Built By Traders For Traders
FundingPips, is a leading modern proprietary firm with its headquarters located in Dubai. It offers CFDs in commodities, energies, currencies, crypto, and indices evaluation (in simulated environment) accounts. Built by traders for traders, it provides unique benefits such as up to 100% reward split and fast rewards and it is the inventor of weekly rewards (Tuesday Payday), standing out in the competitive trading landscape.
Expert Reviewer Verdict
FundingPips is an excellent choice for traders seeking a transparent and trader-focused prop trading firm. It offers unique advantages such as up to 100% reward split, unlimited trading days, and fast rewards, making it ideal for both novice and experienced traders. The platform supports CFDs in various assets like commodities, energies, currencies, crypto, and indices, catering to diverse trading interests. However, trading important news and events (red) is restricted on the Master account, but with the recent update, Orange and yellow important news have been spared to encourage responsible trading and help traders with the longevity of their master accounts.
Despite this, FundingPips stands out with its competitive market conditions, user-friendly trading platforms, and multiple evaluation programs, making it a strong contender in the prop trading arena.
Pros and Cons
Pros
- From Traders for Traders
- Up to 100% Reward Split
- Unlimited Number of Trading Days
- Fast Rewards
- Popular User-Friendly Trading Platforms
Cons
- 10% Max Loss Limit on Accounts
- $10 Withdrawal Processing Fee
- No swap free accounts
Trust and Safety
Commitment to Trust and Security
FundingPips prioritizes trust and security for its users through stringent measures and advanced technology. Although not regulated, it employs strict fraud prevention protocols, including itemized invoices for transparent and traceable rewards. The Know Your Customer (KYC) verification process ensures the legitimacy of clients’ identities, adding an additional layer of security.
FundingPips does not hold clients’ funds, reducing the risk associated with fund security. Instead, it focuses on protecting users’ data and payments within a secure trading environment using in-house technology. The firm is ISO certified, demonstrating its commitment to maintaining high standards of security and operational excellence. With these measures, FundingPips ensures a safe and trustworthy trading experience for its clients.
Tradable Instruments
Diverse Range of Trading Instruments
FundingPips offers a wide variety of tradable instruments on its evaluation accounts, catering to different trading preferences and strategies. Traders can access CFDs across multiple asset classes, including commodities, energies, currencies, cryptocurrencies, and indices. This diverse selection allows traders to diversify their portfolios and take advantage of various market opportunities. Whether you are interested in trading gold, oil, major currency pairs, Bitcoin, or global indices, FundingPips provides the necessary tools and platforms to execute your trades efficiently. The firm supports popular and user-friendly trading platforms like MT5, cTrader, Match-Trader, and Tradingview integrations, available on desktop, web, and mobile devices. With over 100+ traded assets, FundingPips ensures that traders have ample options to explore and optimize their trading strategies.
|
Trading Instrument |
Available |
|
COMMODITIES |
Yes |
|
CURRENCIES |
Yes |
|
CRYPTOCURRENCIES |
Yes |
|
ETF |
No |
|
FUTURES |
No |
|
INDICES |
Yes |
|
STOCKS |
No |
|
BONDS |
No |
|
OPTIONS |
No |
Account Types
Versatile Simulated Account Choices
FundingPips offers two distinct account types to cater to different stages of a trader’s journey: Evaluation and Master accounts. Both accounts operate as accounts in a simulated environment, ensuring a risk-free environment for traders to showcase and hone their skills. The Evaluation account is designed for traders to prove their trading capabilities. Upon successful completion of the evaluation, traders are upgraded to the Master account, where they receive performance rewards based on their trading success.
The Evaluation account is structured to test a trader’s strategy and risk management, with evaluation fees required to start the process. Once traders achieve their profit targets, their performance is reviewed by the responsible trading team before transitioning to the Master account. The Master account offers flexible reward splits, up to 100%, and allows traders to choose their preferred rewards cycles, enhancing their trading experience. With no minimum profit targets and unlimited trading days, FundingPips provides a supportive and scalable trading environment for its users.
