Funding Pips - Forex Prop Firms (2024)

Funding Pips emerges as a fresh and innovative proprietary trading company situated in the vibrant city of Dubai, nestled within the United Arab Emirates.

Established on the notable date of August 25th, 2022, this dynamic firm extends a golden opportunity to undercapitalized traders, showering them with the possibility of securing a substantial funding pool of up to an impressive $2,000,000. Embarking on a partnership journey with Black Bull Markets, a renowned brokerage entity, Funding Pips unveils a unique profit-sharing arrangement, wherein traders can revel in an enticing 80% to 90% profit split.

Anchored at the prestigious IFZA Business Park, their official office domicile boasts the distinct label of Premises NO. 19448-001, etching its presence within the heart of Dubai, United Arab Emirates

Who are Funding Pips?

Funding Pips, a relatively new player in the world of proprietary trading firms, has been making waves from its base in the vibrant city of Dubai, United Arab Emirates. Established on the 25th of August, 2022, this firm is creating quite a buzz by offering aspiring traders an opportunity to access substantial capital – up to a whopping $2,000,000. What sets them apart is their generous profit-sharing model, with traders enjoying a remarkable 80% to 90% share of their gains.

In a strategic partnership, Funding Pips has teamed up with Black Bull Markets, a well-known brokerage firm. This collaboration ensures that traders under Funding Pips’ banner have a reliable platform to execute their trades effectively.

For those who may be curious about their location, Funding Pips’ official office can be found at IFZA Business Park, Premises NO. 19448-001, Dubai, United Arab Emirates. This strategic location in Dubai, a global financial hub, signifies their commitment to being at the heart of the trading world.

At the helm of Funding Pips is the visionary CEO, Khaled Ayesh. His leadership has been instrumental in the firm’s rapid growth and success. Under his guidance, Funding Pips has carved a niche for itself in the competitive world of proprietary trading.

With an intriguing blend of financial expertise and an ambitious outlook, Funding Pips continues to make its mark in the trading industry. As they march forward, it will be fascinating to see how this dynamic firm continues to evolve and empower traders worldwide.

Why should you consider Funding Pips?

• Trading Freedom: Unlike many top-tier prop firms, Funding Pips stands out by refraining from heavily regulating your trading style. You enjoy the flexibility to trade during news events, hold positions overnight, and even over weekends, fostering an environment that aligns with your individual trading preferences.
• Limited Restrictions: While embracing trading freedom, Funding Pips maintains a responsible approach by prohibiting martingale and hedging strategies. This ensures a level playing field and safeguards against high-risk practices.
• Swift Stop-Loss Implementation: Your risk management is paramount. Funding Pips mandates setting a stop-loss on funded accounts within just 30 seconds, underscoring their commitment to sound risk mitigation strategies.
• Two-Phase Evaluation Program: The unique two-phase evaluation process sets Funding Pips apart. By completing both phases, you become eligible for payouts. Phase one targets an 8% profit, followed by a 5% profit target in phase two, providing a structured path toward potential success.
• Prudent Risk Controls: With a maximum daily loss limit of 5% and a maximum overall loss cap of 10%, Funding Pips prioritizes responsible risk management, safeguarding your trading capital.
• Flexible Trading Days: Funding Pips differentiates itself by not imposing minimum or maximum trading day requirements during both evaluation phases, granting you the freedom to adapt your trading routine to your schedule.
• Scaling Opportunities: The evaluation programs at Funding Pips include a scaling plan, allowing you to progressively grow your trading account as you meet and exceed profit targets.
• Low Profit Targets: In contrast to many industry peers, Funding Pips sets achievable profit targets, enabling you to focus on consistent performance and gradual growth.
• Straightforward Rules: Funding Pips simplifies your trading journey with straightforward and clear trading rules, reducing ambiguity and enhancing your trading experience.
• Reputable Brokerage Partnership: Through their partnership with Black Bull Markets, Funding Pips adds an extra layer of credibility and reliability to your trading operations.

Steps To Get Funded

Enrollment and Evaluation Program Account Setup:

• Sign up for the Funding Pips evaluation program account, designed to identify dedicated and skilled traders.
• The program account offers a trading leverage of 1:100, enhancing your trading potential.

