Funding Pips and their Offerings & Rules! Good or Not?

Before starting trading with any of the prop firms, you should always see two things. Firstly, what are they offering? Secondly, what are Evaluation Program Account Rules? And to make it easier for you, as there is a new prop firm in the market, we will do both of these for you. We intend to make sure that traders have clarity about all prop firms and know what to choose. So, let’s start with Funding Pips; what are their offerings, and what are the Account Rules?

Funding Pips Rules and Offerings– What are those?

First, let’s take a look at the Evaluation Program Account Rules:

• Phase 1 profit target is 8%, while Phase 2 has a profit target of 5%. Funded accounts have no profit targets.

• All account sizes have a maximum daily loss of 5%.

• All account sizes have a maximum loss of 10%.

• Stop-loss required means that traders must set a stop-loss on every position before opening a trade. Note that the mandatory stop-loss rule only affects funded accounts, not evaluation accounts. In addition, traders have to place a stop-loss within 30 seconds once the position is executed. The trade will automatically close if the stop-loss is not placed within 30 seconds. Traders are allowed to let this happen two times, the third will violate the trading rules, and your account will be closed. Also, keep in mind that the stop-loss count resets weekly.

• No martingale allowed means traders cannot use any type of martingale strategy.

• No hedging allowed means that traders cannot use any type of hedging strategy while trading.

Now let’s take a look at what they Offer:

And that’s it. Take a look; if this made it easier for you to choose the firm, then our purpose is fulfilled. 

About the Firm

Funding Pips believes traders progress through three key stages in their professional journey: Student, Practitioner, and Master. They have developed a two-phase evaluation process followed by a funded phase to evaluate trading talents and provide support in overcoming funding challenges.

More details? Click here. Want a discount code? Use our discount code (FOREXPROPREVIEWS) for a 5% Discount.