Funding Pips: A Comprehensive Guide to the Prop Trading Firm

Introduction to Funding Pips

Funding Pips is a recently established proprietary trading firm (prop firm) that has quickly gained recognition in the industry. Headquartered in Dubai, United Arab Emirates, the firm offers a unique blend of flexible evaluation programs, lucrative profit splits, and support services tailored to traders of varying experience levels.

Evaluation Program Options

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Funding Pips provides a range of evaluation program accounts to cater to the diverse needs of traders. These accounts vary in size and price, offering traders the flexibility to choose an option that aligns with their trading style and objectives.

Phase One of Evaluation

In the initial phase of the evaluation, traders aim to achieve an 8% profit target while adhering to a 5% maximum daily loss and a 10% overall loss limit. There are no strict minimum or maximum trading day requirements, providing traders with ample time and flexibility to reach their targets.

Phase Two of Evaluation

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The second phase requires traders to aim for a 5% profit target, under the same loss constraints as Phase One. Similar to the first phase, there are no specific trading day requirements. Progressing to the funded status hinges on reaching the 5% profit target without violating the loss rules.

Scaling Plan

Funding Pips has integrated a scaling plan into their evaluation program accounts, offering traders the opportunity for account growth based on their successful payouts and accumulated profits. This plan provides incentives for traders to perform consistently and achieve higher profit levels.

Trading Instruments

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Funding Pips offers a diverse range of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies. This variety allows traders to explore various markets and apply their trading strategies across different asset classes.

Trading Fees

Funding Pips imposes trading fees, primarily structured as trading commissions and spreads. Traders are encouraged to check the live spreads by logging into their trading account to stay informed about the current market conditions.

Education and Support

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While Funding Pips does not offer formal educational programs, they provide traders with a well-structured trading dashboard. This tool allows traders to track their progress, view trading objectives, and manage risk more effectively.

Traders’ Feedback

Funding Pips has garnered positive feedback from its trading community, with many traders expressing satisfaction with the trading dashboard, weekly payout cycle, and account scaling opportunities. The firm’s commitment to providing a supportive and effective trading environment is reflected in these positive reviews.

Social Media Presence

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Funding Pips maintains an active presence across various social media platforms, including Facebook, Instagram, YouTube, Twitter, and Discord. These channels serve as a hub for updates, educational content, and community engagement, fostering a sense of camaraderie among traders.

Support Services

Funding Pips offers comprehensive support to its traders through a dedicated FAQ page, social media engagement, and email support. This multi-channel approach ensures that traders have access to the assistance they need, whether it’s for general information, specific queries, or real-time interaction.

Conclusion

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Funding Pips has established itself as a reputable and growing prop firm in the industry. With its flexible evaluation programs, lucrative profit splits, and commitment to trader support, the firm caters to a wide range of traders. Whether you’re a seasoned professional or a novice seeking funding, Funding Pips offers a compelling opportunity to advance your trading career.