Phase One Evaluation – Consistency and Performance:

• During phase one, achieve a profit target of 8% through your trading activities.
• Adhere to the maximum daily loss limit of 5% and the maximum loss rule of 10%.
• No specific minimum or maximum trading day requirements are imposed in this phase.

Advancement to Phase Two:

• Progress to phase two by successfully meeting the 8% profit target while maintaining compliance with maximum daily and maximum loss rules.

Phase Two Evaluation – Further Skill Demonstration:

• In phase two, demonstrate your trading prowess by reaching a profit target of 5%.
• Continue to abide by the 5% maximum daily loss and 10% maximum loss rules.
• Similar to phase one, no minimum or maximum trading day obligations exist during this stage.

Attainment of Funded Status:

• Upon conquering both evaluation phases, you qualify for a funded trading account.
• Your initial account balance permits a minimum withdrawal of 1%.
• Adhere to the 5% maximum daily loss and 10% maximum loss rules in your trading endeavors.

Payout Structure and Profit Split:

• Your first payout becomes available 7 calendar days from the moment you initiate your first position in the funded account.
• Subsequent payouts follow a weekly schedule.
• Your profit split ranges from 80% to 90%, based on the profits generated from your funded account.

By following this structured evaluation process, you’ll have the opportunity to showcase your trading skills and earn a funded account, thereby unlocking the potential for substantial profits while adhering to risk management guidelines.

Scaling Plan

The evaluation program incorporates a well-structured scaling plan. Participants witness their account grow as they achieve successful payouts. For instance, upon completing the first month and securing 4 successful payouts, a 10% increase is applied to the initial balance. With consistent progress, after the second, third, and fourth months, the account surges by 15%, 20%, and ultimately qualifies for a coveted Hot Seat position. The Hot Seat boasts a remarkable 90% profit split, on-demand payouts, and an astounding scaling potential of up to $2,000,000. Trading opportunities encompass a variety of instruments, including forex pairs, commodities, indices, and cryptocurrencies.

Trading instruments

Funding Pips provides traders with an extensive array of trading instruments, making it a versatile platform for both beginners and experienced traders. Users have the opportunity to explore and trade a diverse range of financial assets, including forex pairs, commodities, indices, and cryptocurrencies, all with the added advantage of up to 1:100 leverage.

FOREX:

COMMODITIES:

INDICES:

CRYPTO:

Whether you’re interested in the dynamic world of foreign exchange, the stability of commodities, the performance of stock indices, or the exciting potential of cryptocurrencies, Funding Pips has you covered. With the flexibility of leverage, traders can amplify their potential gains while managing risk effectively.

At Funding Pips, the focus is on empowering traders with the tools they need to succeed in today’s fast-paced financial markets. The wide selection of trading instruments ensures that you have the opportunity to diversify your portfolio and seize trading opportunities across different asset classes.

So, whether you’re looking to dive into the forex market, explore the world of commodities, or tap into the crypto revolution, Funding Pips is your gateway to a world of trading possibilities.

Trading fees

Trading commission:

Comparison Between Funding Pips and Other Prop Trading Firms

When comparing Funding Pips to other prop trading firms, it becomes evident that Funding Pips stands out in several significant ways. One of the most notable distinctions lies in its approach to regulating traders’ styles. Unlike many industry-leading prop firms that impose strict trading limitations, Funding Pips offers traders a greater degree of flexibility.

Traders at Funding Pips enjoy the freedom to execute trades during major news events, hold positions overnight, and even trade on weekends. This level of flexibility is a rarity in the world of proprietary trading. However, it’s worth noting that Funding Pips has some prohibitions in place. Martingale and hedging strategies are strictly forbidden, and traders are required to set stop-loss orders on funded accounts within a mere 30-second window.

Example of comparison between Funding Pips & FundedNext:

Example of comparison between Funding Pips & E8 Funding:

Another aspect that sets Funding Pips apart from its competitors is its unique two-phase evaluation program. In this program, traders are required to successfully complete both phases before becoming eligible for payouts. Phase one sets a profit target of 8%, while phase two lowers the target to 5%. These profit targets are complemented by daily maximum loss limits of 10% and a maximum daily profit of 5%. Notably, there are no specific requirements for the number of trading days during either evaluation phase.

