Funding Pips Review (5% discount code: FOREXPROPREVIEWS) - Forex Prop Reviews (2024)

Funding Pips believes that traders undergo three essential stages during their professional development, Student, Practitioner, and Master. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $100,000 and receive up to 90% profit splits. This can be accomplished through trading various financial instruments, including forex pairs, commodities, indices, and cryptocurrencies.

Who are Funding Pips?

Funding Pips is a proprietary trading firm with the legal name ANKH PROP – FZCO that was incorporated on the 25th of August, 2022. They are located in Dubai, United Arab Emirates, and are being managed by CEO Khaled Ayesh. Funding Pips provides traders with the opportunity to choose between a single two-step evaluation while being partnered with a tier-1 liquidity provider with the best simulated real market trading conditions as their broker.

Funding Pips headquarters are located at IFZA Business Park, Premises NO. 19448-001, Dubai, United Arab.

Who is the CEO of Funding Pips?

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

Video Review

Funding Program Options

Funding Pips provides its traders with a single funding program option.

Evaluation Program

Funding Pips Evaluation Program provides traders the opportunity to manage account sizes ranging from $5,000 up to $100,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The Evaluation Program allows you to trade with up to 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. 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. 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 Scaling Plan

Evaluation Program also has 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)

Evaluation Program Trading Rules & Objectives

• Profit Target– Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 8%, whereas Phase 2 requires reaching a profit target of 5%. Funded accounts have a 1% withdrawal requirement.
• Maximum Daily Loss– The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%. (Scaleable up to 7%)
• Maximum Loss– The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 10%. (Scaleable up to 14%)
• No Hedging – Traders are prohibited from employing any form of hedging strategy during their trading activities.
• No News Trading– Trading is not permitted during high-impact news releases. This implies that executing new trades or closing existing trades on the specified instrument is prohibited within the 2-minute period both before and after the announcement of particular news. (Only on funded accounts)

What Makes Funding Pips Different From Other Prop Firms?

Funding Pips differs from mostindustry-leading prop firmsdue to offering a single account type, a two-step evaluation. In addition, they also provide numerous favorable features, such as an unlimited trading period, no minimum trading day requirements, a scaling plan for daily and maximum drawdown, and affordable evaluation prices.

Funding Pips’s Evaluation Program is a two-step evaluation that requires traders to successfully complete two phases before becoming 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. You also have no minimum or maximum trading day requirements during both evaluation phases. The Evaluation Program also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the Evaluation Program stands out mainly for having an unlimited trading period, no minimum trading day requirements, a scaling plan for daily and maximum drawdown, and affordable evaluation prices.

Example of comparison between Funding Pips & Finotive Funding

Example of comparison between Funding Pips & FundedNext

Example of comparison between Funding Pips & E8 Markets

In conclusion, Funding Pips differs from otherindustry-leading prop firmsby offeringa single account type, a two-step evaluation. In addition, they also provide numerous favorable features, such as an unlimited trading period, no minimum trading day requirements, a scaling plan for daily and maximum drawdown, and affordable evaluation prices.

Is Getting Funding Pips Capital Realistic?

It is essential to evaluate the achievability of trading requirements when considering proprietary trading firms that align with your forex trading style. While a company may appear attractive with a high percentage profit split on a generously funded account, the practicality decreases if they demand substantial monthly gains with minimal maximum drawdown percentages, significantly reducing the likelihood of success. Additionally, examining time constraints is crucial, with an unlimited trading period being more advantageous as it eliminates the pressure associated with time constraints. Lastly, it is essential to acquaint yourself with all trading rules during the evaluation process and subsequent funding stages to mitigate the risk of accidentally violating your trading account terms.

• Receiving capital from the Evaluation Program is realistic primarily due to its relatively modest profit targets (8% in phase one and 5% in phase two) coupled with average maximum loss rules (5% maximum daily, scaleable up to 7% and 10% maximum loss, scaleable up to 14%). It is important to note that there are no minimum or maximum trading day requirements, offering flexibility without time constraints, meaning that you can secure funding swiftly in a day or proceed at your preferred trading pace. Furthermore, upon successfully completing both evaluation phases, participants qualify for payouts featuring an advantageous profit split of 80% up to 90%.

After considering all the factors, Funding Pips is highly recommended since you have a single funding program to choose from, which features realistic trading objectives and conditions for qualifying for payouts.

Payment Proof

Funding Pips is a proprietary trading firm that was incorporated on the 25th of August, 2022. They have a large community of traders who have reached funded status and successfully qualify for a profit split.

