Funding Pips built its name on two things: the cheapest evaluations in the market and payouts you can schedule weekly, bi-weekly, monthly or on demand. We read every model's rulebook, priced the ladder of reward cycles against the same $8,000 of profit, and dug into a Trustpilot profile that slipped from 4.8 to 4.5 this year. Independent, no affiliate deal.
Written by Wesley, Founder & CEO·Reviewed by The Forex Complex trading team·Last updated 9 October 2026
Funding Pips is the value pick of the big firms, and the one where your payout cycle is a real decision rather than a default. A $100,000 2-Step evaluation cost $399 when we last read the table, a third less than FTMO, with the same 5 percent daily and 10 percent static loss limits, no time limit, and the option to take 8 percent rather than 10 in phase one. Then you choose how to be paid: weekly at 60 percent, bi-weekly at 80, monthly at 100, or on demand at 90. Payouts to card are supported in the UK.
Two things keep it below the leaders. The fee is not refunded, so a cheap evaluation is still money gone if you fail. And the rulebook has sharp edges that catch good traders: a 3 percent maximum loss per trade idea on the funded account, a news rule that voids profits within 5 minutes of red-folder releases, and frequent model changes. Trustpilot slipped from 4.8 to 4.5 in 2026 on complaints about exactly those things. Cheap, fast and fair on the numbers; demanding on the details.
Planning to take a prop firm challenge?
Join our Telegram group for forex market updates and risk-aware trade ideas.
| Pros | Cons |
|---|---|
| Among the cheapest evaluations anywhere: $100k 2-Step at $399 when last checked | Fees are not refunded, even when you pass |
| Choose your payout cycle: weekly, bi-weekly, monthly or on demand | Weekly cycle pays only 60 percent; 100 percent requires monthly |
| Standard limits on the 2-Step: 5 percent daily, 10 percent static, no time limit | 3 percent maximum loss per trade idea on the funded Master account |
| Phase 1 target choice of 8 or 10 percent; only 3 minimum days per phase | Profits within 5 minutes of red-folder news voided unless opened 5 hours earlier |
| Pay to Card rewards supported in the UK; crypto with no minimum | Trustpilot down from 4.8 to 4.5 in 2026; complaints about Prime upgrades and support |
| Raw spreads, 1:100 forex leverage, FX, metals, indices, energies, crypto | Website blocks automated checks, so third-party data is often stale |
| $300M+ paid and a stated Zero Reward Denial Policy | Simulated accounts, Dubai and Comoros entities, no FCA protection |
Four models, all with no time limit and all measuring the daily loss against the higher of your starting equity or balance for the day. The numbers come from the firm's own help-centre articles for each model.
| Model | Profit target | Daily loss | Max loss | Min days | Consistency |
|---|---|---|---|---|---|
| 2-Step | 8% or 10%, then 5% | 5% | 10% static | 3 per phase | None (3% per-trade cap on Master) |
| 1-Step | 10% | 3% | 6% static | 3 | None |
| 2-Step Pro | 6% then 6% | 3% | 6% static | 1 per phase | 35% only if you add the Daily reward cycle |
| Zero (instant) | None | 3% | 5% trailing, locks at initial size after 5% profit | None | 15% consistency score to request a reward |
The 2-Step lets you pick your phase-one target. Take 8 percent; the lower bar costs you nothing on the funded account.
Higher of starting equity or balance, including floating P&L, reset at 00:00 GMT+2. 5 percent on the 2-Step, 3 percent elsewhere.
Static on the challenge models. Zero uses a 5 percent trailing limit that locks at the starting balance once you are 5 percent up.
Only Funding Pips has this: on the funded account no single trade idea, including split entries, may lose more than 3 percent of the initial size. A hard breach.
Two rules you will not see in the headline table. News: in evaluation you may hold through news but "purposely trading news is prohibited"; on the Master account, profit from any trade opened or closed within 5 minutes either side of a red-folder event on the affected currency is not counted unless the trade was opened at least 5 hours earlier, and this applies to pending orders, stop losses and take profits too. Traders on the On Demand cycle are exempt. Weekend holding is allowed everywhere. A failed phase can be reset at a discount within 7 days.
