| Year Established | 2022 |
| Headquarters | Dubai, UAE |
| CEO | Khaled Ayesh |
| Mission | To leverage traders’ skills to achieve substantial profits. |
| Funding Models/Programs | One-step Evaluation, Two-step Evaluation, Three-step Evaluation |
| Account Sizes | $5,000 to $100,000 |
| Profit Splits | 80% to 90% |
| Leverage | Up to 1:100 |
| Trading Instruments | Forex pairs, commodities, indices, cryptocurrencies |
| Trading Fees | Tight spreads, low commissions, overnight swaps |
| Payout Frequency | Every 5 calendar days |
| Payment Methods | Bank Transfers, PayPal, Skrill, Cryptocurrencies |
| Restricted Countries | United Arab Emirates, Vietnam |
| Support Channels | Email, Live Chat, Phone |
| Educational Resources | Webinars, Articles, Mentorship Programs |
| Trading Platforms | cTrader, Match-Trader, TradeLocker |
| Account Currencies | Not specified |
| Brokers | Tier-1 Liquidity Providers |
| Rules | Mandatory Stop-Loss, Drawdown Limits, No Hedging, No News Trading, Equity-based Drawdown Limits, No minimum trading day requirements |
| Deposit and Withdrawal Methods | Bank Transfers, PayPal, Skrill, Cryptocurrencies |
| Pros | High Profit Splits, Flexible Rules, Diverse Funding Programs, Comprehensive Support, Regular Payouts |
| Cons | Equity-based Drawdown, Withdrawal Requirement, No Hedging Allowed, No News Trading |
Introduction
Funding Pips is a proprietary trading firm that offers traders the opportunity to choose between three account types, a one-step evaluation, a two-step evaluation, and a three-step evaluation.
Funding Pips partners with a tier-1 liquidity provider to ensure optimal trading conditions on platforms like Match-Trader, cTrader, and TradeLocker.
In this review, we’ll get into the company’s background, examine the various funding programs they offer, and explore the trading conditions and requirements. We’ll also cover profit splits and payout processes, weigh the pros and cons, analyze broker partnerships and the trading environment, and review the support and resources available to traders.
Furthermore, we’ll highlight user experiences and testimonials, provide expert opinion, and conclude with final thoughts and recommendations.
Funding Pips Company Overview
Funding Pips, legally known as ANKH PROP – FZCO, was established on August 25, 2022, and is headquartered in Dubai, UAE. The firm is managed by CEO Khaled Ayesh. Funding Pips believes that traders undergo three essential stages during their professional development: Student, Practitioner, and Master.
The firm provides traders with the flexibility to manage account sizes up to $100,000 and receive up to 90% profit splits. This can be accomplished through trading various financial instruments, including forex pairs, commodities, indices, and cryptocurrencies. Their mission is encapsulated in their slogan, “Your Skill Is Our Capital,” emphasizing their commitment to leveraging traders’ skills to achieve substantial profits. Their vision is to support traders through every stage of their development, offering the tools and resources necessary to achieve mastery in trading.
Key Highlights
- Headquarters: Dubai, United Arab Emirates
- Year Established: 2022
- Mission: To leverage traders’ skills to achieve substantial profits, with the slogan “Your Skill Is Our Capital.”
- Vision: To support traders through every stage of their development, providing the tools and resources necessary for them to achieve mastery in trading.
In the next sections, we will go into the specific services and opportunities provided by Funding Pips.
Funding Pips Funding Programs
Funding Pips provides three distinctive funding programs, each designed to accommodate different trading styles and experience levels:
One-step Evaluation Program
Two-step Evaluation Program
Three-step Evaluation Program
One-step Evaluation Program
The One-step Evaluation Program allows traders to qualify for funding by completing a single evaluation phase. This program is designed for traders who want a quicker path to obtaining a funded account. Traders must achieve the profit target while managing their risk effectively.
- Account Sizes: $5,000 to $100,000
- Profit Splits: 80% to 90%
- Leverage: Up to 1:100
- Evaluation Process: One phase with a specific profit target and risk management rules
Two-step Evaluation Program
The Two-step Evaluation Program requires traders to complete two phases to qualify for a funded account. Traders need to reach specified profit targets in each phase while adhering to risk management rules. This program is ideal for traders who prefer a structured evaluation process and aims to demonstrate their trading skills and discipline.
