FundingPips at a glance
A one and two-step prop firm reviewed by the Tradelytic team and rated by funded traders.
Founded in 2022 and headquartered in Dubai, UAE, FundingPips is one of the fastest-growing and most popular proprietary trading firms in the retail trading community. Operating under the motto “By Traders, For Traders,” FundingPips has disbursed tens of millions of dollars in total trader payouts worldwide. The firm offers funded account challenges ranging from $5,000 up to $100,000, with a comprehensive capital scaling program that allows successful traders to scale their funded balance up to $2,000,000 across Forex, Indices, Commodities, Metals, and Crypto CFDs.
Traders can select from three main evaluation paths: 1-Step Evaluation (10% profit target), 2-Step Evaluation (Phase 1 at 8% and Phase 2 at 5% profit targets), and 3-Step Evaluation (lower target requirements per phase). Execution infrastructure spans top modern trading interfaces, including cTrader, MatchTrader, and TradeLocker.
FundingPips operates with zero time limits and no minimum trading day restrictions on its evaluation phases, giving traders complete freedom to pursue profit targets without deadline pressure. All account models support automated Expert Advisors (EAs), custom trading bots, trade copiers, overnight position holding, and news trading. One of FundingPips’ flagship features is its Weekly Payout framework (processed every 5 trading days), paired with a default 80% profit split that scales up to 100% alongside capital scaling milestones.
Our verdict
The Tradelytic editorial assessment — independent of any commercial relationship.
FundingPips is a top-tier choice for retail traders seeking low challenge pricing, fast weekly payouts, and modern platform options like cTrader and MatchTrader. Its weekly payout schedule (every 5 trading days), zero time limits, and evaluation phase fee refunds make it one of the most accessible and trader-friendly prop firms on the market. Furthermore, full permissions for EAs, trade copiers, news trading, and weekend holding provide complete operational flexibility.
The main trade-offs to keep in mind involve risk limit structures and platform availability. FundingPips calculates maximum daily loss based on equity/balance at midnight server time, and certain challenge formats utilize maximum trailing drawdowns rather than pure static limits. Additionally, due to industry-wide MetaQuotes licensing shifts, FundingPips primarily operates on cTrader, MatchTrader, and TradeLocker rather than MetaTrader platforms.
Pros & cons
The honest summary, weighed from our testing and trader feedback.
- Highly competitive low evaluation challenge fees starting from $32 for a $5k account
- Fast weekly payouts processed every 5 trading days
- Zero time limits and zero minimum trading days on evaluation phases
- Modern platform choices: cTrader, MatchTrader, and TradeLocker
- Automated EAs, algorithmic bots, trade copiers, and news trading permitted
- Overnight and weekend position holding allowed
- Scaling plan up to $2,000,000 capital limits with profit splits up to 100%
- Evaluation fee fully refunded with the first successful payout
- No native MetaTrader 4 or MetaTrader 5 platform support
- Max daily loss is calculated equity-based at server reset (midnight UTC)
- Trailing drawdown on select challenge tiers reduces drawdown flexibility as equity grows
- Non-refundable evaluation fee if a challenge account is breached
Who it's for
Here's how to tell if this prop firm is right for you.
- Prefer trading on cTrader, MatchTrader, or TradeLocker platforms
- Want fast weekly payouts every 5 trading days instead of bi-weekly or monthly waits
- Run automated EAs, custom indicators, or trade-copying software
- Value low entry costs and taking your time to complete evaluations without deadlines
- Swing trade forex, indices, or metals with overnight position holding
- Require MetaTrader 4 or MetaTrader 5 as your primary trading software
- Need wide static total drawdown buffers that never trail floating profits
- Plan to execute high-frequency tick scalping, arbitrage, or single-trade gambling setups
Fees & platforms
What it costs to trade, and what you'll trade on.
FundingPips charges a one-time challenge fee that varies according to account size and the challenge type selected. There is no ongoing monthly subscription fee. Account sizes are available from $5,000 up to $200,000, making FundingPips accessible to traders at every stage – from those starting with a smaller capital base to more experienced traders seeking access to a substantial funded account. The one-step path consolidates the full evaluation into a single phase with a combined profit target before the trader transitions to a funded account. The two-step path structures the evaluation across a Challenge and Verification phase with incremental targets applied across both stages. The maximum overall drawdown is capped at 10% of the starting balance and is consistently applied across both challenge types. The challenge fee is non-refundable outside of applicable free retry conditions, and traders should factor this into their decision before committing to a challenge.
Evaluation Tiers & Pricing at FundingPips
FundingPips offers multiple challenge paths across account sizes from $5K to $100K: • 1-Step Evaluation: 10% Profit Target | 3% Daily Loss | 6% Max Drawdown | Entry from $32 ($5K) to $399 ($100K) • 2-Step Evaluation: Phase 1 (8% Target) / Phase 2 (5% Target) | 5% Daily Loss | 10% Max Drawdown | Entry from $32 ($5K) to $399 ($100K) • 3-Step Evaluation: Phase 1 (5%) / Phase 2 (5%) / Phase 3 (5%) | 4% Daily Loss | 8% Max Drawdown | Entry from $29 ($5K)
Drawdown & Risk Rules at FundingPips
FundingPips enforces a Daily Loss Limit (3% to 5% depending on challenge model) calculated based on equity or balance at midnight server reset (00:00 UTC). Total maximum drawdown ranges from 6% to 10% depending on the evaluation model chosen. Breaching a daily or total drawdown limit immediately disables the account.
Profit Split & Scaling at FundingPips
Default profit splits start at 80/20 in favor of the trader and scale to 85%, 90%, and ultimately 100% as traders reach capital scaling targets. The scaling plan increases account capital by 20% every time a trader achieves a cumulative 10% profit milestone over a 4-cycle period, up to a maximum of $2,000,000.
Payout Policy at FundingPips
Payouts at FundingPips are processed weekly (every 5 trading days) once a trader reaches funded status and fulfills minimum profit criteria. Payouts are issued via Cryptocurrency (USDT TRC20/ERC20) and Rise, with processing typically completed within 24 business hours following approval. Evaluation challenge fees are refunded alongside the first payout.
Trading Rules & Restrictions at FundingPips
FundingPips provides flexible trading parameters: • Time Limits: Unlimited (no maximum time limit) • Minimum Days: 0 days on evaluation • News Trading: Permitted across all account types • Overnight & Weekend Holding: Permitted • EAs & Copiers: Permitted (strategies must be unique to the account holder) • Prohibited: Latency arbitrage, news straddling, account sharing, and high-frequency tick scalping.
FundingPips Trading Platforms
Trading takes place across cTrader, MatchTrader, and TradeLocker. Order execution features tight raw spreads, direct liquidity routing, and low execution latency.