Choosing the right prop firm can be a difficult task. While many firms claim to offer a competitive entry point to trading, hidden rules and complex challenges can make evaluating competitors difficult. That’s especially true for newer traders, who may be unfamiliar with the broader prop landscape.
This article offers a comprehensive look at two reputable prop firms: Funding Pips and OneFunded. Compared to most competitors, both firms stand out for clear evaluation structures and flexible account options. However, that doesn’t mean they’re on equal footing – as we’ll see, OneFunded emerges as a stronger overall choice thanks to its refundable fee structures and trader-friendly evaluation rules.
Key Points Comparison
- Firm Origins: Funding Pips is a UAE-based firm founded in 2022. OneFunded is a UK-based firm launched in 2024. Both firms are legitimate operators in the prop firm space, having made substantial payouts to traders since inception.
- Challenge Structure: Funding Pips offers four evaluation tracks with varying rules and restrictions. OneFunded offers four plans with consistent payout terms and a uniform trading environment.
- Cost & Value: OneFunded features a lower entry price and a more accessible refund structure (fees are refunded with the first payout on Core and Flash). In contrast, Funding Pips has a four-payout requirement for refunds on eligible tracks.
- Profit Splits & Payouts: OneFunded offers a consistent 80% profit split (upgradable to 90%) across all plans. Funding Pips uses a more unusual mechanism, tying a trader’s profit split to their payout cadence, ranging from 60% to 100%.
Funding Pips Review: Firm Overview
Note: Information from this section was drawn from Funding Pips’ official site and help center.
Funding Pips is a prop trading firm founded in 2022. Led by CEO Khaled Ayesh, Funding Pips is headquartered in the UAE, and positions itself as an institutional-grade operator – the firm claims to have paid out over $200 million in profits since inception. Moreover, Funding Pips advertises a global presence, with traders from over 195 countries on its platform.
The firm operates through a dual structure: ANKH PROP FZCO, based in the UAE, and FundingPips Corp, registered in Comoros under a local financial services license. Traders should note that this framework may be less robust than regulatory oversight found in major jurisdictions.
Funding Pips Challenge Structure
Funding Pips offers four evaluation tracks: a 1-Step Challenge, a 2-Step Challenge, a 2-Step Pro Challenge, and the FundingPips Zero instant-funding program. Each track is designed with different rule profiles, profit targets, and account size ranges – offering both flexibility and customization. In contrast to some competitors, Funding Pips imposes no time limit on any evaluation.
2-Step Challenge
The 2-Step Challenge is Funding Pips’ flagship evaluation model, representing the most common entry point for new traders at the firm. This track divides the evaluation into two phases – the Student phase and the Practitioner phase – before a trader unlocks their funded Master account. Account sizes range from $5,000 to $100,000.
Key terms include:
| Profit Target | 8% (Student) / 5% (Practitioner) |
| Max Drawdown | 10% static |
| Max Daily Loss | 5% |
| Minimum Trading Days | 3 days per phase |
| Time Limit | Unlimited |
If you pass the 2-Step evaluation and reach your fourth payout, you’ll get your challenge fee back. On paper, that refund structure makes the 2-Step one of Funding Pips’ more cost-effective tracks. The catch? Four payouts is a long runway. Breach a rule on your funded Master account three payouts in, and the refund disappears with the account.
2-Step Pro Challenge
The 2-Step Pro uses the same two-phase structure as the Standard 2-Step. Yet essentially every risk number tightens. Fees start at $29 for a $5,000 account – the cheapest entry point Funding Pips offers – and accounts scale to a ceiling of $200,000.
Key terms include:
| Profit Target | 6% (Student) / 6% (Practitioner) |
| Max Drawdown | 6% static |
| Max Daily Loss | 3% |
| Minimum Trading Days | 1 day per phase |
| Time Limit | Unlimited |
No matter how well you perform, this entry fee is non-refundable. On top of that, the odds of violating risk limits are higher than the standard plan. Disciplined traders with clear risk management principles may do fine here. High-variance strategies won’t.
