Funding Pips Complete Guide: Setup, Features & Tips (2026)

What is Funding Pips?

Funding Pips is a Dubai-based proprietary trading firm operated by Ankh Prop – FZCO that provides funded trading accounts to forex, crypto, indices, metals, and energy traders. Founded in 2022, Funding Pips offers three distinct pathways to funding: a 2-step evaluation program ($29–$289/month), a faster 1-step challenge ($59/month), and an instant funding option that bypasses testing entirely. With a 4.3/5 rating and over 43,000 verified Trustpilot reviews, the firm has distributed more than $200 million in profits to traders. If you're looking for a prop firm that combines competitive entry pricing with flexible profit splits up to 100%, Funding Pips deserves a serious look.

How to Create Your Funding Pips Account

Registration (5 minutes)

Start by visiting the Funding Pips website and clicking "Create Account." You'll enter your email address and create a password. Choose your account type: retail or professional trader (professional traders may access additional instruments). Select your preferred base currency (USD, EUR, GBP, etc.), which determines your challenge denomination.

Choose Your Challenge Type (2 minutes)

Select between 2-Step, 1-Step, or Zero (Instant Funding) programs. The 2-Step program runs two evaluation phases where you prove consistency before accessing real capital. The 1-Step skips directly to a single evaluation period, ideal if you've already proven your strategy elsewhere. Zero funding is available immediately—no testing required—though at a higher monthly cost.

Account Verification (10–15 minutes)

Provide your full legal name, date of birth, country of residence, and phone number. Upload a photo ID (passport, driver's license, or national ID) and proof of address (utility bill, bank statement dated within the last 90 days). Funding Pips uses automated verification; most accounts are approved within 24 hours. Non-US traders typically approve faster than US-based applicants due to regulatory complexities.

Fund Your Challenge Account

After verification, proceed to payment. Funding Pips accepts credit/debit cards, bank transfers, and e-wallets. For a 2-Step Pro $5K challenge, you'll pay $29. The $5K represents your simulated trading capital; your payment covers the evaluation period access. Complete payment, and your trading account credentials will be emailed within minutes.

Total Setup Time: 20–30 minutes

Setting Up Funding Pips for the First Time

Access Your Dashboard

Log in to your Funding Pips account portal. The main dashboard displays your current account balance, equity, used margin, profit/loss, and win rate percentage. The navigation menu on the left includes "Trading," "Account Rules," "Payout History," and "Affiliate Program." Familiarize yourself with the account rules immediately—Funding Pips enforces strict daily loss limits and drawdown requirements that differ by challenge tier.

Connect Your Trading Platform

Funding Pips supplies trading credentials (server, username, password) for your chosen platform. Most traders use MetaTrader 4 (MT4) or cTrader. To add MT4: open the platform, select "File" → "Open Account," enter Funding Pips server details, and log in with your credentials. For cTrader users, note that Funding Pips charges a $20 surcharge for cTrader access in addition to your challenge fee. If you're unfamiliar with MetaTrader, the MT4 option is cheaper and widely supported.

Review Account Rules**

Click "Account Rules" in your dashboard. For 2-Step Pro accounts, typical rules include:

• Daily loss limit: $500 (10% of $5K account)
• Maximum drawdown: $1000 (20% total)
• Minimum trading days before progression: 5
• Profit target to pass Phase 1: $1000 (20% of capital)

Screenshot these rules or save a PDF. Breaking them terminates your challenge immediately—no refunds. Beginners often underestimate how quickly a single bad trade can trigger the daily loss limit.

Customize Your Trade Settings**

In the platform settings, configure your base instrument pair, leverage (typically 1:100 for Funding Pips forex accounts), and slippage tolerance. Enable "Risk Management" alerts if available in your platform to track margin usage in real-time. Set up email notifications for drawdown warnings—this gives you a safety net before account termination.

Essential Features You Should Know

1. Paper Trading Mode**

Before risking real money, all Funding Pips challenges begin in paper trading. Your trades are simulated using live market data but no actual capital changes hands. This 5–15 day period lets you test your strategy without real loss. Paper trading results count toward your profit target and loss limits, so treat it seriously. Many traders waste paper trading days by not using a real strategy, then fail Phase 1.

