How to Setup FundingPips on MetaTrader 5 (MT5) in 2026

Setting up FundingPips on MT5 takes 15-20 minutes from purchase to first chart. I've done this seven times across different FundingPips accounts over the past 18 months, and the process hasn't changed since MT5 returned to their platform lineup in January 2026.

Here's what actually matters: your MT5 download source, login credential location in the FundingPips dashboard, and initial chart configuration to avoid violating drawdown rules accidentally. I've made every setup mistake possible—logged into wrong server, downloaded incorrect MT5 build, configured charts that didn't show spread properly—so you don't have to.

This is the exact process I follow now. No fluff, just the steps that get you from "I just bought an account" to "I'm ready to trade" in under 30 minutes.

Quick heads-up: This article is based on my real experience with Fundingpips and the info available when I published/updated this. Things change in prop trading — rules, payouts, promos, all of it.

For the absolute latest, check Fundingpips website or their help center.

What You Need Before Starting

Download the correct MT5 version first. This matters more than you think.

MetaTrader 5 (desktop): Go directly to metaquotes.net/en/metatrader5, not random third-party sites. File size should be around 16-18MB. I learned this the hard way when I downloaded an old MT5 build from a broker site that couldn't connect to FundingPips servers. Wasted 40 minutes troubleshooting before realizing.

Your FundingPips login credentials: Available in your FundingPips dashboard under "Active Accounts" immediately after purchase. You'll need three pieces of information: login number, password, and server address. Don't try to log in before these appear—I've sat refreshing the page for 3-5 minutes after purchase waiting for credentials to generate. They show up, just give the system time.

Stable internet: MT5 initial setup downloads real-time quotes and connects to FundingPips broker servers. I run 50+ Mbps minimum. If you're on hotel WiFi or mobile hotspot, expect longer sync times.

Operating system check: MT5 works natively on Windows. Mac users need either Parallels/VMware running Windows, or a VPS. I trade from a MacBook but run all my FundingPips accounts on a ForexVPS.net Windows server ($28/month). More reliable than running Parallels locally, and my trades execute even when my laptop is closed.

Step 1: Download and Install MT5 (5 minutes)

Navigate to metaquotes.net/en/metatrater5/download. Click the big blue "Download" button for Windows desktop.

Run the mt5setup.exe file. Installation is automatic—you'll see a progress bar for maybe 90 seconds, then MT5 launches immediately. Don't customize installation path unless you have specific reasons. Default C:\Program Files\MetaTrader 5 works fine for everyone.

First launch takes 30-45 seconds while MT5 loads core files and establishes internet connection. You'll see a blank chart with EUR/USD by default. Ignore it. We're connecting to FundingPips servers next.

Common mistake I made: Closing MT5 during first launch because I thought it froze. It's just slow initially. Let it fully load.

Step 2: Get FundingPips Login Credentials (3 minutes)

Open FundingPips dashboard in browser. Log into your account at fundingpips.com using your email and password (not your MT5 credentials—different system).

Click "Active Accounts" in left sidebar. You'll see your purchased account listed with status "Pending Setup" or "Active" depending on purchase timing.

Click the account name. Credentials appear in a box labeled "Trading Platform Access":

• Login: 8-digit number (example: 30482016)
• Password: Auto-generated string, usually 10-12 characters with mix of letters/numbers
• Server: FundingPips-Demo or FundingPips-Live (depending on account type)

Copy these somewhere. I paste into a secure notes app because I'll need them for every MT5 login. FundingPips doesn't email credentials—you get them only through dashboard.

My 25K account credentials looked like this:

• Login: 30482016
• Password: Kj8#mP2qL9
• Server: FundingPips-Demo

Your numbers will differ. "Demo" in server name doesn't mean it's a practice account—that's just how FundingPips labels their evaluation accounts. Confusing naming, but normal.

Step 3: Add FundingPips Server to MT5 (4 minutes)

In MT5, click "File" menu → "Login to Trade Account" (or press Ctrl+L if you're on Windows).

