Funding Pips has quickly become one of the most talked-about proprietary trading firms in the industry since its launch in 2022. Headquartered in Dubai, UAE, the firm has distributed over $200 million in verified payouts and earned a 4.5-star Trustpilot rating from nearly 50,000 reviews. But does the hype match reality? In this comprehensive Funding Pips review, we break down every evaluation model, trading rule, payout structure, and platform option so you can decide whether this prop firm deserves your capital — and your trust.
If you are short on time, you can find our full breakdown with pricing tables, discount codes, and side-by-side competitor comparisons on PropFirmKey's dedicated Funding Pips page.
What Is Funding Pips?
Funding Pips (officially FundingPips) is a UAE-based proprietary trading firm founded in 2022 by Khaled Ayesh. The company provides funded trading accounts for forex, indices, commodities, and cryptocurrency CFDs. Traders do not risk their own capital once funded — instead, they pass an evaluation challenge and then trade the firm's money in exchange for a share of the profits.
What sets Funding Pips apart from dozens of competitors is the sheer variety of evaluation paths available. While most prop firms offer one or two challenge types, Funding Pips provides four distinct models — 2-Step Standard, 2-Step Pro, 1-Step, and Zero (Instant Funding) — each designed for a different trader profile. Account sizes range from $5,000 to $100,000, with a scaling program that can grow your capital to $2,000,000.
The firm operates under the regulatory framework of the UAE and processes payouts through Riseworks, bank wire, and cryptocurrency (USDT/USDC). With RAW spreads, $5 commission per standard lot round turn, and support for multiple platforms, Funding Pips targets serious retail traders who want institutional-grade conditions without the six-figure deposit.
For the latest verified pricing and user ratings, visit PropFirmKey — Funding Pips.
Funding Pips Evaluation Models
Funding Pips offers four evaluation programs. Each model balances profit targets, drawdown limits, and pricing differently. Here is a detailed breakdown.
2-Step Standard Challenge
The 2-Step Standard is Funding Pips' flagship program and the most popular choice among traders. It offers the most generous drawdown allowance and the highest leverage.
| Account Size | Fee | Phase 1 Target | Phase 2 Target | Daily Loss | Max Drawdown | Min Days | Leverage | Profit Split |
|---|---|---|---|---|---|---|---|---|
| $5,000 | $36 | 8% | 5% | 5% | 10% | 3 | 1:100 | 80% |
| $10,000 | $66 | 8% | 5% | 5% | 10% | 3 | 1:100 | 80% |
| $25,000 | $149 | 8% | 5% | 5% | 10% | 3 | 1:100 | 80% |
| $50,000 | $249 | 8% | 5% | 5% | 10% | 3 | 1:100 | 80% |
| $100,000 | $444 | 8% | 5% | 5% | 10% | 3 | 1:100 | 80% |
The 2-Step Standard is ideal for most traders. The 10% total drawdown gives you breathing room during volatile sessions, and the 8%/5% profit targets are achievable without taking outsized risk. Use the Funding Pips discount code d81f3890 to save 20% on any account size.
2-Step Pro Challenge
The Pro version is the most budget-friendly option but comes with tighter risk parameters.
| Account Size | Fee | Phase 1 Target | Phase 2 Target | Daily Loss | Max Drawdown | Min Days | Leverage | Profit Split |
|---|---|---|---|---|---|---|---|---|
| $5,000 | $29 | 6% | 6% | 3% | 6% | 3 | 1:50 | 80% |
| $10,000 | $54 | 6% | 6% | 3% | 6% | 3 | 1:50 | 80% |
| $25,000 | $129 | 6% | 6% | 3% | 6% | 3 | 1:50 | 80% |
| $50,000 | $199 | 6% | 6% | 3% | 6% | 3 | 1:50 | 80% |
| $100,000 | $349 | 6% | 6% | 3% | 6% | 3 | 1:50 | 80% |
The Pro is designed for disciplined, low-risk traders who can operate within a 3% daily loss and 6% total drawdown. If your strategy already produces small, consistent gains, this is the cheapest way in.
