Funding Pips Review: Are They Legit? My Honest Take

Hi there. Welcome to my Funding Pips review.

There are a ton of proprietary trading firms in the market. However, it’s quite a challenge to find a reliable one.

I have researched over 200 financial companies, including many prop firms. This time, I’ll be going through Funding Pips prop firm to help you determine if they are worth your money or not.

Funding Pips Pros and Cons

Pros

• Up to 80% of profits are shared.
• Excellent Rating on Trustpilot
• Gratitude for Profit Sharing
• Superb Assistance Scaling of Team Capital
• Outstanding assistance for traders
• Collaborates with a respectable, licensed broker Weekly payout schedule for easy withdrawals
• No limitations on trading for clients
• Competitive internet prices 

Cons

• There’s no free trial available on the platform.
• Comparatively recent in the forex industry
• Mixed feedback from customers and issues 

What is Funding Pips?

On August 25, 2022, Funding Pips, with its headquarters located in Dubai, United Arab Emirates, joined the trading scene. Their main goal is to give traders especially those who are dealing with capital constraints access to large funding, up to $2,000,000. Funding Pips, in collaboration with Black Bull Markets as their broker, presents an alluring profit-sharing plan that ranges from 80% to 90%.

Funding Pips is based in a good position at IFZA Business Park, Premises No. 19448-001, Dubai, United Arab Emirates.

The company’s goal is to provide its customers with outstanding services. They are proud of their group of extremely skilled and seasoned individuals who are fully dedicated to delivering outcomes that are above and beyond expectations. Aiming to be at the forefront of funding services for traders globally, Funding Pips is committed to excellence and innovation.

One of the newer private trading companies in the forex market that lets traders trade with their own money is Funding Pips. They provide traders with a wide range of funded accounts so they can choose the ones that best fit their needs.

Additionally, the company provides traders with a wide range of trading tools, including assets that are often traded such as cryptocurrency and forex pairings, among others.

Funding Pips is known for its affordability, as traders may open a funded account for as little as $32. Following the set trading guidelines and hitting the designated profit goals are essential to the program’s success.

Your trading account’s continued prosperity may make it possible for you to take part in its scaling strategy. Your account balance can increase to 20% of its starting amount with this plan, providing a significant incentive for regular performance. 

Owner/Founder Of Funding Pips:

The dynamic 28-year-old entrepreneur Khaled Ayesh is in charge of Funding Pips, a proprietary trading service. He is an important player in the business’s operations as both the owner and CEO. Within the company as well as among his peers, Khaled has established a stellar reputation for proficiency in gold trading. His achievements are not limited to his work life; they also extend into his personal life, making him a remarkable success story in both domains. 

Funding Pips Funding Programs and Challenges: Rules and Requirements 

Funding Program Accounts for Pips Evaluation

Funding Pips provides a range of evaluation program accounts that differ in size and cost, all aimed at identifying skilled and reliable traders. 

Evaluation Program Structure

• Leverage: Trade with 1:100 leverage
• Account Sizes and Prices:
  • $5,000 – $32
  • $10,000 – $60
  • $25,000 – $139
  • $50,000 – $239
  • $100,000 – $399

Evaluation Phases

• Phase One:
  • Objective: Reach an 8% profit target.
  • Limits: Stay within a 5% maximum daily loss and 10% maximum loss.
  • Time Requirements: No minimum or maximum trading day requirements.
• Phase Two:
  • Objective: Reach a 5% profit target.
  • Limits: Same as Phase One.
  • Time Requirements: No minimum or maximum trading day requirements.

Payouts and Profit Split

• Funded Account: Achieved after completing both evaluation phases.
• Withdrawals: Minimum of 1% of the initial account balance.
• Payout Frequency: Initial payout after 5 days; subsequent payouts every 5 days.
• Profit Split: Ranges from 80% to 90%, based on funded account profits.

Evaluation Program Scaling Plan

• Increases: Based on successful payouts and total profit.
• Drawdown Increases: Daily and maximum drawdown increase with successful scaling.

Example Scaling Milestones:

• After 4 Payouts (10% Total Profit):
  • Qualify for a 20% account increase; maximum drawdown increases to 11%.
• After 8 Payouts (20% Total Profit):
  • Qualify for a 30% account increase; daily drawdown increases to 6%, maximum drawdown to 12%.
• After 12 Payouts (30% Total Profit):
  • Qualify for a 40% account increase; maximum drawdown increases to 13%.
• After 16 Payouts (40% Total Profit):
  • Qualify for the Hot Seat with unique benefits.

