Funding Pips Review
So, let's start our Funding Pips Review about Prop Firms company, which provides provides its traders with three unique funding program, which is divided into 2 stages (Evaluation stage and Funding stage). As you understand, during the Evaluation Stage you demonstrate your success as a trader, and at the Funding stage you get the opportunity to withdraw percentages of your earned profits. So, let's take a closer look at this process and familiarize ourselves with the rules of Prop Firm Funded Pips. Below we will make a detailed Funding Pips Review, but now evaluate the key features of this company for Prop trading.
- Platforms for Prop Trading: Match Trader, cTrader, TradingView
- Participation cost: from $32 to $392
- Available capital for management: from $5,000 to $100,000
- Leverage Available up to 1:100
- No Restrictions on Minimum or Maximum Trading Days
- Maximum Overall Drawdown Capability up to 14%
- Maximum Daily Drawdown Capability up to 7%
- First Profit Withdrawal Available After 5 Days
- Payouts Every 5 Calendar Days
- Profit Sharing Between 80% and 90%
- Permission for Overnight and Weekend Positions
- A Broad Range of Trading Options (including Forex Pairs, Commodities, Indices, Cryptocurrencies)
- Trading During News Events Allowed (During Evaluation Phase)
Go to the Funding Pips website >>>
Expert Advisors Suitable for this Prop Firm:
Funding Pips Funding Programs
Funding Pips, a proprietary trading firm officially known as ANKH PROP – FZCO, was established on August 25, 2022. Based in Dubai, United Arab Emirates, the firm is led by CEO Khaled Ayesh. Funding Pips offers traders a selection of three account types: a two-step evaluation, a one-step evaluation, and a three-step evaluation. They have partnered with a tier-1 liquidity provider to ensure the best simulated real market trading conditions through their brokerage services. Now we will describe each of these programs in more detail:
Two-step Evaluation FundingPips Program
FundingPips rules:
Profit Target – To successfully pass an evaluation phase, withdraw profits, or scale up their trading account, traders must meet specific profit targets. For Phase 1, the profit target is set at 8%, while Phase 2 requires a target of 5%. Funded accounts necessitate a 1% profit achievement for withdrawals.
Maximum Daily Loss – Traders face a limit on the maximum amount they can lose in a single trading day without violating account conditions. For all account sizes, this cap is set at 5%, though it can be scaled up to 7%.
Maximum Loss – The overall loss limit imposed on traders ensures they do not breach the account terms. The threshold for all account sizes is 10%, with scalability up to 14%.
No Hedging – The use of any hedging strategies during trading activities is strictly prohibited for traders.
No News Trading – High-impact news events impose a trading blackout. Traders cannot initiate new trades or close existing ones on affected instruments during a 2-minute window before and after the news announcement. This rule applies only to funded accounts.
Participation cost:
- $5,000 - $100
- $10,000 - $200
- $25,000 - $300
- $50,000 - $400
- $100,000 - $500
The Funding Pips Two-step Evaluation offers traders the chance to manage accounts ranging from $5,000 to $100,000, aiming to spot those who are profitable and adept at risk management over the course of the evaluation. Participants can use up to 1:100 leverage during this process.
- Phase One of the Evaluation necessitates that traders achieve an 8% profit target while adhering to a 5% maximum daily loss and a 10% total maximum loss threshold. Importantly, there are no restrictions on the number of trading days needed in this phase. Advancing to the next phase requires meeting the 8% profit target without violating the daily or overall loss limits.
- Phase Two of the Evaluation continues with a requirement for traders to hit a 5% profit target, still within the bounds of the 5% maximum daily loss and 10% total loss limits. Similar to phase one, there are no prescribed minimum or maximum trading days. To transition to a funded status, traders need to meet the 5% profit goal without exceeding the set loss restrictions.