Furthermore, Funding Pips offers a scaling plan within their evaluation programs, which allows traders to progressively increase their funding as they achieve their profit targets. This approach provides an additional layer of financial motivation for traders.

In contrast, many other industry-leading prop firms tend to have lower profit targets, stringent minimum or maximum trading day requirements, and more complex trading rules. This makes Funding Pips an attractive option for traders seeking a straightforward and flexible trading environment.

Payment Proof

Incorporated on August 25th, 2022, Funding Pips showcases its credibility through a plethora of payment proof instances, spotlighting successful traders who reaped profit splits. Payout eligibility follows just 7 days from the initial trade execution, boasting an enticing 80% to 90% profit split. Flexibility reigns, enabling profit retention or withdrawal anytime. Payout requests are swiftly processed within an average of 3 hours. Catch genuine payment proof on their YouTube channel and Discord, where triumphant traders share their journey.

Subscription & Profit Withdrawal Methods

Their subcription start from $32 for a 5K and ends at $399 For a 100K account and also have a refund policy.

As for payout, within the website dashboard, an accessible “Payouts” section awaits. By simply completing the provided form, one can effortlessly initiate a profit withdrawal. It’s important to note that during this process, the associated trading account seamlessly transitions to a view-only mode, necessitating the closure of all ongoing trades. Payouts, conveniently facilitated through Deel, boast a minimum threshold of 1% of the initial balance, in accordance with their shared profit structure.

Brokers Used By Funding Pips

Funding Pips strategically aligns with BlackBull Markets as its chosen brokerage partner. The symbiotic collaboration ensures a seamless trading journey for Funding Pips’ clientele.

BlackBull Markets distinguishes itself by orchestrating an unparalleled trading encounter, harnessing advanced trading technology while extending unwavering customer support. Their mission is to empower clients with expansive market access, transcending conventional investment confines for portfolio diversification.

Distinguished by its prowess, MetaTrader 5 stands as the preferred trading platform, beckoning traders into a realm of limitless possibilities. In this harmonious union, Funding Pips and BlackBull Markets usher traders toward financial prowess through innovation and expertise.

Traders’ Opinion

Funding Pips garners glowing reviews from traders who have experienced their services firsthand. Trustpilot serves as a testament to their excellence, boasting an impressive 4.8/5 score based on 381 reviews.

The diverse community of traders highlights the well-organized trading dashboard, enabling efficient progress tracking and risk management.

Commendation also extends to the weekly payout cycle, granting traders the advantage of withdrawing funds on a weekly basis, while the opportunity to scale their account after every four profit splits further adds to their satisfaction.

Customer Support at Funding Pips

Funding Pips, the innovative platform for traders, takes customer support seriously. They understand that when you have questions or need assistance, you want quick and reliable answers. Here’s how Funding Pips ensures you’re never left in the dark:

FAQ Page: To start with, Funding Pips has a comprehensive FAQ page. It’s a goldmine of information, where you can find everything you need to know about their company and the rules you should follow while participating in their evaluation program. Whether it’s about account setup, trading strategies, or program specifics, you’ll likely find answers to your questions here.

Social Media: Need a more interactive approach? Funding Pips’ support team is active on social media platforms, so you can reach out to them on Facebook, Twitter, or Instagram. It’s a great way to stay updated on the latest news and get quick responses to your queries. Just drop them a message, and they’ll get back to you as soon as possible.

Direct Contact: Sometimes, you need a more personalized touch. In such cases, you can directly contact the Funding Pips support team by emailing them at support@fundingpips.com. They’re just an email away, and their dedicated team is ready to assist you with any concerns or issues you may have.

Final Thoughts

Conclusively, Funding Pips stands as a legitimate new entrant in proprietary trading, offering traders a choice of evaluation program account sizes. With industry-standard two-phase evaluations, traders must attain 8% and 5% profit targets in phases one and two, respecting 5% daily gain and 10% loss limits. This yields profit splits of 80% to 90%, fostering gradual scaling. Funding Pips suits those seeking clear-cut rules and favorable conditions for diverse trading styles, solidifying its allure in the proprietary trading landscape.