Hot Seat Benefits

• Double initial account balance
• Personal support and advanced trading tools
• On-demand payouts
• Increased profit split to 90%
• Potential access to $2,000,000 by scaling
• Customized trading conditions
• Monthly bonuses

Monthly Bonuses (Hot Seat Status)

• $5,000 – $100
• $10,000 – $200
• $25,000 – $300
• $50,000 – $400
• $100,000 – $500

Trading Instruments:

• Available Instruments: Forex pairs, commodities, indices, and cryptocurrencies.

Evaluation Program Account Rules:

• Profit Target: 8% for Phase One, 5% for Phase Two; no targets for funded accounts.
• Maximum Daily Loss: 5% for all account sizes (increases to 7% when scaling).
• Maximum Loss: 10% for all account sizes (increases to 14% when scaling).
• No Hedging Allowed: Hedging strategies are not permitted.
• Third-Party Copy Trading and EA Risk: Caution regarding potential denial of funded account/withdrawal if exceeding maximum capital allocation rule.

Funding Pips Broker: Do They Use a Reliable Platform?

Funding Pips uses the regulated Black Bull Group Limited, a reliable broker, to execute trades on the MetaTrader 5 platform. Their commitment to maintaining regulation and dependability is further evidence of their devotion to giving their clients a safe and effective trade environment.

BlackBull Markets has been chosen by Funding Pips as its reliable broker, establishing a strategic alliance that is essential to the company’s operations.

BlackBull Markets is committed to provide customers the best possible trading experience on its own. They accomplish this by utilizing cutting-edge trading technologies and providing outstanding client support. Their primary objective is to provide clients with access to a vast array of markets, enabling them to diversify their investment portfolios in ways that aren’t achievable through traditional platforms.

When it comes to trading platforms, BlackBull Markets makes use of MetaTrader 5 to enable traders to interact with financial markets. This platform is well-known for having strong tools and features, which makes it a top option for traders trying to carry out their strategies successfully. The alliance with BlackBull Markets demonstrates Funding Pips’ dedication to providing its customers with a safe and cutting-edge trading environment. 

Funding Pips Fees: How Much Do They Charge?

Funding Pips offers various fee structures depending on the type of account and evaluation program selected. Here are the main details:

1. One-Step Evaluation:
   • $10,000 Account: $59
   • $25,000 Account: $139
   • $50,000 Account: $219
   • $100,000 Account: $349
   • Profit Target: 12%
   • Maximum Daily Loss: 4%
   • Maximum Total Loss: 6%
2. Two-Step Evaluation:
   • $10,000 Account: $156
   • $25,000 Account: $156
   • $50,000 Account: $266
   • $100,000 Account: $444
   • Phase 1 Profit Target: 8%
   • Phase 2 Profit Target: 5%
   • Maximum Daily Loss: 5%
   • Maximum Total Loss: 10%
3. Three-Step Evaluation:
   • $10,000 Account: $59
   • $25,000 Account: $139
   • $50,000 Account: $219
   • $100,000 Account: $349
   • Profit Target for Each Phase: 5%
   • Maximum Daily Loss: 4%
   • Maximum Total Loss: 6%

Scaling Plan and Additional Features:

• Funding Pips offers a comprehensive scaling plan where traders can increase their account balance based on consistent performance.
• For example, achieving 4 successful payouts and 10% total profits increases the account balance by 20%.
• Traders who reach the highest level (Hot Seat) can double their initial account balance and enjoy benefits like on-demand payouts and a 90% profit split.

Other Fees:

• A commission of $2 per round lot on forex trades.
• No minimum or maximum trading days during the evaluation phases.
• Traders can use various trading platforms including Match-Trader, cTrader, and TradeLocker.

These fees and conditions are designed to be competitive and provide flexibility for traders to grow their accounts and maximize their profitability while adhering to risk management rules.

Funding Pips Proof of Payment:

August 25, 2022, was the formal day of incorporation for Funding Pips, which is a developing trading entity. Since its establishment, Funding Pips has established a solid reputation for making it easier for traders to obtain funding for their trading ventures. Their legitimacy is further bolstered by the large number of payment proofs from traders who have successfully obtained funding and received profit splits from the business.

Requesting a payout is a simple process for traders who are using Funding Pips. You can start a payout request when your funded account’s first trade is done. Offering a sizable profit split of 80% to 90%, the profit-sharing arrangement is alluring. Additionally, this flexibility is provided if you choose to keep your winnings in the trading account or find that you have no profits at the time of withdrawal. You are free to ask for a payout whenever it’s convenient for you.

The speed with which Funding Pips processes payouts is a notable feature of their service. The company guarantees that traders can access their funds quickly by processing withdrawal requests, on average, within three hours of submission.

Traders looking for concrete proof of Funding Pips’ ability to honor compensation commitments can consult several sources of payment proof. Interviews with funded traders who discuss their experiences and offer concrete evidence of profitable payouts are featured on their official YouTube channel. Furthermore, the Funding Pips Discord channel has a special section called “payout-proof,” where you can find certificates given to people who have satisfied the requirements for profit splits. This further validates the company’s dedication to openness and meeting its financial obligations to its traders. 