1-Step Challenge
The 1-Step Challenge condenses the evaluation process into a single phase. That can speed things up for traders who don’t want to grind through two evaluation periods. Account sizes run from $5,000 to $100,000, and fees are refundable on the same schedule as the Standard 2-Step – fourth successful payout.
Key terms include:
| Profit Target | 10% |
| Max Drawdown | 6% static |
| Max Daily Loss | 4% |
| Minimum Trading Days | 3 days |
| Time Limit | Unlimited |
This track works best for traders who already know their edges and want to prove it quickly. But faster doesn’t mean easier. This plan combines a higher single-phase profit target and a tighter overall drawdown.
FundingPips Zero (Instant Funding)
The FundingPips Zero track does away with the evaluation process entirely. Instead of completing a phased challenge, traders pay a higher upfront fee and receive an instantly funded Master account from day one. Account sizes for Zero range from $5,000 to $200,000. The trade-off is that Zero comes with the tightest rule set of anything Funding Pips offers – traders need to be watching their risk limits at all times.
Key terms include:
| Profit Target | None (trade immediately) |
| Max Drawdown | 5% trailing |
| Max Daily Loss | 3% |
| Consistency Rule | 15% (permanent) |
| Safety Cushion | First 3% of profit is non-withdrawable |
| Profitable Days | 7 minimum per 30-day period |
| Profit Split | 95% |
| Weekend Holding | Not allowed |
Zero has one feature that can catch traders off guard: the drawdown limit grows with your account balance. As the account equity climbs, so does the breach level – meaning every dollar of profit actually shrinks the margin for error. The account also has a floating loss cap. Unrealized losses cannot exceed 1% of the total account size, restricting position sizing.
As a result, Zero is best-suited to experienced, disciplined traders. Unless your risk management habits are airtight, you’ll find yourself fighting the rules constantly.
Funding Pips Rules and Restrictions
Funding Pips allows most legitimate trading styles, but draws some hard lines. Banned strategies include gap trading, high-frequency trading, hedging, long-short arbitrage, and tick scalping. For most traders, these restrictions won’t matter – but anyone running short-term or latency-dependent strategies needs to read the rulebook carefully before signing up.
A few other restrictions are worth flagging. News trading is prohibited entirely on funded accounts, with positions around high-impact events off-limits. Copy trading isn’t allowed either. And while Expert Advisors are permitted in general, several categories of EA – particularly those designed around high-frequency execution – are not.
Funding Pips Asset Classes
Funding Pips offers access to five asset categories:
- Forex: Major, minor, and exotic currency pairs.
- Cryptocurrencies: Major tokens including Bitcoin and Ethereum.
- Indexes: Global equity indexes such as the S&P 500, Nasdaq, and DAX.
- Metals: Precious metals including gold and silver.
- Energy: Oil and related energy instruments.
Leverage varies by track and asset class. The 2-Step Challenge is the most generous at 1:100 on forex; the 1-Step, 2-Step Pro, and Zero all drop to 1:50, with proportional reductions across other instruments. Note that Funding Pips doesn’t offer individual stocks.
Funding Pips Trading Platforms
Funding Pips runs on three platforms: MetaTrader 5, cTrader, and Match-Trader. MetaTrader 4 isn’t supported – which could be a real sticking point for anyone with strategies purpose-built for that environment.
- MetaTrader 5: MT5 is an institutional workhorse known for its advanced charting tools, multi-asset capabilities, and algorithmic trading support.
- cTrader: A cleaner, faster alternative that many active traders prefer for execution quality. Its cAlgo feature makes it a natural fit for automated strategies. One catch: Funding Pips charges an extra $20 for access to cTrader.
- Match-Trader: The newest of the three, built for the browser and styled around integrated TradingView charts.
In practice, this multi-platform approach allows traders to match the tool to their strategy rather than their strategy to the tool. That said, the $20 surcharge for cTrader could be frustrating, as it raises the cost of entry for some traders.
Funding Pips Profit Share and Payout Schedule
The most unusual thing about Funding Pips is that the firm’s profit split isn’t fixed. Instead, it’s tied to how often a trader wants to withdraw.
- Weekly: 60% profit split. Traders can request withdrawals every Tuesday.
