FundingPips: MISA licence BFX2024004

The site states only who it refuses: FundingPips Corp does not accept applications from residents of the United States, Canada or Iran. It publishes no list of accepted countries, and its sign up page has no country selector, so there is no way to check from the site whether a given country is served. Readers should also treat the United States block as covering US territories such as Puerto Rico and Guam, which the site does not mention.

The site does not commit to a timeframe. Its homepage advertises same day withdrawals and immediate funding in general marketing terms, but no processing time is published for any individual payment channel and the customer agreement contains no withdrawal clause at all. The anti money laundering policy adds that a request flagged as suspicious is held pending an internal investigation, with no stated time limit.

FundingPips publishes no deposits and withdrawals page. Cards, cryptocurrency, the Indian UPI rail and African mobile and bank payment channels are recorded as available in both directions, but no fee, minimum, maximum or processing time is published for any of them. The anti money laundering policy does require that money is returned by the method it arrived on and to the account holder on file, and that cash and third party deposits are refused.

MetaTrader 5 only, with builds for Windows, macOS, Linux, iOS and Android plus the MetaTrader web terminal. The downloads page links the standard installers published by the platform's developer rather than a FundingPips build, and no server name or account server address appears anywhere on the site, so a client cannot see which server their account would sit on before opening it.

The cost cannot be worked out from what the site publishes. Commission is quoted as 3.50 USD one way on ECN, 2.50 USD one way on ECN Plus and Islamic and nothing on Standard STP, but the site never says what traded volume those amounts apply to. Spread claims also conflict: 0.1 pip in the homepage headline, as low as 0 pips in the markets section, and from 0.0 or 1.0 pip on the account cards. No swap or inactivity fee schedule is published.

Yes. The Islamic account is advertised as letting positions be held over days without swap charges, priced at 2.50 USD one way with spreads from 1.0 pip. The site does not publish any administration fee, holding period limit or instrument restriction that might apply to it.

Up to 500:1. That figure is advertised across the site with no lower cap published for any account type, instrument class or country. At 500:1 a position can be wiped out by a very small move against it, and the site does not say whether negative balance protection applies.

100 USD. The site states that a trader can start with 100 USD and trade with as little as that amount. It sets no separate minimum for any of its four account tiers, so the same figure applies whichever one is chosen.

The site names FundingPips Corp as the operating company, described as a limited liability company of the Comoros Union with company number HY01223081 and a registered address on the island of Moheli. No directors, shareholders, officers or parent company are disclosed anywhere, and the company itself could not be corroborated on an official register.

Nothing established in this review proves fraud, and nothing in it supports treating FundingPips as a licensed broker either. The honest position is unverified: its licence claim cannot be checked, its operating company does not appear on a register, and its customer agreement is incomplete. Several of its published claims are also demonstrably wrong, including an anti money laundering policy that cites Australian legislation inapplicable to a Comoros company.

No confirmed regulation was found. FundingPips claims one licence, number BFX2024004, described on its own site as an International Brokerage and Clearing House Licence under the Comoros IBC Regulation Act 2014, and that claim could not be confirmed as existing or in force. The site names no issuing authority, publishes no certificate and offers no verification link, and it names no licence from any authority that supervises retail foreign exchange in a major market.