Funding Pips received a low score of 22/100 in our review, largely due to its lack of transparency, evasive customer support, and reports of unfair trading conditions. We strongly advise traders to avoid this firm and explore more reliable prop firms.
Funding Pips Summary
Funding Pips Warning
We do not recommend Funding Pips due to their lack of transparency around activation fees, poor customer support, and frequent complaints about manipulated trading conditions.
We strongly encourage you to consider more reputable prop firms like DNA Funded, Bright Funded, or IC Funded, which scored highly during our internal testing. These top rated prop firms provide clear pricing structures, with no hidden fees and more competitive spreads, ensuring a fairer trading environment.
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However, if you still want to try Funding Pips, you can use the following discount code to reduce your fees and risk.
Funding Pips Discount Codes
We regularly check and update Funding Pips coupon codes, below is the current promo:
Funding Pips scored the firm at 22/100 largely due to a lack of transparency, poor customer support, and reports of manipulated trading conditions. While the prop trading firm has a large online following and an active Discord community, these benefits are outweighed by concerns about hidden fees and unclear policies.
When we enquired about certain features, such as activation fees and pricing transparency, the Funding Pips provided vague responses and labeled some details as “confidential.” This lack of upfront disclosure creates challenges when you are trying to make informed decisions and raises broader concerns about the firm’s commitment to transparency and trustworthiness.
Funding Pips provides various evaluation models for traders aiming to secure funded accounts. However, significant concerns about hidden fees, lack of transparency, and unclear policies make this prop firm a risky choice for traders.
Funding Pips requires traders to pay both upfront challenge fees and additional activation fees after passing the evaluation phase. However, these activation fees are not disclosed beforehand, leaving traders unable to accurately plan their costs.
Efforts to clarify these fees through the support team resulted in vague and evasive responses. During a direct conversation, their team stated that activation fees are “confidential” and would only be revealed after passing the evaluation.
This lack of transparency around fees, combined with uncooperative support, raises serious concerns about the firm’s reliability. Without clear upfront costs, traders are left in a vulnerable position, unable to make fully informed decisions.
If you still choose to proceed with Funding Pips, there are four main challenge types available:
This model allows traders to bypass evaluations and start trading with funded accounts. However, stringent rules and restrictions accompany this option:
The instant funding appeal is undercut by the undisclosed activation fees, limiting its attractiveness.
The One-Step Challenge simplifies the evaluation process with a single phase:
While straightforward, the hidden fees and unclear terms diminish its potential value.
These challenges involve two evaluation stages, with distinct features for the standard and “X” versions:
FundingPips
FundingPips X
The key differences between the two models lie in their difficulty and requirements. FundingPips X is tailored for advanced traders, with stricter profit targets and tighter loss limits compared to the standard FundingPips model. Both models enforce a 45% consistency rule during evaluation and the Master account stage, ensuring profits are balanced across trading days.
Funding Pips’ scaling system offers incremental growth for consistent traders:
Bonuses for the Hot Seat include monthly payouts ranging from $100 to $500, based on account size.
Verdict on Challenges and Funded Accounts
While Funding Pips offers varied evaluation models and potential scaling, the lack of transparency about fees and inconsistent customer support heavily detracts from its reliability. For traders prioritising clarity and fairness, firms like DNA Funded or BrightFunded are more trustworthy alternatives.
Funding Pips’ approach to trading costs leaves much to be desired, with limited transparency about spreads and incomplete fee disclosures. This section breaks down the key issues related to spreads, commissions, and how they compare to industry standards.
Funding Pips claims to offer “raw spreads” across all account types. However, unlike reputable competitors, the firm does not disclose specific spread ranges or their liquidity providers. This lack of transparency makes it difficult to assess whether their pricing is competitive or aligned with industry standards. When pressed for details, Funding Pips did not provide clear information about their data sources, leaving traders uncertain about the accuracy or fairness of the spreads.
Funding Pips provides a tiered commission structure, varying between models:
Standard Accounts: $2 per standard lot (round turn).
FundingPipsX Model: $7 per standard lot (round turn).
While these rates may appear straightforward, the omission of spread details limits traders’ ability to calculate the total trading costs. Additionally, Funding Pips states that commissions for crypto, indices, and oil trades are waived, but the lack of further clarification raises concerns about hidden fees elsewhere.
