Funding Pips launched in November 2022 out of Dubai and has grown into one of the most-reviewed prop firms in the space, with 55,000+ Trustpilot reviews at 4.5/5 and $137M+ in verified payouts across 60,000+ transactions. It offers four evaluation models across accounts from $5,000 to $300,000, with a scaling path to $2M. Platform support covers MT5, cTrader, MatchTrader, and TradeLocker.
Rating Breakdown
Pros
- $137M+ in verified payouts across 60,000+ transactions
- 55,000+ Trustpilot reviews at 4.5/5 — one of the largest review sets in prop
- Four evaluation models including Zero instant funding
- Hot Seat scaling plan takes funded traders up to $2M allocation
- 100% profit split available at Hot Seat tier
- Weekly, bi-weekly, monthly, and on-demand payout cycles
- MT5, cTrader, MatchTrader, and TradeLocker all supported
- No consistency rule on standard payout cycles (only applies on-demand)
- Evaluation fee refunded with first payout
- No time limit on 1-step and 2-step evaluations
Cons
- MT4 not supported
- Off-the-shelf EAs and purchased bots prohibited; source code required
- News trading restricted on funded accounts (5-min window rule)
- Weekend holding banned on Zero model
- Copy trading from external sources not permitted
- Martingale and grid strategies prohibited
- Zero model has strict 15% consistency rule at every payout
- Higher commission ($7/lot) on Pro and Zero vs. $2.50 on standard plans
Account Plans and Pricing
2-Step Challenge Rules
| Evaluation type | Two-step (Phase 1 + Phase 2) |
| Phase 1 profit target | 8% |
| Phase 2 profit target | 5% |
| Time limit | None |
| Min. trading days | 3 days per phase (6 total) |
| Max drawdown | 10% static (equity-based) |
| Daily loss limit | 5% |
| Consistency rule | 35% — applies only on On Demand payout cycle |
| Fee refund | Returned with first payout |
| Profit split options | 60% weekly / 80% bi-weekly / 100% monthly |
| Pricing ($5K / $10K / $25K / $50K / $100K) | $36 / $66 / $156 / $289 / $529 |
1-Step Challenge Rules
| Evaluation type | One-step |
| Profit target | 10% |
| Time limit | None |
| Min. trading days | 3 |
| Max drawdown | 6% static (equity-based) |
| Daily loss limit | 3% |
| Consistency rule | 35% — applies only on On Demand payout cycle |
| Fee refund | Returned with first payout |
| Pricing ($5K / $10K / $25K / $50K / $100K) | $59 / $99 / $199 / $319 / $555 |
2-Step Pro Challenge Rules
| Evaluation type | Two-step — lower fees, higher commission |
| Phase 1 profit target | 6% |
| Phase 2 profit target | 6% |
| Time limit | None |
| Min. trading days | 1 per phase (2 total) |
| Max drawdown | 6% static (equity-based) |
| Daily loss limit | 3% |
| Consistency rule | 35% if Daily reward selected in evaluation |
| Commission rate | $7/lot on forex and metals (vs. $2.50 on standard plans) |
| Fee refund | Returned with first payout |
| Pricing ($5K / $10K / $25K / $50K / $100K) | $29 / $55 / $109 / $219 / $399 |
Zero (Instant Funding) Rules
| Evaluation type | No evaluation — funded from day one |
| Profit target | None |
| Min. profitable days | 7 per 30-day window |
| Max drawdown | 5% trailing (from highest equity) |
| Daily loss limit | 3% + floating P&L limit of -1% |
| Consistency rule | 15% — applies at every payout |
| News trading | Prohibited (10-min pre/post window, opening and closing) |
| Weekend holding | Not allowed |
| Profit split | 95% standard; 100% at Hot Seat scaling tier |
| Max lot size | 20 lots per trade |
| Pricing ($5K / $10K / $25K / $50K / $100K) | $69 / $99 / $199 / $299 / $499 |
Payouts
| First payout eligibility | After completing evaluation and minimum trading day requirement |
| Processing time | 24 hours typical; many processed within 6–12 hours |
| Payout cycles available | Weekly (Tuesday), bi-weekly, monthly, on demand |
| Minimum withdrawal | 1% of account balance (approx. $100 minimum) |
| Profit split | 60% (weekly) / 80% (bi-weekly) / 100% (monthly) on 2-step; 95% on Zero |
| Payment methods | Crypto (BTC, ETH, USDT), bank wire, Rise, Visa/Mastercard |
| KYC required | Yes, before first payout |
| Verified total paid | $137M+ across 60,000+ transactions |
| Average payout | $2,265 |
| Largest single payout | $140,354 |
Trading Conditions
| Platforms | MT5, cTrader, MatchTrader, TradeLocker |
| MT4 | Not available |
| Instruments | Forex (majors, minors, exotics), gold (XAUUSD), silver (XAGUSD), indices (NAS100, US500, US30, UK100, GER40), energies (UKOIL, USOIL), crypto (BTC, ETH, XRP and more) |
| Max leverage (forex) | Up to 1:100 |
| Commission (standard plans) | $2.50/lot on forex and metals; $0 on crypto, indices, energies |
| Commission (Pro and Zero) | $7/lot on forex and metals; $0 on other instruments |
| News trading (evaluation) | Allowed |
| News trading (funded) | Restricted — no positions within 5 min of high-impact events |
| Overnight / weekend holding | Allowed on 1-step, 2-step, and Pro; not allowed on Zero |
| Expert Advisors | Allowed with proof of ownership (source code / development history); off-the-shelf bots prohibited |
| Martingale / grid strategies | Prohibited |
| Copy trading | External copy trading not permitted |
| Hedging between accounts | Prohibited |
| Max risk per trade idea | 3% of initial balance (<$50K accounts); 2% for accounts $50K+ |
| Swap-free (overnight) | Available as add-on for MT5 forex and metals positions |
Hot Seat Scaling Plan
| Level 1 — Launchpad | 4 payouts + 10% cumulative profit → +20% capital, +1% drawdown buffer |
| Level 2 — Ascender | 8 payouts + 20% cumulative profit → +30% capital, additional drawdown increase |
| Level 3 — Trailblazer | 12 payouts + 30% cumulative profit → +40% capital, max drawdown rises to 13% |
| Level 4 — Hot Seat | 16 payouts + 40% cumulative profit → 2× initial capital, 100% profit split, on-demand payouts, up to $2M, $100–$500 monthly bonus |
| Calculation basis | Original account size (not merged totals) |
| Max allocation | $2,000,000 |
Our Verdict
Funding Pips has built one of the most credible track records in the prop firm space by volume. Over $137M paid to traders across 60,000+ transactions and 55,000+ Trustpilot reviews is not a small-sample result. For a firm that launched in late 2022, the payout data alone makes it worth serious consideration.