Account Type | Available |
DEMO ACCOUNT | Yes |
ISLAMIC ACCOUNT | No |
SEGREGATED ACCOUNT | No |
MANAGED ACCOUNT | No |
SUITABLE FOR BEGINNERS | Yes |
SUITABLE FOR PROFESSIONALS | Yes |
US TRADER | No |
Commission and Fees
Transparent Fee Structure
FundingPips provides a clear and competitive fee structure, ensuring transparency for all traders. The firm charges evaluation fees and commissions but keeps other fees to a minimum to facilitate smooth trading experiences.
Account Minimum
The minimum evaluation account size at FundingPips is $5,000.
Trading Fees
Users can trade Forex, Crypto, Indices, Metals & Energies with RAW spreads and a $5 commission per standard lot round turn. Crypto is 0.04%, Indices and Oil are commission free.
CFD Fees
CFD trading incurs a model-based commission of ideally $5 per lot, ensuring competitive pricing for these popular instruments.
Forex Fees
There are no additional forex fees beyond the standard trading commissions mentioned.
Futures Fees
FundingPips does not offer futures trading, so there are no associated fees.
Account Fee
The firm charges an evaluation fee for traders to start their evaluation process, promoting a commitment to the trading journey.
Inactivity Fee
There are no inactivity fees, allowing traders to take breaks without penalty.
Payout Fee
A withdrawal fee of $10 is charged for processing, ensuring transparency in transaction costs.
Overnight Funding Fee
Swap rates apply to certain CFDs, with details clearly outlined in the trading platform.
Currency Conversion Fee
There are no currency conversion fees, making international trading more accessible.
Guaranteed Stop Order Fee
There are no fees for guaranteed stop orders, adding flexibility to risk management.
Trading Platforms
Flexible Simulated Trading Solutions
FundingPips offers a range of trading platforms designed to cater to various trading preferences and styles. These platforms ensure a seamless trading experience across different devices, enhancing accessibility and convenience for traders.
Mobile Trading Apps
FundingPips provides mobile trading apps for MT5, cTrader, and Match-Trader. These apps are available on both Android and iOS, allowing traders to manage their portfolios and execute trades on the go.
Web Trading Apps
For those who prefer web-based trading, FundingPips supports MT5, cTrader, and Match-Trader. These web platforms offer comprehensive tools and features, accessible from any browser without the need for downloads.
Desktop Trading Apps
Desktop trading apps are available for MT5, cTrader and Match-Trader. These native applications for Windows and Mac provide robust and advanced trading functionalities, catering to professional traders seeking a powerful trading environment.
|
Trading Platform |
Available |
|
MT4 |
No |
|
MT5 |
Yes |
|
CTRADER |
Yes |
|
PROPRIETARY |
No |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
Yes |
|
DESKTOP MAC |
Yes |
|
WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
|
ANDROID |
Yes |
|
iOS |
Yes |
Unique Features
Standout Features for Traders
FundingPips boasts several unique features that set it apart in the prop trading industry. One of the most appealing aspects is the ability for traders to receive up to a 100% reward split, a rare offering that maximizes earnings potential. The firm also provides fast and flexible rewards, allowing traders to choose their preferred reward cycles, whether weekly, bi-weekly, monthly, or even on-demand.
Additionally, FundingPips supports popular user-friendly trading platforms such as MT5, cTrader, and Match-Trader, ensuring a seamless trading experience across devices. Multiple evaluation programs cater to different trader levels, enhancing flexibility and growth opportunities. Competitive market conditions further enhance the trading environment, making FundingPips a standout choice for ambitious traders.
Research and Education
Extensive Learning Resources
FundingPips is dedicated to empowering its traders through robust research and educational resources. The firm offers a comprehensive dashboard that provides valuable insights and real-time data to help traders make informed decisions.
