FundingPips Review: Pros, Cons, Features & Real Trader Feedback

The prop trading industry has exploded over the past few years, and FundingPips has positioned itself as one of the most talked-about names in the space. Founded in 2022 by Khaled Ayesh and headquartered in Dubai, this proprietary trading firm has already distributed over $125 million in payouts to traders worldwide. With a 4.5-star Trustpilot rating based on more than 36,000 reviews, the company has built a reputation for transparency and trader-focused policies.

But does FundingPips live up to the hype? This comprehensive review examines everything from evaluation challenges and profit splits to payout speeds and real trader complaints. Whether you’re considering a funded trading account or comparing prop firm options, this guide will help you understand what FundingPips offers, where it excels, and where it falls short. We’ll cover the platform’s unique features like Tuesday Payday, the Hot Seat Program, multiple evaluation models, and the zero payout denial policy that has become central to the firm’s identity.

What is FundingPips?

FundingPips operates as a prop trading firm that provides traders with access to simulated trading capital after they successfully complete an evaluation process. Unlike traditional brokers where you risk your own money, prop firms like FundingPips allow you to trade with the firm’s capital in a simulated environment and earn real payouts based on your performance.

The company offers evaluation accounts ranging from $5,000 to $100,000, with the potential to scale up to $2 million through its growth program. Traders can access major asset classes including Forex pairs, indices, commodities, and cryptocurrencies across multiple platforms including MT5, cTrader, Match-Trader, and TradeLocker.

Legal Structure and Regulation

FundingPips operates under two entities: ANKH PROP FZCO, registered in the United Arab Emirates (registration number 19948), and FundingPips Corp, registered in the Comoros (registration number HY01223081) with license BFX2024004. While the firm is not regulated by major financial authorities like the FCA or ASIC, it has obtained three ISO certifications and implements strict KYC verification processes to maintain security standards.

It’s worth noting that prop trading firms generally operate in a regulatory gray area since they provide simulated accounts rather than actual market access. According to Investopedia’s guide to prop trading, this model shifts risk away from individual traders while allowing firms to profit from successful trading performance.

Key Features of FundingPips

Multiple Evaluation Models

FundingPips stands out by offering four distinct pathways to funding, each designed for different trader profiles and risk appetites:

1-Step Evaluation

• Single challenge phase before funded account
• Profit target: 8% in standard plans
• Leverage up to 1:100 on Forex
• Ideal for confident, experienced traders
• Starting at $59 for a $5,000 account

2-Step Standard Evaluation

• Two-phase assessment (Phase 1 and Phase 2)
• Phase 1 profit target: 8%
• Phase 2 profit target: 5%
• More forgiving structure with verification stage
• Popular among intermediate traders

2-Step Pro Challenge

• Lower profit targets at 5% for both phases
• Maximum leverage capped at 1:50
• Stricter risk parameters
• Designed for steady, conservative traders

Zero Program (Instant Funding)

• No evaluation required
• Immediate access to funded account
• Higher upfront fees
• Consistency score requirement of 45%
• 95% profit split from day one

Profit Split Structure

One of FundingPips’ most competitive features is its profit sharing model:

• Standard accounts: Start at 60-80% profit split
• Hot Seat Program: Achieve 100% profit split after 16 successful payouts
• Zero Program: 95% profit split immediately
• Profit splits increase with consistent performance
• No hidden deductions beyond processing fees

Payout Options and Speed

The firm has revolutionized payout processing in the prop trading space with several options:

• Tuesday Payday: Weekly payouts every Tuesday (80% split)
• Bi-weekly payouts: Every two weeks
• Monthly payouts: Traditional monthly schedule
• On-demand payouts: Available for Hot Seat members (100% split)
• Processing time: Typically 12-48 hours after approval
• Minimum withdrawal: 1% of account balance (including firm’s share)
• Payment methods: Bank transfer, crypto, Visa/Mastercard instant payments

According to multiple trader reviews, the payout speed is genuinely impressive, with many reporting receipt within 24 hours.

