FundingPips drops two rules and moves its code to 15%

FundingPips changed its CFD rulebook on 28 September. The changes cover trading rules, daily loss limits, minimum trading days and the PropFirmTrading code.

Two rules are removed for accounts bought or reset from 28 September, except on the Zero model.

• The cap on risk per trade idea
• The profit-concentration rule

This covers 1-Step Flex, 2-Step Standard, 2-Step Pro and 2-Step Flex. Traders on these models no longer need to size trades to those limits.

The striking system was kept on the reward cycle that pays a 100% split. This was the Monthly cycle until 21 October, when FundingPips replaced it with On Demand under the same conditions. The system records a warning each time one trade idea loses 1% of the account size.

Accounts bought before 28 September keep the earlier rules, which FundingPips calls the Legacy Rules.

Two models now offer a choice of daily loss limit.

• 1-Step Flex: 3% by default, or 2%
• 2-Step Standard: 5% by default, or 3%

Minimum trading days now depend on the model and the daily loss option.

• 1-Step Flex: none, with either daily loss limit
• 2-Step Pro: none
• 2-Step Standard: none with the 3% option, three with the 5% option
• 2-Step Flex: one day

With no minimum, a trader who reaches the target on day one can move on straight away. On Master accounts, Swing and Swap Free are now separate optional add-ons.

The PropFirmTrading code PROPFT moved from 25% to 15% on the same day. The 100K prices with the code are listed below.

• 2-Step Pro: $358.70 (list $422.00)
• 2-Step Standard: $443.70 (list $522.00)
• 1-Step Flex: $453.05 (list $533.00)

These were the prices on 28 September. The code has changed since then, and the current rate is on the FundingPips discount page.