Key terms at a glance

• Account sizes: $5,000 to $100,000 across five tiers
• Entry cost: from $29 on the 2-Step Pro challenge; from $36 for a $5,000 account; Zero plans priced $69–$499
• Drawdown: static maximum loss on all challenge plans — the floor does not trail. The Zero instant-funding plan is the exception at 5% trailing
• 1 Step: 10% profit target, 6% maximum loss, 3% daily loss limit
• 2 Step: 8–10% Phase 1 and 5% Phase 2 targets, 10% maximum loss, 5% daily loss limit per phase
• 2 Step Pro: 6% target per phase, 6% maximum loss, 3% daily loss limit
• Profit split: 60% to 95% depending on payout frequency; 95% on the bi-weekly cycle
• Consistency rule: 15% on Zero at every payout; 35% on standard plans but only for On-Demand Rewards at the 90% split

The firm this publication reported as closed

In February 2024 The Industry Spread covered Funding Pips ceasing operations, in Funding Pips CEO blames MetaQuotes for business closure. MetaQuotes had withdrawn service over the onboarding of US accounts, the firm’s partnership with BlackBull Markets was terminated as a consequence, and chief executive Khaled Ayesh promised that all payouts would be processed and losses compensated once operations resumed. He contrasted what he called “Funding Pips’ consistent adherence to its promises” with less reliable practices elsewhere in the sector. BlackBull separately denied losing its MetaQuotes licence.

That is an unusually testable promise, and 17 months of subsequent record is the test. Most firms caught in the 2024 MetaQuotes crackdown did not come back — the industry’s casualty list from that period is long. Funding Pips did, and the payout record it has accumulated since is the substantive reason to take the current product seriously rather than the marketing reason.

Payouts: what is published, what is reported, what is unverified

What is published. More than $260m in payouts across over 127,000 transactions, processed and displayed through Payout Junction, with a parallel claim that payments are verifiable on the Rise blockchain. Payout cadence is selectable — weekly, bi-weekly, or on demand — and the profit split moves with the choice, from 60% at the most frequent end up to 95% on the bi-weekly cycle.

What independent aggregation shows. A 4.5/5 Trustpilot rating across more than 51,000 reviews, with 82% at five stars. That review volume is among the largest in the sector, and the 4.5 average is notably lower than the 4.9 ratings some competitors carry — which, at this sample size, is more likely to reflect a real distribution than a manipulated one.

What could not be verified. Payout totals differ by source: $260m across 127,000 transactions on one reading, “over $200m” on another. Neither figure is audited. Third-party payout displays such as Payout Junction show what a firm submits to them; they are not an independent reconciliation of what was earned against what was paid. On-chain verification proves a transfer occurred, not that it matched an entitlement. And no source we could find quantifies how many payout requests were declined on consistency grounds — which, given the rule structure below, is the number that would actually matter.

The static drawdown is the product

Most prop firms run a trailing drawdown: as the account balance rises, the loss floor rises behind it, so a trader who reaches +8% and retraces to +3% can be closer to breach than when they started. Funding Pips uses a static maximum loss on every challenge plan. On a $50,000 account with a 10% maximum loss, the floor sits at $45,000 and stays at $45,000 regardless of how high the balance climbs.

The practical effect compounds over a funded account’s life. A trader who builds a $50,000 account to $58,000 under a static rule has 26% of equity between them and breach; under a trailing rule the same trader still has 10%. That is not a marginal difference in comfort, it is a different risk model, and it is the strongest argument for choosing this firm over a futures firm with a trailing structure.

The exception is the Zero instant-funding plan, which runs a 5% trailing maximum drawdown and a 3% daily loss limit with no profit target. Zero is the plan most likely to be bought by traders skipping the evaluation, and it is the one plan where the firm’s headline structural advantage does not apply. Read the plan name carefully before paying.

