Track record: Fundex and FundingPips

World Trade Center 200-B, Suite 306, Calle 53 Este, Marbella, Panama City

IFZA Business Park DDP Dubai U.A.E.

Panama

United Arab Emirates

2025

2022

Khaled Ayesh

Pure Market for CFDs. Bitunix provides the market conditions and pricing for crypto perpetuals traded through Fundex Terminal.

Liquidity Provider

Fees are non-refundable once the account is created and access is granted. If payment is taken but no account is delivered, Fundex reviews the case individually.

1 and 2 Step: Full refund with first payout

On demand, with no fixed windows, waiting periods or limit on request frequency. Fundex states that most requests are processed within 60 minutes and all within a maximum of 24 hours, including weekends and public holidays.

• 2-Step Standard: Weekly, Bi-Weekly, Monthly or On Demand
• 2-Step Pro: Weekly or Monthly
• 1 Step Flex and 2-Step Flex: Bi-Weekly or Monthly
• FundingPips Zero: Bi-Weekly
• Prime (existing accounts only): Daily, any number of requests
• Labs 247: Daily
• Labs 004 Ultimate: unlimited daily requests from Master day one, no reward buffer. Funds leave the account immediately; trading can continue.

Labs 247: crypto trading and weekend holding are available 24/7 in Evaluation and Master. Other models retain their existing restrictions.

No published maximum.

• Labs 004 Ultimate: no daily reward-request cap

$50

• On Demand payout: 1%
• Tuesday, bi-weekly and montly: 1%
• Prime (existing accounts only): 1% of Prime Account size (or Scaled Prime Account Size after scaling)
• Labs 247: 1% of the account size
• Labs 004 Ultimate: 1% of account size per request

$10

• 1 Step: 30:1
• 2 Step: 100:1
• Zero: 50:1
• Prime (existing accounts only): up to 1:2000 (tiered Standard Leverage Plan)
• Labs 004 Ultimate: 100:1

CFDs: up to 20:1. Fundex Terminal: 1:1 or 2:1, depending on the instrument.

• 1 Step: 10:1
• 2 Step: 30:1
• Zero: 20:1
• Prime (existing accounts only): up to 1:2000 (tiered Standard Leverage Plan)
• Labs 247: 5:1
• Labs 004 Ultimate: 30:1

10:1

• Prime (existing accounts only): up to 1:2000 (tiered Standard Leverage Plan)
• Labs 247: 5:1
• Labs 004 Ultimate: 10:1

• 1 Step: 5:1
• 2 Step, Zero: 20:1
• Prime (existing accounts only): up to 1:2000 (tiered Standard Leverage Plan)
• Labs 247: 5:1
• Labs 004 Ultimate: 20:1

Labs 247: 5:1

Up to 4:1 on BTCUSDT and ETHUSDT; up to 2:1 on other cryptocurrencies, with some instruments limited to 1:1.

• 1 Step: 1:1
• 2 Step, Zero: 2:1
• Prime (existing accounts only): up to 1:2000 (tiered Standard Leverage Plan)
• Labs 247: 5:1

cTrader (+20%)
Swing: overnight and weekend holding on Master accounts for 1 Step Flex, 2-Step Standard, 2-Step Pro and 2-Step Flex; selected at purchase

Level 1 - Launchpad (Novice)

Requires 4 payouts and 10% profit. Grants +20% capital and +1% drawdown.

Level 2 - Ascender (Intermediate)

Requires 8 payouts and 20% profit. Grants +30% capital, +2% total max drawdown, and +1% daily drawdown.

Level 3 - Trailblazer (Advanced)

Requires 12 payouts and 30% profit. Grants +40% capital and 13% max drawdown.

Level 4 - Hot Seat (Elite)

Requires 16 payouts and 40% profit. Doubles initial balance, offers 100% reward split, on-demand payouts, up to $2M capital, and monthly bonuses.

Level 5 - Elite Trader Status (Advanced Hot Seat)

Unlocks advanced tools, +1% additional max drawdown (4% total cumulative), +1% additional daily drawdown (2% total), customized trading conditions, and monthly bonuses based on initial account size ($100-$500).

