Funding Pips: rules, terms and fine print

Where the money is real, and where it is not

• The challenge account is simulated. The firm describes the challenge account as simulated, not as trading with the firm's capital.
• Your fee is real money, and it is spent. The evaluation fee (plus any reset, renewal or activation fee) leaves your bank account. If you fail, it is normally not refunded.
• A payout is real money, but it is a promise. Profits earned on the simulated account are paid from the firm's own funds, and every firm reserves discretion over payouts and account closure in its terms.
• Nobody independent verifies payouts. For most firms we found no certified third-party record of what was actually paid. Only the firm's own pages and trackers of unknown method.

What you are buying

Help centre: 'Every FundingPips account runs on simulated capital with real cash rewards.' Homepage: 'Trade in a fully simulated environment'. Terms s.9 'Rules of Demo/Simulation Trading'; fees 'for evaluation purposes only'. Terms s.15: reward 'not considered a liability' of FundingPips; payment claims excluded.

Entity: FundingPips Corp, limited liability company, Comoros Union, company no. HY01223081, Bonovo Road, Fomboni, Moheli; holds an "International Brokerage and Clearing House License" (IBC Regulation Act 2014, Licence No. Bfx2024004) but states it does not conduct brokerage or offer real trading accounts. Registered address: Premises 19948-001, IFZA Business Park, DDP Dubai, UAE. Related non-operational entity: FundingPips Services Ltd, Cyprus (HE 450941), Nicosia; office at Bay View Tower, Business Bay, Dubai. source

Regulation: Site footer: FundingPips Corp holds a Comoros "International Brokerage and Clearing House License" (No. Bfx2024004) but "does not conduct brokerage services or offer real trading accounts on this website"; services limited to simulated trading programs. Terms: services are not investment services. No EU/UK/US regulator licence named. Comoros (Moheli) licences are not recognised financial-services authorisation in the EU.

Targets and limits as published

Percentages are of the starting balance. "n/v" = not verified. List prices are in the next section.

List prices read on 9 Oct 2026

List prices before promotions, read from the firm's own pages. Promotions change them often. Refund and reset rules differ by firm: see the fine print below.

How rewards are paid

• First payout: 2 Step Standard: 7 days after first executed trade on Master (weekly 60%) or 14 days (80%); 2 Step Pro: 7 days (80%); 1 Step Flex and 2 Step Flex: 14 days (80%); monthly 100% option every 30 days; On Demand (Standard) anytime with conditions. Processing 1-3 working days after request.
• Minimum: 1% of Master account size (official); Rise and bank transfer $500 minimum
• Frequency: Model-dependent: 1 Step Flex bi-weekly 80% / monthly 100%; 2 Step Standard weekly 60%, bi-weekly 80%, on demand 90%, monthly 100%; 2 Step Pro weekly 80% / monthly 100%; 2 Step Flex bi-weekly 80% (95% add-on) / monthly 100%; Zero bi-weekly 95%
• Independent proof: No certified aggregator. PropFirmMatch lists 146,706 tracked payout records totalling $156.6M (largest $58,320; 365-day view), verification method not stated. Official rewards page self-reports $331M+ "total rewards since 2022" by continent (Europe $117M). No news-outlet audit found.

Homepage self-reports 70,242 reviews (4.8) and $318M-$331M+ rewards (sample/audit method not stated). PropFirmMatch shows 146,706 tracked payout records ($156.6M, 365-day view) without a stated verification method. Searches (lawsuit / regulator / CFTC / warning / shut down / complaint) on 2026-10-09 returned only Forex Peace Army user threads (device-ID bans, inactivity closures, payout denials); no regulator action or court case against FundingPips found.