The rules that actually delay payouts

The consistency rules are where the 95% split is won or lost, and they are not uniform. On standard 1-Step and 2-Step accounts a 35% consistency rule applies, but only to On-Demand Rewards at the 90% split — take payouts on the standard cadence and it does not bind. On Zero, a 15% consistency rule applies at every single payout, alongside a requirement to maintain a 3% safety cushion in the account.

A 15% rule means no single day may represent more than 15% of total profit. For a discretionary trader who catches one strong session in a month, that is a genuinely difficult constraint — it requires roughly seven days of comparable profit to dilute one good one. It is the tightest consistency requirement in this review series, tighter than the 40% Core rule at MyFundedFutures and the 50% evaluation rule at Alpha Futures. Traders should assume the 95% split carries a real behavioural cost rather than treating it as a free upgrade.

How Funding Pips compares

The cross-firm point worth drawing out: Funding Pips reports twice the cumulative payouts of MyFundedFutures on a lower Trustpilot score, across three times the review count. Neither figure is audited, and they measure different things — one is throughput, the other satisfaction. A trader treating either as proof of counterparty safety is over-reading it. Our FundedNext review covers the closest direct competitor on rules.

Regulatory posture

Funding Pips is registered in Cyprus under company number HE 450941, at Strovolos, Nicosia, and operates from Bay View Tower, Business Bay, Dubai. The firm was founded in 2022 and reports more than 200 employees.

Cyprus registration is not CySEC authorisation, and Funding Pips is not an authorised investment firm in Cyprus, the UAE or anywhere else we could identify. It is a company incorporated in an EU member state selling a simulated-trading service — the same structure the rest of the sector uses. A trader in a payout dispute has the firm’s own process and civil remedy, and no regulatory recourse. The 2024 episode is instructive here: what removed Funding Pips from the market was not a regulator but a platform vendor withdrawing service. That remains the sector’s live dependency, as we set out in ESMA’s CFD conflicts sweep leaves prop trading untouched.

FAQ

Did Funding Pips actually shut down in 2024?
Yes. Services ceased in February 2024 after MetaQuotes withdrew support over US account onboarding, and the firm’s BlackBull Markets partnership was terminated as a consequence. Chief executive Khaled Ayesh committed at the time to processing all payouts and compensating losses on resumption. The firm subsequently rebuilt and has reported more than $260m in payouts since.

What does a static drawdown mean in practice?
The maximum-loss floor is fixed at the level set when the account opens and does not rise as the balance grows. On a $50,000 account with a 10% maximum loss, the floor stays at $45,000 permanently. A trader who reaches $58,000 therefore has 26% of equity before breach, against roughly 10% under a trailing structure.

How do I get the 95% profit split?
By selecting the bi-weekly payout cycle rather than a more frequent one. The split scales with cadence, from 60% at the top of the frequency range to 95% at bi-weekly. The trade-off is a 15% consistency requirement and a 3% account safety cushion, which together make the highest split materially harder to actually collect.

Which plan has the strictest rules?
Zero, the instant-funding plan. It is the only plan with a trailing drawdown, at 5%, and it applies the 15% consistency rule at every payout rather than only on On-Demand Rewards. It also carries a 3% daily loss limit. Traders buying Zero to skip the evaluation are buying the firm’s least forgiving rule set.

Is Funding Pips regulated?
No. It is registered in Cyprus as company HE 450941 and operates from Dubai, but it holds no CySEC authorisation or equivalent licence. Trading is simulated and challenge fees are non-refundable. There is no ombudsman or compensation scheme available in a dispute.

This review is independent editorial analysis and is not financial, investment, or trading advice, and is not an endorsement or solicitation. The Industry Spread has no affiliate or referral relationship with the firms covered. Proprietary trading challenges carry a fee that is generally non-refundable, most participants do not reach a funded account, and funded capital is the firm’s capital, not the trader’s. Terms change frequently — always verify current rules directly with the firm before paying any fee.

Abdelaziz Fathi

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.