The proprietary trading industry has totally changed how retail traders get access to big, institutional-level capital. It’s opened doors that used to be locked tight for anyone without deep pockets.
One of the newer names in this fast-moving space is FundingPips. This Dubai-based prop firm popped up in August 2022.
So, what’s the deal with FundingPips? This review digs into everything from their evaluation models to how they handle payouts. The goal is to help you figure out if they’re a good fit for your trading style and goals.
FundingPips works under the legal name Funding Pips Services Ltd. They’re registered in Mohéli, Comoros, but their main operations are out of IFZA Business Park in Dubai, UAE.
CEO Khaled Ayesh runs the show. The company has carved out a spot in the crowded prop firm world by keeping evaluation fees competitive and offering several trading platforms.
They also claim to process payouts faster than most. Whether that’s hype or reality, well, that’s something traders will want to look into for themselves.
FundingPips Overview & Rating
Based on a bunch of research and what traders are saying on different platforms, FundingPips lands a pretty strong 4.5 out of 5. That rating really shows where they stand among other proprietary trading firms, especially since they’re still kind of new on the scene.
Key Highlights:
- Founded: August 2022
- Location: Dubai, UAE (IFZA Business Park)
- Funding Range: $5,000 to $300,000 initial capital
- Scaling Potential: Up to $2 million for consistently profitable traders
- Profit Splits: 80% standard, up to 100% through Hot Seat program
- Evaluation Models: Three distinct pathways (1-step, 2-step, 3-step)
- Trading Platforms: Match-Trader, cTrader, and TradeLocker
- Payout Processing: Weekly requests with 1-3 business day processing
What actually makes FundingPips stand out? For one thing, they genuinely care about transparency and keeping things user friendly. Some firms hide their processes behind a wall of jargon, but FundingPips likes to lay out the rules, expectations, and how you’re doing at every step of the evaluation.
They’ve grown fast since 2022, which says a lot about their appeal in this crowded market. Their model gives traders access to significant capital, but they’re not loose with risk, they stick to strict management protocols to look out for both the company and the traders.
Account Types and Funding Options
FundingPips builds its funding programs around a tiered system. Traders can scale their capital allocation as they gain experience and show consistent performance.
Account sizes start at $5,000 for beginners. More experienced pros can access up to $300,000.
If you keep racking up profits, you could eventually scale your funded account all the way to $2 million.
The progression system moves traders through four phases: Student, Practitioner, Senior, and Master. Each phase has its own set of requirements and perks.
You’ll need to meet certain criteria and take on more responsibility as you move up. This whole structure encourages traders to develop real skills and discipline before they get access to bigger chunks of capital.
| Account Size | Evaluation Fee | Monthly Subscription | Profit Target | Max Drawdown | Leverage |
|---|---|---|---|---|---|
| $5,000 | $32 | $15 | 5-10% | 5-10% | Up to 1:100 |
| $10,000 | $59 | $25 | 5-10% | 5-10% | Up to 1:100 |
| $25,000 | $139 | $55 | 5-10% | 5-10% | Up to 1:50 |
| $50,000 | $269 | $99 | 5-10% | 5-10% | Up to 1:50 |
| $100,000 | $499 | $179 | 5-10% | 5-10% | Up to 1:50 |
| $300,000 | $1,299 | $499 | 5-10% | 5-10% | Up to 1:30 |
The Hot Seat program stands out as one of FundingPips’ most appealing perks. Qualifying traders get to keep 100% of their profits for certain periods, which is honestly pretty rare in this space.
They built this program to reward traders who show real skill, think strong risk management and solid trading discipline. If you’re someone who can stay profitable and avoid reckless moves, this might catch your eye.
Career progression here runs through a tier system. It depends on things like how consistent you are, whether you stick to the risk rules, and your overall account results.
If you keep hitting your profit targets and avoid breaking drawdown limits, they’ll probably offer you bigger account sizes. Usually, that happens after about 3 to 6 months of steady performance.
$5,000 Starting Account
The entry-level $5,000 account is a pretty accessible starting point for folks new to the prop firm world. With an evaluation fee of just $32 and a $15 monthly subscription, it knocks down a lot of the usual financial barriers.
Traders need to complete at least 3 trading days during the evaluation phase. You’ll have to hit profit targets between 5-10%, depending on which evaluation model you pick.
There are strict risk management rules to follow. The maximum drawdown limit pushes traders to build solid risk habits early on.
This account size works well for people still figuring out their strategies. If you want to keep risk low, it’s a sensible choice.