Rules and clauses that decide outcomes

• Discretion / termination. Terms s.9(d)-(e): company decides 'at its own discretion' what is a Forbidden Trading Practice; may terminate, stop all services, deduct trades, restrict, with no compensation or refund. s.18: may terminate 'without notice' if it 'suspects' non-compliance. s.3: 'refuse service to anyone for any reason at any time'. source
• Reward withholding / no liability. s.12: periodic risk and compliance reviews (monthly, weekly or daily); 'we reserve the right to withhold remuneration until the risk assessment is satisfactorily completed'; refusing mandatory interviews may mean withheld remuneration and termination. s.15: rewards 'not considered a liability'; claims 'expressly excluded'. source
• Prohibited methods. s.9(b): gap trading, HFT, toxic flow, server spamming, latency arbitrage, hedging, long-short and reverse arbitrage, tick scalping, server exploits, opposite-account trading, churning and burning. Third-party EA allowed only as trade/risk manager. source
• Hedging. Listed as prohibited in s.9(b) without defining single-account hedging; Appendix B prohibits opposing positions across accounts/firms and hedging across individuals. source
• Risk behaviour clauses. Opening substantially larger or smaller positions or numbers of positions than usual, 'purposely trading news events', gambling behaviour, over-leveraging, overtrading, trading illiquid hours: all prohibited (s.9(b)). Responsible Trading Policy: 'not risk more than 1% per trade'; largest loss should not exceed 1%. source
• Previous accounts / churning. Appendix A: performance across previous accounts 'may be considered when determining the conditions applicable to any new Account'; 'repeated rapid account failures' and 'churning' flagged. source
• News trading (evaluation). Holding allowed in evaluation, but purposely trading news is prohibited in evaluation and Master and 'will lead to account closure'. source
• News trading (Master). On 1 Step Flex / 2 Step Standard / Flex / Pro Master: profits from trades opened/closed within 5 min before/after restricted news or speech are deducted (5-hour swing exception); soft breach. source
• News trading (Zero). Holding, opening or closing within 10 min either side of restricted news/speeches 'will result in account closure'. source
• Weekend / overnight. Allowed in evaluation. On Master accounts overnight and weekend holding not allowed; system auto-closes all positions daily (about 20:45-21:00 UTC summer) unless Swing add-on bought. Zero: any open position into the weekend means immediate termination. source
• Zero consistency / activity. Terms s.8(d): 7 profitable days of at least 0.25% per 30-day period or account closed. Trailing equity max loss 5% until 5% profit. source
• Inactivity. s.9(a): account cannot be inactive for more than 30 calendar days (no trade executed). source
• Daily loss measurement. s.8(b): based on higher of equity or balance at 00:00 CEST/server time; max loss must not be exceeded 'at any given moment'. source
• Copy trading. Copying between different users' accounts, inbound copying from external providers and third-party management prohibited; copying between own FundingPips accounts and from a FundingPips master to an external slave permitted. source
• EAs. Third-party EAs permitted only as trade/risk manager; other use leads to denied evaluation or reward and account closure. Personal-EA full-automation exception requires proof of ownership (details collapsed on page). source
• IP / VPN / VPS. Region of IP must stay consistent; changes may require proof (boarding pass, passport stamp, live video). VPN/VPS not permitted. Multiple email registrations prohibited (s.14(c)); one registration per person (s.6). source
• Refund. 'ALL PAYMENTS ARE FINAL': no refund of registration fees because the service is delivered at purchase. Exception: 4th Master reward refund on 2 Step Standard only. source
• Payment disputes. s.19: account(s) tied to a disputed order are banned, with no unban; user barred from future accounts and other active accounts closed. source
• Confidentiality of communications. s.22: all communications with the company are confidential; disclosing them 'may result in immediate termination'. source
• Prime Account auto-grant. s.1(f): company may grant Prime Account access at its sole discretion; access is 'deemed automatically accepted... mandatory'. source
• Price and service changes. s.5: prices change without notice; company may modify or discontinue services without notice; 'reserves the right to cease operations at any time'. source
• Legal venue. Laws and courts of Dubai (s.24). source
• Device ID (CID) closures (user claim). Forum user alleges $1,700 payout denied and 50k master account closed for 'shared CID'; no firm reply shown. source
• Max lot. No maximum lot size per ticket found on official Terms, Appendix B, Trading Conduct article or product pages read; Appendix B s.7 prohibits "substantially all available margin" on one outcome and concentrated exposure. Secondary claims (20 lots/ticket) not confirmed. source
• Appendix B structure. Prohibited Trading Practices in 11 headings: pricing/execution error exploitation; HFT, tick scalping, server abuse; hedging across individuals/accounts/firms; third-party account access; EAs (no coordinated/copied trading across unrelated traders); news, gap and illiquid-hours; excessive risk and concentrated exposure; trading behaviour; gambling/churning/"fullporting"; risk and compliance reviews; actions following a violation (warning, restriction, profit removal, disqualification, declining reward requests, suspension/termination). source
• Jurisdiction restrictions (footer). Site footer: services not offered to residents of countries on FATF and EU/UN sanctions lists, Vietnam and the UAE. source

