Funding Pips Review ☑️ : Is Funding Pips Scam or Good Prop Trading Firm (2024) (2024)

1. What is Funding Pips?
2. Funding Pips Pros Cons
3. Is Funding Pips Legit?
4. Funding Pips Challenge
5. Funded Account
6. Account Conditions
7. Payout
8. Funding Pips Alternative

Our Review Method

• 55Brokers Financial Experts with over 15 years of experience in Trading check and verify carefully Proprietary Trading Firm offerings and what the challenge you have to pass to become a Funded Trader to give an expert opinion on Funding Pips and its reliability

What is Funding Pips?

Funding pips is designed to identify trading talents and assist them in overcoming funding obstacles. They achieve this by offering an evaluation process that, upon successful completion, allows traders to manage funds up to $300,000. This prop trading firm positions itself as a supportive platform for traders seeking to leverage their skills with capital provided by the firm, aiming to foster a community of successful and financially empowered traders

Being a Prop Trading Firm Funding Pips offers a unique opportunity to engage in Real Trading almost with no Funds needed but to become a Funded Trader meaning trade with Company Funds. All that trader have to do is pass a Test or Challenge to obtain Funded Account and then trade with a Company Account as a Professional Trader, read more about Prop Trading here. Yet, read more about our finds below as there are some efficient risks you need to consider before engaging.

Is Funding Pips Legit?

Funding Pips is based in Cyprus, also mainstays on technology providers from UAE so is a owned by the company established in UAE – GrowthNext F.Z.C. Which makes Funding Pips quite a stable offering among the industry. So in the operation sense Funding Pips is a Legit firm that holds necessary license in the area they operate.

• However, as a typical rule, compared to Forex Brokers, Prop Trading firms are not operating under the Forex Broker license, therefore, are much less regulated and are not overseen by the industry regulators, as such are not highest level safe, since company is the one who maintains the whole operation and giving Funds to run Trading activity, so is important to understand all risks involved.

Is Funding Pips Scam?

We checked the company legit information through the official website and did not find evidence for the Funding Pips company to be a scam. Yet, since Prop Trading Firms are almost no regulated by the financial authorities it is hard to define Scam or True nature of the firm.

As our professional advise, it is best to learn well about Prop Trading, understand risks and choose Company with a good reputation also one operate for many years so the proposal is more stable. Yet, since you do not invest much money to trading but just pay subscription fees the potential losses still considered lower if compared to engaging into Real Trading with your own funds.

Funding Pips Challenge Evaluation Rules

Getting to the most important point in our Funding Pips Review is to check how the evaluation challenge is established and what are the conditions to sign-in for trading challange. It means what kind of test you have to pass in order to obtain Funded Trading Account and become a Proprietary Trader, also what are your costs as a trader to become one typically based on Registration Fee.

• The main goal of Challange or Test to prove your trading ability, while the Evaluation divided in 2 phases at Funding Pips with profit targets based on the Account Size you choose. Typically 1 Phase rules are more tight, while Phase 2 gives slightly wider conditions alike to Drawdown mainly caters to prove the sustainability of your trading activity along the time.

Account Balance and Registration Fee

Before you get started for Funding Pips login you will need to select the Model and Account Balance for which you would like to qualify for, based on the size you choose the conditions of the challenge are slightly different. Besides it reflects on registration fee, which you have to pay to the company to participate into the challenge, yet Funding Pipsoffers a refund of the fee once you become Funded Trader.See our Registration Fee comparison table below:

• Funding Pips provides two main Models for Evaluation – Stellar and Express, which vary mainly by time limit and no time limits, also in profit targets and Trading Rules, where Stellar allows more startegies to use also requires less profit target compared to Express, but there is a certain timeframe to follow.
• Overall, Funding Pips Fee conditions and Account Balances are quite attractive, we found account size and fees starts from lower than competitors’ level, which is a plus.
• Funding Pips provides quite a diverse range of starting balance options which includes $6,000, $15,000, $25,000, $50,000, $100,000, or $200,000. Also, there is Express Non-Consistency Challenge with slightly different balances offered.

Profit Target

So the challenge itself includes numerous rules you have to follow to prove your sucessful strategy and performance, one the most important parameters is Profit Target, which is set based on the Challange you select. At Funding Pips your profit target is typically 10% at Stellar Model. However, for different funding models the percentage of profit target is different too, alike Express requuires 25% Profit, so be sure to verify all conditions well before signing in.

Maximum Loss

That is another challanging rule included in ever Prop Trading test, it is important to clarify there are two Loss levels important to follow, one is Maximum Daily Loss set to 3% for all Account at Funding Pips and Maximum Overall Loss set to 6%. Where the daily loss limit is a cumulative PnL of open and close positions for the day. Besides, based on the Funding Pips plan you choose either Stellar or Express Loss slightly varies too, alike in Stellar Phase 2 it is 5% Daily and Overall is 10%.

