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No need to rush, you don't build a life in a day. There is plenty of time to pass the evaluation successfully, being dynamic is crucial.
We offer a FundingPips Zero Evaluation course which provides direct access to a Master account., It's crucial that you have a dynamic trading system & risk management profile.
In the event of a breach of any of the rules referred to in this section, all positions on the platform shall be closed immediately, the Customer’s Account will be closed and the right to any reward will be revoked.
2.1. 3% Maximum Daily Loss Limit
The Maximum Daily Loss is the amount the trader is allowed to lose every day. For the purpose of this rule, the higher value between equity and balance will be used. This rule is set to 3% of the starting equity or balance every day. 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 Liit. The daily maximum loss resets at 00:00 CE(S)T/server every day.
2.2. 5% Maximum Trailing Loss Limit
The Maximum Loss Limit is the amount the equity or balance can't go below. This rule is set to 5% of the highest equity recorded which will be locked in at the initial balance once the equity is in 5% profit. The rule incorporates a trailing mechanism based on equity, which means that it will trail and adjust to the highest equity level reached by the account until a 5% profit is reached. For example, if an account reaches a maximum equity level of $102,000 account and the Maximum Trailing Loss Limit is 5%, the equity or balance can't go below $97,000 at any moment.
2.3. Weekend Holding and News Trading on the Zero Master account
You are not allowed to hold trades during news and over the weekend on the Zero Master account. A position cannot be held or opened 10 minutes before and after a high-impact news event (20 minutes total) on the affected currency. An open trade in this window on the affected currency or holding a position over the weekend will result in a violation of the account. We use Forex Factory as our news calendar source.
2.4. Trading Strategy
Trade the way you want. Use an "EA", trade lot sizes as big as the leverage and rules allow 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 closure of the account.
2.5. 15% Consistency Score
You need to meet the 15% consistency score on the Master account to request a reward. If you do not meet the 15% consistency score, you can continue trading until you meet the consistency score. This means that the biggest winning day can not exceed 15% of the profits.
2.6. Maximum 1% Risk Limit
The 1% maximum risk limit rule means that your floating profit and loss (PnL) must not exceed -1% of the account size. If your floating PnL drops below -1%, the account will be closed.
2.7. 7 Minimum Profitable Days
You must achieve at least 7 minimum profitable days by the end of each 30-day period. The first 30-day period starts on the date the account is created. A minimum profitable day is only counted if the day’s profit is at least 0.25% of the account balance. The 30-day period resets either at the end of each cycle or upon the processing of a reward. Failure to meet this requirement by the end of any 30-day period will result in a rule violation.
Remember! YOUR IDEAS, OUR RISK. To get a Master account and grow as a trader you should be able to trade and have the right set of skills. YOU CANNOT CHEAT YOUR WAY IN.
Toxic Trading is defined as reckless risk-taking, impulsive behavior, and a disregard for fundamental principles. The threat of toxic trading jeopardizes not only individual trader accounts but also the stability of proprietary trading firms. We will shed light on toxic trading, defining its various manifestations and underscoring the imperative for vigilance and responsibility in the pursuit of profitable trading strategies.
Toxic trading encompasses a variety of behaviors and practices, with some common characteristics including the following:
Excessive Risk-Taking (Over-Leveraging)
Participating in trades with disproportionately high levels of risk in relation to the trader's capital or risk tolerance. This often involves utilizing excessive leverage causing overexposure or full margin, which can magnify both gains and losses.
Gambling Behavior
Trading is driven by emotions rather than rational analysis can resemble gambling. Traders may chase losses, make impulsive decisions, or develop addictive behaviors, often resulting in negative outcomes. Your maximum loss per trade must not exceed 3% of the account size, applicable to Master accounts only. This rule includes:
All of the above are collectively considered one single trade for the purpose of the 3% maximum loss limit.
Overtrading
Continuously entering and exiting trades without a clear strategy or rationale, resulting in diminished profitability and emotional exhaustion.
High-Frequency Trading (HFT) & Tick Scalping
Engaging in excessive and rapid trading activities indicative of higher volatility, which may result in significant losses.
Arbitrage
All forms of arbitrage are considered toxic due to the lack of a clear underlying idea, strategy, or rationale. Below are two common arbitrage strategies:
Poor Money Management
Traders who frequently encounter margin calls due to inadequate funds or risky positions may indicate a lack of risk management, posing a threat to their accounts and potentially the firm’s stability.
Behavioral Patterns
Inconsistent behaviors, such as trading during non-liquid market hours to exploit liquidity shortages, consistently disregarding risk management principles, or making emotional decisions
Reverse Trading
Signs and behavior, which includes risking the full daily loss on one trade, which often indicates reverse trading between different firms.
