Greetings, I warmly welcome you to this Funding Pips Review.
Funding Pips has become an online project that aims to help traders succeed in the forex market through a unique funding system.
This effort seeks traders who want to achieve their financial goals by using their trading skills online.
However, it’s essential to question whether the program’s claims about its forex market expertise are true.
In this review, I will thoroughly analyze the whole project and explain what it’s really all about.
I will discuss the program’s main idea, how it works, how much it costs, and the potential benefits that interested people might get.
I aim to give you a complete overview so you can make an informed decision.
So, let’s start exploring!
Funding Pips Review Summary
Product name: Funding Pips
Product Type: Proprietary Firm.
Evaluation Fee: Starting from $32, depending on your chosen account size.
Founder/Owner: Khaled Ayesh
Official Site: https://fundingpips.com/
Overall Rating: 7/10
My Recommendation: Yes, but Not for everyone.
Funding Pips Review – Overview
Funding Pips program is one of the newly formed prop firms in the forex market offering traders an opportunity to trade with their capital.
The company has a comprehensive range of funded accounts, enabling traders to choose multiple preferred choices.
In addition, the prop firm provides traders with various trading instruments, including the most common ones, such as forex pairs, cryptocurrencies, and much more.
On the other hand, the prop firm is highly affordable, enabling you to own a funded account for as low as $32.
You only need to respect the trading rules set in the program and reach the required profit target to succeed in the platform.
If you maintain profitability in your trading account, you’ll stand a chance to qualify for their scaling plan.
In the scaling plan, your account balance will increase to 20% of the original balances.
In addition, the program relies on the Metatrader5 platform and trades with a regulated Black Bull Group Limited as its trusted broker.
As per the platform’s information, they consider your trading skills as their foundation, and their objective revolves around ensuring your success throughout your trading expedition.
They believe that as a trader, you go through three primary levels in your trading career: student, practitioner, and master.
The prop firm, therefore, divides its funding program into three categories to match its three levels of trade.
The prop firm then helps fund the traders, allowing them to trade with a total capital of up to $600,000.
Pros Of Funding Pips
- Offers profit share of up to 80%.
- Provides excellent trader support.
- Partners with a regulated broker with an excellent reputation online.
- A weekly payout system allows you to withdraw your money every week.
- Does not have any trading restrictions for customers.
- Has competitive pricing online
Cons Of Funding Pips
- Does not offer any free trial to customers on the platform.
- Still new in the forex market.
Who Should Join The Funding Pips?
Funding Pips, the proprietary trading firm, seeks skilled traders eager to unlock their trading potential and achieve success in the dynamic forex market.
Their primary aim is to extend funding opportunities to exceptionally talented traders who harbor aspirations of conquering the forex industry.
Through their dedicated funding program, the prop firm mandates traders to demonstrate their adeptness in forex trading to secure funding.
Consequently, to become a participant in this initiative, one must meet the criterion of being at least 18 years old and harbor a genuine enthusiasm for trading across the diverse array of instruments offered on the platform.
Furthermore, adhering to the program’s trading regulations is essential, as this is pivotal to optimizing trade outcomes.
It’s imperative to note that failure to uphold the stipulated trading regulations might curtail the benefits of program participation, potentially leading to account suspension.
Therefore, a mindful and disciplined approach to trading within their guidelines is crucial to deriving maximum value from this program.
What Is Funding Pips?
Funding Pips is a proprietary firm based in Dubai, UAE.
The prop firm offers traders an opportunity to generate a passive income on the forex market trading with their capital.
The prop firms are looking for highly skilled traders who want to explore their trading experience online to achieve financial freedom.
To start trading with the company capital, you must first pass the evaluation stage, which consists of two phases.
In addition, you must respect the rules of trading in the platform to ensure no rule is breached.
Recommended Prop Firm: Favorite Prop Firm
Who Is The Owner/Founder Of Funding Pips?
Khaled Ayesh, a vibrant 28-year-old entrepreneur, leads the Funding Pips prop firm as the CEO and owner.
With a remarkable track record, he’s renowned for his role in the company and as a skilled gold trader.
Transparency is a key 🔑
One of the prop owners out there bullying smaller props to give him/her revenue shares.
— Khaled | FundingPips CEO (@Khldfx) August 23, 2023
His achievements span his professional and personal spheres, marking him as a notable success story.
How Do The Funding Pips Work?
Funding Pips works by allowing you to make money on the forex market through their funding program.
