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FundingPips Prop Firm Overview

FundingPips is a Dubai-based forex prop trading firm (founded in 2020) that allows traders to access funded trading capital after proving themselves in a trading evaluation. The firm has gained popularity for its trader-centric approach and innovative features. Unlike many prop firms, FundingPips imposes no time limits on its challenges, giving traders unlimited time to reach profit targets. With affordable fees (challenges start at just $29 for a $5K account) and a high profit-share, it has attracted beginners and seasoned traders alike. The company is well-rated in the community (around 4.5/5 on Trustpilot as of 2025) and is known for fast payouts and transparency in operations.

FundingPips’ model is simple: traders pay a one-time fee to take a trading evaluation challenge, follow specific risk rules during the evaluation, and if they meet the profit target without breaking any rules, they are offered a funded account (also called a Master account). In the funded stage, traders can then trade a demo account mirroring live markets and keep a percentage of the profits (profit split) which can grow as high as 100% for top performers. By offering multiple evaluation formats and even an instant funding option, FundingPips caters to different trading styles and experience levels. Below, we’ll break down how FundingPips works, its account types, evaluation process, payout structure, risk rules, trading platforms, and the standout features that make it unique in the prop firm space.

 

How Does FundingPips Work?

FundingPips operates like most proprietary trading firms in that traders must prove their skills through a demo evaluation phase before accessing company funds. Here’s an overview of the process:

  • Choose an Evaluation Plan: FundingPips offers four evaluation models (detailed in the next section) to suit different trader preferences – from a classic two-step challenge to a single-step or even instant funding for experienced traders. You also select your account size (from as low as $5,000 up to $100,000 in virtual trading capital for the challenge).
  • Pay the One-Time Fee: Each challenge has a one-time fee (for example, ~$55 for a $5K two-step challenge, up to ~$400 for a $100K challenge) which is refundable after you pass and receive your first payout. Using a discount code can reduce this cost (more on that later).
  • Meet the Profit Target under Rules: You then trade on the evaluation account with the goal of reaching the profit target (e.g. +8% or +10%) without violating the risk rules (such as daily loss limits). There are no minimum or maximum days to finish – you can take your time, though a few minimum trading days are required. If you achieve the target and stay within rules, you pass the evaluation.
  • Get a Funded Account: Once you pass, FundingPips will verify your identity (KYC process) and provide a funded “Master” account where you trade with the firm’s capital. All trading is done on demo accounts (no real money at risk to you), but profits are real – the firm pays you according to the profit split agreement.
  • Earn Profit Splits: On the funded account, you keep 80% of the profits by default, and FundingPips keeps 20%. This profit share can increase up to 90% or even 100% as you demonstrate consistency or opt for certain payout structures. Payouts can be requested on a flexible schedule (weekly, bi-weekly, monthly, etc.), and are typically processed quickly (within 1-3 business days).
  • Scale Up Your Capital: FundingPips also offers a scaling plan – if you continue to trade well, your account balance can be increased over time (they advertise scaling up to $1 million in capital for elite traders). Top performers who reach the “Hot Seat” elite level can even earn a 100% profit share and other perks like a monthly salary, making FundingPips particularly attractive for those aiming to grow their trading career long-term.

Overall, the process is designed to be straightforward: prove yourself, get funded, and earn from your trading skills. Next, we’ll dive into the specific account types and evaluation models FundingPips provides.

Evaluation Models and Account Types

One aspect that makes FundingPips stand out is the variety of evaluation models it offers. Traders can choose the challenge that best fits their strategy and risk tolerance. FundingPips has four main account types/challenges:

  1. Two-Step Evaluation (Standard): This is a classic two-phase challenge. Phase 1 requires an 8% profit target, and if you pass, Phase 2 requires a 5% profit target. Risk limits in each phase are a 5% daily drawdown and 10% maximum drawdown relative to starting balance. You must trade a minimum of 3 days in each phase. Upon passing Phase 2, you receive a funded account with an 80% profit split to start. This model is good for traders who prefer a traditional evaluation with moderate targets and standard risk limits.
  2. Two-Step Pro Evaluation: This option also has two phases but with lower profit targets – only +6% in Phase 1 and +6% in Phase 2. However, the risk rules are stricter: only a 3% daily drawdown and 6% overall drawdown allowed. It also has no minimum trading days in each phase (just 1 day required), and no time limit to finish. Profit split is ~80% as well. This model suits disciplined traders who want a smaller profit goal but can adhere to tighter risk limits. The unlimited time frame removes pressure, letting you trade at your own pace.
  3. One-Step Evaluation: A single-phase challenge for those who want to skip the second verification phase. The target is +10% profit on the account with risk limits of 5% max daily loss and 10% max total loss, similar to the standard model. You need to trade at least 3 days. If you reach 10% profit without a rule violation, you directly qualify for funding. This path is faster (only one step) but requires a higher profit in one go. Traders confident in their strategy might choose this to get funded quicker. Notably, no time limit applies here either, and profit splits can be up to 100% for the best traders after scaling.
  4. Zero Phase / Instant Funding: This is an instant funding program (sometimes called FP Zero). You skip the demo evaluation entirely and get a funded account immediately. The upside is you start earning real profit splits from day one – a generous 95% profit split is offered on the instant funded account. The trade-off is a higher cost for entry and stricter rules on risk/consistency. The drawdown limits are typically 5% daily and 10% overall on the account (similar to standard), and there may be additional consistency rules to ensure traders don’t gamble excessively. This option is aimed at experienced traders who are confident and want to trade live capital without proving themselves in a challenge. It provides the fastest route to a funded account, albeit at a premium fee and with tight risk management from the start.

For all evaluation types, account sizes range from $5,000 up to $100,000 (virtual capital) for the challenge. Popular choices are 50K and 100K accounts, but even a small $5K account is offered for those who want to start small. The evaluation fee scales with the account size – for example, around $55 for a $5K two-step challenge up to $400 for a $100K two-step challenge. One-step and instant programs cost slightly more due to their advantages (the minimum fee is $29 for some smaller one-step accounts). Importantly, all fees are one-time and refundable after you successfully complete the evaluation and get your first profit payout, which means if you succeed, the challenge effectively costs you nothing in the long run.

Summary of Key Targets & Rules: In all FundingPips challenges, the profit targets range from 6% to 10% depending on the model, and allowed drawdowns range from 3% daily/6% total (most strict) to 5% daily/10% total (standard). A few minimum trading days are required (generally 3 per phase, or 1 in the Pro option), but there is no maximum time limit – you can take several weeks or months if needed, which is a significant benefit over many firms that enforce 30-day deadlines. If you fail by breaching a rule or not hitting the target, the evaluation account is terminated (with no refund), but you can always try again. This flexible structure allows traders of all styles – swing traders, day traders, algorithmic traders – to attempt the challenge at their own pace.

Risk Management Rules and Trading Conditions

Like any prop firm, FundingPips has specific risk management rules that traders must follow during the evaluation (and in funded accounts) to protect the capital. Here are the key rules and conditions to be aware of:

  • Daily Loss Limit: You cannot exceed a certain percentage loss in a single day. Depending on the account type, this is either 5% (for standard one-step and two-step accounts) or 3% (for the Pro account) of the starting balance. If your drawdown in a day (floating or closed losses) hits this threshold, it’s a violation.
  • Maximum Total Drawdown: This is the overall drawdown allowed from the starting balance (often called max loss). It’s typically 10% on standard accounts and 6% on the Pro account. This is a static drawdown – for example, on a $100K account, dropping to $90K equity at any point would breach the 10% max loss rule.
  • Inactivity Rule: While there’s no time limit to finish, FundingPips does require you to stay active. If your account has no trading activity for over 30 days during the evaluation, it will be terminated for inactivity. So, you can go slow, but not completely idle.
  • Minimum Trading Days: To ensure you didn’t just hit a lucky single trade, you must have a few profitable days of trading. The standard challenges require at least 3 profitable days in each phase (or overall for one-step). The Two-Step Pro only requires 1 day due to its more professional assumption. A “profitable day” means the day’s net P/L is positive.
  • No Weekend or News Holding (Funded Stage): Once you are funded (in a Master account), holding trades over the weekend or during major news events is not allowed. This rule is common as prop firms want to avoid gap risk on live capital. You should close positions by end of Friday and avoid trading a few minutes around high-impact news releases on funded accounts (during evaluation this may be more lenient, but it’s best to follow similar caution).
  • Banned Strategies: High-frequency trading (HFT) techniques, latency arbitrage, or any exploitative algorithms are prohibited. These are strategies that aren’t reflective of normal trading skill (often abusing tech loopholes). Copy trading from other accounts and using insider info are also disallowed. Standard strategies like scalping, swing trading, hedging, and using EAs (Expert Advisors) or signals are allowed – in fact, FundingPips explicitly permits EAs, bots, and algorithmic trading during evaluations, which is a big plus for automated traders.
  • Consistency Rule: No strict consistency rule during evaluation. FundingPips does not impose a rule that says you can’t make too much of your profit in one day or one trade while in the challenge (some firms have that). However, after you are funded, a consistency rule applies: e.g., the firm mentions a max 45% profit in one day on funded accounts. This means you shouldn’t earn more than roughly half your account in a single day payout, likely to encourage steady trading and flag risky behavior.
  • Leverage: FundingPips offers leverage up to 1:100 on most forex pairs in the standard evaluation accounts. Some account types have slightly lower leverage (for example, One-Step and Instant accounts may be around 1:50 on major FX to reduce risk). But generally, 1:100 is available, which is plenty for forex trading. Indices, commodities, and crypto have lower leverage limits (e.g. 1:20 on indices, 1:2 on crypto) for risk management.

It’s crucial for traders to manage their risk carefully under these rules. Hitting a 5% daily loss is easier than one might think if over-leveraged. Fortunately, the rules (especially no time limit) encourage responsible trading. If you follow proper position sizing and strategy, FundingPips’ rules are fairly standard and achievable. The no-weekend, no-news restriction in funded accounts is something to plan around if you trade longer-term or news events – you’ll need to flatten positions to comply. Overall, FundingPips’ risk rules align with industry norms while giving traders flexibility to trade their style (no micromanaging of how you trade, as long as you don’t break the loss limits or banned strategy list).

Trading Platforms Supported by FundingPips

FundingPips integrates with multiple popular trading platforms, ensuring traders can use their preferred tools and interfaces. The firm currently supports three main trading platforms:

  • MetaTrader 5 (MT5): The widely-used forex trading platform known for its advanced charting, indicators, and algorithmic trading (via Expert Advisors). FundingPips added MT5 support in 2025. Traders who are accustomed to MT4/MT5 will feel at home using MT5 with FundingPips.
  • Match-Trader: A modern trading platform that offers a balance of simplicity and advanced features. It has an intuitive interface ideal for both beginners and experienced traders. Match-Trader provides seamless trade execution, real-time data, and a range of analytical tools. It’s a web and mobile compatible platform, giving traders flexibility without requiring MetaTrader software.
  • cTrader: A professional-grade trading platform known for its robust infrastructure and rich feature set. cTrader offers advanced charting, multiple time frames, level-II pricing, and built-in cAlgo for automated strategy development. It’s favored by many CFD traders for its transparency and execution speed. Note: FundingPips offers cTrader for a small surcharge (around $20 extra fee) on the challenge, due to higher liquidity costs – but it’s available if you prefer it for its tools or algorithmic capabilities.

Additionally, some reviews note that FundingPips has offered TradeLocker – a simplified, user-friendly trading interface that’s great for newcomers. TradeLocker is a stripped-down platform with essential tools, allowing quick and easy trade execution in a web browser. It is designed for ease of use and requires no complex setup, which can help newer traders or those who want a basic platform for managing their trades. (TradeLocker availability isn’t advertised on the main site as of now, but it has been part of their platform lineup, indicating the firm’s commitment to catering to traders of all preferences.)

All these platforms support trading in forex, indices, commodities, and crypto markets offered by FundingPips. You can choose your platform when signing up for a challenge. The platforms come with mobile and desktop access, so you can monitor or trade your account on the go. Furthermore, automated trading is allowed – if you have a favorite EA or algorithm, FundingPips permits it (unlike some firms that ban automation). This flexibility in platform choice and trading style is a strong advantage of FundingPips, ensuring you’re not forced to use a platform you’re uncomfortable with.

Payout Structure and Profit Split

One of the most important aspects of a prop firm is how you get paid. FundingPips offers a generous profit split and a very flexible payout structure for funded traders.

