Explore our in-depth review of Funding Pips, a new entrant in the proprietary trading firm industry, offering innovative evaluation programs and lucrative profit splits for traders.

Funding Pips: Nurturing Traders from Novice to Mastery

Funding Pips recognizes the evolutionary journey of a trader, categorizing it into three essential stages: the Student, the Practitioner, and the Master. This understanding has led them to design a distinctive two-phase evaluation system, culminating in a phase where traders are provided with funding. This innovative methodology is aimed at identifying and fostering trading talents, offering them a platform to trade with substantial capital. Such an approach empowers traders to achieve their trading aspirations effectively.

Understanding Funding Pips: A Brief Overview

Funding Pips is a relatively new entrant in the prop trading arena, situated in the dynamic city of Dubai, United Arab Emirates. This prop firm was established on August 25, 2022, marking its commitment to support undercapitalized traders. They stand out by offering traders up to $2,000,000 in funding, coupled with an attractive profit split ranging from 80% to 90%. Adding to their credibility, Funding Pips has partnered with Black Bull Markets as their brokerage firm. Their operations are headquartered at IFZA Business Park, with the official premises being NO. 19448-001, in Dubai.

Leadership at Funding Pips: CEO Khaled Ayesh

At the helm of Funding Pips is CEO Khaled Ayesh. His leadership plays a pivotal role in steering the company towards its goals and objectives. More insightful details about Khaled Ayesh and his contributions to Funding Pips will be shared in the near future. Keep an eye on this space for upcoming updates!

Funding Program Options at Funding Pips

Funding Pips presents a variety of evaluation program accounts, tailored to meet the needs of its diverse group of traders. These options are designed to cater to different trading styles and expertise levels, providing traders with the flexibility to choose a program that best aligns with their trading strategy and objectives.

Overview of Evaluation Program Accounts at Funding Pips

The evaluation program at Funding Pips is meticulously designed to spot and reward traders who demonstrate consistency and skill during a two-phase evaluation period. The program offers an advantageous leverage of 1:100. Here’s a quick glance at the account sizes and their corresponding prices:

• $5,000 account for $32
• $10,000 account for $60
• $25,000 account for $139
• $50,000 account for $239
• $100,000 account for $399

Phase One of Evaluation: In this initial phase, traders are tasked with achieving an 8% profit target, while adhering to a 5% maximum daily loss and a 10% overall loss limit. There are no strict minimum or maximum trading day requirements. Advancing to the second phase is contingent upon hitting the 8% profit target without breaching the loss limits. Phase Two of Evaluation: This phase requires traders to aim for a 5% profit target, under the same loss constraints as Phase One. Like the first phase, there are no specific trading day requirements. Progressing to the funded status hinges on reaching the 5% profit target without violating the loss rules. Successful completion of both phases leads to a funded account, where the minimum withdrawal amount is set at 1% of the initial balance. The primary rules to follow are the 5% maximum daily loss and 10% maximum loss limits. Payouts in the funded phase are scheduled every 5 calendar days, starting from the day of the first trade in the funded account. Profit splits range from 80% to 90%, based on the profits made in the funded account.

Scaling Plan for Evaluation Program Accounts at Funding Pips

Funding Pips has integrated a scaling plan into their evaluation program accounts, offering traders the opportunity for account growth based on their successful payouts and accumulated profits. Here’s how the scaling plan unfolds:

• After 4 Successful Payouts: With a total profit of 10%, traders are eligible for a 20% account balance increase. The maximum drawdown limit is raised to 11%.
• After 8 Successful Payouts: Achieving 20% total profit leads to a 30% increase in account balance. Daily drawdown limit extends to 6%, and maximum drawdown to 12%.
• After 12 Successful Payouts: A 30% total profit results in a 40% account balance increase. Maximum drawdown is enhanced to 13%.
• After 16 Successful Payouts – The Hot Seat: This prestigious level doubles the initial account balance and provides personal support, advanced trading tools, on-demand payouts, and an increased profit split of 90%. Additionally, the trader may have the potential to access up to $2,000,000 by continuously scaling the account. Daily drawdown is set at 7% and maximum drawdown at 14%. Monthly bonuses are also awarded, as detailed below:

The evaluation program accounts at Funding Pips allow trading in forex pairs, commodities, indices, and cryptocurrencies, providing a diverse range of trading instruments to its users.

