FundingPips Review 2026 — Rules, Payouts, Scaling & Drawdown

FundingPips offers more evaluation variety than most prop firms. Four distinct models, each targeting a different trader profile: the 2-Step Standard for balanced risk/reward, the 2-Step Pro for budget-conscious traders willing to accept tighter rules, the 1-Step for experienced traders who want to pass fast, and the Zero Model for instant funding with no evaluation. The account sizes range from $5K to $100K across all models.

Which Model I Actually Recommend

The 2-Step Standard. Always. The 10% overall drawdown gives you enough room to survive normal losing streaks without breaching. The 8%/5% profit targets are achievable without forcing trades. And the fee gets refunded after your 4th payout, making it effectively free if you stick with the firm long-term.

The 2-Step Pro looks tempting at $29 entry, but the 3% daily loss limit and 6% overall drawdown leave almost zero margin for error. One bad session on a volatile GBP/USD day and you're done. The Pro is designed for traders with near-perfect risk management — and even then, the tighter drawdown turns normal market volatility into account-ending events.

The 1-Step is viable if you're experienced and want a faster path. But hitting +10% in one phase with only 6% drawdown means you need to be right almost immediately. No room for learning the platform or adjusting.

The Zero Model? I'd avoid it unless you have a boringly consistent strategy that never has drawdown spikes. The trailing drawdown until you lock 5% profit is much harder than it sounds. Most traders breach this model within the first two weeks.

The Real Cost Breakdown

A $50K 2-Step Standard costs $289 one-time. Pass both phases, get funded, and the fee is refunded after your 4th payout. If you're earning $1,500-$2,000/month at 80% split, that's $1,200-$1,600 per month in your pocket, and you get that $289 back around month three or four. Total investment: $289 upfront, effectively $0 net after 4 payouts.

Compare that to futures firms: TakeProfitTrader costs $170/month ongoing plus $130 activation. Alpha Futures Standard runs $159/month ongoing plus $149 activation. FundingPips' one-time fee model with refund is genuinely cheaper long-term — no recurring subscription bleeding your account.

FundingPips also runs frequent 20-30% promotional discounts. Time your purchase during a sale and that $289 drops to $200-$230. The firm's pricing is one of the most accessible in the industry.

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FundingPips mostly uses static drawdowns, which is great news for risk management. On a $50K 2-Step Standard account, your equity floor stays at $45,000 regardless of how high your balance grows. Make $5,000 in profit and your floor is still $45,000 — not chasing you upward like a trailing model. This is one of the more forgiving drawdown structures in prop trading.

The exception is the Zero Model. The drawdown trails with your equity peaks until you've locked in 5% profit. If your $50K Zero account hits $52,000 in equity, your drawdown floor moves to $47,000. If you then dip back to $50,500, you've used up most of your cushion. The trailing mechanic only stops once your end-of-day balance has exceeded the starting balance by 5% — then it locks static. Miss this detail and you'll breach wondering what happened.

The Eval-to-Funded Rule Shift — Read This Carefully

This is the single biggest gotcha at FundingPips and the source of most negative reviews. During evaluation, you trade with almost no restrictions. News? Trade it. Consistency? None required. Stop-losses? Optional. But once you're funded, the landscape changes:

News trading profits get voided if your trade was opened or closed within 5 minutes of a high-impact event (10 minutes on Zero accounts). The one exception: trades opened at least 5 hours before the event can be closed during the window without penalty. If your strategy revolves around NFP, CPI, or FOMC reactions, this restriction will directly impact your funded-account profitability.

Consistency rules appear depending on your payout option. Choose bi-weekly payouts at 80% and there's no consistency requirement — trade however you want. Choose On-Demand at 90% and you need a 35% consistency score (no single day exceeding 35% of total profits). Choose the Zero model and you're locked to 15% permanently. My recommendation: stick with bi-weekly at 80% and avoid the consistency headache entirely.

Stop-losses become mandatory within 30 seconds of opening a trade on funded accounts. Not a deal-breaker for most discretionary traders, but it's one more thing to remember — and one more reason to read the funded rules before buying the evaluation.