Leverage goes up to 1:100, so there’s real potential for decent returns. At the same time, the smaller account size means your losses stay manageable while you learn.
Honestly, a lot of successful traders at FundingPips kicked things off with the $5,000 account. Once they proved themselves, they scaled up to bigger accounts.
$10,000 to $100,000 Accounts
As account sizes move up from $10,000 to $100,000, FundingPips tightens requirements and keeps a closer eye on things. Bigger accounts are for traders who’ve already shown they can make profits and handle risk well.
The $25,000 account is a real jump in both potential and responsibility. It comes with a $139 evaluation fee and a $55 monthly subscription, so it tends to attract people who see prop firm funding as a serious business move.
Leverage drops to 1:50 here, which really puts the spotlight on risk management as you go up in capital. That shift can be a wake-up call for anyone used to looser limits.
For the $50,000 and $100,000 accounts, FundingPips looks for traders who genuinely understand the markets and have pretty sharp risk management skills. The rules get tougher, you’ve got to keep your position sizes steady and avoid wild trades that might look like over-leveraging or trading on emotion.
At these higher levels, traders get a few extra perks. There’s priority customer support, access to more advanced trading tools, and sometimes a shot at moving up the career ladder faster.
Many traders at these tiers mention that the responsive support and clear processes make the higher evaluation costs feel justified. If you’re aiming for a bigger account, it’s not just about more money on the line, it’s about stepping up your game across the board.
Evaluation Models Explained
FundingPips offers three distinct evaluation pathways. Each one aims to fit different trader preferences and experience levels.
Every model comes with its own risk-reward profile and cost structure. Time requirements also vary, so traders can pick what matches their goals.
The evaluation phase acts as a filter but also as a training ground. Only disciplined, consistently profitable traders get access to funded accounts.
All models require at least three trading days per phase. This rule helps prevent traders from chasing quick profits with risky moves.
| Model | Phases | Initial Cost | Profit Target | Max Drawdown | Leverage | Best For |
|---|---|---|---|---|---|---|
| 1-Step | Single phase | Higher | 5-10% | 5-10% | Up to 1:50 | Experienced traders |
| 2-Step | Two phases | Medium | 5-10% then 5% | 5-10% | Up to 1:100 | Balanced approach |
| 3-Step | Three phases | Lower | 5-8-5% | 5-10% | Up to 1:100 | Skill development |
The profit target structure changes depending on the model. The 1-step evaluation asks for the highest initial profit target but gets you to funding the quickest.
The 2-step and 3-step models let traders move forward more gradually. They offer a chance to build skills and confidence over several phases.
Risk management rules stay the same for every model. There are strict daily and overall drawdown limits.
If traders go past these limits, their accounts get terminated right away. Honestly, it really drives home how crucial solid risk management is from the start.
One-Step Evaluation
The one-step evaluation is the fastest way for confident, experienced traders to get funded. With just a single challenge phase, it’s aimed at those who already have solid strategies and want quick access to capital, none of that drawn-out, multi-phase hassle.
The fees are higher, sure, but you’re paying for speed and less time spent jumping through hoops. Leverage goes up to 1:50, which gives traders enough flexibility without going overboard on risk.
Profit targets usually land somewhere between 8% and 10%, depending on your account size. You’ve got to show you can hit those numbers and do it consistently.
This setup mostly attracts traders who already have a track record. For them, that upfront cost feels more like an investment in getting capital fast, not just another fee.
Time efficiency is a big selling point here. Professional traders who want to ramp up quickly or experiment with new strategies using institutional funds find this model especially tempting.
Success rates? They’re generally lower than with multi-phase models. The compressed timeline and extra pressure weed out a lot of folks. But if you pass, it’s usually because you’ve got real discipline and skill, which means you can move up through the firm’s programs a whole lot faster.
Two-Step and Three-Step Evaluations
The two-step evaluation tries to find a sweet spot between accessibility and rigor. It gives traders a more gradual path to funding, but still keeps the challenge meaningful.
Usually, the first phase asks for an 8-10% profit target. The second phase drops this to 5% and adds some consistency requirements.
Leverage up to 1:100 in the two-step model really opens things up for traders. This flexibility is especially handy for forex traders who work with smaller profit margins and lots of positions.
The longer timeframe helps traders settle in, build confidence, and show they can actually deliver steady returns.
The three-step evaluation takes things even further. With profit targets set at 5%, 8%, and 5% across its phases, it really leans into consistency and patience rather than chasing quick wins.
