Funding Pips
Funding Pips is a Dubai-based proprietary trading firm founded in 2022, offering funded trading accounts from $5,000 to $100,000 with scaling up to $2 million. The firm provides multiple evaluation programs including 1-step, 2-step, and instant funding options.
Pros & Cons Analysis
An unbiased evaluation of Funding Pips's strengths and weaknesses to help you make an informed decision.
High Max Funding
Traders can access up to $10,000,000 in funding, offering substantial capital to scale trading operations.
Generous Profit Split
Funding Pips offers a profit split of up to 80%-100%, allowing traders to retain a significant portion of their earnings.
Flexible Trading
Traders can engage in news trading, scalping, and use Expert Advisors, providing diverse trading strategies.
Modern Platforms
Offers cTrader, Match-Trader, and TradeLocker, ensuring traders have access to advanced trading tools.
Quick Payouts
Multiple payout methods with processing times ranging from instant to 48 hours provide timely access to profits.
Undefined Track Record
The firm lacks a defined founding date and TrustPilot rating, raising concerns about its reliability.
High Evaluation Costs
Evaluation fees range from $3,600 to $49,900, which may be prohibitive for some traders.
Trading Restrictions
Prohibits high-frequency trading, hedging, and arbitrage, limiting certain trading strategies.
Strict Consistency Rule
A 45% consistency score is required, which can be challenging for traders to maintain.
Editorial Analysis
Funding Pips offers several enticing advantages for traders seeking a prop trading firm. Key benefits include high funding potential, generous profit splits, and flexible trading conditions.
With a maximum funding capacity of $10,000,000, Funding Pips provides traders with ample room to scale their trading operations and take advantage of larger market positions.
The profit-sharing model is particularly appealing, with traders able to retain between 80% and 100% of their profits, depending on their program and scaling level.
Flexibility is a hallmark of Funding Pips, as traders are allowed to engage in a variety of strategies, including news trading, scalping, and the use of Expert Advisors.
Utilizing platforms such as cTrader, Match-Trader, and TradeLocker, Funding Pips ensures traders have access to cutting-edge technology to enhance their trading experience.
Important Considerations
Despite its strengths, Funding Pips also presents several drawbacks that traders should consider. These include concerns over its track record, trading restrictions, and costs.
The absence of a defined founding date and TrustPilot rating poses uncertainties regarding the firm's credibility and historical performance.
Trading restrictions limit certain strategies such as high-frequency trading and arbitrage, which may not suit all traders' styles.
The evaluation fee range is notably high, potentially deterring traders who are unwilling or unable to make such a financial commitment upfront.
The firm's requirement for a 45% consistency score adds pressure on traders to maintain a steady trading performance, which may not align with all trading strategies.
Funding Pips offers substantial funding and flexible trading options, but its undefined track record and high costs pose challenges.
This firm is best suited for experienced traders who can navigate its restrictions and meet its consistency requirements.
Potential traders should weigh the high funding opportunities against the operational costs and evaluate if the firm's conditions align with their trading goals.