Funding Pips is a prop firm registered in New Zealand. It was established on February 09, 2022, and can be contacted through their official email address at [email protected]. The firm offers traders the opportunity to participate in the Two Phase Challenge using the MT4 and MT5 trading platforms.
Funding Pips allows traders to use Skrill, Crypto, and Paypal as payment methods, and offers withdrawal options such as Crypto, Bank Transfer, and Wire Transfer. The firm works with Eightcap as their broker.
Scaling at Funding Pips follows a schedule. In the first month as a funded trader, there is a 10% increase on the initial balance. In the second month, there is a 15% increase, and in the third month, there is a 20% increase. From the fourth month onwards, funded traders receive a “hot seat” and can potentially access up to $2 million per trader in the firm. Funding Pips also provides tailored personal conditions for traders at this stage.
Traders can request a scale-up if their account balance is positive and they have achieved a minimum of 8% profit while maintaining minimal maximum and daily drawdown in the previous trading month.
High-Frequency Trading (HFT) is not allowed at Funding Pips, but copy trading and hedging are permitted. The use of Expert Advisors (EA) is not allowed. Customer support is available through Discord, Live Chat, and Twitter. The firm does not offer free trials or organize competitions for traders. Traders from Russia are not permitted to participate in Funding Pips’ programs. Free retries are not provided.
Please note that the information provided is based on the available data, and it is recommended to verify the details and terms directly with Funding Pips for the most up-to-date and accurate information.