- Bi-Weekly: 80% profit split. Traders can request withdrawals every 14 days. This is the default for most funded traders.
- On-Demand: 90% profit split. Traders can request withdrawals whenever they choose, subject to a consistency rule that caps any single trading day at 35% of total cycle profits.
- Hot Seat (Monthly): 100% profit split. This top tier is reserved for traders who reach the Hot Seat level of Funding Pips’ scaling program, which takes months of sustained performance to unlock.
Funding Pips processes payouts every Tuesday, with funds typically arriving within 1–3 business days. The firm supports cryptocurrency payouts alongside traditional methods.
Funding Pips Scaling Plan
Funding Pips’ scaling plan lets funded traders grow their account size based on demonstrated consistency. The four tiers work as follows:
- Launchpad (Level 1): Unlocked after 4 successful payouts and 10% total profit. Traders receive a 20% capital boost and a 1% increase to their maximum drawdown.
- Ascender (Level 2): Unlocked after 8 successful payouts and 20% total profit. This tier adds a 30% capital boost, an additional 1% drawdown allowance (2% cumulative), and a 1% increase to the daily drawdown limit.
- Trailblazer (Level 3): The third tier in the scaling progression, offering an additional capital boost and further drawdown flexibility for traders who maintain consistent performance.
- Hot Seat (Level 4): Unlocked after 16 payouts and 40% total profit. Doubles the initial account balance, provides on-demand withdrawals at a 100% split, and opens the door to $2 million in total capital.
It’s worth being realistic about the timeline. At the default bi-weekly cadence, 16 payouts means roughly 8 months of consistent performance – assuming zero breaches, zero failed cycles, no hiccups.
Funding Pips Challenge Fees
Funding Pips’ challenge fees vary significantly across the firm’s four evaluation tracks.
| Account Size | Zero | 1-Step | 2-Step Standard | 2-Step Pro |
| $5,000 | $69 | $59 | $36 | $29 |
| $10,000 | $99 | $99 | $66 | $55 |
| $25,000 | $199 | $199 | $156 | $109 |
| $50,000 | $299 | $319 | $289 | $219 |
| $100,000 | $499 | $555 | $529 | $399 |
| $200,000 | $998 | N/A | N/A | $798 |
Refunds are only available on the 1-Step and 2-Step Standard tracks. Even then, the refund isn’t issued until after a trader reaches their fourth successful payout.
OneFunded offers fully refundable fees across both its Core and Flash plans – with no sustained-payout requirement to recover the fee. Start your OneFunded challenge today and let your skill cover your entry fee.
Community and Education
Funding Pips places notable emphasis on community engagement. The firm’s primary community hub is its official Discord server, which serves as a venue for peer-to-peer discussion, strategy sharing, and direct communication with the support team.
The firm also hosts occasional trading competitions and community giveaways. In terms of educational resources, Funding Pips offers a company blog covering topics ranging from trading psychology to platform tutorials and market analysis.
User Reviews
As of the publication of this article, Funding Pips holds a Trustpilot score of 4.5 out of 5, based on over 48,000 reviews. Among positive reviews, traders highlight fast payout processing along with responsive customer support:
5/5 – Al-halil, April 2026: “My first account was a very positive experience, as I didn’t face any issues. Order execution was fast, and the spreads were reasonable compared to other firms.”
With that said, many of the firm’s 1-star reviews describe unexpected rule enforcement or policy changes after passing their challenges:
1/5 – Azar, March 2026: “I passed the evaluation and started trading the Master account, but my account was terminated due to the 3% Risk Per Trade Idea rule.”
1/5 – Renaud, April 2026: “My account was terminated for allegedly trading during a news event. However, I carefully checked the economic calendar before placing my trade… There were no high-impact news events at that time.”
As always, traders should conduct their own research and weigh both positive and negative feedback when evaluating any prop firm.
Final Verdict: Funding Pips
Taken as a whole, Funding Pips presents itself as an established prop firm with a broad challenge menu, a structured scaling plan, and a reported payout history. The firm’s 4.5 Trustpilot score reflects generally positive community sentiment, with particular praise for payout speed and platform usability.
