If you’re a trader looking for a way to access funding, then you might have heard of Funding Pips. They offer a unique opportunity for traders to access capital and grow their accounts. But is Funding Pips a good choice for you? In this review, we’ll take a closer look at the platform and what it has to offer.
Funding Pips is built by traders for traders, and they have a unique evaluation process designed to find trading talents while helping them get through their funding problems. They offer two phases of evaluation, Student and Practitioner, and a funded phase for Masters. The evaluation process, trading conditions, objectives, and trading rules are all designed to offer the greatest experience for their traders. If you’re a consistent and disciplined trader, you may find success with Funding Pips.
Understanding Funding Pips
If you’re a trader looking for a way to get funded without risking your own capital, Funding Pips might be the solution you’re looking for. Funding Pips is a trading firm that provides traders with the opportunity to trade with their capital. The company is based in Dubai and was founded by a team of traders who understand the challenges traders face when trying to get funded.
Funding Pips has a two-phase evaluation process that traders need to pass to become funded by the company. The first phase is the Student level, where traders are evaluated based on their trading skills and risk management abilities. The second phase is the Practitioner level, where traders are given a funded account to trade with. If traders can reach their profit targets within the evaluation period, they can become funded by Funding Pips.
The CEO of Funding Pips is passionate about providing traders with the opportunity to trade with their capital. The company’s user interface is designed to be user-friendly and intuitive, making it easy for traders to navigate. The company’s trading rules and objectives are designed to provide traders with the best experience possible.
Funding Pips is committed to providing traders with the best trading conditions possible. The company offers competitive spreads and low commissions, making it easier for traders to make a profit. The company also provides traders with access to a wide range of trading instruments, including forex, stocks, and commodities.
In conclusion, if you’re a trader looking for a way to get funded without risking your own capital, Funding Pips might be the solution you’re looking for. The company’s two-phase evaluation process is designed to help traders improve their trading skills and risk management abilities. The company’s user interface is user-friendly and intuitive, making it easy for traders to navigate. The company’s trading conditions are designed to provide traders with the best experience possible.
The Trading Challenge
Challenge Overview
Funding Pips is a trading platform that offers traders the opportunity to showcase their skills and get funded. The platform has a unique evaluation process that is designed to help traders advance their careers. The challenge is divided into two phases: the Student phase and the Practitioner phase.
In the Student phase, traders are required to reach a profit target of 8% without violating any trading rules. Traders who meet this target and follow the rules will be allowed to move on to the Practitioner phase. In the Practitioner phase, traders are evaluated based on their ability to meet specific trading objectives.
Evaluation Process
The evaluation process at Funding Pips is designed to identify and fund talented traders. The process is broken down into two phases: the Student phase and the Practitioner phase. In the Student phase, traders are evaluated based on their ability to reach a profit target of 8% without violating any trading rules.
In the Practitioner phase, traders are evaluated based on their ability to meet specific trading objectives. The objectives are designed to test the trader’s ability to manage risk and make profitable trades. Traders who successfully complete the evaluation challenge will be funded by Funding Pips.
Profit Target and Trading Rules
The profit target in the Student phase of the evaluation process is 8%. Traders who meet this target without violating any trading rules will be allowed to move on to the Practitioner phase. The trading rules are designed to ensure that traders are managing risk effectively and making profitable trades.
Traders who violate the trading rules will not be allowed to advance to the Practitioner phase. The trading rules are designed to ensure that traders are following best practices and managing risk effectively.
Maximum Daily Loss
Funding Pips has a maximum daily loss limit of 2%. Traders who exceed this limit will be disqualified from the evaluation process. The maximum daily loss limit is designed to ensure that traders are managing risk effectively and not taking on excessive risk.
Overall, the evaluation process at Funding Pips is designed to identify and fund talented traders. The process is rigorous and designed to ensure that only the best traders are funded. If you are a talented trader looking for funding, Funding Pips may be the platform for you.
Proprietary Trading Firm
If you are a trader who is struggling with undercapitalization, Funding Pips might be the solution you are looking for. Funding Pips is a proprietary trading firm that provides funding to talented traders who are struggling to find the capital to trade.
Prop Firm Structure
Funding Pips is a proprietary trading firm that is built by traders for traders. The firm provides funding to traders who pass their two-phase evaluation process. The evaluation process is designed to find trading talents while helping them get through their funding problems. Once you have successfully passed the evaluation process, you can risk the firm’s capital.
Role of Traders
As a trader with Funding Pips, your role is to be a consistent and disciplined trader. The firm’s trading rules and objectives are designed to offer the greatest experience for traders. It is important to note that Funding Pips believes that traders go through three main levels in their careers: Student, Practitioner, and Master.
