In the fast-paced world of forex and crypto trading, prop firms like Funding Pips play a key role in helping traders access the capital they need to trade. Based in the United Arab Emirates and led by CEO Khaled Ayesh, Funding Pips focuses on identifying and supporting traders by offering various evaluation programs. These programs are designed to give traders the chance to prove their skills and, if successful, to trade with significant capital provided by the firm.

Evaluation Programs at Funding Pips

Funding Pips offers four different evaluation programs, each designed to cater to different levels of experience and risk tolerance among traders. These programs aim to thoroughly test a trader’s skills before providing them with a funded account.

1-Step Evaluation

The 1-Step Evaluation is the simplest program available at Funding Pips. It’s suited for traders who are confident in their strategies and want to quickly demonstrate their trading abilities.

The goal for traders in this program is to achieve a 10% profit target. They must also manage their risk carefully, with a maximum daily loss limit of 4% and an overall loss limit of 6%. Traders have an unlimited period to reach their goals, and they must trade for at least three days. This program is flexible, allowing traders to take their time and manage their trades without worrying about time limits.

2-Step Evaluation

The 2-Step Evaluation adds another layer of testing, making it a good option for traders who can perform consistently under various conditions.

In this program, traders must achieve an 8% profit target in the first phase and a 5% target in the second phase. The risk management rules are slightly more lenient than the 1-Step Evaluation, with a maximum daily loss of 5% and an overall loss limit of 10%. Like the 1-Step program, there is no time limit, allowing traders to work at their own pace.

3-Step Evaluation

The 3-Step Evaluation is the most challenging program offered by Funding Pips. It’s designed to thoroughly test a trader’s skills over three phases.

In the first phase, traders must achieve a 55% profit target, followed by 5% targets in the second and third phases. The risk management rules are similar to those in the 1-Step program, with a 4% maximum daily loss and a 6% overall loss limit. This program is meant for experienced traders who can generate significant returns while managing risk carefully.

FundingPipsX 2-Step X Evaluation

The FundingPipsX 2-Step X Evaluation is a more specialized program that combines elements of challenge and flexibility.

In this program, traders are required to meet a 10% profit target in the first phase and an 8% target in the second phase. The maximum daily loss is set at 4%, with an overall loss limit of 8%. Like the other programs, traders have unlimited time to reach their goals, giving them the flexibility to work at their own pace.

Key Features of Funding Pips

In addition to the evaluation programs, Funding Pips offers several features designed to support traders and improve their trading experience.

Trading Freedom

Funding Pips allows traders to use any trading style or strategy they prefer. Whether it’s using Expert Advisors (EAs), holding positions during news events, or trading over the weekend, traders have the freedom to trade in the way that suits them best. However, certain risk management rules still apply to ensure responsible trading.

No Time Pressure

Understanding that trading can be stressful, Funding Pips offers free retries and extensions on their evaluation programs. This means traders aren’t under pressure to meet their targets within a specific time frame, allowing them to trade at their own pace.

Scaling Opportunities

One of the standout features of Funding Pips is its Scaling Plan. As traders prove their skills and consistency, they can gradually increase their account size, daily loss limits, and overall loss limits. This allows traders to grow their potential earnings over time.

Traders start at the Launchpad level, where they can scale up their account size by 20% after achieving four payouts and a 10% total profit. As they continue to demonstrate success, they can advance through levels, eventually reaching the Hot Seat. At this level, traders benefit from a 100% profit split and can access up to $2 million in trading capital.

Payout Flexibility

Funding Pips offers a flexible payout system that allows traders to request their earnings every Tuesday. Depending on the start day of the Master account, payouts are processed within the same day or up to four trading days. Once traders reach the Hot Seat status, they can enjoy on-demand payouts and keep 100% of their profits.

Supported Trading Platforms

Funding Pips supports several popular trading platforms, giving traders the flexibility to choose the one that best suits their needs. These platforms include MatchTrader, cTrader, and Tradelocker with TradingView integration. Each platform offers advanced trading tools and real-time analytics, ensuring that traders have everything they need to succeed.

Market Instruments Available at Funding Pips

Funding Pips gives traders access to a wide range of market instruments, including Forex, Crypto, Indices, Metals, and Energies. Traders benefit from competitive spreads and various leverage options, depending on the evaluation model they choose.

In the 2-Step model, traders can use leverage of up to 1:100 for Forex, 1:30 for Metals, 1:20 for Indices, 1:10 for Energies, and 1:2 for Crypto. The 1-Step and 3-Step models offer slightly lower leverage, with up to 1:50 for Forex, 1:20 for Metals and Indices, 1:10 for Energies, and 1:2 for Crypto.

Consistency Rule in FundingPipsX

The Consistency Rule is a crucial part of the FundingPipsX model. This rule requires that no single trading day should account for more than 45% of the total profit during the evaluation. The goal is to encourage disciplined trading and prevent traders from relying too heavily on luck or volatile market movements.

Prohibited Trading Strategies

To maintain fairness, Funding Pips prohibits certain trading strategies, such as gap trading, high-frequency trading, server spamming, latency arbitrage, and others. Additionally, third-party Expert Advisors (EAs) are only allowed if they are used as trade or risk managers. Any use of prohibited strategies or unauthorized EAs can result in the termination of the trader’s account.

Conclusion

Funding Pips offers a supportive environment for traders looking to grow their careers. With its variety of evaluation programs, flexible trading rules, and opportunities for scaling up, it’s a prop firm that caters to traders of all levels. The firm’s approach to transparency, trader support, and risk management makes it a viable option for those who are serious about trading. Whether you’re a beginner or an experienced trader, Funding Pips provides the tools, capital, and support needed to succeed.