Traders suspected of engaging in such behaviors may be subjected to various restrictions including but not limited to reducing leverage, limiting the number of trades per day, lot size limit per day, lower daily/max loss limiting the risk per trade, imposing a maximum 1% risk limit rule or even being banned from the firm. Our goal as an Evaluation firm is to assist you becoming a better trader and risk manager, while also benefiting from the trading flow you provide. This evaluation aims to gather the best trading data possible, enabling us to monetize our data more efficiently, enhancing our stability, and strengthening the industry as a whole.
4.1. Tradable instrument and commission
Standard Commission Rates
Accounts with Swap Free add-on (MT5 Only)
Traders who selected the Swap Free Add-on during account purchase will have different commission rates. Accounts with the Swap free add-on will have the below commissions applied:
4.2. Leverage
Standard account
The leverage that will be applied on all accounts in the FundingPips Zero model is:
Swap Free Account
The leverage that will be applied on the swap free account:
Once the evaluation program is purchased the trader will receive the login credentials immediately, changing the account credentials is prohibited under any circumstances, if a trader changes the credentials the account will be suspended. FundingPips is constantly looking for skillful traders to grow with over the long run, it is crucial to be the trader, YOUR IDEAS OUR RISK. A trader cannot use signal bots, trade management services, or trade copiers. FundingPips’s software is constantly monitoring the activities of traders, and a breach of any rule will result in account suspension.
6.1. Bi-Weekly Reward + 95% Reward Split
A trader is eligible to request a reward after 14 days from the first executed trade on the Master account, with a 95% reward split, provided the following criteria are met:
6.1.1. 15% Consistency Score with 7 Profitable Days
A trader achieved a 15% consistency score and has at least 7 profitable trading days, with a trading day only counted as profitable if its profit is at least 0.25% of the initial account size, as outlined in rules 2.5 and 2.7.7.
6.1.2. 3% Safety Cushion
The first 3% profit generated on the Master account can not be requested as a reward and acts as a safety cushion to protect your account from hitting the 3% daily loss limit by requesting a reward.
6.1.3. Biggest Loss Cannot Exceed Biggest Win
The biggest loss on the account must not exceed the biggest win. If this condition is not met, you must continue trading until the biggest loss no longer exceeds the biggest win.
6.2. On-Demand Rewards + 100% reward split
Once a trader earns a Hot Seat in our firm, the trader receives On-Demand rewards with a 100% reward split applied. More can be read in our FAQ "What is the Hot Seat program?"
Note: Transfers are subject to exchange rates and transaction fees. The minimum amount for a reward is 1% of the initial balance including our split.
If the trader proves to be skillful, then a competitive scaling plan is the least we can offer to show appreciation.
7.1 Scaling Plan
7.1.1. Launchpad (Level 1)
You'll begin as a Novice Trader. Successfully completing this stage with four rewards and 10% total profit will mark your entry into our program with a 20% scale-up.
As an Intermediate Trader, which you achieve after eight successful rewards with a total profit of 20%, you'll receive a 30% increase in your initial capital.
7.1.3. Trailblazer (Level 3)
Upon reaching Advanced Trader status after twelve rewards with a total profit of 30%, your capital allocation will increase by 40%. This recognizes your growing expertise and trading acumen.
7.1.4. Hot Seat
After sixteen rewards with a total profit of 40%, you'll ascend to the pinnacle as an Elite Trader. This exclusive status offers an array of premium benefits: double the initial balance.
Personal support & access to Advance Trading Tools - Research
Monthly bonuses
We provide monthly bonuses once you reach the Hot Seat based on the initial account size.
Note: The scale-up is always based on the initial account size. Also, if an account is merged, it will be based on the initial account, not the merged account size.
Risk-Based Capital Allocation: Allocate capital based on a trader's risk-adjusted performance. Traders who demonstrate better risk-adjusted returns receive more capital, regardless of their trading history.
Merging accounts is not supported in the FundingPips Zero Model.
The evaluation fee is non-refundable.
Any trading account inactive for 30 days will be automatically suspended.
You are free to travel and access your FundingPips account from anywhere. Using the same IP address is not a necessity. However, for the integrity of our platform, we do monitor IP activity to ensure that any changes follow a consistent and realistic pattern.
If our Team detects an unrealistic change in your IP activity, they may reach out to you for verification purposes. In such cases, you may be asked to provide supporting documentation to confirm your location. Acceptable forms of proof may include
This verification process is designed to safeguard your account and ensure that only authorized individuals have access.