That said, Funding Pips comes with meaningful trade-offs. Refund eligibility is narrower than at some competitors, and the recurring pattern of post-evaluation rule enforcement cited in negative reviews is worth noting.
OneFunded: Firm Overview
Note: Information from this section was drawn from OneFunded’s official site and help center.
OneFunded is a UK-based prop firm that entered the market in 2024, establishing itself as a trader-friendly operator in the space. Its offering centers on a four-plan challenge structure, refundable fees on several plans, and a consistent trading environment across all funding options.
OneFunded positions itself around a trader-first philosophy, built on transparent rules, fully refundable challenge fees, and flexible evaluation formats. Rather than layering restrictive conditions across separate tracks, the firm aims to maintain consistent payout terms and rule structures throughout its menu of challenges.
OneFunded Challenge Structure
OneFunded organizes its challenges around four distinct plans – Value, Core, Flex, and Flash – which range from strict discipline-focused formats to more flexible structures with relaxed risk parameters. OneFunded applies consistent payout terms and a uniform environment across all plans, so a trader’s choice of plan doesn’t affect their downstream trading experience. OneFunded imposes no time limit on any of its challenges.
Value (2-Step) Challenge
Value is OneFunded’s lowest-priced entry point, with fees starting at just $16 for a $2,000 account. This 2-step plan is positioned for disciplined traders who prioritize strict risk control, featuring the lowest profit targets of any OneFunded plan.
Key terms include:
| Profit Target | 6% / 6% |
| Max Drawdown | 8% |
| Max Daily Loss | 4% |
| Minimum Trading Days | 4 days |
| Consistency Rule | 40% |
| Time Limit | Unlimited |
The Value fee is non-refundable, which is the key consideration traders accept for the plan’s low entry price. For traders who are confident in their discipline and want a cheap path to a funded account, this plan offers an accessible option.
Core (2-Step) Challenge
Core is OneFunded’s flagship 2-step plan and the firm’s most popular challenge. It features balanced profit targets, moderate risk limits, and – critically – a fully refundable fee structure. Unlike Funding Pips’ refund model, which requires four successful post-evaluation payouts, OneFunded refunds the Core fee with a trader’s first payout.
The Core plan is called ‘core’ for a reason. This evaluation uses a classic prop firm structure and is suitable for both beginner and experienced traders. For traders who are unsure exactly where to start, Core offers a balanced approach.
Key terms include:
| Profit Target | 8% / 5% |
| Max Drawdown | 10% |
| Max Daily Loss | 5% |
| Minimum Trading Days | 3 days |
| Consistency Rule | 50% |
| Time Limit | Unlimited |
Because of the plan’s refundable fee, Core effectively carries a net cost of zero for successful traders. This structure de-risks the evaluation for skilled traders, since only those who fail the challenge ultimately pay the fee.
Flex (2-Step) Challenge
Flex is OneFunded’s premium 2-step plan, designed around maximum flexibility in trading style. Flex takes a different approach to consistency than the rest of OneFunded’s lineup – there isn’t one. No consistency cap during the evaluation, and none on the funded account.
Key terms include:
| Profit Target | 7% / 4% |
| Max Drawdown | 10% |
| Max Daily Loss | 4% |
| Minimum Trading Days | 3 days |
| Consistency Rule | None |
| Time Limit | Unlimited |
Flex uses a unique reward structure – rather than issuing a cash refund, successful traders receive a free challenge account upon completion. This incentive encourages traders to scale their operations immediately, potentially doubling their funded exposure at no additional cost.
Flash (1-Step) Challenge
Flash is OneFunded’s 1-step plan, built for traders who want a faster path to funding. Like the Core plan, Flash features a fully refundable fee structure. Account sizes range from $2,000 up to $200,000.
Key terms include:
| Profit Target | 10% |
| Max Drawdown | 6% |
| Max Daily Loss | 4% |
| Minimum Trading Days | 5 days |
| Consistency Rule | 50% |
| Time Limit | Unlimited |
OF Flash’s combination of a higher single-phase profit target (10%) and tighter overall drawdown (6%) makes it best suited to confident, execution-focused traders. That said, the refundable fee structure and faster evaluation timeline give this plan a strong value proposition for experienced traders.