Rules That Actually Help You

The static drawdown on 2-Step Standard accounts is legitimately trader-friendly. Most forex prop firms use equity-based trailing drawdowns that punish you for making profit. FundingPips' static model means your risk parameters stay fixed regardless of performance. That's a real advantage for swing traders who might see significant equity fluctuation before hitting take-profit.

No time limits on evaluations is another structural benefit. You can take 2 weeks or 6 months to pass — the firm doesn't care. This removes the pressure that causes most traders to overtrade, oversize, or deviate from their plan.

EAs are permitted for trade and risk management. If you use an EA for automated stop-loss management, trailing stops, or position sizing — that's allowed. Full automation strategies aren't, but the partial EA allowance is more than most firms offer.

FundingPips offers MetaTrader 5 (MT5), cTrader, and Match-Trader. You choose your platform at checkout when purchasing the challenge. Switching mid-challenge requires contacting support and isn't guaranteed.

My Platform Setup on FundingPips

I trade MT5. The ecosystem is massive — thousands of indicators, EAs, and scripts built by a global community. The interface isn't the prettiest, but it's functional, reliable, and I know every shortcut. 21 timeframes, depth of market, built-in backtesting — it covers everything I need for my forex approach.

The execution on MT5 through FundingPips has been solid. GBP/USD fills during London-New York overlap are responsive, and I haven't experienced the phantom spread widening that some traders report on lower-tier platforms. Commissions are $5 per round lot on forex and metals, which is competitive for the prop space. Indices, energies, and crypto are commission-free.

If you value charting quality over ecosystem size, cTrader is the better visual experience. The $20 surcharge per account is negligible on $50K+ accounts but adds up if you're running multiple smaller accounts. For US-based traders with existing accounts, Match-Trader is the default since MT5 isn't available due to MetaQuotes licensing restrictions.

What You Can Trade

FundingPips covers forex and CFDs — no futures. The instrument list includes over 48 assets: forex majors and minors (GBP/USD, EUR/USD, USD/JPY, etc.), metals (Gold/XAU, Silver), indices (NAS100, US30, SPX500), energies (crude oil, natural gas), and cryptocurrencies (BTC, ETH at 1:2 leverage). Gold dominates the FundingPips trading community — reportedly making up around 70% of all trades placed on the platform. If you're a gold trader, this is where you want to be.

For my purposes, the forex pair selection is all I need. GBP/USD and EUR/USD during high-volume sessions, with the occasional gold scalp when the setup is clean. If you need CME futures access (ES, NQ, crude oil futures), FundingPips can't help you — that's what TakeProfitTrader, Alpha Futures, and Bulenox cover in my rotation.

My approach to FundingPips is different from how I trade futures. On futures firms, I'm scalping NQ during the first 90 minutes of US open — fast in, fast out, $300-$600 target per session. On FundingPips, I'm trading GBP/USD with more patience. London-New York overlap entries, 30-50 pip targets, wider stops (60-80 pips), and hold times measured in hours instead of minutes.

This matters because FundingPips' rules actually reward patient trading. No time limits mean I can wait days for the right setup. Static drawdowns mean I don't lose cushion after profitable periods. And the bi-weekly payout cycle means I'm not rushing to hit targets before a weekly deadline.

How I Manage the Funded-Account Rules

The news restriction is the main one to navigate. I avoid opening new positions within 30 minutes of high-impact events — not just the 5-minute window FundingPips enforces, but a wider buffer for safety. If I'm already in a trade from earlier in the session, I check whether my entry was at least 5 hours before the event (exempt from the restriction) or not (profits may be voided if I close during the window).

For consistency: I use bi-weekly payouts at 80% split, which means zero consistency rule applies. No math to manage, no single-day profit caps to worry about. If I have one great day that accounts for 60% of my cycle's profits, that's fine — the consistency rule only activates if you choose the On-Demand (90%) or weekly (60%) payout options.

Building to Payouts

On a $50K 2-Step Standard, Phase 1 needs $4,000 (8%) and Phase 2 needs $2,500 (5%). With my forex approach generating $200-$400 per session, Phase 1 typically takes 2-3 weeks of active trading, and Phase 2 about 1-2 weeks. No rushing, no oversizing, no deviating from the plan.

