Funding Pips Prop Firm Review – Funding Pips Prop Firm has quickly become a popular choice among traders looking to access significant capital and scale their trading careers without risking personal funds. The trading platform, with its set of rules that guide the review process, competitive profit splits, and much focus on disciplined risk management, benefits professional and budding traders alike. This review highlights Funding Pips’ key pros and cons to help you assess if it aligns with your trading goals and risk tolerance.
Key Features of Funding Pips
- Challenge Mode: Offers 1-step, 2-step, 3-step challenges, with account sizes ranging from $5,000 to $100,000.
- Profit Split: Traders can earn up to 100% profit share
- Trading Instruments: Major/Minor pairs, Metals, Indices, Commodities, Cryptocurrencies, etc.
- Leverage:The maximum leverage is 1:100 for forex, 1:20 for indices, 1:30 for metals, 1:10 for energy, and 1:2 for cryptocurrencies.
- Scaling Plan: As the account size and loss limit increase, there is an opportunity to expand to $2 million USD
- Trading Platform: cTrader, Match Trader, TradeLocker
Trading Platform
The only trading platform available at Funding Pips is the MetaTrader 5. MT5 features customizable charts, technical indicators, real-time news about the markets, along with numerous order types that are out there. Accessible from any device, from desktops to laptops, smartphones, and tablets. As a result, traders can effortlessly access their accounts and execute trades from anywhere in the world.
Trading Instruments
Funding Pips proprietary firm offers an extensive array of trading instruments to accommodate diversified trading strategies. The traders can trade in several markets, including:
- Forex Pairs: Funding Pips offers a wide range of major, minor, and exotics currency pairs, giving traders wide perspective building on global economic trends and geopolitical events.
- Commodities: It provides access to the commodities market, including popular precious metals like gold and silver, as well as energy commodities like crude oil.
- Indices: Traders can transition to speculating on the performance of leading stock markets worldwide by utilizing a range of global indices.
- Cryptocurrencies: Funding Pips allows traders to trade popular cryptocurrencies like Bitcoin, Ethereum, and Ripple.
Pros of Funding Pips Prop Firm
Below, we explore the top pros of Funding Pips and how these features can enhance your trading journey.
- High Capital Allocation: Funding Pips provides traders with sufficient capital for opening bigger positions and maximizing returns.
- Competitive Profit Split: It offers one of the best profit splits, which may go up to **80-90%**, depending on traders’ performance.
- Flexible Trading Rules: Funding Pips allows traders to use any strategy, from scalping and swing trading to algorithmic trading, without limitations.
- Scaling Opportunities: In the event a trader demonstrates consistent profitability, scaling their account can occur and, in turn, unlock much larger trading capital based on performance.
- Global Accessibility: Funding Pips welcomes traders worldwide, allowing skilled and disciplined individuals to compete on a level playing field.
- Educational and Support Resources: The company has several training tools that are effective in enabling good performance by the traders; this includes sessions for training and feedback on performance.
- Fast Payouts:Traders enjoy quick, hassle-free payouts, receiving profits reliably and efficiently.
Cons of Funding Pips Prop Firm
- Evaluation Fees: An upfront screening fee that traders must pay for being screened might deter those who would not invest in such a fairly risky opportunity with no guaranteed success.
- Limitations of Risk Management: Funding Pips places strict regulations on risk management: a daily maximum loss and overall drawdowns-may hinder trading flexibility and negatively affect the full strategy implementation of various traders.
- Fewer Asset Classes: The range of tradable instruments may be fewer than other firms offer, and this can be a constraint for traders looking to diversify across a wide range of financial instruments or markets.
- No Immediate Funding: Traders will have to pass the evaluation process before they see any real money come out of this firm. This means immediate trading on this firm’s money is impossible.
- Continuing Performance Requirements: To stay funded, traders must consistently perform well, which can add pressure and be challenging for those prone to trading slumps.
Evaluation Phases
The Funding Pips Evaluation Program features two stages that transition from assessing a trader’s consistency to evaluating their skill and risk management.
Phase One
In the first stage, traders must achieve an 8% return while avoiding a daily loss over 5% or a total loss of 10%. A key advantage is the absence of a minimum trading duration, which allows traders to proceed at their own pace.
Phase Two
The second phase is also quite challenging to the traders, setting a profit objective of 5%. All losses carry over from the first phase, and traders can proceed at their own pace without strict day limits.
Scaling Plan
As traders move through the evaluation phases at Funding Pips, they have the opportunity to grow their accounts through the Scaling Plan. This plan rewards strong performance, with account growth tied to each successful payout.Funded Account
Funding Pips also has a generous profit-sharing structure. Depending on their success, traders can take home between 80% to 90% of the profits they make. This is designed to directly reward traders for their achievements in the market.
Profit Sharing and Payouts
Funding Pips is all about giving traders the tools they need to succeed. At the heart of their services is a user-friendly, feature-rich trading platform designed to make trading smooth and effective. This platform ensures traders have everything they need to carry out their strategies effortlessly.
Frequently Asked Questions (FAQ)
What Funding Pips does?
- Funding Pips provides prop trading opportunities with various evaluation programs, offering CFDs in commodities, energies, currencies, crypto, and indices.
How fast are withdrawals processed?
- Withdrawals, whether through bank transfer or crypto, are typically processed within 24 hours of approval, though the timing may vary based on the receiving bank.
What is the maximum profit split available?
- Funding Pips offers up to a 100% profit split for traders, maximizing their earnings potential.
Which Broker Does Funding Pips Use?
- Funding Pips doesn’t trade with any of the common broker brands. They are partnered with a tier-1 liquidity provider with the best simulated real market trading conditions. Funding Pips lets you trade on Match-Trader, cTrader, or TradeLocker.
