FundingPips is one of the largest multi-asset prop firms in the world, with a verified nine-figure payout record and a wide menu of evaluation types. It is also a firm with a specific rule that trips up many traders: a cap on how much you can risk on a single trade. This review covers what FundingPips actually offers in 2026, how its evaluations and payouts work, the per-trade rule to understand before buying, and how it compares for crypto traders.
Quick answer: FundingPips is a large multi-asset prop firm (forex, indices, commodities, crypto) with Zero, 1-Step, and 2-Step evaluations, account sizes from $5,000 to $100,000 (more on some plans), and a static drawdown on most models. Splits reach up to 90 to 100% depending on payout cycle, and it has paid out over $260 million. The main catch is a maximum-risk-per-trade rule (about 3% under $50k, 2% at $50k and up per trade idea) that a lot of traders find restrictive.
Highlights of this article
- FundingPips is a large multi-asset prop firm (forex, indices, commodities, and crypto) with a verified $260M-plus payout record
- It offers three evaluation types, Zero (instant), 1-Step, and 2-Step, with account sizes from $5,000 to $100,000 and larger sizes on select plans
- Most plans use a static drawdown fixed from the starting balance, which is more predictable than a trailing model
- Profit splits reach up to 90 to 100%, but the higher splits are tied to slower payout cycles
- The key rule to understand is a maximum risk per trade (roughly 3% under $50k, 2% above), a frequent complaint among traders
What Is FundingPips
FundingPips is a proprietary trading firm founded in 2022 and headquartered in the UAE. It has grown into one of the largest firms in the space, funding traders across forex, indices, commodities, and crypto, and it reports over $260 million distributed to traders as of 2026. It runs a scaling program (PRIME) and a range of evaluation types, and its payout record is one of the more verifiable in the industry. Unlike the futures-only firms, FundingPips is genuinely multi-asset and includes crypto, which makes it a closer comparison to a crypto-native firm. Another large multi-asset firm in this category is E8 Markets; see E8 Markets vs Velotrade for the crypto-focused head-to-head.
How the Evaluations Work
FundingPips offers three evaluation routes. Zero is an instant-funding style account with no traditional evaluation phase. 1-Step, 2-Step, and a 2-Step Pro variant are standard challenges where you hit a profit target while respecting the drawdown and risk rules, with 2-Step splitting the target across two phases. Account sizes run from $5,000 to $100,000, with larger allocations available on select plans and through scaling. Most plans use a static drawdown: on a $50,000 account with a 10% maximum, the floor stays at $45,000 regardless of how high your balance climbs, which is more predictable than a trailing model.
The table below summarises how the four routes differ on price, target, and drawdown. Prices move with promotions and vary slightly by source, and the exact per-trade risk cap depends on account size, so treat these as a 2026 snapshot and confirm the current terms on fundingpips.com before buying.
| Evaluation | Account sizes | Price range | Profit target | Max drawdown | Per-trade risk cap |
|---|---|---|---|---|---|
| Zero (instant) | $5,000 to $100,000 | about $69 to $500 | none | about 5%, trailing | tightest, roughly 1% on the funded account |
| 1-Step | $5,000 to $100,000 | about $59 to $555 | 10% | 6%, static | about 3% under $50k, 2% at $50k and up |
| 2-Step Standard | $5,000 to $100,000 | about $36 to $530 | 8% then 5% | 10%, static | about 3% under $50k, 2% at $50k and up |
| 2-Step Pro | $5,000 to $100,000 | about $29 to $400 | 6% then 6% | 6%, static | about 3% under $50k, 2% at $50k and up |
The 2-Step Pro is the cheapest entry but carries the tightest 6% drawdown and an added consistency requirement, while the 2-Step Standard trades a higher price for a roomier 10% floor. The Zero route skips the challenge entirely in exchange for a trailing drawdown and a stricter set of funded-account limits.
The Catch: A Maximum Risk Per Trade
This is the rule most FundingPips reviews underplay, and the one traders complain about most. FundingPips limits how much you can lose on a single trade idea: roughly 3% of the account for sizes under $50,000, and about 2% for $50,000 and above. Exceed it on one position and you can breach the rule even if your account is otherwise healthy.
