FundingPips operates a fake prop trading firm that collects challenge fees but never pays out profits. They use rigged platforms and impossible rules to prevent payouts.
FundingPips is a fake prop trading firm that operates by collecting challenge fees from traders but never providing actual funding or payouts. They use sophisticated tactics to disqualify traders and keep all challenge fees.
FundingPips advertises large funding amounts (up to $200K) with reasonable-looking rules and profit splits.
Traders pay challenge fees ($100-$1000+) to attempt the trading challenge and qualify for funding.
The trading platform is manipulated with artificial slippage, delayed execution, and altered price feeds.
Through platform manipulation and changing rules, traders are forced to fail challenges and lose fees.
"Passed the challenge, then they claimed I violated a rule that wasn't in the original terms. $500 challenge fee gone."
"Platform kept freezing during profitable trades. Lost the challenge on day 29 due to 'system maintenance'."
| Firm | Fee | Payout Rate |
|---|---|---|
| FundingPips | $299+ | 0% |
| FTMO | $250+ | ~15% |
| The5%ers | $219+ | ~12% |