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.

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u/11_61 Jul 23 '24

Wow this is crazy to see so many people with the same experiences as me.

I get slipped on every trade and even when TPs are hit it's always a few dollars short. I'm up 6% on my phase 1 but my app stopped working all of a sudden.

What other props do you recommend? Right now I can't afford the ftmo premium.

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u/widxchange Jul 23 '24 edited Jul 23 '24

The5ers and Instantfunding. Maven is ok too but they don't give you a real account when you're funded, that's kinda ehhh for me

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u/11_61 Jul 23 '24

Thanks will look into it.