Legal, regulatory and closure events

• 2026-01 to 2026-09. User allegations of account closures for shared device ID (CID) and payout denial; repeated Trustpilot complaints per affiliate review. Outcome: No firm response shown; unverified. source
• 2026-10 (forum, relative date). Forex Peace Army user alleges account 12267968 closed for a 30-day inactivity breach without warning email; user cites a firm Trustpilot reply that the inactivity rule applies regardless of dashboard "Active Trader" status. Outcome: No firm reply in thread; unverified. source

Search done on 9 Oct 2026. An empty list means nothing found in that search.

Funding Pips: common questions

Is Funding Pips a real-money account?

Help centre: 'Every FundingPips account runs on simulated capital with real cash rewards.' Homepage: 'Trade in a fully simulated environment'. Terms s.9 'Rules of Demo/Simulation Trading'; fees 'for evaluation purposes only'. Terms s.15: reward 'not considered a liability' of FundingPips; payment claims excluded.

Is Funding Pips regulated?

Site footer: FundingPips Corp holds a Comoros "International Brokerage and Clearing House License" (No. Bfx2024004) but "does not conduct brokerage services or offer real trading accounts on this website"; services limited to simulated trading programs. Terms: services are not investment services. No EU/UK/US regulator licence named. Comoros (Moheli) licences are not recognised financial-services authorisation in the EU.

Is Funding Pips available in Italy?

Italy is not listed on the restricted list we read. Official site footer (2026-10-09): services not offered to residents of countries on FATF and EU/UN sanctions lists, Vietnam, and the UAE; no full published list. Italy and EU states are not excluded by that wording; help centre claims 195+ countries. Value "yes" means not listed as restricted, not an explicit statement that Italy is served.

What we read, and what is missing

• FundingPips Terms & Conditions (official, effective 2026-05-15) open
• FundingPips help: Compare Account Models (official) open
• FundingPips help: Get Started (official) open
• FundingPips help: News Trading & Weekend Holding (official) open
• FundingPips help: Trading Conduct and Security Standards (official) open
• FundingPips help: Reward Methods (official) open
• FundingPips help: 2 Step Standard (official) open
• FundingPips help: Responsible Trading Policy (official) open
• FundingPips homepage (official, self-reported stats) open
• FundedTrading FundingPips review (affiliate, secondary) open
• ProPTradingVibes FundingPips rules (secondary) open
• CryptoSlate FundingPips (secondary) open
• Forex Peace Army user thread (allegation) open
• FundingPips homepage footer: corporate entities, Comoros licence, jurisdiction restrictions (official) open
• FundingPips 2 Step Standard product page (official prices) open
• FundingPips 2 Step Pro product page (official prices) open
• FundingPips 2 Step Flex product page (official prices, 8% Phase 2) open
• FundingPips 1 Step Flex product page (official prices via size tabs) open
• FundingPips Zero product page (official prices) open
• FundingPips rewards page (official, self-reported totals since 2022) open
• FundingPips help: 1 Step Flex (official reward cycles) open
• FundingPips help: 2 Step Pro Model (official reward cycles) open
• FundingPips help: FundingPips Zero (official) open
• FundingPips Terms Appendix B (official, read in full via browser) open
• PropFirmMatch Funding Pips payouts (aggregator, verification method not stated) open
• Forex Peace Army user thread, inactivity termination (allegation) open

Not verified: Primary-sourced from fundingpips.com and help.fundingpips.com: legal entities, registration and Comoros licence numbers, addresses, simulated nature, all prices per size per model, targets, loss limits, drawdown type, min days, leverage, reward cycles and first-payout timing per model, reward methods/minimums/processing, news/weekend rules, prohibited strategies (Appendix B headings read in full), EA/copy/IP/VPN rules, refund and dispute clauses, jurisdiction restrictions. Still open: founding year is inferred from "rewards since 2022" (no explicit statement); 2 Step Flex Phase 2 target conflict (product page and help table 8% vs Terms s.8(c) 6%) is documented but not resolved by the firm; max lot per ticket not published; no full restricted-country list beyond sanctions lists, Vietnam and UAE; no certified or audited third-party payout data; forum allegations unverified; executives not named on official pages read.

Rules change. Confirm on the firm's site before you pay. Education only, not investment advice. How we check · Corrections