Upon successfully completing both evaluation phases, traders receive a funded account. Here, a minimum withdrawal requirement is set at 1% of the initial account balance. The same loss limits of 5% daily and 10% overall continue to apply. Payouts are initiated five calendar days after the first trade is placed in the funded account, with subsequent payouts following a 5-day cycle. The profit-sharing scheme allocates between 80% and 90% of the profits to the trader, depending on the earnings generated in the funded account.
The Two-step Evaluation at Funding Pips includes a scaling plan that enhances account sizes and drawdown limits based on the number of successful payouts received and the profit accrued while the account is funded.
Scaling Plan Details:
After 4 successful payouts and achieving a 10% total profit: You qualify for a 20% increase in your initial account balance. The maximum allowable drawdown also rises to 11%.
After 8 successful payouts and a 20% total profit: Your account sees a 30% increase from the initial balance. Additionally, the daily drawdown limit is enhanced to 6%, and the maximum drawdown limit is adjusted to 12%.
After 12 successful payouts and a 30% total profit: You receive a 40% boost to your initial account balance, with the maximum drawdown limit increasing to 13%.
After 16 successful payouts and a 40% total profit: You enter the Hot Seat phase, offering significant benefits:
- Your initial account balance is doubled.
- Personal support and access to advanced trading tools are provided.
- On-demand payout options become available.
- Profit share increases to 90%.
- Potential access to manage up to $2,000,000 through multiple successful scalings.
- Customized trading conditions are tailored to your unique trading style.
- Daily drawdown is increased to 7%.
- Maximum drawdown is elevated to 14%.
- Monthly bonuses, details of which are provided in a dedicated spreadsheet.
This structured scaling approach encourages sustained trading success and growth within Funding Pips' platform.
One-step Evaluation FundingPips Program
FundingPips rules:
Profit Target – Traders are required to reach a specified profit percentage to successfully complete an evaluation phase, withdraw earnings, or scale their trading account. The profit target during the evaluation phase is set at 12%. For funded accounts, there is a 1% profit requirement for withdrawals.
Maximum Daily Loss – There is a limit on the maximum amount that a trader can lose in a single trading day without violating the terms of the account. This maximum daily loss is capped at 4% for all account sizes.
Maximum Loss – The overall maximum loss that a trader is allowed to incur without breaching the account is set at 6% for all account sizes.
No Hedging – The use of any hedging strategies is strictly prohibited during trading activities to maintain straightforward trading tactics.
No News Trading – Trading around the time of high-impact news releases is restricted. Specifically, initiating new trades or closing existing ones on the impacted instrument is forbidden during the 2-minute window both before and after such news announcements. This rule applies only to funded accounts.
Participation cost:
- $5,000 $100
- $10,000 $200
- $25,000 $300
- $50,000 $400
- $100,000 $500
The Funding Pips One-step Evaluation offers traders the chance to manage accounts ranging from $5,000 to $100,000, focusing on identifying disciplined and profitable traders who can effectively manage risk throughout the evaluation. Participants are allowed to trade with leverage up to 1:50.
Evaluation Phase Requirements:
- Traders must achieve a 12% profit target without exceeding a 4% maximum daily loss or a 6% total maximum loss.
- There are no constraints regarding the number of trading days during this phase. Progression to a funded status requires meeting the 12% profit target while adhering to the loss limits.
Upon Completing the Evaluation:
- Traders are granted a funded account, with a minimum withdrawal threshold set at 1% of the initial account balance.
- The funded account continues to operate under the 4% maximum daily loss and 6% total loss rules.
- The first payout occurs 5 calendar days after the first trade is placed in the funded account, with subsequent payouts also scheduled every 5 days.
- Profit sharing ranges from 80% to 90%, dependent on the profits generated in the funded account.
This streamlined evaluation process is designed to fast-track capable traders into funded positions where they can start earning from their trading strategies efficiently.
The One-step Evaluation at Funding Pips includes a dynamic scaling plan that rewards successful trading with account enhancements based on the number of qualifying payouts and cumulative profits.
