Funding Pips review: static drawdown and the 15% consistency catch
The Industry Spread reported Funding Pips closing in 2024.
Abdelaziz Fathi
Senior Reporter, Brokers and Prop Firms
Abdelaziz Fathi covers the intersection of forex/CFD brokerage, regulation, liquidity, fintech, and digital assets. With a B.A. in Finance and hands-on industry exposure, Aziz blends analytical rigor with clear storytelling to make complex market structure understandable for traders, brokers, and fintech professionals.
July 2026
USD/NOK to 9.20 by Q4 2026: the Nordic-divergence case
The krone has gained 7.72% on the euro in 2026 while the Swedish krona fell. USD/NOK reaches 9.20 by year-end on a Norges Bank hiking bias the G10 no longer shares.
MyFundedFutures review: $123m paid and the payout-ban complaints
MyFundedFutures has paid $123m across 55,733 payouts and removed the daily loss limit from every plan.
Alpha Futures review: payout terms after the Premium collapse
Alpha Futures runs end-of-day trailing drawdown and a $15,000 payout cap.
Instant Funding review: the drawdown that halves when you win
Instant Funding review: no evaluation, 80% split and published payouts of $18.7m — but the Smart Drawdown floor halves permanently once you are 5% up.
USD/MXN to 17.90 by Q4 2026: the carry-compression case
USD/MXN to 17.90 by Q4 2026: Banxico is anchored at 6.50% while the Fed is priced to hike, compressing the carry from the US side. Levels and invalidation.
Take Profit Trader review: daily payouts and the $50 catch
Take Profit Trader review: daily payouts in about an hour, no consistency rule when funded, a real route to live capital — and a $50 fee under $250.
Tradeify review: payout speed, drawdown and the fee that bites
Tradeify review: 90/10 split, daily payouts from $250 and end-of-day trailing drawdown — but no published withdrawal fees, audited payouts or legal entity.
USD/CAD to 1.43 by Q3 2026: the oil-assumption case
USD/CAD to 1.4300 by September 30, 2026. The Bank of Canada's inflation forecast assumes oil falls - and elevated oil is what is holding the loonie up.
Lucid prop firm review: best terms, shortest track record
An independent Lucid prop firm review: a 90/10 split, a drawdown that locks, 15-minute payouts - and only 18 months of operating history behind them.
Apex Trader Funding review: the 100% split has a ceiling
An independent Apex Trader Funding review: the 100% profit split is real, but a six-payout ladder caps a $150,000 account at roughly $20,500 in withdrawals.
FundedNext review: payout, drawdown and what is unverified
An independent FundedNext review: 80% base profit split, static vs trailing drawdown by product, and why its own homepage shows two payout totals.
Gold to $3,800 by Q4 2026: the real-rate case
Goldman and JPMorgan both cut gold targets on lost Fed easing. If term premium lifts real yields without a hike, $4,050 spot has further to give.
EUR/USD to 1.13 by Q4 2026: the term-premium counter-case
Consensus has EUR/USD at 1.18-1.25 on Fed cuts. If US long yields rise on term premium instead, the euro bull case loses its engine.
DAX to 26,400 by year-end 2026: the fiscal-impulse case
The DAX sits flat in 2026 at 24,833. Base case 26,400 by year-end as German energy inflation decays and a record fiscal impulse reaches earnings.
USD/CHF to 0.7950 by Q3 2026: the SNB reaction-function case
USD/CHF sits at 0.8101 with the SNB at 0% and the Fed at 3.50%-3.75%. Why intervention, not the 362bp carry gap, sets the floor into Q3 2026.
Brent to $76 by year-end 2026: the half-premium case
Brent trades at $88.59/bbl after a 30% rally on the US-Iran ceasefire collapse, but the EIA still forecasts $70 for Q4. Base case: $76 by December 31, 2026.
US 10-year to 4.85% by Q3 2026: the term-premium case
The US 10-year closed at 4.55%, above the 4.0-4.5% consensus range forecasters still publish. The term-premium case for 4.85% by Q3 2026, with triggers.
AUD/USD to 0.7150 by Q3 2026: the energy-windfall case
AUD/USD targets 0.7150 by Q3 2026 as Australia's $42bn energy export upgrade inverts the Aussie's usual risk-off correlation. Levels, quotes, triggers.
Platinum to $1,750 by year-end 2026: the deficit-return case
Platinum to $1,750/oz by December 31, 2026. WPIC forecasts a fourth straight deficit — but Q1 delivered the first surplus in six quarters.
Also filing this week: Rick Steves and Karthik Subramanian.