Who Are Funding Pips?
Funding Pips‘ two-stage assessment process for traders is one of the most in-depth in the business. The purpose of these accounts is to identify, evaluate and reward traders who sincerely work hard during this process. The key feature of these accounts is that with 1:100 leverage, traders can trade at sufficient level.
In the prop firm space, Funding Pips is one of the newer firms, founded on the 25th August 2022 at Dubai, United Arab Emirates. Despite being only 2 years old the company has strived and offered capital to thousands of people to help give them a head start in their trading journey.
At Funding Pips the main focus is their mission is to provide everything traders need. When it comes to a chance of funded trading, they have one of the largest opportunities to get funded. With $2M worth of trading capital, they provide huge support for those traders who wish to broaden their view and take trading as a side gig.
Funding Pips’ profit-sharing model is quite attractive indeed. For traders who are funded through this top prop firm, the profit splits are very well made. They can range from 80% which is to an amazing 90%. The ideal conditions may certainly be seen as a considerably beneficial incentive for the traders, which in turn can drive them to take more from their trading and earn even higher.
What Are The Options For Funded Accounts?
Funding Pips has a 2-stage assessment process for traders, which is one of the most thorough in this market. The purpose of these accounts is to target, evaluate and reward traders who wish to demonstrate that they are committed to the evaluation process. The main advantage of these accounts is that they can trade with sufficient leverage at 1:100.
Phase One Evaluation
The trader has to achieve an 8% profit target for the first stage. And they must obey the stringent rules: there is a maximum daily loss (not more than 5%) and an overall limit (not more than 10%). This phase has no set requirements for the number of days traded. To qualify for a larger account size in minutes the trader needs to hit his 8% profit target and not breach the pre-set limits on loss then.
Phase Two Evaluation
For the second stage of evaluation, the trader will need to hit a 5% profit target while keeping within the 5% maximum daily loss and 10% total loss limits. Like Phase One, Phase Two has no trading day minimum or maximum. To be “qualified” traders need again to reach 5% profit targets and stay inside their loss limits.
The Gateway to Funded Accounts
After successfully completing both evaluation phases, you start trading for a prop trading firm and gain access to these funded accounts. For your first balance in these funded accounts when you withdraw you are allowed at least 1% of the entire amount. Just respects those two rules that you always have to remain active among our funds. According to this policy, a first payout will be made 5 days after you place your opening position. All subsequent payouts fall into a 5-day cycle. Each funded account has a 80% to 90% split.
Scaling Potential
The scaling plan at Funding Pips enables traders to receive more money from successful payouts as their account size grows. For example, after the first month with four successful payouts traders might get a 10% boost to their initial balance. Those scaling opportunities improve each month, and eventually become eligible for “The Hot Seat”. In The Hot Seat, traders can have on-demand payouts and earn a stunning 90% of profits their profits; also, they can scale up their accounts up to $2,000,000.
Funding Pips’s forex pairs, commodities, indexes and cryptocurrency trading instruments are all part of the evaluation program. This range of available products means that traders can experience a broad spread of trading markets.
Comprehensive Account Rules
Funding Pips publishes a set of basic account rules for which traders must follow:
Profit Target: Traders have specific profit targets to fulfil, such as Phase 1 which is set at 8% and Phase 2 at 5%. Funded accounts do not, however, have any profit targets.
Maximum Daily Loss: A 5% loss is the most that can be suffered for any trading day.
Maximum Loss: A 10% overall loss is the maximum that can occur for any account size.
- Stop-Loss Required: A mandatory stop-loss rule is enforced for funded accounts, with traders required to set a stop-loss within 30 seconds of executing a position. Exceeding this time frame results in automatic closure. This reset every week.
- No Martingale: Martingale strategies are prohibited in trading.
- No Hedging: Hedging strategies are also disallowed.
- Third-Party Copy Trading and EA Risk: Using third-party copy trading services or EAs may pose risks, particularly regarding capital allocation rule
Funding Pips’ evaluation program accounts offer a structured pathway to potential financial success for traders, with clear profit targets, loss limits, and scaling opportunities. These accounts cater to a diverse range of trading instruments, making them an appealing choice for those seeking to explore different markets. However, traders should be mindful of the stringent account rules and the associated risks of third-party services.
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What Makes Funding Pips Different From Other Proprietary Trading Firms?