Key Rules for Evaluation Program Accounts at Funding Pips

Understanding the rules is crucial for success in the Funding Pips evaluation program. Here are the main regulations that traders need to follow:

• Profit Targets: The primary objective in Phase 1 is to achieve an 8% profit, while Phase 2 requires a 5% profit target. Once traders reach the funded account status, there are no set profit targets.
• Maximum Daily Loss: All account sizes have a stipulated maximum daily loss limit of 5%, which can extend up to 7% as traders progress through the scaling plan.
• Overall Maximum Loss: The overarching maximum loss threshold is set at 10% for all accounts, which may increase to 14% in the scaling process.
• No Hedging: Traders are prohibited from employing any hedging strategies during their trading activities.
• Risks with Third-Party Copy Trading: Using third-party copy trading services can pose a risk. If the strategy is widely used by other traders, it might lead to a violation of the maximum capital allocation rule, potentially affecting the chances of securing a funded account or making withdrawals.
• Risks with Third-Party EAs (Expert Advisors): Similar to copy trading, using third-party EAs bears the risk of strategy duplication. This could again lead to exceeding the maximum capital allocation rule, affecting eligibility for funding or withdrawal processes.

Adherence to these rules is essential for traders aiming to successfully navigate the evaluation phases and manage funded accounts with Funding Pips.

Unique Aspects of Funding Pips Compared to Other Prop Firms

Funding Pips sets itself apart from many leading prop trading firms in the industry through its flexible approach to trading styles. Unlike many of its counterparts, Funding Pips imposes almost no restrictions on how traders execute their strategies. This includes the freedom to trade during news events, hold positions overnight, and even over weekends. However, it is important to note that any form of hedging strategy is strictly prohibited. Another distinguishing feature is their two-phase evaluation program. Unlike single-phase programs common in the industry, Funding Pips requires traders to successfully navigate through two distinct phases to become eligible for payouts. The profit targets are set at 8% for phase one and 5% for phase two, with a maximum daily loss limit of 5% and an overall loss limit of 10%. A significant advantage of this program is the absence of minimum or maximum trading day requirements in both phases, allowing traders flexibility and time to reach their targets. Funding Pips also offers a scaling plan, a feature that’s not always available with other leading prop firms. Its evaluation program is marked by relatively low profit targets and straightforward trading rules, making it more accessible and less stringent than many of its competitors.

Comparative Analysis: Funding Pips vs. Finotive Funding

When comparing Funding Pips with Finotive Funding, several key aspects highlight the differences and similarities in their trading objectives. Here’s a detailed comparison:

This comparison highlights that both Funding Pips and Finotive Funding offer similar structures in terms of profit targets, maximum loss limits, and flexibility in trading days. However, there are slight variations in their profit targets for phase 1 and the scaling potential of the daily and maximum loss limits. Additionally, the profit split percentage varies slightly between the two, offering traders different incentives.

Comparative Analysis: Funding Pips vs. FundedNext (Stellar)

Comparing Funding Pips with FundedNext (Stellar), we can observe the similarities and differences in their trading objectives. Here’s a side-by-side overview:

This comparison reveals that Funding Pips and FundedNext (Stellar) share similar profit targets, maximum loss limits, and profit splits. A notable difference lies in the minimum trading days requirement, where Funding Pips offers more flexibility by having no minimum trading days, as opposed to FundedNext’s 5 calendar day requirement.