Additionally, FundingPips hosts live sessions on various topics, including trading strategies and psychology, conducted by an in-house psychology coach. These sessions are designed to enhance traders’ skills and mental resilience, crucial for success in the trading world. Although there are no formal training programs, the supportive community and educational resources ensure traders are well-equipped to navigate the markets. This commitment to education and continuous improvement makes FundingPips a valuable partner for both novice and experienced traders.
Customer Support
Reliable Customer Care
FundingPips offers exceptional customer support to ensure traders have the assistance they need at any time. Available 24/7, their support includes live chat, email, and an in-house AI bot, providing quick and reliable responses to inquiries.
Additionally, the firm has a comprehensive support website with an extensive fully detailed FAQ section, addressing common questions and issues. For more personalized support, traders can connect via a VIP chat channel on Discord or through direct chat messages on the dashboard. This multi-channel support system ensures that traders receive timely and effective assistance, enhancing their overall trading experience and building trust in FundingPips’ commitment to client satisfaction.
Account Opening
Seamless Account Setup
Opening an account with FundingPips is straightforward and user-friendly.
Registration: The process begins with selecting one of the three evaluation models: 1-Step, 2-Step, or 2-Step Pro (limited time), each designed to test different trading skills and strategies.
Verification: After achieving your profit target, your evaluation is reviewed by the Responsible Trading Team within two working days. This is followed by the Know Your Customer (KYC) process, which includes verifying your documents, confirming your identity through a selfie, and validating your address.
Document Upload: All verification documents can be uploaded via the dashboard in the settings section. A notification will guide you through this process.
Once verification is complete, a customer agreement is drafted and sent via email for a digital signature. After signing, your Master account is created and connected to the risk management framework, ready for trading.
Deposit and Withdrawals
Simple and Fast Transactions
FundingPips ensures that transactions are quick and hassle-free for traders.
Deposits: The firm does not handle deposits as it operates on a prop trading model where traders do not need to deposit funds into their trading accounts. Instead, traders pay for evaluations using instant payment methods like card, crypto, or rapid bank transfer.
Withdrawals: Rewards are processed via bank transfer or crypto, with processing times ranging from instant to 24 hours after approval, depending on the receiving bank. A $10 processing fee applies to withdrawals, ensuring transparency and predictability.
With these streamlined processes, FundingPips provides a convenient and efficient transaction experience, allowing traders to focus on their trading activities without worrying about transaction delays or complications.
Final Thoughts
FundingPips stands out as a prop trading firm built by traders for traders, offering a range of benefits such as up to 100% reward split, fast rewards, and unlimited trading days. Its diverse selection of CFDs in commodities, energies, currencies, crypto, and indices provides ample trading opportunities. The firm’s robust fraud prevention measures and advanced security protocols ensure a safe trading environment.
While the restriction on trading important news and events may limit some strategies, the overall package of user-friendly platforms, flexible evaluation programs, and competitive market conditions makes FundingPips an attractive choice for both novice and experienced traders. With dedicated 24/7 customer support and a transparent fee structure, FundingPips provides a reliable and supportive trading experience.
Contact Info
Business Bay, Dubai U.A.E
FAQs
-
Question: What FundingPips does?
Answer: FundingPips provides prop trading opportunities with various evaluation programs, offering CFDs in commodities, energies, currencies, crypto, and indices. -
Question: What trading platforms does FundingPips offer?
Answer: FundingPips offers MT5, cTrader, and Match-Trader, on desktop, web, and mobile devices. -
Question: How fast are rewards processed?
Answer: Rewards are processed via bank transfer or crypto, typically within 24 hours after approval, depending on the receiving bank. -
Question: What is the maximum reward split available?
Answer: FundingPips offers up to a 100% reward split for traders, maximizing their earnings potential.
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