Hot Seat Program

The Hot Seat Program represents FundingPips’ elite tier:

• Access to up to $2 million in trading capital
• 100% profit split
• On-demand withdrawals
• Monthly bonuses up to $500
• Personalized WhatsApp support
• Requires 16 successful payouts to qualify
• Exclusive trading conditions

Trading Conditions

Available Instruments:

• 40+ Forex pairs (major, minor, exotic)
• Major indices (US100, US30, etc.)
• Cryptocurrencies (Bitcoin, Ethereum, etc.)
• Commodities (Gold, Silver, Oil)

Leverage:

• Forex: Up to 1:100 (standard) / 1:50 (Pro)
• Indices: Up to 1:10
• Commodities: Up to 1:20
• Crypto: Up to 1:2

Commission Structure:

• Forex: $5 per lot (standard), $7 per lot (Pro)
• Indices: Commission-free
• Commodities: Commission-free
• Spreads: Competitive but not publicly disclosed

Trading Platforms:

• MetaTrader 5 (MT5) – except US and Canada
• cTrader
• Match-Trader
• TradeLocker

Trading Rules

Allowed:

• Expert Advisors (EAs) and trading bots
• All trading strategies
• Holding positions overnight
• Weekend holdings (except Zero Program)
• News trading during evaluation phases
• Copy trading between personal accounts

Prohibited:

• Trading 10 minutes before/after high-impact (red) news events on funded accounts
• Hedging across multiple accounts
• Group trading or account sharing
• Exploitation of platform glitches
• Tick scalping
• Arbitrage trading

Drawdown Limits:

• Daily loss limit: 5% of starting balance
• Maximum loss limit: 10% of starting balance
• Static drawdown: Does not trail with profits
• Minimum trading days: 3 days required in challenges

Pros of FundingPips

1. Low Entry Costs

FundingPips offers one of the most accessible entry points in the prop trading industry. The $29 evaluation fee for a $5,000 account (with discount codes) makes it possible for traders with limited budgets to get started. Even the $100,000 evaluation costs only $399, which is competitive compared to firms like FTMO or The5ers.

2. No Time Limits

Unlike many prop firms that impose strict deadlines, FundingPips gives traders unlimited time to complete their evaluation phases (except the Zero Program). This removes unnecessary pressure and allows traders to wait for optimal market conditions rather than forcing trades to meet arbitrary deadlines.

3. Fast Payout Processing

The Tuesday Payday feature and instant card payments represent genuine innovation in the space. Multiple verified reviews confirm that traders receive payouts within 12-48 hours, with some reporting same-day processing. This is significantly faster than industry averages of 3-7 business days.

4. Zero Payout Denial Policy

According to company statements and numerous trader testimonials, FundingPips has never denied a legitimate payout since its inception. This stands in stark contrast to many competing proprietary trading firms that face regular complaints about withheld profits. The firm maintains a public payout feed on Discord where traders can see withdrawals processed in real-time.

5. Generous Profit Splits

The path to 100% profit retention through the Hot Seat Program is genuinely achievable for consistent traders. Even standard accounts start at competitive 60-80% splits, which beat many competitors that cap profit sharing at 80-85%.

6. Flexible Trading Approach

The allowance of Expert Advisors, trading bots, and algorithmic strategies attracts quantitative traders who are restricted by other firms. The lack of consistency rules (except in Zero Program) and the removal of IP address restrictions provide additional flexibility.

7. Scalability

The ability to scale from $5,000 to $2 million through demonstrated performance provides a clear growth path. Traders can manage up to $300,000 initially, with Hot Seat members accessing significantly larger capital allocations.

8. Multiple Platform Options

Supporting MT5, cTrader, Match-Trader, and TradeLocker ensures that traders can work with their preferred platform rather than being forced into unfamiliar environments.

9. Strong Community

With over 163,000 members on Discord and active engagement from leadership, FundingPips has built one of the largest prop trading communities. The Discord server provides support, trading insights, and direct access to the team.

10. Transparent Operations

The firm provides detailed information about rules, fees, and processes. The dashboard is intuitive and shows all relevant metrics including daily summary, profit factor, and progress toward targets.

