FundingPips Review

FundingPips Ratings at a Glance

FundingPips Product Offering

This FundingPips review found that the proprietary trading company offers traders of all levels the opportunity to trade funded accounts in a simulated environment. You can choose from among four funding programs:

• A two-step pro evaluation
• A two-step evaluation
• A one-step evaluation
• An instant funding program

The programs allow you to manage the following account sizes: $5,000, $10,000, $25,000, $50,000 and $100,000. FundingPips has structured its programs to allow you to increase the size of your account as you perform consistently over time, with the potential to scale up to managing an account of $2 million.

Traders also get a generous profit-share structure from FundingPips, which is rare across the proprietary trading industry. Profitable traders can take home 80% to 90% of what they earn on the platform. The very top traders can gain the opportunity to take home up to 100% of their profits. You also get flexible and fast payouts, with options for weekly, biweekly, monthly or on-demand payments for top-tier traders.

FundingPips is committed to supporting and raising a crop of talented traders. It gives traders access to extensive educational and research resources. While the prop trading firm doesn’t offer formal training, it hosts frequent live trading sessions to instruct on trading strategies and psychology, which are vital to trading success.

Investors who use the platform can benefit from a dashboard with real-time data and insights to enhance decision-making.

Supported Assets 

FundingPips supports the trading of various assets, providing flexibility in your trading strategies and allowing you to diversify your portfolio. You can trade these assets:

• Commodities: Metals, such as gold and silver and energies, such as oil
• Cryptocurrencies: Bitcoin, ether and other popular forms of cryptocurrencies
• Forex: Major, minor and exotic pairs
• Indices: Global indices like the S&P 500

On forex, FundingPips offers leverage up to 1:100, which some traders consider low. The FundingPips review also found that the prop firm restricts the number of lots you can have open based on the account size, such as 10 lots on a $25,000 account. Both measures are designed to help you manage risks.

For a violation of the lot requirements, profits from your trades are deducted and your trades can’t breach the daily or maximum loss limits. You get a warning for the first violation. In the event of a second violation, FundingPips will close your account and reduce your profits by 30%.

With its relatively low pricing for evaluation programs, FundingPips offers some of the lowest barriers to entry for traders among proprietary trading firms. At the time of this FundingPips review, these account sizes – $5,000, $10,000, $25,000, $50,000 and $100,000 – had these respective prices for the following programs:

• Two-step pro: $29, $55, $109, $199 and $359
• Two-step evaluation: $36, $66, $156, $266 and $470
• One-step evaluation: $59, $99, $199, $299 and $499
• Instant zero program: $69, $99, $199, $299 and $499

The monthly charge is competitive. FundingPips has a tiered commission of $2 per standard lot (round turn) on a standard account and $7 per standard lot for the pro account. However, the company doesn’t disclose spread ranges or its liquidity provider, making it difficult to fully compare costs against other popular prop firms.

If you’re a forex trader looking for the popular MetaTrader 4 (MT4) trading platform, you won’t find it on FundingPips. However, after over a year’s absence, MetaTrader 5 (MT5) is again available on FundingPips, although it isn’t available to traders in the United States and Canada. MetaQuotes, the developer of MT5, can’t allow its platform to provide service to U.S. and Canadian clients without proper regulatory approval.

Along with MT5, FundingPips offers traders the following trading platforms: cTrader, Match-Trader and TradeLocker. Although cTrader offers advanced charting and customizable indicators, it is not currently available in the U.S. Match-Trader offers trading tools and TradeLocker provides straightforward trading functionality.

Customer Service Rating [5]

As a trader, you may have a question about the evaluation or need help while trading. FundingPips provides four ways for you to get answers. FundingPips offers live chat on its website. You can also reach FundingPips by email, search through its extensive collection of frequently asked questions (FAQs) or turn to any social media channel (Facebook, X, Instagram) or its community on Discord.

While FundingPips has received complaints about manipulating trading conditions, the prop trading firm has grown tremendously popular – it has more than a million traders from more than 195 countries and has received mostly good reviews. In online reviews, FundingPips traders often express satisfaction with how well the trading firm responds and resolves issues.

FundingPips has a solid reputation and works hard to maintain security and offer transparency. The site invests in state-of-the-art data encryption to safeguard traders’ personal information and funds, adheres to strict fraud prevention protocols and uses a Know Your Customer (KYC) verification process.

The prop firm follows strict anti-money laundering (AML) protocols and monitors accounts for suspicious and prohibited activities to maintain the integrity of trading on its site.

Security is a priority. FundingPips issues itemized invoices so that payouts are transparent and traceable. The company also does not hold traders’ funds. This can reduce the risk associated with securing funds.

FundingPips maintains certifications from the International Organization of Standardization, demonstrating its commitment to high-security standards and operational excellence.

FundingPips is not regulated, but it is considered safe for traders. On Trustpilot, it has a 4.4 out of 5 rating from 21,638 reviews.

If you’re an active trader following risk management rules, you’ll likely find FundingPips a welcome home for trading. This FundingPips review found the service easy to use because you can access multiple instruments, have several options for evaluation programs and have choices about receiving your payout. FundingPips also has robust customer support.

The available trading platforms have user-friendly interfaces. Add to that these advantages: 

• There is a relatively low barrier to entry 
• You’re trading the firm’s capital 
• There are flexible trading conditions
• You have access to resources to help you grow as a trader 
• You’re part of a supportive trading community

FundingPips is worth considering, whether you’re just getting started in trading or you’re a seasoned trader looking to trade with someone else’s money and scale up to larger accounts.

FundingPips vs. Competitors

FundingPips has competitors with similar offerings, including FundedNext, The5ers, Funded Trading Plus, FunderPro and Goat Funded Trader. FundingPips and these firms offer several evaluation options, including one- and two-step evaluations and instant funding programs. 

All of these prop trading firms offer MT5 as a trading platform and FundingPips recently added the platform back to its offering. The profit split varies from provider to provider, but some range from 80% to 90%. FundingPips ranges from 80% to 100%. Despite their differences, the trading firms allow you to evaluate and improve your skills and trade with larger accounts.

A lot goes into trading. However, if you’re honest with yourself, you care most about making money. FundingPips gives traders an array of opportunities to earn profits with the company’s money and get their hands on it faster than many other prop firms.

FundingPips’ motto is “built by traders for traders,” and it seems to focus on traders' ultimate target: making money. The evidence shows in offerings from the instant funding program (which lets you skip the evaluation and begin trading) to the opportunity for traders to keep 100% of their profits. You get fast payouts – you can receive your withdrawal either the same day you request it or no later than four days.

The FundingPips review scored high on many of the key elements traders consider when evaluating prop firms: pricing, trading platforms, customer service, security and user experience.

FundingPips is designed for flexibility but built with the right risk management to encourage responsible trading. This makes the proprietary trading firm ideal for seasoned and beginning traders.

Frequently Asked Questions