2. Automated Trading Support**

Funding Pips allows Expert Advisors (EAs) and automated trading bots on MT4/cTrader. If you've built an EA using MQL4 or MQL5, you can deploy it directly on your Funding Pips account. The platform doesn't restrict algorithm types, though it prohibits strategies that exploit connectivity advantages (e.g., co-located arbitrage). This is ideal for algorithmic traders who want to test strategies at scale without personal capital risk.

3. Performance Analytics**

Your dashboard includes detailed metrics: win rate, profit factor, average win/loss, largest winning/losing trades, and trading hours. These analytics update in real-time. Use them to identify weaknesses—if your win rate is 60% but your average loss is 1.5x your average win, your risk/reward is poor. Funding Pips doesn't offer advanced analytics like Monte Carlo simulations, but the core metrics are sufficient for most traders.

4. Risk Management Tools**

The platform enforces mandatory stops and position sizing constraints based on your account size. For a $5K account, maximum loss per trade is capped relative to your daily loss limit. Funding Pips integrates position sizing calculators into most trading platforms—use them to never risk more than 2% of capital per trade. This single discipline prevents most account blowups.

5. Multi-Asset Access**

Your Funding Pips account includes approximately 48 tradable instruments across forex pairs (EUR/USD, GBP/USD, etc.), cryptocurrencies (Bitcoin, Ethereum), indices (S&P 500, DAX), metals (gold, silver), and energies (crude oil, natural gas). You cannot trade individual stocks, options, or futures, which limits strategies relying on single equities. If stock trading is critical to your approach, consider Topstep or Get Funded instead.

6. Flexible Payout Frequencies**

After passing your challenge, payouts are available weekly, bi-weekly, or monthly depending on your account tier. Withdrawals are processed within 2–5 business days via bank transfer or e-wallet. Funding Pips retains its profit share (ranging from 0–70% depending on your plan), but your portion is paid directly to you with no hidden fees.

7. Zero (Instant Funding) Program**

Skip the evaluation entirely with the Zero program at $555/month for a $100K account. You receive a 95% profit split immediately with no trading requirements. This is ideal for experienced traders who can't afford downtime waiting for challenge approval, though the higher fee means you need consistent returns to break even.

Funding Pips Pricing: Which Plan Should You Choose?

2-Step Pro $5K – $29/month

This is the cheapest entry point and best for beginners testing their first funded account. You'll need to pass two evaluation phases, each with 20% profit targets. Minimum trading days are low (5 per phase), so you can complete it quickly. The tight $500 daily loss limit means you must be disciplined. Best for: traders with positive track records on demo accounts who want to prove themselves cheaply.

2-Step Standard $5K – $36/month

Slightly higher cost than Pro, but typically features a higher daily loss limit ($600–$750 instead of $500). Same two-phase structure. The extra buffer makes it easier to recover from a bad day. Best for: traders with some live trading experience who want a bit more breathing room.

2-Step Standard $50K – $289/month

Jump to $50K capital with the same two-phase structure. Dollar values scale accordingly (daily loss limit becomes $2500, profit target becomes $10,000). This tier appeals to traders managing existing funds who want to scale into institutional-sized accounts. Best for: intermediate/advanced traders with proven strategies and capital available.

1-Step $5K – $59/month

Skip Phase 2 entirely and go live after a single evaluation period. Faster path to funded capital if you've already proven yourself on other platforms. Higher monthly cost reflects the reduced risk Funding Pips takes. Best for: traders already funded by competitors (FTMO, Topstep) who want a second account or faster progression.

Zero (Instant Funding) $100K – $555/month

The premium option: $100K account, 95% profit split, live immediately with no evaluation. Cost is steep but makes sense if your strategy generates $555+ profit per month consistently. Best for: professional traders, automated strategy operators, and those who can't afford evaluation delays.

Transparent Pricing Reality

Unlike some competitors, Funding Pips publishes all prices upfront—no hidden "monthly fees" beyond what's listed. However, if you fail a challenge, you pay again to retry. Budget 2–3 challenge attempts when starting out.

Pro Tips for Getting the Most Out of Funding Pips

1. Master Paper Trading Before Risk Capital

Paper trading at Funding Pips uses real market data and real rules—it's the closest thing to live trading without risking capital. Spend your entire paper trading period (typically 10 days) using your exact live strategy, position sizes, and entry/exit logic. Too many traders skip this phase, then panic when real capital is on the line.