Cons of FundingPips

1. Slippage Issues

Multiple trader reviews mention significant slippage, particularly during high-impact news releases. Some traders report stop losses not triggering at set prices, which can result in larger-than-expected losses. While the firm states this is normal during volatile periods, it remains a consistent complaint.

2. News Trading Restrictions on Funded Accounts

While news trading is allowed during evaluation phases, funded accounts face a 10-minute restriction window around high-impact (red) economic events. This wasn’t always clearly communicated and has caught some traders off guard after passing their evaluations.

3. Platform Availability Limitations

MT5 is not available for traders in the United States and Canada, forcing North American traders to use alternative platforms they may be less familiar with. This geographic restriction can impact trading performance for affected users.

4. Spread Transparency

The firm doesn’t publish average spreads publicly, making it difficult for traders to calculate true trading costs before committing to an evaluation. While some traders report competitive spreads, others complain about inconsistency.

5. Customer Support Inconsistencies

Despite claims of 24/7 support, some traders report slow email response times and generic, bot-like replies to specific issues. While many praise the support team, negative experiences appear often enough to warrant mention.

6. Account Setup Delays

Recent reviews indicate that account credentials sometimes take longer than the stated 2 business days to arrive. A few traders reported technical issues where their account details changed unexpectedly during setup.

7. Unregulated Status

Like most prop firms, FundingPips operates without oversight from major financial regulators. While this is standard for the industry, it does mean traders have limited recourse if disputes arise.

8. Group Trading Accusations

Several trader complaints involve account bans for alleged “group trading” based on timing similarities in trade execution. Some of these bans appear to have occurred with minimal evidence, creating concern about subjective rule enforcement.

9. No Instant Funding on Standard Plans

Unless you opt for the Zero Program with higher fees, you must complete evaluation phases before accessing funded accounts. Some competitors offer instant funding at lower price points.

10. Geographic Restrictions

The firm doesn’t accept traders from the United Arab Emirates, Vietnam, or Iran, limiting access for traders in these regions.

Real Trader Feedback

Positive Reviews

According to Trustpilot data, FundingPips has earned high marks from thousands of traders who highlight smooth processes, transparent rules, and fast payouts. Here’s what successful traders are saying:

Fast Payouts: Many traders report receiving payouts in less than 24 hours, with the firm’s Tuesday Payday feature particularly praised. One verified trader noted: “Definitely the best prop firm I ever saw. Trading rules perfect, payouts perfect, it took less than 24h to get my payout.”

Clear Rules: Multiple reviews emphasize that FundingPips offers straightforward rules without hidden terms, making it easier for traders to understand requirements. A trader commented: “This is my 2nd funded acc and passed first phase 1 in 3 days this prop firm is crazy good, no hidden rules, no consistency nothing just pure trading.”

Good Trading Conditions: Traders appreciate excellent executions, fair spreads, and the lack of restrictions that plague other firms. One review states: “The spreads were very good, entries triggered smoothly, and my overall trading experience was positive.”

Responsive Support: When issues arise, many traders report that the support team resolves problems quickly. One client noted that even when facing an issue, the COO personally reached out to ensure resolution.

Negative Reviews

However, not all experiences are positive. Here are recurring complaints:

Group Trading Bans: Some traders report account bans for alleged group trading based on minimal evidence, such as trades closed within the same minute. One frustrated trader wrote: “They sent me a screenshot of two different trades opened on different time and closed on the same minute. The trades they have attached are far from being copy trading and could easily be a result of pure chance.”

Account Setup Problems: A trader reported paying for an account only to find the account number and balance changed unexpectedly, with the original account later banned for inactivity despite timely reporting of the issue.

Slippage and Execution: Technical reviews highlight recurring complaints about slippage and withheld profits, with some traders noting inconsistent trading conditions that affect performance.

Trustpilot Suspension: FundingPips faced a temporary suspension of its Trustpilot profile in June 2024 due to an influx of reviews tied to media attention. While the profile was reinstated, this incident raised questions about review authenticity.