A lot of traders like these multi-step models. They offer several chances to show off different skills, which feels fair.
Lower upfront costs make these options appealing for folks with less capital. Plus, the extra time gives everyone more room to refine their strategies and grow as traders.
Trading Platforms and Technology
FundingPips gives traders access to three professional-grade trading platforms. Each one caters to different preferences and technical needs.
With this multi-platform setup, traders stick with the tools they know while still tapping into advanced features for pro-level trading. It’s a nice balance of familiarity and power.
The firm builds its tech around tier-one liquidity providers. That means traders get competitive spreads and solid, reliable order execution across all supported instruments.
You’ll find real-time data feeds and advanced charting on every platform. Those features lay the groundwork for more sophisticated trading strategies.
Choosing a platform usually comes down to experience and trading style. Scalpers and day traders tend to pick the ones with the fastest execution speeds.
On the flip side, swing traders and position traders often look for deeper analytics and more customization. Everyone wants something a little different, right?
All platforms work on both mobile and desktop. Funded traders can check positions or make trades from anywhere with an internet connection.
That kind of flexibility really matters for folks managing multiple strategies or trading across different time zones.
Match-Trader Platform
Match-Trader stands out as FundingPips’ flagship platform. It packs a solid suite of trading tools that work for both new and experienced traders.
You’ll find the interface easy to figure out, nothing too fancy or overwhelming. Powerful analytics pair up with straightforward navigation, which is especially handy for anyone switching over from a standard retail broker.
The charting package is pretty robust. There are over 100 technical indicators to play with, plenty of timeframe options, and you can tweak your workspace just how you like.
Real-time market data’s always on tap. That’s a must-have for folks who rely on up-to-the-second pricing, like day traders or scalpers.
Order execution? It’s quick, often clocking in under 100 milliseconds for major currency pairs. Traders get automated stop-loss and take-profit tools, plus position sizing calculators and real-time margin tracking.
People mention Match-Trader’s stability a lot. Even when the markets go wild, the platform rarely goes down.
It also hooks right into FundingPips’ account management system. That way, you can keep an eye on your progress and performance during the evaluation phase without jumping through hoops.
cTrader and TradeLocker
cTrader appeals to traders who want advanced algorithmic trading. Its cAlgo feature stands out for strategy development and automated execution.
You get institutional-grade tools here for backtesting and refining your approach. Level II pricing and market depth show you order flow and liquidity almost like you’re right on the trading floor.
This kind of transparency is a game-changer for anyone into market microstructure analysis. If you’re tracking bid-ask spread shifts, you’ll probably appreciate the detail.
TradeLocker is the latest platform from FundingPips. It’s aimed at traders moving from retail into the prop firm world.
The interface feels simple, so you won’t get lost, but you still get pro-level tools. Copy trading and social features are built in for folks who want to learn from prop firm veterans.
Still, FundingPips enforces strict rules against unauthorized copy trading. They want everyone to show they can make their own trading decisions.
Payouts and Profit Sharing
FundingPips runs a profit-sharing setup that actually feels competitive. Traders who make profits keep 80%, while the firm takes 20% to handle costs and manage risk.
There’s something called the Hot Seat program, and honestly, it’s a bit of a standout in the prop firm world. If you qualify, you get to keep 100% of your profits for certain periods.
To get into Hot Seat, you need to show steady profits, stick to risk rules, and prove you can trade with discipline over time. It’s not a walk in the park, but that’s probably the point.
You can request payouts every Tuesday, which is pretty frequent. Once you pass KYC, they usually process payments in about one to three business days.
The minimum payout is just 1% of your starting account balance. That means even people with smaller accounts can pull money out regularly.
Before you ask for a payout, you have to close all your positions. This way, your profits are locked in and there’s no funny business with open trades.
It also nudges traders to take profits more often, instead of leaving positions open and risking the account. I kind of like that approach, it keeps things disciplined.
Payout Process Details:
- Request Schedule: Weekly submissions every Tuesday
- Processing Time: 1-3 working days after KYC completion
- Minimum Threshold: 1% of starting account balance
- Payment Methods: USDT for amounts under $500, Riseworks for larger payouts
- Required Actions: Close all positions, complete KYC verification
- Profit Split: 80% standard, up to 100% through Hot Seat program
The firm’s commitment to prompt payouts has earned a lot of positive feedback from traders. Many users mention getting their payments on time, even over several years.
That kind of reliability really matters for folks who rely on trading income.