Follow market updates and trade ideas designed to respect drawdown limits.
At Funding Pips the reward cycle you pick at checkout sets your split. Faster cycles cost you share. Here is $8,000 of profit on a $100,000 Master account under each rung, then the drawdown arithmetic that decides whether you ever get there.
Weekly payouts sound like the premium option and are actually the discount one: you hand back 40 percent of every dollar for the privilege of being paid every seven days. Monthly pays everything but asks you to hold a $100,000 simulated account through a whole month of rules. On Demand is the sleeper: 90 percent, request whenever you like, and the news restriction does not apply to you.
The drawdown side is standard for the 2-Step, 5 percent daily and 10 percent overall, with one twist. On the Master account no trade idea may lose more than 3 percent, and Funding Pips counts split entries on the same idea together. At 1 percent risk you are safe; at 3 percent you are one slip from a hard breach. Model it in our drawdown calculator and position size calculator, and use the consistency calculator if you are considering Zero's 15 percent rule.
Avoiding rule violations starts with position sizing
Avoiding rule violations starts with position sizing and disciplined trade selection. Use The Forex Complex signals as one part of your trading plan.
Funding Pips' website blocks automated price checks, so this table shows the list prices we could last read directly from fundingpips.com on 18 May 2026. Treat them as indicative and confirm in the live checkout; the firm runs promotions constantly.
| Account size | Price last read (2-Step Pro card) | Daily loss (2-Step, 5%) | Max loss (2-Step, 10%) | Per-trade cap on Master (3%) |
|---|---|---|---|---|
| $5,000 | $29 | $250 | $500 | $150 |
| $10,000 | $55 | $500 | $1,000 | $300 |
| $25,000 | $109 | $1,250 | $2,500 | $750 |
| $50,000 | $219 | $2,500 | $5,000 | $1,500 |
| $100,000 | $399 | $5,000 | $10,000 | $3,000 |
| $200,000 | $798 | $10,000 | $20,000 | $6,000 |
Access to the evaluation on a simulated account, the dashboard and the reward programme. Funding Pips' legal text is direct: program fees "are not deposits", are "non-refundable once paid, except where required by applicable law", and "do not earn interest, returns, or profit sharing". Unlike FTMO or FundedNext, passing does not get your fee back. Swap-free accounts add 10 percent; the instant Zero model starts at $20.
Fees are in US dollars. Rewards can go straight to a UK-issued Visa or Mastercard through Pay to Card, to USDT or USDC with no minimum, or via Rise. Standard processing takes up to 3 working days for compliance, after which card payments are typically instant or within 30 minutes.
Weekly 60 percent, bi-weekly 80 percent, monthly 100 percent, on demand 90 percent. On the 2-Step Pro, adding the Daily cycle also adds a 35 percent consistency rule to the evaluation phases.
Daily and maximum loss as in evaluation, plus the 3 percent per-trade cap and the news window unless you chose On Demand.
KYC on the first request. Rewards can also be used to buy a new challenge or moved to a Tradin account.
The firm's "Zero Reward Denial Policy" is the promise; the one-star reviews are where to read how disputes about news trades and Prime upgrades have gone.
MT5 is confirmed in the firm's help centre; cTrader and Match-Trader are reported by independent listings. There is no MT4. Prime accounts run through the firm's partner broker with leverage up to 1:2000.
Raw spreads across the board. Indices and oil are commission-free; forex, metals and crypto carry commissions that vary by model.
Yes. Funding Pips does not serve residents of countries on the FATF and EU or UN sanctions lists, Vietnam or the UAE, but the United Kingdom is served, and the UK is explicitly named among the regions where rewards can be paid directly to a Visa or Mastercard.
The firm's own legal text says every account is "a demo account operating exclusively in a simulated trading environment" and that Funding Pips does not "act as a broker, custodian, or financial intermediary". The Trustpilot profile gives a Dubai free-zone address; the legal footer also names a Comoros registration and a Cyprus services company. None of this is unusual for a prop firm, but it does mean the FCA's retail CFD protections (PS19/18) do not apply, the firm is not on the FCA Register, and a dispute is a contract matter rather than one for the Financial Ombudsman. Read the FCA's note on high-risk investments first, and treat rewards as contractor income for tax purposes; check with an accountant or HMRC.
