TRADABLE MARKETS:
CFDs
CEO
Khaled Ayesh
Date Created
2022
FundingPips
Years In Operation:
3
Date Created
2022
4.5 out of 5
Trustpilot
CFDs
Firm Overview
PAYMENT METHODS:
Apple Pay
Bank Transfer
Credit/Debit Card
Crypto
Google Pay
Neteller
Paysafe
Skrill
PLATFORM:
Available Support Channels:
Discord
Email
Live Chat
Payout Methods:
Commissions
1 Step, 2 Step, 2 Step Pro
- Forex and Metals – $5/lot.
- Indices and Oil – $0.
- Cryptocurrency – 0.04%/lot.
- Forex and Metals – $7/lot.
- Indices and Oil – $0.
- Cryptocurrency – 0.04%/lot.
Consistency Rules
- 1 Step, 2 Step Models – 35%, no single trading day can account for more than 35% of the total profit for On Demand Rewards only.
- FundingPips Pro – 15%, no single trading day can account for more than 15% of the total profit
Firm Rules
- 20 Lots Per Click Rule – Traders can place a maximum order size of 20 lots per transaction.
- Maximum Lot Exposure Limit (2-Step Master Account Only) – Limit on the number of lots that can be opened at any given time. First violation will be a warning, while a second will lead to deduction of profits from the above the limits, a reduction of rewards to 30% of your profits and a closure of the account.
- $5,000 account – None
- $10,000 account – None
- $25,000 account – Maximum 10 lots
- $50,000 account – Maximum 20 lots
- $100,000 account – Maximum 40 lots
- Weekend Holding – Can hold trades over the weekends on 1 Step and 2 Step Models. Holding positions over the weekend on FundingPips Zero is prohibited.
- News Trading –
- 1 Step and 2 Step Models – There are no restrictions during the evaluation stage. On the Master Accounts, no trading activity is allowed 5 minutes before/after the red folder news event. Any profits from trades during this time will not be counted on the account unless the trade was executed 5 hours before the window. For those who get the On Demand add-on, they can trade news without any restrictions.
- FindingPips Zero – News trading is not allowed. Trading is restricted 10 minutes before and after high-impact news on the affected currencies. Opening a trade during this window will lead to account termination.
- Gambling Behaviour (Master Account Only) – Max loss per trade must not exceed 3% of the account size. For more information about FundingPip’s Toxic Trading Flow, click here: https://help.fundingpips.com/en/articles/9339726-what-is-toxic-trading-flow.
- Inactivity Rule – Trading accounts are suspended if they are inactive for 30 consecutive days.
Payout Policy
1 Step & 2 Step
- Minimum Reward Amount – 1% of the initial balance.
- On Demand Rewards (90% Split) – Must meet the following criteria:
- Consistency – 35%.
- Minimum Reward – 2% of the initial balance.
- Tuesday Payday (60% Split) – Request a reward with 60% Profit Split every Tuesday.
- Bi-Weekly Rewards (80% Split) – Request a reward every 14 days after the first executed trade.
- Monthly Rewards (100% Split) – Request a reward every 30 days after the first executed trade.
2 Step Pro
- Minimum Reward Amount – 1% of the initial balance.
- Weekly Rewards (80% Split) – Request a reward every 7 days after the first executed trade.
- Daily Rewards (80% Split) (Beta) – Can request a daily reward:
- Consistency – 35% on Student and Practitioner Phases (does not apply to Master Phase).
FundingPips Zero
- Minimum Reward Amount – 1% of the initial balance.
- Bi-Weekly Rewards (95% Split) – Request a reward every 14 days after the first executed trade.
- Consistency – 15%, with 7 profitable days where each profitable day has at least 0.25% of the initial account size
- Safety Cushion – Must generate 3% profit on the Master Account. This cannot be requested as a Reward.
- Biggest Loss Cannot Exceed Biggest Win – Must make sure that the biggest loss on the account does not exceed the biggest win.
KYC
- After you pass the evaluation, you will need to complete the KYC verification process.
Restricted Countries
Vietnam
Frequently Asked Questions
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FundingPips
Yes, using a third party EA is allowed as long as it is a trade/risk manager. Any other types of EAs are not allowed. Similarly, copy trading is allowed within a trader’s own accounts.
This is the highest level of trader and FundingPips where after consistently performing well, you get access to winder benefits and opportunities like increase in your Max Drawdown, increased account balance and monthly bonuses among others. You can find out more about this here: https://help.fundingpips.com/en/articles/8536004-what-is-the-hot-seat-program
Yes, traders are eligible for a refund after four rewards in their Master Accounts. Note that the fee is non-refundable for 2 Step Pro and FundingPips Zero.
FundingPips Prop Firm Challenges
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