What Sets OneFunded Apart
Non-Breaching Consistency Rule
At many prop firms, violating a consistency rule risks triggering an evaluation failure. But at OneFunded, the firm’s consistency rule works differently. Rather than triggering an immediate failure or a hard breach, traders are allowed to keep trading until they fall back under the consistency rule. This non-breaching consistency rule is a key differentiator, giving traders greater leniency surrounding evaluation failure.
Refundable Fees on First Payout
While some prop firms offer refundable fees, these refunds are usually only processed after several account payouts. At Funding Pips, it takes four successful payouts to be eligible to earn back the challenge fee. At OneFunded, eligible fees are refunded on the first payout, not the fourth.
Low Entry Points – No Compromise
OneFunded’s OF Value plan stands out as another key differentiator. Unlike Funding Pips’ lowest-priced plan, OF Value doesn’t feature substantial restrictions compared to other OneFunded plans. Profit split options are identical to more expensive challenges – meaning even traders with limited capital have a path to unlock a comprehensive trading experience.
OneFunded Rules and Restrictions
OneFunded allows traders to implement a wide variety of trading strategies. Prohibited strategies include trading on delayed charts, latency arbitrage, and tick scalping.
Other key OneFunded rules include:
- News Trading: OneFunded does allow trading during high-impact news events. With that said, if OneFunded determines that a trader is exploiting abnormal volatility during news events, their trades may be subject to review.
- Overnight Holding: Traders are allowed to hold their positions overnight. However, swap fees or overnight financing charges may apply.
- Expert Advisors: EAs are allowed on the platform, but they must be pre-approved by OneFunded before use.
OneFunded Asset Classes
OneFunded offers access to over 250 instruments across multiple asset classes:
- Forex: 55+ currency pairs spanning majors, minors, and exotics.
- Cryptocurrencies: 15+ digital assets, including major tokens like Bitcoin and Ethereum as well as select altcoins.
- Indexes: Major global stock indexes, including the S&P 500, Nasdaq, and DAX.
- Metals: Precious metals, including gold and silver.
- Stocks: Both US and EU-listed equities.
OneFunded’s inclusion of individual stocks is a meaningful point of differentiation from Funding Pips. Leverage at OneFunded varies by asset class: up to 1:100 on forex, 1:30 on commodities and indexes, and 1:2 on cryptocurrencies – applied consistently across all plans.
OneFunded Trading Platforms
OneFunded offers traders a choice of three modern trading platforms: MetaTrader 5, cTrader, and TradeLocker. For traders familiar with TradingView’s charting interface, TradeLocker’s native integration with TradingView can be a meaningful draw.
OneFunded does not have a surcharge for any of these platforms. In contrast, Funding Pips applies a $20 surcharge for cTrader access.
OneFunded Profit Share and Payout Schedule
OneFunded applies a consistent profit split structure across all four of its plans. Traders receive a standard 80% profit split, with the option to scale up to 90% by purchasing a profit split add-on at checkout. Unlike Funding Pips’ tiered Reward Cycle structure, OneFunded’s split is not tied to payout frequency.
The firm’s default payout cadence is every 14 days, with a minimum payout amount of $100 and a 24-hour processing window. Traders who prefer faster access to their profits can shorten the cadence to every 7 days via OneFunded’s Weekly Payout Add-on.
OneFunded’s transparent profit splits give traders an 80%–90% share from day one of accessing a funded account. Start your OneFunded challenge today.
OneFunded Challenge Fees
| Account Size | Value | Core | Flex | Flash |
| $2,000 | $16 | N/A | N/A | $29 |
| $5,000 | $32 | $45 | $54 | $56 |
| $10,000 | $62 | $89 | $107 | $98 |
| $25,000 | $88 | $125 | $150 | $138 |
| $50,000 | $137 | $195 | $234 | $215 |
| $100,000 | N/A | $361 | $433 | $397 |
| $200,000 | N/A | $650 | $780 | $715 |
OneFunded’s Core and Flash plans are fully refundable on the trader’s first payout after passing the evaluation, while Flex rewards successful traders with a free challenge account.
