Funding Pips
Funding Pips is a prop trading firm that offers traders the opportunity to manage funded accounts with profit splits up to 100%. The company focuses on providing trading opportunities across various financial instruments with competitive terms.
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Fees and rules can change. Check the firm’s official terms before purchasing.
What is Funding Pips and what makes it unique?
Funding Pips is a proprietary trading firm headquartered in the United Arab Emirates. It offers traders a substantial profit split of 80% and a maximum funding limit of $10,000,000. Unique features include the allowance of news trading, scalping, and weekend holdings, but it restricts high-frequency trading and hedging.
What platforms can I use with Funding Pips?
Traders at Funding Pips can access their accounts through cTrader, Match-Trader, and TradeLocker platforms. These platforms provide robust tools and features for diverse trading strategies while ensuring a seamless trading experience.
Does Funding Pips have any ratings or reviews?
Currently, Funding Pips does not have an overall rating or Trust Pilot reviews. This might be due to its recent inception or a lack of user feedback. Traders are encouraged to assess the firm's features and terms before engagement.
How much funding can I get with Funding Pips?
Funding Pips offers traders the opportunity to scale their accounts up to a maximum funding of $10,000,000. This allows traders to manage larger positions and potentially increase their profitability over time.
What are the trading account restrictions with Funding Pips?
Funding Pips imposes certain restrictions, such as a 4% daily drawdown and an 8% maximum drawdown. Additionally, traders must maintain a 45% consistency score and avoid prohibited strategies like hedging and high-frequency trading.
What happens if I violate the rules at Funding Pips?
Violating the rules at Funding Pips, such as exceeding drawdown limits or engaging in prohibited strategies, may result in the termination of your trading account. Traders are advised to adhere strictly to the firm's guidelines to maintain their accounts.
What are the evaluation requirements at Funding Pips?
To qualify for funding, traders must achieve a 10% profit target over a minimum of 3 trading days without exceeding a 4% daily drawdown or an 8% maximum drawdown. The evaluation fee ranges from $3,600 to $49,900, depending on account size.
Are there any fees associated with the evaluation process at Funding Pips?
Yes, traders must pay an evaluation fee to participate in the funding assessment. Fees range from $3,600 to $49,900, depending on the chosen account size and potential funding level.
Is news trading allowed during the evaluation phase at Funding Pips?
Funding Pips allows news trading during the evaluation phase, but it is restricted on Master funded accounts during high-impact news releases. Traders should be cautious and adhere to these conditions to avoid account violations.
What trading strategies are prohibited by Funding Pips?
Funding Pips prohibits strategies like gap trading, high-frequency trading, hedging, arbitrage, server spamming, copy trading, and third-party account management. Traders should avoid these to ensure compliance with firm guidelines.
Can I hold trades over the weekend with Funding Pips?
Yes, Funding Pips allows traders to hold positions over the weekend. This flexibility enables traders to manage longer-term strategies and positions based on market conditions.
What is the maximum number of simultaneous positions allowed with Funding Pips?
Funding Pips allows a maximum of 20 lots per trade, enabling traders to manage multiple positions simultaneously within this limit. This provides opportunities for diversification and strategy execution.
How does the profit split work at Funding Pips?
Funding Pips offers an attractive profit split starting at 80% for traders. Depending on the program and scaling level, this can increase to 100%, allowing successful traders to retain a larger share of their earnings.
Are there any conditions for achieving a higher profit split at Funding Pips?
Yes, traders can achieve a higher profit split of up to 100% by advancing through Funding Pips' scaling program. This incentivizes consistent performance and adherence to trading guidelines.
What are the payout methods available with Funding Pips?
Funding Pips offers multiple payout methods including bank transfer, cryptocurrency, Visa/Mastercard (instant), and the Rise Platform. This variety provides traders with flexibility and convenience in receiving their earnings.
How often can I receive payouts from Funding Pips?
Traders can receive payouts weekly, bi-weekly, or monthly. The first payout is available 7 days from the first trade, with subsequent payouts processed within 48 hours, ensuring timely access to profits.
How can I contact Funding Pips support, and what are the response times?
Traders can contact Funding Pips support through email, phone, or live chat. While specific response times aren't provided, the firm aims to address inquiries promptly to ensure a smooth trading experience.