- Account Sizes: $5,000 to $100,000
- Profit Splits: 80% to 90%
- Leverage: Up to 1:100
- Evaluation Process: Two phases with specific profit targets and risk management rules
Three-step Evaluation Program
The Three-step Evaluation Program involves three phases, providing a more gradual evaluation process. This program suits traders who prefer a step-by-step approach to securing funding, ensuring they consistently meet profit targets and manage risks effectively over a more extended period.
- Account Sizes: $5,000 to $100,000
- Profit Splits: 80% to 90%
- Leverage: Up to 1:100
- Evaluation Process: Three phases with specific profit targets and risk management rules
Funding Pips Trading Conditions and Requirements
Funding Pips offers competitive trading conditions designed to support traders in achieving their goals while maintaining disciplined risk management. Here are the key details:
Leverage
- Up to 1:100, allowing traders to maximize their potential returns while managing their risk.
Trading Instruments
- Forex: Major, minor, and exotic currency pairs
- Commodities: Gold, silver, oil, etc.
- Indices: Global indices such as S&P 500, NASDAQ, and more
- Cryptocurrencies: Bitcoin, Ethereum, and other popular digital currencies
Specific Rules
- Mandatory Stop-Loss: All trades must include a stop-loss to limit potential losses.
- Drawdown Limits: Specific drawdown limits are imposed to ensure responsible account management.
- Equity-based Drawdown: Traders must adhere to equity-based drawdown limits as defined in their respective evaluation programs.
- No Hedging: Hedging is prohibited to maintain clear and straightforward trading strategies.
- No News Trading: Trading during major news events is not allowed to avoid excessive risk and volatility.
- Minimum Trading Days: While there are no minimum trading day requirements, traders must adhere to the profit and drawdown targets within the specified evaluation periods.
- Scaling Plans: Programs include scaling plans that allow traders to increase their initial account balances upon meeting certain performance criteria.
Trading Days
- No minimum trading day requirements, allowing traders to progress at their own pace.
These conditions are designed to promote disciplined trading while offering flexibility in trading strategies and instruments. The specific rules ensure that traders maintain responsible trading practices and protect their capital.
Funding Pips Profit Splits and Payment Methods
Funding Pips offers attractive profit splits and a variety of payment methods to ensure traders can easily access their earnings.
Profit Splits
- One-step Evaluation Program: 80% to 90% profit splits.
- Two-step Evaluation Program: 80% to 90% profit splits.
- Three-step Evaluation Program: 80% to 90% profit splits.
Payout Frequency
- Every 5 calendar days, ensuring regular access to earnings.
Payment Methods
Payouts
- Bank Transfers: Direct deposit to bank accounts.
- PayPal: Convenient online payment.
- Skrill: Popular online payment system.
- Cryptocurrencies: For digital currency transactions.
Deposits
- Bank Transfers
- PayPal
- Skrill
- Cryptocurrencies
Withdrawal Methods
Withdrawals are processed through the same methods as payouts (Bank Transfers, PayPal, Skrill, Cryptocurrencies), ensuring flexibility and convenience.
Unique Features
- No Withdrawal Limits: Withdraw profits without any restrictions on the amount.
- Quick Processing: Payout requests are processed promptly for timely access.
This transparent and efficient system ensures traders can focus on trading without worrying about accessing their earnings.
Funding Pips Pros and Cons
Pros
- High Profit Splits: Funding Pips offers generous profit splits ranging from 80% to 90%, allowing traders to retain a significant portion of their earnings.
- Flexible Rules: With no minimum trading day requirements and leverage up to 1:100, traders have the flexibility to trade according to their strategies.
- Diverse Funding Programs: The firm offers three unique evaluation programs (Two-step, One-step, Three-step) to cater to various trading styles and experience levels.
- Comprehensive Support: Funding Pips provides robust support through email, chat, and phone, along with extensive educational resources such as webinars, articles, and mentorship programs.
- Regular Payouts: Traders receive payouts every 5 calendar days, ensuring regular access to their earnings.
Cons
- Equity-based Drawdown: The drawdown is based on equity, which may limit trading flexibility.
- Withdrawal Requirement: There is a requirement to withdraw at least 1% of the account balance, which might be restrictive for some traders.
- No Hedging Allowed: Hedging is prohibited, which could be a limitation for traders who use this strategy.
- No News Trading: Trading during major news events is not allowed, which may restrict trading opportunities during high volatility periods.
Funding Pips Broker Partnerships and Trading Environment
Funding Pips collaborates with top-tier brokers to provide a secure and efficient trading environment. Here are the key details:
Brokers
- Tier-1 Liquidity Providers: Ensuring tight spreads and fast execution speeds.
Trading Platforms
- cTrader: A popular platform known for its user-friendly interface and advanced trading features.
