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Funding Pips

Funding Pips: Full Account Analysis

Funding Pips offers traders a structured path to professional growth, divided into three key stages: Student, Practitioner, and Master. Traders can manage accounts up to $100,000 and earn up to 90% profit splits. The platform supports trading in forex pairs, commodities, indices, and cryptocurrencies, offering diverse opportunities for financial success.

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Updated 27-07-2024

Pros

✓ Excellent Trustpilot Rating: Funding Pips boasts a high Trustpilot rating of 4.6/5, reflecting strong customer satisfaction.
✓ Multiple Funding Programs: Offers three unique funding programs tailored to different trading styles and goals.
✓ Advanced Trader Dashboard: Provides a professional dashboard for efficient trading and performance monitoring.
✓ Wide Range of Instruments: Trade various instruments including Forex pairs, commodities, indices, and cryptocurrencies.
✓ High Leverage: Traders can utilise leverage up to 1:100, amplifying their trading potential.
✓ No Trading Day Limits: No restrictions on minimum or maximum trading days, offering flexibility.
✓ Generous Profit Sharing: Profit share ranges from 80% to 90%, allowing traders to maximise earnings.
✓ Flexible Trading Conditions: Overnight and weekend holding, as well as news trading during evaluation, are permitted.
✓ Affordable Evaluation Programs: Competitive pricing for evaluation programs, making it accessible for many traders.

Cons

❌ Equity-Based Drawdown: The evaluation program includes an equity-based drawdown, which can be challenging.
❌ Withdrawal Requirement: Traders must meet a 1% withdrawal requirement.
❌ Hedging Prohibited: Hedging strategies are not allowed during trading.

Pros

✓ Excellent Trustpilot Rating: Funding Pips boasts a high Trustpilot rating of 4.6/5, reflecting strong customer satisfaction.
✓ Multiple Funding Programs: Offers three unique funding programs tailored to different trading styles and goals.
✓ Advanced Trader Dashboard: Provides a professional dashboard for efficient trading and performance monitoring.
✓ Wide Range of Instruments: Trade various instruments including Forex pairs, commodities, indices, and cryptocurrencies.
✓ High Leverage: Traders can utilise leverage up to 1:100, amplifying their trading potential.
✓ No Trading Day Limits: No restrictions on minimum or maximum trading days, offering flexibility.
✓ Generous Profit Sharing: Profit share ranges from 80% to 90%, allowing traders to maximise earnings.
✓ Flexible Trading Conditions: Overnight and weekend holding, as well as news trading during evaluation, are permitted.
✓ Affordable Evaluation Programs: Competitive pricing for evaluation programs, making it accessible for many traders.

Cons

❌ Equity-Based Drawdown: The evaluation program includes an equity-based drawdown, which can be challenging.
❌ Withdrawal Requirement: Traders must meet a 1% withdrawal requirement.
❌ Hedging Prohibited: Hedging strategies are not allowed during trading.

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Funding Pips Brand Story and Features

Funding Pips was built by traders, for traders, with the mission to support them through every stage of their trading journey. Established in 2022 in Dubai, Funding Pips has quickly become a prominent proprietary trading firm. Known for its innovative evaluation models, Funding Pips is designed to discover and nurture trading talent while helping traders overcome funding challenges.

Key Features:

1

Your Trading Ideas, Our Risk: Funding Pips allows traders to manage up to $300,000 in capital without risking their own money, with the potential to earn up to 90% of their profits.
2

No Trading Restrictions: Traders have the freedom to use EAs, hold trades during news events, and over the weekend, as long as they adhere to the firm’s trading rules.
3

Free Retry & Extension: With no minimum or maximum limit on trading days, Funding Pips eliminates the stress of time constraints, allowing traders to take all the time they need to succeed.
4

Scaling Plan: The scaling plan at Funding Pips enables traders to increase their account size and profit potential, with the possibility of trading up to $2 million, enhanced risk limits, and on-demand payouts.

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How it works? Trading programmes and prices

Funding Pips offers traders three distinct funding program options:

One-Step Evaluation

Two-Step Evaluation

Three-Step Evaluation

One-step Evaluation

The One-step Evaluation gives traders the chance to handle accounts from $5,000 to $100,000. Its goal is to find disciplined traders who are profitable and can effectively manage risk during a single evaluation period. This evaluation permits trading with leverage up to 1:50.

