Prop Firm Investigation: Is Funding Pips Reliable and Credible?
FundingPips, a proprietary trading firm founded by Khaled Ayesh on August 25, 2023, is headquartered in Dubai and offers traders the opportunity to trade with significant capital, earning up to 90% of the profits generated. This accessible platform caters to traders of all levels, providing a transparent, trader-focused approach designed by traders for traders.
Joining and Trading with FundingPips
The process for joining and trading with FundingPips involves several steps. First, traders must choose an evaluation program. FundingPips offers two main evaluation programs—a 1-Step and a 2-Step challenge—as well as limited-time challenges with instant funding options that do not require simulated account trading. Account sizes start as low as $5,000 and can go up to $100,000 initially, with opportunities to scale up to $2 million through their growth program.
Next, traders pay a fee that starts around $29 to $36 depending on the program and account size they select. After payment, traders must meet specific profit targets and adhere to drawdown limits within the evaluation phase. For example, there is a maximum total drawdown of 6% for 1-Step and 3-Step programs and 10% for 2-Step models. A minimum trading period of 3 days applies before passing the evaluation.
Evaluations have no deadlines, allowing traders to progress at their own pace without forced time limits. Traders use supported platforms such as MetaTrader 5 (MT5), cTrader, Match-Trader, or TradeLocker to trade instruments including Forex, CFDs on indices, commodities, and cryptocurrencies.
Upon successfully completing the evaluation phase, traders receive a funded account starting from $5,000 up to $300,000 initially. From there, top traders can scale their capital up to $2 million through a growth plan. Profit splits range from 60% to 100% in favor of the trader, and payouts are processed reliably and weekly, with no delays or denials reported.
FundingPips accepts traders from most countries worldwide, except for residents of the United Arab Emirates, Vietnam, and Iran. MT5 access is restricted for U.S. and Canadian traders.
Trading Paths and Leverage
Funding Pips offers three paths for traders: Beginner, Experienced, and Expert. The leverage for all paths is 1:100. Traders can open and close transactions on the weekend and use leverage. The profit target for the beginner path is 8%, while the profit target for the experienced trader path is 5%. The experienced trader phase involves confirming results without breaking any rules.
The trading period, minimum trading day, maximum daily loss, and maximum loss for both beginner and experienced trader paths are unlimited, 0, 5%, and 10% respectively. Funding Pips increases account balance every month for the first 3 months (10%, 15%, and 20% respectively). There are no minimum or maximum time limits to reach performance objectives.
Reputation and Withdrawals
FundingPips has a good reputation on Trustpilot, with an average rating of 4.8 out of 5 for over 900 reviews. Withdrawals can be made in cryptocurrencies or by bank transfer. The entry fee for joining Funding Pips varies between $32 and $399.
In conclusion, FundingPips offers traders of all levels access to substantial capital, flexible evaluation rules, and scalability up to $2 million in trading funds. Its transparent, trader-focused approach and good reputation make it an attractive choice for those seeking to grow their trading skills and profits.
Summary Table of Key Steps
| Step | Details | |---------------------------|-----------------------------------------------------| | Evaluation programs | 1-Step, 2-Step, instant funding challenges | | Minimum fee | Approximately $29-$36 | | Account sizes | $5,000 to $100,000 initially, can scale up to $2M | | Profit targets/drawdowns | 6%-10% max drawdown, minimum 3 days trading | | No time limit | Yes | | Trading platforms | MT5, cTrader, Match-Trader, TradeLocker | | Instruments | Forex, indices, commodities, cryptocurrencies | | Profit split | 60% to 100% | | Payout frequency | Weekly | | Regional restrictions | No service to UAE, Vietnam, Iran; MT5 restricted US/CA| | Trading paths | Beginner, Experienced, Expert | | Leverage | 1:100 | | Weekend trading | Yes | | Profit targets | Beginner: 8%, Experienced: 5% | | Trading period | Unlimited | | Max daily loss | 5% | | Max loss | 10% | | Account balance increments| First 3 months: 10%, 15%, 20% | | Withdrawals | Cryptocurrencies, bank transfer | | Entry fee | $32-$399 | | Reputation | 4.8 out of 5 on Trustpilot |
- Investing in trading opportunities with FundingPips requires choosing an evaluation program, paying a variable fee, adhering to profit targets and drawdown limits during the evaluation phase, and using supported platforms for trading forex, CFDs, and cryptocurrencies.
- The wealth-management firm's personal-finance solutions cater to traders of all levels, providing three trading paths—Beginner, Experienced, and Expert—with leverage of 1:100, and profit targets ranging from 5% to 8%.
- Traders can scale their business ventures with FundingPips, as the platform offers accounts starting from $5,000, with growth plans allowing accounts to reach $2 million. Additionally, profit splits can be as high as 100%, and payouts are processed weekly.