If you are a student, Funding Pips will provide you with the necessary education and resources to help you become a practitioner. If you are a practitioner, the firm will provide you with the necessary capital to help you become a master.
In summary, Funding Pips is a proprietary trading firm that is built by traders for traders. The firm provides funding to talented traders who are struggling to find the capital to trade. The firm’s evaluation process, trading conditions, objectives, and trading rules are all designed to offer the greatest experience for traders. As a trader with Funding Pips, your role is to be a consistent and disciplined trader who follows the firm’s trading rules and objectives.
Funding Pips Platforms
Funding Pips offers its traders two trading platforms: MetaTrader 5 and Crypto Trading. Both platforms are designed to provide traders with a seamless trading experience and come with a range of features and tools to help traders maximize their profits.
MetaTrader Overview
MetaTrader 5 is a popular trading platform that is widely used by traders around the world. It is known for its advanced charting capabilities, customizable interface, and wide range of technical indicators. With MetaTrader 5, traders can access a range of financial instruments, including forex, stocks, commodities, and cryptocurrencies.
Funding Pips offers traders access to MetaTrader 5, along with competitive trading conditions, including low spreads and high leverage. Traders can also take advantage of Funding Pips’ risk management tools, including stop-loss orders and take-profit orders, to help them manage their trades and minimize their risk.
Crypto Trading
Funding Pips also offers traders access to its Crypto Trading platform, which is designed specifically for trading cryptocurrencies. With Crypto Trading, traders can access a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, and take advantage of Funding Pips’ competitive trading conditions, including low spreads and high leverage.
Traders can also use Funding Pips’ risk management tools to help them manage their trades and minimize their risk. In addition, Funding Pips’ Crypto Trading platform is designed to be user-friendly and easy to navigate, making it an ideal choice for both experienced and novice traders.
Overall, Funding Pips’ trading platforms offer traders a range of features and tools to help them maximize their profits and manage their risk. Whether you are an experienced trader or just starting out, Funding Pips has a platform that is right for you.
Community and Support
Funding Pips has a strong community of traders who are all working towards their goal of becoming successful traders. The community is built around the Funding Pips Discord server, where traders can chat with each other, share ideas, and ask for help. The server is active and has a friendly atmosphere, making it a great place to connect with other traders.
Social Media Presence
Funding Pips has a strong social media presence, with active accounts on Twitter, Facebook, Instagram, and YouTube. The accounts are regularly updated with news, trading tips, and updates on the progress of traders in the program. Following Funding Pips on social media is a great way to stay up-to-date with the latest developments in the program.
Customer Support
Funding Pips offers excellent customer support to its traders. The team is responsive and helpful, and they are always available to answer any questions or concerns. Traders can contact customer support via email or through the Funding Pips Discord server. The team is knowledgeable and can provide guidance on trading strategies, risk management, and more.
In conclusion, Funding Pips has a strong community of traders and a great social media presence. The customer support is excellent, and traders can feel confident that they will receive the help they need when they need it.
Trading Instruments and Conditions
Funding Pips offers a wide range of trading instruments for its traders. The platform provides access to over 50 forex pairs, commodities, and indices. The trading conditions are designed to offer the greatest experience for traders, with customized trading conditions tailored precisely to unique trading strategies.
Forex Pairs
Funding Pips offers a wide range of forex pairs, including major, minor, and exotic pairs. The platform provides competitive spreads, ranging from as low as 0.2 pips for major pairs. Traders can also take advantage of the platform’s advanced trading tools, including hedging and stop-loss orders.
Commodities and Indices
Funding Pips offers a range of commodities and indices for trading. Traders can trade on popular commodities such as gold, silver, and oil, as well as major indices such as the S&P 500 and Dow Jones. The platform provides competitive spreads and targets for these instruments, with spreads as low as 0.05 pips for some commodities.
Overall, Funding Pips offers a wide range of trading instruments and conditions for traders. The platform’s competitive spreads, customized trading conditions, and advanced trading tools make it an attractive option for both novice and experienced traders.
The Funded Phase
Once you successfully pass the evaluation course, you will enter the funded phase. This is where you get to trade with Funding Pips’ capital. In this section, we will discuss the details of the funded phase, including account size and profit split.
Account Size
The account size you receive during the funded phase depends on your performance during the evaluation phase. Funding Pips offers account sizes ranging from $25,000 to $500,000. The account size you receive will be determined based on your risk management and trading performance during the evaluation phase.
