FundingPips is a simulated trading evaluation program, not a traditional brokerage account. You pay for a trading challenge, trade a demo account under profit and risk rules, and may receive a Master Account if you pass. FundingPips says its accounts are simulated, so trades are not executed on live financial markets. The firm lists account sizes from $5,000 to $200,000 and identifies August 15, 2026, as the effective date for several new 100% monthly reward conditions.
FundingPips at a Glance
| Feature | How FundingPips works |
|---|---|
| Trading environment | Simulated or demo trading |
| Initial step | Buy an evaluation or select the Zero model |
| Passing requirement | Reach the profit target without breaking the risk rules |
| Funded stage | Master Account |
| Reward split | Up to 100%, depending on the model and reward cycle |
| Account sizes | Generally $5,000 to $200,000, depending on the model |
| Main failure risks | Daily loss, maximum loss, trading conduct and inactivity breaches |
| Trader's financial exposure | Normally limited to the evaluation fee, according to FundingPips' trading mechanics explanation |
FundingPips lists five models: 1 Step Flex, 2 Step Standard, 2 Step Flex, 2 Step Pro and Zero. The rules vary by model, so the account type matters as much as the account size.
How the FundingPips Process Works
1. Choose a FundingPips Model and Account Size
You first select a model and an available account size. The advertised balance is simulated buying power. It is not money deposited into a live brokerage account in your name.
The main model differences are set out below:
| FundingPips model | Evaluation structure | Current headline reward structure |
|---|---|---|
| 1 Step Flex | One evaluation phase with a 12% profit target and no minimum trading days | 85% bi-weekly or 100% monthly, subject to monthly requirements |
| 2 Step Standard | Phase 1 target of 8%, followed by Phase 2 target of 5% | Weekly 60%, bi-weekly 80%, on-demand 90% or monthly 100% |
| 2 Step Flex | Two evaluation phases | Bi-weekly 85% or 95%, or monthly 100% |
| 2 Step Pro | Two phases, each with a 6% profit target | Weekly 80% or monthly 100% |
| Zero | No evaluation phase, with direct access to a Master Account | 95% bi-weekly, with stricter eligibility rules |
Reward splits and requirements can depend on the purchase date. FundingPips identifies August 15, 2026, as the effective date for several new 100% monthly reward conditions.
2. Trade the Evaluation Account
After you purchase an account, FundingPips provides trading credentials for the selected platform. You must reach the required profit target without exceeding the account's loss limits.
The current 2 Step Standard rules include:
- Phase 1: 8% profit target and at least three trading days
- Phase 2: 5% profit target and at least three trading days
- Maximum daily loss: 5%
- Maximum overall loss: 10%
On a $100,000 2 Step Standard account, the Phase 1 target is $8,000 and the Phase 2 target is $5,000. The daily loss limit is $5,000, while the overall loss limit is $10,000.
The other models use different thresholds. 1 Step Flex has a 12% profit target, a 3% daily loss limit and a 12% maximum loss limit. 2 Step Pro has a 6% target in each phase, a 3% daily loss limit and a 6% maximum loss limit.
3. Avoid Breaching the Risk Rules
FundingPips calculates daily loss using the higher of the account's opening balance or opening equity. Floating losses on open positions can count toward the limit, not only closed trades. The daily limit resets at the time shown on the relevant model page, currently 00:00 platform time, UTC+3.
A hard breach normally closes the account immediately. Common breach triggers include:
- Exceeding the maximum daily loss
- Reaching the maximum overall loss
- Breaking model-specific trading conduct rules
- Failing inactivity requirements
- Violating restrictions on trade risk, news trading or weekend positions where those rules apply
The news, weekend and leverage rules are not identical across every model. FundingPips lists different conditions for different account types, including temporary restrictions on weekend positions for some Master Accounts. Check the exact model rules before trading.
4. Receive a Master Account After Passing
After you complete the required evaluation phases, FundingPips offers a Master Account. The Master Account is still simulated. Its main difference is that profitable performance may qualify you for a cash reward under FundingPips' reward system.
A Master Account is not the same as receiving a live brokerage account with $100,000 deposited in your name. FundingPips describes the capital as simulated while offering cash rewards linked to trading results.
5. Request Your Trading Reward
The reward cycle depends on the model and the option selected when you purchase the account. Some options require a minimum profit, a consistency score or a minimum number of profitable days.
For example, the 2 Step Flex 95% bi-weekly option requires three profitable days during the cycle. Its 100% monthly option requires a 35% consistency score and at least seven profitable days. Each profitable day must produce at least 0.5% of the starting account size.
A $100,000 Master Account with $2,000 in eligible profit and an 80% reward split would produce a $1,600 trader reward before applicable payment, exchange or transaction costs.
Before requesting a reward, FundingPips says traders must:
- Close all trades and pending orders.
- Wait at least 15 minutes after closing the final trade.
- Submit the request through the Rewards section.
Requests are generally processed within one to three working days, excluding weekends.
The Profit Concentration Rule
For newly created evaluation accounts of $25,000 and above, a single trade idea can affect the requirements for the future Master Account. This rule applies across models with an evaluation phase.
If one trade idea produces more than 60% of the profit target for a phase, the evaluation does not automatically fail. The resulting Master Account may instead require at least four profitable days before each reward request. A trade idea can include multiple positions on the same instrument and in the same direction.
For example, a $25,000 2 Step Standard account has an 8% Phase 1 target, or $2,000. Sixty percent of that target is $1,200. If one trade idea produces more than $1,200, the additional profitable-day requirement can apply.
Is FundingPips a Traditional Prop Firm?
FundingPips is a simulated prop trading firm, not a conventional firm that immediately places you on a live trading desk with access to company cash.
The practical differences are:
- You do not deposit $100,000 of personal capital.
- You do not normally owe FundingPips for simulated trading losses.
- You trade under drawdown and conduct rules.
- Your potential reward depends on simulated performance and the selected reward cycle.
- Passing an evaluation does not guarantee unrestricted trading on the Master Account.
The main financial risk is paying evaluation fees again after breaching accounts. The main operational risk is breaking a rule even when the trading strategy is profitable.
What Should You Check Before Buying?
Check the exact model page before buying. The key points are:
- Profit target and number of phases
- Daily loss and maximum loss calculations
- Reward split and payment frequency
- Minimum profit and profitable-day requirements
- News trading restrictions
- Weekend and overnight holding rules
- Profit concentration requirements
- Platform, leverage and commission conditions
- Inactivity rules
- Whether the rules depend on the purchase date
Bottom Line
FundingPips charges traders for access to a simulated trading evaluation. You must reach the profit target without exceeding the loss limits, then trade a simulated Master Account and request a share of eligible profits under the selected reward cycle.
1 Step Flex suits traders who want one evaluation phase. 2 Step Pro uses two 6% phases but has tighter drawdown limits. 2 Step Standard offers the widest range of reward cycles, while Zero removes the evaluation and applies stricter Master Account conditions. The best choice depends on whether your strategy handles lower drawdown limits, more frequent reward requests or multiple evaluation stages.