Pop-up window appears with three fields: Login, Password, Server.

Don't fill these yet. Click "+" icon next to Server dropdown—this adds a new broker server to your MT5 installation.

Search box appears. Type "FundingPips" exactly (capital F, capital P, no spaces). Wait 2-3 seconds for server list to populate. You'll see multiple options:

• FundingPips-Demo
• FundingPips-Live
• FundingPips-Server01
• FundingPips-Server02

Pick the one matching your dashboard credentials. For me, it was always FundingPips-Demo during evaluation phase. Once you pass and get funded, credentials update to FundingPips-Live in your dashboard.

Select your server, click "Finish" or just press Enter. Server now appears in the dropdown permanently—you won't need to add it again for future FundingPips accounts.

Troubleshooting: If "FundingPips" search returns zero results, check your internet connection. MT5 needs active connection to download broker server list from MetaQuotes database. I've had this happen on restrictive corporate WiFi networks. Solution: use phone hotspot temporarily or switch networks.

Step 4: Login to Your FundingPips Account (2 minutes)

Now fill the three fields with your dashboard credentials:

• Login: [your 8-digit number]
• Password: [your generated password]
• Server: [FundingPips-Demo or FundingPips-Live]

Check "Save password" box—otherwise you'll need to manually enter password every time MT5 launches. I always check this on my VPS where security isn't a concern. On shared computers, skip it.

Click "Login" or press Enter.

MT5 connects to FundingPips servers. You'll see:

1. Connection status bottom-right changes from red "No connection" to green with ping value (mine shows 23-45ms)
2. Account balance appears top-left (should match your purchased account size)
3. Currency pairs start loading real-time quotes in Market Watch

If login fails, double-check you copied credentials exactly. No extra spaces. Password is case-sensitive. I once spent 10 minutes troubleshooting before realizing I'd typed lowercase "l" instead of uppercase "I" in my password. They look identical in some fonts.

Step 5: Configure Your Charts (4 minutes)

MT5 loads with EUR/USD M1 (1-minute) chart by default. Not useful for actual trading. Here's my standard FundingPips chart setup:

Add your primary trading pairs. Right-click in Market Watch window (left side), select "Show All." This displays all available FundingPips pairs. Drag your main pairs to the chart area:

• I trade EUR/USD, GBP/USD, USD/JPY, and Gold (XAUUSD)
• Each gets its own chart window

Set proper timeframes. Click chart, press F2 or right-click → "Properties." I run:

• M15 for entry signals
• H1 for trend context
• H4 for major structure
• D1 for overall direction

Most traders mess up by watching only one timeframe. You need multi-timeframe perspective to avoid trading against larger trends.

Add key indicators. My minimal setup:

• EMA 21, 50, 200 (Settings → Color: 21=yellow, 50=cyan, 200=red, Width: 2)
• VWAP (need to download custom indicator from MQL5 marketplace, it's free)
• Session high/low lines (I mark these manually each day)

Display spread. Critical for FundingPips slippage management. Right-click chart → "Properties" → Check "Show ask line." Red dotted line appears above bid price showing real-time spread. During London open, EUR/USD spread should be 0.6-1.2 pips. If you see 3+ pips, something's wrong with connection.

Set default lot size. Tools → Options → Trade tab → Default volume. I set 0.1 lots (10,000 units) for 50K accounts. Prevents me from accidentally clicking wrong lot size during fast execution. Adjust based on your account size and risk management.

Save this template: File → Templates → Save Template → Name it "FundingPips_Setup". Next time you configure MT5, just load this template instead of rebuilding everything.