1-Step Challenge
For experienced traders who want to skip the second phase entirely, the 1-Step model condenses everything into a single evaluation.
| Account Size | Fee | Profit Target | Daily Loss | Max Drawdown | Min Days | Leverage | Profit Split |
|---|---|---|---|---|---|---|---|
| $5,000 | $59 | 10% | 4% | 6% | 3 | 1:50 | 80% |
| $10,000 | $99 | 10% | 4% | 6% | 3 | 1:50 | 80% |
| $25,000 | $199 | 10% | 4% | 6% | 3 | 1:50 | 80% |
| $50,000 | $329 | 10% | 4% | 6% | 3 | 1:50 | 80% |
| $100,000 | $549 | 10% | 4% | 6% | 3 | 1:50 | 80% |
The trade-off is clear: one phase instead of two, but the 10% profit target is steeper and the drawdown is tighter than the Standard 2-Step. This model rewards confidence and efficiency.
Zero (Instant Funding)
The Zero model lets you skip the evaluation entirely and start trading a funded account immediately.
| Account Size | Fee | Safety Cushion | Daily Loss | Max Drawdown | Min Days | Leverage | Profit Split |
|---|---|---|---|---|---|---|---|
| $5,000 | $59 | 3% | 3% | 6% | 3 | 1:50 | 80% |
| $10,000 | $119 | 3% | 3% | 6% | 3 | 1:50 | 80% |
| $25,000 | $249 | 3% | 3% | 6% | 3 | 1:50 | 80% |
| $50,000 | $399 | 3% | 3% | 6% | 3 | 1:50 | 80% |
| $100,000 | $699 | 3% | 3% | 6% | 3 | 1:50 | 80% |
Important caveat: the first 3% of your profits serve as a "safety cushion" and cannot be withdrawn. A 15% consistency rule also applies, making this the most restrictive program. It is best suited for traders who have a proven track record and want immediate access to capital.
Which Model Should You Pick?
- New to prop firms? Start with the 2-Step Standard. The generous drawdown limits forgive early mistakes.
- Budget-conscious? The 2-Step Pro starts at just $29 (or $23.20 with the discount code below).
- Experienced and confident? The 1-Step saves time. One phase, one target, done.
- Want instant access? The Zero model works, but read the fine print on the safety cushion and consistency rules.
Compare all models and get updated pricing at PropFirmKey — Funding Pips.
Funding Pips Trading Rules
Understanding the rules is critical. Violating any of these will result in account termination, regardless of your profit.
Maximum Daily Loss
The daily drawdown limit varies by model:
- 2-Step Standard: 5% of the initial account balance
- 2-Step Pro / 1-Step / Zero: 3-4% of the initial account balance
This limit resets at midnight server time. Both realized losses and floating (unrealized) losses count toward this threshold. If your equity drops below the daily loss limit at any point during the day, your account is breached immediately.
Maximum Total Drawdown
- 2-Step Standard: 10% (static, based on initial balance)
- 2-Step Pro / 1-Step / Zero: 6% (static, based on initial balance)
The drawdown is static, meaning it does not trail your equity high. This is a significant advantage over firms that use trailing drawdown, as it gives you a fixed safety net from day one.
Minimum Trading Days
All models require a minimum of 3 trading days per phase. A trading day is defined as a day where at least one position is opened. There is no maximum time limit — you can take as long as you need to hit the profit target.
Trading Style Freedom
Funding Pips allows a relatively wide range of strategies:
- Expert Advisors (EAs): Allowed, provided they do not engage in high-frequency trading or latency arbitrage.
- Scalping: Permitted with no minimum hold time during the evaluation phase.
- News Trading: Allowed during evaluation. However, note that news trading restrictions may apply once funded — profits from news trades on the funded account may be deducted.
- Hedging: Allowed on the same account.
- Overnight and Weekend Holding: Permitted.
Prohibited strategies include HFT, tick scalping, arbitrage, toxic order flow, copy trading from other prop firm accounts, and all-or-nothing (martingale-style) approaches.