When you join the prop firm, you must choose your preferred trading account and begin trading.
The prop firm provides up to five different account sizes in its funding program on the platform.
The account sizes include:
- $5,000 account size
- $10,000 account size
- $25,000 account size
- $50,000 account size
- $100,000 account size.
After choosing your account, there are two phases that you MUST pass for you to get a funded account on the platform.
The two phases include:
Phase One: The Student Phase
This initial phase of the program introduces you to the trading journey that requires you to define yourself in the trading platform.
It is the first stage of the evaluation process, where the prop firm requires you to showcase your trading skills in the forex market.
In this phase, the program requires you to meet a profit target of 8% while respecting the other rules in the platform.
This will allow you to move to the platform’s second phase of the evaluation process.
Once you pass the stage, you will automatically move to the second phase within 24 hours.
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Phase Two: The Practitioner Phase
This is the end phase of the evaluation process, also known as the verification stage, which enables you to move to a funded account.
During this stage, the program checks to see if you’ve successfully completed the initial phase by evaluating the results you achieved while working with the proprietary trading firm.
You are required to showcase your trading skills further and reach a profit target of 5% without violating any rule in the program.
After passing phase two of the evaluation stage, you’ll get the opportunity to get a funded account.
This is also known as the master account, which enables you to trade with the company capital and earn profits in the forex market.
Upon making profits on the platform, you’ll be eligible to make a withdrawal request after every seven days.
The number of days starts counting from the very first day you placed your first trade with your funded account.
In addition, you’ll be able to withdraw up to 80% of your total profits, enabling you to maximize your earnings and succeed in the program.
On the other hand, no profit target is set for you in the funded account, allowing you to trade at your targets.
However, you must follow other trading rules in the program to succeed.
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Funding Pips Trading Rules
The Funding Pips prop firm has the following trading rules:
In the first phase of the evaluation process, the prop firm sets a profit target of 8% of your initial balance.
For instance, if you are trading on an account size of $10,000, you must reach at least a $800 profit target to move to phase two.
In the second phase, the prop firm requires you to achieve a profit target of 5% of the initial account balance.
In this stage, you only need to reach a profit target of $500, that is, if you are trading on $10,000 to get a funded account.
Maximum Daily Loss Limit Of 5%
The Funding Pips program allows traders to lose 5% of their initial account balance daily.
If you lose more than 5% of your account balance in a single day, you’ll risk your account being suspended.
Your account balance should not decrease below $9,500 on a single day if you are trading on a $10,000 account balance.
Maximum Loss Limit Of 10%
The maximum loss is the total amount of money you should not lose in your account, calculated based on your initial account balance.
For instance, if your initial account balance is $100,000, you should not exceed $90,000 in your trading process.
The program only allows you to lose up to $10,000, equivalent to 10% of your initial account balance.
When you reach the master account, the program requires a stop loss on each trade within sixty seconds of each trade.
If you don’t have a stop loss, your trades will automatically close within sixty seconds of the execution.
The company does not require you to rush and build a lifetime within a day, as the trading process requires longer.
There is plenty of time on the platform that the program requires you to showcase your trading skills.
According to the prop firm, being dynamic is crucial, and focusing more on consistency is the best way to succeed in the program.
There are several trading instruments allowed on the platform, including the following:
- Forex pairs
The metals and Energies are accepted at $3 commissions per standard lot round turn.
However, the indices accepted in the platform are commission-free.
On the other hand, trading equities are prohibited on the platform, especially on the master or funded accounts.
For this reason, trading equities on the platform will lead to the violation of the trading account.
The prop firm allows you to trade with a leverage of up to 1:100 for forex pairs.
As for cryptocurrencies, the trading leverage is 1:2.
Indices have a trading leverage of 1:30, while metals and energies leverage 1:50 in the platform.
This higher leverage allows you to trade how you want and get the best out of your trades.
The prop firm offers a profit share of 80% of your total profits in your funded account.
You can request a payout every fifth day of trading in the funded account, provided your account balance exceeds the initial balance.
The program also offers an on-demand payout of up to 90% on traders who earn a hot seat to motivate you to trade more on the platform.
For you to request a scaling plan, your account balance must remain positive, with the trading achieving a profit target of 8% in your trades.
You must also maintain a minimal maximum daily drawdown in the previous month in the prop firm.
In the scaling plan, your account balance will be increased by 10% after successfully making the first four payouts.
