Funding Pips Review: All Pros and Cons of the Prop Firm

Last updated on March 20, 2025 Reading time: 15 Min.

Written by: Andre Witzel

Fact checked by: Johannes Striegel

Share this article

How we make money

12345

4.5

Rating by Witzel Trading

User’s Rating

12345

0

0 Positive 0 Negative

Funding Pips Ratings:

Profit Share

3 / 5

Platforms

5 / 5

Support

5 / 5

Tools

5 / 5

Trust Score

90 / 100

Visit website (Risk Warning: Your Capital Can Be At Risk)

Give your rating

WR Trading has evaluated online trading platforms for over 12 years, earning respect in the industry. We gather extensive data points annually and publish meticulously researched reviews. Our thorough testing process analyzes critical aspects such as usability, fees, customer service, and trading features. We aim to provide unbiased, data-driven assessments to help traders make informed decisions. Learn more about our rigorous testing methodology and why traders worldwide trust our evaluations. Read our review methodolgy.

Facts about the prop trading firm

Free Trial: No free trial

Costs: Evaluation fee

Challenge: Yes

Minimum Trading Days: 3 days

Drawdown: Ranges from 4% (daily) to 10% (overall)

Profit Share: 80% of profits after meeting the 45% consistency rule

Minimum Balance: $4,500 for a 5K account (for the more 2-step evaluation), $9,000 for a 10K account (for the more 2-step evaluation), $22,500 for a 25K account (for the more 2-step evaluation), $45,000 for a 50K account (for the more 2-step evaluation), $90,000 for a 100K account (for the more 2-step evaluation)

Instant Funding: Yes

Withdrawals: Tuesday Payday, Biweekly, or Monthly

Payment methods: Google Pay, Astropay, Bank transfer, Visa, Mastercard, Confirmo (Cryptocurrency), Skrill, Neteller, Paysafe card, Rise, Apple Pay

Trading Instruments: Forex, Crypto, Indices, Metals, and Energies

Platforms: Match-Trader, cTrader, TradeLocker

Support: Phone (+1 302-231-0217) and email support (support@fundingpips.com), live chat is available on the website

Funding Pips Pros And Cons list:

• Funding Pips avoids hidden fees. The evaluation fee is transparent, though it is non-refundable.
• Traders can receive up to 80% of their profits once they meet the consistency requirements.
• Funding Pips allows traders to access multiple trading instruments.
• Traders can choose the type of evaluation process they want (1 step, 2 step, or 3 step).
• Traders can request payouts on-demand once they meet the 45% consistency score.
• Traders have access to a robust customer support system.
• Traders can trade for an unlimited number of days, provided they don’t break any rules.

• Funding Pips does not offer instant funding options
• Evaluation fees are non-refundable

Visit website (Risk Warning: Your Capital Can Be At Risk)

For traders seeking to transition from simulated accounts to trading with significant capital in real markets, proprietary trading firms (prop firms) offer a structured and potentially lucrative path. 

Funding Pips, with its unique evaluation process and phased model, has emerged as a promising option in this space. At WR Trading, we have thoroughly reviewed Funding Pips, considering its features, advantages, and drawbacks to help you decide if it aligns with your trading objectives.

Summary from Our Expert:

Andre Witzel

Trader & Editor-in-Chief

At WR Trading, I’ve evaluated numerous proprietary trading firms, and Funding Pips presents an innovative approach tailored to the needs of aspiring traders. Built by traders for traders, Funding Pips operates on the principle of “Your trading ideas, our risk,” emphasizing their commitment to supporting talents in the trading world. Their in-house evaluation models guide traders through various career phases—Student, Practitioner, Senior, and Master—with the ultimate goal of offering up to $300,000 in funding to top traders.

Write your review about Funding Pips

your rating *

Profit Share

Platforms

Support

Tools

Your experience report (at least 50 words) *

Words: 0

Fill the information below

I agree with the data protection conditions. More information in the privacy policy.

Captcha: 7 + 2 = ?

Invalid answer.

Send your review

Thank you for your feedback!

You review has been submitted successfuly.

