Funded Pips Review 2026: Is It Worth It? Honest Breakdown
Funded Pips has rapidly emerged as one of the most talked-about proprietary trading firms in the retail trading community. With competitive pricing, straightforward evaluation rules, and a growing track record of timely payouts, it has attracted thousands of traders looking for an affordable path to funded trading.
But is Funded Pips actually worth your money in 2026? In this comprehensive review, we break down absolutely everything you need to know: the evaluation structure, the costs, the profit split, the payout process, the rules, the pros, the cons, and our honest verdict on whether this firm deserves your evaluation fee.
What Is Funded Pips?
Funded Pips is a proprietary trading firm that provides traders with simulated funded accounts after they pass a structured evaluation process. Like other prop firms in the industry, the basic model is straightforward: you pay an evaluation fee, trade a demo account following specific rules, and if you hit the profit target without violating the drawdown limits, you receive a simulated funded account and keep the majority of the profits you generate.
The company has positioned itself as a budget-friendly alternative to premium firms like FTMO and FundedNext, offering lower evaluation fees without dramatically reducing the quality of the trading experience.
Funded Pips Evaluation Structure
Funded Pips offers multiple evaluation programs to accommodate different trading styles and risk preferences. Here is a breakdown of their primary evaluation options:
Standard 2-Phase Evaluation
Phase 1 (The Challenge):
- Profit target: 8%
- Maximum daily drawdown: 5%
- Maximum overall drawdown: 10%
- Minimum trading days: 5
- Time limit: 30 calendar days
Phase 2 (Verification):
- Profit target: 5%
- Maximum daily drawdown: 5%
- Maximum overall drawdown: 10%
- Minimum trading days: 5
- Time limit: 60 calendar days
These rules are essentially identical to what FTMO and MyFundedFX offer, making Funded Pips directly comparable to the industry standard. The key differentiator is pricing, not rule structure.
1-Phase Evaluation
Funded Pips also offers a single-phase evaluation for traders who want faster funding:
- Profit target: 10%
- Maximum daily drawdown: 4%
- Maximum overall drawdown: 6%
- Minimum trading days: 5
The 1-phase option has slightly tighter drawdown rules as a trade-off for eliminating the second verification phase. This is better suited for experienced traders with proven strategies.
Funded Pips Pricing
One of Funded Pips' biggest selling points is their competitive pricing. Here is how their evaluation fees compare:
| Account Size | Funded Pips Fee | FTMO Fee | Savings |
|---|---|---|---|
| $10,000 | ~$80 | ~$155 | ~48% |
| $25,000 | ~$150 | ~$250 | ~40% |
| $50,000 | ~$250 | ~$345 | ~28% |
| $100,000 | ~$450 | ~$540 | ~17% |
The savings are most significant on smaller account sizes, which is exactly where beginners typically start. If you are planning to attempt multiple evaluations as you develop your skills, the lower per-attempt cost adds up significantly over time.
Funded Pips also periodically runs discount codes and promotional pricing events. Check their website for current offers before purchasing.
Funded Pips Profit Split
Funded Pips offers a competitive profit split structure:
- Standard profit split: 80%
- With scaling: Up to 90%
The 80% base split is in line with industry standards set by FTMO. The scaling plan rewards consistently profitable traders with a higher profit percentage and increased account size over time.
To qualify for scaling, you typically need to achieve a certain percentage return over a set number of payout cycles while maintaining clean trading discipline (no drawdown violations, consistent trading pattern).
Payout Process and Speed
The payout experience is arguably the most important factor when evaluating any prop firm. Here is how Funded Pips handles payouts:
- Payout frequency: Bi-weekly (every 14 days)
- Minimum withdrawal: Varies by account size
- Payout methods: Bank transfer, cryptocurrency, Payoneer
- Processing time: Typically 1 to 3 business days
Funded Pips has maintained a generally solid payout record. The majority of traders report receiving their payouts within the promised timeframe. Some traders have reported occasional delays during high-volume payout periods, but these appear to be exceptions rather than systemic issues.
For verified payout evidence, check our article on Funded Pips Payout Proof.
Trading Rules and Restrictions
Understanding the fine print is critical before committing to any prop firm evaluation.
Leverage
Funded Pips provides leverage of up to 1:100 on forex pairs. This is standard for the industry and provides more than sufficient margin for conservative prop firm trading strategies.
Tradeable Instruments
You can trade forex pairs, indices, commodities, and cryptocurrencies on Funded Pips accounts. The instrument selection is comprehensive enough for most retail trading strategies.
