Funding Pips has recently launched two innovative evaluation programs designed to offer traders structured and flexible pathways to achieve funded trading status. These new programs, the 1-Step and 3-Step Evaluations, aim to cater to different trading styles and risk management preferences, providing enhanced opportunities for traders to secure capital and maximize their potential.

1-Step Evaluation Program

The 1-Step Evaluation Program at Funding Pips is designed to be straightforward and efficient. Traders are required to meet a 12% profit target with a daily drawdown limit of 4% and an overall maximum loss limit of 6%. One of the key advantages of this program is the absence of a time limit, allowing traders to progress at their own pace. Successful traders receive their funded account status and payouts within five trading days after meeting the criteria​​.

3-Step Evaluation Program

For traders seeking a more phased approach, the 3-Step Evaluation Program offers a structured path divided into three distinct phases. Each phase requires traders to achieve a 5% profit target, maintaining the same drawdown and loss limits as the 1-Step Evaluation. Like the 1-Step Program, the 3-Step Evaluation also provides unlimited time for each phase, giving traders flexibility in their trading strategies. Successful completion of all three phases leads to funding and expedited payouts within five trading days​.

Key Features and Rules

Both evaluation programs share several important features and rules aimed at fostering disciplined trading:

• Profit Targets: 12% for the 1-Step and 5% per phase for the 3-Step.
• Drawdown Limits: Daily drawdown of 4% and maximum loss of 6%.
• Trading Flexibility: No restrictions on trading styles, allowing positions to be held overnight and over weekends. However, hedging strategies are prohibited​​.
• Payouts and Scaling: Successful traders can expect payouts within five trading days. Additionally, Funding Pips offers a comprehensive scaling plan that increases account balance and drawdown limits as traders achieve consistent profitability​​.

Conclusion

The introduction of these new evaluation programs underscores Funding Pips’ commitment to supporting traders in their journey towards consistent profitability. By providing clear objectives, flexible timelines, and robust risk management protocols, Funding Pips aims to empower traders to realize their full potential. These new challenges broaden the opportunities for traders to choose evaluation pathways that best suit their trading styles and goals, reinforcing Funding Pips’ position as a leading prop trading firm in the industry​.