• To clarify well All set rules have to be in line at the stage of challenge, otherwise your test will be canceled and you will either have to reset it, meaning pay another reset fee to participate to challenge from the beginning.

Minimum Trading Period

Another important rule typically used in Proprietary Trading tests is to be Profitable within minimum of the required days or periods. As we notice in Funding Pips, the minimum of trading days are set to 5 for all account sizes.

See detailed table with Funding Pips Challange conditions based on Account Size:

Free Trial

Based on our finding Funding Pips does not offer Free Trial, however there is another very unique offering we only find at Funding Pips where trader can get 15% profit share obtained during the challenge, so you can get a portion of the profits during the test itself.

Funding Pips Funded Account

Once the test or the challenge is successfully passed trader will get his Funed Account set, which may typically take few business days to activate. It is important to note, that the account conditions and balance will be exactly as the one you qualify for in your test, in case you would like to change Account to higher grade there will be a need to pass test from the very beginning for the Account Balance you prefer to trade with.

Profit Split

At Funding Pips once the targets achieved and Funded Account been granted, you will start trading on Funding PipsAccount with an 80% profit split which along the successful performance can be increased all the way up to 90% based on your performance, that we found in our evaluation quite attractive porposal.

Payout and Withdrawals

Based on our research, challenges can be paid in numerous convenient ways while the payments will attract no additional processing fees. Another good point at Funding Pips we found are quite fast Payouts, which company states to be within around 5 hours.

And additional great plus for Funding Pipsis that company offers 15% profit share on your challenge, which we didnt see any other Prop trading firm offers.

Withdrawal Method

There are various convenient methods offered by Funding Pips Prop Trading Firm once you wish to withdraw funds from you Funded Account. Those Methods include Perfect Money, Crypto Transfers via USDT, USDC, also clasic Bank Transfer, and Wise.

Account Conditions

For Account Conditions themselves, we check carefully whether Broker has various account preferences, also what Platforms, Instruments and Trading Costs are applicable. It is also important to check Leverage levels and Trading conditions offered, since some Brokers may restrict some startegies and do now allow specific practices in Funded accounts, which may result in loss of Account therefore to regain it you will need to pass the test again. See detailed breakdown below:

Trading Instruments

Trading Instruments Range offered by Funding Pips is quite modest and includes only Currency Pairs, Commodities and Indices, however these are mostly traded instruments by majority of Forex Traders so we consider offering still favorable. Nevertheless, if you prefer other Instruments like Stocks or Futures to trade better to consider alternative Prop Firm.

Funding Pips Commission

Another point we check is the Commission or Spread on the trades themselves, this conditions are quite favorable at Funding Pips as the Broker offers Commission basis of only 3$/Per Lot per round for COmmodities and Currencies, and 0$ for Indices, which is lower than industry average too.

Leverage

Funding Pips Leverage which you can use to the trading account in both stages under the Challenge and once you become Funded trader is offered up to 1:100 for all instruments.

Funding Pips App Platform

We found Funding Pips offerings popular MetaTrader platforms, including both verstions MT5andMT4 also company cooperates with MetaQuotes and other technology providers, which is quite good. However, there is no any other Platform offered, so if you prefer different software good to consider Alternative proprietary Trading Companies.

Trading Conditions

Based on our findings, the Funding Pips broker offers two account conditions eith Swap Accounts suitable for swing trading or swap free accounts available in all challenges available for trader who prefer to avoid overnight charges.

• Popular conditions like News Trading, Swing Trading, EA Trading and Weekend Holding are all Permitted in Funding Pips. Besides, trader can use Copy Trading from another Funding Pips account, which is an extra benefit for various strategy traders. Yet, important to note there are some restrictions too like HighFrequency Trading, Latency Trading and Arbitrage are not permitted.
• As for Funding PipsSlippage typically it does not occur, however during News Trading company restricts open and close of any trade 5 minutes before and after the news, since that is a typical time slippage may happen.

Funding Pips Promotions

As we noticed, the company runs some promotions with available Funding Pips Coupone for discounts available from time to time, as well may include some Funding Pips discounts alike Reset Discount. Yet, conditions usually provided on a temporary basis so good to verify this upon your signing in.

Funding Pip Alternative Brokers

Considering all finds about Funding Pips we conclude Firm to be quite an attractive opportunity for Funded Traders, company offers very good costs compared to industry competiton and opportunities to engage with various programs with lower programs and costs to choose from, which opens up more opportunities for traders with less costs.

Yet, is always good to consider and compare proposal to other Prop Trading Firms, so some of the popular ones may offer similar conditions or might be more suitable for particular traders alike for better choice of instruments and other than MetaTrader platforms. Yet, there are some obvious advantages of Funding Pips exists too, see our selection of alternatives below also table comparing FUndedNext to other Companies:

• FTMO — Great Swing Trading Prop Firm
• True Forex Funds —Good for USA Trading on Funded Accounts
• The Funded Trader — Best for Higher Account Size

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