Scaling Plan Overview:
After 4 successful payouts and achieving a 10% total profit: You qualify for a 20% increase in your initial account balance.
After 8 successful payouts and a 20% total profit: You receive a 30% increase in your initial account balance.
After 12 successful payouts and a 30% total profit: Your account benefits from a 40% increase based on the initial balance.
After 16 successful payouts and a 40% total profit: You enter the Hot Seat, unlocking several exclusive advantages:
- Double the Initial Account Balance: Significantly boosting your trading capacity.
- Personal Support and Advanced Trading Tools: Enhanced resources for strategic trading.
- On-Demand Payouts: Flexibility in accessing your earnings.
- Increased Profit Split to 90%: A higher share of the profits generated.
- Potential Access to up to $2,000,000: Opportunities for further account expansion through multiple successful scalings.
- Customized Trading Conditions: Tailored to optimize your unique trading style.
- Monthly Bonuses: Detailed in a specific spreadsheet, these bonuses reward consistent trading success.
This scaling plan is designed to facilitate growth and reward traders who consistently perform well, encouraging long-term success and stability in their trading careers.
Three-step Evaluation FundingPips Program
FundingPips rules:
Profit Target: Traders are required to reach a specific profit goal of 5% to successfully complete any of the evaluation phases (Phase 1, Phase 2, or Phase 3), withdraw earnings, or advance in their trading account size. For funded accounts, a minimal profit of 1% is necessary for withdrawals.
Maximum Daily Loss: There is a cap on the amount a trader can lose in a single day without violating the terms of the account. This maximum daily loss is set at 4% across all account sizes.
Maximum Loss: The overall loss limit permitted without breaching account conditions is 6% for all account sizes. This ensures that traders maintain control over their risk exposure.
No Hedging: The use of hedging strategies is strictly forbidden during trading activities. This rule ensures that trading tactics remain straightforward and in compliance with risk management protocols.
No News Trading: Trading during times of high-impact news releases is not allowed. Specifically, traders are not permitted to open new trades or close existing ones on affected instruments during a 2-minute window both before and after such news is announced. This restriction is applied only to funded accounts, emphasizing cautious trading around volatile market events.
Participation cost:
- $5,000 - $100
- $10,000 - $200
- $25,000 - $300
- $50,000 - $400
- $100,000 - $500
The Funding Pips Three-step Evaluation offers traders the chance to handle account sizes from $10,000 up to $100,000. This program is designed to identify disciplined traders who demonstrate profitability and effective risk management throughout a comprehensive three-step evaluation period. Participants are allowed to trade with leverage up to 1:50.
Evaluation Phases Overview:
Phase One: Traders must achieve a 5% profit target without exceeding a 4% maximum daily loss or a 6% total maximum loss. There are no restrictions on the number of trading days in this phase. Advancing to the next phase requires reaching the 5% profit target within the stipulated loss limits.
Phase Two: Similar to phase one, traders need to hit another 5% profit target while adhering to the same loss limits. The absence of minimum or maximum trading day requirements allows flexibility in trading strategy. Progression to phase three is contingent on meeting the profit target without violating the loss thresholds.
Phase Three: The final step also requires a 5% profit target under the same loss conditions. Like the previous phases, there are no specific trading day requirements. Completion of this phase with adherence to the loss rules qualifies the trader for funded status.
Upon Completing All Three Phases:
- Traders receive a funded account with a minimum withdrawal requirement set at 1% of the initial account balance.
- The ongoing requirements in the funded account include maintaining the 4% maximum daily loss and 6% total loss limits.
- The first payout is scheduled 5 calendar days after the initial trade in the funded account, with subsequent payouts occurring every 5 days.
- The profit sharing arrangement awards traders between 80% and 90% of the profits, dependent on the earnings generated in the funded account.
This structured approach ensures that only the most capable and consistent traders advance to a funded status, promoting a disciplined trading strategy and risk management.
