Smooth payout
All beginners should try to their 2 step 5k
Funding Pips (often known as FundingPips) is a popular proprietary trading firm designed to offer retail traders access to simulated capital up to $2,000,000. It is widely recognized for its affordable evaluation fees and flexible trading models. Key Features & Models Evaluation Options: Offers 1-Step Flex, 2-Step Standard, 2-Step Flex, 2-Step Pro, and "Zero" (Instant Funding) models tailored to different trading styles. Profit Splits: Ranges from 60% up to 100% depending on the account tier and payout frequency chosen. Payout Cycles: Flexible payout options including On-Demand, Weekly, Bi-weekly, or Monthly options. Drawdown Limits: Uses static and trailing overall loss limits (typically 5% to 12% max drawdown and 3% to 5% daily drawdown depending on the model). Things to Keep in Mind Strict Master Rules: While evaluation phases are lenient, live Master Accounts enforce rules such as a 35% daily profit consistency cap, weekend holding restrictions, and strict floating-loss warnings ("Striking System"). Execution & Slippage: As with most prop firms operating on simulated accounts, traders should monitor spread widenings during high-volatility news events.
While Funding Pips is popular for low costs and flexible time limits, several strict rules and operational drawbacks frustrate traders: Strict News Trading Limitations: Although news trading is allowed during evaluation, Master (Funded) Accounts enforce a strict restriction where any profit made from trades executed or closed within 5 minutes before or after a high-impact news event is deducted. 1-Minute Rule on Master Accounts: Profits from trades opened and closed within 60 seconds are automatically disqualified on funded accounts to prevent tick-scalping and HFT-like behavior. IP Address and Location Enforcement: The firm strictly tracks IP addresses. If you log in from a different region, use a VPN/VPS without prior approval, or switch locations, your account can be flagged, requiring flight tickets or video proof of travel to unfreeze. Limitations on Third-Party EAs: While self-developed EAs are allowed (with source code or dev proof required upon request), using off-the-shelf or commercial third-party EAs (including trade copiers from external master accounts) is heavily restricted and can trigger account failure. Platform & Regional Restrictions: Due to broker and regulatory changes across the prop firm space, MetaTrader accessibility can be inconsistent depending on your location, forcing users onto alternative platforms like Match-Trader or cTrader