In the second month, after making up to eight payouts, you will qualify for an account increase of up to 15% of your account balance.
In the last scaling plan, you’ll get an account increase of up to 20% in phase three after making 12 payouts.
Merging Of Accounts
The prop firm allows you to trade on multiple accounts with a total account balance not exceeding $600,000.
Each evaluation phase one and two accounts are traded individually in the program.
After completing the evaluation process, the program allows you to combine multiple accounts to form one account.
To merge your multiple accounts, you must send your request to the Funding Pips support team via their email address.
Once your registration fee payment is confirmed, you will get your account credentials immediately to start trading.
Changing your account credentials in the platform under any circumstances is prohibited.
Your account will therefore be automatically suspended if, at any point, you change your account credentials.
In addition, the prop firm does not allow traders to use signal bots, trade copiers, and trade management services.
The program constantly monitors the trading process of each trader and will automatically suspend any account with a breach detected.
During the evaluation stage, traders can trade during the weekend or hold their trades if they wish.
In addition, traders are allowed to trade or hold their trades overnight on the platform as they wish.
On the other hand, there is no trading period set in the platform for traders.
You only need to maintain your trading account active by placing at least one trade every thirty days of your trading.
This will enable you to continue trading in the platform and get the best out of your trades in the forex market.
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What Are The Benefits Of Joining The Funding Pips?
- Offers a scaling plan of up to 20%
The prop firm offers a scaling plan that enables you to maximize your earnings on the platform.
In the scaling plan, the company increases your trading account balance by up to 20%, depending on your level of trade.
The prop firm urges all its traders to maximize their trades and qualify for the scaling plan to earn more from the platform.
- Offers a profit share of up to 80%
Funding Pips is one of the prop firms with the best profit share in the forex market.
On this platform, you can earn up to 80% of the total profits you make from your trades.
The company aims to ensure you get the lion’s share of your total earnings and grow your account.
- Weekly payouts
The program lets you withdraw weekly to ensure money flows into your pocket.
The weekly withdrawals motivate trades to focus more on their trades and maximize their earnings.
In addition, the weekly payouts make it easier for trades to access their funds at smaller intervals than other platforms.
- Unlimited trading days
The prop firm understands that it takes traders much longer to understand the trading rules and how to respect them while trading.
For this reason, Funding Pips prop firm does not set any maximum and minimum trading days for their traders.
This allows you to trade at your speed to achieve the best out of their trades in the forex market.
What Is The Cost Of Joining The Funding Pips?
The cost of joining the platform depends on the account size you choose in the platform.
Up to five account sizes are available on the platform with unique prices.
The account sizes include:
- $5,000 account size costs $32.
- $10,000 account size costs $60.
- $25,000 account size costs $139.
- $50,000 account sizes cost $239.
- $100,000 account sizes cost $399.
Even though the prop firm provides you with multiple options, you have to only choose the one that suits your budget.
Funding Pips Payouts
Funding Pips program offers traders up to 80% of the profit share.
In their payout program, traders can make a withdrawal request after seven weeks of trading.
The number of days starts counting from the day you made your first trade on the platform.
After making your first payout, the program allows you to make subsequent payouts weekly.
In addition, the program allows you to qualify for a scaling plan, enabling you to increase your earnings on the forex market.
You only need to maintain your account balance positive and achieve the required profit target to succeed.
Kindly read the scaling plan section of this review to learn more about what the company offers.
On the other hand, the prop firm promises to refund the registration fee to traders.
However, the refund comes with its conditions; first, you must have passed the first and second phases of the evaluation stage.
In addition, the refund is only available after making the fourth payout of your profits in the funded account.
As for those traders who fail to get a funded account, they will not be eligible to benefit from the money-back service.
Is The Funding Pips A Scam?
In my opinion, Funding Pips prop firm is NOT a scam.
With this prop firm, you only need to pass their evaluation stage to get a funded account.
From there, you get a chance to trade and earn up to 80% of your profit share, which you will be eligible to withdraw after seven days of your trade.
In addition, the prop firm has a scaling plan to help you grow your trading account and maximize your earnings.
However, you must be able to trade in the forex market and maintain profitability to succeed in the program.
To prove your ability to trade, the program introduces the evaluation process you must pass to get to a funded account.
In the evaluation stage, you must showcase all your trading skills, risk management skills, and your ability to trade.
You must pass the set profit target while respecting the trading rules to succeed in the platform.
