Funding Pips
Funding Pips is a Dubai-based proprietary trading firm founded in 2022, offering funded trading accounts from $5,000 to $100,000 with scaling up to $2 million. The firm provides multiple evaluation programs including 1-step, 2-step, and instant funding options.
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Firm Overview
Firm Overview
Funding Pips Prop Firm Details
Broker:
Liquidity ProviderPlatform:
Trading Features:
Funding Details:
Payment Methods:
Payout Methods:
Instruments and Assets
Access to 36 futures contracts across multiple asset classes and exchanges, providing diverse trading opportunities.
Category | Symbols | Description |
---|---|---|
Forex | EURUSDGBPUSDUSDJPYUSDCHFUSDCADAUDUSDNZDUSDEURGBPEURJPYGBPJPYAUDCADAUDCHFAUDJPYAUDNZDCADJPYCHFJPYEURAUDEURCADEURNZDGBPAUDGBPCADGBPCHFGBPNZDNZDCADNZDCHFNZDJPYVarious exotic pairs available | Major, minor and exotic forex pairs with leverage up to 1:100 |
Indices | US30US100US500Various European indicesVarious Asian indices | Global stock indices commission-free |
Commodities | USOILUKOIL | Oil and energy products with leverage up to 1:10 |
Metals | XAUUSDXAGUSD | Gold and Silver with leverage up to 1:20 |
Consistency Rules
Funding Pips, a leading proprietary trading firm, emphasizes the importance of trader consistency. By requiring a 45% consistency score, the firm ensures traders maintain a stable performance level, thereby safeguarding their capital and promoting long-term success.
Key Consistency Requirements
To meet Funding Pips' consistency standards, traders must adhere to the following criteria:
- •Achieve a minimum of 45% consistency score, calculated as the best trading day divided by the total profit.
- •Complete at least 3 trading days during the evaluation period.
- •Avoid using prohibited strategies such as gap trading, high-frequency trading, and arbitrage.
The 45% consistency score requirement at Funding Pips is designed to encourage disciplined trading practices. Traders must ensure their best trading day does not excessively skew their performance metrics, indicating a balanced and steady approach.
The firm imposes a minimum of 3 trading days to ensure traders are actively engaging with the market, thus avoiding strategies that may rely on sporadic or high-risk trades.
While the firm allows for considerable flexibility, such as no mandatory stop-loss requirements, traders must avoid prohibited strategies that could undermine their consistency or the firm's reputation.
Impact and Benefits
By focusing on consistency, Funding Pips helps traders develop sustainable trading habits, which are crucial for long-term success. This approach not only protects the firm's capital but also enhances the trader's ability to scale within the program. A consistent trading performance can lead to higher profit shares, with the potential to earn up to 100% profit split as traders progress.
Ultimately, the consistency rules at Funding Pips are crafted to foster a balanced and disciplined trading environment, benefiting both the firm and the traders.
Firm Rules
Funding Pips offers a dynamic trading environment for traders looking to leverage unique opportunities in the financial markets. With flexible rules that cater to various trading styles, the firm provides a supportive platform for both novice and experienced traders.
Key Trading Rules
- •Allows News Trading: Traders can take advantage of news events during the evaluation phase, though restrictions apply to Master funded accounts during high-impact news releases.
- •Scalping Allowed: Short-term trading strategies are embraced, giving traders the freedom to capitalize on quick market movements.
- •Expert Advisors (EAs) Permitted: Traders can use automated trading strategies to enhance their trading efficiency and effectiveness.
- •Weekend and Overnight Holding: Positions can be held over weekends and overnight, offering flexibility in trading strategies.
- •Hedging Prohibited: The firm does not allow hedging strategies, ensuring traders manage their risk effectively without offsetting positions.
Funding Pips has implemented certain trading restrictions to maintain a fair and transparent trading environment:
- •VPN Usage: VPNs are allowed, providing traders with the flexibility to secure their internet connection without any conditions.
- •Consistency Rules: A 45% consistency score is required, calculated by dividing the best trading day by the total profit, to ensure disciplined trading behavior.
- •Maximum Positions: Traders are limited to 20 lots per trade, encouraging prudent risk management.
- •Minimum Trading Activity: Traders must avoid 30 days of inactivity to maintain their accounts in good standing.
- •Prohibited Strategies: The firm prohibits gap trading, high-frequency trading, hedging, arbitrage, server spamming, copy trading, and third-party account management to ensure a level playing field.
Funding Pips supports multiple trading platforms, including cTrader, Match-Trader, and TradeLocker, providing traders with a robust suite of tools to execute their strategies effectively. The firm does not impose symbol restrictions, allowing traders to explore a wide range of markets.
However, traders from the United Arab Emirates and Vietnam are prohibited from participating in the firm's programs. This ensures compliance with international regulations and maintains the integrity of the trading environment.
Overall, Funding Pips offers a comprehensive and structured trading framework designed to foster growth and success for traders worldwide.
Payout Policy
Funding Pips offers a competitive and flexible payout policy designed to cater to the diverse needs of traders. With a robust profit split model and a variety of payout options, the firm ensures that traders receive their earnings in a timely and convenient manner. Here’s a comprehensive look at the payout policy at Funding Pips.
Payout Structure
Funding Pips provides traders with an attractive profit split ranging from 80% to 100%, depending on the program and scaling level. This ensures that traders maximize their earnings potential as they progress through different levels. Key features of the payout structure include:
- •Standard profit split of 80%
- •Scaled profit split up to 100% for advanced levels
- •Minimum payout threshold set at 1% of the initial balance
The firm offers a flexible payout schedule to suit different trading styles and preferences. Traders can choose from the following payout frequencies:
- •Weekly (Tuesday Payday)
- •Bi-weekly
- •Monthly
- •Bank transfer
- •Cryptocurrency
- •Visa/Mastercard (instant)
- •Rise Platform
Requirements & Benefits
To qualify for payouts, traders need to meet a minimum trading requirement of three days. Additionally, the first payout is processed seven days from the first trade. While Funding Pips does not offer a payout guarantee, the firm’s track record of fast processing times and diverse payout methods provides traders with peace of mind.
The combination of a high-profit split, flexible payout schedule, and multiple payment methods makes Funding Pips an appealing choice for traders seeking a reliable proprietary trading firm. The firm’s policy of instant to 48-hour processing times further underscores its commitment to supporting trader success and satisfaction.
Restricted Countries
Restricted Countries:
This firm maintains geographic restrictions in accordance with regulatory requirements and licensing limitations. These restrictions are in place to ensure compliance with local financial regulations and international trading laws.
The firm currently restricts access from 2 countries and regions. These restrictions may change based on evolving regulatory requirements and the firm's licensing expansion. Traders from restricted countries are advised to check with the firm directly for any updates to geographic availability.