Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
8/10 · CriticalIts only licence, Comoros MISA BFX2024004, expired on 23 January 2026 and comes from a registrar the Comoros central bank calls a fabricated body; it is still shown as a current full licence.
Identity & transparency
6/10 · HighAn entity and addresses are named, but the deposit site is a thin template with a mismatched support number and is not the firm's official site, so who stands behind it is unclear.
Withdrawals & conduct
4/10 · ModerateThe prop firm pays out at scale and answers complaints; a minority report account closures and KYC disputes near payout, but there is no advance-fee pattern and no fund-loss reports tied to the deposit site.
Reputation
5/10 · ModerateThe prop-firm brand is strongly positive (4.5 out of 5 over about 69,600 reviews), but the deposit site on record has no track record of its own and its offshore risk is widely flagged.
Website claims
8/10 · Criticalfundingpips.net calls itself a 'fully licensed brokerage' offering 'regulatory compliance and peace of mind' on a licence that is expired and disavowed.
Operational history
4/10 · ModerateThe brand dates to 2022 and is established, but the deposit site dates to 2024 and the Comoros entity's incorporation could not be dated.
Who they are
A quick desk file on the company behind the brand.
- Brand: FundingPips
- Legal entity (on record): FundingPips Corp, a Comoros company (number HY01223081). The prop-firm arm operates through UAE companies (ANKH PROP FZCO and FP Funding LLC, Dubai) and a newer Mauritius company (FundingPips Ltd).
- Registered: Bonovo Road, Fomboni, Island of Moheli, Comoros Union; physical office given as 22nd Floor, Bay View Tower, Business Bay, Dubai.
- Website: this record lists fundingpips.net as the main site; the genuine prop firm's official site is fundingpips.com, with app.fundingpips.com for its trader dashboard.
- Only licence: Comoros MISA BFX2024004, issued 23 January 2024, ended 23 January 2026 (expired).
- Offers: fundingpips.net advertises live forex and CFD accounts that take deposits; the genuine FundingPips business sells simulated-trading evaluation challenges and funded Master accounts.
- Not accepted: residents of the United States, Canada and Iran.
- Age claim: the FundingPips brand dates to 2022; the fundingpips.net brokerage page dates to 2024.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
MISA (Mwali International Services Authority), Comoros
Why we reached this verdict
How the evidence adds up.
We rate the deposit-taking site on record as high risk and unverified, for several reasons.
- The only licence is worthless. Comoros MISA BFX2024004 comes from a body the Comoros central bank (Banque Centrale des Comores) has described as a fabricated register with no legal standing to license financial firms.
- That licence has expired. The Mwali register shows it ended on 23 January 2026, yet fundingpips.net still presents it as a current, full brokerage licence.
- The deposit site contradicts the real business. The genuine FundingPips runs only simulated-trading accounts and states it holds no client money, while fundingpips.net invites real deposits into live accounts.
- The genuine firm has moved on. Industry reporting shows FundingPips obtained a Mauritius Investment Dealer licence in June 2026 and now presents brokerage under that separate company, which fundingpips.net does not reflect.
- The site is thin and inconsistent. It is a small template with a name-and-email sign-up form, generic app-store download links, and a support number whose printed digits differ from the number it actually dials.
- We cannot confirm it is safe. fundingpips.net is not the firm's official site and is not tied to its current regulated vehicle, so deposits there cannot be treated as protected.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The Comoros MISA register entry for licence BFX2024004 lists FundingPips Corp (company HY01223081), website fundingpips.net, issued 23 January 2024 with a licence end date of 23 January 2026, meaning the licence period has ended.
E2The MISA authorised-brokerage list shows FundingPips Corp as entry 142 with licence BFX2024004 tied to fundingpips.net and a static 'Active' label, which conflicts with the expiry date on the detail page.
E3Industry reporting states the Banque Centrale des Comores has described the MISA register as a fabricated entity whose authorities lack legal standing to license financial firms, and that FundingPips obtained a Mauritius Investment Dealer licence in June 2026, now presenting brokerage under that entity rather than its Comoros registration.
