Funding Pips has carved out a massive reputation as the “trader’s firm.” But does their flagship Two-Step Evaluation actually live up to the hype? With an entry point as low as $29 and the lure of the famous “Tuesday Payday,” it’s easy to see why thousands are signing up.
| Funding Pips Firm Overview | Visit Overview |
| Claim Discount |
| Account Sizes Available | 100k, 10k, 25k, 50k, 5k |
|---|---|
| Profit Traget | 5% Second Stage, 8% First Stage |
| Maximum Loss | 10% |
| Maximum Daily Loss | 5% |
| Minimum Trading Days | 3 Days |
| Rewards | Bi weekly, Daily, Monthly, On Demand, Payday |
| Consistency | Depends on Reward Plan |
| Leverage | 1:100 |
| FX Leverage | 1:100 |
| Metals Leverage | 1:30 |
| Indices Leverage | 1:20 |
| Crypto Leverage | 1:2 |
| News Trading | Allowed with Restrictions |
| Fee Refund | Yes With Conditions |
Who is this For (Trader Compatibility)
| Asset Class | Leverage | Rating | Best For… |
| Forex | 1:100 | ⭐⭐⭐⭐⭐ | High-frequency scalping and intraday precision. |
| Metals | 1:30 | ⭐⭐⭐ | Disciplined gold traders (Superior to the 1-Step 1:10). |
| Indices | 1:20 | ⭐⭐ | Low-risk macro trend followers. |
| Crypto | 1:2 | ⭐ | Basically unusable for active day trading. |
The Good: A Scalper’s Paradise (Forex)
At 1:100, the Forex leverage is the highlight of the Two-Step account.
Capital Efficiency: For a $100k account, 1:100 leverage allows you to control up to $10,000,000 in notional value, giving you the “buying power” needed to capitalize on 5–10 pip moves.
The Decent: Better Than 1-Step (Metals)
If you trade Gold ($XAUUSD$), the 1:30 leverage is a significant upgrade over Funding Pips’ 1-Step model, which limits you to 1:10.
- Breathing Room: Gold is famously volatile. 1:10 is often too restrictive for traders who want to set wider stops or scale into positions.
- The Catch: While 1:30 is “decent,” it still requires strict lot-size discipline compared to the 1:100 provided for Forex.
Who is this account for (Verdict)
Ideal Candidate: A Forex-first scalper who occasionally trades Gold. You value high buying power on currency pairs and use Gold as a secondary asset. You likely avoid Crypto or Indices due to the restrictive margin requirements.
The Bad: Not Good for Crypto
The 1:2 leverage on Crypto is arguably the weakest part of this product.
There are other better Prop Firms that are good for crypto and offer higher leverage.
- Low Volatility Capture: Unless Bitcoin or Ethereum moves 5%–10% in a single direction, 1:2 leverage makes it nearly impossible to hit an 8% profit target within a reasonable timeframe without taking massive “all-in” risks.
- Margin Hog: To open a meaningful position on Bitcoin, you have to tie up nearly half the value of the trade in margin. This essentially locks your account from trading other pairs simultaneously.
- Verdict: If your primary strategy is Crypto, this account is not built for you. It is meant for “hedging” or very long-term swing trades only.
The Honest Verdict: Pros & Cons
Pros
- Affordability: With challenges starting as low as $29 for a $5,000 account, it is one of the most accessible entry points for new traders.
- No Time Pressure: The lack of a maximum trading day limit means you can wait for the best setups without feeling forced to trade.
- Fast Onboarding: Once a phase is passed, accounts are typically issued within 24–48 hours.
- Reliable Payouts: They have a strong track record of “Zero Reward Denials” for traders who follow the rules.
Cons
- Equity-Based Daily Drawdown: The 5% daily loss is calculated based on the higher of balance or equity at the start of the day, which can be tricky for swing traders holding open positions.
- Slippage Reports: Some community members (notably on Reddit) have reported occasional slippage during high-volatility events, though this is common across most demo-environment firms.
- Withdrawal Fee: There is a fixed $10 fee for payout processing.
How you get Paid at 2 Step Account
Before you click “Confirm” on your Reward Plan, stop and think. Funding Pips does not allow you to switch reward cycles once they are selected. Choosing a plan is a one-time decision that stays with your Master account for its entire lifespan. You cannot start with a Weekly (60%) plan to “test the waters” and then switch to Monthly (100%) later to get more money.
| Reward Plan | Profit Split | Consistency Requirement | Best For… |
| Tuesday Payday | 60% | ⭐ Low (Standard Risk Rules) | Traders who want cash every week. |
| Bi-Weekly | 80% | ⭐⭐ Moderate | Balanced traders seeking a higher split. |
| Monthly | 100% | ⭐⭐⭐ High | Patient traders maximizing every dollar. |
| On Demand | 90% – 100% | ❗ 35% Consistency Rule | Pros who trade consistently every day. |
| Daily (Pro) | Variable | Evaluation Only (35% Score) | High-volume scalpers on the Pro model. |
Final Thought
Funding Pips is a top-tier choice for traders who value flexibility and low costs. The “Tuesday Payday” and 100% profit split potential are industry-leading features. However, traders must remain vigilant about the equity-based drawdown and the specific news-trading restrictions on the Master account. If you are a disciplined trader who prefers a “no-rush” environment, the Funding Pips Two-Step account is an excellent vehicle for your trading career.