Prime (existing accounts only)

The first four scale-ups require +5% total profit; from the fifth onward, +10%, measured against the starting size of the current level. Required profitable days: none for the first scale-up, 2 for the second and third, 4 for the fourth, and 10 from the fifth onward. Each profitable day must close at +1% or more of the account size; the counter resets after each scale-up. Each scale-up adds +10% to the current level's starting size, up to $2M. At Level 10 or $2M: Certified FundingPips Trader status, listed on the Tradin Investor Marketplace with 20% profit share on investor capital.

• 2-Step Classic: Evaluation uses a 10% static maximum drawdown from the starting balance, measured on equity and reset when Phase 2 begins. Once funded, a 10% drop from the original balance while in B-Book causes a permanent breach.
• 2-Step Pro: 8% static maximum drawdown.
• 1-Step Classic: Static evaluation drawdown based on starting balance and measured on equity, including open positions.

• 1 Step Flex, 2 Step: Static
• Zero: Trailing
• Prime (existing accounts only): 8% static below the starting balance; recalculated only after a scale-up
• Labs 247: 4% static in Evaluation and Master
• Labs 004 Ultimate: static in Evaluation and Master; never trails

2-Step Classic starts at a 70% trader profit split. 2-Step Pro starts at 80%. The split applies to eligible A-Book profits generated above the starting balance and after clearing any prior B-Book offset; on 2-Step Pro it is calculated when the payout is requested. Fundex's legal terms state that payments are discretionary bonuses rather than a fixed contractual split.
1-Step Classic: the trader profit split is shown in each challenge and is calculated when the payout is requested.

Reward split depends on the selected reward cycle and account configuration.

• 2-Step Standard: Weekly (60%), Bi-Weekly, On Demand (90%) or Monthly (100%)
• 2-Step Pro: Weekly or Monthly (100%)
• 1 Step Flex: Bi-Weekly or Monthly (100%)
• 2-Step Flex: Bi-Weekly, with an alternative 95% split selected at purchase at the same price, or Monthly (100%)
• FundingPips Zero: fixed Bi-Weekly cycle
• Prime (existing accounts only): 80%, Daily, any number of requests
• Labs 247: Daily

The Monthly cycle requires consistency and profitable days. Earlier purchases retain their legacy conditions.

A free $1,000 Test Account is available to eligible traders who do not currently hold a Fundex account. It uses Fundex Terminal only, with a 10% target, 5% daily drawdown, 10% maximum drawdown and 5 minimum trading days. Profits cannot be withdrawn and completion rewards may vary.

Evaluation: reaching the daily or total loss threshold causes a breach. Funded: permanent breach follows four consecutive unrecovered B-Book switches, or a 10% decline from the original balance while the account is in B-Book.

Evaluation: the daily loss limit is recalculated at 00:00 UTC from the balance at that time and measured on equity, including open positions. The applicable percentage is shown in each challenge. There is no daily loss limit at the funded stage.

Higher of the opening balance or equity for the trading day

• Prime (existing accounts only): 3% (soft breach, pauses trading for the rest of the day, account stays open, resumes at 00:00 UTC+3)
• Labs 247: 2% of the starting balance in Evaluation and Master
• Labs 004 Ultimate: no daily loss limit, or 2% of the starting balance on the daily loss version, in Evaluation and Master

Multiple evaluations and accounts are allowed. Total funded allocation is capped at $400,000.

Labs 247: maximum 5 accounts per user. These accounts are separate from the standard capital allocation.
Labs 004 Ultimate: maximum 3 accounts per user, outside standard allocation caps.

Funded accounts can be merged provided their combined balance does not exceed the $400,000 maximum allocation.

A Master account can only be merged with another Master account from the same evaluation model.

Merging accounts is not supported in the FundingPips Zero Model.

• Prime (existing accounts only): any Prime accounts can merge, regardless of the originating model. Request through the dashboard; the resulting account takes the higher of the two scale-up levels. Merged size respects the $2M maximum.

