Is Funding Pips an evaluation or instant funding provider?

It is primarily a 2-step evaluation provider (the Student program). Traders who pass Phase 1 and Phase 2 move to a Master funded account.

What does a Funding Pips challenge cost?

The $5,000 Student account starts at $32. The $100,000 account is $399. Fees are one-time and refunded with the first Master payout.

What is the profit split at Funding Pips?

The base profit split is 80%. Through the Hot Seat scaling plan it can increase to 90%.

Can I trade news or hold positions over the weekend?

Yes. News trading and weekend holding are allowed under the standard Student program rules.

Review

Funding Pips Review

Evaluation-based forex and CFD funding programs

Company overview

Funding Pips runs a two-step 'Student-to-Master' evaluation. Traders pay a one-time fee for a simulated account, meet the profit targets in Phase 1 (8%) and Phase 2 (5%), and then move to a Master funded account. The evaluation fee is refunded with the first Master payout.

The rules below are based on Funding Pips' published documentation and partner materials as of August 2026. Prop-firm terms change frequently, so confirm the current rulebook on the provider's site before purchasing.

Quick facts

Starting price: $32
Available account sizes: $5K – $200K
Evaluation model: Student 2-Step
Profit target: 8% / 5%
Daily drawdown: 5% daily
Maximum drawdown: 10% static
Profit split: 80% up to 90%
Payout conditions: First payout 7 days, then every 5 days
Payout frequency: Every 5 days
Platform: Match-Trader, cTrader, TradeLocker
Markets: Forex, Indices, Metals, Energies, Crypto
Last verified: 2026-08-08

Trading restrictions

News trading rules: Allowed
Weekend holding rules: Allowed
EA / automated trading: Allowed (no toxic strategies)
Copy trading: Allowed from own accounts
Consistency rules: No strict consistency rule
Other restrictions: Evaluation fee refunded with first Master payout

Restrictions differ between the evaluation and funded stages at many providers. Read both rulebooks before purchasing.

Pros and cons

Pros

Low entry price ($32 for $5K account) with refundable evaluation fees
Flexible rules: news trading, weekend holding and EAs are allowed
Fast payout cycle: first payout after 7 days, then every 5 days
Large trader community with extensive public feedback and reviews

Cons

Primarily a 2-step evaluation model; limited instant-funding options
Platform lineup differs from the MetaTrader-only firms some traders prefer
Prop-firm terms can change; verify current objectives before purchasing

Who it may suit

Traders who want a low-cost, refundable 2-step evaluation
Traders who need news-trading and weekend-holding flexibility
Traders who value frequent payouts over monthly cycles

Who should consider alternatives

Traders who specifically want futures markets rather than forex and CFDs
Traders who prefer MetaTrader 4/5 as their only platform
Traders who want a single-step or instant-funding model

Funding Pips FAQ

Final verdict

Funding Pips is a strong shortlist candidate for traders who want an affordable, flexible 2-step evaluation with fast payouts. Read the current rulebook and confirm the drawdown calculation method before signing up.

Ready to check the current program?

Terms change frequently. Confirm pricing, objectives and payout policy on the provider's own site.

Visit Official Site

Affiliate link. We may earn a commission at no extra cost to you.

Affiliate disclosure

This website may receive compensation when users purchase products or services through certain links on this page. This does not affect the price you pay, and it does not change how the program is described here. Read the full affiliate disclosure.