FundingPips – Scam or Legitimate Prop Firm?

Posted on September 19, 2025 at 12:01 AM

FundingPips – Scam or Legitimate Prop Firm?


Company Overview

FundingPips is a proprietary trading firm based in Dubai, founded in 2020 by Khaled Ayesh. The firm offers evaluation challenges ranging from $5,000 to $100,000, aiming to provide traders with funded accounts upon successful completion. They promote a tech-first approach, emphasizing zero reward denials and flexible reward cycles. (DailyForex)


Public Perception and User Experiences

Negative Feedback

  • Execution and Slippage Issues: Several traders have reported deteriorating trading conditions after advancing to higher evaluation phases. Complaints include increased slippage, delayed order executions, and unfavorable fills on limit orders. (Reddit)

  • Account Closures and Rule Enforcement: There are allegations of accounts being closed without clear reasons, even after traders adhered to the firm’s rules. Some users claim that previously stated rules were changed or inconsistently enforced. (Reddit)

  • Unsolicited Offers to Remove Negative Reviews: A Reddit user reported receiving a message from an anonymous account offering payment to remove a negative review about FundingPips. (Reddit)

  • Data Usage Concerns: A discussion in the Islamic Finance community raised concerns about how FundingPips utilizes trader data, with the CEO mentioning that their revenue includes income from trading activities and data usage. (Reddit)

Positive Feedback

  • Responsive Customer Support: Some users have praised FundingPips for their responsive customer service, highlighting quick replies and helpful assistance. (Trustpilot)

  • Smooth Payouts: A number of traders reported receiving payouts without issues, noting the firm’s straightforward rules and transparent processes. (Prop Firm Match)

  • User-Friendly Platform: Feedback indicates that the platform is easy to navigate, with low spreads and fast execution, contributing to a positive trading experience. (Prop Firm Match)


Regulatory Status and Transparency

FundingPips operates without clear regulatory oversight, which may pose risks for traders seeking protection under financial regulations. (WikiFX) Additionally, the firm’s lack of transparency regarding its management and operational practices has been a point of concern for some users. (Wikibit Forex)


Conclusion

FundingPips presents a mixed reputation within the trading community. While some traders report positive experiences with customer support and payouts, others highlight issues such as inconsistent rule enforcement, account closures, and concerns over data usage. The absence of regulatory oversight further complicates the firm’s standing. Prospective traders should exercise caution, thoroughly review the firm’s terms and conditions, and consider the experiences shared by the trading community before engaging with FundingPips.