Funding Pips Customer Support: 

Funding Pips keeps up an active social media presence, which makes it easier for traders and potential participants to find it.

You can find Funding Pips on the following platforms:

1. Facebook
2. Instagram
3. YouTube
4. Twitter
5. Discord

Interacting with Funding Pips on various social media platforms provides an easy approach to remaining informed about the most recent advancements, industry trends, and community exchanges. These networks give traders a way to interact, exchange stories, and get company information in real time.

The company has a thorough FAQ page for individuals looking for particular information about Funding Pips and the guidelines controlling participation in their evaluation program. This FAQ page is a useful tool that answers often-asked questions and offers crucial information about the needs and operations of the business.

Apart from the FAQ section, Funding Pips also keeps a reachable support staff. Through their social media platforms, they are easily reachable, providing prompt support and responding to questions or issues. You can also email support@fundingpips.com to the support team for more individualized and direct help. This multifaceted approach to communication and support highlights Funding Pips’ dedication to making sure traders get the tools and support they require for smooth business dealings. 

Similar examples include Tradiac, FXIFY and Concept Trading.

What makes Funding Pips unique?

Funding Pips sets itself apart from several top-tier proprietary trading companies in the market by providing traders with a great deal of trading style versatility. In contrast to the majority of its rivals, Funding Pips places little limitations on the activities of traders. It is permissible for traders to trade on the weekends, keep positions overnight, and participate in trading operations during news events. It’s crucial to remember that the company vehemently forbids using any kind of hedging strategy.

Unlike other proprietary trading companies, Funding Pips has developed a special two-phase assessment program. Prior to being eligible for payments, traders must successfully complete both phases of this program. Trading professionals must hit an 8% profit target in phase one and a 5% profit target in phase two. The traders are required to follow a maximum loss of 10% and a maximum loss of 5% each day during both periods.

The Funding Pips evaluation program’s lack of minimum or maximum trading day restrictions in both rounds is an intriguing feature. This adaptability frees traders from strict time constraints to modify their trading strategies in response to changing market conditions.

Moreover, Funding Pips sets itself apart from its counterparts in the business by incorporating a scalability strategy into its assessment initiatives. With this strategy, traders can increase the size of their accounts and the amount they can withdraw depending on how many payouts are successful and how much money they make overall. This scaling plan differentiates itself from other proprietary trading organizations in the market with its low-profit targets, lack of minimum or maximum trading day criteria, and simple trading guidelines. 

Funding Pips Reviews: What Do Their Customers Say?

Funding Pips is rated 4.8 stars out of 5 on Trustpilot, where 1,285 consumers have left reviews. On Trustpilot, their company is verified. The business is doing really well on this platform. 

Below are the summaries of some of the Funding Pips reviews I found on the platform.

#1. They are genuine; occasionally, the assistance makes it difficult for you to understand certain things, but they remain the best. I hope they also include cryptocurrency payouts for payouts exceeding $500. After six months of working with them, all I can say is that FP is unquestionably one of the genuine ones, if not the only one, and that the CEO, Khaled, is the greatest!

#2. I was pleased with fundingpips’ expeditious customer service. For traders, trading became more appealing and simpler with this quickest withdrawal time of five business days. I value how quickly they handle clients and solve problems. But instead of one or three working days, I would for financing pips to authorize withdrawals in no more than 24 hours.

#3. Avoid doing business with them; after paying with a credit card, I still haven’t received my challenge account 24 hours later. Additionally, according to their murky terms and conditions, they do not give refunds. The challenge fee refund is only due on the fourth payout, which is clearly behind the industry standard. I find it quite frustrating that after paying for a challenge, you shouldn’t have to wait days to receive it. 

#4. To make us traders less profitable, they adjusted the spreads on the bitcoin pair; they jumped from a few dollars to 60–75 dollars. All they say when you bring up this issue is that they are working on a fix. I was unable to attend Sunday’s open and lose out on the 5% profit that their platform match trader has made since opening because of issues with rejecting orders. In addition, they have stringent policies about IP addresses, copying your own trades, and refunds after the fifth payout. Steer clear of

However, it’s worth noting that the number of complaints against this company is extremely low. Most of their reviews are positive and praise their tools and challenges.

Conclusion:

For traders looking for money, Funding Pips offers a variety of funded accounts with adjustable terms, making it an attractive option. Customer reviews emphasize good experiences, but it’s important to take slippage and server-related issues into account as well. It is recommended that traders carefully consider whether the platform is appropriate for their trading requirements and risk tolerance.

I suggest you check out more prop firms before choosing this one.