  • Profit Split Percentage: When you first get funded, you keep 80% of your profits and the firm receives 20%. This is on par with or better than industry-standard (many firms start at 70-80%). What’s exciting is that FundingPips allows this profit share to increase up to 90% and even 100% based on performance and loyaltyl. Through their scaling plan and “Hot Seat” program, traders who demonstrate consistent profitability can reach a point where they retain 100% of the profits (the firm essentially just acts as broker). According to the company, reaching Hot Seat (Elite Trader) status – which involves scaling your account and hitting certain milestones – unlocks that 100% profit share, plus even a monthly salary for top performers. Even without reaching that level, traders can gradually move from 80% to 85% to 90% profit splits as they hit profit targets and possibly as a reward for not withdrawing profits immediately.
  • Flexible Payout Cycles: FundingPips has a unique system where you can choose how often to get paid, and the profit split can vary with that choice. The firm’s “Flexible Reward Cycles” mean you decide whether to withdraw profits weekly, bi-weekly, monthly, or on-demand. If you opt for a weekly payout (every Tuesday), the profit split is typically 60-80% for that cycle. If you wait two weeks (bi-weekly), it goes up (around 80%). If you wait a whole month, you can receive 100% of the profit in that payout. There’s even an on-demand option (request anytime, presumably capped around 90%). In practice, this means traders who are patient and leave profits in until month-end are rewarded with a higher payout percentage, whereas those withdrawing more frequently still get a great split but slightly less. This tiered payout incentive is quite unique in the prop firm space and encourages long-term growth of the account. (For example, a trader might choose to only withdraw monthly to maximize their take-home, effectively paying themselves as if they were the firm!)
  • Payout Process: Payouts are requested through the FundingPips dashboard. The standard payout day is Tuesday each week (for those on weekly cycle). Depending on when your funded account started, you might be eligible to request as soon as the next Tuesday after activation. All open trades must be closed when you request a payout, and the account is temporarily set to view-only mode while the payout is processed. Processing time is generally 1-3 business days for the money to reach you, which is relatively fast.
  • Payout Methods: FundingPips supports withdrawals via cryptocurrency (USDT) or via Rise (likely a payment processor or bank transfer system)w. They may also accommodate other methods like bank wires or e-wallets, but crypto is a common choice for speed. No internal taxes or fees are withheld by FundingPips on payouts; traders are responsible for their own taxes in their country.
  • Minimum Payout: There is a minimum profit threshold to request a payout – currently, you must withdraw at least 1% of the account balance (including your profit split portion). For example, on a $100K account, 1% is $1,000 (with an 80% split that means at least $800 profit to you). This is to prevent extremely small withdrawals that could be cumbersome administratively. It’s a reasonable threshold that still allows frequent payouts if you’re profitable.

In summary, FundingPips not only offers high profit shares but also tremendous flexibility in how you get paid. You can take profits out as early as weekly, or let them compound and withdraw larger amounts at 100% profit share less frequently. This system caters to both those who want steady income and those who prefer to grow their account. Combined with the scaling plan (increasing account size for consistent traders) and the ultimate 100% profit Hot Seat goal, the payout structure is one of FundingPips’ strongest attractions. It’s clear the firm’s philosophy is to reward successful traders and keep them with the firm long-term.

Standout Features of FundingPips

FundingPips has several features that distinguish it from other forex prop firms and make it appealing to traders:

  • No Time Limit on Challenges: Many prop firms enforce 30-day or 60-day time limits to hit profit targets, which can pressure traders into overtrading. FundingPips gives unlimited time for all its evaluation models. This stress-free evaluation environment lets you trade at your own pace. You can focus on good trades rather than rushing to meet a deadline – a huge plus, especially for swing traders or those who can’t trade every day.
  • Multiple Evaluation Paths: With four account types (two-step, two-step pro, one-step, instant), FundingPips truly lets traders choose their preferred path. Whether you want a quick one-phase challenge, a more forgiving two-phase, or to jump straight to funding, there’s an option for you. This variety is greater than most firms that usually offer only one or two models. It shows FundingPips’ commitment to catering to different trader skill levels and styles.
  • Trader-Friendly Rules: Aside from standard risk limits, FundingPips is relatively permissive on trading style. All strategies are allowed except those that exploit technical loopholes. You can scalp, swing, hedge positions, use martingale/grid (if you manage risk), or run expert advisors. Automated trading and EAs are explicitly allowed, which sets FundingPips apart from firms that ban bots. The absence of a strict consistency rule in the evaluation phase means you won’t be penalized for making a large portion of profits in one trade – profit is profit, as long as risk rules were respected. This flexibility gives traders a sense of freedom and trust in their strategy.
  • Wide Range of Trading Platforms: As discussed, FundingPips supports MT5, cTrader, Match-Trader, and even TradeLocker. Few prop firms offer such a selection. Whether you prefer the MetaTrader ecosystem or newer platforms, you’re covered. This is great for traders who might want to use specific tools (for instance, cTrader’s advanced cAlgo for automation) or those who dislike MetaTrader and want an alternative.
  • Fast Scaling to Higher Capital: FundingPips encourages traders to grow. You can scale your account size relatively quickly compared to some competitors. The firm mentions scaling up to $1,000,000 in capital for those who consistently profit and follow rules. They will gradually increase your allocation as you hit certain profit milestones (often doubling your account every time you hit ~10% profit without withdrawals, subject to their scaling plan terms). This means a trader could start with a $50K account and, over time, work their way to managing six-figure capital and beyond, all while keeping a large share of the profits.
  • “Hot Seat” Elite Trader Program: A unique program where top traders (usually those who have scaled up accounts successfully) are invited to the Hot Seat. In Hot Seat, traders can receive 100% profit share (no split) and even a monthly salary or stipend paid by the firm. This is quite rare in the industry – essentially, the firm pays you a salary to keep trading well, in addition to all your trading profits. It’s a sign of how much FundingPips values retaining skilled traders.
  • Flexible Payout System: The reward cycle choice is another standout feature. Traders can choose to withdraw profits at different intervals with varying profit splits (as explained earlier). This level of flexibility – weekly payouts or monthly 100% payouts – is uncommon. It effectively lets you customize your payment schedule and potentially maximize earnings if you plan wisely.
  • Zero Payout Denial Policy: FundingPips markets a “Zero Reward Denials” promise. In other words, if you follow the rules, they claim they will never unjustly deny a payout. This addresses a common concern in the prop trading world, where some traders fear firms finding excuses not to pay. FundingPips emphasizes transparency and trust – by policy, they won’t cancel your funded account or refuse your withdrawal for trivial reasons. Knowing this can give traders peace of mind that their effort won’t be wasted.
  • Active Community and Support: The firm has a large community (Discord with 160k+ members) and is very communicative with traders. They offer 24/7 live chat support and extensive FAQs for help. There’s also an educational blog and webinars for those looking to improve their trading skills. While not a direct trading feature, this level of support can be invaluable, especially for newer traders who might have many questions during the evaluation.

Overall, these features make FundingPips a unique and attractive prop firm. It blends the traditional prop firm model with innovative twists designed for the trader’s benefit. Whether it’s the freedom of no time limits, the choice of different challenges, or the potential of earning 100% profits, FundingPips positions itself as a prop firm that wants its traders to succeed and stick around for the long haul.

Final Thoughts

FundingPips offers a compelling opportunity for those seeking a forex prop firm with flexibility and trader-friendly policies. Its combination of no time-limit evaluations, multiple challenge types, high potential profit splits, and choice of trading platforms makes it suitable for all levels of traders. Whether you’re a cautious trader who needs time to hit a 8% target, or an aggressive trader aiming for a quick 10% in one phase, FundingPips has a pathway for you. The firm’s emphasis on transparency and rewards (from refunding fees to scaling up your trading capital) shows that it prioritizes trader success and longevity.

If you’re considering a prop firm to prove your trading skills, FundingPips is definitely worth a look. With the 5% off referral link from TopPropOffers.com and discount code TOPPROP, you can start your challenge with a discount and work your way toward managing funded trading capital. As always, approach the evaluation with discipline and good risk management. Passing a prop firm challenge is a real accomplishment, and with FundingPips’ supportive framework, you have a solid chance to join the ranks of funded traders and potentially scale up to a significant trading account. Good luck on your trading journey!