Overview of Funding Pips
Funding Pips, established in 2023 and based in the United Arab Emirates, offers a wide range of trading assets including Forex, Metals, Oil, Indices, Stocks, ETFs, and Cryptocurrencies.
Operating without regulatory oversight, it provides a user-friendly cTrader platform with competitive spreads starting from 0.0 pips for ECN accounts. The brokerage supports various account types such as Standard STP, ECN, ECN Plus, and Islamic accounts, with flexible leverage up to 1:500.
Funding Pips facilitates deposits and withdrawals through multiple methods like Visa, Mastercard, and cryptocurrencies.
Regulatory Status
Funding Pips is not regulated by any authority. This lack of regulation means there is no official oversight to ensure fair practices, protect your funds, or resolve disputes. Trading on an unregulated platform can be risky, as there are no guarantees your money is safe or that the platform operates transparently.
Pros and Cons
Pros:
- Competitive spreads (e.g., starting from 0.0 pips for ECN accounts):
Funding Pips offers competitive spreads, such as starting from 0.0 pips for ECN accounts. Low spreads reduce trading costs and are attractive to traders looking for cost-effective trading opportunities.
- Wide range of trading instruments (over 2,100 assets):
With a wide selection of over 2,100 trading instruments, Funding Pips provides ample opportunities for traders to diversify their portfolios and explore various markets, including Forex, stocks, indices, commodities, and cryptocurrencies.
- Multiple payment methods available (Visa, Mastercard, cryptocurrencies, UPI, etc.):
Funding Pips supports a variety of payment methods, including Visa, Mastercard, cryptocurrencies, UPI (Unified Payments Interface), and more. This flexibility allows traders to fund their accounts conveniently and securely, accommodating a global clientele.
- User-friendly cTrader platform with advanced tools:
The cTrader platform offered by Funding Pips is known for its user-friendly interface and advanced trading tools. It provides features like advanced order management, customizable charts, and technical analysis tools, enhancing the trading experience for both novice and experienced traders.
- Advanced technical analysis tools (65+ indicators, 8 drawing tools):
Traders on Funding Pips can utilize over 65 technical indicators and 8 drawing tools to conduct market analysis. These tools enable traders to make informed decisions based on detailed price movements and trends, enhancing trading strategies and accuracy.
Cons:
- Lack of clarity on minimum deposit and withdrawal fees:
Funding Pips lacks clear and transparent information regarding minimum deposit requirements and withdrawal fees on their platform. This lack of clarity can be inconvenient for traders who need to understand the financial implications of funding and withdrawing from their accounts.
One notable issue is that Funding Pips operates without regulatory oversight, which raises questions about investor protection and operational transparency. Traders should consider the risks associated with trading on unregulated platforms and ensure they conduct thorough due diligence before engaging in trading activities.
Market Instruments
Funding Pips offers a wide range of over 2,100 instruments, providing opportunities across multiple asset classes.
Currencies
Funding Pips offers extensive access to the global forex market, with over 50 currency pairs to trade. Traders can engage in major, minor, and exotic pairs, benefiting from competitive spreads starting as low as 0 pips. This range provides ample opportunities for those interested in the foreign exchange market, whether they prefer the stability of major pairs or the volatility of exotic ones.
Commodities and Metals
Investors can diversify their portfolios by trading commodities like oil, gold, and other precious metals. These assets allow traders to hedge against market volatility and inflation. Commodities and metals often react differently to economic events compared to traditional assets, offering unique trading opportunities.
Stocks
Funding Pips provides a selection of global stocks, enabling traders to invest in some of the worlds leading companies. With minimal transaction fees, this platform offers a cost-effective way to enter the equity markets. This accessibility allows traders to participate in the performance of global giants without substantial capital requirements.
Crypto
For those interested in digital assets, Funding Pips includes a variety of cryptocurrencies. Traders can capitalize on the dynamic and rapidly changing crypto market. This segment of trading is appealing due to its high potential returns and the growing adoption of cryptocurrencies in financial ecosystems.
Account Types
Funding Pips provides four account types, including:
Standard STPThe Standard STP account is geared towards novice traders who are looking for a straightforward entry into the trading world. This account offers direct market access with no commissions, which simplifies the trading process for beginners. The spreads start from 1.0 pip, providing a clear and predictable cost structure. With its easy market access and no additional commission fees, the Standard STP account is suitable for those who are new to trading or prefer a simple, low-cost way to get started.
ECNThe ECN account is designed for more experienced traders who require deeper liquidity and tighter spreads. With spreads starting from 0.0 pip and a commission of $3.5 per side, this account is well-suited for traders who focus on high-frequency trading or scalping strategies where every pip matters. The ECN account offers access to a broad range of liquidity providers, ensuring that traders can execute large orders without significant price impact. This setup appeals to those who seek competitive pricing and advanced trading conditions.
ECN PlusThe ECN Plus account is tailored for professional traders who demand institutional-grade liquidity and the best trading conditions. With spreads also starting from 0.0 pip but a lower commission of $2.5 per side, this account type is ideal for traders who manage substantial volumes or operate in high-stakes trading environments. The ECN Plus account provides access to even deeper liquidity and minimal spreads, making it suitable for traders who need precise and cost-efficient execution for their trades.
