Risk Warning
Trading Forex, binary options, and CFDs involves significant risk of loss. These instruments are not suitable for all investors. You should carefully consider whether trading is appropriate for you given your financial situation, investment objectives, and level of experience. You may lose some or all of your invested capital. Only trade with money you can afford to lose entirely.
Overview of FundingPips for Kiwi Traders
FundingPips has taken the retail prop trading scene by storm, mainly due to their extremely competitive pricing and modern user interface. Based offshore, they allow traders to take up challenges from $6K up to $200K. I reckon their pricing structure is designed to appeal to retail traders who want high leverage without risking massive personal capital. They advertise up to a 95% profit split, which is one of the highest in the market. Let's see if their rules are as friendly as their pricing suggests.
The Evaluation Process: Step-by-Step
The evaluation process is a standard two-phase challenge. In Phase 1, you must hit an 8% profit target while keeping your account within the daily and maximum drawdown limits. There is no time limit, which takes the deadline pressure off. If you pass Phase 1, you move to Phase 2, which requires a 5% profit target under similar risk guidelines. Once you clear both phases, you become a funded trader and can start earning splits. The rules are relatively simple and automated.
Drawdown Rules: Trailing vs Static Limits
Drawdown limits are standard but strict. Daily drawdown is set at 5% of the account value, and max drawdown is set at 10%. They use a static drawdown structure, which is much fairer than trailing drawdown. A trailing drawdown is a complete trap move that creeps up as you make profit and stays high, restricting your breathing room. FundingPips' static limit means your drawdown limit is calculated based on your starting balance, which is far cleaner for retail strategies.
Profit Splits & Scaling Potential
FundingPips offers an initial profit split of 80%, which scales up to 95% as you request payouts and hit targets. Their scaling program allows traders to increase their funded account size if they remain consistent and generate at least a 10% net return over a period. This scaling program is great for compounding profits without risking larger personal sums.
Payout Systems & Reliability
Payouts are processed bi-weekly. FundingPips supports payouts via cryptocurrency (USDT), bank wire, and Deel. Payouts are automated, meaning once your withdrawal window opens, you can request your split and receive it within 24 to 48 hours. However, always verify that your KYC documentation is fully updated to avoid processing friction.
Sajid's Verdict: Is FundingPips Worth Your Capital?
FundingPips is a very competitive prop firm. The static drawdown rules and lack of time limits are positive features. The 95% profit split potential is attractive, and the starting fee is low. However, keep in mind that prop firms are unregulated and operate in a highly volatile sector.
FundingPips New Zealand FAQs
1. Is FundingPips regulated in New Zealand?
No, prop firms are not regulated financial entities. You are not trading live markets directly; you trade on demo accounts and receive splits based on performance.
2. What is the maximum drawdown?
The maximum drawdown limit is 10% static of the initial account balance.
3. Does FundingPips use trailing drawdown?
No, they use static drawdown, which is much fairer for traders.
4. How long do I have to pass the evaluation?
There are no time limits on either Phase 1 or Phase 2 challenges.
5. What is the highest profit split?
The profit split starts at 80% and can scale up to 95% under their growth program.
6. How are payouts processed?
Payouts can be requested bi-weekly via crypto, Deel, or direct bank wire.
Sajid
Senior Retail Trader & NZ Market Analyst
Trading since 2012
Last updated
June 2026
New Zealand-based retail Forex and binary options trader since 2012. Cynical, battle-tested, and focused on risk preservation.
Risk Warning
Trading Forex, binary options, and CFDs involves significant risk of loss. These instruments are not suitable for all investors. You should carefully consider whether trading is appropriate for you given your financial situation, investment objectives, and level of experience. You may lose some or all of your invested capital. Only trade with money you can afford to lose entirely.