Is FundingPips the Right Prop Firm for You?

FundingPips is a proprietary trading firm offering access to capital through a range of structured challenges and instant funding options. The firm appeals primarily to experienced traders seeking to scale without risking personal funds, with a particular emphasis on flexibility, competitive profit splits, and low-cost entry points.

Through a selection of one-step, two-step, and direct funding models, FundingPips positions itself as a practical route for traders who can demonstrate consistent performance under defined risk conditions. While the firm offers strong features across account options and payout flexibility, questions remain about platform limitations and rule transparency.

Broker

Step1

Profit Target: 8%
Daily Loss Limit: 5%
Max Drawdown: 10%

Step2

Profit Target: 5%
Daily Loss Limit: 5%
Max Drawdown: 10%

Open Account

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Fees and Features

Trading Platforms: MetaTrader 5 (MT5), cTrader, Match-Trader, TradeLocker.
Extras: $66 for a two-step $10k evaluation, performance split from 80%, low profit targets, leverage up to 100:1.

How FundingPips Works and Operates

FundingPips gives traders access to the firm’s capital through a set of structured evaluations, each designed to test profitability and risk control. These assessments range from one-step and two-step challenges to an instant funding model, offering flexibility across different trading profiles. Traders who meet the performance targets without breaching the firm’s risk limits are offered funded accounts with profit splits that increase based on consistency and account type.

Each challenge enforces clear rules around drawdown, profit targets, and minimum trading activity. Depending on the model selected, traders may face different cost structures, timelines, and eligibility criteria. The firm allows for rapid onboarding, and while it promotes high payout potential, traders must navigate strict limits and recurring charges that could affect long-term profitability.

Available Platforms and Markets on FundingPips

FundingPips supports a range of trading platforms to accommodate different trader preferences and technical setups. These include MetaTrader 5 (MT5), cTrader, Match-Trader, and TradeLocker. All platforms are accessible via desktop, web browser, and mobile apps, allowing for flexible access across devices.

MetaTrader 5 remains the industry standard for many discretionary and algorithmic traders, offering advanced charting tools and EA compatibility. cTrader appeals to those who prefer a more modern interface and native depth-of-market features. Match-Trader and TradeLocker provide lightweight solutions geared toward ease of use.

FundingPips gives access to over 100 tradable instruments across five asset classes:

Forex: Major, minor, and some exotic currency pairs, with leverage up to 1:100.
Indices: Popular indices such as US30, NAS100, SPX500, GER40, and UK100.
Commodities: Energy assets including crude oil and natural gas.
Metals: Precious metals such as gold and silver.
Cryptocurrencies: Leading crypto pairs like BTC/USD and ETH/USD, offered with lower leverage caps due to volatility.

Market access may vary slightly depending on the platform. Automated strategies are permitted during evaluation but restricted on funded accounts to maintain trader engagement and risk oversight.

FundingPips Plans, Fees, and Payout Structure

Account Size	Evaluation Fee (One-time)	Profit Target	Max Daily Loss	Max Drawdown	Profit Split
$10,000	$66	8%	5%	10%	From 80%
$25,000	$156	8%	5%	10%	From 80%
$50,000	$289	8%	5%	10%	From 80%
$100,000	$529	8%	5%	10%	From 80%

FundingPips offers several evaluation paths. Each comes with specific targets, drawdown limits, and rules. The main account types include:

One-Step: This is a single-phase model requiring a 10% profit target. Traders must stay within a 3% daily and 6% total drawdown. There is no time limit, but a three-day minimum trading duration applies.
Two-Step: The challenge is split into two stages, 8% profit in Phase 1 and 5% in step2, while keeping drawdowns at 5% daily and 10% total. A three-day minimum trading period applies to each phase.
Pro: Profit targets are lowered to 6% for each phase, and risk limits are tighter (often 3% daily and 6% total). This setup is suited to conservative traders seeking more manageable thresholds at the cost of greater precision.
Zero (Instant Funding): No evaluation is required. Traders gain immediate access to a live funded account with a 5% daily and 10% overall drawdown limit. Profit splits start at 95% and can reach 100%, but this model carries the highest entry cost and the most stringent consistency rules.

Note: The more phases a challenge includes, the lower the cost and the more lenient the rules. Instant funding offers speed, but it is priced at a premium and leaves little margin for error.

Payout Terms and Profit Split Options

Profit splits begin at 80% and can increase to 100% for top-performing traders. The Zero model and Hot Seat tier offer the highest split percentages, but only after strict conditions are met.
Payouts are available weekly, bi-weekly, monthly, or on demand, depending on account type. All withdrawals are subject to a fixed processing fee. Traders can begin receiving profits once they reach the payout threshold and meet all compliance criteria, including adherence to drawdown limits.

Reset Fees and Refund Eligibility

If a challenge is failed, whether due to rule breaches or performance shortfalls, traders must purchase a new evaluation. There are no free retries or automatic resets.
Some plans offer a refund of the evaluation fee after the first successful withdrawal from a funded account. However, this is not universal and only applies to initial challenge purchases—not resets or upgrades.

Scaling and Trader Progression Paths

FundingPips offers scaling opportunities for traders who demonstrate consistent results and risk control. Eligible traders may receive larger accounts, better payout terms, or placement in high-tier programs like Hot Seat. Advancement depends on overall performance and adherence to the firm’s trading guidelines over time.
This progression structure is suited to long-term traders who value a clear growth path based on merit rather than time served.

