The Funding Pips X 2-Step X Evaluation is a two-phase challenge designed to test and prove a trader's skills. It’s ideal for traders who want to demonstrate their abilities and gain access to significant trading capital. In this article, we’ll break down the key details of the Funding Pips X 2-Step X Evaluation, including profit targets, risk management rules, and other important aspects. Whether you’re an experienced trader or looking to tackle a new challenge, understanding this evaluation process is essential for success.

Profit Targets :-

In the Funding Pips X 2-Step X Evaluation, traders must reach two profit targets:

Phase 1: The goal is to achieve a 10% profit. This phase tests your ability to make significant returns while keeping risks in check.

Phase 2: The goal is slightly lower, with an 8% profit target. This phase checks if you can keep up your performance after hitting the first target.

Hitting these profit targets is necessary to move through the evaluation and ultimately become a funded trader.

Daily Drawdown :-

Managing risk is crucial in the Funding Pips X 2-Step X Evaluation. The daily drawdown limit is set at 4%, meaning your account’s equity shouldn’t drop by more than 4% in a single day. This rule is based on the higher value between your account's equity (including any floating profits or losses) and your balance (which reflects your total after closing all positions). The daily maximum loss resets every day at midnight Central European (Summer) Time (CE(S)T), so each day starts fresh, but you need to manage your risks carefully.

Max Drawdown :-

The maximum drawdown allowed in the Funding Pips X 2-Step X Evaluation is 8%. This is a fixed drawdown, meaning it stays at 8% of your starting balance, no matter how much profit you make. This rule ensures you focus on both making profits and protecting your capital by managing risks effectively.

Minimum Trading Days :-

To pass the Funding Pips X 2-Step X Evaluation, you need to trade for at least 3 days in each phase. This requirement shows that you can consistently perform over several trading sessions, not just rely on one good day.

Maximum Trading Days :-

There’s no time limit to complete the Funding Pips X 2-Step X Evaluation. You can take as long as you need to reach the profit targets in both phases. This flexibility allows you to trade at your own pace and wait for the right market conditions without feeling rushed.

Profit Share and Payout Frequency :-

Once you pass the Funding Pips X 2-Step X Evaluation and get a funded account, you can request payouts whenever you like, as long as you meet the 45% consistency score. The profit share is set at 80%, meaning you keep most of what you earn. The minimum amount you can request for a payout is 1% of your starting balance, and payouts are subject to exchange rates and transaction fees.

Leverage :-

Leverage allows you to control larger positions with less capital. In the Funding Pips X 2-Step X Evaluation, you can use up to 1:50 leverage. The exact leverage depends on the type of asset you’re trading:

Forex pairs: 1:50

Metals: 1:20

Indices: 1:20

Energies: 1:10

Cryptocurrencies: 1:2

This setup gives you the flexibility to try different trading strategies while keeping an eye on risk.

News Trading :-

While you have a lot of freedom in trading, there are specific rules around trading during high-impact news events. You’re allowed to hold positions during these events, but you can’t open or close trades within 5 minutes before or after the news. If you do, any profits won’t count toward your evaluation, unless you opened the trade at least 5 hours before the news event. This rule applies to all types of trade executions, like manual orders, pending orders, stop-losses, and take-profits.

Holding Trades Overnight and Over Weekends :-

In the Funding Pips X 2-Step X Evaluation, you can hold trades overnight and over the weekend. This is helpful for traders who use longer-term strategies and don’t want to close positions just because the trading day ends.

Consistency Rule :-

The consistency rule is important in both the evaluation and the Master stages. This rule means that your biggest winning day shouldn’t make up more than 45% of your total profits. If you hit the profit target but haven’t met this consistency score, you can keep trading until you do. This rule encourages steady, disciplined trading rather than relying on a single big win.

Account Sizes Available :-

The Funding Pips X 2-Step X Evaluation offers several account sizes to suit different needs:

$5,000

$10,000

$25,000

$50,000

$100,000

These options let you choose an account size that fits your trading style and experience level.

Conclusion

The Funding Pips X 2-Step X Evaluation is a challenging but rewarding path to securing a funded account. With clear profit targets, strict drawdown limits, and flexible trading rules, this evaluation tests your skills, discipline, and consistency. By understanding and following the rules, you can successfully navigate the process and move closer to becoming a funded trader. Whether you’re building on your existing experience or looking for a new challenge, the Funding Pips X 2-Step X Evaluation offers a valuable opportunity.