The Evaluation of the Funding Pips 2-Step model includes two stages, with a profit goal of 8% for the initial phase "student" and a profit goal of 5% for the second phase "Practitioner".
The Phases of the 2-Step Model
The Student Phase (Phase I)
The student phase is to test your trading skills while defining yourself as a trader. During the student phase, you must achieve a profit target of 8% without breaching any other rule and have 3 minimum trading days. Once passed, it takes 24 hours to receive your Phase 2 account.
The Practitioner Phase (Phase II)
The practitioner phase is just to confirm the results and outcomes of the student phase. During the practitioner phase, you must achieve a profit target of 5% without breaching any other rule and have 3 minimum trading days.
The Master Phase (Phase III)
You have proven that you mastered your trading skill and will be offered to trade for our capital.
The Maximum Daily Loss & Loss Limit
The Maximum Daily Loss
The Maximum Daily Loss is the amount you are allowed to lose daily. This rule will use a higher value between equity and balance. This rule is set as a 5% of every day's starting equity or balance. The rule states that the equity of the day, which is the result of the currently floating PnL (Profit and Loss) in sum with all closed positions of that day, must not hit the Maximum Daily Loss Limit. The daily maximum loss resets at 00:00 CE(S)T/server every day.
You can know more about when do I breach the Daily Loss Limit here
The Maximum Loss Limit.
It's the amount your equity or balance can't go below. This rule is set to 10% of the initial account size. For example, if you have a $100.000 account and the Maximum Loss Limit is 10%, your equity or balance can't go below $90.000 at any moment.
You can know about this topic here
Allowed to hold trades during news and over the weekend
During the Evaluation (Student & Practitioner )
You are allowed to hold trades over the weekend and trade during the news in the evaluation stage.
During the Funded (Master only)
You are allowed to hold trades during news and over the weekend. Profit from trades that are opened or closed 5 minutes prior toand after high impact news events and/or speeches on the affected currency will not be counted on the Master account UNLESS the trade was executed 5 hours prior to the event*. This restriction applies to all forms of trade execution, such as manual, pending, stop loss and take profit orders. During news speeches, the prohibited window will extend 5 minutes prior to the speech until 5 minutes after the speech has been finished. High impact News event trading will result in the deduction of any profits made from trades executed within the restricted 10-minute window.
Our system will automatically close the affected trades that are opened within the prohibited time window. We use Forex Factory as our news calendar source. In the event any deductions result in the breach of the daily loss limit or maximum loss limit, the trader is responsible for the violation. Read more about news trading in our FAQ "Can I hold trades during news and over the weekend?".
*Note: To help swing traders while preventing news gamblers, trades that are opened 5 hours prior to a high impact news event are excluded and allowed to close within the prohibited time window. The profits of these trades will be counted.
We do not support purposely trading news and it will lead to a termination.
Leverage
You can trade Forex, Crypto, Indices, Metals & Energies with RAW spreads. Forex and Metals have a 2$ commission per lot. Crypto, Indices, and Oil are commission-free. The leverage depends on the evaluation model you choose.
Forex: 1:100
Metals: 1:30
Indices: 1:20
Energies: 1:10
Crypto: 1:2
Payouts & Profit Split
Payout cycle and profit split
A Trader is eligible to request a payout based on the chosen payout cycle when receiving the Master account. This can be Tuesday Payday, Bi-Weekly, or Monthly, with a profit split up to 100%.
The different payout cycles have the following profit split applied:
Tuesday Payday with a 60% profit split
A trader is eligible to request a payout every Tuesday. A 60% profit split will be applied.
Master accounts started on Monday can request on Tuesday (the next day).
Master accounts started on Tuesday can request on Tuesday (same day).
Master accounts started on Wednesday can request on Tuesday (after 4 trading days).
Master accounts started on Thursday can request on Tuesday (after 3 trading days).
Master accounts started on Friday can request on Tuesday (after 2 trading days).
This means that the payout schedule can range from the same day to 4 trading days.
Bi-weekly payout with an 80% profit split
A trader can request a bi-weekly payout every 14 calendar days after the first executed trade on the Master account with an 80% profit split applied.
Monthly with a 100% profit split
A trader can request a monthly payout every 30 calendar days after the first executed trade on the Master account with a 100% profit split applied.
On-Demand Payouts + 100% profit split
Once a trader earns a Hot Seat in our firm, the trader receives On-Demand payouts with a 100% profit split applied. More can be read in our FAQ "What is the Hot Seat program?"
Note: The minimum amount for a payout is 1% of the initial balance including our split.
Prohibited Trading Strategies
Trade the way you want. Use an "EA", hold during news, hold trades over the weekend and trade lot sizes as big as the leverage allows for as long as it is not: Gap trading, high frequency trading, server spamming, latency arbitrage, toxic trading flow, hedging, long short arbitrage, reverse arbitrage, tick scalping, server execution, opposite account trading, which are all prohibited. Also, copy trading or account management by a third-party vendor is prohibited. Such activities with Funding Pips will result in account termination. Keep in mind that using a third-party Expert Advisor is allowed as long as it is a trade or risk manager. Using any other third-party Expert Advisor is not allowed. This will lead to a denial of the evaluation or payout and closure of the account.