No maximum time limit.

Labs 247: 6 months for the Evaluation phase and a separate 6-month period for the Master account.
Labs 004 Ultimate: separate 6-month windows for Evaluation and Master.

• 2-Step Classic: 5 days in each evaluation phase. To count, at least one trade must be opened with a notional value of at least 5% of the account balance before leverage.
• 2-Step Pro: No minimum trading days.
• 1-Step Classic: 5 evaluation trading days. A day counts only if at least one trade has a notional size of at least 5% of the account balance before leverage.

New purchases and resets from 28 September 2026:

• 2-Step Standard: 3 trading days per evaluation phase; no minimum with the 3% daily-loss configuration
• 2-Step Pro: no minimum trading days
• 1 Step Flex: no minimum trading days
• 2-Step Flex: 1 trading day per phase on the standard reward configuration; the alternative configuration requires profitable days
• Labs 247: no minimum trading days
  Earlier purchases retain their legacy conditions.

Participant Limit: Up to 50,000 participants. Registration closes once full.

Prizes

• 1st: 100K Evaluation + $1,500
• 2nd: 100K Evaluation + $1,200
• 3rd: 100K Evaluation + $1,000
• 4th: 100K Evaluation
• 5th: 50K Evaluation
• 6th–10th: 25K Evaluation
• 11th–20th: 10K Evaluation
• Bonus Prize: 13 random participants (ranked 4th–1000th) receive $100 each.

Rules

• Max loss: 10%
• Daily loss: 5%
• No EAs
• No exploiting unrealistic demo fills
• One account per person

10% discount for failing during the evaluation phase. Valid for 7 days and only for accounts of the same model and size (FundingPips Zero excluded).

Zero: Minimum of 7 days with 0.25% profit or more by the end of each 30-day period. Failure to meet this requirement will result in a rule violation.

• Monthly reward cycle (1 Step Flex, 2-Step Standard, 2-Step Pro, 2-Step Flex): 7 profitable days per cycle, each with at least 0.5% of the starting Master account size; the count resets after each reward
• 2-Step Flex alternative reward configuration: 3 profitable days per evaluation phase and per Bi-Weekly Master reward cycle, each with at least 0.5% of the starting account size

EAs and automated systems are allowed when the underlying strategy is the trader's own. Arbitrage, HFT, martingale, grid, environment-exploitation and external trade-replication systems are prohibited.

Default rule (third-party EAs): Permitted ONLY when used strictly as a trade or risk manager. Any other use of a third-party EA = denial of evaluation/reward and account closure.

Personal EA Exception
Full automation allowed only with proof of ownership of the EA code.

Account-type exceptions

• 1K Instant Account: third-party EAs and trade copiers permitted (full automation OK).
• Monthly Competition: ALL EAs prohibited (including personal with proof).

Hedging or arbitraging across Fundex accounts, or between Fundex and external accounts, is prohibited. The website does not clarify internal hedging within one account.

• 2-Step Classic: During evaluation, every trade must remain open for at least 3 minutes, including when TP or SL is triggered. The first violation generates a warning and later violations may cause a breach. There is no minimum holding time once funded.
• 2-Step Pro: No minimum holding time during evaluation or once funded.
• 1-Step Classic: Every evaluation trade must remain open for at least 3 minutes, including TP/SL closures. The first violation generates a warning; repeated violations cause a breach. No minimum holding time once funded.

During both evaluation phases, a single trade cannot lose more than 3% of the balance, including floating losses. The first violation generates a warning. This limit does not apply once funded.
1-Step Classic: Position exposure is measured as notional value relative to equity. Per position, up to 25% is compliant, over 25% through 40% generates a warning, and above 40% is a violation subject to review. Total simultaneous exposure during evaluation: up to 50% is compliant, over 50% through 80% generates a warning, and above 80% is a violation. Once funded, total exposure above 60% is a violation.

