Funding Pips Review
Overall Rating
4.5/5.0
Profit Split
90%
Max Funding
$300K
Evaluation Fee
$59
Max Drawdown
8–10%
Profit Split
90%
8% (1-Step), 8%/5% (2-Step) profit target to pass
Payouts
Bi-weekly
Based In
Dubai, UAE
Est. 2022
Challenge Types
Key Advantages
- Very affordable evaluation fees
- Multiple challenge types to suit different styles
- Up to 90% profit split
- Bi-weekly payouts
- Wide platform selection including cTrader and DXtrade
Considerations
- Trailing drawdown on some plans can be restrictive
- Relatively new firm (founded 2022)
- Limited educational resources
Funding Pips is a proprietary trading firm founded in 2022 by Khaled Ayesh and headquartered in Dubai, United Arab Emirates. It has become one of the fastest-growing prop firms in the industry, with over $200 million in payouts across 127,000+ verified withdrawals and 2 million+ registered traders. Funding Pips holds a 4.5/5 Trustpilot rating from 45,000+ reviews and offers four funding models with profit splits from 60% to 100%. Trading is available on MT5, cTrader, Match Trader, and TradeLocker.
How Funding Pips Works
Funding Pips offers four distinct paths to funding: a 1-Step Challenge, Classic 2-Step, Pro 2-Step, and an Instant Funding option. Entry fees start from $29, and all evaluation fees are refunded with the first profit payout. The firm operates a zero reward denial policy — meaning valid payouts are never rejected.
Programme Comparison
| Feature | 1-Step | Classic 2-Step | Pro 2-Step | Instant Funding |
|---|---|---|---|---|
| Evaluation Steps | 1 | 2 | 2 | None |
| Profit Target | 10% | 8% + 5% | 8% + 5% | N/A |
| Daily Drawdown | 3% | 5% | 3% | 5% |
| Max Drawdown | 6% | 10% | 6% | 10% |
| Profit Split | 80% | 80% | 80% | 60-80% |
| Consistency Rule | No | No | 45% | No |
1-Step Challenge
The fastest evaluation path — hit 10% profit within a 6% static drawdown and 3% daily limit. No minimum trading days. The straightforward rules make this popular with experienced traders who can demonstrate quick profitability.
Classic 2-Step
The standard evaluation with 8% and 5% targets across two phases. With 5% daily and 10% max drawdown, the rules match FTMO's structure. No consistency rule applies, giving traders freedom in how they reach the targets.
Pro 2-Step
Tighter drawdowns (3% daily / 6% max) and a 45% consistency rule — no single day can account for more than 45% of total profits. This targets disciplined traders who demonstrate steady, repeatable returns.
Instant Funding
Skip the evaluation entirely and start trading funded capital immediately. Profit splits start lower (60%) but scale with performance. Best for traders who want immediate access without evaluation pressure.
Pricing
| Account Size | 1-Step | Classic 2-Step | Pro 2-Step |
|---|---|---|---|
| $5,000 | $45 | $36 | $29 |
| $10,000 | $79 | $59 | $49 |
| $25,000 | $169 | $139 | $109 |
| $50,000 | $299 | $229 | $189 |
| $100,000 | $499 | $399 | $329 |
Funding Pips is one of the most affordable prop firms across all tiers. The Pro 2-Step $100K at $329 significantly undercuts FTMO (€540) and FundedNext ($499). Regular 20% discount codes bring prices even lower.
Profit Split and Payouts
Profit splits start at 80% on funded accounts (60% for Instant Funding) and can reach 100% through the Hot Seat programme. Payouts are processed every Tuesday and take 1-3 business days.
The Hot Seat programme is reached after 4 successful scale-ups. At this stage, traders receive 100% profit splits, on-demand payouts, and a monthly bonus based on account size. This is one of the most rewarding endgame structures in the prop firm industry.
Funding Pips has paid out over $200 million to traders since 2022 — one of the highest verified payout totals of any prop firm.