- Match-Trader: Offers comprehensive trading tools and functionalities.
- TradeLocker: Provides robust tools for effective trade management.
Trading Fees
- Spreads: Tight spreads due to partnerships with top-tier brokers.
- Commissions: Low commissions on trades.
- Swaps: Overnight financing fees may apply based on the trading position and duration.
Funding Pips Support and Resources for Traders
Funding Pips provides extensive support and resources to help traders succeed. Here are the key details:
Support Channels
- Email: For assistance or inquiries.
- Live Chat: Immediate support for real-time questions and issues.
- Phone: Direct communication for more detailed support needs.
Educational Resources
- Webinars: Regular sessions on various trading topics and strategies.
- Articles: In-depth articles on market trends, trading techniques, and risk management.
- Mentorship Programs: Personalized guidance from experienced traders to help improve trading performance.
Community Engagement
- Encourages a strong community of traders through forums and social media groups, promoting knowledge sharing and collaboration.
Funding Pips User Experiences and Testimonials
Funding Pips, holds a Trustpilot rating of 4.6 out of 5 stars from 10,584 reviews, indicating a generally excellent user experience.
Positive Feedback
Fast Payouts: A significant number of users praise the rapid payout system, often noting that withdrawals are processed within a few days, enhancing their confidence in the platform.
Educational Resources: Many traders highlight the comprehensive educational materials provided by Funding Pips. These resources are seen as instrumental in helping them develop their trading skills and strategies.
Customer Support: Users frequently commend the helpful and responsive customer support team. The quick resolution of issues and the knowledgeable staff contribute to a positive trading environment.
User-Friendly Platform: The trading platform’s intuitive design and ease of use are often mentioned as major benefits. Traders appreciate the seamless navigation and the availability of advanced trading tools.
Negative Feedback
Technical Issues: Some users have reported encountering technical problems with the trading platform. These issues can disrupt trading activities and cause frustration among users.
Support Response Times: While customer support is generally praised, a few traders have noted delays in response times, particularly during peak periods. Faster support response would improve the overall user experience.
Communication on Changes: A handful of users feel that the communication regarding changes to trading terms or platform updates could be more transparent. Clearer communication would help in managing expectations and reducing confusion.
From an expert trader’s perspective, Funding Pips excels in usability. The platform’s user-friendly interface, combined with extensive educational resources, provides a robust environment for both novice and experienced traders. The quick payout system is particularly noteworthy, as it enhances trust and reliability. Despite occasional technical issues and support delays, the overall functionality and support provided by Funding Pips make it a strong contender in the prop trading space.
In summary, Funding Pips’ high Trustpilot rating and predominantly positive feedback reflect its commitment to delivering a superior trading experience. The platform’s strengths in fast payouts, educational resources, and user-friendly design make it an attractive option for prop traders seeking a reliable and supportive trading environment.
Funding Pips Funding Pips Trading Dashboard
Funding Pips offers a user-friendly trading dashboard designed to enhance the trading experience. The dashboard provides traders with real-time data, intuitive navigation, and comprehensive tools to manage their accounts effectively. Key features include:
- Real-Time Account Metrics: Track performance, equity, and drawdown in real time.
- Trade Management Tools: Place, modify, and monitor trades efficiently.
- Analytics and Reports: Access detailed reports and analytics to evaluate trading strategies.
- Easy Navigation: User-friendly interface for seamless account management.
Expert Opinion
As an experienced trader, I find Funding Pips to be a reputable and trustworthy proprietary trading firm. It offers three evaluation programs—Two-step, One-step, and Three-step—each catering to different trading styles and experience levels.
Two-step Evaluation: This program requires completing two phases with profit targets of 8% and 5%. Traders must adhere to a 5% maximum daily and 10% maximum loss rule, with no minimum or maximum trading day requirements. The program includes a scaling plan to increase the initial account balance.
One-step Evaluation: Traders need to reach a 12% profit target in a single phase. The rules include a 4% maximum daily and 6% maximum loss. This program also features no minimum or maximum trading days and includes a scaling plan.
Three-step Evaluation: This program requires traders to complete three phases, each with a 5% profit target. The rules include a 4% maximum daily and 6% maximum loss. Like the other programs, there are no minimum or maximum trading days, and a scaling plan is included.
I recommend Funding Pips for its exceptional trading conditions and diverse range of funding programs. Unique features like unlimited trading periods, no minimum trading day requirements, and affordable evaluation prices make it an attractive choice. Considering its comprehensive offerings, Funding Pips stands out as one of the industry-leading prop firms.