There is a limit on simultaneous open lots:

• $5K–$10K: no limit
• $25K: 10 lots
• $50K: 20 lots
• $100K or more (including merged accounts): maximum 40 lots

Penalties

• 1st violation: warning
• 2nd violation: removal of excess profits, reward reduced to 30%, and account closure

1 Step Flex, 2-Step Flex, 2-Step Pro and 2-Step Standard

Risk Per Trade Idea and the Striking System are removed in Evaluation and Master for new purchases from 28 September 2026. Earlier purchases retain their legacy conditions.

Permitted

• Copying trades between your own FundingPips accounts (registered under same individual).
• Using your FundingPips account as MASTER to copy to external accounts (as slave).

Prohibited

• Copying between FundingPips accounts of different users.
• Coordinated trading across master accounts not owned by same individual.
• Inbound copy trading (external source as master, FundingPips as slave).
• Third-party account management (immediate termination).

Evaluation Stage (1 Step, 2 Step Standard, 2 Step Flex, 2 Step Pro)
No restrictions on holding trades during news events. Purposely trading news = account closure.

Master Account (1 Step, 2 Step Standard, 2 Step Flex, 2 Step Pro)
Trades opened/closed within 5 minutes before/after a high-impact (red folder) news event have their FULL profit deducted, UNLESS the trade was executed 5+ hours before the event.
Speech window: 5 min before speech start to 5 min after speech end.

FundingPips Zero
HARD BREACH if any position is opened/closed/held within 10 minutes before/after a high-impact news event on affected currencies.
Speech window: 10 min before speech start to 10 min after speech end.

Labs 247
Evaluation: news trading is allowed on every instrument.
Master: profits may be deducted from trades opened or closed 5 minutes before or after high-impact news affecting the corresponding currency. For high-impact speeches, the window runs from 10 minutes before the speech begins until 10 minutes after it ends. Trades opened at least 5 hours before the event are exempt.
Labs 004 Ultimate
Evaluation: news trading allowed. Master: profits on trades within 5 minutes before or after high-impact news or speeches are deducted.

• On Demand (2-Step Standard): no single trading day may account for more than 35% of total profit
• Monthly (1 Step Flex, 2-Step Standard, 2-Step Pro, 2-Step Flex): 35% consistency score, reset after each reward
• Bi-Weekly (FundingPips Zero): 15% consistency score; the biggest losing day cannot exceed the biggest winning day
• Bi-Weekly (1 Step Flex and 2-Step Flex): no consistency score
• Profit Concentration Policy: removed for new purchases from 28 September 2026; qualifying legacy accounts retain their existing conditions
• Labs 247: no consistency rule in Evaluation or Master
  Labs 004 Ultimate: no consistency rule.

1 Step Flex, 2-Step Standard, 2-Step Pro and 2-Step Flex
Evaluation: overnight and weekend holding allowed on all instruments.
Master: overnight and weekend holding require the Swing add-on selected at purchase. Without Swing, positions are automatically closed each trading day; this is not an account breach and does not count as a valid trading day.

FundingPips Zero
Weekend holding is a hard breach on Master accounts. Close all positions before Friday market close, including crypto.

Prime (existing accounts only)
Weekend holding allowed.

Labs 247
Trading and weekend holding allowed 24/7 in Evaluation and Master.
Labs 004 Ultimate
No weekend holding in Evaluation or Master. Overnight holding is allowed in Evaluation. Master positions close automatically at day end without breaching the account.

• Latency arbitrage, spike catching and tick manipulation
• Exploiting errors, price-feed delays or technical malfunctions
• HFT inconsistent with realistic retail trading
• Martingale, grid and all-in betting
• Hedging or arbitrage across accounts or firms
• Copy trading, replicated signals and self-copy trading
• Front-running and use of non-public information
• Market manipulation, order spamming and toxic flow
• Materially changing strategy after passing the evaluation
• Gambling behaviour, overleveraging or correlated position stacking

• Gap trading
• High-frequency trading
• Server spamming
• Latency arbitrage
• Toxic trading flow
• Hedging
• Long-short arbitrage
• Reverse arbitrage
• Tick scalping
• Server execution
• Opposite account trading

30 consecutive days without completed trades results in hard breach. Applies to all account types including Master accounts.