FundingPips is one of the most popular and a well preferred prop firm by the Forex Prop firm trading community. FundingPips was started in November 2022 and based in Dubai, UAE. FundingPips was founded and owned by Khaled who is also the CEO of FundingPips.

FundingPips a simple and straightforward prop where traders can get a max capital allocation of $300,000 and a unique scaling plan where trader can get up to $2 million in funding and also get salary for the highest scaling level.

Company Information

Company Name : Funding Pips

Company Legal Name and Registration No. : fundingpips

Company CEO : Khaled Ayesh

Company Address : Premises NO. 19948-001, IFZA Business Park, DDP Dubai U.A.E

Challenge Details

FundingPips provides 4 different type of Challenge Programs, 1-Step, 2-Step, 3-Step and a FundingPipsX program.

1-Step Challenge :-

Prices :

• $5,000 : $59

• $10,000 : $99

• $25,000 : $199

• $50,000 : $299

• $100,000 : $499

Rules:

• Profit Target: 10%
• Total Loss: 6%
• Daily Loss: 4%
• Profit Share: 80% , Can be scaled up to 100%
• Drawdown Type: Static
• Time Limit: Unlimited
• Leverage: 1:50 on Forex, 1:20 on Metals, 1:20 on Indices, 1:10 on Energies, 1:2 on Crypto.
• Max Lot Size: 10 Lots
• Payout Frequency: 7 days
• Allows Copy Trading: No
• Min Trading Days: 3 Days

2-Step Challenge :- 

Prices :

• $5,000 : $36

• $10,000 : $66

• $25,000 : $156

• $50,000 : $266

• $100,000 : $444

Rules:

• Profit Target(Phase 1): 8%
• Profit Target(Phase 2): 5%
• Total Loss: 10%
• Daily Loss: 5%
• Profit Share: 80%
• Drawdown Type: Static
• Time Limit: Unlimited
• Leverage: 1:100 on Forex, 1:30 on Metals, 1:20 on Indices, 1:10 on Energies, 1:2 on Crypto.
• Max Lot Size: 10 Lots
• Payout Frequency: 7 Days, 14 Days, 30 Days
• Allows Copy Trading: No
• Min Trading Days: 3 Days

3-Step Challenge :- 

Prices : 

• $10,000 : $59

• $25,000 : $139

• $50,000 : $219

• $100,000 : $349

Rules:

• Profit Target(Phase 1): 5%
• Profit Target(Phase 2): 5%
• Profit Target(Phase 3): 5%
• Total Loss: 6%
• Daily Loss: 4%
• Profit Share: 80%, Can be scaled up to 100%
• Drawdown Type: Static
• Time Limit: Unlimited
• Leverage: 1:100 on Forex, 1:30 on Metals, 1:20 on Indices, 1:10 on Energies, 1:2 on Crypto.
• Max Lot Size: 10 Lots
• Payout Frequency: 7 Days
• Allows Copy Trading: No
• Min Trading Days: 3 Days

FundingPipsX 2-Step X Challenge :- 

Prices :

• $5,000 : $32

• $10,000 : $60

• $25,000 : $150

• $50,000 : $250

• $100,000 : $399

Rules:

• Profit Target(Phase 1): 10%
• Profit Target(Phase 2): 8%
• Total Loss: 8%
• Daily Loss: 4%
• Profit Share: 80%
• Drawdown Type: Static
• Time Limit: Unlimited
• Leverage: 1:50 on Forex, 1:20 on Metals, 1:20 on Indices, 1:10 on Energies, 1:2 on Crypto.
• Max Lot Size: 10 Lots
• Payout Frequency: On Demand
• Allows Copy Trading: No
• Min Trading Days: 3 Days

Scaling Plan

FundingPips provides a really unique scaling plan which is divided in 4 levels and with each level trader can get various benefits alongside the increase in their balance. In each level there are few conditions and with that there are benefits given.

Level 1(Launchpad) :-

Conditions :-

• Trader must have to make at least 10% profit and make at least 4 payouts.