Profit Split
During the funded phase, you get to keep up to 90% of the profits you make. The profit split is determined by your account size, and the remaining percentage goes to Funding Pips. The table below shows the profit split based on the account size:
It’s important to note that the profit split is calculated based on the high-water mark. This means that if you make a profit, your profit split will be calculated based on the highest point your account has reached. If you make a loss, you will need to make up for it before you can receive any profit share.
In summary, the funded phase is where you get to trade with Funding Pips’ capital. The account size you receive depends on your performance during the evaluation phase, and the profit split is determined by your account size. It’s important to manage your risk and maintain consistency to maximize your profit share.
Additional Features
Funding Pips offers additional features to its traders, which can help them to improve their trading skills and increase their profits. Here are some of the additional features that Funding Pips provides:
News Events
Funding Pips provides access to the latest news events that can impact the financial markets. The news events are updated in real-time, and the traders can use this information to make informed trading decisions. The news events are displayed on the dashboard, and the traders can filter the news events based on their preferences.
Copy Trading
Funding Pips offers copy trading, which allows traders to automatically copy the trades of successful traders. This feature is beneficial for traders who are new to trading or do not have the time to monitor the market. The traders can choose the traders they want to copy based on their trading history and performance.
In addition to these features, Funding Pips also provides a scaling plan that allows traders to increase their trading capital as they become more successful. The traders can also monitor their drawdown and slippage to ensure that they are trading within their risk tolerance. Funding Pips also provides fast payouts and low spreads to ensure that traders can maximize their profits.
To access these features, traders need to pass the two-phase evaluation process and obtain their P1 credentials. Once they have their P1 credentials, they can access the Funding Pips dashboard and start trading with Funding Pips’ capital.
Overall, Funding Pips provides additional features that can help traders to improve their trading skills and increase their profits. The news events and copy trading features are particularly useful for traders who want to stay up-to-date with the latest market developments and copy the trades of successful traders.
Risk Management
One of the most crucial aspects of trading is risk management. Funding Pips takes risk management very seriously and has implemented various measures to ensure that traders follow proper risk management practices.
Firstly, Funding Pips requires all traders to use mandatory stop-loss orders to limit potential losses. This ensures that traders do not lose more than they can afford to. Additionally, Funding Pips has set loss limits for each trader, which includes a daily loss limit and an overall loss limit. This ensures that traders do not lose too much money in a single day or over a longer period.
It is important to note that proper risk management is crucial for traders to be successful in the long run. Funding Pips expects all traders to follow proper risk management practices and failure to do so may result in account suspension.
In addition to the above measures, Funding Pips also requires traders to execute all trades manually on their Master account. This ensures that traders are fully aware of the risks associated with each trade and are able to make informed decisions.
Overall, Funding Pips places a strong emphasis on risk management and expects all traders to follow proper risk management practices. By doing so, traders can minimize potential losses and increase their chances of long-term success.
User Reviews
Trustpilot Reviews
Funding Pips has a strong reputation on Trustpilot, with an average rating of 4.5 stars out of 5. Many users praise the company for its fair evaluation process and supportive team. Students appreciate the opportunity to hone their skills and receive funding, while practitioners and masters enjoy the flexibility and independence of trading with Funding Pips’ capital. Some users also mention the helpful resources and educational materials provided by the company. However, a few users have reported issues with communication and technical difficulties, so it’s important to keep an eye out for any potential problems.
Social Media Feedback
Funding Pips has a strong presence on social media, with active accounts on Facebook, Twitter, and Instagram. Many users share their success stories and trading tips, and the company regularly posts updates and news about the markets. Students, practitioners, and masters alike appreciate the supportive community and opportunities for collaboration. Some users also mention the helpful insights and analysis provided by Funding Pips’ brokers. However, a few users have expressed concerns about the risk involved in trading, so it’s important to approach the markets with caution and discipline.
Overall, Funding Pips has received positive feedback from a diverse range of users, including students, practitioners, masters, and brokers. While there may be some challenges and risks involved in trading, Funding Pips provides a supportive and fair environment for traders to develop their skills and achieve their goals.
Conclusion
In conclusion, Funding Pips offers a unique opportunity for traders to overcome their funding challenges and grow in their professional journey. The evaluation program accounts for different trading preferences and offers a clear growth strategy for traders to follow.
During the trading period, it is important to remain disciplined and manage emotions such as FOMO. Drawdown size should also be considered to avoid significant losses.
Funding Pips offers flexible pricing options and accepts crypto payments for convenience. Their advertising as the “#1” funding program may be subjective, but their evaluation process is thorough and fair.
Once a trader reaches their profit targets, the manual review and KYC process ensure a secure and transparent funding process.
Overall, Funding Pips provides a valuable service for traders looking to advance their careers and overcome funding challenges.