KYC verification requires standard identity documents. If you’re cashing out a bigger amount, you might have to go through extra steps.
Some traders say they’ve hit delays during busy times. Still, most people seem to get through the process within the expected window.
Customer Support and User Experience
FundingPips has poured a lot of effort into building a customer support system that actually responds to the needs of traders worldwide. They offer a bunch of ways to get in touch, email, live chat, and a pretty lively Discord community where you can get both official help and advice from other traders.
Their customer service style leans hard on transparency and being easy to reach. Support staff handle technical platform hiccups and those tricky account management questions. If something critical comes up during business hours, you’ll usually get a reply in 15 minutes to a couple of hours.
The Discord server stands out, especially for folks just starting out. You get real-time answers from both FundingPips team members and seasoned traders hanging out there. It’s a pretty collaborative space, and honestly, it makes the whole evaluation process less intimidating.
Managing your account is straightforward with the trader dashboard. You see your progress, performance stats, and payout history all in one place. The layout’s clean and simple, so checking your status or figuring out your next step doesn’t feel like a chore.
Support Channel Overview:
- Email Support: Professional inquiries and account issues
- Live Chat: Real-time assistance during business hours
- Discord Community: Peer support and company interaction
- Knowledge Base: Comprehensive documentation and tutorials
- Video Resources: Platform training and strategy guidance
The firm takes transparency seriously, especially when it comes to account violations and appeals. They enforce rules, but the support team actually explains what went wrong and, if it makes sense, gives advice on how to avoid similar problems next time.
Users often mention that FundingPips’ support team strikes a nice balance between being professional and approachable. Plenty of traders say they feel genuinely supported, which probably explains why so many stick around after getting funded.
Pros and Cons Analysis
Like any financial services provider, FundingPips brings some clear advantages but also has its share of limitations. Potential traders really should weigh these factors before jumping in. This analysis leans on a mix of user feedback and industry comparisons, aiming for a fair perspective.
Advantages
Competitive Evaluation Structure: FundingPips keeps its evaluation fees impressively low, with entry-level accounts starting at just $32. For traders who don’t have piles of spare cash, that’s a huge plus.
Reliable Payout System: The company has built a reputation for paying out quickly and consistently. Weekly payouts and processing times of just 1-3 days? That’s better than a lot of firms can promise.
Multiple Platform Options: Traders get access to Match-Trader, cTrader, and TradeLocker. It’s nice to have choices, especially when you’re already used to certain tools or prefer a specific interface.
Transparent Operations: The rules are clear, progress is easy to track, and customer support actually responds. That kind of transparency and accountability isn’t always easy to find in this industry.
Hot Seat Program: There’s a unique Hot Seat program here, letting top traders keep 100% of their profits. If you’re consistently profitable, that’s a seriously attractive deal.
Diverse Instrument Range: FundingPips supports over 100 CFDs, including forex, commodities, indices, and cryptocurrencies. This lets traders experiment with different strategies and manage risk their own way.
Disadvantages
Strict Rule Enforcement: Consistency matters in risk management, sure, but some traders say the firm’s rules feel a bit too rigid. There aren’t many ways to appeal account violations, which can leave folks feeling boxed in.
Copy Trading Restrictions: If the firm suspects copy trading, they might suspend your account, even if you’re convinced you made your own calls. Trying to appeal these cases can take ages, and honestly, it rarely works out.
Account Inactivity Issues: Some users have found their accounts deactivated during KYC processing delays or just because they weren’t trading for a while. That’s frustrating, especially for traders who planned to stay active but got caught in the system.
Limited Track Record: FundingPips is still pretty new, having started in 2022. Some traders want a longer history before trusting a firm with their money, and that’s just not here yet.
No Free Trial Options: Unlike a few other firms, FundingPips doesn’t give out free trial accounts or demo versions for their evaluation. You’ve got to put some money down up front, which can be a dealbreaker for the more cautious crowd.
The balance of advantages and disadvantages really depends on what each trader wants and how much risk they’re comfortable with.
Seasoned traders tend to like the firm’s professional vibe and steady operations. On the other hand, newcomers might struggle a bit with the strict rules, especially when they’re just figuring things out.
Legitimacy and Security
FundingPips doesn’t operate under direct regulation from big financial authorities. Still, they’ve rolled out plenty of security measures and transparency practices that cover most trader worries about legitimacy and keeping funds safe.
Their legal structure sits under Funding Pips Services Ltd, which is registered in Mohéli, Comoros. That gives them a legitimate business framework, though let’s be honest, this jurisdiction doesn’t offer the same regulatory muscle as top financial centers.