Balanced Perspectives

Independent reviews from established sources provide more nuanced views:

Daily Forex notes that FundingPips has low evaluation fees, scaling to $2M with 100% profit share for elite traders, and follows industry best practices. However, they emphasize the importance of due diligence given the unregulated nature of prop firms.

According to professional reviewers, Traders Union gives FundingPips an overall score of 6.62 out of 10, recommending users thoroughly analyze pros and cons since not all clients are satisfied.

How to Get Started with FundingPips

Step 1: Choose Your Challenge Type

Visit the FundingPips website and select from:

• 1-Step Evaluation (fastest path)
• 2-Step Standard (most popular)
• 2-Step Pro (conservative approach)
• Zero Program (instant funding)

Step 2: Select Account Size

Choose from $5,000, $10,000, $25,000, $50,000, or $100,000 based on your budget and experience level. Smaller accounts are ideal for beginners, while experienced traders might opt for larger allocations.

Step 3: Complete Registration

Sign up with your email address and personal information. You’ll need to create a password and agree to the terms of service.

Step 4: Pay Evaluation Fee

Payment methods include:

• Credit/debit cards
• PayPal
• Cryptocurrency
• Google Pay / Apple Pay
• Skrill / Neteller
• Bank transfer

Discount codes are frequently available through affiliate partners.

Step 5: Receive Trading Credentials

Within 2 business days (typically), you’ll receive login credentials for your chosen platform. Some traders report faster delivery, particularly during non-peak periods.

Step 6: Complete Evaluation

Trade according to the rules:

• Meet profit targets
• Respect drawdown limits
• Trade minimum required days
• Avoid prohibited strategies

Step 7: KYC Verification

Upon passing your evaluation, complete KYC verification by submitting:

• Government-issued ID (passport or driver’s license)
• Proof of address (utility bill or bank statement)
• Selfie for identity confirmation

Step 8: Receive Funded Account

After KYC approval and digital signature on the customer agreement, your Master account is created and connected to the risk management framework within 48 hours.

FundingPips vs. Competitors

FundingPips vs. FTMO

Similarities:

• Two-step evaluation process
• Competitive profit splits
• Established reputation

FundingPips Advantages:

• Lower entry fees ($29 vs. $155 minimum)
• No time limits on standard evaluations
• Higher maximum scaling ($2M vs. $2M)
• Tuesday Payday option
• 100% profit split achievable

FTMO Advantages:

• Longer track record (since 2015)
• More regulated approach
• Better spread transparency
• Refundable evaluation fees

FundingPips vs. The5ers

FundingPips Advantages:

• Multiple evaluation models
• Faster payout processing
• Higher profit split potential
• More flexible trading rules

The5ers Advantages:

• Instant funding program
• No evaluation fees
• Progressive scaling model
• No daily loss limits

FundingPips vs. Apex Trader Funding

FundingPips Advantages:

• Forex and crypto availability
• Lower commission on Forex
• Multiple platform options
• EA and bot allowance

Apex Advantages:

• Futures trading focus
• Rithmic platform access
• Larger initial account sizes
• No news trading restrictions

Is FundingPips Worth It?

FundingPips is ideal for:

• Traders seeking low-cost entry to funded trading
• Algorithmic and EA traders
• Those who value fast payout processing
• Traders comfortable with unlimited evaluation timeframes
• Active Discord community members
• Scalpers and day traders (outside news windows)

FundingPips may not suit:

• Traders requiring heavy regulation
• News traders who trade exclusively around economic releases
• Those in restricted countries (UAE, Vietnam, Iran)
• US/Canada traders preferring MT5
• Traders seeking complete spread transparency upfront

The firm’s zero payout denial policy and track record of over $125 million paid out provide confidence in its legitimacy. However, the lack of major regulatory oversight and occasional complaints about subjective rule enforcement require careful consideration.

Tips for Success with FundingPips

1. Start Small

Begin with a $5,000 or $10,000 account to familiarize yourself with the platform’s trading conditions before committing to larger evaluation fees.

2. Test Your Strategy

Use the unlimited time wisely. Don’t rush to complete evaluations just because there’s no deadline. Wait for optimal market conditions that favor your strategy.