FundingPips Pros and Cons

Pros

Low Barrier to Entry: FundingPips offers some of the most affordable evaluation options in the industry, with fees starting from $39 for lower-tier accounts. This makes it accessible to traders who are confident in their strategy but may not have the capital to risk or invest in higher-cost challenges elsewhere.
Range of Evaluation Structures: Traders can choose between one-step, two-step, Pro (lower targets with stricter risk), and Zero (instant funding) models. This flexibility allows individuals to select a format that aligns with their trading style, experience level, and tolerance for risk, rather than forcing a one-size-fits-all process.
High Profit Split Potential: Profit splits start at 80% and increase based on performance and account type. Traders who qualify for the Hot Seat or Zero model can access up to 100% of their profits. Unlike some firms that require long-term consistency or multiple payout cycles to scale, FundingPips allows high splits relatively early for those who meet the criteria.
Multiple Withdrawal Schedules: Payouts are not limited to monthly cycles. Depending on the model, traders can request profit withdrawals weekly, bi-weekly, monthly, or on demand. This added flexibility helps active traders manage cash flow and reward consistency more promptly.
Broad Market and Platform Access: FundingPips supports several widely used platforms, including MetaTrader 5, cTrader, Match-Trader, and TradeLocker. The range of instruments includes forex, indices, metals, energy commodities, and crypto, covering the needs of most discretionary and systematic traders.
No Time Limit on Standard Challenges: Most evaluations do not impose an upper time restriction, allowing traders to complete the challenge at their own pace. Only a minimum number of trading days is required. This structure benefits those who trade selectively and avoid high-frequency or over-leveraged approaches.

Cons

Withdrawal Fees Reduce Earnings: Every payout is subject to a fixed $10 withdrawal fee, regardless of account size or profit. While negligible for high earners, this fee becomes more significant for traders operating smaller accounts or making frequent, lower-value withdrawals.
Inconsistent Transparency Around Rule Changes: Although the firm outlines rules clearly during sign-up, some users have reported changes to trading conditions or payout schedules without advance notice. This has led to frustration among traders who value predictability in a firm’s operational policies.
Limited Automation Post-Funding: While automated strategies and EAs are allowed during the evaluation stage, they are not permitted once the account becomes funded. This transition can be problematic for traders who rely on automation, requiring them to either modify their approach or switch to manual execution.
No MetaTrader 4 Support: MT4, still widely used by a significant portion of the trading community, is not supported. This may limit appeal among traders who have custom indicators or workflows built exclusively for that platform.
Instant Funding Model Carries Elevated Risk: The Zero model offers immediate access to capital, but it comes with tighter risk limits, no second chances, and higher upfront fees. While attractive on the surface, traders who aren’t highly consistent may find the cost and risk trade-off prohibitive. It also enforces strict consistency rules that can restrict profit-taking flexibility.
Lack of Reset or Retry Options: If a trader fails a challenge, either due to hitting the drawdown limit or missing the profit target, a full repurchase is required. There are no discounted resets or second-chance options, which increases the financial pressure on each attempt.

FundingPips FAQs

Can I use automated trading systems with FundingPips?

Automated strategies, including expert advisors (EAs), are permitted during evaluation phases. However, once a trader is funded, the use of fully automated systems is restricted. Manual or semi-automated execution is required to maintain account compliance and ensure the trader remains actively involved in risk management.

Do FundingPips challenges have time limits?

Most FundingPips challenges have no maximum time limit, allowing traders to work at their own pace. A minimum of three trading days is usually required per phase, but there’s no expiry. This structure benefits traders who take a selective, low-frequency approach or prefer to trade around specific market conditions.

What happens if I breach a drawdown limit?

Breaching either the daily or overall drawdown limit results in immediate disqualification from the challenge or funded account. Traders are not offered a reset or continuation and must purchase a new evaluation to try again. These limits are enforced strictly, so close position management is essential.

When can I withdraw profits?

Profit withdrawals are available weekly, bi-weekly, monthly, or on demand, depending on the account type and plan selected. Traders must comply with all risk and performance rules to remain eligible. A $10 withdrawal fee applies per request, which should be factored into profit planning.

Is the evaluation fee refundable?

Evaluation fees are non-refundable if the challenge is failed. However, FundingPips may offer a refund after a trader receives their first payout from a funded account, depending on the plan. This is typically available on standard challenges but not on resets or Zero accounts.

What You Need to Know About FundingPips

FundingPips presents a competitive funding model for traders with a proven edge and a disciplined approach to risk. With multiple challenge formats, up to 100% profit split potential, and access to a wide range of platforms and markets, the firm offers a clear route to scaling without personal capital exposure.
That said, FundingPips operates within a rule-driven structure. There are no second chances for drawdown breaches, withdrawal fees apply, and the firm enforces limits on automation and platform usage. It’s best suited to traders who value structure, understand the cost-risk trade-off, and are prepared to adapt to evolving terms.
For committed traders who can perform under constraints, FundingPips offers a legitimate path to capital access and performance-based payouts, with enough flexibility to accommodate both intraday and swing strategies across multiple asset classes.