Once funded, I target $1,500-$2,500 per bi-weekly cycle. At 80% split, that's $1,200-$2,000 in my pocket every two weeks. The minimum withdrawal is 1% of account balance ($500 on a $50K), and payouts process within 1-3 business days through Rise (Riseworks). Under $500 goes via USDT with a flat $10 fee.

The scaling path adds long-term upside. After 4 payouts plus 10% total profit, you hit Launchpad (20% account growth). Then Ascender at 8 payouts, Trailblazer at 12, and eventually Hot Seat at 16 payouts — where you unlock on-demand withdrawals, 100% profit split, and up to $2M in capital. I'm working through the middle tiers now. It's a marathon, not a sprint.

The Payout Split Tradeoff

This is unique to FundingPips: you choose your split by choosing your payout frequency. Weekly gets you 60% — fast cash but you're leaving 40% with the firm. Bi-weekly gets 80% — the sweet spot in my opinion. Monthly gets 100% — maximum profit but your money is locked for 30 days. On-Demand gets 90% but requires a 35% consistency score.

The math overwhelmingly favors bi-weekly at 80% for most traders. If you're earning $3,000/month: weekly gives you $1,800 (60%), bi-weekly gives $2,400 (80%), monthly gives $3,000 (100%). The extra $600/month for monthly isn't worth the risk of breaching before you can withdraw. Bi-weekly lets you extract profits regularly while keeping 80% — and with no consistency rule to manage.

The single most important data point about FundingPips: over $200 million in payouts verified through PayoutJunction across 127,000+ transactions. No other forex prop firm in my rotation comes close to that verified payout volume. This isn't self-reported marketing — PayoutJunction is a third-party tracking platform where traders submit proof of real withdrawals. When I evaluate whether a prop firm is worth my money, this is the metric that matters most.

Trustpilot corroborates the payout evidence: 4.5/5 rating with approximately 46,000 reviews as of February 2026. The rating breakdown shows about 82% five-star reviews, with positive feedback consistently highlighting fast payouts, clear evaluation rules, and responsive support. The negative reviews (and they exist) typically focus on funded-account rule enforcement, particularly around the news trading restriction and consistency scores that traders didn't expect.

Dubai-Based, Growing Fast

FundingPips operates as FP Funding LLC, headquartered in Dubai, UAE (IFZA Business Park). The firm is also registered in Cyprus under Alpha Futures Limited (registration HE 450941). Founded in 2022 by CEO Khaled Ayesh, the firm claims over 1.5 million traders across 195+ countries. The company holds 3 ISO certifications and maintains an active Discord community with 163,000+ members.

The firm experienced a temporary suspension in 2024 due to industry-wide MetaQuotes licensing issues that affected multiple prop firms. They resumed operations with expanded platform support (adding MT5 back in 2025) and have continued growing since. That incident is worth knowing about — not because it signals fraud, but because it demonstrates how platform dependencies can affect prop firm operations.

Why I Trust My Money Here

Two years and multiple payouts is my answer. But beyond personal experience: $200M+ in verified third-party payouts across 127,000+ transactions means that tens of thousands of traders have successfully withdrawn real money from this firm. The payout evidence is overwhelming. Does that mean every payout is guaranteed? No. Does it mean the firm systematically pays traders who follow the rules? The data says yes.

Red Flags and Concerns

The eval-to-funded rule shift is the most legitimate concern. FundingPips' evaluation rules are more permissive than the funded-account rules, and the gap between them has generated widespread complaints. News trading restrictions, consistency rules, and the mandatory stop-loss requirement only appear after funding. This isn't a hidden scam — the rules are published. But they're not prominently communicated during the purchase process, which feels like a deliberate choice.

"Equity on Balance" account closures have been reported by traders, particularly around payout windows. I haven't experienced this in 2+ years, but the pattern appears frequently enough in Trustpilot reviews and Discord discussions to take seriously. If you're approaching a payout request, make sure your account is compliant with every funded rule — not just the drawdown limits.