A trader’s journey is significantly affected by their choice of broker. Funding Pips is conscious of this and has selected their broker Black Bull Markets. This is an important partnership, as Black Bull Markets has become a major player in the financial markets for its integrity and liquidity supported by technology. Not only does this partnership underline Funding Pips’ commitment to provide traders with ultra-stable trading conditions but it also lifts the trader’s entire experience onto a higher plane. This partnership between Funding Pips and Black Bull Markets is the sharp edge of where this prop trader has put in his efforts to help you succeed in the trading world.
The path of a trader within the maze of trading is very much influenced by what broker he chooses. Upon recognizing this fact, Funding Pips has worked together with Black Bull Markets, their chosen broker. This partnership is significant because Black Bull Markets is famous for its reliability, liquidity and financial market technology capabilities. It also deepens the experience of traders as members overall, not just an isolated part. Forming this relationship not only emphasizes the commitment of Funding Pips to offer traders optimal trading conditions, it enhances the standard as a whole for their experience as members.
In trading there’s nothing more important than flexibility, and Funding Pips has got that covered. Compared to other prop firms, Funding Pips occupies a much less restrictive place in terms of the style of your trading. This means that traders can trade during news events and hold their open positions overnight or over weekends. By offering this degree of flexibility, the trader is also able to react more easily when market dynamics change.
We must take note that although Funding Pips enables flexible trading style only a small degree of safeguarding has been provided in respect of the Martingale and hedge strategies. These tactics which are banned outright to prevent reckless financial risk management. Not only that, traders also need to set a stop loss on the funded accounts within 30 seconds after implementing a position to develop good risk mitigation skills.
Is It Realistic To Get Funded With Funding Pips?
Funding Pips has a more formal evaluation process for traders who enter the business. It differs from the traditional structured models of many other prop firms in that each round happens in two parts within seven weeks.
In the first phase, where the task for traders is to hit an 8% profit target. And that limit to which they may lose within a single day cannot exceed 5%, while overall losses may run up to 10%. Unlike its peers there are no set minimum and maximum trading days this stage, traders have more flexibility.
In the second evaluation phase, traders are given a 5% profit target with the same maximum daily loss of around 5% and 10% maximum loss thresholds. Unlike in the first stage, there are no rigid restrictions of minimum or maximum trading days off. Traders must make the 5% profit target without hitting any of their maximum loss limits in order to get themselves onto an account.
During the evaluation, no losses on the original account must be incurred. Traders cannot live trade funded account until they pass this stage. Profit targets of up to 10% of the First Funding Stage account size are available for withdrawal at any time. Traders must not lose over 5% over daily loss and the 10% maximum overall loss still stands. Traders receive their first payout within 5 calendar days of putting on a funded account position and then every five days after that in this manner. Funded account profit splits range from 80% to an impressive 90% according to the profits generated.
Funding Pips even provides a scaling plan for those evaluation program accounts. It is a payout mechanism that provides traders with extra financial benefits for the number of times they successfully withdraw. Traders can eventually achieve substantial account size increases as their account grows step-by-step. The climax of this progression is the well-known “Hot Seat” in your Company. In the Hot Seat, traders receive a useful 90% profit share with on-demand payouts. They also have the opportunity to scale up their trading account to a staggering $2,000,000.
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Which broker does Funding Pips use?
Funding Pips uses the well known Australian brokeage Eightcap.
Funding Pips Customer Support and Help
Customer Support and Help
Email: support@fundingpips.com
Social Media Profiles
Funding Pips can also be found on social media on the following channels:
- Instagram profile with 17.9k followers
- Youtube channel has 2.1k subscribers with 10 videos.
- Discord channel has 26.8k members
- Facebook group with 26k followers
- Twitter page with 27.8k followers
Funding Pips Trust Pilot Reviews
Funding Pips has received a great customer feedback from its traders on Trust Pilot. With an overall score of 4.7 out of 5 from 1001 reviews.
Conclusion
The Funding Pips is a standout choice for traders if you’re looking for a friendly environment that helps traders. The firm’s evaluation process gradually funnels traders through to its top-level funded accounts giving a clear path to managing larger funds with fewer restrictions. Funding Pips’ unique selling points include its flexibility in trading styles — allowing positions to be held overnight or during news events— and the high-profit splits of up to 90% for top-performing traders.
Choosing Funding Pips means aligning yourself with a prop firm that not only offers financial backing but also invests in your growth as a trader. The firm’s commitment to providing a trader-friendly environment, combined with its competitive advantages, makes it a top contender in the prop trading industry. Whether you are looking to start small or manage large accounts, Funding Pips provides the tools, support, and freedom to succeed
