Pips Financing suggests that there are three essential stages in a trader's journey: the Novice, the User, and the Specialist. Participants have the opportunity to accumulate substantial income and manage accounts with a capacity of up to $100,000, keeping as much as 90% of the returns. This is attainable through participation in various financial markets including forex pairs, commodities, indices, and cryptocurrencies.
Basic information:
This website offers a solitary Financing Program, segmented into two distinct phases: the Assessment Phase and the Financing Phase. In the initial phase, you exhibit your trading prowess, while the subsequent phase presents you with the chance to claim a portion of your accrued earnings. Now, let's delve deeper into this methodology and acquaint ourselves with the guidelines governing the Prop Firm Funded Pips.
Evaluation Program
During the initial evaluation phase, traders are tasked with achieving an 8% profit target, while maintaining within the bounds of a 5% daily loss limit and a 10% maximum total loss limit. Notably, this stage imposes no specific requirement for a minimum or maximum number of trading days. Progression to the subsequent phase is contingent upon reaching the 8% profit target without breaching the set loss limits.
In the second assessment phase, traders are expected to attain a 5% profit target, adhering to the same 5% daily loss ceiling and 10% aggregate loss limitation. Echoing the first stage, there is no mandated number of trading days. To move into a funded position, traders are required to hit this 5% profit mark while observing the daily and overall loss constraints.
Once both stages are successfully navigated, traders gain access to a funded account, which comes with a minimum withdrawal threshold set at 1% of the original account balance. Continued adherence to the 5% maximum daily loss and 10% total loss regulations is essential. The first withdrawal opportunity is available 5 calendar days following the initial trade in the funded account, with subsequent withdrawals possible every 5 days. The proportion of profits shared ranges between 80% to 90%, contingent on the profits made in the funded account.
Scaling Plan for Evaluation Program
The evaluation initiative utilizes a progressive scaling approach. As traders achieve more payouts and generate income while being funded, they are entitled to higher account balances and expanded limits on daily and overall drawdowns.
For example:
- Upon achieving 4 successful payouts and amassing a total profit of 10%, traders are eligible for a 20% boost in their initial account balance, with the overall drawdown limit increasing to 11%.
- After securing 8 successful payouts and a total profit of 20%, the enhancement is 30% of the initial account balance, with daily drawdown limits escalating to 6% and the overall drawdown to 12%.
- Following 12 successful payouts and accumulating a 30% total profit, traders receive a 40% increase in their initial account balance, and the overall drawdown limit ascends to 13%.
- After 16 successful payouts and a total profit of 40%, traders progress to the Hot Seat tier, which presents various advantages such as a doubled initial account balance, personalized support, sophisticated trading tools, flexible payout options, a profit split increase up to 90%, potential access to funds reaching $2,000,000 through continuous scaling, custom trading conditions, and elevated drawdown limits of 7% daily and 14% maximum. This level also includes monthly bonuses, as outlined in the accompanying spreadsheet.
Is Acquiring Capital from Funding Pips Feasible?
Evaluating the likelihood of fulfilling the trading benchmarks is essential when exploring proprietary trading firms that align with your forex trading strategy. Even with an enticing profit share from a well-capitalized account, the firm's appeal might wane if it sets demanding monthly profit goals and stringent drawdown ceilings, reducing your potential for success. Additionally, the trading time frame is a critical factor; a flexible trading window is preferred as it eases the pressure of looming deadlines. Moreover, a comprehensive grasp of all trading rules during the assessment and capital phases is imperative to prevent accidental violations of your account's conditions.
Securing capital through the Evaluation Program is attainable, thanks to its achievable profit targets (8% in the first stage and 5% in the second) and reasonable loss limits (5% daily loss, adjustable to 7%, and 10% total loss, adjustable to 14%). The lack of rigid trading day requirements offers the flexibility to trade at a pace that suits you, facilitating either swift capital acquisition or a more deliberate trading style. Successfully navigating both evaluation phases grants access to payouts with a lucrative profit share of 80% to 90%.
After a thorough analysis of various factors, Funding Pips is highly endorsed for its transparent funding structure that provides feasible trading objectives and conditions for securing payouts.
Proof of Earnings
Established on August 25, 2022, Funding Pips is a proprietary trading firm with a large network of traders who have secured funded positions and qualify for profit distribution.
Upon achieving a funded status within the Funding Pips Evaluation Program, you become eligible for your first earnings withdrawal after you hit a 1% profit target and complete a 5-day waiting period. Additionally, you can make subsequent withdrawals every 5 days, provided you maintain the 1% profit milestone. Depending on the profits generated in your funded account, you'll receive a generous profit share ranging from 80% to 90%.
Various online platforms offer testimonials and proofs of Funding Pips' legitimacy. For example, Trustpilot features reviews from traders discussing their personal journeys and showcasing payment proofs from the firm. Additionally, Funding Pips maintains YouTube and Discord channels, which are rich sources of interviews with prosperous traders and records of their financial achievements.
