Funding Pips is a reputable company in the field of providing funded accounts (prop firm) for professional traders. The company offers its services through three different plans, covering various trader needs. Traders can receive accounts with balances of $10,000, $25,000, $50,000, and $100,000 from Funding Pips. The company sets specific trading conditions and requires traders to comply with the existing rules and restrictions.
Trading Platforms and Account Features
Funding Pips provides two powerful trading platforms for its users: Match Trader and CTrader. These platforms offer professional features and high flexibility to traders. To use these platforms, an account with a specific username and password is required, which the company provides to users.
This company also offers services to Iranian traders, which is a significant advantage, as many brokers and similar firms avoid providing services to Iranian users. Due to this accessibility, Funding Pips is an attractive option for Iranian traders.
Profit Sharing and Services
One of the standout features of Funding Pips is its 80% profit share for traders. This percentage is highly attractive and makes the firm a suitable choice for traders seeking high profitability. Additionally, Funding Pips has set specific profit targets for its accounts, which vary by plan:
- Some accounts require an 8% profit target, while others require a 5% profit target.
Funding Pips Account Conditions Table
| Feature | Details |
|---|---|
| Platforms | Match Trader, CTrader |
| Profit Share | 80% |
| Commission | Forex & Metals: $2 per lot |
| Profit Target | 8% and 5% |
| Maximum Drawdown | 10% |
| Time Limit | No time limit |
| News Trading | Allowed |
| Weekend Holding | Allowed |
| Expert Advisors | Not allowed |
| Copy Trading | Not allowed |
Restrictions and Rules of Funding Pips
Funding Pips has implemented several restrictions to ensure that traders operate professionally and in accordance with its regulations:
- Maximum Overall Drawdown: The limit is set at 10% across all plans, meaning traders must manage their risk carefully.
- Concurrent Trade Risk Limit: The maximum allowable risk on simultaneous trades is 3%.
- Copy Trading & Expert Advisors Restrictions: Funding Pips prohibits the use of expert advisors and copy trading, emphasizing that the firm seeks traders who rely on their market analysis and decision-making skills.
- Tradable Assets: Traders can engage in trading various assets, including forex, cryptocurrencies, indices, metals, and energy markets.
Leverage at Funding Pips
Funding Pips offers different leverage levels depending on the plan, allowing traders to choose appropriate leverage based on their skill level and the asset being traded. In general:
- Two-Step Plan:
- Forex: 1:100
- Metals: 1:30
- Cryptocurrency: 1:2
- One-Step & Three-Step Plans:
- Forex: 1:50
- Metals: 1:20
- Cryptocurrency: 1:2
Additional Rules and Important Notes
- News Trading & Weekend Holding: Trading during news events is allowed, and positions can remain open over the weekend.
- Daily Profit & Loss Limits: The maximum daily profit should not exceed 45% of the total account profit, helping traders maintain risk management and prevent excessive volatility.
Frequently Asked Questions About Funding Pips
Does Funding Pips provide services to Iranian traders?
Yes, Funding Pips offers its services to Iranian traders, making it an attractive option for them, as many brokers and similar companies avoid serving Iranian users.
What types of services and plans does Funding Pips offer to traders?
It offers three different plans for professional traders, including accounts with balances of $10,000, $25,000, $50,000, and $100,000. The company operates on Match Trader and CTrader platforms and provides specific trading conditions.
Which trading platforms does Funding Pips use?
Funding Pips supports Match Trader and CTrader, offering professional features and flexibility to traders.
What restrictions has Funding Pips set for traders?
The firm imposes a maximum drawdown of 10%, a maximum concurrent trade risk of 3%, and prohibits expert advisors and copy trading to ensure risk management and maintain high trading standards.
How does profit sharing work at Funding Pips?
The company offers an 80% profit share to traders, making it highly attractive for those seeking high profitability. Additionally, different plans have specific profit targets of 8% or 5%, depending on the account type.
With its well-defined rules and attractive profit-sharing structure, Funding Pips is a solid choice for traders looking for a reliable platform with high profit potential and flexible trading conditions. If you are a professional trader looking for a great opportunity to manage risk while maximizing profits, this firm could be an excellent option. Additionally, the fact that it provides services to Iranian traders adds to its appeal for many traders in Iran.
For more details on plans and conditions, you can visit the official Funding Pips website and explore other prop firms on Fundfa.