Proprietary trading firms, or prop firms, now become popular among forex traders who don’t want to risk their own money to trade. Funding Pips offers its traders the opportunity to manage large accounts size and keep a huge part of their profit. In this detailed blog, we are going to review all points such as the evaluation process, account sizes, profit-splits model, and how it stands out among other prop firms. A comprehensive discussion of its pros and cons would enable you to opt out if you want it.

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Funding Pips overview

Funding Pips is a proprietary trading firm launched in August 2022, which is the legal name Funding Pips Services Ltd. To provide traders with capital, the firm was established to enable them to trade while avoiding losing their personal money. Unlike traditional trading, where traders fund their accounts, entities such as Funding Pips provide funded licenses to traders who reach specific evaluation criteria. The traders with Funding Pips can attend various evaluation programs, use different trading platforms, and get maximum profit share. Nevertheless, like any other company, it also has its unavoidable limitations, which we will look at in this review.

Funding Pips Evaluation Process

Before traders get funded accounts, they have to pass an evaluation to prove their trading skills. There are three types of evaluation processes. 

1-Step: In this evaluation, traders only pass one challenge to get the fund. To pass, traders need to make a 12% profit target, but at the same time must not be more the 4% in daily losses or in daily losses or a 6% maximum drawdown. 
2-Step: This is a standard process that requires two parts. In the first part, traders must get an 8% profit target, and in Phase 2, the target is 5%. Both methods come with a 5% daily loss and a 10% maximum drawdown. This option is more popular among prop firms and is a way of assessing a trader efficiently. 
3.Instant Funding: Traders who need to be funded instantly, Funding Pips offers them the option of instant funding with any evaluation. Yet, this firm is associated with some overall conditions, for instance, the reduction of the leverage and concerns about the payout restrictions. 

These evaluation choices are the marvelous ones that allow the trader to select the particular program based on their style risk tolerance.

Account Sizes and Pricing

Funding Pips offers account sizes from $5,000 to $100,000. The cost of entry is relatively affordable compared to some other prop firm. For example, a $5,000 account costs only $32, that is an attractive option for traders with limited accounts. 
 

Profit Split and Payouts

One of the most crucial features is the profit split—the percentage of profit they can keep. The profit split is very competitive at Funding Pips and can be anything from 80% to 90% for the traders. On top of that, the best traders have the potential to earn 100% of their profits. More to the point, Funding Pips allows traders to get their profits out on a flexible time schedule, i.e. weekly, bi-weekly, or monthly. This flexibility empowers traders to deal with their finances through saving, paying bills, or taking other obligations into account that they need to fulfill.

Leverage and Trading Platforms of Funding Pips

Leverage is the main factor in trading, the fact that it allows traders to regulate larger positions with equity. Funding Pips provide leverage up to 1:100, which is again a rule in the prop trading industry. In terms of trading platforms, the firms supported by Funding Pips are Match-Trader, cTrader, and TradeLocker, so that traders can trade their own style they like. Those platforms come with advanced charting tools, fast execution, and a smooth trading process.

Scaling Plan

Funding Pips has a scaling plan that allows successful traders can get more funds over time. If traders successfully get payouts and achieve a 10% profit, the account balance increases by 20%. It is also important to note that the drawdown limit is now 11%, giving traders more space to manage risk.

This scaling is a great way for traders who want to increase account sizes in baby steps and hence, no need to get re-evaluated.

Diverse Trading Instruments at Funding Pips

Funding Pips’ diverse range of trading instruments, ensuring flexibility both across markets and strategies.

Forex Pairs: Traders can choose from various major pairs like EUR/USD and GBP/USD, minor pairs such as AUD/NZD, and exotic pairs like USD/TRY, which allows them to get profit from the economic changes around the world. 

Commodities: The company represents the trading of precious metals like gold (XAU/USD) and silver (XAG/USD) as well as energy assets such as crude oil (WTI, Brent) in its portfolio, which are specifically designed to meet the preferences of tangible asset traders. 

Indices: Funding Pips makes the investor available to the top indices in the world, such as the S&P 500 (US500), NASDAQ 100 (NAS100), and Germany's DAX 40 (GER40), which they can use as an instrument for the stock market performance. 

Cryptocurrencies: In the era when cryptocurrencies are more and more favored by the public, traders can trade Bitcoin (BTC/USD), Ethereum (ETH/USD), Ripple (XRP/USD), and so on. This way they can benefit from the sharp swings in the market. 

This diverse set of assets that are provided to the trader, in turn, becomes numerous opportunities for traders to enter the market and catch the movements.

Why does Funding Pips Stand out among all the Prop Firms?

When comparing Funding Pips to other prop firms, several factors stand out.

Profit Split: Most prop firms offer an 80-85% profit split, on the other hand, Funding Pips provides up to 100% and is thus one of the best in this category. 

Evaluation Process: Traders' favorites are the one-step and instant funding options through which they can get the funds real quick. Contrary to this, most of the firms stick to the two-step evaluations only. 

Customer Support & Transparency: There are leading firms that have better customer service and clearer rules, so these are the fields where Funding Pips might upgrade. 

Overall, Funding Pips is a good competitor to the other firms regarding profit-sharing and funding options; however, it has to work to improve its support and transparency.

Why Should Traders Join Funding Pips?

 Funding Pips provides leverage of 1:100, which enables traders to decide their own trading position. More critically, it provides a profit share of up to 100%, even allowing traders to pocket a significant portion of their revenue. The firm designs its one-step, two-step, and instant funding fees to suit various trading styles, offering simple weekly, bi-weekly, and monthly payout withdrawals. Their favorite platforms like Match-Trader, cTrader, or TradeLocker can be used by traders who can use and register the scaling plan, which will pay through risk management, increased capital, drawdown controls, and even better spread ratios. However, traders should be wary of poor customer support and confusing policies. Traders who understand it well will find Funding Pips a favorable option because of its superior rewards, flexible funding, and growth potential.

Is Funding Pips Legit? Can Traders Trust it?

When you select a prop firm, trust is one of the top priorities for traders. In the trading field, Funding Pips has become well-known but for many traders worry about its legitimacy. There are several causes that make it sure that is trustworthy; like any firm, there are areas that need to improve, such as lack of transparency and delays or additional verification requests, which might be frustrating.

Funding Pips has gained the trust of multiple traders because of its 100% profit split and pays weekly, bi-weekly, or monthly. Most traders receive on-time pay, so it remains a legitimate option. It is a 1-step, 2-two step, and instant funding model that provides fair opportunities, provided the firm is genuinely focused on a skilled trader apart from just making transaction fees. With 1:100 leverage and the capacity to trade Forex, stocks, and cryptocurrencies, together with Match-Trader, cTrader, and TradeLocker, Funding Pips assures the commodity's professional conditions of trading. 

However, some traders wonder why the firm is a bit slow to respond and whether some policies are not clear; these areas must improve. In spite of these challenges, Funding Pips continues to be a trustworthy option for traders looking for high-profit retention, flexible funding, and diverse trading instruments.

Final Verdict

Funding Pips is the first choice for traders who are looking for high-profit sharing and have various options for financing. Its entry fees, on the one hand, are quite reasonable; also, the scaling plan and instant funding feature make it more flexible. However, customer support and transparency are areas where the firm has to improve. For experienced traders who are familiar with the evaluation terms and trading restrictions, Funding Pips is the perfect place to trade their large accounts and make the highest income. On the other hand, those wishing to become a firm’s trader may find more appreciation in firms where transparency and customer care are the key concerns that you need to know or understand.