Funding Pips’ Two-step Evaluation offers traders the opportunity to manage account sizes ranging from $5,000 to $100,000. The goal is to identify skilled traders who demonstrate profitability and effective risk management throughout the evaluation period. This evaluation program allows trading with leverage up to 1:100.
Account Sizes
– $5,000 – $36
– $10,000 – $66
– $25,000 – $156
– $50,000 – $266
– $100,000 – $444
Phase One: Traders must achieve an 8% profit target while adhering to a 5% maximum daily loss and a 10% maximum loss limit. There are no minimum or maximum trading day requirements in this phase. To advance to phase two, simply reach the 8% profit target without breaching the loss rules.
Phase Two: Traders must reach a 5% profit target, maintaining the same 5% maximum daily loss and 10% maximum loss limits. Like phase one, there are no minimum or maximum trading day requirements. Successfully reaching the 5% profit target without breaching loss rules qualifies you for a funded account.
Funded Account: Upon completing both evaluation phases, traders are awarded a funded account with a minimum withdrawal amount of 1% of the initial account balance. The first payout can be requested after generating a profit on the first Tuesday. Subsequent payouts can be requested every Tuesday if criteria are met. The profit split ranges from 80% to 90%, based on your profits.
Two-step Evaluation Scaling Plan
Successful traders can benefit from a scaling plan. Account and drawdown increases are based on the number of successful payouts and profits secured.
Scaling Examples:
– After 4 Payouts and 10% Profit: 20% account increase, maximum drawdown increases to 11%.
– After 8 Payouts and 20% Profit: 30% account increase, daily drawdown increases to 6%, and maximum drawdown to 12%.
– After 12 Payouts and 30% Profit: 40% account increase, maximum drawdown increases to 13%.
– After 16 Payouts and 40% Profit: Qualify for the Hot Seat with benefits like doubling the initial account balance, personal support, advanced trading tools, on-demand payouts, increased profit split to 90%, potential access to up to $2,000,000, customized trading conditions, daily drawdown increase to 7%, maximum drawdown to 14%, and monthly bonuses.
Monthly Hot Seat Bonuses per Account Sizes
– $5,000 – $100
– $10,000 – $200
– $25,000 – $300
– $50,000 – $400
– $100,000 – $500
Two-step Evaluation Trading Rules
– Profit Target: Traders must achieve specific profit targets to successfully complete an evaluation phase, withdraw earnings, or scale their trading accounts. The profit target for Phase 1 is 8%, while Phase 2 requires a 5% profit target. Funded accounts have a 1% withdrawal requirement.
– Maximum Daily Loss: The maximum allowable loss in a single trading day is 5% of the account size. This limit is scalable up to 7%.
– Maximum Loss: The overall maximum allowable loss is 10% of the account size. This limit is scalable up to 14%.
– No Hedging: Hedging strategies are prohibited during trading activities.
– No News Trading: Trading is not allowed during high-impact news releases. Traders cannot execute new trades or close existing trades on the specified instrument within 2 minutes before and after the announcement on funded accounts.