Funding Pips Review 🚀

In the dynamic field of financial trading, accessing trading capital is a challenge for most traders. Many traders fail because they do not have enough capital to employ reasonable risk management strategies. Prop firms offer a unique opportunity to access this trading capital and it becomes critical to find reliable and safe proprietary trading companies. Funding Pips is a prop firm offering various funded accounts and up to 80%. 

In this Funding Pips review, we are going to research and assess the firm’s critical features such as safety, transparency, funded options, assets, platforms, support, and much more. After reading this unbiased review, you will be able to define whether Funding Pips can be trusted. 

🏛️Safety & Security of Funding Pips

Since prop firms are not brokers, they are not regulated as strictly, making evaluating the firm’s safety difficult. By examining key information about the firm such as its experience, trader reviews, and partner brokers we can define the firm’s safety very accurately.

Funding Pips was launched in 2022, making it a very young proprietary firm. Because of this, the firm lacks crucial experience in the prop field and can be assessed as a mediocre firm in this criteria.

Another important factor when assessing the firm’s safety is trader reviews and feedback on the FPA and Trustpilot. Funding Pips is not yet rated on the FPA meaning there are no trader reviews about the firm which is never a good sign. On the Trustpilot, Funding Pips has around 13k reviews from which, 10% is a 1-star evaluation, which is a medium-level red flag. Many of these 1-star ratings are given due to hidden rules. Traders mention the firm declines withdrawals or makes them fail the challenge due to rules that were not transparently given on the website. 

When it comes to trading services, Funding Pips does not offer trading through a regulated broker which is a major red flag. Regulated brokers must be backing the trading on prop firm platforms to ensure the firm can not manipulate prices.

Overall, Funding Pips safety is questionable and while the firm might not be a scam, we can not confirm it is legit and reliable either. 

📊 Available Assets on Funding Pips

Trading asset diversity is important for multi-asset traders who are speculating on several instruments. Funding Pips only offers access to Forex pairs, indices, commodities, and cryptos. The number of instruments in each of these assets is limited which is disadvantageous. The leverage for each of these assets is different and varies from account to account. Forex pairs have leverage between 1:50 and 1:100, metals and indices between 1:20 and 1:30, energies have 1:10, and cryptos have 1:2. 

🗂️ Funding Pips Account Types

Funded account diversity is crucial in prop trading as different traders have different trading styles. Some traders might prefer scalping methods while others want to trade with swing trading or trend-following methods. Funding Pips offers several funded account options which is a good sign.

There are FundingPips 1-step, 2-step, and 3-step funded account options, and FundingPipsX 2-step funded accounts. Let’s consider each of them in more detail to compare them easier. 

📌 FundingPips 1-step funded account challenges offer funding options of 5k, 10k, 25k, 50k, and 100k USD. There are minimum trading days of 3, a daily risk limit is 4%, a maximum loss limit is 6%, and a profit target is 10%. The maximum leverage for this account is 1:50 which is more than enough. Payouts can be withdrawn every Tuesday. 

📌 FundingPips 2-step accounts have the same funding options as previous ones, ranging from 5k to 100k USD. The daily loss limit is 5%, the maximum loss limit is 10%, and the profit targets are 8% and 5% for phases 1 and 2. The leverage is higher for 2-step accounts at 1:100 which is much higher than enough. These rules won’t allow traders to use this leverage at its maximum power anyway. After getting funded, traders are no longer required to hit certain profit targets but have to stay compliant with risk limit rules. 

📌 FundingPips 3-step account has almost the same range of funding from 10k to 100k USD. The profit targets for phases 1, 2, and 3 are 5%. The lack of 5k USD funding does not make sense here, as these accounts are typically designed for beginners who want to start low and master trading skills. The daily risk limit is 4% and the maximum loss limit is set at 6% on all phases of the evaluation. The leverage is 1:50 which is more than enough. 

📌 FundingPipsX 2-step funded accounts offer funded options of 5k, 10k, 25k, 50k, and 100k USD. Minimum trading days are 3, the daily loss limit is 4%, the maximum loss limit is 8%, and profit targets are 10% and 8% for student and practitioner phases. There is a consistency score of 45%, meaning the biggest winning day must not exceed 45% of overall profits. 

Overall, Funding Pips offers a diverse choice of funded accounts which is advantageous for both beginners and experienced traders. If the firm had an excellent safety assessment we would even suggest our readers choose this firm, but for now, be very cautious. 

💸 Pricing on Funding Pips

Fees are critical in prop trading for both funded accounts and trading costs. High fees make it difficult to buy the most suitable account and achieve profits. High spreads and commissions also seriously harm trader’s profitability. Funding Pips has different fees for each funded account and funded amount. Let’s compare each of them. 

📌 FundingPips 1-step funded account challenges have the following one-time fees:

• Funded amount: 5,000 USD – One-time fee: 59 USD
• 10k USD – 99 USD
• 25k USD – 199 USD
• 50k USD – 299 USD
• 100k USD – 499 USD

📌 FundingPips 2-step accounts have slightly cheaper fees than 1-step accounts:

• Funded amount: 5,000 USD – One-time fee: 36 USD
• 10k USD – 66 USD
• 25k USD – 156 USD
• 50k USD – 266 USD
• 100k USD – 444 USD

📌 FundingPips 3-step account is even cheaper than a 2-step account but lacks a 5k USD funded option:

• 10k USD – 59 USD
• 25k USD – 139 USD
• 50k USD – 219 USD 
• 100k USD – 349 USD

📌 FundingPipsX 2-step account has the cheapest fee for 5k accounts:

• Funded amount: 5,000 USD – One-time fee: 32 USD
• 10k USD – 60 USD
• 25k USD – 150 USD
• 50k USD – 250 USD
• 100k USD – 399 USD

Overall, Funding Pips has one of the cheapest funded account fees in the industry right now. The only downside of the firm is its safety, preventing us from suggesting this firm to our readers which is disappointing. We hope the firm addresses these safety concerns to become a good and reliable firm. 

📱 Platforms and Mobile Trading on Funding Pips

Trading platform diversity is crucial in prop trading, allowing traders to fully analyze markets using their preferred software. Funding Pips offers three different trading platforms including Match-Trader, cTrader, and TradingView. All these platforms are very advanced trading software supporting custom indicators and trading robots (cBots). Match-Trader was designed for prop trading but is still inferior when compared to cTrader and TradingView which are more advanced and with larger traders communities. 

Funding Pips mobile trading is possible using mobile trading apps of Match-Trader, cTrader, and TradingView. Among the three platforms, the TradingView mobile app is superior with the support of custom indicators offering unparalleled technical analysis capabilities when trading on the go. These platforms are available on all mobile devices including iOS and Android. 

📚 Education and research tools offered by Funding Pips

Funding Pips lacks comprehensive trading educational resources. The firm does not offer trading courses, webinars, or video guides about financial trading concepts. However, there is a trading blog that offers posts about how good Funding Pips’ services are. These posts can not be used for educational purposes which is a drawback for the firm. 

Funding Pips does not offer trading tools or custom indicators. The firm has a trader dashboard where traders can track their account details. 

🤝 Customer Support on Funding Pips

Customer support is critical in prop trading and Funding Pips offers several channels. These channels include email, live chat, and FAQs sections. The live chat is the most responsive and quick way to contact the firm and resolve issues during trading. Both the website and support options are only available in the English language which is another downside for the firm. There are no hotline support options either, adding to the red flags list of the firm.

❓ FAQ on Funding Pips