Funding Pips Name Misused: Re-Deposit Withdrawal Scam

Funding Pips is in fact known as a prop-trading brand that sells "funded account" challenges; it is not a brokerage where investors deposit and withdraw their own money. In summer 2026, however, a platform scheme was reported under the name "Funding Pips Forex" that takes money deposited directly and sets a "deposit again first" condition for withdrawals.

🔍 The Difference Between a Real Prop Firm and This Scheme

In the prop model the user pays an evaluation fee and trades with the firm's capital. In the reported scheme, however, the user deposited their own money in different amounts within one month, and described the platform as an "overseas-based forex brokerage". This difference shows that the well-known name is used only to create trust. We have covered the assessment of Funding Pips' own operation separately in our FundingPips articleTR.

🚩 The Re-Deposit Condition for Withdrawals

Tying a withdrawal to a new payment is the most direct form of the conditions that lock withdrawalsTR. SPK Decision No. 8/297 of 24.02.2017 treats the intermediation of leveraged transactions by unauthorised structures as unauthorised activity; the platform has no entry in the SPK list.

🔗 Platforms Using the Same Method

🧭 Legal Process

In schemes that look overseas-based, the issues of an arbitration clause and jurisdiction may arise; the accounts where the money was traced are followed through an asset investigationTR.

For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions