Funding Pips in India
Funded Pips offers prop trading programs starting from $5K to $100K accounts with up to 100% profit share.
Funding Pips is a prop trading firm headquartered in Dubai, United Arab Emirates. Established in 2022, the company aims to empower traders by providing them with funded trading opportunities and the potential to earn substantial profits. Funding Pips operates in partnership with a reputable, licensed broker, offering a simulated real market trading environment.
Funding Programs and Account Sizes
Funded Pips offers traders a choice of three unique funding programs: Two-Step Evaluation, One-Step Evaluation, and Three-Step Evaluation. These programs cater to traders with varying levels of experience and risk preferences. The available account sizes range from $5,000 to $100,000, with affordable evaluation program costs starting at $32.
Two-Step Evaluation
The Two-Step Evaluation program is a two-phase process designed to assess traders’ skills and risk management abilities. Successful traders can earn up to a 100% profit share and potentially scale their accounts up to $2,000,000.
One-Step Evaluation
The One-Step Evaluation program is a single-phase process that offers traders the opportunity to manage accounts ranging from $5,000 to $100,000. Successful traders can earn up to an 80% profit share and qualify for the company’s scaling plan.
Three-Step Evaluation
The Three-Step Evaluation program is a three-phase process that allows traders to manage accounts from $10,000 to $100,000. Successful traders can earn up to an 80% profit share and qualify for the company’s scaling plan.
Trader Journey
FundedPips envisions a comprehensive journey for its traders, beginning with the evaluation phase and progressing through funded trading and potential account scaling.
- Evaluation Phase: Traders start by selecting their preferred funding program and account size. They must demonstrate consistent profitability and effective risk management during the evaluation phase(s).
- Funded Trading: Upon successful completion of the evaluation, traders receive a funded account and become eligible for payouts based on their profit share.
- Scaling Milestones: As traders achieve scaling milestones through consistent performance, they can increase their account balances, adjust trading conditions, and potentially qualify for the “Hot Seat” status, unlocking additional benefits.
Trading Conditions and Rules
Funding Pips provides traders with access to a diverse range of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies. The leverage offered is up to 1:100, encouraging responsible risk management practices.
Here are some key trading rules and conditions:
Rule | Description |
Profit Targets | 5%-10% |
Maximum Daily Loss | 4% (scalable up to 6%) |
Maximum Loss | 5% (scalable up to 10%) |
Minimum Trading Days | 3 calendar days per phase |
Hedging | Not allowed |
News Trading | Allowed during evaluation, restricted during funded trading |
Risk Management and Education
Funding Pips recognizes the importance of risk management in trading success. The company provides educational resources and tools to assist traders in developing sound risk management strategies. These resources include trading guides, webinars, and a dedicated trader dashboard that allows traders to monitor their progress and performance metrics.
Scaling Plan and Payouts
Funding Pips offers a dynamic scaling plan that allows traders to increase their account balances and adjust trading conditions based on their performance. Successful traders can also enjoy weekly payouts, with profit splits ranging from 80% to 100%, depending on their payout cycle (weekly, bi-weekly, or monthly).
Trading Tools and Technology
Funding Pips India is committed to providing traders with cutting-edge trading tools and technology. The company partners with reputable brokers and leverages advanced trading platforms, ensuring a seamless and efficient trading experience. Traders can access real-time market data, advanced charting tools, and automated trading capabilities.
Customer Support and Trading Platforms
FundingPips provides customer support through various channels, including email, live chat, and social media platforms. Traders can access their accounts and execute trades using popular trading platforms such as Match-Trader, cTrader, and TradeLocker.
Trustpilot Reviews and Customer Feedback
Funding Pips has received a mix of positive and negative reviews on Trustpilot, with an overall rating of 4.4 out of 5 stars from over 12,000 reviews. Here’s a summary of the common feedback:
Aspect | Average Rating | Details |
Payouts | 4.2 | Most traders report receiving prompt payouts, but some issues with denied or delayed withdrawals. |
Customer Support | 3.8 | Generally responsive, but some complaints about lack of clarity or inconsistent responses. |
Trading Rules | 4.5 | Rules are considered fair by many, but some find them too strict or subject to change. |
Platform Stability | 3.5 | While some appreciate the platform options, others report technical issues and outages. |
Overall Experience | 4.1 | Opinions are divided, with some praising Funding Pips as a reliable firm, while others express dissatisfaction. |
FAQ
Yes, Funded pip is a legitimate prop trading firm headquartered in Dubai, UAE. The company has been operational since 2022 and has received both positive and negative reviews from traders.
Funding Pips offers account sizes up to $100,000 through its evaluation programs. Successful traders also have the potential to scale their accounts up to $2,000,000 through the company’s scaling plan.
Funding Pips offers profit splits ranging from 80% to 100%, depending on the trader’s performance and chosen payout cycle. The highest profit share of 100% is available for traders who qualify for the “Hot Seat” status by meeting specific scaling milestones.