2. Use the 2% Rule Religiously

Never risk more than 2% of your account on a single trade. On a $5K account, that's $100 max risk. On a $50K account, $1000 max. Use the position sizing calculator in your platform every single time. This rule is the difference between sustainable trading and blowups.

3. Exploit the Affiliate Program**

Funding Pips offers up to 10% commission on referrals—if you refer a trader who pays $29 for a 2-Step Pro account, you earn $2.90; if they pay $555 for Zero funding, you earn $55.50. Build a Telegram or Discord community around your strategy and refer traders. This passive income can offset your monthly challenge fees.

4. Track Every Trade in a Spreadsheet**

Export your trade history weekly and log entry/exit prices, profit/loss, and reasoning. Review losing trades to identify patterns. Funding Pips dashboards show stats, but only a personal log reveals *why* you're losing. This discipline compounds over time into consistent profitability.

5. Avoid cTrader Unless Essential**

The $20 cTrader surcharge adds up—$240 annually. MT4 is free and fully supported. Only use cTrader if your EA or strategy specifically requires it. Most traders switching from other platforms can adapt to MT4 in a week.

6. Set Profit Targets, Not Just Loss Stops**

Funding Pips accounts terminate when you hit the daily loss limit but don't have a ceiling on wins. Set a daily profit target (e.g., +$200) and stop trading for the day after hitting it. This prevents emotional overtrading and protects your gains.

7. Use Account Rules as Guardrails, Not Suggestions**

If your challenge specifies $500 daily loss limit, treat it as $400. Use the first $100 as a safety margin. Traders who trade right up to the limit blow accounts chasing recoveries. Conservative position sizing wins funding more than aggressive scaling.

Common Funding Pips Issues and How to Fix Them

Issue 1: Account Terminated Due to Daily Loss Limit

Solution: You hit the daily loss limit ($500 on a 2-Step Pro $5K) and lost access. To prevent this: (a) reduce your position sizes—2% risk per trade means a losing streak of 5 trades loses only 10% of capital; (b) take a break after 3 consecutive losses and review your strategy before continuing; (c) use stop-losses on every trade with no exceptions. If terminated, retry with the next challenge payment ($29 again) or step back and rebuild your strategy on demo MT4 first.

Issue 2: Platform Connection Drops or Slippage Fills Worse Than Expected

Solution: Funding Pips uses standard MT4/cTrader connections—if you're experiencing disconnects, check your internet first (use a wired connection instead of WiFi). For slippage on fast-moving pairs (EUR/USD, GBP/USD during London/US open), increase your slippage tolerance in platform settings or trade only major pairs with tight spreads. Funding Pips servers are stable; slow connections are the usual culprit.

Issue 3: Profit Target Seems Impossible**

Solution: On a 2-Step Pro $5K, Phase 1 profit target is $1000 (20% return). This feels steep initially, but break it into daily targets: ~$100/day over 10 trading days. This is achievable with 2–3 winning trades of +$50–$100 each. The issue is often position sizing—traders use 1% risk per trade expecting 20% monthly returns, which requires a 20-win streak. Use 2% risk or increase daily trades to 5–10 per day. Consistency over size wins.

Issue 4: Withdrawal Takes Longer Than Promised**

Solution: Standard processing is 2–5 business days. If it's taking longer: (a) check your account settings—ensure your payout method is correctly registered; (b) contact support via your dashboard—delays sometimes occur during high payout volumes (month-end); (c) choose weekly payouts instead of monthly to reduce queue times. Funding Pips doesn't charge withdrawal fees, so the hold-up is usually processing, not policy.

Is Funding Pips Worth It? Our Verdict

Funding Pips delivers legitimate value for traders seeking affordable funded accounts with flexible profit splits. At $29/month entry for a $5K challenge, the barrier to entry is lower than FTMO ($165) or Topstep, making it ideal for traders testing their first funded account. The 4.3/5 Trustpilot rating from 43,000+ reviews provides confidence in payouts, and the $200M+ distributed profits confirm the firm has capital. Features like paper trading, automated trading support, and comprehensive analytics solve real trader problems. However, the limited instrument set (~48) excludes stock traders, and the lack of a native mobile app means you're tied to platform clients. Best for forex and crypto traders wanting to launch a funded account without risk capital. Not the right fit if you trade individual stocks or need maximum platform flexibility—look elsewhere instead.