FundingPips has grown from a 2022 startup into one of the most-used names in the prop trading world, and the question every trader types into Google is the obvious one: is FundingPips safe, and is it actually worth it? Short answer: yes, it’s legitimate and it pays, but the rules are more complex than most rivals, and that catches people out. Here’s the full breakdown.
What Is FundingPips?
FundingPips is a Dubai-based forex and CFD proprietary trading firm founded in 2022 by Khaled Ayesh. It runs the standard challenge-and-funded model: you pay a one-time fee, pass an evaluation (or buy instant funding), then trade a firm-funded account and keep a share of the profits. Like every firm in this space, it’s a simulated/CFD setup, not a regulated brokerage handing you real client money.
The firm says it has 2 million-plus traders across roughly 195 countries and has paid out somewhere between $160M and $200M-plus, depending on which of its figures you read. Treat those as marketing numbers, not audited financials. What’s not in dispute is the scale and momentum: FundingPips is now a top-three firm by traffic and one of the few that survived 2024’s industry shakeout in better shape than it went in.
| Field | FundingPips |
|---|---|
| Founded / HQ | 2022, Dubai (UAE) |
| Type | Forex / CFD prop firm |
| Evaluation models | 1-Step, 2-Step, 2-Step Pro, Zero (instant) |
| Account sizes | $5K–$100K, scaling to $2M |
| Challenge fee | From ~$29 (refunded by your 4th payout) |
| Profit split | Up to 100% (monthly); 95% on Zero |
| Payout speed | ~24–48h; USDC, bank, Rise, card |
| Platforms | MT5, cTrader, Match-Trader |
| US access | Most states (check at checkout) |
| Trustpilot | ~4.5/5 (“Excellent”) |
FundingPips Challenge Models (4 Ways to Get Funded)
FundingPips has the deepest menu in the business. Here’s how the four programs differ. All numbers are point-in-time, so confirm them on the firm’s trading-objectives page before buying.
2-Step Standard (most popular)
- Targets: 8% (Phase 1), 5% (Phase 2)
- Max daily drawdown 5%, max overall drawdown 10%
- Minimum 3 trading days per phase, no time limit
- Leverage up to 1:100, the highest in the lineup
2-Step Pro (cheapest, from ~$29)
Same two-step targets but tighter risk: 3% daily and 6% overall drawdown, plus a 45% consistency rule. It’s the low-cost, low-risk way in, and the one most beginners start with.
1-Step
A single 10% profit target with 3% daily and 6% overall drawdown. The standout detail: that 6% max drawdown is static, not trailing, which is friendlier than most one-step challenges where the limit chases your equity up.
Zero (instant funding, no evaluation)
Skip the challenge and get funded on purchase, with a 95% split. The trade-offs are strict: a 5% trailing drawdown on peak equity, a 15% consistency rule, at least 7 profitable days every 30, no holding through high-impact news, and no holding over the weekend. It suits steady intraday traders, not news players.
The big “gotcha”: some rules (news restrictions, certain instrument limits, and parts of the consistency policy) only apply once you reach the funded stage, not during the evaluation. That surprise is the single most common theme in negative reviews, so read the funded-account rules before you start, not after you pass.
Pricing, Profit Split, and Payouts
Accounts run from $5K to $100K, with challenge fees starting around $29 for the smallest Pro account. Pass a 1-Step or 2-Step challenge and reach your fourth successful payout, and FundingPips refunds your original fee. Withdrawals carry a small fee (about $10 per transaction, plus network costs on crypto).
The profit split is tiered by how often you withdraw, which is where a lot of traders get tripped up: the headline “100%” only applies on the slow monthly cycle.
| Payout cycle | Your split | Condition |
|---|---|---|
| Weekly | 60% | — |
| Bi-weekly | 80% | — |
| On-demand | 90% | 35% consistency |
| Monthly | 100% | — |
| Zero (instant) | 95% | bi-weekly |
Your first payout is available after about 5 trading days once your KYC is complete, and processing is genuinely fast, usually 24 to 48 hours. You can take it in USDC, bank transfer, Rise, or to a card. Quick crypto payouts are the single most praised thing in FundingPips reviews.
Platforms and Tradable Assets
FundingPips supports MT5, cTrader, and Match-Trader. There’s no MT4, DXtrade, or native TradingView execution. Importantly, the firm now holds its own direct MT5 license rather than borrowing one through a broker, which matters for the safety story below.