Comparative Analysis: Funding Pips vs. E8 Funding (Normal)

When contrasting Funding Pips with E8 Funding (Normal), we can identify both the commonalities and distinctions in their trading objectives. Here’s a detailed comparison:

This table highlights that both Funding Pips and E8 Funding (Normal) offer similar structures in profit targets, trading flexibility in terms of trading days, and periods. A key difference is observed in the maximum loss policy, where Funding Pips sets a higher threshold. Additionally, Funding Pips offers a scaling profit split up to 90%, compared to the fixed 80% at E8 Funding. In conclusion, Funding Pips differentiates itself from other industry-leading prop firms with its almost unrestricted approach to trading styles. Traders have the liberty to trade during news, hold positions overnight, and over weekends. The only stringent rule enforced is the prohibition of any hedging strategies.

Assessing the Realism of Securing Capital with Funding Pips

When evaluating the feasibility of obtaining funding from a prop firm like Funding Pips, it’s essential to weigh the practicality of their trading requirements. A high profit split on a well-funded account may seem attractive, but unrealistic expectations regarding profit generation and drawdown limitations can significantly diminish the likelihood of success. Funding Pips stands out in this aspect due to their relatively low profit targets of 8% in phase one and 5% in phase two, coupled with more generous maximum loss rules (5% daily and 10% overall). The absence of minimum or maximum trading day requirements further enhances the attainability of these targets. Considering these factors, Funding Pips emerges as a viable option for traders seeking funding. The realistic trading objectives and conditions associated with their evaluation program accounts make it a practical choice for traders looking to achieve funding and successfully manage their trading strategies.

Verifying Payment Proof from Funding Pips

Since its inception on August 25, 2022, Funding Pips has established a solid track record of providing payouts to its successfully funded traders. This is evidenced by the ample payment proofs available from traders who have received their profit splits from the company.

Traders are eligible to request a payout after 5 days from the date of their first executed trade in the funded account. They enjoy a lucrative profit split of 80% up to 90%. It’s worth noting that traders have the flexibility to either withdraw their profits or leave them in the account for future payouts, with the ability to request a payout at any time. Once requested, the payouts are typically processed within an average of 3 hours. To further validate these claims, Funding Pips has made payment proofs accessible through various channels. Their YouTube channel features interviews with funded traders, providing a transparent view of their success stories. Additionally, on their Discord channel, there’s a dedicated ‘payout-proof’ section where certificates are displayed, awarded to individuals who have successfully qualified for a profit split.

Funding Pips’ Brokerage Partner: BlackBull Markets

Funding Pips collaborates with BlackBull Markets as its primary broker. Renowned for providing an unparalleled trading experience, BlackBull Markets is committed to leveraging advanced trading technologies and delivering exceptional customer service. This partnership reflects a shared goal of granting traders access to a diverse range of markets, thus enabling them to expand their trading portfolios beyond the confines of traditional investment avenues. In terms of trading platforms, Funding Pips traders have the opportunity to utilize MetaTrader 5, a leading trading platform known for its robust features and user-friendly interface. This collaboration with BlackBull Markets ensures that traders associated with Funding Pips have access to high-quality trading tools and resources, facilitating a more comprehensive and effective trading experience.

Trading Instruments Available Through Funding Pips

Funding Pips provides traders with a broad spectrum of trading instruments, offering the flexibility to trade in forex pairs, commodities, indices, and cryptocurrencies. These trading options come with the added advantage of up to 1:100 leverage. Here’s a detailed look at the instruments available:

Forex Pairs:

Funding Pips offers a wide range of forex pairs, including but not limited to:

• Major pairs like AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF, and USD/JPY.
• Crosses and exotic pairs such as AUD/CAD, EUR/SGD, GBP/NZD, USD/SEK, and ZAR/JPY.

Commodities:

Commodity trading includes popular options like:

• Precious metals: XAU/USD (Gold), XAG/USD (Silver).
• Energy commodities: WTI and Brent crude oil.

Indices:

Indices offered cover major global markets, including:

• AUS200, ESTX50, FRA40, GER30, NAS100, SPX500, UK100, and more.

Cryptocurrencies:

For those interested in the dynamic world of cryptocurrencies, options include:

• Major cryptocurrencies like BTC/USD (Bitcoin) and ETH/USD (Ethereum).
• Other digital currencies like XRP/BTC.

This diverse range of instruments allows traders affiliated with Funding Pips to explore various markets and apply their trading strategies across different asset classes.