For disciplined risk managers this is not a problem, but it removes a lever some strategies rely on. If your edge involves occasionally sizing up on a high-conviction setup, or your style naturally concentrates risk, the per-trade cap forces you to spread thinner than you might want. It is worth confirming the exact current percentages and how the firm defines a single trade idea before you buy.
Profit Splits and Payouts
FundingPips pays a high split, up to 90 to 100%, but the top figure is tied to the payout cycle you choose: faster, more frequent payouts come at a lower split, while the highest split applies to a slower cycle. This is a fair trade to be aware of rather than a hidden catch. The firm's payout reliability is a genuine strength, with a large, publicly reported total distributed and a scaling path through PRIME for consistent traders.
FundingPips pros and cons
Weighed as a whole, FundingPips is a strong, established firm whose main friction points are its risk rules rather than its reliability.
Pros
- One of the largest and most established multi-asset firms, founded in 2022, with a verified payout record above $260 million
- Genuinely multi-asset, covering forex, indices, commodities, and crypto, rather than futures-only
- Static drawdown on most plans, fixed from your starting balance, which is more predictable than a trailing model
- High profit split, up to 90 to 100% on the slower payout cycles, with a PRIME scaling path for consistent traders
- Four evaluation routes (Zero, 1-Step, 2-Step, and 2-Step Pro) so you can match the price and rule set to your style
- Strong Trustpilot standing and fast, frequently praised payouts
Cons
- A maximum risk per trade of roughly 3% under $50k and 2% at $50k and above, tightening to around 1% on funded accounts, which restricts sizing up on a single high-conviction idea
- The highest 100% split is tied to a slower payout cycle; faster cycles pay a lower split
- Consistency requirements apply on several plans, including the Zero and Pro routes
- Crypto access is CFD-style rather than exchange-native, and markets follow CFD hours rather than 24/7 crypto trading
- A recurring cluster of complaints about account closures and rule-interpretation disputes, common to large firms but worth reading before buying
- News-trading profits can be stripped if a position is opened or closed within minutes of major events
Is FundingPips legit or a scam?
FundingPips is a legitimate, established prop firm, not a scam. It has operated since 2022, funds traders across four asset classes, and reports over $260 million distributed to traders, one of the more verifiable payout records in the industry. On Trustpilot it holds roughly 4.5 out of 5 across tens of thousands of reviews (more than 50,000 as of 2026), with the exact count worth confirming on Trustpilot directly. The recurring praise is genuine: fast payouts, often within a day, plus a usable platform and responsive support. The recurring complaint is equally real: a minority of one-star reviews describe account closures and disputes over how rules, including the per-trade and daily-loss limits, are applied. That pattern is common to firms operating at this scale. The sensible read is that FundingPips pays and is safe to use, provided you understand its risk rules before you buy rather than after a breach.
Who FundingPips Suits
FundingPips is a strong fit for multi-asset and forex traders who want a large, established firm with a verifiable payout record, a static drawdown, and a high profit split, and who trade with disciplined per-trade risk that fits comfortably under the 2 to 3% cap. It is a weaker fit for traders whose strategy needs to size up on individual high-conviction trades, or who specifically want crypto-native, exchange-style execution rather than CFD multi-asset access.
The Alternative: No Per-Trade Cap, Crypto-Native
FundingPips and Velotrade are closer than most comparisons, both use a static drawdown and both include crypto, so the difference is in two specific places. First, Velotrade has no maximum risk per trade and no lot-size cap: your only sizing limit is the static drawdown, so you can put full size on a single high-conviction trade, which is exactly what the FundingPips per-trade rule prevents. Second, Velotrade is crypto-native and 24/7, built around crypto and multi-asset markets that never close, with no consistency rule on funded accounts and weekend holding allowed.
Neither is strictly better; they suit different risk styles. FundingPips is the larger firm with the longer payout record and a per-trade guardrail; Velotrade is the crypto-native option for traders who want to control their own sizing. For a full side-by-side, see FundingPips vs Velotrade. Compare the field in top prop firms in 2026 and the best crypto prop firms, and check your odds of passing first with the challenge pass calculator.
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About the author
Vittorio De Angelis
Executive Chairman
Former equity-derivatives trader at JP Morgan, Dresdner Kleinwort and Bank of America in London. Later Head of Brokerage at a global broker in Hong Kong.
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