The no-US-new-accounts restriction limits the firm's accessibility. Existing US accounts can still trade, but new US traders can't join FundingPips. If you're US-based and looking for forex prop trading, your options here are limited to existing accounts on Match-Trader only.

FundingPips competes in the forex/CFD prop space — not futures. This comparison focuses on the leading forex prop firms rather than my futures rotation. For futures-specific comparisons, see my reviews of TakeProfitTrader, Alpha Futures, and Lucid.

Where FundingPips Wins

Verified payout track record is unmatched. $200M+ through PayoutJunction is the highest independently verified payout volume of any forex prop firm I'm aware of. When you're evaluating whether a firm actually pays, this data point ends the debate.

Payout frequency flexibility sets FundingPips apart. Most forex prop firms lock you into bi-weekly payouts. FundingPips lets you choose weekly, bi-weekly, or monthly — with the profit split adjusting accordingly. That level of cash flow control is rare and valuable for traders who need regular income.

One-time fees with refund potential beat subscription models. You pay once, and on the 2-Step Standard and 1-Step, the fee is refunded after your 4th payout. No monthly bills draining your account while you're still in evaluation. For traders coming from futures firms with monthly subscriptions, this pricing model is refreshing.

The $29 entry point is the lowest in the industry. A $5K 2-Step Pro account for $29 means you can test FundingPips' execution, rules, and platform experience for less than a restaurant meal. No other firm makes the barrier to entry that low.

No time limits on evaluations give you complete control. Take a week or six months — FundingPips doesn't punish patience. For traders managing multiple firms, this flexibility is essential.

Where FundingPips Loses

The eval-to-funded rule shift creates legitimate trust issues. News trading allowed in eval but restricted in funded, consistency rules that appear only after funding, and the mandatory stop-loss that wasn't required during evaluation — this gap generates the majority of negative feedback. It's the single biggest complaint in FundingPips' Trustpilot reviews and Discord community.

No futures access means it can't replace a CME-focused prop firm. If you trade ES, NQ, crude oil futures, or any other CME product, FundingPips isn't relevant. It's a forex/CFD-only firm, which is why I treat it as a complement to my futures firms rather than a primary.

US traders are locked out of new accounts. FundedNext and The5ers both accept US clients. FundingPips doesn't. If you're US-based, this firm isn't currently an option for new signups.

The Zero Model's trailing drawdown is brutal. The "instant funding" pitch sounds great until you realize the drawdown trails your equity peaks until you've locked +5% profit. Most traders breach before reaching that threshold. The Zero Model has the worst risk/reward ratio of any FundingPips product.

My Recommendation by Trader Type

If you want the strongest verified payout track record in forex prop trading, go FundingPips 2-Step Standard — $200M+ in PayoutJunction-verified payouts is the gold standard.

If you're a futures trader wanting to add forex exposure, go FundingPips — it's the best complement to firms like TakeProfitTrader and Alpha Futures because the one-time fee model and unlimited eval time fit a secondary trading focus perfectly.

If you're US-based and need forex prop trading, look at FundedNext or The5ers instead — FundingPips doesn't accept new US accounts.

If you want the cheapest possible entry into prop trading, go FundingPips 2-Step Pro at $29 — nothing else comes close on price.

If you want the most lenient drawdown for forex trading, go FundingPips 2-Step Standard — 10% static drawdown is among the most generous in the forex prop space.

If you trade exclusively news events (NFP, CPI, FOMC), go FTMO or FundedNext — FundingPips' funded-account news restrictions will directly limit your profitability.

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What are FundingPips' evaluation rules?

FundingPips uses a two-phase evaluation. Phase 1: typically 8–10% profit target, 5% daily loss limit, 10% maximum drawdown, minimum trading days. Phase 2: typically 4–5% profit target, same DLL and max drawdown. Both phases must be completed within the drawdown limits. Breaching the max drawdown in either phase terminates the evaluation and requires a reset or new purchase.

What is FundingPips' daily loss limit?

FundingPips enforces a 5% daily loss limit during both evaluation phases and funded trading. On a $100K account, this is $5,000 at account open — but the dollar threshold recalculates on the current balance, not starting balance. A $110K account has a $5,500 daily limit. A $92K account has a $4,600 daily limit. Always calculate on current balance, not the round starting number.