Community and Education
OneFunded maintains an active trader community through its Discord server, which currently counts about 5,000 members. The server operates as a hub for peer-to-peer discussion, strategy sharing, and direct communication with the firm’s support team.
What’s more, OneFunded operates a distinctive Rewards Center, which functions as a loyalty program for active traders. Milestones like passing a challenge, verifying identity, or reaching a payout accumulate Reward Points – which can then offset the cost of future challenges (discounts of 15–50%) or unlock a free $5,000 challenge account outright.
User Reviews
As of the publication of this article, OneFunded holds a Trustpilot score of 4.4 out of 5. Among positive reviews, traders frequently highlight the firm’s transparent rules, responsive support team, and refundable fee structure:
5/5 – Ma Cheerel, March 2026: “I love the simplicity of the system. This company is very reliable in everything, from the service to the support of the community. Great experience here. Highly recommended!”
5/5 – Shareef, Feb 2026: “OneFunded is definitely one of the best trading prop firms I have ever worked with! I am looking forward to a long successful journey with them!”
Final Verdict: OneFunded
Taken as a whole, OneFunded is a focused, trader-first prop firm built around transparency and flexibility. The firm’s combination of fully refundable fees on Core and Flash plans, straightforward profit splits, and broad asset coverage gives it a clear value proposition for traders.
Traders looking for a multi-million-dollar capital ceiling should understand that OneFunded does not have a formal scaling plan. Nonetheless, for traders whose priorities center on refundable fees, straightforward rules, and a clear path to funding, OneFunded offers a compelling entry point into prop trading.
Head-to-Head: Funding Pips vs OneFunded
Having reviewed both firms in detail, it’s worth placing their core features side-by-side for a direct comparison.
| Feature | Funding Pips | OneFunded |
| Headquarters | UAE | United Kingdom |
| Year Founded | 2022 | 2024 |
| Evaluation Plans | 1-Step, 2-Step, 2-Step Pro, Zero | Value, Core, Flex, Flash |
| Account Sizes | $5,000 – $200,000 | $2,000 – $200,000 |
| Minimum Entry Fee | $29 | $16 |
| Refundable Fees? | 1-Step and 2-Step Standard only (after 4th payout) | Core and Flash (with 1st payout); Flex (free account reward) |
| Profit Split | 60% – 100% (tied to payout cadence) | 80% standard, 90% with add-on |
| Payout Cadence | Weekly, Bi-weekly, On-demand, or Monthly | Bi-weekly (or weekly with add-on) |
| Time Limit | Unlimited | Unlimited |
| Trading Platforms | MT5, Match-Trader, cTrader ($20 surcharge) | MT5, cTrader, TradeLocker |
| Asset Classes | Forex, Crypto, Indexes, Metals, Energy | Forex, Crypto, Indexes, Metals, Stocks |
| Individual Stocks? | No | Yes (US and EU equities) |
| Forex Leverage | Up to 1:100 (2-Step); 1:50 (other tracks) | Up to 1:100 (all plans) |
| Trustpilot Score | 4.5 / 5 | 4.4 / 5 |
On the cost side, OneFunded offers both a lower entry point ($16 vs $29) and a more competitive refund structure (two plans refundable with the first payout). In contrast, Funding Pips offers a more developed scaling path for traders who need larger account balances.
OneFunded’s refundable fees, transparent splits, and broad asset coverage make it a competitive prop trading partner. Start your OneFunded challenge today.
Final Verdict: Which Prop Firm Is Right for You?
Both Funding Pips and OneFunded have strengths. Funding Pips offers a large trading community and a scaling program that potentially extends up to $2 million. For ambitious traders focused on accessing large capital allocations, the firm’s scaling plan could be a powerful draw.
That said, OneFunded is likely the stronger choice for most traders. The firm’s refundable fee structure returns traders’ entry costs with their first payout – not their fourth – and applies to two popular plans. What’s more, OneFunded’s consistent rule profile across plans, broader asset coverage (including US and EU equities), and transparent profit splits eliminate many of the friction points that can complicate a trader’s path.
Ready to start your prop trading journey? Launch your OneFunded challenge today and take advantage of refundable fees, transparent rules, and profit splits up to 90%.