The four-model structure gives traders genuine choices rather than cosmetic variation. The standard 2-Step is the most accessible entry point at $36 for a $5K account, with a reasonable 8%/5% two-phase structure and 10% static drawdown. The 2-Step Pro cuts fees further but trades them for a higher per-lot commission of $7 versus $2.50, which matters for high-frequency or scalping strategies. The 1-Step suits traders who want to pass a single target and move on. The Zero model is the most distinct option, offering funded accounts from day one at 95% split, but with the strictest rules: 5% trailing drawdown, no news trading, no weekend holding, and a 15% consistency rule at every payout cycle. Traders considering Zero should model their strategy carefully against these constraints before committing.
The payout structure on standard plans is tiered to the cycle you choose. Weekly payouts return 60%, bi-weekly return 80%, and monthly return 100%. This is unusual — most firms set a fixed split. It effectively rewards patience, but traders who need regular cash flow will give up a meaningful portion of their profit split by taking the weekly option. Use our consistency calculator if you are considering the On Demand cycle, where the 35% consistency rule applies.
The EA policy is worth flagging clearly. Funding Pips allows algorithmic trading, but only for EAs where the trader can provide source code or verifiable development history. Off-the-shelf bots and purchased signals are prohibited. This is stricter than it first appears and will catch out traders who use third-party automated systems without thinking through the ownership requirement.
Platform coverage is solid at MT5, cTrader, MatchTrader, and TradeLocker, but the absence of MT4 will be a barrier for traders whose existing tools are built on MT4. The four-platform lineup still covers most active traders in the CFD space.
Overall, Funding Pips sits in the upper tier of established prop firms. The payout volume and review count give it credibility that newer firms cannot match. The main points to weigh are the EA ownership requirement, the news trading restriction on funded accounts, and the variable profit split tied to payout frequency. Traders who structure their approach around these rules should find the firm well-run and consistent.
Frequently Asked Questions
Is Funding Pips a legitimate prop firm?
Funding Pips launched in November 2022 and is registered in Dubai (IFZA Business Park). It holds over 55,000 Trustpilot reviews at 4.5 out of 5 and has paid out more than $137M across 60,000+ transactions, with an average payout of $2,265 and a largest single payout of $140,354. It is not regulated by a financial authority, which is standard for prop firms in this space.
What challenge types does Funding Pips offer?
Funding Pips offers four evaluation models: 1-Step (10% profit target, 6% static drawdown), 2-Step (8% Phase 1 and 5% Phase 2, 10% static drawdown), 2-Step Pro (6% per phase, lower fees but higher commission at $7/lot), and Zero (instant funding with no evaluation, 5% trailing drawdown, 95% split). All accounts run from $5,000 to $300,000.
What is the Funding Pips drawdown rule?
Drawdown is calculated on equity including floating losses, not balance. The 1-Step and 2-Step Pro use a 6% static max drawdown. The standard 2-Step uses 10% static. The Zero instant funding model uses a 5% trailing drawdown based on highest equity. Daily loss limits are 3% on the 1-Step and Pro, 5% on the 2-Step, and 3% plus a -1% floating P&L limit on Zero.
What platforms does Funding Pips support?
Funding Pips supports MT5, cTrader, MatchTrader, and TradeLocker. MT4 is not available. MT5 traders can add a Swap-Free option for overnight positions on forex and metals instruments.
Does Funding Pips have a consistency rule?
A 35% consistency rule applies only to traders who select the On Demand payout cycle on 1-Step and standard 2-Step challenges — no single day can exceed 35% of total profit. The Zero model has a stricter 15% consistency rule that applies at every payout. Standard weekly, bi-weekly, and monthly payout cycles on the 1-Step and 2-Step have no consistency requirement.
Ready to try Funding Pips?
4 challenge types. $137M+ paid out. Scale to $2M. MT5, cTrader, MatchTrader, TradeLocker.
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