What is FundingPips' maximum drawdown?

FundingPips' maximum drawdown is typically 10% of the account, calculated on either a trailing or relative-to-peak basis depending on the plan. A breach ends the evaluation or funded account immediately. Verify whether your specific plan uses trailing or static max drawdown mechanics — the calculation method significantly affects risk management after profitable periods.

How many trading days are required in the FundingPips evaluation?

FundingPips requires minimum trading days in both Phase 1 and Phase 2 before the profit target can be passed — typically 4–5 minimum days per phase. Reaching the profit target before completing the minimum day count doesn't pass the phase. Both conditions must be met simultaneously.

Does FundingPips allow news trading?

FundingPips news trading rules vary by plan version. Some plans restrict new position entries during a 2–5 minute window around Tier-1 releases (NFP, FOMC, CPI). Others permit free news trading. Always verify the current news policy in your specific plan documentation before your first release-day trade.

Does FundingPips allow overnight holding?

Weeknight overnight holds on Forex positions are generally permitted. Weekend holds are more restricted — many plans require positions to close before the Friday market close due to gap risk on the Monday open. Note: Forex positions held over weekends accrue triple swap charges on most pairs regardless of the firm's permission.

Does FundingPips allow EA (Expert Advisor) trading?

FundingPips permits algorithmic trading via MT4/MT5 Expert Advisors provided the EA executes your own strategy logic. Prohibited: EAs that exploit platform latency, arbitrage between accounts, or copy positions from other FundingPips accounts. Third-party signal services using your FundingPips credentials are prohibited.

What is FundingPips' consistency rule on funded accounts?

FundingPips' funded consistency rule varies by plan version — check the current payout conditions in your specific funded account agreement. Some plans cap the best day as a percentage of cycle profits; others don't specify a formal consistency gate. Verify before your first payout request.

What leverage does FundingPips offer?

FundingPips offers leverage on Forex, gold, and indices trading. Specific leverage ratios vary by instrument and account size — Forex majors typically carry higher leverage than indices or metals. Always size positions relative to the daily loss limit, not the total account balance.

What instruments are prohibited at FundingPips?

FundingPips restricts prohibited strategies rather than specific instruments outright: latency arbitrage, grid trading that violates risk parameters, and strategies designed to exploit price discrepancies between simulated and real markets. All trading must reflect genuine market-direction speculation within the standard instrument list.

How does FundingPips' two-phase evaluation compare to FTMO?

Both use 8% Phase 1 and 5% Phase 2 targets with 5% daily loss limits and 10% max drawdown — nearly identical structures. FTMO has a longer track record and higher brand recognition. FundingPips may offer lower evaluation costs in certain markets. Compare current pricing and specific plan details directly.

What happens if I fail the FundingPips evaluation?

Breaching the max drawdown terminates the evaluation immediately. You can purchase a reset at typically 25–30% of the original evaluation cost, or buy a new evaluation. All accumulated profits in the failed phase are forfeited. Hitting the daily loss limit is a session suspension — it doesn't terminate the phase.

What is FundingPips' Aggressive plan and how does it affect rules?

The Aggressive plan uses the same evaluation rule structure (DLL, max drawdown, minimum days) but charges a higher evaluation fee in exchange for a better profit split from day one. The core trading rules remain the same as the Standard plan. The Aggressive plan changes payout economics, not evaluation compliance requirements.

Is FundingPips suitable for futures traders?

No — FundingPips is a Forex and CFD prop firm operating on MT4/MT5. There is no CME futures access, no Rithmic or CQG feed, and no NinjaTrader or Tradovate support. Futures traders need Lucid Trading, Tradeify, Alpha Futures, Topstep, or Apex. FundingPips is the right choice for Forex and multi-asset CFD traders.

What is the most important FundingPips rule to understand?

The 5% daily loss limit calculated on current balance — not starting balance. Most traders track the starting balance number and don't recalculate as the balance changes. After several profitable days at $107K, the actual daily limit is $5,350. After a drawdown to $94K, it's $4,700. Tracking the current balance and recalculating daily prevents unexpected DLL breaches.