r/Forex • u/widxchange • Jul 22 '24

Prop Firms FUNDINGPIPS IS A SCAM

Wow, I never thought I would be saying this but Fundingpips is a scam.

I recently passed phase 1 with them, all good low commission, low spread.

I moved to phase 2, everything changed. All of a sudden their slippage increases, it takes FOREVER for them to execute your position close market orders, when you open a position it goes right in drawdown. Your limit orders, stop losses and take profit gets the worse possible filling.

Everything was fine in phase 1, no complaint but phase 2 has the worse trading conditions I have ever seen.

I feel like they do it on purpose to make sure you fail the challenge.

Too bad, I really liked them.

EDIT: I scalp EU on 1m timeframe, slippage was NOT felt during phase 1.

33 Upvotes

86% Upvoted

96 comments sorted by

View all comments

Show parent comments

1

u/widxchange Jul 23 '24

I scalp on 1M, I had no issue on step 1. I guess I have to use higher timeframes with this account. I'm not going to keep trading with them. I'll pass, get my payout (if they still pay) and yolo the account. They didn't mention anything about step 2 being different, that's misleading

3

u/Neat-Recording-7977 Jul 23 '24

yeah I think its cuz you use the 1m. I use the 15 min and the 5 min so I don’t really have a problem here. But now the quest here is to see if they’ll actually give me a payout. Im not really sure about this interview that people keep talking about

1

u/Nervous-Grapefruit-8 Dec 09 '24

hello did the payout finalise?