FundingPips review

One of the largest CFD prop firms, Dubai-based, trading since 2022 with a documented payout record. Its own homepage states four of its headline numbers two different ways, including the Trustpilot score and the total paid. It also routes rewards into Tradin, its in-house broker, which it advertises as multi-licensed and which holds one licence, in Mauritius.

Last verified 6 August 2026 · how we check

FundingPips is one of the biggest prop firms in the world by traders served, and by the usual measure it works: people buy evaluations, pass them, and get paid. The rewards are documented, the payout stories are on the record, and the firm has been running since 2022. Anyone telling you it is a scam is not looking at the evidence.

It is also a firm whose own homepage cannot keep its numbers straight, and which spent the past year quietly steering funded traders toward a broker it owns. Both things are true at once, and the second is the part nobody writes about.

What it sells

An evaluation on a simulated account. Pass it, get a funded account, keep a share of what you make. Prices as listed on 6 August 2026:

Four models are offered: Zero (instant funding, no evaluation), 1-Step Flex, 2-Step Standard and 2-Step Pro. The 2-Step Pro rules read: 10% profit target in phase one, 6% in phase two, 12% maximum loss, 4% daily loss, no minimum trading days. Platforms are MetaTrader 5, cTrader and Match-Trader. A 14-day free trial runs with no card and no documents.

There is no futures product. That matters, and the reason is below.

Four numbers, stated twice, differently

These pairs come from a single page, captured in one visit on 6 August 2026. The first column is what the hero section and pricing cards say. The second is what the FAQ at the bottom of the same page says.

Each gap has an innocent explanation available. The $260M figure may be older copy. The 4.5 may predate the 4.8. The 100% split may apply to one reward cycle and 95% to another, which the FAQ half-confirms when it says splits run “from 60% to 100% depending on your reward cycle.”

The pattern is the point. Every one of these four discrepancies runs the same direction: the number a buyer sees first is the flattering one, and the qualified version sits below the pricing table. A firm processing hundreds of millions of dollars can afford a copy editor.

The same page also says the track record is “public and independently verified.” No verifier is named.

The broker at the end of the funnel

This is the part worth your attention.

FundingPips owns a broker called Tradin. It is promoted on the FundingPips homepage under the heading “Put your rewards to work with our regulated broker,” and the offer is specific: move your FundingPips rewards to Tradin, get a 30% bonus on every deposit, trade at leverage up to 1:2000.

FundingPips describes it as its “own multi-license regulated broker,” and the promo block lists “Multiple regulatory licences.”

Tradin’s own legal footer says otherwise:

Tradin, a licenced entity under the laws of Mauritius, regulated by the Financial Services Commission, licence number GB25204266, remains solely responsible for all financial services and user claims.

One licence, one jurisdiction. Verify it yourself at the FSC Mauritius online public register and search the licence number GB25204266; the register is the authority here, not either company’s marketing.

The same footer discloses a second company. Operational processing runs through Funding Pips Services Ltd, incorporated in Cyprus at Dimitrou Karatasou 15, Anastasio Building, 6th floor, office 601, Strovolos, Nicosia. The footer states that this entity “is not authorised to offer or provide financial services” and “does not handle client funds directly.”

So the money you earn in a simulated environment run by a Dubai firm can be moved to a Mauritius-licensed broker, with processing touched by a Cypriot company that is not authorised to provide financial services, at 1:2000 leverage, sweetened by a 30% deposit bonus. Every individual step is disclosed somewhere. Assembled, it is a structure worth understanding before you click the transfer button.

Nothing above says Tradin will not pay you. It says that the moment your reward moves there, you stop being a prop trader with a payout and become a retail client of an offshore broker, and the protections change accordingly.

What happened to its futures arm

FundingPips ran a futures brand called FundingTicks, launched in early 2025 by the same owner, who posts as Khaled and claims both firms.

In December 2025, FundingTicks changed the rules of its challenges and applied them to accounts retroactively. Minimum hold time went from none to one minute, the daily profit minimum from $150 to $200, required profitable days from five to six, and the split from up to 90% down to 80%. Traders who had bought a challenge under the old rules and passed it found trades invalidated because they broke rules that had not existed when the trades were made. The Trustpilot score fell from 4.1 to 3.2, with 38 per cent one-star ratings.

On 19 January 2026, FundingTicks announced it was winding down. To its credit it refunded every active account in full, including losing ones, and paid reward splits on top, which we covered in the FundingTicks review.

FundingPips itself was untouched. It carried on, and today there is no futures product anywhere on its site: no Tradovate, no NinjaTrader, nothing. The group did not relocate futures. It exited.

Two readings are available and both are fair. One: management cut a failing line cleanly and paid everyone back, which is more than most firms manage. Two: the same management applied retroactive rule changes to paying customers four weeks earlier, and that decision was made by the people who still run FundingPips.

What we did not establish

We hold the ASIC and CySEC registers in full and can state licence status against them. The Mauritius FSC register is not one of ours, so the licence number above is reported from Tradin’s own disclosure and should be confirmed on the FSC register directly.

The Trustpilot ratings quoted here are FundingPips’ own two claims about itself, plus the figures Finance Magnates reported for FundingTicks in December 2025. For the current score, go to the Trustpilot page for fundingpips.com and read it there rather than on the company’s homepage.

We have no independent audit of the total paid to traders. Neither figure, $260M or $289M, is verifiable from outside the company.

Verdict: caution

Caution here does not mean avoid. FundingPips pays, at scale, with a public record going back to 2022, and its evaluation rules are among the more reasonable in the sector: no minimum trading days, 12% maximum loss, a genuine free trial.

The caution attaches to three things. Its published numbers contradict each other in the buyer’s favour every time. Its reward funnel leads to a broker it owns, licensed in one offshore jurisdiction while advertised as multi-licensed. And its sister brand demonstrated, with dates, that this management will change the terms of a challenge you have already bought.

Before you buy, do two things. Read the clause that governs whether rules can change mid-challenge, because that is the clause FundingTicks used. And decide in advance whether your rewards are coming out to your bank or going into Tradin, because that choice is easier to make now than when there is a 30% bonus in front of you.

Sources

• FundingPips — homepage, pricing and FAQ
• Tradin — homepage and legal footer
• FSC Mauritius — online public register
• FundingTicks — wind-down announcement
• Finance Magnates — FundingTicks backlash after retroactive rule change, 23 December 2025