0 Funding Pips Customer Reviews And Ratings

Customer reviews are crucial for gaining a comprehensive view of the services offered. All user reviews are published according to our Review Guidelines.

At the moment we have 0 reviews from Traders about Funding Pips. Of the reviews, 0% are positive and 0% negative. On a star scale of 1 to 5, this results in an average rating of 0, which can be classified as negative.

All (0) Positive (0) Negative (0) Give your rating

No reviews found

What is Funding Pips?

Funding Pips is a prop firm established in 2022, that lets traders unlock much-needed capital up to $300,000, avoiding risks with personal money. Funding Pips was launched to help traders every step of the way, from those just starting to well-seasoned professionals. Their model is an evaluation process designed to identify trading talent through quality, and consistent performance, and help them scale them up.

The company has a structured evaluation process wherein traders should hit specific profit targets with pre-set risk limits, inclusive of a drawdown limit and a unique consistency rule. After hitting these objectives, funding is approved. The minimum starting capital for a funded account varies, depending on the trader’s progression through the review, but traders can work their way up to managing $300,000​.

Is Funding Pips Legal?

Funding Pips is a legit proprietary trading firm with a sound reputation among traders. Although the firm is not regulated directly by any major financial body, Funding Pips maintains security and transparency. They invest in state-of-the-art data encryption technologies that protect their clients against information leakage, thereby allowing traders to enjoy their services without security breaches.

On Trustpilot and Reddit, Funding Pips is highly rated. Traders mostly gave positive comments about the firm’s clear trading conditions, on-time payout, and very responsive customer support. Consistent payment proofs, along with transparent fee and evaluation criteria, are further proof that the firm is legitimate. Traders enjoy profit splits from 80% to 100%, and withdrawal is fast.

Prop Trading Account Types with Funding Pips

This structure ensures that traders with good performance can increase their account size and manage larger funds over time. Once a trader earns a Hot Seat in the firm, they become eligible to receive 100% of their profit.

$5,000 Account

Subscription Options:

• No subscriptions plans

Account Features:

• 10 lots traded max
• Profit target: $500 (1-step), $400/$250 (2-step)
• Daily loss limit: $200 (1-step), $250 (2-step)
• overall max loss limit: $300 (1-step), $500 (2-step)
• 80% profit split

$10,000 Account

Subscription Options:

• No subscriptions plans

Account Features:

• 10 lots traded max
• profit target: $1000 (1-step), $800/$500 (2-step), $500 (3-step)
• daily loss limit: $400 (1-step), $500 (2-step), $400 (3-step)
• Overall max loss limit: $600 (1-step), $1000 (2-step), $600 (3-step)
• 80% profit split

$25,000 Account

Subscription Options:

• No subscriptions plans

Account Features:

• 10 lots traded max
• Profit target: $2,500 (1-step), $2,000/$1,250 (2-step), $1,250 (3-step)
• Daily loss limit: $1,000 (1-step), $1,250 (2-step), $1,000 (3-step)
• Overall max loss limit: $1,500 (1-step), $2,500 (2-step), $1,500 (3-step)
• 80% profit split

$50,000 Account

Subscription Options:

• No subscriptions plans

Account Features:

• 10 lots traded max
• Profit target: $5,000 (1-step), $4,000/$2,500 (2-step), $2,500 (3-step) 
• Daily loss limit: $2,000 (1-step), $2,500 (2-step), $2,000 (3-step)
• Overall max loss limit: $3,000 (1-step), $5,000 (2-step), $3,000 (3-step)
• 80% profit split

$100,000 Account

Subscription Options:

• No subscriptions plans

Account Features:

• 10 lots traded max
• Profit target:  $10,000 (1-step), $8,000/$5,000 (2-step), $5,000 (3-step)et
• Daily loss limit: $4,000 (1-step), $5,000 (2-step), $4,000 (3-step)
• Overall max loss limit: $6,000 (1-step), $10,000 (2-step), $6,000 (3-step)
• 80% profit split

The Challenges and Costs of Funding Pips Explained

Funding Pips has a very attractive set of evaluation options, especially for traders who seek to access larger capital. When conducting our review, we at WR Trading found Funding Pips to have 3 main evaluation models; 1-step, 2-step, and 3-step. Each evaluation model is meant to appeal to different trader preferences and skill sets.