3. Respect Drawdown Limits

The daily 5% and maximum 10% drawdown limits are strict. Position sizing and stop loss placement should account for potential slippage, especially during news events.

4. Document Everything

Keep screenshots of your trades, communications with support, and account statements. This protects you if disputes arise.

5. Avoid High-Impact News

Even though news trading is allowed during evaluations, the restriction on funded accounts makes it wise to develop strategies that don’t rely heavily on news volatility.

6. Join the Discord Community

The 163,000+ member Discord server provides valuable insights, updates on rule changes, and direct access to support staff.

7. Read the Rules Carefully

Understand the differences between evaluation and funded account rules. Many complaints stem from traders not realizing restrictions that apply post-funding.

8. Use Appropriate Leverage

Just because 1:100 leverage is available doesn’t mean you should use it. Conservative leverage use improves your chances of passing evaluations.

9. Maintain Trading Consistency

While standard evaluations don’t have consistency rules, establishing steady daily or weekly returns demonstrates discipline that translates to funded account success.

10. Plan for Scaling

Think long-term. The path to Hot Seat status and $2 million in capital is achievable with consistent performance over 16+ payouts. Focus on sustainability over quick wins.

Frequently Asked Questions

Q: Is FundingPips a legitimate prop firm?

A: Yes, FundingPips is a legitimate proprietary trading firm that has paid out over $125 million to traders. However, like all prop firms, it operates with simulated accounts and isn’t regulated by major financial authorities.

Q: How long does it take to get funded with FundingPips?

A: The timeline varies by trader performance. Since there are no time limits on standard evaluations, you could complete them in a few days or take several months. After passing, KYC verification takes 2-3 business days, and funded accounts are typically activated within 48 hours.

Q: Can I use Expert Advisors on FundingPips?

A: Yes, FundingPips allows EAs, trading bots, and algorithmic strategies on all account types, making it attractive for automated traders.

Q: What happens if I fail a FundingPips challenge?

A: Evaluation fees are non-refundable if you violate rules or don’t meet targets. However, you can purchase a new evaluation at any time. The firm sometimes offers discount codes for retakes.

Q: Does FundingPips actually pay traders?

A: Yes, the firm has a zero payout denial policy and maintains a public payout feed showing real-time withdrawals. Thousands of verified reviews confirm payout receipt, typically within 12-48 hours.

Q: Are there hidden rules at FundingPips?

A: The firm publishes its rules clearly, though some traders complain that certain restrictions (like news trading windows on funded accounts) could be more prominently displayed. Always read the complete rule set for both evaluation and funded phases.

Q: Can US traders use FundingPips?

A: Yes, but US and Canadian traders cannot access MT5 and must use alternative platforms like cTrader, Match-Trader, or TradeLocker.

Q: What is the minimum payout amount?

A: The minimum withdrawal is 1% of your account balance, including the firm’s share. For a $100,000 account with 80% split, this means $1,000 total profit ($800 to you, $200 to the firm).

Q: How does the Hot Seat Program work?

A: After 16 successful payouts from your funded account, you qualify for Hot Seat status, which provides 100% profit split, on-demand withdrawals, access to up to $2 million in capital, monthly bonuses, and personalized support.

Conclusion

FundingPips has carved out a strong position in the competitive prop trading landscape by focusing on trader-friendly policies, transparent operations, and genuine innovation in payout processing. The firm’s multiple evaluation pathways, generous profit splits, and zero payout denial policy address many common complaints about the industry. With over $125 million distributed to traders and a 4.5-star rating from 36,000+ reviews, the track record suggests legitimacy and operational stability. However, concerns about slippage, occasional account bans for questionable rule violations, and the inherent risks of unregulated prop trading mean traders should approach with eyes wide open. For those seeking accessible entry to funded trading with clear growth potential, FundingPips represents a solid option worth considering, particularly if fast payouts and flexible trading rules align with your needs. As with any prop firm, start conservatively, understand all rules thoroughly, and maintain realistic expectations about the challenges involved in consistently profitable trading.