While working with Funding Pips and reaching funded status with the Evaluation Program, you will be eligible to receive your first payout after reaching a withdrawal target of 1% and 5 calendar days. However, after your first payout, you will also be eligible to receive payouts if you meet the 1% withdrawal target every 5 calendar days. Your profit split will consist of a generous 80% up to 90% based on the profit that you have generated on your funded account.

When it comes toFunding Pips, you can find it on numerous websites. One example isTrustpilot, where their traders comment regarding their experience while working with the company as well as the process of how they successfully received payouts. Another source of payment proof for Funding Pips is their YouTube and Discord channels, where you can find numerous trader interviews and payout certificates of the most successful traders.

Examples of Payout Certificates and Payment Proof can be seen in the images below.

Which Broker Does Funding Pips Use?

Funding Pipsdoesn’t trade with any of the common broker brands. They are partnered with a tier-1 liquidity provider with the best simulated real market trading conditions.

As for trading platforms, while you are working withFunding Pips, they allow you to trade on Match-Trader, cTrader, or TradeLocker.

Trading Instruments

As mentioned above, Funding Pips is partnered with a tier-1 liquidity provider with the best simulated real market trading conditions, and they allow you to trade a wide range of trading instruments, which include forex pairs, commodities, indices, and cryptocurrencies with a leverage of up to 1:100, depending on the trading instrument that you are trading.

Forex Pairs

Commodities

Indices

Cryptocurrencies

Trading Fees

Trading Commission

Spread Account

To check the live spreads, log in to the trading account below.

Education

Funding Pips doesn’t provide any additional educational content to their community.

However, Funding Pips offers traders a meticulously designed trading dashboard, facilitating progress tracking, access to trading objectives, and crucial statistics. This feature also enhances risk management for a more seamless trading experience.

Funding Pips Trading Dashboard

Trustpilot Feedback

Funding Pips has gathered an excellent score on Trustpilot based on their community’s feedback.

OnTrustpilot, Funding Pips has a large variety of their community commenting and providing positive feedback regarding their company services. The firm has achieved an impressive rating of 4.6 out of 5 from a substantial pool of 5,304 reviews. Notably, 85% of these reviews have awarded Funding Pips the highest rating of 5 stars.

Having collaborated with Funding Pips for the past few months, the client expresses utmost satisfaction, rating everything from spreads and customer support to the owners and payouts as A+. They highly recommend Funding Pips for those seeking a prop firm. The client highlights the exceptional level of service, noting that even when faced with an issue, the COO personally reached out to ensure a resolution. Funding Pips is commended for going above and beyond, fostering an environment that encourages traders to excel in their craft.

Funding Pips is recognized as one of the leading and rapidly growing proprietary trading firms in the industry. Their introduction of innovative features, including on-demand payouts, no time limits, and prompt customer responses, has significantly transformed the landscape of prop firms.

Social Media Statistics

Funding Pips can also be found on numerous social media platforms.

Customer Support

Account Opening Process

• Registration Form– Register withFunding Pipsby filling out the registration form with your personal details and logging into the trading dashboard.

• Choose Your Account– Choose your account size.

• Choose Your Payment Method– Choose between a credit/debit card and a cryptocurrency payment method.

• Apply Discount Code– Apply our discount codeFOREXPROPREVIEWSand enjoy a 5% discount on allFunding Pipsaccount sizes.

• Receive Login Credentials– Find an email with a greeting fromFunding Pips, where you can access your login credentials for your newly purchased trading account.

Conclusion

In conclusion, Funding Pips is a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose a single funding program, the Evaluation Program, which is a two-step evaluation.

Funding Pips’ Evaluation Program is an industry-standard two-step evaluation that requires the completion of two phases before becoming eligible to manage a funded account and earn 80% up to 90% profit splits. Traders must reach profit targets of 8% in phase one and 5% in phase two to become successfully funded. These are realistic trading objectives, considering you have a 5% maximum daily and 10% maximum loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during both evaluation phases, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that the Evaluation Program features a scaling plan, providing you with the opportunity to increase your initial account balance.

I would recommend Funding Pips to individuals seeking a reputable proprietary trading firm that provides exceptional trading conditions catering to a diverse range of individuals with unique trading styles. They provide traders with unique features, such as an unlimited trading period, no minimum trading day requirements, a scaling plan for daily and maximum drawdowns, and affordable evaluation prices. After considering everything Funding Pips has to offer to traders all across the globe, they can undoubtedly be regarded as one of the industry-leading prop firms.

Our detailed review of Funding Pips was last updated on 03.04.2024 at 10:44 (CE(S)T).

What are your individual opinions on Funding Pips and the services they offer? Do they align with the trading conditions and services you’ve been seeking?

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