Trading Fees at Funding Pips

Funding Pips imposes trading fees, primarily structured as trading commissions and spreads. Understanding these fees is crucial for traders to manage their trading costs effectively. Here’s a breakdown of the commission structure:

Trading Commission:

As for spreads, Funding Pips encourages traders to check the live spreads by logging into the trading account. This can be done using the following details:

This approach ensures that traders have real-time information about the spreads, enabling them to make informed decisions based on current market conditions.

Education and Support for Traders at Funding Pips

While Funding Pips does not offer additional educational programs, they compensate by providing traders with a well-structured trading dashboard. This dashboard is a vital tool for traders, as it allows them to:

• Track their progress comprehensively.
• View all trading objectives and key statistics in a centralized interface.
• Manage risk more effectively, thanks to the clear presentation of essential trading data.

This focus on practical tools and resources underscores Funding Pips’ commitment to supporting their traders in achieving their trading goals, even in the absence of formal educational programs.

Traders’ Feedback on Funding Pips

Funding Pips has garnered impressive reviews and feedback from its trading community. Their reputation is reflected in the high ratings and positive comments received on platforms like Trustpilot. Here’s a summary of what traders are saying:

• Trustpilot Rating: Funding Pips boasts an excellent score of 4.8 out of 5, based on 1,345 reviews, highlighting widespread trader satisfaction.
• Praise for Trading Dashboard: A significant portion of the community appreciates the well-structured trading dashboard provided by Funding Pips. This feature is lauded for its ability to help traders track progress and manage risk more effectively.
• Weekly Payout Cycle: Many traders express their appreciation for the weekly payout cycle, which offers flexibility and regularity in withdrawing profits.
• Account Scaling Opportunities: The ability to scale the account after every four profit splits has also received notable commendation, enhancing the potential for traders’ growth and profitability.

This positive feedback underscores Funding Pips’ commitment to providing a supportive and effective trading environment for its community.

Social Media Presence of Funding Pips

Funding Pips maintains an active presence across various social media platforms, enhancing its outreach and engagement with the trading community. Their social media channels include:

• Facebook: A platform for updates, community engagement, and trader support.
• Instagram: Offers visual insights into the company and its community.
• YouTube: Hosts educational content, interviews with funded traders, and more.
• Twitter: Provides quick updates, trading tips, and industry news.
• Discord: A hub for real-time communication and community building among traders.

These channels are instrumental in fostering a sense of community among Funding Pips traders, offering a mix of educational content, updates, and interactive spaces for traders to connect and share experiences.

Support Services at Funding Pips

Funding Pips offers comprehensive support to its traders through various channels. Their support framework includes:

• FAQ Page: A resourceful FAQ page is available on their website, providing detailed information about the company, its trading programs, and the rules and regulations associated with participation.
• Social Media Support: The support team is actively engaged on their social media platforms, ready to assist with inquiries and provide guidance.
• Email Support: For direct assistance, traders can reach out to Funding Pips via email at support@fundingpips.com. This channel offers a more personalized support experience for complex queries or detailed information requests.

This multi-channel support system ensures that traders have access to the assistance they need, whether it’s for general information, specific queries, or real-time interaction.

Funding Pips Review Conclusion

Funding Pips stands out as a credible and burgeoning proprietary trading firm, presenting traders with diverse choices in evaluation program account sizes. These programs adhere to the dual-phase industry standard, necessitating the completion of two distinct stages to qualify for funding and profit-sharing opportunities. The firm’s evaluation process is characterized by pragmatic profit targets—8% in the initial phase and 5% in the subsequent phase. These targets are achievable, considering the 5% maximum daily and 10% maximum loss rules that traders must observe. Upon successful completion, traders can anticipate earning between 80% to 90% in profit splits, with additional prospects for account scaling. In summary, Funding Pips emerges as a commendable choice for traders seeking a prop firm with clear-cut trading guidelines. This newly established firm caters to a broad spectrum of trading styles, offering advantageous conditions. Overall, Funding Pips positions itself as a compelling choice within the proprietary trading firm landscape.