Whereas some other proprietary firms would perhaps provide only one level of the evaluation process, Funding Pips allows traders to choose one of three types. Here’s a breakdown:

The most important rules of Funding Pips’ evaluations include the minimum trading period, drawdown, and profit target. Profit targets depend on account size and the particular evaluation model, and usually fall between 5% and 10%. Following this structure, the Prop firm can better assess the ability of a trader, looking out for consistent profitability over time, rather than by one big win.

Funding Pips places a premium on consistency in all its evaluations. It carefully sets profit targets and drawdown limits per phase. Daily loss limits and total loss limits are incorporated in each of its evaluations for risk management. Traders will be funded upon passing the evaluations.

Promo Codes for rebates

From our research, there do not appear to be widely advertised promo codes or rebate programs linked directly with Funding Pips. This may be due to the focus on a very simple fee structure whereby the costs of evaluation are clearly defined along with a straightforward profit-sharing model. 

However, Funding Pips has an affiliate program where traders can get a 5% discount when they buy a challenge through recognized affiliates. Also, once a trader rises through the ranks and gets into the hot seat program, that trader becomes eligible to receive 100% of their profits.

Payouts on Funding Pips

Funding Pips offers a flexible and efficient payout system designed to accommodate traders with different start dates. Payout requests can be made every Tuesday with an 80% profit split, ensuring that traders receive a fair share of their earnings. Depending on the day a Master account is activated, payouts can range from being requested the same day to after four trading days, maximizing convenience for traders.

For instance, if a Master account is started on Monday, the trader can request a payout the very next day (Tuesday). However, accounts opened later in the week will have a longer waiting period, such as four trading days for those starting on Wednesday. Regardless of the start date, all requests must be submitted through the trader’s dashboard.

Additionally, Funding Pips set a minimum payout threshold, requiring traders to request at least 1% of the initial account balance, including the profit split. This ensures that payout requests remain reasonable while allowing traders to withdraw earnings frequently if they meet the minimum requirement.

See the table under Funding Pips trading account types for more details. 

Trading Platforms

We, at WR Trading, found that Funding Pips supports 3 trading platforms, and the following is an overview of these platforms:

Match-Trader

Match-Trader is a powerful combination of simplicity and advanced trading features. Thanks to its intuitive interface, it is perfect both for beginners and more advanced traders. Match-Trader ensures seamless execution and access to multiple markets. Match-Trader also comes with excellent performance capabilities, supporting a variety of analytical tools for better trading. 

Its interface combines user-friendliness with real-time data and charting options. Therefore, it is preferred among traders who prize functionality, speed, and accuracy of trade execution.

cTrader 

cTrader is another Funding Pips platform, which is renowned for its robust infrastructure and competitive edge in forex and CFD trading. It provides a great user experience via its fully customizable interface and sophisticated trading tools. It also offers advanced charting, multiple timeframes, and a multitude of technical analysis indicators for traders who base their decisions on deep market analysis.

cTrader supports algorithmic trading through its cAlgo feature and is ideal for traders who want to implement automated strategies.

TradeLocker

TradeLocker is famous for its simplicity and ease of access. It is designed to allow traders to access the financial markets in a very user-friendly way. This makes it ideal for traders who are newer to the world of prop trading or who prefer a straightforward trading platform with essential tools. 

This makes it suitable for traders who are either relatively new to the prop firm trading world or desire a simplified, trading platform with just the basic toolset. Despite its simplicity, TradeLocker does not compromise on performance. By offering real-time data and fast order execution, it allows traders to utilize profitable market opportunities. 

Which Broker is Used by Funding Pips?

Funding Pips does not have any published broker information at present. However, this firm used to employ Blackbull Markets in the past. The partnership, however, dissolved after MetaQuotes put stronger licensing regulations into effect for firms who work with US-based traders. 

Funding Pips has since moved to new trading platforms such as Match-Trader, cTrader, and TradeLocker, but after this transition, no particular broker has been listed publicly.

