Funding Pips, a newly incorporated prop trading firm based in Dubai, United Arab Emirates, offers an intriguing opportunity for undercapitalized traders. With up to $2,000,000 in funding and profit splits ranging from 80% to 90%, Funding Pips positions itself as a formidable entity in the prop trading landscape.
Understanding the Funding Pips Evaluation Program
The firm introduces a structured two-phase evaluation process, designed to rigorously assess and nurture trading talent. This program aims to bridge the gap for traders at various stages of their careers: Student, Practitioner, and Master.
Phase One: The Initial Evaluation
In the first phase, traders are tasked with achieving an 8% profit target while adhering to a 5% maximum daily loss and a 10% overall loss limit. Notably, there are no restrictions on the minimum or maximum trading days, allowing traders the flexibility to reach the target at their own pace without breaching loss limits.
Phase Two: Advanced Evaluation
The second phase reduces the profit target to 5%, maintaining the same loss limitations as the first phase. Similar to phase one, there are no stipulated trading day requirements, enabling traders to progress to funded status by meeting the profit target without violating loss rules.
Transition to Funded Account
Successful completion of both evaluation phases grants traders access to a funded account. Traders are required to maintain adherence to the 5% maximum daily loss and 10% overall loss limits. A minimum withdrawal threshold of 1% of the initial account balance is established, promoting disciplined and strategic trading.
Trading Freedom and Restrictions
Funding Pips champions trading flexibility, allowing traders to engage in news trading, and hold positions overnight and over weekends. However, it strictly prohibits the use of martingale strategies and hedging, and mandates the implementation of a stop-loss within 30 seconds on funded accounts.
About Funding Pips
As a beacon for aspiring and experienced traders alike, Funding Pips is dedicated to offering robust funding solutions and support. With a focus on fostering talent and professional growth, Funding Pips is set to make a significant impact on the prop trading domain.
