Funding Pips, legally known as ANKH PROP – FZCO, is a proprietary trading firm established on August 25, 2022, and headquartered in Dubai, United Arab Emirates. Under the leadership of CEO Khaled Ayesh, the firm offers traders a choice between three account types: a two-step evaluation, a one-step evaluation, and a three-step evaluation.
Partnered with a tier-1 liquidity provider, Funding Pips ensures the best simulated real market trading conditions for its clients. The firm's headquarters are located at IFZA Business Park, Premises NO. 19448-001, Dubai, UAE.
Funding Pips Overview
| Key Feature | Details |
|---|---|
| CEO | Khaled Ayesh |
| Platform | Ctrader, Match Trader, Trading View |
| Payout Split | Upto 90% |
| Payouts | 5 Trading Days |
| Daily Drawdown | Upto 14% |
| Headquarters | Dubai |
| Expert Advisors | Allowed |
| Max Funding | $100,000 |
| Funding Programs | 1-Step, 2-Step, 3-Step |
| Leverage | Forex: 1:100, Metals: 1:30, Indices: 1:20, Energies: 1:10, Crypto: 1:2 |
| Weekend Holding | Allowed |
| Contact | Discord, support@fundingpips.com |
| Trustpilot Rating | 4.6/5.0 |
Funding Pips is a unique funding solution built by traders, for traders. The platform operates on a simple yet powerful premise: “Your Skill, Our Capital.” Essentially, Funding Pips provides skilled forex traders with access to their capital, allowing them to trade larger accounts and keep up to 90% of the profits they generate.
The company recognizes that traders typically go through three main stages in their careers: Student, Practitioner, and Master. To accommodate traders at different levels, Funding Pips has developed a two-phase evaluation process (Student and Practitioner) followed by a funded stage (Master). This structure allows the platform to identify talented traders while simultaneously helping them overcome funding challenges.
How Does the Evaluation Process Work?
The evaluation process at Funding Pips is designed to assess a trader's skills, discipline, and consistency. The first two phases – Student and Practitioner – serve as proving grounds for traders to demonstrate their abilities.
During the evaluation, traders have the flexibility to use Expert Advisors (EAs), hold positions during news events, maintain trades over weekends, and utilize lot sizes up to the maximum allowed by the account leverage. Funding Pips understands that imposing time limits can create a stressful environment, so there are no minimum or maximum restrictions on trading days. Traders can take as much time as they need to complete the evaluation.
The 1-Step Model offers a 12% Profit Target, 6% Max Overall loss, and 4% Max Daily loss, the 2-Step Model offers an 8% Profit Target, 10% Max Overall loss, 5% Max Daily, and finally the 3-Step Model offers a 5% Profit Target, 6% Max Overall loss, 4% Max Daily.
| Models | 1-Step | 2-Step | 3-Step |
|---|---|---|---|
| $5,000 evaluation | $59 | $36 | – |
| $10,000 evaluation | $99 | $66 | $59 |
| $25,000 evaluation | $199 | $156 | $139 |
| $50,000 evaluation | $299 | $266 | $219 |
| $100,000 evaluation | $499 | $444 | $349 |
Scale Up with Funding Pips
Once a trader successfully completes the evaluation process and reaches the funded “Master” stage, they gain access to even greater opportunities. Funding Pips offers a generous scaling plan that allows traders to increase their account size, Maximum Loss, and Maximum Daily Loss limits.
Funded traders start with a 14% Maximum Loss and a 7% Daily Loss limit. As they consistently demonstrate profitability and risk management, they can scale up to trading accounts as large as $2 million. This progressive scaling approach enables traders to grow their capital and earning potential over time.
Funding Pips Payouts and Profit Splits
Traders with Funding Pips are eligible to request a payout every 5 trading days after executing their first trade on the funded account. These payouts are subject to an 80% profit split, meaning traders keep 80% of the profits generated during that period.
Once a trader consistently meets profit targets and earns a “Hot Seat” at the firm, they qualify for on-demand payouts with an increased 90% profit split.