IslamicThe Islamic account is specifically structured for traders who adhere to Sharia law and need to avoid swap fees on overnight positions. This account type allows positions to be held over several days without incurring any interest charges. With spreads starting from 1.0 pip and a commission of $2.5 per side, it aligns with the financial and ethical requirements of traders seeking to comply with Islamic finance principles. This account is particularly appropriate for long-term investors and those who need to keep trades open for extended periods while adhering to religious guidelines.
How to Open an Account？
1. Register
- Visit the Funding Pips website and select “Open an Account” or “Sign up”.
- Choose the type of account you want to open.
- Fill out the application form with your personal details and create your login credentials.
2. Verify
- Upload the required identification documents through the digital onboarding system.
- Complete the verification process promptly using their secure platform.
3. Fund
- Log into your newly created account.
- Choose from a variety of funding methods to deposit money into your trading account.
- Follow the instructions to complete the deposit process.
4. Trade
- Once your account is funded, access the trading platform.
- Select from over 2,100 instruments available.
- Start trading and managing your investments on your live account.
Leverage
Funding Pips offers a maximum leverage of 1:500. This high leverage allows traders to control larger positions with a smaller amount of capital, increasing potential returns.
Spreads & Commissions
Funding Pips provides a range of spreads and commissions tailored to different trading needs.
Spreads
- The Standard STP account has spreads starting from 1.0 pip, ideal for beginners who want straightforward costs without commission fees.
- Both the ECN and ECN Plus accounts offer spreads from 0.0 pip, suitable for experienced traders seeking tight spreads and deep liquidity.
- The Islamic account also starts at 1.0 pip, accommodating traders who require Sharia compliance without swap fees.
Commissions
- The Standard STP account charges no commission, simplifying cost management for new traders or those with lower volumes.
- The ECN account has a commission of $3.5 per side per lot, aligning with other brokers like IC Markets for traders who need tight spreads and direct market access.
- The ECN Plus account offers a reduced commission of $2.5 per side per lot, making it cost-effective for professional traders handling large volumes.
- For the Islamic account, the commission is $2.5 per side per lot, combining fair fees with compliance for those avoiding overnight interest.
Comparison and SuitabilityCompared to brokers like IG or Forex.com, Funding Pips' low spreads and competitive commissions make it a strong option for cost-conscious traders. It's well-suited for:
- Beginners (Standard STP) who prefer no commissions.
- Experienced/professional traders (ECN and ECN Plus) who need minimal spreads and low transaction fees.
- Sharia-compliant traders (Islamic) who avoid swap fees and still enjoy competitive costs.
Trading Platform
Funding Pips cTrader provides a mobile trading platform that supports Forex, Metals, Oil, Indices, Stocks, and ETFs. It offers direct processing (STP) and No Dealing Desk (NDD) execution, ensuring efficient trade execution without interference. Traders can log in easily using Facebook, Google, or a cTrader ID, accessing advanced order management, symbol watchlists, and customizable settings.
The platform includes detailed market insights such as Symbol Information and Trading Schedules, helping traders understand assets and market hours. Integration with news sources keeps users informed about market-moving events. Advanced charting tools allow for in-depth analysis with 4 chart types (including Candlesticks and Line Charts), 65 technical indicators, and 8 drawing tools.
Users can manage trades effectively with features like Price Alerts, Trade Statistics, and QuickTrade Mode for one-click trading. Sophisticated technical analysis tools include customizable indicators and drawings. Alert configurations for push and email alerts ensure timely updates on trading events.
Deposit & Withdrawal
Funding Pips offers a variety of payment methods for deposits and withdrawals, ensuring flexibility and convenience for traders. Accepted methods include Visa, Mastercard, cryptocurrencies, UPI (Unified Payments Interface), Centiwise, mobile payments, and bank transfers across Africa.
However, specific details such as minimum deposit requirements and associated fees are not clarified on the platform's website. Traders should verify these details directly with Funding Pips or through customer support to understand the financial implications of using each payment method.
Customer Support
Funding Pips provides customer support via phone at +971 043432219 and email at info@fundingpips.net. Their team is available to assist with trading inquiries, account issues, and technical support. For prompt assistance, you can reach them during business hours through these contact details.
Conclusion
In summary, Funding Pips offers a broad spectrum of financial instruments and advanced trading tools via the cTrader platform. It operates without regulatory oversight. The platform features competitive spreads and multiple account options, accommodating various trading preferences.
While the lack of regulatory supervision can be a consideration, Funding Pips supports global traders with various payment methods and accessible customer support.
FAQ
What trading assets are available on Funding Pips？
Funding Pips offers a wide range of assets including Forex, Metals, Oil, Indices, Stocks, ETFs, and Cryptocurrencies.
How can users fund my account on Funding Pips？
Users can fund your account using Visa, Mastercard, cryptocurrencies, UPI, and various other payment methods available on the platform.
What trading platforms does Funding Pips support？
Funding Pips supports the cTrader platform, known for its user-friendly interface and advanced trading tools.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