If you cannot pass their evaluation stage, you will not get the opportunity to trade with the company capital.
Related: The Talented Trader Review
My Assessment Of Funding Pips
Profit Splits – 8/10
Funding Pips prop firm is one of the platforms with the best profit share in the forex market enabling traders to earn up to 80% of their profits.
In doing so, traders get the opportunity to increase their earnings on the platform and achieve their trading goals.
In addition, the higher profit share enables traders to maximize more on their trades and get the best out of their trades.
Scaling Opportunities – 7/10
In the scaling opportunities, the prop firm allows traders to increase their account balance by up to 20% of their initial account balance.
The scaling plan aims to enable traders to grow their trading accounts and earn more from the forex market.
You only have to maintain your account balance positive with a consistent trade and achieve their required profit target to qualify for the scaling target.
Profit Targets – 7/10
The profit target in the prop firm is fairly realistic, enabling more traders to get a funded account.
Funding pips prop firms only set their profit target at 8% and 5%, respectively, in their evaluation stage of the prop firm.
In addition, you only have to reach these profit targets to get a funded account and start trading with the company capital.
Affordability – 5/10
Funding the Pips program is fairly affordable compared to other prop firms today.
You only need to raise a capital of $149 to get started in the prop firm, which is fairly manageable for most traders.
However, the pricing of the prop firm depends on the account size you choose to trade within the platform.
Trader Supports – 8/10
Funding Pips is one of the prop firms with the best trader support in the forex market.
In their support program, traders can interact with the expert team on the platform.
This strategy enables the company to ensure that more traders can reach a funded account to fulfill their trading dreams.
Tradable Assets – 7/10
Various tradable assets are accepted in the prop firm that is most common in the forex market.
This enables traders to trade the best instruments and get the best out of their trade.
In addition, accepting more tradable assets enables traders to have multiple choices of instruments to trade.
Funding Pips platform has an excellent reputation online despite being new in the market.
This is due to its excellent services, affordability, and great customer support in the platform, making the company maintain its traders.
My overall rating
The prop firm provides a solid chance to trade in the forex market using its funds.
When stacked against other prop firms, Funding Pips stands out with a respectable 7/ 10 rating, positioning itself as one of the most promising emerging prop firms.
Surprisingly, even though the firm is relatively new to the scene, its platform’s services are so good that traders are sticking around and keeping the firm vibrant online.
What Are People Saying?
Here is what people are saying about Funding Pips online:
Funding Pips prop firm has an excellent review on Trustpilot with a 4.9/5-star rating.
This is a review from a sample of over 470 people.
Check out the distribution of the ratings:
Funding Pip prop firm has more than 10,000 followers on its Instagram page after more than 42 posts.
The Funding Pips platform has an excellent online reputation, making it one of the first growing prop firms in the forex market.
FAQs About Funding Pips Prop Firm
Can I Sign Up For Multiple Challenges In The Funding Pips?
The platform allows traders to sign up for multiple challenges provided their total trading capital does not exceed $600,000.
In addition, you have to pass each of your challenges individually and are not allowed to copy-trade with your multiple challenges.
The program also allows you to merge multiple accounts to form one funded account and maximize your capital.
Can I Get A Second Chance In The Funding Pips Challenge, Aka Free Trial?
Funding Pips prop firm does not offer free trials for their traders on the platform.
The evaluation program in the platform has no time limit allowing traders to trade at their speed.
For this reason, the program doesn’t provide any free trial for their traders on the platform.
How Do I Get Funded By A Funding Pips Prop Firm?
To get funded by Funding Pips prop firm, you must pass the two evaluation processes.
The program requires you to showcase your trading skills in the evaluation process before you get an opportunity to get a funded account.
The company requires you to maximize your trades and generate a passive income in the funded account.
How Long Can I Be Inactive On A Trading Account On The Funding Pips?
The platform will automatically suspend if your funded account remains inactive for more than thirty days.
This will limit you from trading in the platform as you must purchase a new trading account challenge to continue trading there.
For this reason, you must place at least one trade on the platform within thirty days to keep your account active.
What Happens If I Breach A Treading Objective/Rules In Funding Pips?
If you break any of the trading rules set in the platform, all your open trades will be automatically closed.
In addition, your account limit and stop orders will be automatically canceled, and your account will be converted to read-only mode.
However, the prop firm lets you know which trading rule you have breached and at what time in their website dashboard.
Thank you for reading my Funding Pips Review.