News Trading
Funded Pips allows news trading on most evaluation types. However, it is always worth confirming the latest policy on their website, as news trading restrictions can change between evaluation programs and updates.
Weekend and Overnight Holding
Positions can generally be held overnight and over weekends, though swap fees apply. If you are a swing trader, verify the specific rules for your evaluation type.
Expert Advisors and Copy Trading
Funded Pips allows the use of Expert Advisors (EAs) and automated trading strategies. Copy trading from your own signals is also permitted. However, copying trades from third-party signal services may be restricted.
Funded Pips Pros
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Competitive pricing. Among the most affordable evaluation fees in the prop firm industry, especially for smaller account sizes.
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Standard industry rules. The 8%/5% profit targets and 5%/10% drawdown limits are identical to FTMO, making it easy to compare and switch between firms.
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Multiple evaluation types. The 1-phase and 2-phase options give traders flexibility to choose the evaluation structure that matches their trading style.
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Reasonable profit split. 80% base with scaling to 90% is competitive and rewards consistent performance.
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Growing reputation. While newer than some competitors, Funded Pips has built a positive track record with thousands of funded traders.
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Good customer support. Multiple support channels including live chat and email, with generally responsive resolution times.
Funded Pips Cons
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Newer firm. Founded more recently than industry stalwarts like FTMO, which means less historical data on long-term reliability.
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Limited educational resources. Unlike FTMO which provides extensive trading analytics and educational content, Funded Pips focuses primarily on the evaluation platform itself.
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Occasional payout delays. Some traders have reported delays during peak periods, though these appear to be infrequent.
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Tighter drawdown on 1-phase. The 4% daily and 6% overall drawdown on the 1-phase evaluation is significantly tighter than the standard 2-phase option, catching some traders off guard.
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Less comprehensive dashboard. The trading dashboard and analytics tools are functional but less detailed than what FTMO provides.
How to Pass the Funded Pips Evaluation
The strategy for passing a Funded Pips evaluation is identical to passing any prop firm challenge. Here are the core principles:
Risk 0.5% Per Trade Maximum
On a $50,000 Funded Pips account, 0.5% risk means a maximum loss of $250 per trade. Use the TradeHaven Risk Calculator to calculate your exact lot size before every single entry.
Target 1:2 Risk-to-Reward Minimum
If you risk $250, your take profit should be at least $500. This ensures that you remain profitable even with a 40% to 50% win rate, which is more than sufficient to pass the evaluation.
Trade the London and New York Sessions Only
The London and New York sessions produce the highest-quality price action with the most volume and the cleanest breakouts. Avoid the slow Asian session unless your strategy is specifically designed for range trading.
For detailed session timing, use the TradeHaven Market Sessions tool to track real-time session openings and closings.
Journal Every Trade
Log every single trade in a structured journal. Record your entry reason, your emotional state, your risk calculation, and the outcome. This data is invaluable for identifying patterns in your trading and eliminating recurring mistakes.
The TradeHaven Journal provides a streamlined trade logging system designed specifically for prop firm traders.
Funded Pips vs FTMO: Which Should You Choose?
| Feature | Funded Pips | FTMO |
|---|---|---|
| Cost (100K) | ~$450 | ~$540 |
| Profit Split | 80-90% | 80-90% |
| Reputation | Good | Excellent |
| Analytics | Basic | Advanced |
| Free Trial | Limited | Yes |
| 1-Phase Option | Yes | No |
| Support | Good | Excellent |
Choose Funded Pips if: You want lower evaluation costs, prefer the 1-phase option, or plan to attempt multiple evaluations.
Choose FTMO if: You want the most established reputation with the most comprehensive trader dashboard and analytics.
Our Verdict: Is Funded Pips Worth It in 2026?
Yes, Funded Pips is a legitimate and worthwhile prop firm for beginners and intermediate traders in 2026.
The combination of competitive pricing, standard industry rules, and a growing positive reputation makes it a solid choice, particularly for traders who are budget-conscious or planning multiple evaluation attempts. While it does not yet match FTMO in terms of brand prestige and dashboard features, it delivers on the fundamentals that matter most: clear rules, fair evaluations, and timely payouts.
Our recommendation: Start with a smaller account ($10,000 to $25,000) to test the platform and evaluation experience. If you pass and have a positive payout experience, scale up to a larger account on your next evaluation.
Track your Funded Pips evaluation progress with TradeHaven to maximize your chances of passing.
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