Benefits :-

• The account size will be increased by 20%.
• Maximum drawdown will be increased by 1%.
• Daily Lot Limit will be increased to 10 Lots.

Level 2(Ascender) :-

Conditions :-

• Trader must again make 10% profit(20% in totality) and make a total of 8 payouts.

Benefits :-

• The account size will be increased by 30%.
• Maximum drawdown will be again increased by 1% and total of 2%.
• Daily Lot Limit will also be increased by 10 Lots more, a total of 20 lots.

Level 3(Trailblazer) :-

Conditions :-

• Trader must again make 10% profit above the 20% before and make a total of 12 payouts.

Benefits :-

• The account size will be increased by 40%.
• Maximum drawdown will be again increased to a total of 13%.
• Daily Lot Limit will also be increased by 10 Lots more, a total of 30 lots.

Level 4(Hot Seat) :-

Conditions :-

• Trader must again make 10% profit above the 30% before and make a total of 16 payouts.

Benefits :-

• The account size will doubled
• On Demand payouts.
• Access to up to $2,000,000 in funding.
• Customizable trading conditions are per the trader’s liking.
• Maximum Drawdown will be increased to 14%.
• Daily Drawdown will be increased by 2%.
• Max lot size will be increased by a total of 40 lots.

Monthly Bonus :-

Monthly bonus will be given based on the account size a trader has.

• $100 for a 5K account
• $200 for a 10K account
• $300 for a 25K account
• $400 for a 50K account
• $500 for a 100K account 

Spreads and News Trading Rules

Spreads

FundingPips provides Raw spreads provided by their liquidity provider.

News Trading Rules

FundingPips allow traders to trade during the news only in the evaluation phases. After being funded, traders are not allowed to trade before and after 5 minutes of a high impact news, during this 10 minutes window, executing trades will lead to removal of any profits made. 

If a trader opens a position 5 hours prior to the trade and then the profit has been made in this 10 minutes window, That trade will be counted as usual and profits will not be removed. 

For swing traders, Traders are allowed to hold their trade throughout the news without any issues.

Other Important Rules :-

Daily Drawdown Calculation

In FundingPips, Daily Drawdown is calculated based on the account balance or equity whichever is higher at the end of the day and based on the higher value the drawdown amount will be calculated, This is simply equity based drawdown so be advised to manage the risk properly as this drawdown grows and shrinks the drawdown amount based on the current floating balance.

Countries Banned from Purchasing

FundingPips allow traders from every country to join and purchase their evaluation program but as for now, FundingPips does not accept any new clients from United Arab Emirates and Vietnam.

Prohibited Strategies 

FundingPips believes that traders should be free to use whichever EA or strategy they want but there are few type of strategies and EAs that are not allowed and these are :

• Latency arbitrage
• Toxic Trading Flow
• Gap Trading
• High-Frequency Trading
• Reverse Arbitrage
• Spamming Order Books
• Tick Scalping
• Hedging
• Server Execution
• Copy Trading and management by a third party vendor.

Payout Methods :

FundingPips offers two methods for payout request and these methods are -

• Riseworks - For payout above $500, Payout can be withdrawn in crypto or transfer straight to the bank.
• Crypto - For payout below $500, payout will be given through USDT TRC20

Trading Commissions :

FundingPips charges 2 different types of commissions for their accounts.

For 1,2,3 Step Challenge Accounts :- 

• Forex and metals - $2.5 per lot. 
• Crypto, Indices and Oil - $0 per lot.

For FundingPips X 2 Step X Accounts :- 

• Forex and metals - $7 per lot. 
• Crypto, Indices and Oil - $0 per lot.

IP Rule :

Funding Pips has a strict rule for IP Addresses. Traders must trade from the same IP Address(es) which they used to login to http://www.fundingpips.com and purchased the account. The IP Address(es) must remain the same throughout the evaluation phase and master account. Any changes in the IP Address will be monitored by Funding Pips Risk Management Team. 
If there is a change in the geographical location then the trader will be contacted by support and trader will have to provide the valid proof such as Flight Ticket or Passport Stamp or maybe a Live Video call from that location.