Evaluation Phase:
To pass the evaluation phase, traders must achieve a profit target of 12% without exceeding a 4% maximum daily loss or a 6% maximum overall loss. There are no minimum or maximum trading day requirements during this phase. Achieving the 12% profit target without breaching the loss limits will qualify traders for a funded account.
Funded Account:
Upon completing the evaluation phase, traders are awarded a funded account with a minimum withdrawal amount of 1% of the initial account balance. Traders must adhere to the 4% maximum daily loss and 6% maximum loss rules. The first payout can be requested after generating a profit on the first Tuesday, with subsequent payouts available every Tuesday if all criteria are met. The profit split ranges from 80% to 90%, depending on the profits earned.

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Trading Rules & Objectives:

◉ Profit Target: Traders must reach a profit target of 12% during the evaluation phase. Funded accounts have a 1% withdrawal requirement.
◉ Maximum Daily Loss: A trader can lose no more than 4% of the account balance in a single trading day.
◉ Maximum Loss: A trader can lose no more than 6% of the account balance overall.
◉ No Hedging: Hedging strategies are prohibited during trading.
◉ No News Trading: Trading is not allowed during high-impact news releases. New trades or closing existing trades are prohibited within the 2-minute period before and after the announcement of specific news (only on funded accounts).

Two-step Evaluation

The Two-step Evaluation offers traders the chance to manage accounts ranging from $5,000 to $100,000. Its purpose is to identify skilled traders who can profitably and effectively manage risk throughout the evaluation. This evaluation permits trading with leverage up to 1:100.

Trading Rules & Objectives

◉ Profit Target: Phase 1: 8%, Phase 2: 5%, Funded accounts: 1% withdrawal requirement
◉ Maximum Daily Loss: 5% (scalable up to 7%)
◉ Maximum Loss: 10% (scalable up to 14%)
◉ No Hedging: Prohibited
◉ No News Trading: Prohibited during high-impact news releases within a 2-minute period before and after the announcement (only on funded accounts)

Funded Account:

◉ Minimum Withdrawal: 1% of initial account balance
◉ First Payout: After generating profit on the first Tuesday
◉ Regular Payouts: Every Tuesday if criteria are met
◉ Profit Split: 80% up to 90%

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Three-step Evaluation

The Three-step Evaluation grants traders the chance to handle accounts from $10,000 to $100,000. Its goal is to find disciplined, profitable traders who can effectively manage risk over the course of three evaluation steps. This program allows trading with leverage up to 1:50.

Phase One:
Traders must achieve a 5% profit target without exceeding a 4% daily loss or a 6% total loss. There are no minimum or maximum trading day requirements.
Phase Two:
Again, traders need to reach a 5% profit target while adhering to the same 4% daily loss and 6% total loss limits. No specific trading day requirements apply.
Phase Three:
The 5% profit target remains, with the same 4% daily loss and 6% total loss rules, and no trading day constraints.
Funded Account:
After completing all three phases, traders receive a funded account. The minimum withdrawal is 1% of the initial balance. Respect the 4% daily loss and 6% total loss limits. The first payout is available after generating a profit on the first Tuesday, with subsequent payouts available every Tuesday if criteria are met. The profit split ranges from 80% to 90%, based on account performance.

Three-step Evaluation: Trading Rules and Objectives

◉ Profit Target: To successfully complete an evaluation phase, withdraw earnings, or scale their account, traders must meet a specified profit percentage. The profit target for Phase 1, Phase 2, and Phase 3 is 5%. Funded accounts require a 1% withdrawal.

◉ Maximum Daily Loss: This is the highest amount a trader can lose in one trading day without breaching the account. The limit for all account sizes is 4%.

◉ Maximum Loss: This is the total amount a trader can lose overall without breaching the account. The limit for all account sizes is 6%.

◉ No Hedging: Traders are not allowed to use any hedging strategies during their trading activities.

◉ No News Trading: Trading is prohibited during high-impact news releases. This means no new trades can be executed, and existing trades cannot be closed on the specified instrument within 2 minutes before and after the announcement (only applicable to funded accounts).

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