Instruments Available
Funding Pips offers a broad range of tradable instruments:
- Forex: 75+ pairs (majors, minors, 15+ exotics) — leverage up to 1:100
- Indices: 15 global indices including S&P 500, NASDAQ, DAX — leverage up to 1:20
- Commodities: Gold, Silver, Oil, Natural Gas, Carbon Credits — leverage varies
- Cryptocurrencies: 25+ assets including BTC, ETH, XRP — leverage 1:5
RAW spreads are standard across all accounts. Commission is $5 per standard lot round turn on forex, 0.04% on crypto, and commission-free on indices and oil.
Funding Pips Payout & Profit Split
Profit Split Structure
Funding Pips starts all funded traders at an 80/20 profit split (80% to the trader). Through the scaling program, this can increase to 100% at the highest tier:
| Tier | Payouts Required | Profit Earned | Account Growth | Profit Split |
|---|---|---|---|---|
| Launchpad | 4 | 10% | +20% | 80% |
| Ascender | 8 | 20% | +30% | 85-90% |
| Trailblazer | 12 | 30% | +40% | 90-95% |
| Hot Seat | 16 | 40% | Account doubled | 100% |
Reaching Hot Seat status means a 100% profit split and the potential to manage up to $2,000,000 in funded capital. This is one of the most aggressive scaling paths available in the prop firm industry.
Payout Frequency
Payouts are processed every Tuesday on a bi-weekly cycle. After your first payout (which requires a 14-day waiting period), subsequent withdrawals follow the regular Tuesday schedule. Processing time is typically 1-3 business days.
Withdrawal Methods
- Riseworks (Rise): The primary payout method for amounts above $500. Rise is a regulated fintech payout solution that supports bank transfers in most countries.
- Cryptocurrency (USDT/USDC): For payouts below $500 or traders who prefer crypto settlements.
- Bank Wire: Available as an alternative for international traders.
A flat $10 withdrawal fee applies per transaction. The minimum withdrawal is 1% of the initial account balance (after applying the profit split).
Scaling Program
The evaluation fee is refundable upon your first payout from the funded account. Combined with the scaling program's account growth and increasing profit splits, a trader who passes and performs consistently can see significant returns on the initial challenge fee — especially when purchasing with the 20% discount detailed below.
Platforms & Technology
Funding Pips supports three trading platforms, giving traders flexibility to use the environment that suits their strategy best.
Match-Trader
Match-Trader is the default platform and comes at no additional cost. It is a modern, web-based platform with mobile support, offering fast execution and an intuitive interface. Most Funding Pips traders use Match-Trader for its simplicity and reliability.
cTrader
cTrader is available for an additional $20 fee on top of the evaluation price. It is widely considered one of the best platforms for algorithmic trading and advanced charting. If you rely on cTrader-specific EAs or prefer its depth-of-market (DOM) features, the surcharge may be worth it.
TradeLocker
TradeLocker is the newest addition to Funding Pips' platform lineup. It is a next-generation trading platform built for modern traders, featuring TradingView-powered charts and a clean user interface. Like Match-Trader, there is no extra charge to use TradeLocker.
Funding Pips Discount Code: d81f3890 (20% OFF)
One of the most compelling reasons to choose Funding Pips right now is the availability of a 20% discount on all evaluation programs. The code d81f3890 works across every model and account size.
How to Apply the Discount
- Visit the Funding Pips page on PropFirmKey and click through to the official Funding Pips checkout.
- Select your preferred evaluation model (2-Step, 2-Step Pro, 1-Step, or Zero).
- Choose your account size.
- Enter the discount code d81f3890 in the promo code field at checkout.
- The 20% discount applies instantly to your order total.
