For traders looking to prove their skills and gain access to significant trading capital, the 1-Step Evaluation from Funding Pips offers a straightforward yet challenging way to achieve this goal. In this article, we will break down the details of the Funding Pips 1-Step Evaluation, explaining everything you need to know to succeed in this program. Whether you’re new to trading or have experience under your belt, understanding how this evaluation works is crucial to maximizing your chances of success.

Profit Target :-

In the 1-Step Evaluation, there is only one profit target that traders need to reach. This target is set at 10% of the account balance. Achieving this goal is essential for passing the evaluation and moving on to a funded trading account. Since this is a single-phase evaluation, the entire process hinges on hitting this 10% profit target, making it a clear and focused challenge for traders.

Daily Drawdown :-

Managing risk is a key part of succeeding in the 1-Step Evaluation. One of the critical rules traders must follow is the daily drawdown limit, which is set at 4%. This means that at no point during a trading day should the account's equity drop by more than 4% from its starting value. This rule applies to the higher value between your account equity (which includes your floating Profit and Loss) and your balance (the total after all positions have been closed). If your equity drops below this limit at any time during the day, it will be considered a breach of the rules, and you may fail the evaluation.

Max Drawdown :-

Another important rule in the 1-Step Evaluation is the maximum drawdown limit, set at 6%. Unlike the daily drawdown, this is a static drawdown, which means it’s calculated based on the initial balance and doesn’t move. No matter how much profit you make, the drawdown remains at 6% of your starting balance. This rule ensures that traders remain consistent and avoid taking excessive risks that could lead to significant losses.

Minimum Trading Days :-

To pass the 1-Step Evaluation, traders must trade for at least 3 days. This requirement is in place to ensure that traders demonstrate consistent performance over multiple sessions rather than relying on a single day of trading. The three-day minimum allows Funding Pips to see how traders handle different market conditions and maintain discipline over time.

Maximum Trading Days :-

One of the most trader-friendly aspects of the 1-Step Evaluation is that there is no maximum time limit to complete the challenge. Traders can take as long as they need to reach the 10% profit target, reducing the pressure and allowing for a more strategic approach to trading. This flexibility is particularly beneficial for those who prefer to trade at a slower pace or who want to wait for ideal market conditions before taking action.

Profit Share :-

When traders pass the 1-Step Evaluation and move on to a funded account, they are eligible to receive 80% of the profits they generate. This profit share is quite generous, allowing traders to keep the majority of their earnings. Additionally, Funding Pips offers the opportunity to increase this profit share to 100% once a trader reaches the maximum scaling plan, known as the Hot Seat. This potential for growth makes the 1-Step Evaluation an attractive option for serious traders.

Payout Frequency :-

After becoming funded, traders can withdraw their profits every 7 days. This regular payout schedule ensures that traders have consistent access to their earnings, helping them manage their finances effectively. For those who reach the Hot Seat, the payout frequency becomes even more flexible, with the option to withdraw profits on demand. This feature is particularly appealing for traders who achieve consistent success and wish to enjoy immediate access to their earnings.

Leverage :-

Leverage is an important factor in the 1-Step Evaluation, as it determines the level of exposure a trader can achieve relative to their account size. For the 1-Step Evaluation, the leverage is set as follows:

Forex: 1:50

Metals: 1:20

Indices: 1:20

Energies: 1:10

Crypto: 1:2

This leverage allows traders to amplify their positions and potentially increase their returns, though it also requires careful risk management to avoid significant losses.

News Trading :-

While Funding Pips allows traders a great deal of flexibility, there are specific rules regarding trading during high-impact news events. Traders are allowed to hold positions through these events but are not permitted to execute new trades or close positions within five minutes before or after the news release. If trades are made within this restricted window, any profits generated will not be counted towards the account. The only exception is if a position was opened at least 5 hours before the news event. This rule applies to all forms of trade execution, including manual orders, pending orders, stop-loss, and take-profit orders.

Holding Trades Overnight and Over Weekends :-

Traders participating in the 1-Step Evaluation have the freedom to hold trades overnight and through weekends. This flexibility allows traders to manage their positions according to their strategies without the need to close trades prematurely due to time constraints. For those who engage in longer-term strategies, this feature can be particularly advantageous.

Account Sizes Available :-

The 1-Step Evaluation offers a range of account sizes to suit different traders' needs and levels of experience. The available account sizes are:

$5,000

$10,000

$25,000

$50,000

$100,000

These options allow traders to select the account size that best matches their trading style and capital requirements. Whether you’re just starting out or have significant experience, there is an account size that can accommodate your needs.

Conclusion

The Funding Pips 1-Step Evaluation is designed to provide traders with a clear, straightforward path to a funded account. With its single profit target, strict drawdown limits, and flexible trading rules, it offers a balanced challenge that rewards discipline and consistency. By understanding and following the rules of the evaluation, traders can successfully navigate the process and move closer to their goal of becoming a funded trader. Whether you are new to trading or an experienced professional, the 1-Step Evaluation offers a unique opportunity to prove your skills and access substantial trading capital.