About Prop Firm
Funding Pips, under the leadership of CEO Khaled Ayesh, is a relatively new entrant in the prop trading firm arena, having set up in the United Arab Emirates only a year ago. The firm offers traders access to the MT5 platform, partnering with BlackBull Markets as their broker. It caters to a wide range of traders by offering account sizes that start from $5,000 and extend up to $100,000. The evaluation process encompasses two phases, where traders are required to meet a profit target of 8% in Phase 1, followed by a slightly lower target of 5% in Phase 2. Additionally, Funding Pips enforces a maximum total drawdown of 10% across all challenges, providing traders with a fair balance between risk and opportunity. In terms of trading instruments, Funding Pips offers a variety that includes Forex, Crypto, Indices, as well as Metals & Energies. The form also leverages options of 1:100 for Forex, 1:50 for Metals and Energies, 1:30 for Indices, and 1:2 for cryptocurrency.