Scaling Plan
- Accounts scale up to $2,000,000 based on consistent performance
- Each scale-up increases account balance, maximum drawdown (+1% per scale), and daily drawdown (+0.5% per scale)
- After 4 scale-ups: Hot Seat stage with 100% profit split and monthly bonus
- Maximum drawdown can grow from 10% to 14% through scaling
Trading Platforms
- MetaTrader 5: Full EA support and multi-asset trading
- cTrader: Advanced charting and algorithmic trading (additional $20 fee applies)
- Match Trader: Web-based platform with clean interface
- TradeLocker: TradingView-powered charting
Four platforms provide strong flexibility. The $20 cTrader fee is a minor annoyance but not a dealbreaker. MT4 is not available.
Instruments
- Forex: Major, minor, and exotic pairs with raw spreads
- Metals: Gold, silver (per-lot commission applies)
- Indices: Global stock indices (commission-free)
- Energies: Crude oil, natural gas (commission-free)
- Crypto: Major cryptocurrency CFDs (commission-free)
Trading Rules
- News trading: Allowed
- Weekend holding: Allowed
- EAs: Allowed (must be your own)
- Hedging: Allowed
- 1% floating loss cap on funded accounts (some programmes)
The 1% floating loss cap is noteworthy — it limits unrealised losses at any given time, which can restrict position sizing during volatile markets. This rule does not apply to all programmes, so check which model you select.
Who Is Funding Pips Best For?
Funding Pips suits cost-conscious traders who want the cheapest possible evaluation fees without sacrificing platform quality or payout reliability. The Pro 2-Step is one of the most affordable $100K evaluations available, and the Hot Seat endgame with 100% profit splits is highly attractive for long-term traders.
The firm is less suited to traders who need MT4 or who dislike consistency rules (Pro 2-Step only). The 1% floating loss cap on some programmes may also restrict traders with wider stop-loss strategies.
Final Thoughts
Funding Pips has grown from a 2022 startup to one of the largest prop firms by payout volume — over $200 million paid out across 127,000+ withdrawals. The combination of aggressive pricing, four platforms, a zero denial policy, and the Hot Seat programme makes it a strong competitor to established firms like FTMO and The5ers. For traders focused on cost and payout reliability, Funding Pips is hard to beat.
Frequently Asked Questions
How much does the Funding Pips challenge cost?
Funding Pips evaluation fees start from $29 for a $5,000 Pro 2-Step account. A $100K Classic 2-Step costs $399, and Pro 2-Step costs $329. Discount codes of 20% are regularly available.
What is the profit split at Funding Pips?
Profit splits start at 80% on funded accounts and can reach 100% through the Hot Seat programme (reached after 4 scale-ups). Instant Funding starts at 60%.
Does Funding Pips allow news trading?
Yes. News trading, weekend holding, hedging, and EAs are all allowed across Funding Pips programmes.
How long does Funding Pips take to pay out?
Payouts are processed every Tuesday and take 1-3 business days. Hot Seat traders can request on-demand payouts.
What is the Hot Seat programme?
The Hot Seat is reached after 4 successful scale-ups. It provides 100% profit splits, on-demand payouts, and a monthly bonus based on account size. Total funded capital can reach $2 million.
Which countries are restricted from Funding Pips?
Funding Pips restricts traders from Iran, United Arab Emirates, and Vietnam. Most other countries are accepted.
Challenge Structure
| Rule | Value |
|---|---|
| Profit Target | 8% (1-Step), 8%/5% (2-Step) |
| Max Drawdown | 8–10% |
| Daily Drawdown | 4% |
| Payout Frequency | Bi-weekly |
| Max Funding | $300K |
Compare Funding Pips
The Final Verdict
Funding Pips is a well-regarded prop firm offering competitive profit splits and clear evaluation rules for funded traders.
4.5/5
Overall Score
90%
Profit Split