Hey guys. Hey, this time we have got a brand-new review for you. We’re going to Review the prop firm, Funding Pips, who stand among the top prop trading firms within the entire industry. They’re offering a lot of attractive features to Traders all across the globe. So, we’re going to check them out in more depth and see exactly what they offer to Traders.
Updated Funding Pips Review Is Here!
Funding Pips stands as a very famous prop trading firm, established in August 2022, and they have offices in Dubai, United Arab Emirates. Now, Funding Pips offers traders a single funding program, which comprises a two-step evaluation process.
Traders can manage account sizes of up to $100,000, with profit splits ranging from 80 to 90%, alongside an opportunity to scale their capital further.
Funding Pips Funding Program
So, they provide their Traders with a single funding program option, so you can manage account sizes ranging from $5,000 up to $100,000. The aim is to identify consistent traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The evaluation program allows you to trade with up to 1:100 leverage.
- Phase one requires a Trader to reach a profit Target of 8%, and in phase two, you’ve got to reach a profit Target of 5%. Now, in both phases, you cannot surpass the 5% daily loss or 10% overall loss rules.
- And when it comes to time limitations, you have no minimum or maximum trading day requirements during either phase.
- To proceed to funded status, you are only required to hit your profit targets without breaching any of the loss limit rules, both daily or overall.
Once you have successfully completed both evaluation phases, you are awarded a funded account, which is the goal here. Where you have a minimum withdrawal amount of 1% of the initial account balance. Also, you’re only required to respect the daily and overall loss rules. So, your first payout is going to be five calendar days from the day you place your first position on your funded account. And then, all following payouts are also on a five-day basis. So, your profit split will be 80% up to 90% based on the profit you make on your funded account.
Scaling Plans
It also has a scaling plan, so you will receive an account increase as well as daily and maximum drawdown increases, depending on the number of payouts you successfully qualify for and based on the profit you secured in your Funded Account.
- Also, after four successful payouts and a 10% total profit, you qualify for a 20% increase based on the initial account balance, and the maximum drawdown increases to 1%.
- After eight successful payouts and a 20% total profit, you qualify for a 30% increase, the drawdown increases to 6%, and the maximum drawdown increases to 12%.
- Now, after 12 successful payouts being very consistent here, and a total of 30% total profit, you qualify for a 40% increase based on the initial account balance, and maximum drawdown increases all the way up to 13%.
- After 16 successful payouts and a 40% total profit, you will qualify for the hot seat, which will provide you with an array of unique benefits, which include an increase in account balance, personal support, and access to Advanced trading tools, access to On-Demand payouts, a 90% profit split, a potential scaling of all the way up to $2 million, customized trading conditions based on your trading style, increases in drawdowns both daily and maximum, and monthly bonuses ranging from $100 up to $500 depending on your account size.
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