby facilitating the realization of their trading aspirations.

Who are Funding Pips?

Hailing from Dubai, United Arab Emirates, Funding Pips is a prop trading firm that emerged on the scene on 25th August 2022. Their core proposition is offering traders, especially those grappling with capital constraints, funding to the tune of $2,000,000. In partnership with Black Bull Markets as their broker, they offer a lucrative profit split ranging from 80% to 90%.

Their corporate presence is anchored at IFZA Business Park, Premises NO. 19448-001, Dubai, United Arab.

Who is the CEO of Funding Pips?

Khaled Ayesh helms Funding Pips as its CEO. We are poised to furnish more granular details about their CEO in forthcoming updates. Stay connected!

Funding program options

Funding Pips lays out an array of evaluation program accounts for traders to choose from:

Evaluation Program Account Options

The core purpose of these evaluation program accounts is to sieve out traders who exemplify consistency and skill during the two-phase evaluation. These accounts come with a 1:100 leverage.

Phase One: Traders need to aim for an 8% profit, while ensuring their daily losses don't exceed 5% and their overall losses stay below 10%. No restrictions exist on the number of trading days in this phase. To transition to phase two, simply achieve the 8% profit benchmark without breaching the stipulated loss parameters.

Phase Two: Here, the profit target is trimmed to 5%, with the same loss limits as phase one. Like the previous phase, there aren't any constraints on the number of trading days. To ascend to the funded status, the only requisite is hitting the 5% profit goal while staying within the defined loss boundaries.

Upon successful navigation through both phases, traders are endowed with a funded account. The minimum withdrawal threshold is pegged at 1% of the starting account balance. Adherence to the 5% daily loss and 10% total loss norms is mandatory. Your maiden payout gets processed 7 days from the time your first trade is initiated on the funded account. Subsequent payouts follow a weekly cadence. Depending on the profits accrued on your funded account, your profit share will oscillate between 80% and 90%.

Scaling Plan for Evaluation Program Accounts

Accounts also come embedded with a scaling mechanism, anchored to the number of successful payouts:

• After 1 month (4 payouts): 10% increase on initial balance.
• After 2 months (8 payouts): 15% increase on initial balance.
• After 3 months (12 payouts): 20% increase on initial balance.
• After 4 months (16 payouts): Eligibility for the company's Hot Seat, with features like on-demand payouts, a 90% profit split, and a scaling potential capped at $2,000,000.

The trading instruments at your disposal encompass forex pairs, commodities, indices, and cryptocurrencies.

Evaluation Program Account Rules

• Profit Objective: This refers to the designated percentage of profit a trader must reach before advancing to the next phase, withdrawing gains, or escalating their account size. The profit target for Phase 1 stands at 8%, while Phase 2 requires 5%. There are no specific profit objectives for funded accounts.
• Daily Loss Limit: This represents the highest permissible loss a trader can incur within a day without breaching account rules. For all account levels, this limit is set at 5%.
• Overall Loss Limit: This indicates the utmost loss a trader can face cumulatively before the account is considered compromised. Every account size holds a maximum threshold of 10%.
• Mandatory Stop-loss: Traders are obligated to set a stop-loss for each trade prior to initiating it. It's essential to note that this rule is exclusive to funded accounts and does not apply to evaluation accounts. Moreover, a stop-loss must be established within 30 seconds of trade execution. Failure to do so results in an automatic trade closure. This can occur twice without repercussions, but on the third instance, it contravenes trading protocols, leading to account termination. It's also important to remember that the stop-loss tally is renewed weekly.
• Martingale Strategy Restriction: Traders are strictly prohibited from employing any form of the martingale approach during their trading activities.
• Hedging Strategy Restriction: The use of any hedging methods or techniques is expressly forbidden while trading.
• Risks with Third-party Copy Trading: Should traders opt for copy trading platforms, they must be cognizant of the fact that employing third-party copy trading services could entail other traders adopting identical trading tactics. Consequently, leveraging a third-party copy trading platform may jeopardize the chances of obtaining a funded account or processing withdrawals if the maximum capital allocation guideline is surpassed.
• Third-party EA Considerations: When contemplating the use of an Expert Advisor (EA), traders should be aware that if they utilize a third-party EA, there could be other participants who are simultaneously using it, leading to the adoption of congruent trading strategies. Engaging with a third-party EA may jeopardize the opportunity to secure a funded account or process withdrawals if the capital limit is breached.

How is Funding Pips distinct from other proprietary firms?

Funding Pips stands out from a majority of top-tier prop firms as it provides significant freedom in trading preferences. Trading during major news events, maintaining trades overnight, and even over weekends is permissible. Yet, using martingale or hedging strategies is disallowed, and traders on funded accounts are obliged to place a stop-loss within the first 30 seconds.

When juxtaposed with its peers, Funding Pips boasts a unique two-stage evaluation process. To qualify for payouts, traders must navigate through these two phases. Phase one expects an 8% profit target, transitioning to 5% in phase two. Both stages come with a ceiling of 5% for daily losses and an overarching 10% total loss limit. Intriguingly, there are no prescribed minimum or maximum trading days in both phases. Their evaluation schemes also incorporate a growth strategy. Unlike many leading prop firms, Funding Pips offers achievable profit goals, lacks stringent day trading limits, and presents clear-cut trading guidelines.‍

Comparison between Funding Pips & Finotive Funding:

Comparison between Funding Pips & FundedNext:

Comparison between Funding Pips & E8 Funding:

Summarizing, Funding Pips diverges from numerous premier prop firms by offering vast latitude in trading styles. Engaging in trades during crucial news, retaining trades overnight, and across weekends is feasible. The sole additional mandates to heed are the immediate 30-second stop-loss on funded accounts, and the explicit ban on martingale and hedging tactics.