They also run things out of Dubai’s IFZA Business Park. That location adds some credibility, thanks to its ties with a recognized international financial zone.
Security Measures:
- Data Encryption: Advanced SSL encryption protects all client communications and sensitive information
- KYC Procedures: Strict Know Your Customer verification prevents fraud and ensures compliance with international standards
- Segregated Operations: Clear separation between evaluation fees and operational funds
- Transparent Reporting: Regular community updates and performance disclosures build trust
Community feedback on Trustpilot and Reddit mostly backs up the firm’s legitimacy. Plenty of users have shared positive experiences, sometimes stretching over several years.
Long-term traders often mention the company’s consistent payouts. They also point to professional service as a sign of stability.
The firm’s business model lines up incentives between the company and its traders. FundingPips only makes money when funded traders actually generate returns.
This setup helps lessen worries about conflicts of interest you might find with more traditional broker models.
But let’s be real, traders need to know that evaluation fees aren’t refundable. Success rates for passing challenges stay pretty low across the whole prop firm industry.
These risks come with the territory and aren’t unique to FundingPips.
Alternatives to FundingPips
The prop firm industry’s packed with options. Each firm brings its own flavor, unique advantages, specializations, quirks, that might fit a trader’s preferences or strategy better than the next.
Getting a grip on these choices? That’s half the battle. It helps traders figure out which firm actually lines up with what they’re after.
Top Competitors
The Trading Pit leans into multi-asset trading. They’ve got partnerships that open doors to traditional broker services and prop firm funding. Their evaluation process really highlights risk management. If you’re a trader who thrives on flexibility, their scaling options might catch your eye.
Apex Trader Funding is all about futures trading. They let you run several funded accounts at once. This setup works well for folks who want to keep different strategies separate.
The5%ers made a name for themselves with deep risk management education. Their two-stage evaluations focus more on steady consistency than chasing fast profits. If you’d rather build skills slowly than rush for a big score, they’re worth a look.
Leeloo Trading sticks to futures markets. Their subscription plans are flexible, you can even pause your evaluation if the market’s acting up. That’s a big plus for anyone whose strategies depend on timing or specific events.
Evaluation costs, profit splits, and scaling opportunities vary a lot between these firms. It’s smart to stack these details up against your own needs and goals before jumping in.
What matters most? Well, it usually comes down to the instruments you like, how much risk you’re willing to take, and where you see your trading career heading. Some folks hedge their bets and work with more than one firm. That way, they’re not putting all their eggs in one basket.
Final Verdict and Recommendations
FundingPips stands out as a solid choice among proprietary trading firms. Traders who care about transparency, reliable payouts, and competitive evaluation costs will probably appreciate what they offer.
Since 2022, the firm has grown fast. That says something about their ability to attract and keep traders in a tough, crowded market.
They offer multiple platform options and flexible evaluation models. The unique Hot Seat program adds even more value for serious traders.
Their commitment to responsive customer support and transparent operations definitely helps ease the worries traders have about newer firms.
Best Suited For:
- New Prop Traders: Low evaluation fees and comprehensive support make FundingPips accessible for those new to funded trading
- Multi-Platform Traders: Access to Match-Trader, cTrader, and TradeLocker accommodates diverse technical preferences
- Cost-Conscious Traders: Competitive fee structure and reliable payouts maximize profit retention
- Community-Oriented Traders: Active Discord community provides valuable peer support and learning opportunities
Consider Alternatives If:
- Regulatory Oversight Priority: Traders requiring regulated firm oversight should consider options in major financial jurisdictions
- Specialized Instruments: Those focusing exclusively on futures or specific asset classes might find specialized firms more suitable
- Maximum Flexibility: Traders wanting multiple simultaneous accounts or pause options should explore other providers
The firm’s track record is still pretty new, but early signs point to happy users and steady, reliable operations. They’ve mixed competitive features with a professional approach, and honestly, that could mean real growth is on the horizon.
If you’re thinking about FundingPips, maybe start small. Testing out the $5,000 account lets you get a feel for their systems and support before you risk more.
FundingPips seems ready to keep up as the prop firm scene shifts and grows. They’re putting energy into tech, building a community, and keeping things transparent, which is refreshing in this crowded space.
New to prop firms? Or maybe you just want something different from what you’ve tried before. Either way, FundingPips feels worth a look. The costs are reasonable, operations seem solid, and there’s genuine room for them to stand out among proprietary trading firms.