Funding Pips wins on entry price and payout flexibility, loses on fee refund and predictability. Same-size 2-step products compared.
| Firm | Daily / max loss | Split | Fee refund | $100k 2-step list price | Our review |
|---|---|---|---|---|---|
| Funding Pips | 5% / 10% static | 60% to 100% by cycle | No | $399 (18 May 2026) | This page |
| FTMO | 5% / 10% static | 80% to 90% | Yes | €540 | FTMO review |
| FundedNext | 5% / 10% static | 80% to 95%, plus 15% of target | Yes | $549.99 | FundedNext review |
| Goat Funded Trader | 5% / 10% static | 80% (100% add-on) | Yes | $438 | Goat Funded Trader review |
Full ranking on our best prop firms UK page, or start with how to compare prop firms safely.
Cost-conscious forex traders who want standard 2-step limits at a discount and care about how often they are paid.
Avoid it if you want your fee back on passing, if you trade the news candle, if you pyramid into a single idea beyond 3 percent risk, or if you would rather have one stable rulebook than a menu that changes. Avoid Zero unless a trailing limit and a 15 percent consistency rule genuinely suit you.
8 then 5 with no time limit and only 3 minimum days per phase. As fair as the mainstream gets.
The 3 percent per-trade cap, the news window and frequent model changes are where experienced traders get caught.
Choose your cycle, request from the dashboard, card or crypto within 3 working days. The cost is in the split, not the process.
For traders who want the fee refunded and a 15 percent reward on the challenge itself.
Read the review →For traders who will pay more for the longest operating history in this comparison and the clearest rulebook.
Read the review →For patient traders who prefer a scaling-first model over a large upfront account.
Read the review →Comparing prop firms? Join our Telegram group to see how our forex signals fit different trading rules.
Our free Telegram signals give you an entry, a stop loss and staged targets with the reasoning. On Funding Pips the stop loss does double duty: it sizes you against the daily limit and it proves you are inside the 3 percent per-trade cap on the Master account.
"Funding Pips is where I send people who want to try a prop firm without spending real money on the ticket. Twenty-nine dollars for a five thousand dollar evaluation is close to free. What I tell them next is the bit they skip: the weekly cycle is a 40 percent pay cut, the three percent per-trade rule is the one that ends funded accounts, and if you are going to trade around news, pick On Demand and let the rule not apply to you. Read the model page for the exact account you are buying, not the homepage, because they change things."
Every firm is scored out of 10 on nine criteria: forex trader suitability, challenge fairness, cost transparency, payout reliability, rule clarity, platform support, UK accessibility, risk management fit and support quality. The overall score is the average. We read the firm's own rules, terms and help centre, check its Trustpilot profile and complaint themes, and re-verify on the date shown at the top. Where a firm's site blocks automated checks, as Funding Pips' does, we say so and date the figures. We hold no affiliate or referral relationship with Funding Pips or any firm reviewed here.
Funding Pips 2 Step Model · 1 Step Model · 2 Step Pro · FundingPips Zero · news and weekend rules · managing your rewards · help centre · Trustpilot · FCA PS19/18 · FCA Register · HMRC
Founded The Forex Complex in 2021 after several years trading forex independently. Leads the daily signals review and weekly live streams for a community of 325,000+ traders.
Yes. Funding Pips reports more than $300 million paid to traders, operates a stated Zero Reward Denial Policy, and holds a 4.5 TrustScore from over 69,000 Trustpilot reviews with 82 percent five-star. Payouts go to card via Pay to Card (UK supported), to USDT or USDC with no minimum, or via Rise, with standard processing of up to 3 working days. The 8 percent one-star reviews centre on news-rule enforcement and support speed rather than outright non-payment.