You get roughly 48 instruments: forex (up to 1:100), indices and metals (around 1:20), energies (around 1:10), and crypto. Here’s the catch for our audience: crypto leverage is only about 1:2, and the crypto pair list is thin. If you mainly trade digital assets, FundingPips is not the right home. You’d be better served by a real-exchange crypto prop firm, several of which we cover in our best prop trading firms guide, or by trading spot and perps yourself on a top crypto exchange or derivatives venue.
Start a FundingPips Challenge →
Is FundingPips Safe? US Access and the 2024 Shutdown
FundingPips is legitimate and pays out. That’s the consensus across FXEmpire, ForexPeaceArmy, and a ~4.5 Trustpilot built on tens of thousands of reviews. But “legit” isn’t the same as “frictionless,” and a fair review has to cover the rough patch.
In February 2024, MetaQuotes forced FundingPips’ broker to cut it off over active US accounts, and the firm briefly halted all services. It migrated every account to Match-Trader within about ten days, added cTrader, and later won back MT5 through its own direct license. So the worst incident in its history is real, but it’s been resolved, and owning the MT5 license now makes a repeat far less likely. For context, that MetaQuotes purge hit the whole industry in 2024, and the separate MyForexFunds case the CFTC brought in 2023 was dismissed with prejudice in May 2025, with the regulator sanctioned for misconduct.
On US access, FundingPips accepts traders in most states in 2026, though a handful are restricted and the list moves, so check your state at checkout. Iran, the UAE, Vietnam, and sanctioned regions are blocked globally. KYC with a government ID is required before your first payout.
FundingPips Pros and Cons
- Very low entry (~$29) and fee refunded by your 4th payout
- Up to 100% split, 95% on instant funding
- Fast 24–48h payouts, including USDC
- Static (non-trailing) drawdown on the 1-Step
- Widest challenge menu plus scaling to $2M
- Three platforms and its own MT5 license
- Some rules only apply once you’re funded
- Consistency and per-trade-idea rules trip up active traders
- 100% split only on the slow monthly cycle
- Weak for crypto (~1:2 leverage, thin pairs)
- The Feb 2024 shutdown is in its history
- Scale and payout figures are firm-claimed
How FundingPips Compares to FTMO and FundedNext
| FundingPips | FTMO | FundedNext | |
|---|---|---|---|
| Founded | 2022 | 2015 | 2022 |
| Entry (~$10K) | from ~$29 | ~$155 | ~$99 |
| Max split | 100% | 90% | 95% |
| Payout speed | ~24h | 1–2 days | ~24h |
| Scaling cap | $2M | Lower | Yes |
In a line: FundingPips is the cheaper, faster-paying, more flexible option versus FTMO, with a deeper challenge menu and a higher scaling ceiling. FTMO wins on track record (a decade vs three years), and FundedNext sits in between on price. See how all three stack up in our best prop trading firms ranking.
Who Should Use FundingPips?
- Good fit: budget-conscious forex, index, and metals traders who want fast crypto payouts, a static-drawdown 1-step, and a path to $2M, and who can trade within consistency rules.
- Skip it: crypto-first traders (leverage is only ~1:2), news scalpers, high-frequency single-big-day strategies, anyone in a restricted state, and anyone who wants a regulated broker rather than a CFD prop model.
7 Frequently Asked Questions
Is FundingPips legit and safe?
Yes. It’s a legitimate 2022 firm that pays reliably and holds a ~4.5 Trustpilot. The caveats are complex rules and the February 2024 platform outage, which it resolved by moving to Match-Trader and later regaining its own MT5 license.
Does FundingPips really pay out?
Yes, and fast, usually within 24 to 48 hours, including USDC. The first payout is available after about 5 trading days once your KYC is done.
How much does FundingPips cost?
From about $29 for the smallest 2-Step Pro account, scaling up with size. Your fee is refunded once you reach your fourth payout.
Can US traders use FundingPips?
In most states, yes, but a few are restricted and the list changes, so verify your state at checkout. KYC is required before payout.
Is FundingPips good for crypto?
Not really, crypto leverage is only about 1:2 and the pair list is thin. Crypto traders should look at a real-exchange crypto prop firm or trade directly on an exchange.
Related Reading
- Best Prop Trading Firms (our full ranking, crypto, forex and futures)
- FTMO Review (the longest-running multi-asset firm)
- FundedNext Review (95% split, fast payouts)
- Best Crypto Exchanges (trade crypto yourself, low fees)
- Best Derivatives Exchanges (perps and futures for crypto traders)