The Three-step Evaluation at Funding Pips includes a comprehensive scaling plan designed to reward traders for their consistent performance and profitability. This scaling plan facilitates account growth and enhances trading conditions based on successful outcomes.
Scaling Plan Details:
After 4 successful payouts and achieving a 10% total profit: You qualify for a 20% increase in your initial account balance, allowing for more significant trading opportunities.
After 8 successful payouts and a 20% total profit: Your account receives a 30% increase from the initial balance. This increase further expands your trading capacity.
After 12 successful payouts and a 30% total profit: The scaling continues with a 40% increase in the initial account balance, offering even greater financial leverage.
After 16 successful payouts and a 40% total profit: You enter the Hot Seat, unlocking several exclusive benefits:
- Double the Initial Account Balance: This significant increase provides a substantial boost to your trading resources.
- Personal Support and Advanced Trading Tools: Direct access to enhanced trading support and sophisticated tools for strategic trading.
- On-Demand Payouts: Greater flexibility with the timing of your withdrawals.
- Increased Profit Split to 90%: A higher share of the profits returns to you, recognizing your successful trading efforts.
- Potential Access to up to $2,000,000: As you successfully scale your account multiple times, you can qualify to manage a considerably larger fund.
- Customized Trading Conditions: Tailored specifically to fit your unique trading style, optimizing your trading environment.
- Monthly Bonuses: Additional financial incentives detailed in a specific spreadsheet, rewarding ongoing success.
This structured scaling plan is part of Funding Pips' strategy to encourage sustained excellence in trading performance, providing tangible rewards and opportunities for growth as traders progress through successful phases and meet specific profitability thresholds.
The Best Prop Firm passed software are here:
Funding Pips Review and Our opinion about this Prop Firm
Let's start with the fact that this broker does not provide traders with the opportunity to trade on the MetaTrader platform. And this fact suggests that your participation in this project will be very difficult. This is because with the help of manual trading you are unlikely to learn all the rules of this Prop Firm, and automatic trading on the platforms presented for trading will be very difficult. And this is the main reason why we do not really recommend registering with this company.
On the other hand, if you are a master of manual trading and have a good trading strategy in stock with minimal risks, then this company may be a good choice.
In conclusion, Funding Pips stands out as a reputable and trustworthy proprietary trading firm, offering traders a selection of three distinct funding programs: the Two-step Evaluation, One-step Evaluation, and Three-step Evaluation. Each program is designed to cater to different trader profiles and preferences, providing flexible pathways to managing a funded account.
- Two-step Evaluation: This program requires traders to complete two phases with profit targets of 8% in phase one and 5% in phase two. With maximum daily and total loss limits of 5% and 10% respectively, these targets are both challenging and achievable, allowing traders to progress at their own pace due to the absence of minimum or maximum trading day requirements. Additionally, the Two-step Evaluation includes a scaling plan that can increase the initial account balance, enhancing the potential for higher earnings.
- One-step Evaluation: This streamlined evaluation involves a single phase where traders need to achieve a 12% profit target. The loss limits are set at 4% daily and 6% overall, providing a clear and direct route to funding. Like the two-step program, there is no pressure from trading day requirements, and the scaling plan offers further financial growth opportunities.
- Three-step Evaluation: Designed for those who may prefer a more gradual progression, this program involves three phases, each with a 5% profit target. The consistent loss limits of 4% daily and 6% overall across all phases support a disciplined trading approach. The absence of trading day restrictions allows for flexibility in strategy execution, and the scaling plan here also aims to substantially increase account size.
Recommendation: Funding Pips is an excellent choice for individuals seeking a proprietary trading firm that provides exceptional trading conditions and flexibility. The firm caters to a diverse range of trading styles with features like an unlimited trading period, no minimum trading day requirements, scalable drawdown plans, and competitive evaluation pricing. Considering everything that Funding Pips offers, it stands as a leading entity in the proprietary trading industry, well-suited for traders globally seeking to maximize their potential.