There is no evidence of that. Between May and September 2026 the firm's Trustpilot review count grew from about 55,000 to over 69,000, its reported payouts rose from $250 million to over $300 million, and its website, help centre and Discord remain active. The question circulates because Funding Pips changes its models and rules often and because its website blocks automated tools, which makes it look unreachable to some checkers.
FTMO is the more established and more predictable firm, with a decade-long payout record and one clear rulebook. Funding Pips is far cheaper to enter, offers weekly and on-demand reward cycles and a 100 percent split option, and has no time limit either. Choose FTMO if reputation is your first filter; choose Funding Pips if cost and payout frequency matter more and you can live with a longer rulebook.
They are close competitors. FundedNext pays a 15 percent reward on the challenge target and refunds its fee; Funding Pips charges less up front, does not refund the fee, and lets you choose a reward cycle from weekly to on demand. FundedNext's Trustpilot score is 4.5 from 82,126 reviews, Funding Pips is 4.5 from 70,830. If you want the refund and the challenge reward, FundedNext; if you want the lowest fee and faster cycles, Funding Pips.
The 2-Step model asks for 8 or 10 percent in the Student phase (your choice) and 5 percent in the Practitioner phase, with 3 minimum trading days per phase, a 5 percent daily loss limit, a 10 percent static maximum loss and no time limit. The 1-Step asks for 10 percent with a 3 percent daily and 6 percent maximum loss. The 2-Step Pro asks 6 percent then 6 percent with a 3 percent daily and 6 percent maximum loss. On the funded Master account a 3 percent maximum loss per trade idea also applies.
Funding Pips measures the daily loss limit against the higher of your starting equity or balance for the day, including floating profit and loss, and resets it at 00:00 platform time (GMT+2). The limit is 5 percent on the 2-Step, 3 percent on the 1-Step, 2-Step Pro and Zero models. Breaching it closes the account.
You choose a reward cycle when you buy: weekly at a 60 percent split, bi-weekly at 80 percent, monthly at 100 percent, or on demand at 90 percent. Requests are made from the dashboard and paid to a Visa or Mastercard via Pay to Card, to USDT or USDC on ERC20 or TRC20 with no minimum, or via Rise. Standard processing is up to 3 working days, after which card payments are typically instant. On the 2-Step Master account each trade idea is capped at a 3 percent loss.
Funding Pips is one of the cheapest firms to enter. When we last read the price table the $5,000 account was $29, $10,000 was $55, $25,000 was $109, $50,000 was $219, $100,000 was $399 and $200,000 was $798, with a swap-free option at plus 10 percent and the instant Zero model from $20. Fees are one-time and, per the firm's legal text, not refundable. Check the live checkout, as prices move.
Yes. Funding Pips excludes countries on FATF and EU or UN sanctions lists, plus Vietnam and the UAE, but not the United Kingdom, and the UK is explicitly listed among the regions supported for Pay to Card rewards. As with every prop firm, accounts are simulated, the firm is not a broker and it is not FCA-authorised, so FCA retail protections do not apply.
As one input, yes. Every Forex Complex signal carries a stop loss, which makes sizing against the 5 percent daily and 10 percent maximum loss straightforward, and against the 3 percent per-trade cap on the Master account. Two Funding Pips rules matter: purposely trading news is prohibited, and on the Master account profits within 5 minutes of red-folder news do not count unless the trade was opened 5 hours earlier. No signal service can guarantee you will pass or be paid.
Risk disclaimer: Prop firm evaluations involve a non-refundable fee and trading on simulated accounts. Trading forex and CFDs carries a high level of risk, and most retail traders lose money. Nothing on this page is financial, investment or tax advice, and no signal service, including ours, can guarantee that you will pass an evaluation or receive a payout. Funding Pips changes its models, rules and prices often and its website blocks automated checks; rules here were verified against the firm's own help-centre articles and prices were last read on 18 May 2026. The firm's own pages take precedence. The Forex Complex has no affiliate or referral relationship with Funding Pips.
Join Telegram
Free forex, gold, crypto, stock and indices signals, a free 10-hour course and 14 trading calculators, run from the UK by a named team.
Join Our Free Group
Free to join. Signals, course and community cost nothing; we are paid by the broker we recommend.
Twitter