Pricing After Discount (All Plans)
| Account Size | 2-Step Standard | 2-Step Pro | 1-Step | Zero |
|---|---|---|---|---|
| $5,000 | $28.80 | $23.20 | $47.20 | $47.20 |
| $10,000 | $52.80 | $43.20 | $79.20 | $95.20 |
| $25,000 | $119.20 | $103.20 | $159.20 | $199.20 |
| $50,000 | $199.20 | $159.20 | $263.20 | $319.20 |
| $100,000 | $355.20 | $279.20 | $439.20 | $559.20 |
At these discounted prices, a $100,000 funded account through the 2-Step Pro costs just $279.20 — one of the lowest entry points in the entire prop firm market. All prices shown above reflect the 20% reduction with code d81f3890.
Funding Pips vs Competitors
How does Funding Pips stack up against the biggest names in proprietary trading? Here is a side-by-side comparison of key metrics.
| Feature | Funding Pips | FTMO | FundedNext | Blue Guardian | The5ers |
|---|---|---|---|---|---|
| Founded | 2022 | 2015 | 2022 | 2021 | 2016 |
| Headquarters | Dubai, UAE | Prague, CZ | Dubai, UAE | Miami, US | Israel |
| Max Account Size | $100K (scales to $2M) | $200K | $200K (scales to $4M) | $200K | $250K |
| Evaluation Types | 4 models | 1 model (2-step) | 3 models | 2 models | 3 models |
| Profit Split | 80%-100% | Up to 90% | Up to 95% | Up to 85% | Up to 100% |
| $100K Challenge Fee | $444 ($355 with code) | $540 | $519 | $499 | $475 |
| Daily Drawdown | 3-5% | 5% | 5% | 4% | 5% |
| Max Drawdown | 6-10% | 10% | 10% | 8% | 10% |
| Min Trading Days | 3 | 4 | 5 | 3 | 0 |
| Payout Frequency | Bi-weekly | Bi-weekly | Bi-weekly | Bi-weekly | Bi-weekly |
| Platforms | Match-Trader, cTrader, TradeLocker | MT4, MT5, cTrader | MT4, MT5, cTrader | MT4, MT5 | MT5 |
| Trustpilot Rating | 4.5/5 | 4.8/5 | 4.6/5 | 4.3/5 | 4.7/5 |
Key takeaway: Funding Pips offers the lowest entry price, the most evaluation options, and one of the few paths to a 100% profit split. FTMO remains the gold standard for reputation and consistency. FundedNext matches Funding Pips on variety but edges ahead on payout speed (24 hours). Your choice should depend on which combination of price, rules, and platform support matters most to your trading style.
For a continuously updated comparison with real user reviews, check PropFirmKey where we track pricing, payouts, and rule changes across all major prop firms.
Funding Pips Trustpilot Analysis
Funding Pips holds a 4.5 out of 5 rating on Trustpilot based on approximately 49,000 reviews — one of the highest review volumes in the prop firm industry. The overwhelming majority of reviews praise the firm for fast onboarding, competitive pricing, and reliable payouts.
Common positive themes:
- Fast payout processing (typically within 1-3 business days)
- Affordable challenge fees, especially with the 2-Step Pro
- Responsive customer support via live chat and Discord
- Clean, modern dashboard for tracking performance
Common negative themes:
- Some traders report slippage during high-impact news events
- Funded account rules (1% floating loss limit, 15% consistency rule on Zero accounts) differ from evaluation rules
- The Trustpilot profile was temporarily suspended in June 2024 due to an influx of reviews, raising questions about review authenticity — though the profile was later fully reinstated
Our take: a 4.5 rating at this volume is strong, but traders should carefully read the funded-stage rules before committing. The evaluation conditions and the funded conditions are not identical, which is a transparency issue the firm should address more clearly.
Pros & Cons
Pros:
- Four distinct evaluation models for every trader type
- Prices starting at just $29 ($23.20 with code d81f3890)
- Scaling program up to $2M with 100% profit split at Hot Seat
- Static drawdown (does not trail your equity)
- Multiple platforms: Match-Trader, cTrader, TradeLocker
- Only 3 minimum trading days with no maximum time limit
- RAW spreads with competitive commissions
- Over $200M in verified payouts via Rise blockchain
Cons:
- Funded-stage rules are stricter than evaluation rules (consistency rule, floating loss limit)
- News trading profits may be deducted on funded accounts
- cTrader requires an extra $20 fee
- $10 withdrawal fee on every payout
- Crypto leverage capped at 1:5
- The tightest models (Pro, 1-Step, Zero) have only 6% max drawdown
Who Should Use Funding Pips?
Funding Pips is best suited for:
- Budget-conscious traders who want the lowest possible entry fee. The 2-Step Pro at $29 (or $23.20 with the 20% discount) is virtually unmatched.
- Scalpers and intraday traders who benefit from RAW spreads and the 3-day minimum trading period.
- EA traders who want algorithmic strategy support on Match-Trader or cTrader.
- Traders who value variety and want to pick the evaluation model that matches their risk tolerance and time horizon.
- International traders who appreciate multiple payout options including crypto and Rise.
Funding Pips is less ideal for:
- News traders who rely heavily on high-impact event volatility for their edge, since funded-stage restrictions may eat into profits.
- Traders who need maximum drawdown room and cannot operate within the 6% limit on Pro/1-Step/Zero models.
- Traders who want MT4 or MT5 — these platforms are not available on Funding Pips.
Frequently Asked Questions
Is Funding Pips legit?
Yes. Funding Pips is a UAE-registered company with over $200 million in verified payouts. The firm holds a 4.5/5 Trustpilot rating from nearly 50,000 reviews. Payouts are verified on the Rise blockchain for transparency.
What is the cheapest Funding Pips account?
The 2-Step Pro $5,000 account costs $29. With the 20% discount code mentioned above, the price drops to just $23.20.
Does Funding Pips allow Expert Advisors (EAs)?
Yes, EAs are allowed on all evaluation models. However, high-frequency trading (HFT), tick scalping, and latency arbitrage strategies are prohibited.
What platforms does Funding Pips support?
Match-Trader (free), TradeLocker (free), and cTrader (+$20). MetaTrader 4 and MetaTrader 5 are not available.
How fast are Funding Pips payouts?
Payouts are processed every Tuesday and typically complete within 1-3 business days via Rise, bank wire, or cryptocurrency.
Is the evaluation fee refundable?
Yes. The challenge fee is refunded with your first profit split payout from the funded account.
Can I hold trades over the weekend?
Yes. Overnight and weekend holding is permitted on all models.
What happens if I fail the challenge?
You lose the evaluation fee. However, you can repurchase the challenge at any time. Use the code d81f3890 for 20% off your next attempt.
Does Funding Pips have a free trial?
No. There is no free trial available. The lowest-cost entry is the 2-Step Pro at $29.
What is the Funding Pips consistency rule?
The 15% consistency rule applies primarily to Zero (Instant Funding) accounts. It requires that no single trading day accounts for more than 15% of your total profit. This rule does not apply during the evaluation phases of the 2-Step or 1-Step challenges.
Final Verdict
Funding Pips has earned its reputation as one of the most accessible and flexible prop firms in 2026. The combination of four evaluation models, some of the lowest fees in the industry, static drawdown, and a scaling path to $2 million with a 100% profit split makes it a compelling choice for traders at every level.
The firm is not perfect. The gap between evaluation rules and funded-account rules remains a legitimate concern, and the absence of MetaTrader is a dealbreaker for some. But for traders who can adapt to Match-Trader, cTrader, or TradeLocker, the value proposition is hard to beat — especially at the discounted prices available with code d81f3890.
Our rating: 4.3 / 5 — A strong choice for cost-conscious traders seeking variety and aggressive scaling potential.
Ready to get started? Visit PropFirmKey's Funding Pips page for the latest pricing, verified user reviews, and direct links to apply with the 20% discount.
Useful Links
- Funding Pips on PropFirmKey — Full profile, reviews, and discount codes
- PropFirmKey — Compare All Prop Firms — Side-by-side comparisons and rankings
- Funding Pips Official Website — Start your challenge
- Funding Pips Trustpilot — Read trader reviews
- Funding Pips Discord — Community and support
Top comments (0)