Verdict on Spreads and Commission
Funding Pips’ ambiguous approach to spreads and incomplete disclosure of fee structures is a significant drawback. Transparency about trading costs is a standard expectation among top prop firms.
Competitors such as DNA Funded and BrightFunded explicitly detail spreads and commissions upfront, providing traders with clear insights into costs before committing to their platforms. Without this transparency, Funding Pips risks alienating traders seeking cost-effective and reliable trading environments.
Funding Pips offers a range of tradable instruments with varying leverage across its account types:
While the variety of instruments is competitive, the conservative leverage limits, particularly for Forex and metals, may not suit traders seeking higher risk-to-reward strategies.
Verdict on Markets and Leverage
Funding Pips provides solid market coverage, allowing traders to access diverse instruments. However, the restrictive leverage system limits flexibility, particularly for those trading Forex and metals. Competitors like DNA Funded and BrightFunded offer more accommodating leverage terms, which may better suit traders with aggressive or high-frequency trading strategies.
Funding Pips provides traders with access to three platforms, catering to different trading preferences:
Regardless of the platform, Funding Pips enforces strict trading rules:
Verdict on Trading Platforms
Funding Pips offers a range of platforms to suit different trading styles, but the absence of cTrader for US traders is a notable drawback. Additionally, while Match-Trader and Tradelocker provide adequate tools, they lack the advanced features expected by experienced traders. Coupled with restrictive trading rules, the platform offering may not fully meet the needs of diverse trading strategies.
Alternative firms with wider platform availability and fewer restrictions, such as BrightFunded, may be better options for traders seeking flexibility.
Funding Pips’ payment and payout structure raises significant concerns due to unclear activation fees and vague policies, making it challenging for traders to trust the firm fully.
Funding Pips accepts a variety of payment methods for challenge fees, including Google Pay, Apple Pay, cryptocurrencies (e.g., Bitcoin, Ethereum, USDT), credit and debit cards, Neteller, Skrill, Paysafe Card, and bank transfers. Transaction fees vary by method and financial institution, but specifics are not clearly outlined.
The most alarming issue lies in the activation fees, which are only disclosed after passing the evaluation phase. During support conversations, these fees were deemed “confidential,” leaving traders unable to accurately budget and raising significant trust concerns.
Funding Pips offers payouts ranging from 75% to 95% profit splits, with payout frequency varying between immediate requests and up to 30 days after trading begins. While the profit split percentages are competitive, the lack of clarity on fees and overall costs undermines the appeal.
Verdict on Payments and Payouts
Despite the availability of flexible payment methods and competitive profit splits, the opaque activation fees overshadow these benefits. Declaring fees “confidential” and withholding them until after passing evaluations puts traders in a precarious position. For traders prioritizing fairness and transparency, firms like DNA Funded or IC Funded are far more reliable choices.
Funding Pips offers live chat support and a basic FAQ section, but the overall quality of assistance and educational resources is subpar. Evasive responses and a lack of transparency hinder traders from accessing the information they need to succeed.
Funding Pips provides live chat support, which is readily available for queries. However, the quality of assistance leaves much to be desired. In direct communication, their support team was evasive and unhelpful when asked about critical details, such as activation fees and pricing sources. Notably, they labeled activation fees as “confidential” and only disclosed them after traders pass evaluations—a practice that raises significant concerns about transparency and trustworthiness.
The support team’s inability or unwillingness to clarify key information reflects poorly on the firm’s commitment to customer service. This lack of clarity creates unnecessary confusion and undermines traders’ ability to make informed decisions.
Funding Pips offers minimal educational resources. While the firm’s FAQ section and help articles provide some basic information about their models and rules, they lack comprehensive training materials or insights to help traders improve their skills. Compared to other prop firms that provide detailed guides, webinars, or trading tutorials, Funding Pips falls short in equipping traders for success.
Verdict on Support and Education
While Funding Pips provides accessible live chat support, its evasive responses and lack of transparency significantly weaken its reliability. Combined with limited educational resources, the firm does little to build confidence or empower traders.