Taxes on Funding Pips

Funding Pips does not deduct any taxes on the trader’s gains. All the taxes a trader is supposed to pay are the trader’s full responsibility. Traders are supposed to set aside sufficient amounts that can cover their respective tax obligations from the trading gains. Depending on your local tax regulations, tax on earning from trading might be regarded as personal income tax. In most instances, it is regarded as capital gains. 

Support and Education

Funding Pips offers excellent customer service through email and live chat to its clients. Traders may need assistance with questions related to evaluation, setting up an account, or even with the use of a platform. The support team is always ready to resolve whatever issue you have.

The support team at Funding Pips can be reached through their email address, support@fundingpips.com, or the live chat option available on their official website. This ensures that traders enjoy quick problem resolutions throughout their trading journey. 

Alternatives

If you are looking for top prop trading firms but feel that Funding Pips may not fully meet your needs, there are several other reliable firms worth considering. Here’s a closer look at some popular alternatives:

The Trading Pit

The Trading Pit is one of the newest and most popular prop trading firms in the prop trading space. They have taken a more holistic approach to their evaluation process. Like many firms, their evaluation structure is tiered based on your account size and experience. This system simply enables traders to choose their own risk tolerance and performance targets. 

The firm primarily deals with Forex and CFDs but also caters to traders who have interests in commodities and equities. One of the major features of The Trading Pit is its partnership with famous brokers and asset managers, which gives more credibility to the firm. Similarly to other firms, after the evaluation, traders can keep up to 80% of profits. 

However, what is most unique about the firm is the seamless transition from evaluation to live trading accounts, offering growth opportunities to traders of different levels. 

Apex Trader Funding

If you are more interested in futures trading, Apex Trader Funding is a solid choice. It allows flexibility with account sizes and traders can operate up to 20 accounts simultaneously. Apex Trader Funding’s profit-sharing model is also highly competitive, allowing traders to keep up to 80% of profits. 

The evaluation process is relatively on the fast side with Apex Trader Funding, as traders have to trade a minimum of 7 days to qualify for funding. This small evaluation window attracts lots of traders who want a quicker path to funded live accounts.  

5%ers

5%ers is one of the well-known prop firms for Forex traders. It has an evaluation model that is highly focused on risk management and that provides a very balanced approach to trading challenges. The firm allows the trading of major Forex pairs, gold, silver, and some indices. Just like most other prop firms in this category, 5%ers introduces a two-stage evaluation process.

One unique feature of 5%ers is its creative use of leverage. The first stage is totally risk management-oriented, but the second stage introduces higher profit targets with higher leverage. Although the firm offers traders a low 50% profit split, traders are still drawn to the firm because of its stellar evaluation structure.

Leeloo

Leeloo is another popular name in the prop trading world, especially for traders who are focused on futures markets. Leeloo has straightforward rules and fee structure that are very easy to understand. This makes the path to getting a funded account as simple as possible. Their profit-sharing model is highly competitive, with traders retaining 80% of their profits after passing the evaluation phase.

What sets Leeloo apart is its ease of use and flexible subscription plans. The company also allows its traders to choose between one-time payment evaluations or monthly plans that enable more financial control. Also, like Apex Trader Funding, Leeloo allows traders to set up and operate multiple accounts.

Conclusion

Funding Pips offers various account types along with flexible evaluation programs. This structure is highly appealing to traders of different levels. A competitive profit-sharing model, combined with an easy payout process, enables successful traders to enjoy the fruits of their effort and skill in a short time. In case you are looking to get into prop firm trading, irrespective of your trading background, you can consider this firm.

Although relatively new to the scene, Funding Pips remains focused on bringing proper balance to prop firm trading with a well-structured evaluation system.

Frequently Asked Questions (FAQ) on Funding Pips

Editorial Guidelines

Show all posts

Andre Witzel

Expert of WR Trading

Trader and Founder

Andre Witzel is a trader and the founder of WR Trading. He started trading in 2015 next to his bachelor degree in economics. He is specialized on day trading and scalping the S&P500 Index. With high risk reward ratios he developed a strategic approach to beat the market and find the right directions.