Step 6: Verify Everything Works (3 minutes)

Open one position to confirm platform connectivity. Small test trade:

1. Click "New Order" button (looks like +)
2. Select EUR/USD, 0.01 lots (micro lot—smallest possible size)
3. Market execution, no stop loss or take profit
4. Click "Sell" or "Buy"

Order should execute in under 100ms. Check:

• Trade appears in "Trade" tab at bottom
• Floating P&L updates in real-time
• You see red (short) or blue (long) line on chart at entry price

Close immediately: right-click position → "Close Order." You'll lose maybe $0.20-$0.50 in spread. Worth it to confirm everything connects properly before starting serious evaluation trading.

My first FundingPips test trade: EUR/USD 0.01 lots short at 1.08324, closed 4 seconds later at 1.08326. Lost $0.26 including spread. Confirmed my fill speed (37ms), spread matched expected (0.8 pips), and dashboard updated within 5 seconds.

Common Setup Problems I've Encountered

"Invalid account" error: Your credentials expired or you're on wrong server. Log back into FundingPips dashboard, verify server name matches exactly. I once tried logging into FundingPips-Demo when my funded account had moved to FundingPips-Live after passing evaluation. Error message isn't helpful—just says "invalid."

No price quotes updating: Connection issue. Check bottom-right corner—should show green bars with ping time. If red or yellow, click it to reconnect. Sometimes MT5 loses connection during Windows updates or network switches. I keep a backup VPS specifically to avoid this on live trading days.

Charts won't load past history: MT5 limits downloaded bars. Tools → Options → Charts tab → Max bars in history: set to 999999 (maximum). Then right-click chart → "Refresh." Historical data downloads in 30-60 seconds depending on connection speed.

Indicators won't install: Downloaded custom indicators go in File → Open Data Folder → MQL5 → Indicators folder. Paste .ex5 files there. Restart MT5. Indicator appears in Navigator → Indicators list. Drag to chart. I spent way too long trying to install VWAP by double-clicking the .ex5 file before learning this process.

Critical Settings Before Trading

Enable one-click trading. Tools → Options → Trade tab → Check "One click trading." Read the warning (you can accidentally execute trades), accept it. Speeds up execution during fast-moving markets. I need this for London session trading where EUR/USD moves 15+ pips in seconds during high-impact news.

Set audio alerts. Tools → Options → Events tab → Enable "Order executed." You'll hear a sound when trades fill. Useful when watching multiple pairs simultaneously. I turn off all other sounds (margin call warnings, connection lost)—too distracting.

Adjust chart colors. Tools → Options → Colors tab. I use Black background, White candles, custom colors for EMAs. Easier on eyes during 6+ hour trading sessions. Default white background gives me headaches.

Time zone check. MT5 displays broker time, not your local time. FundingPips uses GMT+2 (or GMT+3 during daylight saving). I keep a world clock widget on screen showing New York, London, and broker time to avoid trading wrong sessions.

Your Next Steps After Setup

MT5 configured correctly. Credentials working. Charts loaded. Now what?

Paper trade for 1-2 days. Even if you're experienced with MT5, FundingPips uses different spread configurations than retail brokers. Trade small size, watch how fills execute during different sessions, notice spread widening during rollover (4-5 PM EST). Get comfortable before pushing real evaluation profits.

Study FundingPips-specific rules. MT5 doesn't enforce news trading restrictions or consistency limits automatically. Your job to track these through FundingPips dashboard. Set phone alarms for high-impact news 10 minutes before release time.

Start evaluation trading. Once comfortable, begin working toward profit target. Don't rush. I typically take 5-7 days to pass 1-Step challenges, spreading risk across multiple sessions. Speed doesn't matter—consistency does.

Consider VPS if serious. Running MT5 locally works for testing. For funded accounts where every payout matters, VPS eliminates power outages, internet drops, Windows updates interrupting trades. I've had zero execution issues since moving to VPS 14 months ago. Costs $28/month but saved me from at least two blown accounts due to laptop connectivity problems.

Setup done right, MT5 becomes invisible—just the tool executing your strategy without friction. The faster you get through technical setup, the sooner you're actually trading toward funded status and real payouts.

Your Next Steps

👉 Start Trading at FundingPips Today

👉 Read My Full FundingPips Review