Funding Pips suggests that traders evolve through three key stages in their professional journey: Novice, Intermediate, and Specialist. Participants have the opportunity to accumulate considerable income and manage accounts up to $100,000, keeping as much as 90% of the gains. This possibility arises from trading in various financial sectors, including forex pairs, commodities, stock indices, and cryptocurrencies.
Basic information:
- Participation cost: from $32 to $392
- Trading Day Requirements: No Minimum & No Maximum
- Available capital for management: from $5,000 to $100,000
- Leverage up to 1:100
- Funding Programs: single program
- Profit Share up to 90%
- Initial Maximum Drawdown of 10%
- Overnight / Weekend Trading Allowed
This platform offers a singular Funding Program, segmented into two phases (the Assessment Phase and the Capital Phase). In the initial Assessment Phase, your trading prowess is showcased, while the subsequent Capital Phase grants you the ability to withdraw portions of your accumulated earnings. Let’s delve deeper into this procedure and acquaint ourselves with the guidelines of Prop Firm Funded Pips.
Evaluation Program
During the initial evaluation phase, traders are tasked with reaching an 8% profit target while maintaining within the confines of a 5% maximum daily loss and a 10% maximum total loss. Notably, this phase imposes no strict limits on the minimum or maximum trading days. Progression to the subsequent phase is contingent upon achieving the 8% profit target without breaching the preset loss parameters.
In the follow-up evaluation phase, traders aim for a 5% profit target, ensuring not to surpass the established 5% daily loss threshold or the 10% overall loss ceiling. This phase mirrors the first in that it does not prescribe specific trading day requirements. To advance to a funded position, traders must hit this 5% profit mark while adhering to the loss limits.
Once both phases are successfully navigated, traders receive access to a funded account, set with a minimum 1% withdrawal threshold of the initial account balance. Traders are required to maintain compliance with the 5% maximum daily loss and 10% total loss guidelines. The first profit withdrawal is arranged for 5 calendar days following the inaugural trade in the funded account, with subsequent profit withdrawals possible every 5 days. The profit share allocation varies between 80% and 90%, influenced by the profit accumulated in the funded account.
Scaling Plan for Evaluation Program
Growth Strategy for Assessment Program
The assessment program features a progressive growth plan. Traders, as they secure more payouts and accumulate profits in their funded accounts, qualify for enhancements in account balances and relaxed parameters for daily and overall loss limits.
Consider the following scenarios:
- Once traders achieve 4 successful payouts and a total profit of 10%, they are entitled to a 20% rise in their original account balance, and the maximum allowable loss increases to 11%.
- After securing 8 successful payouts with a cumulative profit of 20%, traders receive a 30% boost to their initial account balance, with the permissible daily loss limit increasing to 6% and the overall loss limit to 12%.
- On completing 12 successful payouts with a total profit of 30%, traders see a 40% increase in their starting account balance, and the maximum loss threshold adjusts to 13%.
- Achieving 16 successful payouts and a total profit of 40% transitions traders to an elite level known as the Hot Seat. This level brings a series of advantages including a doubling of the initial account balance, personal support, access to sophisticated trading tools, the ability for on-demand payouts, an improved profit share of up to 90%, potential access to up to $2,000,000 through continued growth, tailored trading conditions, and expanded loss limits to 7% daily and 14% overall. Additionally, monthly bonuses are available as outlined in the accompanying spreadsheet.
Is Securing Funds from Funding Pips Practical?
When examining proprietary trading firms compatible with your forex trading strategy, it’s essential to evaluate the feasibility of fulfilling their trading benchmarks. A firm might be enticing with its lucrative profit sharing on a substantially funded account, but its desirability may wane if it sets rigid monthly profit goals and strict drawdown constraints, which could reduce your likelihood of prospering. Moreover, the trading timeframe is crucial; a flexible period is more beneficial as it relieves the pressure of deadlines. It’s also vital to fully comprehend all trading rules during both the evaluation and capital acquisition phases to prevent accidental violations of your account terms.
Achieving capital through the Evaluation Program is viable, mainly because of its achievable profit targets (8% in phase one and 5% in phase two) and balanced maximum loss parameters (5% daily loss, which can be increased to 7%, and 10% total loss, adjustable up to 14%). The absence of stringent trading day quotas offers the leeway to trade at your preferred speed, facilitating quick fund access or a gradual, strategic approach. Completing both evaluation phases qualifies you for payouts with an attractive profit share of 80% to 90%.
Upon thorough analysis of its features, Funding Pips is strongly advocated due to its uncomplicated and realistic funding plan, offering achievable trading objectives and conditions for payout eligibility.
Earnings Verification
Incepted on August 25, 2022, Funding Pips is a proprietary trading entity with an extensive network of traders who have reached a funded status and qualify for a share of the profits.
Participants of the Funding Pips Evaluation Program who achieve a funded status become eligible for their first profit withdrawal once they hit a 1% profit mark and wait for 5 days. Thereafter, additional withdrawals are possible every 5 days, assuming the 1% profit milestone is continuously met. The proportion of profit shared ranges from a significant 80% to 90%, influenced by the profits generated within your funded account.
Multiple platforms provide testimonials and validations of Funding Pips’ legitimacy. For example, Trustpilot features narratives from traders about their experiences and evidence of payments received while collaborating with the firm. Additionally, channels like YouTube and Discord for Funding Pips offer more resources, including interviews with prosperous traders and proof of their financial gains.