The minimum payout amount is set at 1% of the initial account balance, including Funding Pips' split. Payouts below $500 are processed through USDT TRC20 cryptocurrency, while those above $500 are handled via Rise, a financial services company that supports both bank transfers and crypto payouts. Funding Pips processes payouts within 24 hours, between 10 AM and 3 PM Dubai time.
To receive a payout, traders must fill out a form on their dashboard, which switches their trading account to view-only mode until the payout is processed. Traders can verify their payouts through the Rise platform, which requires completing KYC verification and signing necessary agreements.
Funding Migrates from MT5 to Match Trader
Funding Pips previously used the MetaTrader 5 (MT5) platform operated by Black Bull Group Limited, an award-winning broker registered and incorporated in New Zealand. However, after MetaQuotes terminated its partnership with Funding Pips due to serving clients from the USA without necessary regulatory approvals, the company migrated to the Match-Trader platform provided by Match-Trade Technologies.
The migration to Match-Trader allowed Funding Pips to retain the same trading conditions, commissions, and spreads that were previously available on MT5. The company's CEO, Khaled Ayesh, confirmed that the platform switch was 100% complete and that additional stress tests were being conducted to ensure seamless trading conditions and connections with liquidity providers.
Funding Pips is also working on implementing alternative platforms like Dxtrade, Ctrader, and TradeLocker, with TradeLocker being the final goal. The firm aims to obtain cryptocurrency and futures licenses to avoid future service provision issues, especially for clients from the USA.
What are Trading Competitions by Funding Pips?
Funding Pips occasionally hosts trading competitions for traders to showcase their skills and earn cash prizes or funded account evaluations.
Funding Pips announced its first trading competition in early 2024, offering a prize pool of $5,000 in cash and $575,000 worth of evaluations. The competition provided an exciting opportunity for traders to prove their trading abilities and potentially secure a lucrative future with the prop firm. Traders could register directly through a link provided by Funding Pips to participate in the competition.
The prizes for the winners of this inaugural Funding Pips trading competition were structured as follows: thirteen random participants, ranked from 4th place to 1000th place, would receive a cash compensation prize of $100 each. While the search results did not specify the prizes for the top three winners, such competitions typically offer larger cash prizes or fully funded accounts for the podium finishers.
Common Queries Related to Funding Pips
What are the Maximum Daily Loss and Maximum Loss Limits?
The Maximum Daily Loss is set to 4% of the starting equity or balance each day. The Maximum Loss Limit is 6% of the initial account size, meaning the equity or balance cannot go below this threshold at any time. This may vary depending on the model you choose.
Can I hold trades During News Events and Over Weekends?
Yes, you are allowed to hold trades over the weekend and during news events in the evaluation stage. However, profits from trades opened 2 minutes before or after a high-impact news event on the affected currency will not be counted.
What is the Daily Lot limit rule for Master accounts?
The daily lot limit is 10 lots per day for Master accounts in the 1-Step and 3-Step models. Exceeding this limit will result in open trades being closed, but it is not a hard breach that leads to account termination.
How do payouts and profit splits work?
Traders can request a payout every 5 trading days with an 80% profit split. Once a trader earns a “Hot Seat” by consistently meeting profit targets, they qualify for on-demand payouts and a 90% profit split.
Is Funding Pips a Credible Company?
While Funding Pips presents itself as a legitimate prop firm, some user reviews suggest potential issues with unexpected account terminations, payout delays, and lack of responsiveness from support.
What Trading Platforms does Funding Pips use?
Funding Pips uses the Match Trader, cTrader, and TradeLocker.
What instruments can I trade with Funding Pips?
You can trade Forex, Crypto, Indices, Metals & Energies with RAW spreads on Funding Pips.
Up For Funding Pips?
Funding Pips stands out as a premier proprietary trading firm, offering a unique blend of flexibility and top-tier trading conditions. With its strategic location in Dubai and the expert guidance of CEO Khaled Ayesh, the firm is well-positioned to support traders in achieving their financial goals.
The variety of account types and the partnership with a tier-1 liquidity provider ensure that traders have access to the best possible tools and environments for success.