StrongFinance MagnatesE4fundingpips.net presents itself as a 'fully licensed forex brokerage' offering live, deposit-funded accounts (a 'Fund' step and 'Start trading on your live account'), citing the FundingPips Corp Comoros entity and the MISA licence in its footer.
Strongfundingpips.netE5An independent review confirms the genuine FundingPips is a simulated-trading prop firm where traders fund evaluations to trade virtual capital and reach funded Master accounts, not a real broker holding client deposits, which contradicts the fundingpips.net deposit-brokerage framing.
ModeratePropTradingVibes reviewE6Domain records show fundingpips.com was registered on 6 September 2022 (the established official prop-firm site), while fundingpips.net was registered later, on 6 February 2024, on a different registrar.
ModerateVerisign RDAP domain recordsE7Trustpilot shows the genuine FundingPips prop firm at 4.5 out of 5 across 69,569 reviews (82 percent five-star, 8 percent one-star), with the company replying to 99 percent of negative reviews; the reviews describe evaluations, payouts and Master accounts.
StrongTrustpilotE8fundingpips.net is a thin template: its sign-up page is a single name-and-email form, its app links point to generic MetaTrader downloads, and its displayed support number (+971 45768545) differs from the number the link actually dials (+971043432219).
Moderatefundingpips.netE9The minority one-star reviews for the prop firm cite accounts closed or restricted without clear explanation and KYC or rule-interpretation disputes, while most reviews report fast payouts and smooth onboarding.
ModerateTrustpilot
The other side
The strongest case in this broker’s favour.
In fairness, there is a real, substantial business behind this brand, and several points weigh in its favour.
- The prop firm is genuine and heavily used. It has paid out well over 100 million dollars across more than 127,000 verified payouts, and holds 4.5 out of 5 on about 69,600 Trustpilot reviews.
- The company is responsive, having replied to 99 percent of its negative reviews, usually within two days.
- The licence and entity are real on paper: FundingPips Corp and licence BFX2024004 do appear on the Comoros MISA register, so this is not an invented number.
- The group is moving toward stronger oversight, reportedly securing a Mauritius Investment Dealer licence in 2026, a jurisdiction with a functioning regulator.
- fundingpips.net may simply be an older, neglected Comoros-era brokerage page rather than an active trap. No regulator warning names it, and we found no first-hand reports of deposits lost at that exact site.
What would change this
What we would need to see to revise the verdict.
We would revisit this rating if any of the following were shown.
- FundingPips confirms on its official fundingpips.com site that fundingpips.net is an authorised part of its business, backed by a current, valid licence.
- The brokerage on fundingpips.net is shown to operate under the firm's Mauritius FSC Investment Dealer licence, with the page updated to reflect it.
- fundingpips.net stops displaying the expired Comoros MISA licence as current and corrects its 'fully licensed' wording.
- Independent, specific reports appear showing that deposits placed at fundingpips.net are traded and returned on request.
Conversely, a regulator warning naming fundingpips.net, or first-hand accounts of deposits accepted there and then not returned, would move this toward a scam finding.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Mwali MISA licence register (BFX2024004)
The Comoros MISA entry for FundingPips Corp; shows the licence ended 23 January 2026.
Mwali MISA authorised-brokerage list
FundingPips Corp is entry 142, tied to fundingpips.net.
FundingPips reviews on Trustpilot
Independent reviews of the genuine FundingPips prop firm (4.5 out of 5, about 69,600 reviews).
The website on record (fundingpips.net)
The deposit-soliciting brokerage page this record points to; treat with caution.
Frequently asked questions
Quick answers about this broker’s safety.
Is FundingPips a scam?
The well-known FundingPips is a genuine prop trading firm that pays its traders, so the brand itself is not a simple scam. Our caution is specific: the deposit-taking site on record for it, fundingpips.net, relies on an expired, disavowed Comoros licence and misstates its regulatory status, so we rate that site as high risk and unverified.