Is securing capital from Funding Pips a plausible proposition?

When vetting prop firms that resonate with your forex trading flair, it's pivotal to gauge the feasibility of their trading stipulations. A firm might lure you with an enticing profit share on a generously funded account. However, if they demand sky-high monthly gains juxtaposed with a meager drawdown allowance, success becomes a distant mirage.

Securing capital via Funding Pips' evaluation accounts is attainable, primarily due to their modest profit benchmarks (8% in phase one and 5% in phase two) combined with relatively generous loss thresholds (5% daily and 10% overall). Additionally, the absence of minimum or maximum trading day stipulations during both phases amplifies its appeal.

All factors considered, Funding Pips emerges as a premier destination for traders eyeing funding. Their evaluation accounts offer pragmatic trading targets, coupled with reasonable conditions to qualify for payouts.

Proof of Payment

Established on August 25th, 2022, Funding Pips has already amassed substantial evidence of payments. Numerous traders who have successfully garnered their profit splits from the firm vouch for its authenticity.

Once a trader initiates their first trade on the funded account, they can request a payout after a week. Traders are poised to receive an impressive profit split ranging from 80% to as much as 90%. If at the time of withdrawal, there aren't any profits, or if traders opt to let their profits remain in the account, it's still feasible to ask for a payout whenever deemed appropriate. After putting forth a withdrawal request, the funds are typically processed within a mere 3-hour window.

For those inquisitive about payment confirmations from Funding Pips, their Youtube channel showcases interviews with their financially rewarded traders. Furthermore, their Discord channel houses a dedicated section titled "payout-proof." Here, one can peruse through certificates presented to those who successfully attained their share of the profits.

Broker Associated with Funding Pips

Funding Pips collaborates with BlackBull Markets as its primary broker.

BlackBull Markets is resolute in providing an unparalleled trading journey for its clients. By harnessing the prowess of advanced trading tools and maintaining stellar client support, they promise a top-tier trading environment. They endeavor to empower their clientele by offering access to an expansive market range, thus enabling them to diversify and transcend the constraints of conventional investment avenues.

Regarding trading platforms, traders have the privilege to operate on MetaTrader 5.

Trading instruments

You can trade with the following: forex pairs, commodities, indices, and cryptocurrencies with maximum 1:100 leverage.

Trading fees

Trading commission:

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Spread:

To see the live spreads, use these login details to access the trading account below:

Platform: MetraTrader 5

Server: BlackBullMarkets-Demo

Login Number: 437770

Password: a1e82bee10

‍Download Platform: Download

Educational Resources & Assistance for Traders

Funding Pips doesn't offer specialized educational content for traders.

Nonetheless, they have designed an intuitive trading dashboard, enabling traders to monitor their achievements, understand vital trading goals, and essential metrics. This dashboard further simplifies risk management for traders.

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Feedback from Traders on Funding Pips

The reviews for Funding Pips are overwhelmingly positive.

On Trustpilot, a plethora of members from their trading community have shared encouraging feedback, culminating in an impressive score of 4.7/5 from a total of 258 reviews. A significant number of these reviewers commend the well-designed trading dashboard that not only helps track their advancement but also streamlines risk management.

Furthermore, traders appreciate the consistent weekly payout schedule which permits them to access their earnings weekly. Plus, there's the added advantage of being able to enhance their account following every quartet of profit divisions.

Presence on Social Platforms

You can also connect with Funding Pips on several social media platforms, including:

• Facebook
• Instagram
• Youtube
• Twitter
• Discord

Customer Assistance

For queries or information, Funding Pips hosts an FAQ section that covers crucial details about the company and guidelines pertinent to their evaluation program.

For personal assistance, their support team is accessible via their social media channels, or one can reach out to them directly at support@fundingpips.com.

Summing Up

To encapsulate, Funding Pips has marked its presence as a promising new entrant in the proprietary trading arena, presenting traders with an array of choices in evaluation program account dimensions.

Adhering to the standard dual-phase evaluation challenge of the industry, Funding Pips mandates traders to accomplish two phases prior to securing funding and qualifying for profit divisions. With profit benchmarks set at 8% for phase one and 5% for phase two, their objectives are grounded in realism, especially given the ceilings of 5% for daily losses and 10% for overall losses. Traders can anticipate a profit division ranging between 80% and 90%, coupled with the possibility of account augmentation.

For those scouting for a proprietary trading firm that doesn't muddle trading guidelines, Funding Pips emerges as a commendable option. They've crafted a space that caters to a diverse set of traders with eclectic trading propensities. Given the comprehensive offerings of Funding Pips, they undeniably stand out in the proprietary trading landscape.

Our insights on Funding Pips were refreshed on 05.08.2023 at 16:11 (CE(S)T).

We're eager to learn about your impressions! Does the blueprint of this Proprietary Trading firm resonate with you? Are the instruments provided by Funding Pips aligned with your trading preferences?

Your feedback on our review of the Funding Pips Proprietary Trading firm would be greatly valued!