Can I hold trades during high-impact news events in FundingPips?

Yes, you can hold trades during high-impact news events. However, trades opened within a 4-minute window surrounding the news event will not count towards profits and will be closed by our system.

Is there a limit to how many challenges I can sign up for in FundingPips?

You can sign up for multiple challenges, but the total funded capital across all challenges cannot exceed $300,000.

Are there any forbidden trading strategies in FundingPips?

While there are no restrictions on trading styles, certain strategies such as gap trading, high-frequency trading, and hedging are prohibited. Engaging in such activities will result in account termination.

What is slippage and how does it affect my trades in FundingPips?

Slippage occurs when your order is filled at a different price than expected due to market conditions. Higher lot sizes and volatile market moments increase the likelihood of slippage.

What are the commissions per standard lot for different instruments in FundingPips?

For Forex and Metals, there is a $2 commission per standard lot round turn. However, Crypto, Indices, and Oil are commission-free.

Which financial instruments can I trade on FundingPips?

You can trade Forex, Crypto, Indices, Metals, and Energies with RAW spreads. Each asset class has its own leverage ratio.

Is the Funding Pips account live or demo?

All accounts, including the Master account, are demo accounts. They are connected to our risk management system for compliance purposes.

What is the Hot Seat program in FundingPips and how do I qualify?

The Hot Seat program offers exclusive benefits to elite traders who have demonstrated consistent profitability over time. Qualification requires achieving certain profit milestones and meeting specific criteria.

How does the scaling plan work in FundingPips?

The scaling plan rewards successful traders with increased capital allocation based on their performance. Traders progress through different levels as they achieve profit targets and payouts.

Can I use Expert Advisors (EAs) on my evaluation and master accounts in FundingPips?

Yes, you can use EAs as long as they function as trade or risk managers. However, using third-party EAs for other purposes may result in account closure.

What happens if my trading account is inactive for an extended period in FundingPips?

If your trading account remains inactive for 30 days, it will be automatically suspended.

How are high-impact news events identified in FundingPips?

High-impact news events are marked in red on our news calendar, which is sourced from Forex Factory.

Can I trade multiple instruments simultaneously in FundingPips?

Yes, you can trade multiple instruments across different asset classes simultaneously.

Are there any restrictions on holding trades over the weekend on FundingPips?

No, you are allowed to hold trades over the weekend without any restrictions.

What is the maximum leverage offered for Forex trading on FundingPips?

The maximum leverage for Forex trading is 1:100.

How are profits affected during news trading?

Profits from trades opened within a restricted 4-minute window surrounding high-impact news events will not be counted towards your total profit.

Is there a limit to how many accounts I can merge in FundingPips?

There is no limit to merging accounts, but the scale-up and benefits are based on the initial account size, not the merged account size.

Can I access my profits at any time in FundingPips?

Yes, as you progress through the scaling plan, you may be eligible for on-demand payouts for financial flexibility.

What happens if my trading activities violate the terms of service of FundingPips?

Engaging in prohibited trading activities may result in account termination and forfeiture of any profits.

How are monthly bonuses calculated for Hot Seat traders in FundingPips?

Monthly bonuses are provided based on reaching the Hot Seat status and are determined by the initial account size.

Funding Pips Prop Firm Details and Reviews, Legit or Scam?

Funding Pips

[email protected]

Trusted

5% Off + 2.5% Cashback or Upto 1000 Trust Points

Details About Funding Pips

Legal Name: fundingpips FZCO

Company Number: Not disclosed

Country of Registeration: AE

CEO: Khaled Ayesh

Support Mail: [email protected]

Phone: Not available

Payment Modes: Crypto, Neteller, Skrill, PaySafeCard

Withdrawal Methods: Crypto, Rise

Website: https://fundingpips.com

Banned Countries:

Challenge Details at Funding Pips

Types of Challenges: One Phase Challenge, Two Phase Challenge, Three Phase Challenge

Trading Platforms: MatchTrader, cTrader, Trade Locker

Trading Instruments: Forex, Crypto, Indices, Metals

Broker: MatchTrader

Max Allocation: $300,000

Scaling: $2,000,000

Trading Competitions: Does not organize Trading Competitions

Free Trials: Does not offer free Trials

About Funding Pips

FundingPips is one of the most popular prop firm 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 : FundingPips
Company Legal Name and Registration No. : Undisclosed
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 every trader 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.