Company Information

Company Name: 2Pips FX
Company Legal Name: Prop Trade Tech Pty Ltd
Company Registration No.: CAN 661 045 950
Operating Since: Undisclosed
CEO Name: Undisclosed

Challenge Details

2Pips FX offers one challenge type, the HFT Algo Challenge. Here are the details :-

Pricing

Price: $81 for $5,000 account
Price: $135 for $10,000 account
Price: $245 for $25,000 account
Price: $375 for $50,000 account
Price: $569 for $100,000 account
Price: $999 for $200,000 account

Rules

Profit Target (Evaluation Phase): 8%
Total Loss: 10%
Daily Loss: 5%
Profit Share: Up to 80%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage:
- 1:100 during the evaluation phase
- 1:20 during the funded phase
Max Lot Size: Undisclosed
Payout Frequency: Every 21 days
Allows Copy Trading: No
Min Trading Days: 0

Scaling Plan

2Pips FX does not currently offer a scaling plan for funded traders.

Spreads and News Trading Rules

Spreads

2Pips FX has not mentioned the spreads applied on their trading platform.

News Trading Rules

News trading is not allowed by 2Pips FX, Traders are not allowed to trade 10 minutes before or after a high impact news event. During this 20 minutes window, any sort of modification in an open trade is also not allowed.

Other Important Rules

Daily Drawdown Calculation

2Pips FX calculates daily drawdown based on static drawdown. which means the drawdown amount does not increase or increase based on the PnL of the account but will stay the same based on the initial balance of the account.

Countries Banned from Purchasing

Services are not available for residents of the following countries:

Cuba
Iran
North Korea
Myanmar
Russia (including Crimea, Donetsk, and Luhansk regions of Ukraine)
Somalia
Syria

Prohibited Trading Strategies

2Pips FX has listed the following trading strategies which they have banned in their funded stage:

High-frequency trading (manual or automated)
Hedge arbitrage trading
Tick scalping
Grid trading
Martingale strategies
One-sided betting
Latency arbitrage
Reverse arbitrage
Copying trades from other traders

Payout Methods

2Pips FX offer traders to withdraw their profits via cryptocurrency or bank transfer with the following conditions:

Minimum Cryptocurrency Withdrawal:
- $50 for funded accounts of $5,000
- $100 for all other funded accounts
Minimum Bank Transfer Withdrawal: $100 (traders must cover transaction fees)

Trading Commissions

2Pips FX has not mentioned the trading commissions charged on their trading platform.

IP Rule

2Pips FX does not allow traders to trade multiple accounts from the same IP address and also traders are not allowed to trade their one account from multiple IP Addresses.

Leave a Review for 2Pips Fx – Share Your Prop Trading Experience

2Pips Fx

FAQs

Who is permitted to write a review on The Trusted Prop?

What areas can I focus on for providing a feedback in my review?

Do I need to upload some type of proof in order to leave a review?

How long does it take for my review to show up on the website?

Am I able to change or delete my review after submission?