Is FundingPips a fraud?
No court or regulator has found FundingPips guilty of fraud, and we found no fraud-related enforcement action or warning naming the company. The prop firm pays out at scale and has a large, positive review record. The narrower concern is that fundingpips.net solicits deposits on an expired, disavowed licence, which is why we treat that site as high risk rather than safe.
Is fundingpips.net safe to deposit money with?
We cannot confirm it is safe, so we would not deposit there. It presents itself as a fully licensed brokerage on a Comoros MISA licence that expired in January 2026 and that the Comoros central bank has disavowed, and it is not the firm's official site.
Is FundingPips regulated?
Not in any meaningful way through the licence on record. The Comoros MISA registration is from a body the Comoros central bank calls a fabricated register, and it has expired. The group reportedly obtained a Mauritius licence in 2026, but the fundingpips.net site does not operate under it.
What is the FundingPips MISA licence worth?
Very little. MISA is an autonomous-island registrar, not a recognised financial regulator, and the Comoros central bank has said such bodies have no legal standing to license financial firms. The specific licence, BFX2024004, also expired on 23 January 2026.
Can I withdraw my money from FundingPips?
Traders of the genuine prop firm widely report fast payouts, with the company replying to almost all complaints. A minority report accounts closed or restricted near payout and KYC disputes. For the separate fundingpips.net brokerage, we have no verified record of deposits being returned.
Is my money safe with FundingPips?
There is no deposit insurance or investor-protection scheme behind either the prop firm or the fundingpips.net site. The prop firm's fees are service fees for simulated trading, not protected deposits; money sent to fundingpips.net sits with an offshore entity on an expired licence.
Who owns FundingPips and where is it based?
FundingPips was founded in 2022 and is led by CEO Khaled Ayesh. It operates from Dubai, UAE, through companies including ANKH PROP FZCO and FP Funding LLC, while the licence on record is held by FundingPips Corp, a Comoros company.
How old is FundingPips?
The brand and its main site date to 2022, so the operation is roughly four years old. The specific fundingpips.net brokerage page is newer, created in 2024.
Is fundingpips.net the official FundingPips website?
No. The genuine prop firm's official site is fundingpips.com, with app.fundingpips.com for its dashboard. fundingpips.net is a separate deposit-soliciting page on the Comoros licence, and we could not confirm it is an authorised part of the current business.
Is FundingPips a prop firm or a real broker?
The genuine FundingPips is a proprietary-trading firm: you pay a fee to take a simulated evaluation, and if you pass you trade the firm's virtual capital for a profit share. It is not a regulated retail broker, even though fundingpips.net is dressed up to look like one.
What should I check before depositing with any FundingPips site?
Confirm you are on fundingpips.com, not a look-alike domain. Check that any licence quoted is current and from a real regulator such as the FCA, ASIC or CySEC, not an offshore MISA or similar registration. Treat promises of guaranteed profit, pressure to deposit, and crypto-only funding as warning signs.
Scan history
How this broker’s safety assessment has changed across scans.
What changed since October 1, 2026
- October 1, 2026CurrentHigh risk (unverified)61% risk
- October 1, 2026High risk (unverified)55% risk
Past scans are archived snapshots kept for transparency and are not indexed by search engines.
What we recommend
The practical takeaway from everything above.
For anyone weighing FundingPips:
- Use the official site, fundingpips.com, and treat fundingpips.net as unverified. Do not send deposits to fundingpips.net.
- Remember the core model: the genuine FundingPips sells simulated-trading evaluations. It is a prop firm, not a bank or a regulated retail broker, so there is no deposit insurance or investor-protection scheme.
- If you want real-market, deposit-based trading, choose a broker licensed by a strong regulator such as the FCA, ASIC or CySEC, rather than an offshore MISA registration.
- If you already deposited at fundingpips.net, stop sending further money, keep your records (dates, amounts, messages), request a full withdrawal in writing, and ask your bank or card issuer for a chargeback if payment is refused.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed October 1, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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