Funding Pips has an active online presence, including a large Discord community with over 156,400 members and a previously prominent Trustpilot rating. However, it is not a broker-backed firm, and transparency issues significantly undermine its credibility. When asked about pricing sources, the firm refused to provide clear answers, calling the information “discreet to the firm.”
Funding Pips currently has a 4.4/5 star TrustScore based on 19,000 + reviews, however, Trustpilot temporarily suspended the profile in June 2024 due to an influx of reviews tied to media attention, raising questions about the legitimacy of some ratings. Although the profile was reinstated, recent reviews tell a different story.
There are pages of one star reviews from the past 30 days alone, with complaints highlighting serious issues:
These recent reviews underscore ongoing dissatisfaction, particularly with execution quality and unclear terms.
Funding Pips hosts an impressive Discord community with over 156,400 members, offering channels for strategy sharing, market insights, and trader networking. Despite its size, the community does not offset the broader concerns highlighted in reviews.
Verdict on Trust and Community
Funding Pips has a strong online presence, including a prominent Trustpilot rating and a large Discord community. However, it is not a broker-backed firm, and when asked directly about its pricing sources, it refused to disclose this information, claiming it was “discreet to the firm.”
Keep in mind, however, that you won’t know the full extent of the fees you’ll be charged—including the activation fees—until you pass the evaluation phase. This lack of transparency should be a major consideration before proceeding.
Signing up without knowing the complete fee structure puts traders at a financial disadvantage. If transparency and fairness are priorities for you, it’s worth considering other, more upfront, broker backed prop firms like DNA Funded or ThinkCapital.
Funding Pips presents itself as a prop trading firm offering various evaluation models, a sizable Discord community, and the potential for scaling. However, significant shortcomings overshadow these features, making it a risky choice for traders.
Key concerns include a lack of transparency regarding activation fees, which are only disclosed after passing the evaluation phase—a practice that undermines trust. Additionally, evasive customer support, frequent complaints about slippage, and unclear trading rules have left many traders dissatisfied. The refusal to disclose pricing sources further raises questions about the legitimacy of its trading conditions.
Funding Pips is not a good prop firm due to its lack of transparency, hidden fees, and evasive customer support, we instead recommend broker backed prop firms like DNA Funded or IC Funded. Traders frequently report issues with Funding Pips such as undisclosed activation fees, manipulated trading conditions, and unclear policies. Additionally, when asked about key details like pricing sources, the firm refused to provide clear answers. These factors raise significant trust concerns, making Funding Pips a risky choice for traders seeking a reliable and transparent prop trading firm.
The owner of Funding Pips is Khaled Ayesh, based in Dubai, UAE. Ayesh faced significant challenges in 2024 when Funding Pips temporarily ceased operations after MetaQuotes cut services, citing regulatory issues with U.S. accounts. The firm also lost its partnership with BlackBull Markets, further complicating operations. Although Ayesh promised transparency and swift recovery, these disruptions and the lack of clarity around key practices, including activation fees and pricing, have raised doubts about the firm’s reliability and trustworthiness.
Funding Pips’ payout frequency depends on the account type, with some offering instant funding and withdrawals at any time and others following scheduled payouts. Processing times vary by payment method: Google Pay, Apple Pay, credit/debit cards, Neteller, Skrill, and Paysafe Card are typically instant. Cryptocurrency withdrawals may take minutes to a few hours, while bank transfers can range from instant to 3 business days. However, Trustpilot reviews indicate occasional delays, raising concerns about consistency in payout processing.
Funding Pips has been operating since 2020, initially positioning itself as a prop trading firm offering funded accounts to retail traders. Despite gaining attention with its evaluation models, the firm faced a temporary closure in 2024 due to issues with MetaQuotes and regulatory pressures. It later resumed operations with alternative trading platforms like cTrader and TradeLocker. While it has been around for several years, ongoing transparency concerns and mixed reviews have impacted its reputation.
The 10-lot rule at Funding Pips limits traders to opening a total of 10 lots per day on Master accounts for the 1-Step and FundingPipsX models. If this limit is exceeded, all trades are closed, and trading is disabled until the limit resets at midnight CE(S)T. Exceeding the limit is a soft breach of trading rules, meaning traders do not lose their accounts but face trading restrictions until the next day. Held overnight trades count toward the next day’s limit.
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